what happens to the BTC in their wallets that they didn't lose? Liquidated to pay creditors 1c in the dollar?
with 63 million in debt, I imagine customers aren't first class debt holders either?
with 63 million in debt, I imagine customers aren't first class debt holders either?
it is still not clear if it is 63 million + 750k BTC in debt, or in total. If in total it is not clear how btc are valued.
I get what you're saying though, something along the lines of "if no government is behind it, it is inherently worthless".
I disagree, many commodities hold value even though our governments do not assign that value, instead it's their inherent value that is worth something.
To me and many others, a token that can be sent to anyone, be split into a million smaller parts, is not issued by the wills of a handful of men, that isn't forced on a population, is used of our own volition and limited in quantity deserves some inherent value.