Can you walk me through 5 different use case situations?
Well, I've really already done this, but I'll do it again with a touch more detail. If you want something more than what I am presenting, you will have to ask specific questions, because it's really rather simple.
Ok, let's say that company stocks are used as a store of value. Let's further say that every stock in a company is tied to an NFT, making it unique, and it's transfer secure. Let's say that such a transfer is as simple as a phone app.
Now you go to the store, you want to buy groceries. You and the store look up the current relative value of the stock, and you transfer however much of your stocks is determined to be an equivalent value to the groceries to the grocers stock account.
Done.
It is as easy as it currently is, but you have traded something you value, something that (presumably) pays you dividends. Something that everyone values (dividend paying stocks), for something else everyone values, food in this case, and the grocer has done the same.
Now let's say that you don't have any stock, but you have some silver in your pocket. Now you want to buy groceries. You go to the grocery store and, since silver has real value, you again both look up how much silver is "worth" and decide on an "equivalence" transfer. How exactly we determine relative value is uncertain, but it could be as simple as having a "standard candle" by which everything is measured against. This can be problematic, because supply and demand could cause day to day shifts in everything, but if you use something like gold, it will remain stable enough on a daily basis that any shift will be meaningless compared to our current "inflation".
I don't know if such a standard is really the best way, but it's not a bad place to start.
Now let's say that all you have is apples. Trading them with the grocer is a good idea, since they like apples pretty much all the time. What do you want to trade your apples for? They have stocks, they could give you some. Then it's as simple as it is today, except your stocks are actually worth something, real value (dividends and production). They have silver, so you could trade them for silver, again, something that has real value. But maybe you just want eggs, so instead you see if they will trade them for eggs. You might have to do a little haggling for the eggs, but that's OK, it's a good skill to have. Maybe you don't want to take the time to haggle, because you think being an "efficiency expert" is a better way to live. In such a case you might just want to take the easy way, and go for silver or stock, then go buy eggs with silver or stock.
It's not a complicated system. It's really quite simple really. It's just a transition to an appreciation that many things have value, and can be traded. The actual act or art of trade can be as simple or as complex as a person wants it to be, just like it was for countless thousands of years before we were seduced by Babylonian Money Magic, which ended up enslaving the world.
Can you walk me through 5 different use case situations?
Well, I've really already done this, but I'll do it again with a touch more detail. If you want something more than what I am presenting, you will have to ask specific questions, because it's really rather simple.
Ok, let's say that company stocks are used as a store of value. Let's further say that every stock in a company is tied to an NFT, making it unique, and it's transfer secure. Let's say that such a transfer is as simple as a phone app.
Now you go to the store, you want to buy groceries. You and the store look up the current relative value of the stock, and you transfer however much of your stocks is determined to be an equivalent value to the groceries to the grocers stock account.
Done.
It is as easy as it currently is, but you have traded something you value, something that (presumably) pays you dividends. Something that everyone values (dividend paying stocks), for something else everyone values, food in this case, and the grocer has done the same.
Now let's say that you don't have any stock, but you have some silver in your pocket. Now you want to buy groceries. You go to the grocery store and, since silver has real value, you again both look up how much silver is "worth" and decide on an "equivalence" transfer. How exactly we determine relative value is uncertain, but it could be as simple as having a "standard candle" by which everything is measured against. This can be problematic, because supply and demand could cause day to day shifts in everything, but if you use something like gold, it will remain stable enough on a daily basis that any shift will be meaningless compared to our current "inflation".
I don't know if such a standard is really the best way, but it's not a bad place to start.
Now let's say that all you have is apples. Trading them with the grocer is a good idea, since they like apples pretty much all the time. What do you want to trade your apples for? They have stocks, they could give you some. Then it's as simple as it is today, except your stocks are actually worth something, real value (dividends and production). They have silver, so you could trade them for silver, again, something that has real value. But maybe you just want eggs, so instead you see if they will trade them for eggs. You might have to do a little haggling for the eggs, but that's OK, it's a good skill to have. Maybe you don't want to take the time to haggle, because you think being an "efficiency expert" is a better way to live. In such a case you might just want to take the easy way, and go for silver or stock, then go buy eggs with silver or stock.
It's not a complicated system. It's really quite simple really. It's just a transition to an appreciation that things have value, and can be traded. The actual act or art of trade can be as simple or as complex as a person wants it to be, just like it was for countless thousands of years before we were seduced by Babylonian Money Magic, which ended up enslaving the world.
