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200 sats \ 5 replies \ @DarthCoin 10h \ on: How and why would bitcoin treasury companies become neobanks? bitcoin
I've said that long time ago and multiple times here on SN and also provided the video in which Saylor mention that specifically.
- on July 2021: https://telegra.ph/LendingBorrowing-in-a-Bitcoin-world-07-05
- on Dec 2022: #105268
and here is the video:
I remember first listening to Saylor and he would describe how rich people never sell their assets, they borrow against them as collateral to pay their expenses.
When Saylor and his insider friends began selling mstr (they're still at it https://www.marketbeat.com/stocks/NASDAQ/MSTR/insider-trades/ ), it became obvious that they knew mstr wasn't an asset.
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rich people never sell their assets, they borrow against them as collateral to pay their expenses.
100% explanation for fractional reserve hahahaha
and clueless people still fall for this trap.
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