This is good for btc too. Everything will be 24/7 interoperable
Discussion
Banks will be 24/7 too . They will have to be to compete
Yep, change is coming fast
Everything is good for bitty. I don’t understand too well the concept of tokens but then again I won’t be involved in it
In this context, it would basically be a digital copy of the bearer stock certificates we had in the past. So, we would be removing third-party custodians for securities.
That would mean anyone and everyone can own a stock aka token of any company?
In theory.
In practice they may put restrictions and AML/KYC red tape. I think we are a long way (5-10yrs) from making that move, but it’s definitely coming.
That’s cool. Let’s say I have a kickass lemonade biz and need cash to expand, instead of going around and courting investors, I can go around and make some good ads on social media and sell my tokens. Basically like micro investments but on steroids lol
Yeah, Saylor talked about it. $Rogan coin as he says haha
Basically, modernize the way people can raise capital and make it much cheaper.
I can see a shit ton of scams about to happen lol hope they understand that what’s about to be unleashed lol
I can also see a ton of friction with foreign investors and foreign companies. Overall a good decision to modernize tbh
Yeah there are kinks to work out to prevent those things. Proper disclosures need to be made. We can keep that part and use the new tech to make it more efficient and accesible
Sounds exciting for entrepreneurs and new biz. Usually there’s a ton of great ideas but a big barrier to access cash