Investors Flock to Tokenized Diamond as Crypto Banking Crisis Props Hard Assets

#Investors #Flock #Tokenized #Diamond #Crypto #Banking #Crisis #Props #Hard #Assets

guest
26 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Starzz_1

I don’t understand these tokenised versions of physical things. It’s like investing in gold online but having someone else hold it. The value actually comes from the physical item. Without that it’s worthless

pizza-chit

A tokenized bad investment?

Kind-Evening2778

Honestly, if this story wasn’t already posted on this sub earlier, I would’ve seen this headline with the cover image and mistaken it for satire

liveaskings

What every woman wants to be proposed with

8512764EA

No thanks

Honey_-_Badger

Tokenized diamonds as in IOU diamonds.

pbjclimbing

My wife would be pissed if I gave her a tokenized diamond for her birthday

BlubberWall

If your investing in physical commodities, actually own them. Not in your safe, not your diamonds/gold/silver/whatever else

chintokkong

Not sure if diamonds are as trusted as gold, but they are rather small and light anyway, so why not keep the actual physical diamonds rather than tokenized ones?

Tiffany, Cartier?

subredditlurker69

Diamond hands?

DadofHome

Diamonds are a girls best friend ..

But moons will bring you wife changing money ..

emp-sup-bry

This Is A Great Headline

Also, this seems subliminal. Harrrrrrrrd asssssetsssss

yuruseiii

Tokenized diamonds?! What’s next – tokenized lithium? Tokenized platinum?

zoomercoomer9000

Personally wouldn’t invest for a few reasons.

1. Diamonds are not as rare as people claim

2. There’s no way to verify whether your token represents a natural or lab-grown diamond

3. This business in particular used Silvergate
as its primary banking partner, and still uses a Silvergate subsidiary

4. They’re using a centralized ledger to track orders

^5. ^I ^can’t ^afford ^to

TabletopThirteen

It’s also why I like buying PAX gold

TheGreatCryptopo

Wait up, you can tokenize diamonds? Can you tokenize ramen, in rough times I can just get tokenized ramen and live off them for weeks on end.

wanderer00002020

Interesting, great use case tokenized assets.

I expect tokenized assets to be pretty big in the future from anything from real estate to luxury goods.

Justreadingcomment

Wtf is that?

nichnotnick

The tokenization of diamonds makes no sense to me.

charvo

The only hard commodity token I know of is paxg. Anything else?

SpaceMan639

This is actually pretty fkn genius. If people will buy squid token they sure as hell will buy this.

fanriver

this is so weird

MyWayToTheTop

How stupid could people actually be?

Shiratori-3

De Beers sees this, eyes its warehouses of diamonds and licks its lips.

tied_laces

Wow . Well that’s fucking stupid. Real diamonds are worthless. People are buying that instead of Bitcoin?

South-Security-Mouse

I just want tokenized BTC

Recent Posts