If you think of the Bitcoin system itself as the issuer, the system itself promises to accept transaction fees -- ostensibly a bounty on verifying the transacti

If you think of the Bitcoin system itself as the issuer, the system itself promises to accept transaction fees -- ostensibly a bounty on verifying the transaction. So BTC are a liability of the Bitcoin system. QED. Thus, instead of a debt-based economy, it will be a verification based economy.. which is a little funky, and I don't know if there are models for it yet. /mostly-tongue-in-cheek