Please expand, because I don't see how these tokenisation projects do any of these things without critical compromises that reintroduces the trusted relationship between you and a service provider.
Especially less fraud.
Discussion
@nevent1qqs8puf8qn582xh9r9hpadur2ge4ww7l6ene9gydndaqg4lgyu383hgzypsm77gtyz22lvp5jhy7zd4v7c2mur7vct9etddvld0kenh7rzcxyqcyqqqqqqgprdmhxue69uhkcmm8v4hzucn5vdnx7unsd3jkyuewvdhk64qta8k
Preaching to the choir here. I want to hear the opposing arguments so I can further build on my conviction knowing that I ain't missing something that someone had the opportunity to tell me.
I could expand a bit and provide some hypotheticals (less developed countries is a big one) but I don’t have a bulletproof explanation for every rebuttal. Nobody does. But nobody did for bitcoin in 2010 or the internet in 1990. It’s technology with capabilities that match big problems we face today. And Larry Fink keeps talking about it so it’s going to happen anyway.
Well, let me reframe the question a little. But if you don't think you want to engage, then so be it.
Tether is a pretty useful token, especially in countries where people want something like the dollar but have difficulty accessing it.
Still Tether is a company, so the tokens don't really stand on their own feet, I wouldn't invest in the tokens, you can invest in the company. Also the technology is kind of irrelevant too in some regards, they moved from ETH to TRON and now are using Lightning (unless I'm getting my stable coins mixed up). The company uses whatever resources it can find to provide a product.
There is also the standard risks associated with a regulated company, but it is kind of like a VPN money where the company has limited information about its users so the risks are mitigated to a point.
I think it makes sense to be excited about a public technology like bitcoin or the web, because people can build on it just like companies can.
Tokens are not really technologies AFAIK, they are products, so unless they are technologies that people can either copy or build upon permissionlessly, I think they don't serve a purpose that I am interested about.
I love the idea of tools and technologies empowering developing countries, don't get me wrong, but I'm always skeptical of a product that establishes, whether directly or indirectly, whether known or unknown, a master client relationship where people are not relying on the technology only, but also the existence of some entity driving that technology.
So...
Is there a token or a token standard or a token technology that you can recommend that I read about or look into based on my perspective?
That’s beyond my level of knowledge but maybe taproot assets? Nobody can change them after they are minted. The closest thing to a central authority are the original developers who own the only (afaik) implementation of the taproot assets protocol but I imagine there will soon be multiple competing implementations of taproot assets just like there is with bitcoin and then lightning network.