This is like watching a video explaining mutual funds ,IRAs 401 KS 403bs before they came out in the 1970s it all seem crazy but by early 1980s are witch co we worked for had all employees involved and those funds made us lots and lots of money .what we thought was crazy to begin with was the biggest win win situation and a gigantic move in our savings economy that was and is mind blowing.
You say real world assets , after tokenization, require the oversight of a custodian (at time stamp 1:20). So when I purchase the real estate and get my tokens why is there a need for the custodian. The blockchain should record the transaction that transferred the ownership to me. It appears to me that the tokens only transfer a claim over the property and not the property itself - otherwise why the hell would you need a custodian in the link? This all looks a bit too messy for me.
Indeed. I think the problem is that this has been dreamt up by a midwit, technocrat. How do you deal with real world problems such as squatters if you only own a fraction of the property. Who takes responsibility and who pays for it. The custodian? An agent? These problems don't go away just because you don't need to know anything about the actual asset other than what's on the blockchain. This whole thing only works where the ownership is vertically integrated all the way down - monopolisation. And that won't work long term.
I think what he's talking about is that even if the asset like real estate were to be tokenized you would still have to go through the legal procedures to acquire the house. because there isn't clear regulation on a situation like that I think that's why big money hasn't moved in yet but I'm sure once some kid figures out how to this tokenized world, they're going to arrest him and do exactly that after finding out it works. And taxing it
I think he made the example too complicated. If you just buy the apartment, there is no need for a custodian. However, if you want to tokenize the apartment, you need one. You effectively transfer the deed to the custodian and you get the tokens. It is exactly the same to when you buy an apartment with a loan: The bank has the deed and the ownership and you get the tokens (dollar bills). So it all hangs on whether the law allows the custodian to own the property in lieu of a deed (banks will not do it now because of some capital rules).
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
So what will my tokens look like? Let’s say I now own 400 tokens from the apartment that I’m living ,so what kind of tokens will I get? Are they crypto, where are this token running on ? Ether ? Do I need a special address for the his tokens ?? I want to understand what are this tokens that I will get from the apartment ?? If you know what I mean.
With the help of the Ethereum network or the Hedera network, you can configure, manage and transfer tokens, for example. Many specialized companies also offer software for the tokenization of real estate, so there is no need to go to the blockchain level if you want to tokenize real estate. Technically, tokenization is easy and could be extremely efficient. As a holder of the tokens you can just sell them on a marketplace. But the real questions lie in the regulatory area. In most cases, the legal basis has not yet been defined or the processes relating to land register entries and transfer of ownership have not been digitized. The buyer of the real estate token then could have to sign 100 pages of contractual documents. In Germany, for example, ownership of the property cannot be tokenized at the moment. Ownership of the property must be registered in the land register. The shares in the real estate company that owns the property are then tokenized.
@@fintechbusinessmodels6855 so those token then become crypto ? Let’s say it runs on Hedera for example… then it will be a crypto token inside the Hedera network right ??? Then if so each individual tokens from different real estate will have their on address and name ??? Sorry if I am too slow to understand it.. tokenised assets like real state can not be NFT’s right they need to be tokens like crypto running inside of other networks …
What happens if someone squats in a property you only partially own and you're om the other side of the planet? Whose responsibility is it to kick them out and who pays for whose doing the evicting. Oh you need an agency? And how are they paid - tokenisation? That won't work you'll need a native asset and how exactly do you split that bill via all the different owners who may or not have enough digital currency to help pay for it but have a stake in the property (how do we know - they got the tokens). This only works if you have monopolisation of ownership with vertically integrated asset management. As for as I can see this is another technocratic solution dreamt up by midwits who have no idea of how the real world operates.
So what will my tokens look like? Let’s say I now own 400 tokens from the apartment that I’m living ,so what kind of tokens will I get? Are they crypto, where are this token running on ? Ether ? Do I need a special address for the his tokens ?? I want to understand what are this tokens that I will get from the apartment ?? If you know what I mean.
It's a very clear description of how tokenization works. Thank you.
Your breakdown of tokenomics was incredibly insightful.
The future of finance is definitely in crypto; thanks for spreading awareness!
This video really helped clarify some of the complexities of crypto investing.
Veery interesting
This needs to happen to avoid economic collapse!
