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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Hmm, I hear you but seems like a marginal improvement. Tampering with title databases is already illegal, that seems like a pretty strong incentive to not do so (and strong reasoning to assume no tampering by default).
For existing securities quite true. The main thing trust-minimized tokens have given (to scammers or to a new generation of global entrepreneurs, take your pick) is simply the ability to cut the Gordian knot and route around the whole very bureaucratic and restrictive mess.
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1/ digital tokens have *restored* a universal, agnostic method of socio-economic value and exchange (for instance, like gold used to be) that *precludes* the whole very bureaucratic and restrictive mess *of a mere several decades*
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2/ this is like mp3s to the RIAA 15 years ago. recordings were originally sold as singles and are again after the consumer had the choice
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