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January 03, 2020, 05:30:25 AM |
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TERMINOLOGY MATTERS!
prime layer:: coins aka MONEY! (not liquidity of the day) Benjamin Graham — 'In the short run, the market is a voting machine but in the long run, it is a weighing machine.'
This is BTC, LTC, and perhaps ETH. Gold, Silver, and Coppers. The factors are consensus of TX. Backend, end of the day settlement. *HINT not cheap, not fast.
secondary layer :: decentralized exchanges aka publishing clearing houses This is the voting machine itself (NOT the COINs). The factors are thru-put of TX, and cost to TX for user. *HINT cheap and fast.
tertiary layer the DAO. Agnostic towards platform. Will migrate to the new NEW platform.
The factors are community/teamwork. Preformance I/O, investments go in, product/service/goods come out.
level 4 People, SSN identity, but anon and on the chain. Facebook + Linkin. Signatures = Authorized.
level 5 Things, iot SKU identity, think wiki++, qualified auditors/inspectors, issue qualified things COA.
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