re: bitcoin backed loans discussion
imagine you want a house and you take a loan/morgage against your bitcoin.
then suits decide to fork. now your collateral is useless and only sane action is to not repay.
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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?"
A bailout would imply forking bitcoin towards that utxo set with my rules.
yeah, that would be my assumption that they will release the collateral on a new branch. so rugpull.