The hard part typically is that you have some kind of outstanding debt and it’s anyone’s guess whether they will ever pay it back. That is why there are these r

The hard part typically is that you have some kind of outstanding debt and it’s anyone’s guess whether they will ever pay it back. That is why there are these risk valuations of creditworthiness. For instance in the mortgage crisis banks had loaned money to other banks considered ‘too big to fail’ and the loaners were very confident they would be paid back. But they didn’t and because the creditworthiness of the loaning banks was based on the practical guarantee the money would be paid back, the system collapsed. And then here you have a system where you can’t even say you own some value, all you know is you have a private key, some code that allows you to spend the value. There is no way to know if someone else doesn’t have the same code, or you could be hacked and have it copied or destroyed. It’s not clear cut at all.