What are the implications of blockchains used for startup capital in businesses while tokens are backed by BTC as the standard?
https://techcrunch.com/2017/01/08/the-future-is-a-decentralized-internet/
>>1729735
That's a two column chart btc. The BTC column is just too tiny to see at the moment. What happens when a fraction of the money held in domestic markets is moved to a deflationary currency that is limited to 21 million coins in circulation?
Market cap for a big company like walmart is a bit over 200bil. You cant compare anyting to the global market lol
>>1729748
>You cant compare anyting to the global market
Why can't you? Even that is pretty small compared to $60 trillion global or $25 trillion US.
I'm comparing it to the global domestic market because there is no reason for this type of funding to be limited to US companies. BTC is a global currency.
This could create quite an incentive for early supporters.
>>1729790
Assuming that bitcoin remains the standard for cryptocurrency, I expect that as this model becomes more common, the value of bitcoin with increase significantly.
The author, Olaf Carlson-Wee, who helped start Coinbase as their first employee, left the company to start a hedge fund called Polychain Capital which will allow people to diversify investment in cryptocurrencies and other blockchain-based tokens.
>>1729735
>while tokens are backed by BTC as the standard?
I meant to say valued against BTC as the standard. Cryptocurrency is not backed by anything beyond demand.
>>1729772
Bitcoin is not a currency
It's a speculative commodity, both legally and practically
>>1729920
Good point. Bitcoin is a global commodity.