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> The only issue is being forced to come up with the initial funds to make the challenge, which isn't too hard to do. That fully depends on the person. Suppos
by matmann2001 7y ago
> The only issue is being forced to come up with the initial funds to make the challenge, which isn't too hard to do.
That fully depends on the person. Suppose I mined Bitcoin in college when it was still rather young and amassed a ton of BTC, but then lost my wallet at some point.
Many years later, BTC is worth a great deal more than when I was mining. Perhaps my wallet is now valued at tens (or hundreds) of thousands of dollars. Depending on my life scenario, I may not have that amount in liquid assets to put toward making the challenge.
- GeneralTspoon 7y agoIndeed, but it’s not hard to imagine that a service would exist to temporarily lend you that money for a percentage of the wallet value. And assuming the company is credible, you’d probably be happy to get 90% of that BTC back rather than nothing.
- pessimizer 7y agoYou would probably be happy to get 25% back, but you'd need to have collateral to get someone to go for it.