I like goldmoney myself, and I feel better that it’s on the channel islands, but

I like goldmoney myself, and I feel better that it’s on the channel islands, but it is a physical asset that can be ‘taken’.

The virtue of a purely digital fractional token money substitute (cryptocurrency), is that you can’t fuck with it without destroying it.

So I would treat them as separate tools. I like buying fractional shares of gold. Especially if enough people can buy into it. I like it very, very much. I like a pure fractional share of a network (fractional shares used as token money substitutes), for monetary purposes. I like digital titles (blockchain titles). I like fractional shares in businesses traded on fractional share markets.

So I love the concept of digital fractional shares in general.

The problem is that the technology is simply not there yet – and when it IS there I am not sure how it’s going to be different than parallel transactional databases with independent ‘shareholders’ holding each of those databases, and requiring reciprocal keys to record a transaction.

So I think most of this tech is replaced when someone with enough money to put that infrastructure into place (banks or states) does that instead, and because of that, banks and states function as insurers of last resort.

I am actually kind of surprised that the obvious parties have not suggested this solution already (ibm / oracle). I suspect that the reason they don’t, is that their major clients are financial institutions.