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@Momo dangerous rehypothecation incoming into the UK
got to fund the war machine anyway possible
Bitcoin printer go brrrrrrrrrrrrrrrr
What a condescending language hidden in their text!
Though I didn’t quite grasp their rehypothecation process. It’s gonna be through issuing paper crypto assets?
What you're saying is they're trying to fiatize crypto 🤣🤣🤣
I'll take "these dumb fucks will never get it" for 1000, Alex.
In clearer terms, ETNs are backed by nothing!
Some of us are dumb f**ks
Exchange Traded Nothing!
YES
Yes, this 👆
Poor bastard.
I just learned, thanks to @mike , that ETNs are like ETF, just that they are backed by nothing!
Beautiful, innit?
nevent1qqswwzh2kklrna9d022zr0eyrm3dv770pg5xu3dh975e3h97tvd3uscpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9u2t7jrz
They're celebrating on X 🥹
RAIN ON THEIR PARADE!
Tenor
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I posted the ETN summary, I can do no more 🥹
There’s me thinking they might be the UK’s equivalent of ETFs 🙄 But no, literally backed by nothing.
YES