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Replying to Avatar Guy Swann

People don't realize that #Bitcoin can conquer a $100+ trillion market simply because of multisig and the unbreakable reliability of its settlement.

There is no collateral that can even come close to any of the 5 most important traits you want in a perfect collateral. Bitcoin destroys all of it.

- quick to exchange

- easy to verify

- easy & quick to liquidate at any time on any day

- cant be damaged, perfectly portable

- completely unmatched in mitigating trust and custody concerns

Literally nothing is even in the same ballpark.

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frphank 4mo ago đź’¬ 1

> liquidate

What's the meaning of that.

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Guy Swann 3mo ago

Redeem for the value of the loan if someone can’t repay. The “repossess” version of real estate except that it just repays the loan and what’s left over goes back to the borrower.

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