WEEKLY -- On Sunday -- All previous Editorials are available on the Substack Archive Further long term archives are available at LinkedIn and Wordpress https://boomfinanceandeconomics.wordpress.com
It appears that a dose of reality has arrived for the EV business. Covid has alerted the public to the corruption of many experts and the public is now seeing the climate change crowd with a more skeptical view. The climate mafia is losing credibility as practicality of solutions seem costly for tiny benefits.
Then again cost along with practicality deter many in the middle. The early adopters along with the rich have saturated the EV market. Most in the middle dislike being pushed into EVs. Besides the minerals getting even more costly and scarce the grid is hard pressed to deliver.
But China won’t buy into US cars given their own production ramp up.
Gerry can you please give your thoughts in future article covering the planned tokenisation of realestate including the function of fractualising the token.
In addition the plans to tokenise health records, natural resources etc.
The Tokenisation of Real Estate assets is inevitable IMHO. Blockchain Ledgers are a natural way to record the ownership of such assets because they are immutable (cannot be altered or tampered with) and very cheap to maintain, backup and mirror (keep copies in separate locations). Tokens could be developed to contain all of the descriptive aspects of any real estate asset. They could then essentially become the Proof of Ownership/Certificate of Title. Transfer of the Token could then effect the transfer of any such asset. And such Transfer of Title would, of course, be registered on the Blockchain. Tokens could, of course, be fractionalised to cover multiple owners.
I think that many governments will move to this as a method of record keeping (if they haven't already) for real estate, other assets and commodities. Of course, such Blockchain Ledgers may or may not be available/open to the Public except via officially granted access.
Digital Blockchain ledgers evolved in the 1990's from a cryptographic concept called The Chain of Blocks. This article is a reasonable summary of the history --
It appears that a dose of reality has arrived for the EV business. Covid has alerted the public to the corruption of many experts and the public is now seeing the climate change crowd with a more skeptical view. The climate mafia is losing credibility as practicality of solutions seem costly for tiny benefits.
Then again cost along with practicality deter many in the middle. The early adopters along with the rich have saturated the EV market. Most in the middle dislike being pushed into EVs. Besides the minerals getting even more costly and scarce the grid is hard pressed to deliver.
But China won’t buy into US cars given their own production ramp up.
Promises but reality overcomes.
Good read, 🍺 Cheers
Gerry can you please give your thoughts in future article covering the planned tokenisation of realestate including the function of fractualising the token.
In addition the plans to tokenise health records, natural resources etc.
Thanks
The Tokenisation of Real Estate assets is inevitable IMHO. Blockchain Ledgers are a natural way to record the ownership of such assets because they are immutable (cannot be altered or tampered with) and very cheap to maintain, backup and mirror (keep copies in separate locations). Tokens could be developed to contain all of the descriptive aspects of any real estate asset. They could then essentially become the Proof of Ownership/Certificate of Title. Transfer of the Token could then effect the transfer of any such asset. And such Transfer of Title would, of course, be registered on the Blockchain. Tokens could, of course, be fractionalised to cover multiple owners.
I think that many governments will move to this as a method of record keeping (if they haven't already) for real estate, other assets and commodities. Of course, such Blockchain Ledgers may or may not be available/open to the Public except via officially granted access.
Digital Blockchain ledgers evolved in the 1990's from a cryptographic concept called The Chain of Blocks. This article is a reasonable summary of the history --
https://www.geeksforgeeks.org/history-of-blockchain/
However, it fails to mention perhaps the two most important facts --
1. The Release in 1996 of the NSA Paper (US National Security Agency)
How To Make A Mint: The Cryptography of Anonymous Electronic Cash
https://archive.org/details/HowToMakeAMintCryptographyElectronicCash
and 2. that the words Nakamoto Satoshi mean "Central Intelligence" (!).