SLP311 @Big_Al256 #Bitcoin: Only The Strong Survive Al joins me to talk about: - what truly sets Bitcoin apart - DeFi: is it decentralised? - is it finance? - everything fights for liquidity - rehypothecation h/t to @allenf32 stephanlivera.com/episode/31…

10:52 PM · Oct 8, 2021

14
16
3
60
If I may add Bitcoin is a money category of ONE Fundamentally different from: Fiat,"crypto" & also the Gold standard Gold was part of a larger fiat system to which it was pegged Bitcoin is pegged to nothing It's a complete system anchored to reality by an Energy Bridge
0
0
0
4
The defi steelman could be something like: you have a casino which has limited number of chips. That casino has a game with a 5% PLAYER edge. Therefore, the chips have value of some kind? I dunno. thinking out loud
0
0
0
0
Replying to @stephanlivera
"we also happen to know of large volumes of SME loans currently being used to collateralize tranches for stablecoins", from OTSS. @Big_Al256 and @allenf32, can you provide more details on this? Wondering which stablecoin and what SMEs?
1
0
0
1
unfortunately not 🙁 - dont want to doxx/break the trust of where we heard this from as it was conveyed in an obviously confidential setting (although scarily as a boast rather than an admission. they didnt think there was anything wrong with this).
0
0
0
1