Real World Assets, AI Trust, and the Crypto revolution

[cryptoknightt]

I think there are not too many projects being built based on RWA at the moment and they are still in the development stage.
I guess people buying coins and holding them then making a profit is enough for now, because that's how the crypto market was introduced back then.

[1714681750]

1714681750

[o48o]

Because, in reality tech isn't here yet. There are ton of hurdles to overcome. You don't hear about tokenized property because it doesn't make any sense yet. You can't move legal rights with just a token. As an example what would happen to the rights if you forgot your private key? Or if your private key is stolen? And when you need legal documents, kyc, ability to reverse transaction with that token, that makes the token meaningless.

Token isn't a legal contract for many reasons, but AML laws come to mind first, and after that consumer protection laws. I could go on but that pretty much covers the main problems.

theres already tokenized gold and many things becoming NFT. So for property probably will be more complicated procedure for things like legal right but with favorable regulation it is feasible

That's really not what i was talking about. Because that "tokenized gold" is whole different issue. You are talking about synthetic assets, they are just mimicking the value of gold or stock or whatever. These are nothing new or revolutionary. Nor they are in any way near the problem that needs to be solved, and that is to trade actual tokenized properties or stocks in permissionless way, that would come with transferring legal rights with them.

There are projects that are trying to solve these issues, but there are so many unanswered and unsolved issues left that i personally and very skeptical if they are ever going to be solved in a way that would be cheap and secure enough to be adopted.

[MarvieJ]

So here's my question bitcointalkers, how could crypto shape real world assets and AI positively? What potential excites you the most? Let me know your thoughts on these groundbreaking developments!

To be honest with you, the fact that I can invest in Bitcoin, hold it for some years, and make a profit excites me already. Another thing is the volatile nature of Bitcoin and some other cryptocurrencies, which are being traded on futures trading and allow traders to make short-term profits due to their volatility. There is nothing more serious I really desire from crypto because it's already cool the way it is going and Bitcoin being the lead coin in the market.

There is some hype surrounding the use of AI in the crypto space, and some people have confirmed using AI to carry out their trades, and they agree that it's a great help. Although many traders have not yet confirmed the success rate of AI traders, which means that there are still a lot of limitations to it, if AI trading bots can be improved to be able to make 90% success in trade, that will be cool.

Truth is I haven’t really had that courage to tryst the use of AI to single-handedly carry out my trades lol, I just prefer to open and close my trades , buy and hodl any assests I find potential. I think the only thing have done is copying others trades on bitget . They do have good elite traders with success rate recorded, i only alt for it when am extremely busy but i have never used their ai bot trading

[MarvieJ]

The tech is here yet i dont know why i hear nothing about tokenized property/real estate, or a platform to create this things. But i hope as crypto get more adoption and favorable regulation i can see more things like that soon

I realize the Web3 and Blockchain space is so broad that if you're not in a circle where conversation about the innovations in these space is constantly shared, there's no how you'd hear anything about it. Just saying that now you're aware just like I am. Property/real estate is one area I'm keenly interested in. I will explore the project more indebtly.

I think there are some crypto projects too pioneered towards real estate , it’s a sector I’ll also wanna take a peep into

[Saucemann]

from my own Pov Ai is here to help us and make our life easier but not to do everything for us like some students now don't do assignment they just copy and paste from Ai and it's affecting the brain capacity et all i'm so much interested in RWA project because they give me this confidence the project tends to stay and give good results

[uneng]

So here's my question bitcointalkers, how could crypto shape real world assets and AI positively? What potential excites you the most? Let me know your thoughts on these groundbreaking developments!

Cryptocurrencies can be used as powerful means for developers to make their products accessible and reachable by people from every corners in the world, through this decentralized technology. It removes the bureaucratic factor when launching a product and trying to make it highly adopted by customers. It has already shaped the world of assets and investments, considering we have access to profitable investments through platforms which are hosted in another continents, without having to pass through any local state's parties and agencies in order to invest and cashout profits.

Regards AIs, they are just another product offered by developers, which can be negotiated through cryptocurrencies. Shares of an AI company could be developed in cryptocurrency format, which are scarce and would be disponible in a decentralized way for investors from the whole world. The concept is pretty simple and works nicely. The issue is that most developers don't create anything for real. That is, there isn't any final product to be launched, and they make income only over empty promises and speculative hypes.

[Saucemann]

What the world is revolutionation into currently is mainly improving the power of Ai and i'm ready for it already i don't really know about other people