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0 sats \ 0 replies \ @HardMoney 13 Nov 2022 \ on: Thoughts on FTX Collapse: fiat incentives, shitcoin games, and counterparty risk bitcoin
Shitcoin's only use case is creating leverage using stupid as collateral which invariably results in cheap corn when the market tanks.
Nuke it all and rip the bandaid off. Black swans are good for bitcoin