[reactordev]

This has been known for a long time that in order for crypto backed securities to work, Bitcoin’s blockchain would need to be the clearing house for assets tied to it. We’re in derivatives of derivatives of indexed derivatives land.

Banks have already started exploring using it as the clearing house and recent US policy has cleared the path for more.

[pwndByDeath]

My hot take, crypto(currency) is for pure peer markets, since all individuals are accounted for by a government its not especially useful for people. However, governments are essentially peers without some disinterested third party with the power of enforcement. This is place where crypto lives.

[db48x]

Yea, something like that. Although even there you still have bond ratings and just straight up reputations to tell you which governments are trustworthy enough to do business with, even without a blockchain.