This is like watching a video explaining mutual funds ,IRAs 401 KS 403bs before they came out in the 1970s it all seem crazy but by early 1980s are witch co we worked for had all employees involved and those funds made us lots and lots of money .what we thought was crazy to begin with was the biggest win win situation and a gigantic move in our savings economy that was and is mind blowing.
Is that ownership via tokens recognized by law?
I didn't realize Werner Herzog knew so much about blockchain
You say real world assets , after tokenization, require the oversight of a custodian (at time stamp 1:20). So when I purchase the real estate and get my tokens why is there a need for the custodian. The blockchain should record the transaction that transferred the ownership to me. It appears to me that the tokens only transfer a claim over the property and not the property itself - otherwise why the hell would you need a custodian in the link? This all looks a bit too messy for me.
Indeed. I think the problem is that this has been dreamt up by a midwit, technocrat. How do you deal with real world problems such as squatters if you only own a fraction of the property. Who takes responsibility and who pays for it. The custodian? An agent? These problems don't go away just because you don't need to know anything about the actual asset other than what's on the blockchain.
This whole thing only works where the ownership is vertically integrated all the way down - monopolisation. And that won't work long term.
I think what he's talking about is that even if the asset like real estate were to be tokenized you would still have to go through the legal procedures to acquire the house. because there isn't clear regulation on a situation like that I think that's why big money hasn't moved in yet but I'm sure once some kid figures out how to this tokenized world, they're going to arrest him and do exactly that after finding out it works. And taxing it
I think he made the example too complicated.
If you just buy the apartment, there is no need for a custodian. However, if you want to tokenize the apartment, you need one. You effectively transfer the deed to the custodian and you get the tokens. It is exactly the same to when you buy an apartment with a loan: The bank has the deed and the ownership and you get the tokens (dollar bills).
So it all hangs on whether the law allows the custodian to own the property in lieu of a deed (banks will not do it now because of some capital rules).
Music is so loud. Can you please repeat everything without the music?
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
So what will my tokens look like?
Let’s say I now own 400 tokens from the apartment that I’m living ,so what kind of tokens will I get?
Are they crypto, where are this token running on ? Ether ?
Do I need a special address for the his tokens ??
I want to understand what are this tokens that I will get from the apartment ??
If you know what I mean.
With the help of the Ethereum network or the Hedera network, you can configure, manage and transfer tokens, for example. Many specialized companies also offer software for the tokenization of real estate, so there is no need to go to the blockchain level if you want to tokenize real estate.
Technically, tokenization is easy and could be extremely efficient. As a holder of the tokens you can just sell them on a marketplace. But the real questions lie in the regulatory area. In most cases, the legal basis has not yet been defined or the processes relating to land register entries and transfer of ownership have not been digitized. The buyer of the real estate token then could have to sign 100 pages of contractual documents. In Germany, for example, ownership of the property cannot be tokenized at the moment. Ownership of the property must be registered in the land register. The shares in the real estate company that owns the property are then tokenized.
@@fintechbusinessmodels6855 so those token then become crypto ? Let’s say it runs on Hedera for example… then it will be a crypto token inside the Hedera network right ??? Then if so each individual tokens from different real estate will have their on address and name ???
Sorry if I am too slow to understand it.. tokenised assets like real state can not be NFT’s right they need to be tokens like crypto running inside of other networks …
@hbusinessmodels6855If there is no need to go to the blockchain level, then how does Ethereum or Hedera come in to play?
The subject is great but WHY this annoying music in the background? It's so distracting. Pls consider this. Thanks
sec will never allow this... dream on
What happens if someone squats in a property you only partially own and you're om the other side of the planet? Whose responsibility is it to kick them out and who pays for whose doing the evicting. Oh you need an agency? And how are they paid - tokenisation? That won't work you'll need a native asset and how exactly do you split that bill via all the different owners who may or not have enough digital currency to help pay for it but have a stake in the property (how do we know - they got the tokens).
This only works if you have monopolisation of ownership with vertically integrated asset management.
As for as I can see this is another technocratic solution dreamt up by midwits who have no idea of how the real world operates.
XRP
Take out electricity. Ends the stupid idea
So what will my tokens look like?
Let’s say I now own 400 tokens from the apartment that I’m living ,so what kind of tokens will I get?
Are they crypto, where are this token running on ? Ether ?
Do I need a special address for the his tokens ??
I want to understand what are this tokens that I will get from the apartment ??
If you know what I mean.