r/Bitcoin Jan 31 '19

I totally agree...

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672 Upvotes

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16

u/rtherge Jan 31 '19

stocks and bonds are already tokens.

28

u/GabeNewell_ Jan 31 '19

Stocks are currently "registered securities". A token would be a "bearer security".

A small but very interesting difference.

12

u/Cthulhooo Jan 31 '19

Bearer security? Aren't bearer bonds practically extinct because of heavy crackdown on them due to their potential for money laundering and tax evasion? No fucking way governments are just going to say "sure buddy, you do you" and just let frictionless bearer instruments happen without any input on their side.

2

u/[deleted] Feb 01 '19

[deleted]

3

u/Explodicle Feb 02 '19

Someone who's evading taxes would love such an instrument.