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Comment by tgsovlerkhgsel

3 months ago

To me it reads like the article intentionally pretends two major risks (force majeure and datacenter demand collapse) don't exist, by quipping that "rating agencies historically treat as theoretical inconveniences rather than recurring features of the physical world" for the former and explicitly saying they ignored it for "methodological convenience" for the latter.

If those have been offloaded to the LLC, wouldn't that be a pretty key difference?