RE: A Look At El Salvador's Volcano Bond
People seem to think the world suffers from too much debt but the reality is that is suffers from too little high quality collateral. We saw in the GFC, that which was deemed as such turned out not to be.
Could Bitcoin be the collateral that adds more pristine collateral to the system. Bonds like this are effectively backed by BTC, at least in part.
Another thing, I dont know the capture and conversion efficiency of El Salvador of all those volcanos but I would redo all their existing debt by issuing energy bonds based upon the output there. Hell, a volcano can go hundreds of years churning out energy.
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