By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 25/07/2026Assets also devalue: a loan backed by bitcoin at $111,000 on the eve of Trump's election will be underwater today with bitcoin at $64,000. 23/ 1251
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 25/07/2026This devaluation can also occur when your house's value plummets because Elon Musk repeatedly bombs your neighborhood with flaming rocket debris, or when your Tesla's resale value collapses after Musk throws a string of Seig Heils on national television. 24/ 1372
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 25/07/2026The point being that risk mitigation is never risk *elimination*, but markets have a hard time distinguishing between the two. Partly that's because of risk *shifting*. 25/ 1261
