4 ms·
...but for individual instead of for institutional investors: > Turns out that B̶i̶t̶c̶o̶i̶n̶ a AAA-rated tranche of Alt-A mortgages wasn’t the store of value
by ItsMe000001 8y ago
...but for individual instead of for institutional investors:
> Turns out that B̶i̶t̶c̶o̶i̶n̶ a AAA-rated tranche of Alt-A mortgages wasn’t the store of value that coyote-math “proved” it was, to the detriment of i̶n̶d̶i̶v̶i̶d̶u̶a̶l̶ institutional investors who put a significant portion of their portfolio into these securities, and to the ruin of those who used leverage to acquire these securities.
- m3kw9 8y agoI think opensourced block chain implementation is way more transparent than the bundled derivative instruments the bankers made. The problem is that people will still invest in stuff like shit coins or use stuff like Tether where nothing is transparent