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Re: Brokemillwright post# 320

Tuesday, 08/02/2022 8:29:49 AM

Tuesday, August 02, 2022 8:29:49 AM

Post# of 460
Cryptos (like SOL, ETH, ADA, etc.) that are vehicles for DeFi for example have a solid future.

Paper currency is going away. And with it, old financial processes.

Wealth representation by paper is cumbersome; Digital, i.e. debit and credit cards are replacing paper and metal currency.

Many financial processes that have institutional (banks) involved are more expensive and take longer than direct processes e.g. digital payments or money transfers, smart contracts,, decentralized public information and finances, etc.

Today, stocks represent ownership in most public companies. They're just a certificate of money invested. Crypto will eventually replace all stocks with company tokens; no stock brokers involved and trades can be globally 24/7.

This is just the beginning of paper processes and documentation to digital processes and online access to public information.
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