The biggest mind bend you can give yourself here is that the difference between asset and liability is largely perspective only. Consider your deposit in a ban

The biggest mind bend you can give yourself here is that the difference between asset and liability is largely perspective only. Consider your deposit in a bank. It is, by definition an asset. However, it is also, by definition, recorded as a liability for the bank. They both lend against it, as an asset, and they are required to pay it back, as a liability. That is, yes. Code is a liability. This does not keep it from being an asset, as well.