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  1. vimothy

    COINBASE for Crypto has come

    let's say the terms of your loan are that you get dollars for your bitcoin. well, in that case they have to come from somewhere. nexo have to source them from the market.
  2. vimothy

    COINBASE for Crypto has come

    by definition
  3. vimothy

    COINBASE for Crypto has come

    yeah but we know that they have a need for dollars right
  4. vimothy

    COINBASE for Crypto has come

    it doesnt matter how risky their token is, the question is how risky is their funding
  5. vimothy

    COINBASE for Crypto has come

    that's a fixed outgoing
  6. vimothy

    COINBASE for Crypto has come

    but they have dollar liabilities
  7. vimothy

    COINBASE for Crypto has come

    nexo are obvs risky af. what's their risk capital look like? I dont think it would take a big crash to make them struggle if they're intermediating bw loads of assets
  8. vimothy

    COINBASE for Crypto has come

    so you think they're selling the loan on to raise dollars?
  9. vimothy

    COINBASE for Crypto has come

    bc if you're liabilities are fixed in dollars and your assets are collapsing in dollar value, that creates a problem
  10. vimothy

    COINBASE for Crypto has come

    whether the collateral they hold can be sold for dollars is irrelevant
  11. vimothy

    COINBASE for Crypto has come

    if they have dollars to lend, which you've said they have, then they must have come from somewhere
  12. vimothy

    COINBASE for Crypto has come

    who is lending them dollars?
  13. vimothy

    COINBASE for Crypto has come

    but look, if they have dollar liabilities then they're potentially screwed if crypto crashes
  14. vimothy

    COINBASE for Crypto has come

    not that many, wonder how many are in treasury
  15. vimothy

    COINBASE for Crypto has come

    nexo is cray
  16. vimothy

    COINBASE for Crypto has come

    do you know how many ppl work for them?
  17. vimothy

    COINBASE for Crypto has come

    they get paid in dollars, is that what your saying, sometimes?
  18. vimothy

    COINBASE for Crypto has come

    what does nexo's balance sheet look like?
  19. vimothy

    COINBASE for Crypto has come

    but where do they get the dollars from???
  20. vimothy

    Craner Explains What Happens Next

    @craner what happened to your avatar? did they get to you too?
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