4 ms·
Not really sure this would work. The problem with physical commodities is that you actually have to store them somewhere.
by causalmodels 4y ago
Not really sure this would work. The problem with physical commodities is that you actually have to store them somewhere.
- tomatocracy 4y agoNot to mention that there is already a small industry which does this electronically (LME warehouses) and in a way which is trusted by the largest traders in the business. Why wouldn't you just use that instead?
- hypertele-Xii 4y agoHaving to store digital crap securely turns out to be a far bigger problem than most people realized. Maybe still less than physical commodities, but let's not pretend crypto is "free" and easy to store and takes up no space.
- causalmodels 4y agoThe cost of storing a digital asset be it USD, a futures contract, or crypto is significantly less than paying to store physical goods. I don't see how this is up for debate.