This is a good point and most alt coins will fail. However not all are seeking to be currency. Tokenized securities etc will be tokens as well. There could very well be trillions in alts even if Saifdean is correct. They just won't be currency.https://twitter.com/saifedean/status/980843666850959365 …
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Replying to @brucefenton
A security is not a currency, it is denominated in a currency. There will of course be securities, but none of these alts are securities, and a blockchain in inherently useless for a real world security, since it cannot possibly enforce ownership of real world assets.
6 replies 6 retweets 29 likes -
Replying to @saifedean
A security issued on a blockchain is 100x better than a paper one -- you are still centralized & have to trust the issuer but it can move with less friction and can be more easily held by users, giving them more control of their wealth
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Replying to @brucefenton @saifedean
It takes 3+ WEEKS to move securities between brokers now. Security tokens on a blockchain can cut that time down to 60 seconds.
3 replies 0 retweets 5 likes -
Replying to @brucefenton @saifedean
Do you have evidence that equity market returns increased due to the shift from paper transfers to digital transfers?
3 replies 0 retweets 0 likes
HFT and liquidity premium both point towards there being value in speed-of-transfer. Agree that centralized solutions would work just as well, but there is a social/political aspect to technology adoption.
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