And you think the only problem we had was bad money?
People outside the US would like to have access to American capital markets. Tokenizing equities can solve that problem. That’s just one example.
Discussion
Bitcoin is permissionless and has a CAGR of like 45%.
The SNP has returned like 6.4% for 25 years and requires permission.
That’s irrelevant. Money is different than companies that make things.
Had* a CAGR of ~45%. The list of companies that have outperformed Bitcoin for many years now is not short. Some people want to own these companies. The idea that no company produces value in bitcoin terms is moronic.
“I know you like this company and would like to own a piece of it, but have you thought about not doing that and just holding money?” Like what are we doing here
Dillard’s has returned 50% more than Bitcoin over the past 5 years. We can cope about it, but there are better performing assets out there over and people want to invest in them. Bitcoin doesn’t obsolete investments
Investments are part ownership in a business. You can invest Bitcoin in a business and get a share of the profit. Which is naturally higher than saving Bitcoin if the business of its run well. Because saving Bitcoin just transfers the value you put in over time.
Those investments do not require cryptography though. They require permission. Cryptography doesn't fix that problem.