"physical delivery"
of a virtual asset...
we are well and truly down the rabbit hole now
of a virtual asset...
we are well and truly down the rabbit hole now
Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain.
The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another. The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).
Think morely bigly. One word: Yap.