Micael on Nostr: In the last days I heard about tokenization to a level that is driving me crazy. ...

In the last days I heard about tokenization to a level that is driving me crazy.

-Tokenization of blueberries
-Tokenization of wine
-Tokenization of BIODIVERSITY ?!
-Tokenization of Real State
-Tokenization of stocks
-Tokenization of livestock

The people talking about this believe in the blockchain narrative for some reason. And that a token on a blockchain is somehow trustworthy and transparent. Nothing if further from the true.

So I asked:

-Who is in charge of the token?

-Where’s the trust deposited?

-Why should I trust you?

-How can I know those tokens are backed and really represent what you say? Who audit you?

-Why would I buy those tokens instead of just buying bitcoin?

(The only reason is if you don’t understand bitcoin)

After all of this I asked again.

WHY DO YOU NEED A TOKEN IF ALL YOU WANT IS CREDIT/FINANCING?

In some cases, JUST IN SOME, the end goal is good, specially if they are creating value while producing something that is demanded.

In some cases they say they want to lower the barriers of getting exposure to some business or asset.

But they don’t need a token!!!

They need money. And in order to get money you need a proven way of producing value or at least a good way of selling the idea that you have the capacity of producing value. But again, you don’t need a token, you need MONEY.