I think bitcoin will eventually create a less speculative and less leveraged society. Less, but higher quality businesses. Less trading. More shrewd and real investments, rather than the current fiat-driven market dynamics.
I think it’s actually an incredibly complex issue and I am in no way an expert. However, I imagine it will be possible to do as a layer three or layer four solution a decade or two down the road.
It’s much too early to implement in the coming few years, in my opinion.
I’ve heard the same things, and wouldn’t be surprised if it started out on ethereum or solana.
But I also think that it will eventually happen on Bitcoin… and will be laughably clunky and difficult to use initially, but then will become the worldwide standard.
Similar to the progression of bitcoin itself, nostr, and other open source projects.
Although I share your ideals- how would this work more specifically? Some tokenization that settles periodically in a federated system like Liquid? Stocks are shares of companies that exist in legal frameworks formed and enforced by state powers. Ownership rights of these shares are also enforced by the state. Who enforces the global ownership rights of shareholders even if we use bitcoin for transaction settlement? Who do I sue when a company doesn’t honor my shareholder rights… and under what court? How is bankruptcy handled and by who? There’s a lot to solve for here if you want to make something better than what has evolved to this point. — This is a comment on: https://yakihonne.com/flash-news/nevent1qqs0cmpnlpxc9xjqsse24tztvpvgnusmlxww32ejzfmphvqtt5ug7mqzyzmejmqc8cpkmuncq229hq9mmj9shavhrdnzr2rt7dtfcvepzlc86qcyqqqqqqgygyw2k
All very good questions.
There are answers, though I’m probably not the one to solve most/all of them.
Blockstream is doing “tokenized finance” and “digital assets” on Liquid, but it all sounds like a grift. Regulatory arb. Still not sure. They just released their 3rd podcast about it. Ex. https://fountain.fm/episode/CT4HYbUaaFCnL4Idu0gV
Thanks! I’ll check it out.
Dave Collum had some spicy takes on the overvalued nature of stocks on nostr:npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw which were interesting. The repricing he suggested was incoming sounds catastrophic. If you listened, I'd be interested to hear your thoughts on it. I hadn't heard someone put it quite the way he did suggesting that prices are going to revert to the mean (of 40 years ago).
I didn’t hear his interview, but I’m very familiar with this point of view. I think most of the people who hold this view are at least one or two years early.
And $NVDA over the past decade. Only a small number will outperform the corn over the next decade as well, I’m guessing.
The stock market… worldwide… but priced in bitcoin and built on the rails of the Bitcoin network.
This is inevitable.
Seriously. Who is building this?
I want to participate in this FOSS effort.
Being a life-long truth seeker (it’s how I’ve always been wired) occasionally got me in trouble with a few teachers and even college professors in my younger days. 😂
But, over time, this thirst also led me to:
- become a devout follower of Jesus Christ
- the Bitcoin network
- and now, #nostr
And for these things, I am extremely thankful.
Other than these few things, I’m aggressively pragmatic.
How about you?
Are you a truth-seeker? If so, where has it led you?
nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l Totally agree. Lots of folks on X simping on influencers. It’s strategic to gain followers, feel important and eventually monetize. I could care less of my following count. Love seeing you here 🙂
nostr:note1v9wycpgy3vejrr609wwxjdw7xcn3yxpne3ku4chpfhp67trkandqhvzq8e
🤝
Lol British HODL is like the bizarro world version of American nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs
They have very different personalities.
If you haven’t used the word “oophorectomy” in a sentence today, then we are not the same.
As a fellow freedom-lover, I would recommend not worrying so much about the actions of others... whether they do or don't do the things you think they should.