Replying to Avatar Toxic Bitcoiner

This is all pretty new. I’ve been around long enough to see many interactions on this “tokenized securities” play, so my gut reaction is that it’s a grift or just won’t work out. It’s uncertain if the chain not having its own native token makes the plan any more legitimate.
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Toxic Bitcoiner 1y ago

They make some fair points about how costly the legacy system is. But I wonder how much of that is regulatory bloat plus the overmonetization of stocks. If stocks lose their monetary premium and fall say 90-95%, then sure go play with them on a Bitcoin side chain. I don’t think the TAM for this is anywhere close to what they think it is in the long term. Short term, maybe a regulatory arb.

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Toxic Bitcoiner 1y ago

“Digital assets” is DEI/Affirmative action for government bureaucrats and marketing buzz for Wall Street firms. Busy work. Wheel spinning on something that’s mostly or entirely a grift.

What do you mean by “digital”? Are you saying that the map is the territory? If not, then why do you need a blockchain?