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🟩Against. The tokenization of stocks is merely a facade of decentralization. It's important to note that this isn't a purchase of actual equity; rather, it's a digital derivative that combines smart contract risk with that of the legacy counterparty.In the event that a centralized custodian is still required to hold the underlying shares in a traditional vault, the asset does not actually belong to the owner. Instead, the owner possesses an IOU with additional attack vectors. Bitcoin's primary function is to facilitate trustless settlement. The practice of employing blockchain technology to manage legacy Wall Street assets merely adds a superficial layer to an outdated and ineffective system.
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Against. The tokenization of stocks is merely a facade of decentralization. It's important to note that this isn't a purchase of actual equity; rather, it's a digital derivative that combines smart contract risk with that of the legacy counterparty.
In the event that a centralized custodian is still required to hold the underlying shares in a traditional vault, the asset does not actually belong to the owner. Instead, the owner possesses an IOU with additional attack vectors. Bitcoin's primary function is to facilitate trustless settlement. The practice of employing blockchain technology to manage legacy Wall Street assets merely adds a superficial layer to an outdated and ineffective system.