Ben's BTC stories on Nostr: So, if mstr has leveraged their Bitcoin, but they don't actually hold the keys to the ...
So, if mstr has leveraged their Bitcoin, but they don't actually hold the keys to the Bitcoin, this is done by Coinbase. And if Coinbase has rehypothicated their Bitcoin. Then the entire structure is unstable and bound to collapse as any shitcoin will do. How long?
Published at
2024-10-24 11:33:06 UTCEvent JSON
{
"id": "588197f86aa8029deff1c8a39f2e902a849fb6ac1b261953b89ab676d3f71dbf",
"pubkey": "067055a92543bd150a9e1bba52718b54f9a0375f2d96062ba6e62e5f11e0f59f",
"created_at": 1729769586,
"kind": 1,
"tags": [],
"content": "So, if mstr has leveraged their Bitcoin, but they don't actually hold the keys to the Bitcoin, this is done by Coinbase. And if Coinbase has rehypothicated their Bitcoin. Then the entire structure is unstable and bound to collapse as any shitcoin will do. How long?",
"sig": "ccf6a214ab16a3b72668433bc611f445c4c809516a8f6cec179343bdc4593ddf635df71430f9bbab5c069c83df78f3d9cdd0716345945b0da50e9e41defefd14"
}
