GME was rehypothecated, which is a fancy way of saying that brokerages lent out shares of GME that didn’t exist. Hence why the short interest was above 100%. This is what happens when you trust a third party. Bitcoin doesn’t require a trusted third party.

GME was rehypothecated, which is a fancy way of saying that brokerages lent out shares of GME that didn’t exist. Hence why the short interest was above 100%.

This is what happens when you trust a third party. #Bitcoin doesn’t require a trusted third party.

Source

Tagged : /
Bitcoin (BTC) $ 37,682.10 0.10%
Ethereum (ETH) $ 2,035.77 0.58%
Litecoin (LTC) $ 69.42 0.25%
Bitcoin Cash (BCH) $ 222.41 0.49%