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1/ In your time bestriding the narrow world like a Colossus, you might have heard the term, “bearer asset”. That would be an asset that you take physical possession of - cash or bullion, for example - an asset that is effectively owned by whoever has possession of it
2/ You can transfer it from A to B by just handing it over. Unlike money in the bank, it does not reply on or carry a promise from a third party.
Ownership is not registered, so that makes it vulnerable to theft or loss, but it also means, it is nobody else's liability.
Ownership is not registered, so that makes it vulnerable to theft or loss, but it also means, it is nobody else's liability.
