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> value in the technology ecosystem of crypto/DeFi (e.g. in smart contracts as a substrate for security tokens; in NFTs as legal deeds; etc.) Security tokens w
by dubswithus 4y ago
> value in the technology ecosystem of crypto/DeFi (e.g. in smart contracts as a substrate for security tokens; in NFTs as legal deeds; etc.)
Security tokens would need to follow the same securities laws as centralized solutions but I can see an advantage in having liquid shares. Price discovery would be pretty powerful. Although the founders might not like what happens to their valuation.
- Sargos 4y ago> Security tokens would need to follow the same securities laws as centralized solutions Which securities laws? I'm imagining you are talking about the US as this site is very Silicon Valley centric but not every company is based in the US and there are over a hundred different jurisdictions in the world. US laws aren't the end all be all and the way things are going they might be even less relevant in the future. We are living in an incredibly global society and there is currently no global governance layer that covers global public goods and digital-only projects. We'll likely develop something in the future but today there are entrepreneurs creating applications and projects at the species level that have no defined state owner and it wouldn't make sense to assign them one.
- dubswithus 4y agoAre there countries that don’t have securities laws?