Tokenization of off-chain things trust-minimizes only transfer of title. Short of entangled proplets
http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/proplets.html …
it doesn't do anything about actual control of the actual off-chain assets; it doesn't even guarantee respect for the title. h/t @eric_lombrozo's tanks.https://twitter.com/brucefenton/status/992023735141101569 …
-
It’s not solving for that. It’s solving for making assets much easier to move and control. Right now it takes 2-3 weeks to move stocks between brokers - a tokenized asset can be moved in minutes.
Move title to yes, otherwise control no (at least, not without quite a bit of additional trust-minimized code, including code I have been designed and have had a team work on).
![Elon Moist [CEO of Twetch]](https://pbs.twimg.com/profile_images/1178810040054099969/LNhy-0M-_normal.jpg)
-
-
If the ownership of your car is registered on a blockchain, but you loose your private key, you don't lose your car. And none else can claim it. Selling it becomes a problem though, since you cannot prove that you own it. Very big issue for most potential use cases.
-
*Ding ding ding* We have a winner!https://twitter.com/csuwildcat/status/987605086703513600?s=19 …
End of conversation
New conversation -
-
-
tanks for the bitcoin mr Szabo!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Does this still hold true with respect to a number of securities though? They represent ownership of something tangible (sometimes) but the security itself is often intangible, which makes them more appropriate for tokenization beyond title transfer it seems to me.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
"Please solve our problem for us since we have found it is not solvable, thanks!"
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.