And who will abitrate the collateral? While it's smart wallets and crypto curren... | Hacker News

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sleepychu on Jan 26, 2018 | parent | context | favorite | on: Tokyo-based cryptocurrency exchange hacked, losing...

And who will abitrate the collateral? While it's smart wallets and crypto currency it can be enforced by cryptographic proof but when the collateral is USD then it's going to have to exist somewhere.

Daishiman on Jan 27, 2018 [–]

And you're likely to sue the shit out of someone if there's a bug in the encoded contract or it turns out there's no collateral because blockchain.

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