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None of these dapps have implemented or demonstrably plan to implement any systems that require the use of these tokens in a way thats compelling. who cares if
by arthurcolle 9y ago
None of these dapps have implemented or demonstrably plan to implement any systems that require the use of these tokens in a way thats compelling. who cares if youre goldcoins on flavorville are on a blockchain? its such a trivial and incredibly boring use of the infra. I’m actively working in this space on open financial instruments, a common standard and “designer software” to model and test contracts before they get issued and broadcasted by market participants. also needed is a formal specification for contract formation that doesnt cripple rapid prototyping by quant devs or enterprise companies. Mass-market adoption of arbitrarily complex financial products is tricky and could be fraught with problems and dangerous classes of errors, which makes the need for the new instrument types to be interoperable across wallets and exchange venues, while also being editable and more easily deployable is critical to be aware. While displacing intermediaries structurally due to the extinction of prior trusted models, its important to understand that these tokens basically do represent ewuity ownership and calling them in app currency is not a reasonable “trick” to get around securities legislation