Form: Short Note

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.

the crypto market, especially if (a) there are no more big thefts, and (b) some of the tech problems are solved, (c) will continue to grow. It’s not a matter of whether it will grow now. It’s a matter of whether 1) bitcoin will be replaced, or 2) the government takes it over or hyper regulates it, 3) or regulates it into a crash. I can promise you that it will be regulated. I can almost promise you that the govt will resort to some sort of BTC like currency at some point in the future because it’s simply too cheap and information-producing compared to paper and credit fiat money. And so for the near term I would consider it a short term speculative investment opportunity if bought on the dips AND if you are keeping track of competitors that solve the technological problems – including proof of work, zeroing at a certain market value/accumulating fragment-values, and archiving (cataloging) chains.