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Does tokenizing assets and commodities require any more trust than placing an online order with Amazon and expecting delivery? Tokenized commodities will become a significant economic force on the coming years. Those countries that manage this well will even see tokenized commodities compete with Bitcoin for use as medium of exchange and unit of account. Those countries that don't will have to rely on more trust less protocols like Bitcoin.

Alan ₿ 11mo ago

No “tokenization” needed. Just like there isn’t any tokenization needed with placing an order with Amazon.

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Discussion

Christopher Marshall 11mo ago

There is of you want to create currencies from baskets of commodities (flatcoins). I think those are destined to become units of account, which I don't think Bitcoin is useful for the until after the price stabilizes. And even then, bitcoin is one commodity among many. Would you be willing to hire someone for a fixed amount of Bitcoin as their yearly salary?

Alan ₿ 11mo ago

Commodities markets work just fine without any tokenization.

Christopher Marshall 11mo ago

They work just fine in terms of satisfying demand for commodities efficiently. They don't work just fine in terms of being usable as a form of money. Which they could if they were tokenized.