True yes, but but it's no longer an asset in the way that, people store their wealth in those as a store of value. That will no longer be a thing.

Reply to this note

Please Login to reply.

Discussion

I get what you’re saying. It will be the ultimate asset but not the only asset. If you’re a salon, then your assets will be the tools you use for work. Scissors, irons, shampoos, etc. If the business struggles or fails, those things will be sold off to repay any debts.

Ok, from from this perspective I agree. 🤙

On a bitcoin standard, those would be considered liabilities tho? Doesn't that make more sense?

No liabilities would be unpaid debts like a building lease