‼️ Bitcoin is a monetary system that exists OUTSIDE the current corrupt, broken, fraudulent one.
You cannot take Bitcoin, force it into the legacy financial system, pile on leverage, debt, custodians, paper claims and counterparty risk, then pretend you made Bitcoin better.
You didn't. You wrapped MONEY in garbage.
“Borrow against your Bitcoin.”
Leveraged products.
Paper Bitcoin.
Custodial IOUs.
Fractional claims.
Derivatives.
NONE OF THIS IS BITCOIN.
#Bitcoin is money.
The wrapper can fail. The leverage can unwind. The counterparty can disappear. The IOU can become worthless.
Bitcoin didn't fail. Your wrapper did.
Anyone who refuses to understand the difference will eventually learn it the brutal way.
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