4 ms·
A stock is a residual claim on the assets of a business and the cash flows those assets generate. A digital token is an entry in a database that…entitles you to
by intuitionist 5y ago
A stock is a residual claim on the assets of a business and the cash flows those assets generate. A digital token is an entry in a database that…entitles you to say you have an entry in a database. And it is typically a pretty lousy database in every way but Byzantine fault tolerance.