[nullc]

No it doesn't. Or rather— it's not necessary or sufficient: you can already trade distributed cryptocoins, and no amount of cryptocoin magic can completely distribute USD or other non-cryptocoin assets because their differential counterparty risk makes every promise different.

[kordless]

You need a central agency ATM for trading coin. Those guys have to run wallets and do the transactions in non-trusted space. This skips that.

[kordless]

> 6) A full-scale on-chain stock market. Prediction markets are also easy to implement as a trivial consequence."

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