@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.

@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.

Source

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