Matt Levine’s Money Stuff: Blockchain Lets You Bet on Stocks


    July 6, 2021, 4:49 PM

    Mirror

    If you really love blockchains, one thing you might want is to buy Tesla Inc. stock on the blockchain. (People who love blockchains also tend to love Tesla stock.) How could you do that? You might imagine the following naive approach:

    1. Set up, like, Tesla Blockchain Trust.
    • 2. Tesla Blockchain Trust issues a bunch of TBT tokens for cash on your preferred blockchain, selling one TBT token for roughly the current price of a share of Tesla stock.
    • 3. Tesla Blockchain Trust uses the TBT token sale proceeds to buy Tesla stock and keep it in a pool.



    Source link

    Previous articleNow earn interest like bank savings account on your Bitcoin wallet
    Next articleStore and Charge Your Apple Gadgets In Kensington’s New StudioCaddy – Review Geek