They are more transferable than not. Many companies allow people to gift their miles. I agree there aren't liquid marketplaces and easy ways to just send them like Venmo, but that doesn't mean they aren't transferable.
They're definitely transferable in some cases, and there are often secondary markets for these that don't require transfers at all. (e.g., use points to buy gift card that you then use or transfer to someone else in exchange for goods or money.)
Crypto per se isn’t an asset class, it’s merely a form, not a substance. It can anything: from currency, to debt, to security, to derivatives, and anything hybrid or in between. Similarly like paper can be used for banknotes, cheques, stock certificates, bonds, etc.
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Would credit card points, miles, etc. fall in the same bucket ("digital financial assets")?
Don’t think any of those things are transferable, so the question is moot. They’re not really assets the way crypto is.
They are more transferable than not. Many companies allow people to gift their miles. I agree there aren't liquid marketplaces and easy ways to just send them like Venmo, but that doesn't mean they aren't transferable.
They're definitely transferable in some cases, and there are often secondary markets for these that don't require transfers at all. (e.g., use points to buy gift card that you then use or transfer to someone else in exchange for goods or money.)
Crypto per se isn’t an asset class, it’s merely a form, not a substance. It can anything: from currency, to debt, to security, to derivatives, and anything hybrid or in between. Similarly like paper can be used for banknotes, cheques, stock certificates, bonds, etc.
I suspect the state of California probably won’t be too keen on transferring unknown debts to their accounts!
it's unenforceable anyway.
The way crypto lending works is u need to pledge an excess collateral in one token in order to get a loan in another token ;)