Roundup 10/28/22 (Bitcoin’s hashrate spike, Miner insolvencies, Lightning v Rollups) (EP.365)
On The Brink with Castle Island
Is the ASICS Going to Be the Worst Kind of Collateral?
As Bitcoin mining busts, lenders that are collateralized with ASICS lose money. Lender: "There's just no way those things are getting repaid" I'd be really surprised if we don't see a massive consolidation there," he says.
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