That's a good analogy.


What he's done, now that the 0% convert market has been exhausted, is just structured credit rebranded.

Can still go on since there's plenty of collateral to keep layering on tranches with greater seniority.

But there's no path to multiple expansion.
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fomo_fightervip
· 18h ago
trap a fox with empty hands
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RugPullSurvivorvip
· 18h ago
Dare to buy the dip like this?
View OriginalReply0
faded_wojak.ethvip
· 18h ago
Goodness, I've got it all figured out.
View OriginalReply0
PancakeFlippavip
· 18h ago
Another round of Be Played for Suckers trap?
View OriginalReply0
ZKProofstervip
· 19h ago
technically just another ponzi with extra steps smh
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