brypto

Tokenized stocks is basically the crypto version of "Radio on the Internet"

Like fine, universal market access yada yada. But the weirder more emergent stuff is still 10 years away

friendly neighborhood shitcaster // working on @pinetree

Eh, it's different since you'll have stock coins which trade 24/7 (with DeFi leverage) affect actual stock prices that trade 6.5/5. 

Also there are no circuit breakers onchain.

You can listen to radio channels from *anywhere* on the internet, and it's also harder for the FCC to regulate what they say!

podcasts started smaller than radio but now are bigger

Podcasts == native tokens (non synthetic)

All the synthetic stuff is just porting over existing media / money

I think the right frame is everything ends up on the internet

...everything ends up onchain

That's the final form for all markets.

No, but capital formation onchain wasn’t feasible when OpenAI / spacex were capitalized 

Stocks onchain is a dumb precursor to native token “IPO”

Same way that yes, radio did end up on the internet. But the best media launches now as a podcast, not as a radio station that they take online later

> But my point is: this is just a skeuomorphic toe dipped in the water 

again, I think the highest quality assets besides Bitcoin are all in tradfi -- either public or private. Bringing them onchain is great.

I don't think cryptonative companies are going to have the impact that OpenAI or SpaceX have had anytime soon.

💯

Don’t disagree with the end state 

But my point is: this is just a skeuomorphic toe dipped in the water 

Necessary step, but the cooler shit is yet to arrive