OSTK is back at prehype prices, so buying it becomes way less risky. More downside is still possible but the risk reward is decent.
I see it as a bet on the success of security tokens (tokenized stocks). I have no doubt that securites will be settled on a blockchain in the next decade because it turns them into digital native assets.
Imagine you want to write a message to somebody and you have to write your text on a piece of paper then scan it to make it digital and then send it per file transfer to a central server where somebody else can download it!?!??! We have the year 2018 and our children will look at us asking dafuq we are doing there.
Today we can not only send messages and voice over IP but also value. The complex structure of broker, custodian, exchange and clearing house will be disrupted.
I see two options: decentralized exchanges like 0x (which will be some kind of a opensource not for profit DAO) or a centralized exchange which is custodian, broker and exchange at the same time. The clearing houses will become obsolet because the settlement will be on the blockchain in both cases.
I see it as a bet on the success of security tokens (tokenized stocks). I have no doubt that securites will be settled on a blockchain in the next decade because it turns them into digital native assets.
Imagine you want to write a message to somebody and you have to write your text on a piece of paper then scan it to make it digital and then send it per file transfer to a central server where somebody else can download it!?!??! We have the year 2018 and our children will look at us asking dafuq we are doing there.
Today we can not only send messages and voice over IP but also value. The complex structure of broker, custodian, exchange and clearing house will be disrupted.
I see two options: decentralized exchanges like 0x (which will be some kind of a opensource not for profit DAO) or a centralized exchange which is custodian, broker and exchange at the same time. The clearing houses will become obsolet because the settlement will be on the blockchain in both cases.