3 ms·
Interesting point, thanks. I wonder how one would settle a short if the network effectively ceases to exist, or at least ceases to exist as a single, well-defin
by tom_mellior 6y ago
Interesting point, thanks. I wonder how one would settle a short if the network effectively ceases to exist, or at least ceases to exist as a single, well-defined chain that everybody can agree on. If you short the New York stock exchange, then blow up the building, do you win? :-)
- DenisM 6y agoIf you short bitcoin-based ETFs on NYSE and Bitcoin subsequently tanks the value of the ETF goes to zero and you walk away with your proceeds from the original sale and with no obligation to give the original ETF back. There is no counter-party risk in a short sale for the seller.