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A comment on Bitcoin Halving Just Occured. Parent comment

Re:Bitcoin Halving Just Occured by gruez on Monday May 11, 2020 @06:29PM (#23147904)
>Given this all-caps disclaimer, I wouldn't exactly be reassured that USDC would be worth anything in the event Coinbase went out of business:

But every line in the disclaimer are probably applicable to bond/USD ETFs as well, but people aren't exactly fleeing from those.

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Re:Bitcoin Halving Just Occured by ac29 on Monday May 11, 2020 @06:47PM (#23148058)
Bond holders have a certain legal right to claims on assets of a company that becomes insolvent - I'm not sure what legal rights USDC holders would have.

But either way, I think most people would not tend to view something like USDC as a bond (in which the bond holder is a creditor to the bond-issuing organization, with the associated risk-adjusted return on capital), but more like cash.

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Re:Bitcoin Halving Just Occured by GoblinSlayer on Tuesday May 12, 2020 @05:01AM (#23151925)
Should the assets of the company provide full backing of the bonds?
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