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Sufficient guarantees are just a contract. The result is the same either way if something goes wrong -- you take the counterparty to court.
by jdmichal 9y ago
Sufficient guarantees are just a contract. The result is the same either way if something goes wrong -- you take the counterparty to court.
- danmaz74 9y agoIn this case, by "sufficient guarantees" I meant the automation of exchanges, where you need to have collateral to trade on margin, and the lender is automatically repaid (unless something goes very wrong) without courts.
- jdmichal 9y agoSo then write a contract that requires collateral. This is what escrow exists for.