toxicbitcoiner on Nostr: Someone needs to tell this to Bob Murphy of the Mises Institute. He’s an ...

Someone needs to tell this to Bob Murphy of the Mises Institute. He’s an embarrassment.

quoting
nevent1q…j4jw

Tokenized real world assets: there is no trustless way to verify custody of the asset, so you're still trusting that the token is backed 1:1 by the asset, in which case doing this on a blockchain is just a less efficient way of doing something that trad-fi already does quite well.

I thought it sounded scammy when I first heard of it around 2017 and it still sounds very scammy.