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> For every asset there is a liability - even with cryptocurrencies. I would think that bitcoin is no-ones liability? I mean, there are a bunch of bitcoins tha
by beefield 9y ago
> For every asset there is a liability - even with cryptocurrencies.
I would think that bitcoin is no-ones liability? I mean, there are a bunch of bitcoins that you may or may not be able to sell someone with a price, but there is no-one who has any kind of legal or even moral obligation to give you anything in exchange of a bitcoin.
- option_greek 9y agoLiability will start once you start loaning them out to others and package the loans to other investors who them show them as assets to borrow something from someone else :).
- beefield 9y agoSure. But it is not the bitcoin that is the liability, it is the loan contract.