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> For every asset there is a liability - even with cryptocurrencies.

I would think that bitcoin is no-ones liability? I mean, there are a bunch of bitcoins that you may or may not be able to sell someone with a price, but there is no-one who has any kind of legal or even moral obligation to give you anything in exchange of a bitcoin.



Liability will start once you start loaning them out to others and package the loans to other investors who them show them as assets to borrow something from someone else :).


Sure. But it is not the bitcoin that is the liability, it is the loan contract.




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