Could stock crypto currencies destroy bitcoin?

[Deylandra]

In the future, stocks will likely be traded on blockchains as tokens.

If you have 100 shares of Apple Stock in a blockchain wallet as tokens, and you can freely transfer those tokens like digital money, what affect could this have, if any, on bitcoin?

You could literally walk around and pay for everything with Apple stock.

For greater stability, you could use a stock index fund as your digital money.

Back in the day, all money was backed by gold to give it intrinsic value.

What if in the future, all money was backed by stock index shares, thereby giving it intrinsic value and (relative) stability?

Instead of using dollars that have inflation, all money would provide return on investment in proportion to stock market growth.

And if you can use digital tokens that have intrinsic value, does it make sense on a philosophical level, to use a token with no intrinsic value?

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[Andrey123]

There is no future, it's just someone's imagination.
Shares of companies, dollars, euros, gold this will all be and will not go anywhere.

Crypto currency is too unpredictable to completely switch to it.
Either all heads of state of the world should introduce a single currency.

But this will never be, because all are corrupt and easier to buy a yacht for stolen dollars than for some Apple tokens.

[redhondaxrm125]

Wow, this surely is quite a very interesting topic. To be honest, I never really thought about this until I saw this post. Do you have an article that says In the future, stocks will likely be traded on blockchains as tokens that explain this claim more thoroughly or is this just a speculation? Because if there is, I would really love to get the chance to read it. But if this is just a speculation, I would say that it has a possibility but cannot happen yet in the next few years. I would also love to see other insights about this one. Will be watching this thread.

[vaconroco]

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[Xester]

In the future, stocks will likely be traded on blockchains as tokens.

If you have 100 shares of Apple Stock in a blockchain wallet as tokens, and you can freely transfer those tokens like digital money, what affect could this have, if any, on bitcoin?

You could literally walk around and pay for everything with Apple stock.

For greater stability, you could use a stock index fund as your digital money.

Back in the day, all money was backed by gold to give it intrinsic value.

What if in the future, all money was backed by stock index shares, thereby giving it intrinsic value and (relative) stability?

Instead of using dollars that have inflation, all money would provide return on investment in proportion to stock market growth.

And if you can use digital tokens that have intrinsic value, does it make sense on a philosophical level, to use a token with no intrinsic value?

Stocks could not possibly be traded in the form of blockchain tokens. Stocks exchange have a very strict regulations compared to crypto exchanges who are just starting in business. If those regulations will be also applied to crypto exchanges then those exchanges will die due to high taxes being imposed by the government.  The moment a government treats cryptocurrency as stocks and will apply the same fees as those with the stocks exchange then all of the crypto exchange will shutdown.

[cool kong]

The BTC is a symbol of encryption, and if a stock is issued, the price may keep rising in the short term, but in the long run the BTC is the most valuable.

[Sir mikolo]

“If we start using this on a global scale, it will kill the planet.”
Accounting firm PwC estimates the use of electricity to mine Bitcoin has increased by 30 per cent over the last month as more people begin to buy into the valuable cryptocurrency.
Christopher Chapman, an analyst for Citigroup, said: “This has become a dirty thing to produce.”.
Vast servers are used around the world to mine the currency while there is still time – however some are attempting to turn to greener means of producing the coins.

[Mike1992]

The high-value cyber-currency, which is currently valued at more than £15,000 ($20,000) per unit, has become ever more popular as it ascends from the cash choice of cyber-experts to a tradable asset for the general population.
But experts have warned Bitcoin could “kill the planet” due to the amount of energy required to mine the currency.
Mining is the means of generating bitcoin, and works by using specialist computer software to solve complex equations in return for the currency.
While the circulation of traditional currency is balanced by governments printing bank notes, Bitcoin relies on the mining strategy to dictate the amount of the cash in existence.

[Mikolo11132]

In Austria, Hydrominer IT-Services GmbH place their servers inside hydro-power plants in an attempt to use clean energy.
Founder Michael Marcovici, said: “It is bad for bitcoin to have this news all the time about this dirty energy.
“People don’t want dirty energy to be used.
“But the problem is, in Europe, the energy is just too expensive.”

