@ahcastor The irony of this statement is not lost on me. It was basically this house buying process coupled with terrible due diligence by bankers and rating agencies that brought the world economy within hours of collapsing in 2008, #Bitcoin was posited as a solution not long thereafter.
@Crypt0cracy @ahcastor Technically it’s “unrealised profit” that’s being used as collateral. Ultimately it’s just as real because you can utilise it in another transaction.
Given that a house or Bitcoin is a SoV, and not valuation of a synthetic contract, it’s likely more real than holding USD.
@GoodTexture @Frances_Coppola @JDSInvestments @ahcastor Nah https://t.co/FlM18n8vBh
@Frances_Coppola @JDSInvestments @ahcastor Nah