Post by twetch#13821

1JLBut…aTuZ Key · twetch

You're not wrong. Blockchains that support second layer tokens also allow for a wide variety of capital definitions, from traditional to otherwise.

This is where the freedom opens up, and it's not incompatible with Satoshi's first level settlement layer.

1JLBut…aTuZ Key · twetch

For instance, let's say you're using tokenization to instrument a smart grid. Does it matter to your smart meter and lightbulb that your token has a monetary value? Or is it more important that it has a kw/hr value?

What the chain says
Block
618 487
Time
2020-01-20T17:42:55Z
Signer
1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ
App
twetch
Type
reply
Content type
text/plain
Name in tx
twetch#13821

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ Verified

Replies (2)

1JLBut…aTuZ Key · twetch
Replying to@1JLBut…aTuZ

Best if your token has it's own intrinsic value for work/info it carries. It is only bound to the monetary value so it can't be cheated.

1JLBut…aTuZ Key · twetch
Replying to@1JLBut…aTuZ

Intrinsic value isn't as important as is measurable value. Whether that value is measurable in some fiat abstraction is not necessary.