Bitcoin Poem 109
Counterparty Risk (Problems/Solutions 27)
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Counterparty Risk (Bitcoin Poem 109)
Most assets have counterparty risk,
Which is the risk that the other party
In an investment or contract may not
Fulfill their obligation, resulting in loss.
All stocks, bonds, and other securities
Contain counterparty risk in many forms
Therefore
We need a bearer asset with absolutely
No counterparty risk in order to remain
Secure in our wealth and our freedom.
Bitcoin is the asset with this property
Of no counterparty risk, but sovereign
Ownership secured by private keys
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