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Except a shell company does generally have assets, IP and so on, when there is a bankruptcy, there is a chance the shareholders get something out of it. Also, F
by ama729 13y ago
Except a shell company does generally have assets, IP and so on, when there is a bankruptcy, there is a chance the shareholders get something out of it. Also, Fiat money has the government (and well, the bank notes are worth at least something on ebay :)).
Bitcoin on the other hand, by design, has NO backing, if the system tank, you wont be able to get anything out of it.
Thus she's correct on that point, whether or not it's important.
- userulluipeste 13y ago"Except a shell company does generally have assets, IP and so on, when there is a bankruptcy, there is a chance the shareholders get something out of it." As far as I know (and I'm aware I don't that much), a bankruptcy means zero value left for the (ante-bankruptcy) owners. Whoever steps in has to (only) put in some value, like the government paying/writing off unsolvable debts, or the next owner that has to effectively buy the bankrupt entity from the government. Am I wrong?