toxicbitcoiner on Nostr: Alex Mashinsky, former CEO of Celsius, famously said that self custody was more risky ...

Alex Mashinsky, former CEO of Celsius, famously said that self custody was more risky than using a custodian. He offered yield as a custodian and blew up. He’s now imprisoned for 12 years.

So when there a “cluster” of people all saying things like that and offering custodial yield, I’d call that the “Mashinsky Moment”, which could be used instead of the Minsky Moment. https://en.m.wikipedia.org/wiki/Minsky_moment