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0 sats \ 0 replies \ @TheBTCManual 12 Jan
I checked thor scan looks like theres around 500 BTC in their ecosystem, it looks like there would still be enough volume to print their shitcoin and bail themselves out but if the markets spooks, oef its tickets
But at 500 BTC size hardly a dent really so not much cheap sats, pity
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0 sats \ 2 replies \ @grayruby 11 Jan
Lets take a look into Coinbase next.
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40 sats \ 0 replies \ @User21000000 OP 11 Jan
Would be a 🤡 show behind that curtain
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40 sats \ 0 replies \ @Shugard 11 Jan
That will be fun! Or Binance!
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0 sats \ 0 replies \ @k00b 11 Jan
They share @MarediaShehzan X thread in this which is super concise and where I learned about it. Basically, when you give them bitcoin as collateral for a loan they sell it to buy their token, then when you payoff the loan, they sell their token and buy bitcoin.
At least as stated, if bitcoin is appreciating at a rate much greater than the token, it sounds like it'll inevitably explode.
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0 sats \ 1 reply \ @DarthCoin 11 Jan
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0 sats \ 0 replies \ @User21000000 OP 11 Jan
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