"Right now, Coinbase's most promising project, say Johnson and others, involves a new class of investments known as security tokens"
I used to think security tokens were going to be one of the useful things to come out of the crypto asset space, for the reasons in the article, e.g. it does make a lot of sense being able to automate ownership and transactions and so on so easily. But now I'm not sure - it puts the success of your company/asset entirely in the hands of your chosen platform (which might crash and burn) and the wider crypto asset market (which again may have an uncertain future). It would be a bit like deciding to float your company on the Venezuelan stock market and price your stock in Venezualan Bolivar - even if you were one of the successful companies in the world your stock is probably going to do pretty badly. I have a suspicion that its all part of the plan by the small number of people who have accumulated almost all the wealth to draw more people into the scheme to prop up the pyramid a bit longer.
I used to think security tokens were going to be one of the useful things to come out of the crypto asset space, for the reasons in the article, e.g. it does make a lot of sense being able to automate ownership and transactions and so on so easily. But now I'm not sure - it puts the success of your company/asset entirely in the hands of your chosen platform (which might crash and burn) and the wider crypto asset market (which again may have an uncertain future). It would be a bit like deciding to float your company on the Venezuelan stock market and price your stock in Venezualan Bolivar - even if you were one of the successful companies in the world your stock is probably going to do pretty badly. I have a suspicion that its all part of the plan by the small number of people who have accumulated almost all the wealth to draw more people into the scheme to prop up the pyramid a bit longer.