yashg
Joined 15 years ago
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Joined 15 years ago
Think of it this way - if there was no one to buy the gold from you, would you still buy the gold? Answer is yes. Many people all over the world would buy gold even if they could never resell it. The same can't be said about magic internet tokens. They have no inherent utility apart from the hope that a bigger fool will buy it from you at a higher price in future.
Also when we borrow money to buy the car, the hypothecation is recorded on car's registration certificate and ownership records. When the loan is repaid, we have to get it removed by submitting closure documents to authorities.
So like a property transaction, change of title also needs to be recorded in official records.
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