[rahul10948]

Really good question....The answer to this question is not simple though....If talking to current senaario where crypto is not even the 1% of total stoke...yes it can destroy...but on the on there hand is Bitcoin is not centerlized...so it's hard to surpress it...in that sense no

[BitcoinHodler]

first of all what would be the benefit of something like that for the company to offer their shares as a blockchain token specially since tokens means relying on another platform that can easily burn to the ground and disappear overnight?!!!

secondly why would something like that even remotely relate to bitcoin which is a currency and affect it let alone destroy it?!!!

[callmeback]

Not at all because your just securing your future. While the circulation of traditional currency is balanced by governments printing bank notes, Bitcoin relies on the mining strategy to dictate the amount of the cash in existence. The moment a government treats cryptocurrency as stocks and will apply the same fees as those with the stocks exchange then all of the crypto exchange will shutdown. But if this is just a speculation, I would say that it has a possibility but cannot happen yet in the next few years.

[BinarySoul777]

Take for instance Marinecoín compared to Bitcoin which requires a high amount of hashrate/energy consumption to process transactions. MarineCoín has a fast/low energy profile. It has the potential to revolutionize things. Visit them before the airdrop ends. It is dev-less and is ecosystem friendly. 20000 Marinecoíns for proof of promotion to each community member. Marinecoín block chain is 500x faster than bitcoins. There is zero fees for transactions and has time dilution technology.

[1C6fV5DtakfKANLJ8GUV7hCaA]

It won't happen for the existing stocks right now. We have a chance though to create ours in a matter of time. Metals can be sold on the blockchain if someone just starts doing it. But as for blue chip stocks, highly unlikely.

[The_Dark_Knight]

In the future, stocks will likely be traded on blockchains as tokens.

If you have 100 shares of Apple Stock in a blockchain wallet as tokens, and you can freely transfer those tokens like digital money, what affect could this have, if any, on bitcoin?

You could literally walk around and pay for everything with Apple stock.

For greater stability, you could use a stock index fund as your digital money.

Back in the day, all money was backed by gold to give it intrinsic value.

What if in the future, all money was backed by stock index shares, thereby giving it intrinsic value and (relative) stability?

Instead of using dollars that have inflation, all money would provide return on investment in proportion to stock market growth.

And if you can use digital tokens that have intrinsic value, does it make sense on a philosophical level, to use a token with no intrinsic value?

What you are suggesting is a world that is hyper connected and where everything could be used as a currency, it is not a bad future but it is going to take a lot of time before we reach anything close to what you are suggesting, I do not think we are going to reach that point where a business can accept hundreds of coins, at best we are going to see a business accepting bitcoin and some additional cryptocurrencies.

[Raggie]

the stock cannot destroy bitcoin. if bitcoin will be destroyed by the stock in the future,
many peoples now sell their bitcoin now because they know bitcoin value will be destroyed later.

[Kakmakr]

The Stock markets are being controlled by a bunch of old school economists with old money that was passed on for centuries. They have perfected the art to manipulate the markets with very clever investment tools. Do you really want these people to determine the destiny of Crypto currencies in the future?

Most stock markets are due for a massive correction, so linking Crypto currencies with these stocks now, will be stupid.  ..Let them ruin the Fiat system and leave Crypto currencies for the new money.

[green_fish]

The stock is also an investment way, and the encryption currency!

But there won't be an encrypted currency! This assumption does not exist at all!

The digital encryption money market is small compared to the stock market!

[malikusama]

There is no future, it's just someone's imagination.
Shares of companies, dollars, euros, gold this will all be and will not go anywhere.

Crypto currency is too unpredictable to completely switch to it.
Either all heads of state of the world should introduce a single currency.

But this will never be, because all are corrupt and easier to buy a yacht for stolen dollars than for some Apple tokens.

Probably you misunderstood, actually shares in stock market are backed up by companies revenue, the OP has just stated that we will use cryptos instead of stocks which will be backed up by those companies. In short everyone will buy shares in terms of cryptos which will be easy to handle and to keep in touch all the time.

[Happydd]

I think these two areas may not be affected. Electronic money stocks belong to many currencies, not just bitcoins. And bitcoin is not because of market failure but destruction. However, they have a price effect.