There are reasons why perhaps it's not fair to say this would happen with Bitcoin -- it's a lot easier to take custody of spot after all, and very little reason anyone might want to accept a BTC note in place of BTC. The idea that it'd ever trade at par seems pretty unlikely.
But I guess therein lies my disbelief that there'd be much reason to accept a bill of sale in exchange for spot Bitcoin. If interest rates were below 20% for any real size I'd be pretty surprised.
Cykros
npub1lc…63apw
2025-12-31 18:38:53 UTC
in reply to nevent1q…t7vs
Author Public Key
npub1lcetwt8hcd9gagdytu4e35ufykxek0elfvx8q3spugmgj9x0ev0q363apwSeen on
wss://relay.damus.ioPublished at
2025-12-31 18:38:53 UTCEvent JSON
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