[dnautics]

> With bitcoin there is no possibility of default

Nobody is stopping you from writing an off-chain loan that defaults, by trampolining back to meatspace trust models for the debt obligation. Sure the effects are likely to be much more contained, but to say there is no possibility of default is not accurate.

[jayd16]

Agreed. Its a ludicrous claim. Bitcoin manages ownership of coin, not debt. There's absolutely nothing about bitcoin that stops over exposure. Even if you have the coin reserves, there's nothing showing other loans you've taken so even if the coin is in your wallet, that doesn't prove no one else has a claim to that coin.

[bittcto]

I love that you called a claim I didn't make ludicrous. I thin that strawman is murdered.