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RE: Tokenization Is Hyper-Financialization

in LeoFinance9 months ago

Seems to me there's a real possibility that "it's all new" combined with "history keeps repeating itself."

Tokenization is a great concept, while being just as exploitive as anything else.

Let's say we tokenize rusty bottle caps which have little value at all, but with some good marketing hype you generate a crazy run-up in the price of RUST tokens, which leaves a few dozen people with amazing riches, and thousands as the bag holders with nothing.

The delivery method may be new and different, but we still have a system that concentrates wealth, power and influence with a small elite. Not because of the "system" itself, but because of human nature.

=^..^=