Quote from: self love sisters on January 04, 2019, 12:52:56 PM

A news a while ago releases that DX. Exchange plans to offer digital versions of big U.S. stocks. Others believe that this is the beginning of the traditional markets merge with blockchain technology but some people thinks about it in a negative way. What are your thoughts about this news? Huh

Quote from: mjglqw on January 04, 2019, 12:59:17 PM

It's really not decentralized, because you still have to trust a middleman, but hey. Though it's definitely not for everyone, having the option to invest in "tokenized" versions of stocks is a good thing in my opinion; I just hope that people know how it actually works before throwing their money into it. In this case, it's pretty much just the case of, if you don't like it, then don't buy it.

Will I be using it? I really don't know. I'd have to do some research on DX if they really actually are trustworthy enough or not.

Yep, it has nothing to do with decentralization, but it's still some usage of blockchain. I also think it's a positive thing, because at least this way people will get to know blockchain more. However, I am not sure there will be people who'll buy these tokenized assets... Crypto investors are valuing decentralization and volatility, investing in tokenized stocks will be close to investing in stable coins for them. As for stock traders, I don't see why they'd be interested to go through some shady intermediary and deal with unknown technology if they can simply buy stock they way they usually do. Backing cryptos up with stocks is just another weird experiment that will probably lead to nothing. But the idea is not that bad in terms of attempts to promote blockchain.