Can you walk me through 5 different use case situations?
Well, I've really already done this, but I'll do it again with a touch more detail. If you want something more than what I am presenting, you will have to ask specific questions, because it's really rather simple.
Ok, let's say that company stocks are used as a store of value. Let's further say that every stock in a company is tied to an NFT, making it unique, and it's transfer secure. Let's say that such a transfer is as simple as a phone app.
Now you go to the store, you want to buy groceries. You and the store look up the current relative value of the stock, and you transfer however much of your stocks is determined to be an equivalent value to the groceries to the grocers stock account.
Done.
It is as easy as it currently is, but you have traded something you value, something that (presumably) pays you dividends. Something that everyone values (dividend paying stocks), for something else everyone values, food in this case, and the grocer has done the same.
Now let's say that you don't have any stock, but you have some silver in your pocket. Now you want to buy groceries. You go to the grocery store and, since silver has real value, you again both look up how much silver is "worth" and decide on an "equivalence" transfer. How exactly we determine relative value is uncertain, but it could be as simple as having a "standard candle" by which everything is measured against. This can be problematic, because supply and demand could cause day to day shifts in everything, but if you use something like gold, it will remain stable enough on a daily basis that any shift will be meaningless compared to our current "inflation".
I don't know if such a standard is really the best way, but it's not a bad place to start.
Now let's say that all you have is apples. Trading them with the grocer is a good idea, since they like apples pretty much all the time. What do you want to trade your apples for? They have stocks, they could give you some. Then it's as simple as it is today, except your stocks are actually worth something, real value (dividends and production). They have silver, so you could trade them for silver, again, something that has real value. But maybe you just want eggs, so instead you see if they will trade them for eggs. You might have to do a little haggling for the eggs, but that's OK, it's a good skill to have. Maybe you don't want to take the time, because you think being an "efficiency expert" is a better way to live. In such a case you might just want to take the easy way, and go for silver or stock, then go buy eggs with silver or stock.
It's not a complicated system. It's really quite simple really. It's just a transition to an appreciation that things have value, and can be traded. The actual act or art of trade can be as simple or as complex as a person wants it to be, just like it was for countless thousands of years before we were seduced by Babylonian Money Magic, which ended up enslaving the world.
Can you walk me through 5 different use case situations?
Well, I've really already done this, but I'll do it again with a touch more detail. If you want something more than what I am presenting, you will have to ask specific questions, because it's really rather simple.
Ok, let's say that company stocks are used as a store of value. Let's further say that every stock in a company is tied to an NFT, making it unique, and it's transfer secure. Let's say that such a transfer is as simple as a phone app.
Now you go to the store, you want to buy groceries. You and the store look up the current relative value of the stock, and you transfer however much of your stocks is determined to be an equivalent value to the groceries to the grocers stock account.
Done.
It is as easy as it currently is, but you have traded something you value, something that (presumably) pays you dividends. Something that everyone values (dividend paying stocks), for something else everyone values, food in this case, and the grocer has done the same.
Now let's say that you don't have any stock, but you have some silver in your pocket. Now you want to buy groceries. You go to the grocery store and, since silver has real value, you again both look up how much silver is "worth" and decide on an "equivalence" transfer. How exactly we determine relative value is uncertain, but it could be as simple as having a "standard candle" by which everything is measured against. This can be problematic, because supply and demand could cause day to day shifts in everything, but if you use something like gold, it will remain stable enough on a daily basis that any shift will be, compared to our current "inflation" seem meaningless.
I don't know if such a standard is really the best way, but it's not a bad place to start.
Now let's say that all you have is apples. Trading them with the grocer is a good idea, since they like apples pretty much all the time. What do you want to trade your apples for? They have stocks, they could give you some. Then it's as simple as it is today, except your stocks are actually worth something, real value (dividends and production). They have silver, so you could trade them for silver, again, something that has real value. But maybe you just want eggs, so instead you see if they will trade them for eggs. You might have to do a little haggling for the eggs, but that's OK, it's a good skill to have. Maybe you don't want to take the time, because you think being an "efficiency expert" is a better way to live. In such a case you might just want to take the easy way, and go for silver or stock, then go buy eggs with silver or stock.
It's not a complicated system. It's really quite simple really. It's just a transition to an appreciation that things have value, and can be traded. The actual act or art of trade can be as simple or as complex as a person wants it to be, just like it was for countless thousands of years before we were seduced by Babylonian Money Magic, which ended up enslaving the world.