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Except anything with a low/bid ask spread becomes money and that comes with its own set of problems. What would happen if the DVD was sold back for more than i
by narrator 14y ago
Except anything with a low/bid ask spread becomes money and that comes with its own set of problems. What would happen if the DVD was sold back for more than it was bought for? It's the intersection of Banking + Copyright + Tax Law. The trifecta of screwball legal areas.
- JoshTriplett 14y agoYou could solve some of that by making the buyback non-transferrable (so people couldn't use this as a money transfer mechanism). Beyond that, any pointers to information on regulations about things with a low bid/ask spread?
- 001sky 14y agoExcept anything with a low/bid ask spread becomes money - can you explain that? threshold % of asset value?