But those are things that only exist in the crypto ecosystem. The counterparty r...

		lmm on Dec 5, 2024 \| parent \| context \| favorite \| on: Bitcoin is over $100k But those are things that only exist in the crypto ecosystem. The counterparty risk is all wrong-way. Like yes, I can sign a contract with Coinbase that says they will owe me a lot of money when Tether collapses. But when Tether collapses it's probably going to take Coinbase down with it.

That's what I'm saying. You can't collect the profits.