6-3a2 How you have something can (and will) matter more than what (you think) you have (e.g., DEX vs CEX - DEX will counter Maximalists movement)

own

Holding shares at brokerage account is analogous to holding cryptocurrencies at CEX—the physical stock certificate is analogous to crypto held in self-custody wallet. The former is claim to the latter (in the case of crypto the latter is the good, and in the case of shares the latter is part-ownership of the good while the former is a claim to the part-ownership).

“The share is evidence of part-ownership, or a claim to part-ownership, of a good.”

Related:

• 9-2b1 情報媒体が情報自体よりも情報力を持つこともある
  • 10-2g3a Everything is (or more precisely, became) symbol. Social values-knowledge-structures themselves are symbols represented by non-explicit forms (e.g., traditions and habits) interpreted non-explicitly (‘流れ込む情報’).

Next:

• 6-3a2.1 How you achieve something matters as much as what you achieve

7-1b4b You can let the tech decide what are the problems to be solved. Otherwise, it will decide by itself. It’s about possibility and not about should.

QUE5 - Who owns them

• 2020s is seeing coins coming off exchanges (check Glassnode)
  • DEX led to pulling money off of exchanges
  • DeFi might counter Maximalists movement (check Dune or Nansen)
    • [Interesting paradox and somehow reminds me of the Protestant Reformation]develop