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So, what would have happened if bitcoin had crashed to $0? Creditors would have received nothing because there would have been no value left to distribute? Inst
by kolbe 9y ago
So, what would have happened if bitcoin had crashed to $0? Creditors would have received nothing because there would have been no value left to distribute? Instead he got a free "heads I win, tails you lose" exposure to bitcoin prices?
- colek42 9y agoThat is not my problem. He denied us the opportunity to cash out, or hold. If it had dropped to 0, I would expect a cash payment.
- kolbe 9y agoAnd would he have had the cash to pay you?
- Voloskaya 9y agoWell no. What he owes was based on the price of Bitcoin at the time not today. he owes the same amount in yen regardless of the price of Bitcoin.
- kolbe 9y agoRight, but he wouldn't have had any money to pay that amount in yen if the price had crashed, no?