Comments on: Bitcoin and the Resurgence of the Bearer Asset https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/ Blowing up the Clown World. Wed, 19 Oct 2022 18:40:09 +0000 hourly 1 https://wordpress.org/?v=7.1 By: Ken https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/#comment-110551 Sun, 26 Jun 2022 17:38:46 +0000 https://bombthrower.com/?p=5384#comment-110551 In reply to David Tea.

Excellent point. As the crypto finance ecosystem expands, promissory note issuance against digital bearer bonds will blossom in due course. They may already exist within Galaxy’s ecosystem in some quasi-form.

]]> By: Ken https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/#comment-110545 Sun, 26 Jun 2022 15:09:32 +0000 https://bombthrower.com/?p=5384#comment-110545 In reply to Bill.

Much luck regarding your aged 60+ friends. Their world views are hard wired and neural pathways of their physical brains generally are too ossified to allow the perspectival flexibility to explore beyond the boundaries of their security. The West’s debt-based Fiat system is their hard wired God and that won’t change. As an aged 60+ member myself with 35 years of banking/finance experience and as an early adapter to crypto, I recommend you restrain your enthusiasm and energy with them, if for no better reason than the continuance of your friendships. They may have the great bulk of the world’s assets, but time is not on their side and their assets that survive the many changes ahead will all be absorbed into the emergent new ecosystems in due course anyway, so there’s no reason to push them beyond the limits of their personal security, especially with crypto’s volatility in its present stage of development. Especially with its challenges ahead, and particularly from the emergence quantum computing and its greatly elevated cybersecurity risks and safety requirements.

]]> By: David Tea https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/#comment-110363 Thu, 23 Jun 2022 22:26:47 +0000 https://bombthrower.com/?p=5384#comment-110363 Great article. One could even issue promissory notes against the value of the digital bearer bonds…to help discharge the current debt created by those fools/tools purportedly actiing as public servants…in name only

]]> By: S Stackmore https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/#comment-110348 Thu, 23 Jun 2022 19:29:46 +0000 https://bombthrower.com/?p=5384#comment-110348 We talked about and imagined Digital Bearer Assets/Instruments back in the late 90’s. Now we have them. While I am not an “everything on the blockchain” kind of guy–more of a maxi– in principle messaging via public/private keys tied to UTXOs should allow for some kind of voting structure. Maybe that is what the proof of stake guys are working on? I haven’t really paid attention to them. I mean if you wanted replicate some form of the capital structure with rights attached digitally to facilitate pooling of capital for actual enterprises, ownership of which could be traded on unregulated markets….

]]> By: Bill https://bombthrower.com/bitcoin-and-the-resurgence-of-the-bearer-asset/#comment-110328 Thu, 23 Jun 2022 16:56:27 +0000 https://bombthrower.com/?p=5384#comment-110328 Great analogy to showcase use of bearer assets. I Home school my grand kids and will use this to help them learn the power of capitalism in modern day terms. They will be fascinated by the comparison to bitcoin. Every Kid that plays video games, has a distinct understanding of cryptocurrency. This should be interesting to begin the discussion. The grand kids will be 13 in august and they will get it!

Then, after test drive on the Kids who will pick it up quickly, I will try it on all my friends over 60. Wish me luck!

Thanks
B

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