Quote from: pineapple express on November 01, 2018, 10:28:16 AM

Quote from: Freefactomizer on November 01, 2018, 10:08:43 AM

Let's say you are a bakery owner and you need to invest in new oven, you tokenize some future breads you are going to produce as assets, you sell them with a discount to your usual customers and you promise to release n breads a day against the assets.

1) bakery owner use byterbal:
- bakery owner issue a tokens.
- customers register on crypto exchange, deposit dollars, buy bitcoins, withdraw btc to another exchange, buy balls, download byterbal wallet, withdraw balls to wallet. Fees + spread + work + study.
- customers exchange balls to tokens.
- bakery owner send balls to exchange, buy bitcoins, withdraw btc to another exchange, buy dollars, withdraw dollars. Fees + spread + work + study.
Done.
2) bakery owner use excel and paper flyers:
- bakery owner print a tokens.
- customers buy tokens with fiat.
Done.

No, he can sell token for fiat like in your old school method.