Yan at Swan
@skwp
co-founder & CTO @swan. Author Inventing Bitcoin. Shadowy Super Coder.
加入 December 2006
3.4K 正在关注 40.5K 粉丝
Great education on the financial system. And people say Bitcoin is complicated!
PRIVATE CREDIT didn’t eliminate credit risk after 2008.
It changed who sees the problem first.
Lenders know if borrowers are in trouble long before defaults or write-downs show up in the numbers everyone else can see.
Down the rabbit hole we go…
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