The market for the digital items plummeted after their glory days in 2021 and 2022, and they’ve proven to be not only an artistic and aesthetic disaster, but a shortcut to financial ruin
Ethereum has the potential to carry real world assets on its chain. Why does an share of stock have to go through a clearing house when it could be an L2 on ethereum? A company having a total of 1 million shares is no different from a L2 coin having a total number of 1 million coins. They can even be fractional too.
Literally every cryptocurrency supports this. But if the real world assets can be seized with a court order, then what’s the point of a blockchain and not just a legally compliant database?
Bitcoin doesn’t support this. It’s what is being mirrored, yes. But, Ethereum is kinda like the distributed operating system/network that could/would allow 24 hour trading without having a clearing-house middleman.
The true libertarians and anarchists in the room would call out the fact that they are attempting to build a world where governments don’t run courts because governments don’t exist and that all courts would be arbitration courts and decentralized and run by the community. If I have a problem with you, I tell my arbitrator about it, and my arbitrator tells you that I have a problem with you. If you don’t like my arbitrator, then you choose your own arbitrator, and if I don’t like the arbitrator you choose, then the arbitrators choose a third party arbitrator that they both agree on, and we agree to be bound by what that arbitrator says.
Edit: If you are willing to watch a 22 minute video, this might be of interest to you.
Ethereum has the potential to carry real world assets on its chain. Why does an share of stock have to go through a clearing house when it could be an L2 on ethereum? A company having a total of 1 million shares is no different from a L2 coin having a total number of 1 million coins. They can even be fractional too.
Literally every cryptocurrency supports this. But if the real world assets can be seized with a court order, then what’s the point of a blockchain and not just a legally compliant database?
Bitcoin doesn’t support this. It’s what is being mirrored, yes. But, Ethereum is kinda like the distributed operating system/network that could/would allow 24 hour trading without having a clearing-house middleman.
You’re talking about real-world assets carried on-chain, right? Bitcoin has supported this for a very very long time.
but like, man, like… its totally new, like, and like, totally amazing man. you just, like, cant comprehend, man!
The true libertarians and anarchists in the room would call out the fact that they are attempting to build a world where governments don’t run courts because governments don’t exist and that all courts would be arbitration courts and decentralized and run by the community. If I have a problem with you, I tell my arbitrator about it, and my arbitrator tells you that I have a problem with you. If you don’t like my arbitrator, then you choose your own arbitrator, and if I don’t like the arbitrator you choose, then the arbitrators choose a third party arbitrator that they both agree on, and we agree to be bound by what that arbitrator says.
Edit: If you are willing to watch a 22 minute video, this might be of interest to you.
https://www.youtube.com/watch?v=fZ0Qkhnt6bQ