TKay on Nostr: Not necessary, they have proof that they hold it. They can sign a contract and done. ...
Not necessary, they have proof that they hold it. They can sign a contract and done. They don’t need to give the coins to anyone.
Just like when you collateralize a piece of land. The bank doesn’t move the land. You sign a contract to give up the land if you can’t pay.
Same with the bitcoin. Albeit a bit riskier with Bitcoin, but nothing stopping a risk taking bank to accept the deal.
Published at
2024-09-04 00:40:15Event JSON
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"pubkey": "9cb3545c36940d9a2ef86d50d5c7a8fab90310cc898c4344bcfc4c822ff47bca",
"created_at": 1725410415,
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"content": "Not necessary, they have proof that they hold it. They can sign a contract and done. They don’t need to give the coins to anyone. \n\nJust like when you collateralize a piece of land. The bank doesn’t move the land. You sign a contract to give up the land if you can’t pay. \n\nSame with the bitcoin. Albeit a bit riskier with Bitcoin, but nothing stopping a risk taking bank to accept the deal.",
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