RE: Tokenization - Worlds most Disruptive Financial Tool
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Dear @ocupation
I absolutely love your publication. There isn't enough quality posts yet about token economies. Right now it seem that most developing teams behind all tokens simply didn't think through their token economy.
You can see so many basic mistakes everywhere.
Would you mind sharing with me what do you do for living? Are your in any way related to blockchain tech? Just curious.
So basically there is no middleman who will take credits for just being there since the blockchain itself is a fully transparent and trustles public ledger that gives individuals all the information needed for them to make a move.
Lack of middleman isn't always the best solution. There is tons of investors who rather use middleman because they care about trust and people like to be able to put blame on someone. And perhaps take middleman to court.
The best advantage of descrived solution is the fact, that finally it is possible to tokenize ownership and sell parts of those tokens to different parties.
First of all, it is stored on the blockchain which basically guarantees transparency and truthfulness of everything that is being stored in the smart contract
I've a question here. Isn't transparency an enemy of privacy? Just wondering how do you see that? Some people love transparency and others are huge funs of privacy. That's kind of an interesting conflict, wouldn't you agree?
Solid upvote on the way! Catch :)
Yours, Piotr
I basically work as an intern in firm that trades on traditional market, but has recently involved crypto as well... Nothing special, but I am seeking to join some crypto firm and work as analyst or something like it.
It's kinda obvious since 98% of crypto out there is traded on centralized exchanges and only around 2% on DEX. Pretty legit example😂 On the other hand, when someone decides to make a user friendly non centralized platforms (regardless if we're talking about an exchange) things will turn around...
Transparency doesn't necessarily need to interve with privacy. You can have a fully transparent system (for instance financial flow over the network) and yet the address could remain private...
Zcash is i believe best example for it. One has an ability to publish transactions as private or transparent entity. So if some firm wants to get fully transparent with its customers, it's basically in their best interest to stay that way as they'll gain the trust of people... On the other hand they can decide not to go fully transparent - which could end up as a bad thing (they would lose the trust). So basically it depends on what are your preferences and based on that one can behave properly.
Thanks for your time. :)
Thank you for your prompt reply @ocupation
Hopefully you can find job related to your interest. I'm glad I discovered your account. Already bookmarked it to my "fav" list :)
You're publishing tons of content. Wouldn't you consider slowing down just a bit and split your efforts half/half between posting articles and engaging with other users?
To some degree you're right. But my current impression is that those who are supporting "transparency" expect that EVERYTHING you do (and plan to do) will be transparent. And privacy is treated by that group as forbiden fruit.
Ciao :)
Piotr
I have really big problems when it comes to content discovery. Although I'm part of community for a while It's simply impossible for me to find good authors who i share the same interest with... Would be awesome if you have someone to recommend :D
But yeah, i do agree with you on that part. Will try to change it.