/biz/ - Business & Finance

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Anonymous Wed Jun 22 07:07:57 2022 No.49889897 [Reply] [Original]

Some of these protocols collapsing only to get bail-out loans reminds me a lot of the traditional economy with companies getting bailed out by central banks and the government. Unrealistic returns promised to retail buyers, stacking leverage on leverage on overbought assets on an insitutional scale. Most recently that was BlockFi (a Celsius competitor) getting a $250 million loan from FTX. It ain't bussin bros, this shit will end badly. This is exactly what crypto was not supposed to be.

>>	Anonymous Wed Jun 22 07:10:41 2022 No.49889928 >>49889897 When maxis said that shitcoiners were just recreating the old fiat system they were not lying to you. They told you what you didn't want to hear. Look up the panic of 1907 and what that lead to next.

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