I don't think bitcoin backed loans are a good idea given the risk to reward ratio. They make sense if you calculate the EV in a vacuum. The problem with risk is that it's not limited to your mathematical models. Your math might be correct. Risk 10% of your stack. If the price drops by 40%, just add more collateral. **What could go wrong?** A backdoor in your calculator. That's what can fucking go wrong.

Dan Carlin was the best orange piller. He never talked about Bitcoin. He talked about history. He once gave Joe Rogan a Roman coin. He has a Bitcoin address listed on his website. He asked for "a buck a show." One of his shows was about an empire falling in real time. Greatest Orange-piller of All Time.

Congratulations to the stablecoin companies for helping the US Bond market reach a market cap of 40 trillion dollars. Digital credit is huuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge.

What the hell kind of financial fuckery is a long term debt buyback?

Unpopular opinion: Anarcho-Capitalism is too centralized to defend against nation state(or rogue employee) introduced zero days. Multi-signature wallet's are agorism. Don't trust CEO's. I didn't go to the live RHR this year because I can't stand Curtis Jarvin's philosophy.