Undercollateralized lending on the blockchain! I don’t see how this could possibly go wrong.https://twitter.com/sudosym/status/1450474205460549639 …
Show this thread
If someone defaults we can simply Mint More Tokens to make the creditors whole.
-
-
ah yes, the Bitfinex Maneuver
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Love this very subtle reference to Modern Monetary Theory.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
“Both of these methods are likely to suffer from scalability issues, and require reliance on third-parties, not unlike legacy traditional financial systems.” >>> “The first verification method we will support will be using Twitter”
-
I’m shocked they didn’t skip to verify by nft
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.