Because consumers and sellers don’t at all times rely on the identical custodian banks, the custodians themselves must rely on a trusted third party to carry onto all of the paper certificates. The second you promote a token, it’s priced on a 24-hour international market. As Earn CEO Balaji Srinivasan says, “the ratio between 10 years and 10 minutes to get the choice of liquidity is as a lot as a 500,000x speedup in time.” We’re already seeing the impact of ICOs on the fundraising market.
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