Bitcoin The Resurgence Of The Bearer Asset
Bitcoin The Resurgence Of The Bearer Asset Authored by Scott Hill via BombThrower.com, If you’ve seen the film “Die Hard” you’ll notice the villain is trying to steal strange assets called Bearer Bonds . Why did this entire asset class disappear from the modern financial landscape? Which properties of these long forgotten assets are important for the future the Crypto industry is trying to build? Why did governments around the world outlaw the Bearer Asset in the first place? History of the Bearer Asset Until the 1980s, bearer assets were very common. Bonds would be issued on paper and bondholders would present the instruments physically to receive payment. In fact the paper certificates would often have small tear off sections that were redeemable for interest payments. This record keeping mechanism is why we still call the interest payments from Bonds, “coupons”. In the pre-digital era assets could be represented in two ways: Registered instruments , where every owner was recorded in a centralized registry.
Bitcoin The Resurgence Of The Bearer Asset
Bitcoin The Resurgence Of The Bearer Asset Authored by Scott Hill via BombThrower.com, If you’ve seen the film “Die Hard” you’ll notice the villain is trying to steal strange assets called Bearer Bonds . Why did this entire asset class disappear from the modern financial landscape? Which properties of these long forgotten assets are important for the future the Crypto industry is trying to build? Why did governments around the world outlaw the Bearer Asset in the first place? History of the Bearer Asset Until the 1980s, bearer assets were very common. Bonds would be issued on paper and bondholders would present the instruments physically to receive payment. In fact the paper certificates would often have small tear off sections that were redeemable for interest payments. This record keeping mechanism is why we still call the interest payments from Bonds, “coupons”. In the pre-digital era assets could be represented in two ways: Registered instruments , where every owner was recorded in a centralized registry.