Quote:
Originally Posted by afc wimbledon
As I said, it's a pyramid, you make money from the new buyers below you, now unlike a classic pyramid you, in theory, don't need to recruit them your self but you are still making money from the sales of the coins to the new owners
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A pyramid scheme where one doesn't recruit...ok...I'll leave you to think about that one.
This article from Deloitte Inside Magazine is almost 4 years old now and it gives a good overview of asset tokenization on the blockchain including the disruption to traditional finance it will likely cause.
How many intermediaries do you have to go through to buy stocks or other assets, and what are the costs associated? Same with selling stocks but with the added inconvenience of waiting from the time you sell and initiate a wire transfer until the cash is liquid in your bank account. Then there's also apparently the moral dilemma of being involved in the new kind of no-recruiting pyramid where you sell something to a new buyer and make money.
I'd like to buy your car you have for sale and I'll be paying you with barrels of WCS oil. Laughable right? Asset tokenization and smart contracts will make my offer realistic, immediately executable and acceptable.
https://drive.google.com/file/d/1YEu...w?usp=drivesdk