ChrisMartl on Nostr: nostr:note1x6fsleerk6v2ysseujpvm6s0dymyhvpxm4f0yrmynex59r4ywwtswxks6r

quoting note1x6f…ks6r

Pump the token you printed from thin air with only a billion of derivative open interest; create tens of billions of value.

It's relatively easy too, you have proprietary info on the only liquid spot and derivatives market it trades on at the time. Futures collateralized with stablecoins and the token itself, pump it.

+4,000% in one year. $100+ billion in market cap. Your share, a mirage worth nearly $50b, materializes a mere four years after the ICO. A treasure and a trap, you enable your users to collateralize against it. Encourage this, and of course encourage them to also keep buying, this thing won't simply just support itself.

How do you capitalize? Well, first off, do NOT sell anything, that'd be too risky, as there are no natural buyers in size, you are the market. Instead, think of other ways to leverage your near immortal levels of newfound wealth, where you won't damage the exchange rate. Your own platform enables this, of course.

Access to billions of dollars of fiat flows, an international banking network, and a stablecoin issued in your name—which you even manage to rehypothecate by the billion—gives you plenty of tools at your disposal.

Your biggest competitor, who attempted to mirror your model, goes down in flames, their bluff called, with the world watching. A win at first, you shortly realize the move backfires. Regulators start circling, a precedent has been set.

Fiat rails and banking relationships get cut. Your stablecoin is ordered to wind down, and jurisdiction by jurisdiction your platform is ordered to cease. Volatility and volumes dwindle, further thinning the air.

Depleted of fiat, with most of your wealth tied to a 'Hotel California' asset that you can never sell hanging above multi-year support, you do and say anything to keep the confidence game alive.