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A comment on Helium has revenues of $6.5k/month after $365M investment from A16Z. Parent comment

Re:Helium has revenues of $6.5k/month after $365M investment... by cuteboy19 on Tuesday July 26, 2022 @10:07AM (#32238460)
It doesn't do anything useful so the 10x really is meaningless if it was ever claimed by anyone in the first place.

For example you need to have locked $400 of some token for a "loan" of $100. How is this efficient?

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Re:Helium has revenues of $6.5k/month after $365M investment... by tarunmuvvala on Thursday August 04, 2022 @05:33AM (#32340924)
Today the securities are on paper and not linked to each other.

if just making them on-chain improves the provability that an asset is not getting leverage multiple time in an ecosystem

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Re:Helium has revenues of $6.5k/month after $365M investment... by cuteboy19 on Thursday August 04, 2022 @04:20PM (#32347807)
You can trade Bitcoin on an exchange that never handles Bitcoin. Synthetic securities can always be constructed regardless of how the original securities are represented. In this sense blockchain isn't much better than og paper shares
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