Going well so far.
Just want to thank my 7 year internship with @Logan_JH1 for the ability to make these kinds of calls.
I don't have the Master's precise, to the minute timing, but working on it. twitter.com/coloradotravis…
@PHfloor We hand roll them from the eyes of the fallen.
@tobysharp The overcollateralization thing is nonsense.
None of the values have been underwriten in a meaningful way.
It’s functionally unsecured lending.
@deepakbedi26 We shall see.
I still like it, but it could get choppy it's crazy out there.
The Bourne Prayer™
Please let me be successful enough to be able to turn down any offers to be the face of MLM schemes right before they vaporize.
I think there's a reasonable chance it goes to (functionally) zero, but of course wish everyone the best of luck.
@USDC_Simon The more you feel the pain the more it'll help with forward decision making.
Tho as someone just mentioned to me in DMs — quite excited to see what the big crypto players do with the Super Bowl ad time they bought.
The whole "fortune favors the brave" seems like a weird angle after having lost half of one's fortune by being too brave.
@omarfguzman Yes, that's exactly what's happening.
Hence why I'm such a prick about it — very distasteful stuff.
Laser eyes kinda got a weird mullet vibe rn.
@reno4242 I dunno man this whole thing is such a mess.
Gun to my head I think everything gets hit.
@tobysharp Tell me you don't have money in these things, because if so you should really know lol.
I don't have the bandwidth to walk it all out here.
There's a lot of discussion on it for those interested, here's some:
@tobysharp I'm not sure what the confusing bit is (not snark).
@ZeMirch @Watson_GB The entire space is co-contagious.
Those are not idiosyncratic risks, they're systemic.
@bubblementality @Watson_GB So look, I'm on this new year kick and trying to make the comments in my posts higher value.
I wish you the best of luck with your ponzi investing (per your bi0), but I think this is the end of the road for us.
Fare thee well.
@ZeMirch @Watson_GB That depends entirely on which lending scheme you’re in.
The fine print (if it’s even in a jurisdiction stable enough to lend it credence) is wildly different across different providers.
@BTCAnalytics Let assets fall.
They will eventually, and anything we do only prolongs and worsens the inevitable.