> We take the cow, which is a real and tangible asset, and transform it into a digital asset
Fine... if you don't need the cow too.
Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
21–30 of 55 posts
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#22"It also includes built-in safeguards that allow the farmer to swap one dead cow for a live one."
Is that backwards? If you own the token for a cow, and it dies, what happens?
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#23Earlier 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.
even the title says the bank does not give you the loan
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#24Earlier 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…
Why use suicidal hyperbole. It’s low class along with the language.
I don’t know if what you stated is enough evidence to prove much of anything either. Just because building housing is cheap and quick in Japan does not mean it needs to be small.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#25Earlier 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…
> money printed or valued should be based on tangible assets
The US had such a system before 1914. Money was exchangeable for gold at a fixed rate. That system was destroyed in 1914 with the Federal Reserve Act, and the inevitable result was endless inflation and debasing of the currency.
The once common compliment "sound as a dollar" has vanished from the lexicon.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#26Earlier 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…
> obviously such thing needs to be done in an authoritarian manner
The value of a house is determined by the Law of Supply and Demand. Endless attempts to legislate that away have all resulted in failure.
If there are 50 houses, and 100 buyers, the buyers willing to pay more will get the houses. No amount of authoritarianism is going to change that.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#27Real 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…
How can it be hot? Real means that it has a tangible value, a ceiling and so it cannot be charged up by the psychological hypetrain of the 'new paradigm' and also the financial hypetrain of number going up.
It is a pretty confined upside if anything
I looked into it years ago when I wanted to tokenize small firefighting planes and helicopters hoping that being the person in charge of the entity doing the tokenization I could be staying at the premises of the private companies that lease the planes and helicopters and hold the contracts to do the actual firefighting.
My hope was that being identified as the 'owner of the planes' eventually the crew would allow me to fly the missions as a +1 even though I don't have the licenses.
But never crossed my mind that this could be make me a millionaire
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#28Real 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…
> Real World Assets (RWA) is the hot stuff these days.
> Uniswap and Aave have been chugging along for years
How hot? I haven't heard of it or them, but that's hardly strong evidence. What do you see?
> One of the reasons is that any infrastructure built on blockchain is reusable for free by everybody
Does that have an impact?
I doubt consumers care about free. They certainly care about high levels of integrity (my money is safe) and availability (I can access my money), as well as profit (interest / gain). I've never heard a consumer say, 'I use Bank Z because their financial operations run on FOSS.'
Mega-banks would seem to dislike FOSS. They want barriers to entry; they will find it inefficient, frustrating, and very limiting - with a significant and direct impact on their bottom lines - to deal with a bunch of amateurs. That's why you're not allowed on the trading floors, electronic or physical, and Goldman Sachs directors won't take your calls (until you establish yourself).
I suspect free matters to undercapitalized startups, amateur financial services, and hackers interested in innovation in this area.
But again, there's a lot I don't know ...
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#29"It also includes built-in safeguards that allow the farmer to swap one dead cow for a live one." Is that backwards? If you own the token for a cow, and it dies, what happens?
There’s a credit agreement that will spell out those details:
> To turn cattle into trusted financial guarantees or collateral without requiring inspectors to visit the property, Cowmed equips cows with an AI-powered Smarty Collar. These collars constantly monitor health, behavior, and location. The raw data is then converted into an encrypted digital identity tied directly to the B3 credit agreement. [Emphasis mine]
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#30Using livestock as collateral is one of the oldest ways to obtain a loan.
But how do investors collect on this collateral? Do they have any legal leverage? And how does blockchain help them?
Blockchain and tokenization would seem to help with transactions with investors who are far away who don't know the farmers personally. Again, how do they collect?
And if you're local and know the farmer, why do you need blockchain? A spreadsheet, a piece of paper, or just a handshake would do.