Learning Web3 stuff from watching Douyin in China is hilarious. This teacher says a steel mill sold goods to A, but A didn't pay until six months later. So, can they use this receivable to issue a Receivable Warranty Account (RWA)?
He even tells everyone to set up a special purpose vehicle (SPV) to transfer the receivables? And then issue an offshore RWA in Hong Kong.
I don't even know how much steel this steel mill sold... They're going to spend millions to issue a discounted RWA.
Doesn't he know about ABS?
This is outrageous. The more I read, the more angry I get. I really want to learn more about Web2.