Hacker News new | ask | show | jobs
by narrator 5034 days ago
Except anything with a low/bid ask spread becomes money and that comes with its own set of problems. What would happen if the DVD was sold back for more than it was bought for? It's the intersection of Banking + Copyright + Tax Law. The trifecta of screwball legal areas.
2 comments

Except anything with a low/bid ask spread becomes money

- can you explain that? threshold % of asset value?

You could solve some of that by making the buyback non-transferrable (so people couldn't use this as a money transfer mechanism).

Beyond that, any pointers to information on regulations about things with a low bid/ask spread?