Win / GreatAwakening
GreatAwakening
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Reason: None provided.

Well, stocks are easy. Stocks can be linked to crypto and traded directly and securely. With non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).

For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).

This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.

As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.

How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.

2 years ago
1 score
Reason: Original

Well, stocks are easy. Stocks can be linked to crypto and traded directly, securely, and with non fungable tokens (NFTs), ownership is 100% directly in the hands of the owner, all done without a middleman/broker/bank/etc.. A "Stock market" would then just be some forum or place of listing where someone wants to trade, say, some amount of GM stock for some amount of Ford stock, or for some other physical or cyber asset, even art can be on NFT (in fact art and collectibles are perfectly suited to NFTs).

For precious metals (or any other physical asset) there would need to be an infrastructure (possible public owned?) that would store physical assets and issue a crypto tied to a specific amount of that stored physical asset. If someone wanted to withdraw that physical asset, the crypto would be destroyed (or its link destroyed) and the physical asset would be handed out to the previous owner of the crypto. That works great for PMs since the infrastructure is mostly already there in the form of Banks (which as we know them now will be completely defunct).

This can be done for any asset for which a trading and storing infrastructure can be created. In a way, that type of infrastructure exists in the form of Amazon, with its distribution centers all over the place. Something similar could be done for many assets, even temporary ones (grains e.g.). Not sure about the viability of that, but its at least theoretically possible.

As for real estate? Not sure. I mean you can tie anything to an NFT. And NFT is like a crypto but it has a unique identifier. So the owner of an NFT that is tied to a specific asset like real estate is the owner of that property. Transfer would be as simple as transferring the NFT. You could trade your GM stock for a piece of property for example by trading the GM NFTs for the real estate NFT. All stored digitally, transferred instantly, no middle man. No banks getting a cut. No government spying on the transaction (maybe). Ownership is undeniable as the owner of the NFT.

How secure is it? I'm not sure, but I know that's a big part of it. I need to do some more research into the technology itself, but it holds great promise as an infrastructure.

2 years ago
1 score