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2026-10-14 14:13:46 UTC

jimmysong on Nostr: All these new securities that are supposedly Bitcoin-backed are a race to the bottom. ...

All these new securities that are supposedly Bitcoin-backed are a race to the bottom. If you have one equity that's doing well at 15%, then someone else will offer 16% and someone else will offer 17% and so on. I can't see this ending well.