Quote:
Originally Posted by Jason14h
I’m not following a coin backed by a stock . Isn’t that just …. A stock ?
The whole purpose of a “stock” is it is ownership in a company / backed by the companies “value” as an asset. They are relatively liquid and tradeable / transferable . What would the coin “do” that owning the stock doesn’t ? (Companies basically already tried this with utility coins and the SEC was not happy and stopped it )
Crypto having a bad morning ! I blame this thread
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It does make perfect sense though that the stock market would go to a blockchain.