The world's youngest self-made billionaire

Re:The world's youngest self-made billionaire by ringaroundthetx on Monday November 20, 2017 @08:18PM (#15744822)

And Vitalik is 1000 times more liquid than owners of private equity.

People need cryptocurrency to be illiquid for their peace of mind instead of just facing the reality that they made bad choices.

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Re:The world's youngest self-made billionaire by sidlls on Monday November 20, 2017 @08:27PM (#15744851)

People with $1.1B in "paper equity" have more avenues to acquire cash flow than simply selling their illiquid paper.

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Re:The world's youngest self-made billionaire by ringaroundthetx on Monday November 20, 2017 @08:59PM (#15744973)

Yes, they can borrow against it.

In the crypto space the lending facilities are just getting started, SALT, the central bank of Mauritus and others will also provide fiat liquidity for cryptocurrency collateral.

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Re:The world's youngest self-made billionaire by mlevental on Monday November 20, 2017 @08:47PM (#15744933)

I've always been curious: what are those ways?

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Re:The world's youngest self-made billionaire by unabridged on Monday November 20, 2017 @09:01PM (#15744988)

Loans against their stock, the company selling bonds. But after cryptocurrency enters the traditional financial system (eg ETH futures), I'm sure he will be able to get loans against it without a problem.

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Re:The world's youngest self-made billionaire by kornish on Monday November 20, 2017 @08:59PM (#15744974)

Taking out debt using their equity as collateral is probably the most obvious.

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