Byzantine on Nostr: "it is debt all the way down" https://nostr.build/p/nb4778.jpeg š #[0]
"it is debt all the way down"
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quoting nevent1qā¦8acfIt's funny because it's true, and because the collateral is also debt.
"Our debts are collateralized by assets, which are someone else's debt, and those debt-assets went down in price a lot relative to our debt."