The Moral Hazards of Bitcoin

When you real estate COVID it was going to change its trajectory and we're breaking down like how after he tits up everything goes. It made me realize this is why there's so much moral hazard baked into There's more hard has baked in the products because we know real estate. We know some form of BTFP pensions also have large exposure commercial real estate They owe you know capital to people retired. So that's gonna be have to be made whole by somebody But I think this is what makes it so hard to explain Bitcoin Especially when it comes to the financial products and how you actually Secure.