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by ringaroundthetx 3135 days ago
And Vitalik is 1000 times more liquid than owners of private equity.

People need cryptocurrency to be illiquid for their peace of mind instead of just facing the reality that they made bad choices.

1 comments

People with $1.1B in "paper equity" have more avenues to acquire cash flow than simply selling their illiquid paper.
Yes, they can borrow against it.

In the crypto space the lending facilities are just getting started, SALT, the central bank of Mauritus and others will also provide fiat liquidity for cryptocurrency collateral.

I've always been curious: what are those ways?
Loans against their stock, the company selling bonds. But after cryptocurrency enters the traditional financial system (eg ETH futures), I'm sure he will be able to get loans against it without a problem.
Taking out debt using their equity as collateral is probably the most obvious.