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I think there is a very real chance that $MSTR, $STRC and adjacent products will be this cycles “risk free yield” ponzi sacrifice.
Last cycle we had many. When they were finally purged, $BTC healed.
I have seen many OG “BTC purists” become corporate shills for precisely the things they always warned against.
What happened to “not your keys not your coins”…? Now they are getting paid handsomely to tell you to let a publicly traded company hold BTC for you and ALSO you can get a risk free double digit yield… sorry but I don’t think so.
What they are doing is filled with hypocrisy. They stigmatize “shitcoiners” and dunk on every defi exploit while encouraging the ponzification of $BTC.
I love BTC. But I am truly worried by this digital credit push. And yes I understand how it works. I don’t think it’s feasible with how it’s currently being set up.