Are we assuming the collateral is held entirely by the bank? And you're saying that the bank can fork and decide not to repay the original bitcoin, but instead pay the "new bitcoin?"
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A bailout would imply forking bitcoin towards that utxo set with my rules.
Degeneration of the consensus rules, yes?
yeah, that would be my assumption that they will release the collateral on a new branch. so rugpull.
now I have more questions then answers. I've never actually thought about smart contracts if the parties are on different branches.
