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Yes, in your carefully crafted hypothetical where a billion dollar company goes out of business tomorrow, it means that company can't make payments tomorrow. W
by bduerst 9y ago
Yes, in your carefully crafted hypothetical where a billion dollar company goes out of business tomorrow, it means that company can't make payments tomorrow. What about nuclear winter? Dissolution of the U.S.? Alien invasions? We need account for these hypotheticals too when discussing the validity of payments.
- DINKDINK 9y agoThe delay event(bankruptcy, Visa’s servers go down for an hour) is meaningless. The point of debate is “Is the payment settled?”. To which the answer is a simple “no”.
- deleted 9y ago[deleted]