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/biz/ - Business & Finance

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55260270 No.55260270 [Reply] [Original]

"It's absolutely inevitable that all the value in the global financial system will be on a blockchain."

Please tell me this statement still holds water?

>> No.55260276
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55260276

This statement still holds water.

>> No.55260291
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55260291

>>55260270
yes and its already happening.
Look up Avalanche and Avalanche Subnets and a bunch of John Wu interviews on youtube.
also buy LINK because smart contracts and oracles are needed for all of this to work.

>> No.55260333

Yes water will be tokenized. Just have to figure out how and long it

>> No.55260371

>>55260270
What is it with you all wanting ot be held by women. Trust me. The moment she has to hold you is the moment she knows its over.

>> No.55260607

it doesnt make sense to tokenize real world assets because those tokens are just IOUs. financial and digital assets on the other hand...

>> No.55260632

>>55260371
this
its just a beta cuck fantasy wanting to be held by mommy whos long dead
any woman your age will do that once and immediatelly drop you for a better man

>> No.55260633
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55260633

>>55260371
I regularly have my woman hold me. Place my head on her boobies or in her lap, while she strokes my hair. I also claim little spoon most of the time. The fact that she is 5'1 makes it even better.

>> No.55260644

a fake solution to a problem that doesn't exist. Stick to financial games like options, derivatives, indices, etc. because there's no chance in your lifetime your consciousness will just be a shitcoin on a government fedchain

>> No.55260671

>>55260633
we know you are a cuck just from posting apu, no need for further proof

>> No.55260697

>>55260270
It's a nonsensical statement. It's logically impossible to "tokenize" physical assets without a centralized third party.

>> No.55260954

>>55260607
>>55260644
>>55260697
Lol. Lmao even.

>> No.55260995
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55260995

Yeah. Bond market will be tokenized in our future. As the old dinosaurs die out people will be attracted to some kind of settlement layer that clears in 30 minutes tops for the price of a big mac over waiting 2-5 days for it to settle via clearing houses. I think how that looks though is anybody's guess since I doubt a single platform today will be the one to do it

>> No.55261420

>>55260954
>real estate deeds are “tokenized” on the blockchain
>someone hacks my metamask wallet
>oh well guess he owns my house now
the very first time someone has this happen to them, and goes to court, and gets a judge to sign an order saying that actually the real, legal owner of the house is the guy who got hacked, not the one currently holding the NFT, the entire system is over.
the ledger should be subservient to the real world, not the other way around.

>> No.55261547

>>55261420
>the first time the king tells you he owns the land and not the guy actually working it the entire system is over
You have a very rosy outlook, given the system continually has people accidentally fall in and get ground to shit by its gears and society gives zero fucks about it

>> No.55261569

>>55261547
>hack the king’s iphone
>send yourself the nft that represents ownership of the crown
who will the castle guards obey when you both try to order them to arrest the other? They will obey the king and arrest you, proving that the blockchain token is essentially worthless and does *not* confer ownership of real property.