Bitcoin L2s need to get crackin or eth will be here forever.
There’s no way we enter the future without complex rwa tokens, betting/stock markets and automatic loans, credits, inheritance, even web3 collectibles etc.
Or we need to build these systems without a token or bitcoin blockspace involved/required.
I’m convinced that tokenization / securitization will never be free and fair without Bitcoinization and I believe it can be done with stablecoins and low complexity settlement in Bitcoin.
My learning is that there’s more of an incentive problem rather than a tech problem for bringing forward a decentralized future.
Many of the existing TradFi ratings, legal, and credit infrastructure will be upgraded with bitcoinized RWA stocks, and markets for trading them.
There’s definitely a place for collectibles and I don’t think loans and unsecured credit will carry forward.
Bad take.
How do you anticipate stocks and paper contracts are handled in the future?
Hopefully in Bitcoin not on Bitcoin.
And I like the idea of cryptographic signatures but we don't need blockchains for everything, especially if you're going to need oracles and intermediaries anyways. Nostr is perfect.
If the brokers want to use Ethereum in the background, so be it, but I bet Google could do a better distributed network that doesn't need staking and gas fees.
So my last option stated.
Both ethereum and google are centralized solutions to contracts. I’m a bit puzzled why all the current centralized players like JPM etc are leaning into eth instead of building on google or whatever else, though.
Nostr would require storage/hosting costs, so I guess service providers would be taking the fee in bitcoin. People would need their own relay too in case the bank rugged, then would need to depend on the paper legal system to enforce. If this emerges as a real option I’m supportive— but nostr can’t even do a permanent jpeg yet.
I don't know that they're building anything to be honest. I think it's just waffle to appease shareholders.
Maybe there is an opportunity to do regulatory arbitrage in international markets, but how long before those loopholes get shit down?
I think nostr for contracts would be easy. You sign a contract and both save a copy. The docs don't need to be accessible by third parties all the time, so it would be a lot easier than doing social media I think.
