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friendzisyesterday at 5:04 PM1 replyview on HN

I have skimmed through the article and if I get the details through all the humor, satire and sarcasm even remotely correct, the major assets are actually the duality of payment obligations and residual value guarantees, both from meta. One could include cost overrun protection at the construction time too.

The "fire sale prices" would be so delicious as to guarantee that the entity(-ies) involved stay solvent as long as meta stays solvent.


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detourdogyesterday at 5:13 PM

My personal experience with LLC loans and banks is that the bank is using the assets as collateral and me as a backstop.

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