Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits • Hacker News Board

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#11

Post by throw1234567891 » Sat, Jul 25, 2026, 5:35 PM UTC

tamimio wrote: post #9

WalterBright wrote: post #6

Earlier quoted context omitted.

It sounds like you're suggesting a barter economy. It works like this: 1. Bob grows oranges, and wants shoes 2. Ted hunts for meat, and wants oranges 3. Sam makes shoes, and wants meat The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.

Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve t…

There are no moneys, only money. I don’t understand your reasoning. Why should a house never become more expensive? I built a house in s remote area, 20 years later the region is much more appealing, public transport, shopping, why should I charge less than the market is willing to pay?

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#12

Post by marcosdumay » Sat, Jul 25, 2026, 5:37 PM UTC

tiffanyh wrote: post #3

Using livestock as collateral is one of the oldest ways to obtain a loan.

It's also one of the most famous recurrent scams in Brazil.

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#13

Post by nubg » Sat, Jul 25, 2026, 5:38 PM UTC

tamimio wrote: post #9

WalterBright wrote: post #6

Earlier quoted context omitted.

It sounds like you're suggesting a barter economy. It works like this: 1. Bob grows oranges, and wants shoes 2. Ted hunts for meat, and wants oranges 3. Sam makes shoes, and wants meat The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.

Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve t…

Did it cost 100k to build? How much was the cement worth? Etc. now to create a house from scratch, you must first invent the universe

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#14

Post by tamimio » Sat, Jul 25, 2026, 5:43 PM UTC

throw1234567891 wrote: post #11

tamimio wrote: post #9

Earlier quoted context omitted.

Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve t…

There are no moneys, only money. I don’t understand your reasoning. Why should a house never become more expensive? I built a house in s remote area, 20 years later the region is much more appealing, public transport, shopping, why should I charge less than the market is willing to pay?

Because a house is a shelter, not an investment, go start a business if you want that. Japan did the right thing and made it a depreciated asset to end this ponzi scheme

>than the market willing to pay

That’s the crux, a market speculation. Well, the market is also willing to pay more for death match gambling, that doesn’t mean it should be there.

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#15

Post by pstuart » Sat, Jul 25, 2026, 5:48 PM UTC

nickphx wrote: post #10

asxndu wrote: post #7

Earlier quoted context omitted.

With what platform? Stripe, Visa and Banks that arbitrarily ban users?

huh? platform? lol. you go to bank with proof of collateral.. get secured loan. wtf does everything need a platform or some VC garbage scrambling to find rent.

because blockchain blockchains!

I must confess I'm enamored with the concept of blockchains, but find their value questionable for the most part.

I even worked for a blockchain startup (non-crypto) but left on less than good terms and a fair amount of PTSD. They were nuts!

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#16

Post by daedrdev » Sat, Jul 25, 2026, 5:50 PM UTC

tamimio wrote: post #9

WalterBright wrote: post #6

Earlier quoted context omitted.

It sounds like you're suggesting a barter economy. It works like this: 1. Bob grows oranges, and wants shoes 2. Ted hunts for meat, and wants oranges 3. Sam makes shoes, and wants meat The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.

Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve t…

This is because our glorious government makes it illegal to build housing. Japan doesnt force anything, their private companies built tons of housing because there is profit to be made and its not illegal without years of reviews, insane taxes, bribes to various orgs, etc.

Your policy doesn’t even work in CA, new housing is absurdly expensive to build and the profits aren't even high.

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#17

Post by mschuster91 » Sat, Jul 25, 2026, 6:03 PM UTC

daedrdev wrote: post #16

tamimio wrote: post #9

Earlier quoted context omitted.

Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve t…

This is because our glorious government makes it illegal to build housing. Japan doesnt force anything, their private companies built tons of housing because there is profit to be made and its not illegal without years of reviews, insane taxes, bribes to various orgs, etc. Your policy doesn’t even work in CA, new housing is absurdly expensive to build and the profits aren't even high.

> Japan doesnt force anything, their private companies built tons of housing because there is profit to be made and its not illegal without years of reviews, insane taxes, bribes to various orgs, etc.

Now, would you want to live in a country with conditions so absurd that "hikikomori" and micro apartments [1] are a thing?

> “A lot of younger people these days don’t have many possessions, unlike older generations – they have a few items of clothing and not that much money, so these apartments are ideal for them,” said Nakama, whose 1,500 micro-apartments have an occupancy rate of 98%.

Yeah fuck that shit. That's just exploitation, and no wonder the few young people that Japan has end up with all sort of mental health issues, no partners and a birthrate near zero. Nothing to own because there's nowhere to store something you own, not enough space to even invite another person over, much less have sex.

Cram me into such an "apartment", I'd go and search for a gun to off myself.

[1] https://www.theguardian.com/world/2023/mar/20/you-could-cook...

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#18

Post by throw1234567891 » Sat, Jul 25, 2026, 6:03 PM UTC

tamimio wrote: post #14

throw1234567891 wrote: post #11

Earlier quoted context omitted.

There are no moneys, only money. I don’t understand your reasoning. Why should a house never become more expensive? I built a house in s remote area, 20 years later the region is much more appealing, public transport, shopping, why should I charge less than the market is willing to pay?

Because a house is a shelter, not an investment, go start a business if you want that. Japan did the right thing and made it a depreciated asset to end this ponzi scheme >than the market willing to pay That’s the crux, a market speculation. Well, the market is also willing to pay more for death match gambling, that doesn’t mean it should be there.

A cave is also a shelter. You gotta distinguish between some investment money buying properties in thousands, and an individual buying a house to maybe sell it for care at a later stage. If I buy a house and renovate everything, bring the standard up, why should I not be allowed to recoup the money.

Never been to Japan, they seem like smart people but they do have some issues, especially with elderly care. Maybe if they could sell their property they wouldn’t suffer loneliness so much.

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#19

Post by derektank » Sat, Jul 25, 2026, 6:05 PM UTC

mschuster91 wrote: post #17

daedrdev wrote: post #16

Earlier quoted context omitted.

This is because our glorious government makes it illegal to build housing. Japan doesnt force anything, their private companies built tons of housing because there is profit to be made and its not illegal without years of reviews, insane taxes, bribes to various orgs, etc. Your policy doesn’t even work in CA, new housing is absurdly expensive to build and the profits aren't even high.

> Japan doesnt force anything, their private companies built tons of housing because there is profit to be made and its not illegal without years of reviews, insane taxes, bribes to various orgs, etc. Now, would you want to live in a country with conditions so absurd that "hikikomori" and micro apartments [1] are a thing? > “A lot of younger people these days don’t have many possessions, unlike older generations – th…

>Now, would you want to live in a country with conditions so absurd that "hikikomori" and micro apartments [1] are a thing?

If it meant I could cut my rental or mortgage bill in half, absolutely. People have different preferences, not everyone needs or wants the same amount of space.

Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits

#20

Post by vvpan » Sat, Jul 25, 2026, 6:06 PM UTC

Real World Assets (RWA) is the hot stuff these days. While it is still early the mega-banks are starting to pile on.

One of the reasons is that any infrastructure built on blockchain is reusable for free by everybody (minus transaction free). Uniswap and Aave have been chugging along for years and are starting to acquire reputation beyond retail. Privacy is moving along as well where you can tokenize, say, bonds and hide the in/out flows with ZK proofs.

You can track RWA issuance here https://app.rwa.xyz/