Viewing a response to: @hatu/tokenization-isn-t-enough
You got me at payment protocol built on Stellar. Low fees, fast transaction time, seems like this can work. Only thing in my opinion, is that gold is no longer seen as a currency, it's purely store or value. This is because of its uses in actual products from technology to ornaments, but most importantly, a perceived notion of it being stronger. Anything that doesn't have tangibly accessible value gains its value from perceived criteria which may or may not exist. Just my 2ยข, would love to hear your take on this. Posted using [Partiko Android](https://steemit.com/@partiko-android)
| author | reverseacid |
|---|---|
| permlink | reverseacid-re-hatu-tokenization-isn-t-enough-20181202t033329248z |
| category | bitcoin |
| json_metadata | {"app":"partiko"} |
| created | 2018-12-02 03:33:30 |
| last_update | 2018-12-02 03:33:30 |
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| root_title | "Tokenization isn't enough." |
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You're right that it's no longer a currency. Regardless, it's still globally seen as one of the most trusted means of storing value. This opens a valuable opportunity: a well-trusted global currency. What other material can be globally associated as something valuable? By tokenizing it, all the problems that removed its existence as a currency no longer serve a hurdle. By giving the tokenized gold a payment network, it becomes digital currency.
| author | hatu |
|---|---|
| permlink | re-reverseacid-reverseacid-re-hatu-tokenization-isn-t-enough-20181202t081507546z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-12-02 08:15:09 |
| last_update | 2018-12-02 08:15:09 |
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I see where you're going. Sound arguement. But then again, value in these spaces is purely perception based. Growing a Stellar, Doge, or Zilliqa to be trusted is just as easy as making a baby boomer trust tokenized Gold. Posted using [Partiko Android](https://steemit.com/@partiko-android)
| author | reverseacid |
|---|---|
| permlink | reverseacid-re-hatu-re-reverseacid-reverseacid-re-hatu-tokenization-isn-t-enough-20181203t091524340z |
| category | bitcoin |
| json_metadata | {"app":"partiko"} |
| created | 2018-12-03 09:15:24 |
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| root_title | "Tokenization isn't enough." |
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The value in the coin is not associated to XLM, but to gold. So, even if XLM (coin) devalues, it won't impact Kinesis and its stabecoins.
| author | hatu |
|---|---|
| permlink | re-reverseacid-reverseacid-re-hatu-re-reverseacid-reverseacid-re-hatu-tokenization-isn-t-enough-20181204t084245206z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2018-12-04 08:42:51 |
| last_update | 2018-12-04 08:42:51 |
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hiveblocks