chrisco255
Joined 11 years ago
Joined 11 years ago
I think touch screen Mac is mostly pointless though.
No, they are not. You can trade a tokenized stock on top of a blockchain that happens to be permissionless, but you can also fully operate a permissioned protocol on top of a permissionless network. How many permissioned products run on top of TCP/IP (a permissionless protocol)?
Smart contracts enable any sort of logic that you can encode in a Turing-complete software language, including authorization controls, or awaiting offchain KYC checks, or whatever your heart desires.
Memecoins don't have anything to do with real stock, but tokenized stocks trend towards the underlying's price as long as they are redeemable for the underlying in a timely manner.
At any rate, to the tokenized stock example, if you are purchasing a tokenized stock represented by a company such as Robinhood, it too is a debt in that the token is exchangeable for the underlying.
This is an even higher level of guarantee than, say, an options contract, in that the reserves are provable. It does, of course, involve trust in the intermediary, just as your bank balance does. But at any rate, this financial technology is an expansion of what isolated databases provide to the market.
Full guide for ref: https://github.com/tigerbeetle/tigerbeetle/blob/main/docs/TI...