Plain Text Nostr

<-- back to main feed

thread · root 36930fe7…7397 · depth 1 · · selected 36930fe7…7397

thread

root 36930fe7…7397 · depth 1 · · selected 36930fe7…7397

+- Dylan LeClair -- 975d -----------------------------------------------------------------------------------------[...]+
|                                                                                                                      |
| Pump the token you printed from thin air with only a billion of derivative open interest; create tens of billions of |
| value.                                                                                                               |
|                                                                                                                      |
| It's relatively easy too, you have proprietary info on the only liquid spot and derivatives market it trades on at   |
| the time. Futures collateralized with stablecoins and the token itself, pump it.                                     |
|                                                                                                                      |
| +4,000% in one year. $100+ billion in market cap. Your share, a mirage worth nearly $50b, materializes a mere four   |
| years after the ICO. A treasure and a trap, you enable your users to collateralize against it. Encourage this, and   |
| of course encourage them to also keep buying, this thing won't simply just support itself.                           |
|                                                                                                                      |
| How do you capitalize? Well, first off, do NOT sell anything, that'd be too risky, as there are no natural buyers in |
| size, you are the market. Instead, think of other ways to leverage your near immortal levels of newfound wealth,     |
| where you won't damage the exchange rate. Your own platform enables this, of course.                                 |
|                                                                                                                      |
| Access to billions of dollars of fiat flows, an international banking network, and a stablecoin issued in your       |
| name—which you even manage to rehypothecate by the billion—gives you plenty of tools at your disposal.               |
|                                                                                                                      |
| Your biggest competitor, who attempted to mirror your model, goes down in flames, their bluff called, with the world |
| watching. A win at first, you shortly realize the move backfires. Regulators start circling, a precedent has been    |
| set.                                                                                                                 |
|                                                                                                                      |
| Fiat rails and banking relationships get cut. Your stablecoin is ordered to wind down, and jurisdiction by           |
| jurisdiction your platform is ordered to cease. Volatility and volumes dwindle, further thinning the air.            |
|                                                                                                                      |
| Depleted of fiat, with most of your wealth tied to a 'Hotel California' asset that you can never sell hanging above  |
| multi-year support, you do and say anything to keep the confidence game alive.https://m.primal.net/HJqJ.png          |
| https://m.primal.net/HJqK.png https://m.primal.net/HJqL.png https://m.primal.net/HJqM.png                            |
|                                                                                                                      |
+-- reply ------------------------------------------------------------------------------------------------ [1 reply] ---+
ODELL -- 975d [parent] 
     we should rip a dispatch on binance
     
     https://m.primal.net/HJqR.png
     reply [1 reply]

Write a post

Sign in with a signing-capable method to publish.