This is essentially an attempt to revive bearer assets under the guise of new technology. While registered assets replaced bearer assets for good reasons decades ago, some use cases still favor bearer assets. It’s striking that, rather than prioritizing these practical use cases, crypto proponents are fixated on reinventing the entire infrastructure of international finance. Shouldn't come as a surprise I guess: a VC-backed asset class is destined to chase the largest possible TAM!
This is essentially an attempt to revive bearer assets under the guise of new technology. While registered assets replaced bearer assets for good reasons decades ago, some use cases still favor bearer assets. It’s striking that, rather than prioritizing these practical use cases, crypto proponents are fixated on reinventing the entire infrastructure of international finance. Shouldn't come as a surprise I guess: a VC-backed asset class is destined to chase the largest possible TAM!
Clever perspective. I hadn't thought of it in those terms, but makes sense!