Tokenizing Last Epoch's Assets
Imagine working hard to tokenize assets, to put them on the blockchain, and then finding that they are worthless. Not worthless like a Zimbabwean Dollar, because those still have some collectors value. But, worthless like a Zimbabwean bond that would only pay out in electronic Zimbabwean Dollars, if only the off-ramp wasn't taken off-line permanently.
But, there may also be weird oddities like The US Dollar crashing, but, USDT actually goes up in value.
However, for the most part, all the old assets are just going to stop being valuable.
But, it is those same old assets that are going to be seen as most important to tokenize.
People talk about the dollar collapse, but never go far enough with what the extent of the collapse is.
The extent of the collapse:
Everything that is not in integrity will not make it in the Aquarian Age.
Meaning, Wall Street will be a long string of vacant buildings.
The US Dollar is a piece of debt, not at all money. It will be gone. (along with all the other fiats)
Everything based on the dollar will crumble: Bonds, Stocks, Derivatives
Other things that will go away are interest rates. Usury is a sin.
Insurance may continue for small problems, single houses…
But, large scale disasters will be handled differently. Often by things like the Redneck Navy, and a swarm of builders descending on the ruins.
Basically, everything we consider valuable, that is just an empty shell, or worse, will be gone.
The things being tokenized
Real estate is at the top of the list to be tokenized.
Especially suburban property.
The dream is to be able to have REITs, with actual properties in them, where you can buy part of an actual cost flowing property.
But, not long after they get these places on the block chain
- Suburban houses will be left empty. Those who could leave the city, did leave the city
- Demographics continue to decline. Empty houses everywhere.
- unCivil Wars and famine leave even more real estate empty.
So, in the end, we have all this real estate on the block chain, and real estate, even the word, will be abandoned.
Stocks and bonds will be put on the block chain
This will happen quite quickly after all the fraud is found in the stock market. There are so many ghost shares, that most people will wake up and find they own no stock. Even in the large retirement funds.
AND THEN, it happens.
People start manufacturing in their garages, and then people have the ability to completely shun bad corporations.
In the future, if a corporation is polluting, no one will deal with them. Period.
So, although the banksters will feel they save the stock markets by putting it on the blockchain, it will only be a little while before all the corporations, that are not in integrity, fall apart. Dizney will be a smoking crater. Monsanto will be cleaned up, wiped out, so thoroughly that future history students will discuss if it was ever real.
The tokens will outlive the things
Imagine a housing development that is destroyed by fire, like what just happened in North LA. Or wiped out by a steered hurricane like what just happened in Alabama and the Carolinas. All the houses, gone. But, they were on the blockchain, and are still there. This is an example of the destruction that is coming, but it will be worse.
Worse, in that all the houses will still be there, but all the value will be gone. "What happened", people will say, "House prices have always gone up."
Say you bought a WHOLE housing development on the blockchain, and then go there to find that not a single human lives there. It isn't even worth gangs taking it over. Even squatters have moved on. What do you own?
There may not be any govern-cement office that protects real estate. No court to take trespassers to. Real estate has become lawless, property lines are ignored. AND!!! There is no value in a bunch of empty buildings.
Stocks and bonds and other financial slight of hands will be even worse. The most real thing in all of that is the blockchain. All other pieces will have evaporated. Including the corporations, that the stock implied you had a piece of.
Like the adage that generals are training for the last war, tokenization is setting itself up to put onto the blockchain, all of last eras assets.
The old assets will be worth nothing. They are all smoke and mirrors now. Backed by printed money that isn't even printed on paper. All these assets go poof.
Not like a tornado and a trailer park, poof like someone being hit by a Varon-T Disruptor (Star Trek) just gone. Even a popping balloon leaves shards.
These things were built on lies, and the blockchain will be the realest thing about them.
We will look back and think about how much effort was wasted trying to tokenize all those things.
But, it will not be the only thing. It will just be the last thing, on a huge pile of things that were a waste of time and resources.
