/biz/ - Business & Finance

>>12329822
Oh wow more tokens. This will help with my current bags.

dx.Exchange for 2019 bulls will be what bitmex was for 2018 bears

No fucking way, BUY ETH NOW

>>12329835
>Oh wow more tokens
there's a very big difference between dividend-paying tokenized stocks and worthless utility tokens

boomers will loose as I can trade their shit via derivatives with leverage and 24h/day

>>12329822
https://medium.com/@ethereumfoundation/scaling-ethereum-with-erc-20-blue-ercb-in-2019-e5e58f5d986c

Yep, shit is getting real

>>12329822
Also I just realize that those stocks are going to be the first ones to crash in earnest when shit hits the fan so this is worthless in the long run.

>>12330074
Sweet. Just sent 100 ethereum. Gonna get 4x after the 16th. EASIEST MONEY OF MY LIFE.

>>12330096
>Tesla
>Crashing

Fuhrer Musk is 5 steps ahead at all times.

>>12329979
>worthless utility tokens

you know, I think tokenized stocks are a wonderful idea. Imagine being able to hold your very own share of TSLA or APPL. You can store it in a private wallet, send it to any financial website of your choosing, sell/buy it to and from anyone, anywhere in the world, all without the need of a centralized server handling every transaction.
But, if companies moved to a model of tokenzied stocks/assets, how exactly do you think that information will be delivered on-chain? You would need some form of reliable data inputs to properly execute a smart contract, and preferably multiple data inputs to ensure valid data delivery.

>>12329856
oh bobo

Jesus Christ, I can't think of more bullish news for Ethereum

>>12330074
SCAM
>>12330128
>how exactly do you think that information will be delivered on-chain
'that'? what information?

>>12330128
Stocks moving to the blockchain is a very complex shift that will take at least 5 years or so from now.

>>12330137
even according to bobo we will see 20k again lol

>>12329835
oh but there is only one to LINK *ahem* them all.

>>12330128
Vitalik will write some self generating oracle codes paid in gas next time he is taking a shit while playing with his phone. Problem solved.

>>12330122
>Tesla
>Musk
They're the idiots who fired him.

>>12330074
Nice just bought 100k

How can I see the crypto prices on the exchange? I don't want to pay 20$ right off the bat

>>12330192
All according to his plan.

>The secret of power is to own nothing but control everything.

Joe Rogan and his tweets were perfectly calculated.

>>12330164
stock/asset price will need to be continually updated. A smartcontract cannot execute without relevant information. How do you think that data will be delivered to a smart contract if companies switch to a method of tokenzied stocks/assets?
>>12330175
Stocks will not "be moved" onto the blockchain. Infrastructure required for that would be enormous and will take a lot longer then 5 years, and thats not even considering the massive scalability problem. Why not simply use a midddleman that can already connect to pre-existing legacy systems?
>>12330191
>self generating oracle codes
absolutely LOL

>>12330261
>stock/asset price will need to be continually updated
that's not what a tokenized stock is, it's exchangeable for real stock. There's no price to update.

>>12330261
Oh look. A tech illiterate link-tard. You're like a ex who can't get over their old partner moving on. Sirgay is gone and he's living off dividend gains. He has no plans for LINK because it's finished.

Buy rte before it's too late

>>12330261
not even worth 32mil little fella

>>12330285
>it's exchangeable for real stock.
FALSE!
You think the strength of this technology is creating an extra step to have some useless internet token that you can trade for a stock?
No friend, This technology can be used to represent an actual share of a stock, that can be traded directly for fiat. A complete autonomous stock market. Think big.
>>12330306
nice ad-hominem I can tell you know a lot about this technology and I appreciate the research you've done.

>>12330054
How loose are u sir

>>12330337
I can tell you never owned any stock in your life.
When you own a stock directly an entry in a company's registry of shareholders is updated. That's what it means to own stock.
The most used alternative is to have a layer of indirection - some other company is holding your stocks for you. Almost every retail investors owns stocks that way.
That's what a tokenized stock is - an iou to a stock held by the broker, exactly like in other existing brokers.

Theoretically there are also paper bearer's shares, but they are (sadly) illegal in most of the world due to 'money laundering' concerns.

At no point does the need to input prices comes into the process. Prices are needed for derivatives, not tokenized assets.

>>12330393
Traditional database systems are vastly inferior to Link though.

>>12330393
Payments of derivatives, yes, but you're missing a huge piece and thats settlements. I dont agree with the model that tokenized assets can be used to really change the landscape. They're rather boring. Having a "iou" as you describe it could find limited use, but I put a lot of emphasis on limited.

How could you convince a company to switch to a method of tokenized stocks? it would be a rather slow method compared to already existing centralized databases. If there is one huge advantage a decentralized system provides over a centralized one, its security. Think of how much money is lost every year to settlement fail. Millions? Billions? Maybe even Trillions? How exactly would a tokenized stock, whose main selling point would be added security is going to provide an extra layer of security? You're simply replacing a method of IOU with another method of IOU that has nothing to show for it except a fancy token you can transfer around.

Think big. Smart contracts will truly revolutionize this space.

>>12330393
These people never heard of DTCC

https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation

>>12330746
It cost a lot of money and is very labor intensive to reconcile all of that data.
You can completely automatize this process and streamline it using smart contracts.

>>12330723
I'm guessing a certain decentralized oracle network is needed to make this reality right?

>>12330927
You're goddamn right

>>12330927

How do we make money on this?

>>12331173
Contact the Link team and see if they will pay you to shill for them.

>>12329979
Listen to this anon.

>>12331173
Dude, right? I'm looking to get ahead of the curve here and I'm not sure what the move is.

>>12331293
Exactly. I’ve been in the game for a while, but just don’t really see how to play it. I picked up some rate3, slt, and chx but idk if that’s how to capitalize on this.

>>12329822
>2019
>FAANG stocks or Tesla

this idea is crazy to me, in a good way. if this works smoothly then someone creates an index fund smart contract that ties stock tokens together with dividend reinvesting... then someone creates a token backed my gold, etc. then you have another smart contract that combines the index fund with the precious metals or bonds or crypto etc.. i think my mind is exploding about the implications. fee-less finance is coming for the world.

>>12330179
The ahem goes before your emphasis you uncultured swine

>https://dx.exchange/
>music playing on load in 2019
>not gonna make it

>>12331368
I remember my “ah-ha!” Moment were it all just clicked for me. I was pacing back and forth and I couldn’t sit still.
Welcome, brother.

You guys do realize that they already have a middle man and don't need Link for this right? That's the whole business model.

>>12331368
>then someone creates a token backed my gold
Already exists, digix gold

>>12330191
SHUT THE FUCK UP $1000 END OF MY LIFE

LINKers have lost it.
Not everything offchain is connected to LINK.