Quote from: TERA2 on July 02, 2018, 02:44:17 PM

Quote from: Last of the V8s on July 02, 2018, 10:57:22 AM

next wave of bullish bullshit

https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/

Quote

Security tokens are regulated financial securities like traditional stocks and bonds that provide token-holders with ownership interests in the underlying company or asset.

Security tokens will be the third wave of the blockchain boom and they will make the first two waves look tiny by comparison.

One executive I spoke with expects security tokens to bring 10% of global GDP roughly $8 trillion into the blockchain ecosystem by 2024. That represents growth of 28X.

And Bruce Fenton founding member of The Bitcoin Foundation ...

How does using the blockchain to securely store data about security ownership have any affect on the value of a bitcoin? The value of these securities is not being injected into market cap of bitcoin or backed by bitcoin tokens. They are completely separate things that hold value on their own and hashing them on the blockchain is irrelevant. Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T. The only thing that would raise value is the extra transaction volume and fees in all the micro transactions needed to maintain a ledger.

Actually security tokens need to be taken quite seriously.

It is a pathway towards disintermediating traditional stock exchanges. Issuers dont particularly care where the money comes from, so long as they can access it. They certainly dont feel the need to pay the NYSE listing fees plus book building fees to BAML, GS or JPM if they dont have to.

If issuers can issue security tokens to a global audience of investors direct, they should save 10% or more of the raise that gets chewed up in by financial intermediaries. It is far more efficient to just run an ICO.

Obviously there are security law barriers in place, but people are working on overcoming those. And securities regulators are being surprisingly facilitative.

What does this mean for Bitcoin you ask? Well you have to pay for the security tokens using a cryptocurrenxy. Right now ETH has the inside running as the premier fund raising platform. But the lack of transparency around ETHs monetary supply means it represents a poor store of value.

This leaves Bitcoin as a significant winner from tokenisation for the payment of dividends and purchase of securities. Even more so if we can get RSK happening and create security tokens as a Bitcoin side chain.