STRC works flawlessly at a small scale, in a controlled enviroment, under favorable market conditions. But almost nobody is acknowledging the long term risks if the bitcoin price stays depressed for a prolonged period of time, if the STRC liabilities grow too large, and Saylor doesn't have the on-hand capital to reduce the supply. When I bring this up to STRC shills, they always say something along the lines of "If you aren't bullish on bitcoin, then don't buy STRC" Fine. But here lies in the problem: you have these grifters now making stablecoins backed by STRC, pretending it's a rock solid foundation, gaslighting the public about the risks involved.... and @Saylor has been actively promoting these stablecoins as "money" 🤦

@HODLingOnward @GhostofWhitman It's kind of like Luna. Obvious scam. But it was able to grow so large so fast because it paid 20% APY. You raise the yield high enough, a near infinite amount of degens capital will come. But at what cost?