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 …
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Wall Street has spent billions trying to solve this and the current system is very broken. Tokenized assets are not decentralized like Bitcoin but sill superior to the current way or any solution anyone else has proposed.
Perhaps, but good luck convincing the DTCC and its foreign counterparts that we don't need them to "govern."
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We don’t need to convince DTCC - we just build something better and make them obsolete.
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