Re: What is the collateral behind Bitcoin?

Quote from: rolls89 on July 16, 2018, 12:52:52 PM

What is the collateral behind Bitcoin?Like in case of Fixed deposits Money deposited acts as a collateral.In case of a car loan Car acts as a collateral.Likewise what is collateral behind Bitcoin? BTCBTC

Zero. None. The system does not have collateral - https://en.wikipedia.org/wiki/Collateral_(finance) - because it isn't based on debt.

The Monetary System Visually Explained
- https://youtu.be/aXiNZWJKnVI

The parallel world we are living in is a debt based kleptocracy - https://en.wikipedia.org/wiki/Kleptocracy

...

However, if I had to give you a (bad) one word answer I would say 'Math'.