Well IOUs can fit that model, plus ethereum contracts can hold state I think?
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Doesn’t seem to be any reason you can’t represent debt on a Blockchain though I can’t think of a project that’s tried that yet.
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It’ll get worked out. The Dole stock thing actually kinda played out with Tether on bitfinex, so it’s a recognized issue that the community is thinking about.
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Bitcoin/blockchain is three things: 1. Speculative investment. (This is probably a bubble.) 2. A new form of currency. (It does not need to be a successful investment for this.) 3. The future of trust. (Will bring the cost of trust to ~zero and massively transform industries.)
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"I read about it again and I still don't understand it."
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Anyone who voted databases are better clearly has no idea what problems crypto has solved
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Cryptotokens in general are none of the above - a way to build new, more scalable computing protocols
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* it's a bubble and undervalued at the same time.
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One thing I am missing on this Poll is the environmental impact bitcoin is having. Soon it’ll use the same amount of electricity per year than Denmark ... 6.000.000 people
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Or 0.2% of the world's energy consumption, aka below the noise floor. There are far bigger and more wasteful targets out there that provide much less of an utility.
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