3 ms·
And what are some example use cases you can do with those things, or that people are using them for? Genuinely asking. I see people very excited about things li
by graeme 6y ago
And what are some example use cases you can do with those things, or that people are using them for? Genuinely asking. I see people very excited about things like DAOs, but most descriptions seem to be about inter crypto use cases.
With the early internet it was easy enough to see there were use cases like “instantly send a letter to someone across the world” or “order a book not stocked at your local store” or “go directly to Nintendo’s website and read their info”. I remember doing this last one as a kid in the library and was instantly taken with the internet.
What are some similar ELI5 use cases of the Ethereum chain and those names you mention? Other than intra crypto loans, derivatives etc
- base698 6y agohttps://seekingalpha.com/news/3680926-binance-launches-tradable-stock-tokens-kicking-off-with-tesla-token https://seekingalpha.com/news/3680926-binance-launches-trada... Liquidity for things that don't normally have liquidity. Example: like wrapped Bitcoin, you could create wrapped Wine. Say you've got $1 million in a wine cellar. Create a wrapped token which allows you to use it as collateral or provide it to a liquidity pool to generate revenue. Now your wine is earning you interest. Something like this may already exist... Same for Tesla stock above. Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend.
- lxgr 6y agoCommodities and future contracts on them have been around for a while now.
- base698 6y agoOn your wine cellar?
- selectodude 6y agoGoldman Sachs did it years ago. https://www.businessinsider.com/goldman-accepted-fine-wine-as-collateral-2013-6 https://www.businessinsider.com/goldman-accepted-fine-wine-a...
- graeme 6y ago> Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend. Explain further. Why would you be able to have the benefits of owning wine or TSLS and also earn interest on it. That’s your cake and eating it too. There must be a risk element to the liquidity pool. What risk exposure are you taking by depositing TSLA stock there that you can’t get through normal finance?