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How are the bondholders paid back?
Good point!
Note- 'the expectation and fundamental premise these people are working upon is that Bitcoin price relative to fiat will continue to rise.'
As long as BTC price is still rising (or even if it isn't) - guess the plan is to issue more bonds, and eternally roll over the debt bomb?
Same way the US government uses USTs!
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7 sats \ 0 replies \ @000w2 22h
They are paid in new shares
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