six
@six
Nah it’s objectively sick - investing in US equities now globally accessible whereas otherwise this was not the case - can be plugged into infinite composability of defi - just the process from going in between crypto and stocks is now frictionless and instant as opposed to requiring a bunch of on and offramping between onchain and brokerage - also enables perps on equities There are basically only positives to tokenizing equities
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kenny 🎩
@kenny
1. investing in US equities globally is regulatory arbitrage, I don't get excited about regulatory arbitrage 2. are you sure this is actually permissionless? or is there some kind of KYC process that can freeze funds (hurting the defi use case) 3. I've been able to sell crypto and buy a stock in Robinhood for years, it's been frictionless 4. perps on equities is more gambling, I don't get excited about more gambling
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six
@six
can agree to disagree on 1. i think opening access to financial markets is a win 2, you can swap in and out of xStocks on jupiter or phantom or whatever with no kyc needed 3, sure, but this still makes it available for users who want to hold crypto in self custody and not robinhood, or for if the cryptoassets they want to swap in and out of are not robinhood listed can agree to disagree on 4. many people leverage trading are indeed gambling, but leverage is just a tool, not structurally or inherently gambling
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kenny 🎩
@kenny
agree to disagree always good 🤝 2. sure no KYC necessary but I'm wondering if there are token contract controls available to freeze funds if certain actors buy these assets 3. the market of people that enjoy trading crypto is already tiny so we talking about a niche of a niche that will enjoy this freedom of seamless swapping in an industry dying for a broad use case breakthrough, I'm not moved
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