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And Vitalik is 1000 times more liquid than owners of private equity. People need cryptocurrency to be illiquid for their peace of mind instead of just facing t
by ringaroundthetx 9y ago
And Vitalik is 1000 times more liquid than owners of private equity.
People need cryptocurrency to be illiquid for their peace of mind instead of just facing the reality that they made bad choices.
- sidlls 9y agoPeople with $1.1B in "paper equity" have more avenues to acquire cash flow than simply selling their illiquid paper.
- mlevental 9y agoI've always been curious: what are those ways?
- kornish 9y agoTaking out debt using their equity as collateral is probably the most obvious.
- unabridged 9y agoLoans against their stock, the company selling bonds. But after cryptocurrency enters the traditional financial system (eg ETH futures), I'm sure he will be able to get loans against it without a problem.
- ringaroundthetx 9y agoYes, they can borrow against it. In the crypto space the lending facilities are just getting started, SALT, the central bank of Mauritus and others will also provide fiat liquidity for cryptocurrency collateral.