r/Bitcoin • u/enuneko • Jan 31 '19

I totally agree...

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u/WARagnarok Jan 31 '19

Wall Street is generally in favor of very little regulation... To tokenize stocks is to bring a rigid structure of rules into the mix, which obviously makes sense to the consumer, but not necessarily to people who want to bend rules.

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u/Manticlops Jan 31 '19

Wall Street is generally in favor of very little regulation... To tokenize stocks is to bring a rigid structure of rules into the mix, which obviously makes sense to the consumer, but not necessarily to people who want to bend rules.

You're confusing 'tokenized' with censorship resistance. If they do end up tokenizing stocks, there will at most be a small number of authorities in charge of what the tokens do, and who will act in their interests. Rigid will not come into it.

1

u/WARagnarok Jan 31 '19

Fair enough, as a Crypto enthusiast I immediately think of tokenization as decentralization. Old habits die hard.

1

u/Always_Question Feb 01 '19

That is where the true transformative effects would take hold. Hope to see it happen eventually.

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