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escapevelo106 karma

I'm considering donating. Please address these concerns.

escapevelo4 karma

Hi Andreas,

What do you think about the idea that digital goods like music, video games, e-books, or even event tickets can be stored in cryptocurrencies allowing them to be easily traded on the Internet. There is at least $100 billion in digital goods wealth locked in centralized systems like iTunes or Amazon. Wouldn't benefit the consumer if they could unlock this wealth?

escapevelo2 karma

Assets will keep the network sustainable. Real digital assets can be created on the blockchain using Bitcoin 2.0 platforms like Counterparty, Mastercoin, or Lighthouse. Once these assets are purchased Bitcoin must be bought to receive these assets. Cryptocurrencies allow for some innovative crypto-equity crowdfunding options. You could buy into startup just for a few cents which is not possible with any other system and those shares could be tradable from day 1.