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by KasianFranks·2y ago·view on hn ↗
The days of the tired overblown mantra among certain software engineering camps, many of which are funded by public capital markets, continuing to beat the drum of "all crypto is a scam" are over. Having an understanding and appreciation of how public capital markets work is key. Not many have this understanding and appreciation. The capital markets were designed to enable a company to raise capital aka funding. Crypto now represents a truly global capital marketplace accessible to all, not just to accredited investors in the US. Bottom line.

Key points to remember:

1. Crypto is not a currency, it's a trading vehicle similar to a stock, junk bond, debenture, options or futures contract.

2. Regulated security tokens/crypto that represent equity ownership in a company with real products and with real revenue generating capability is the future of crypto.

It's important to realize the advantage of a truly global capital marketplace represented by regulated security tokens connected to the equity of a company/startup which provide a company/startup the ability to raise funding, create jobs, get salaries paid, fund operations in science and techology in any indusrty which provide a return on investment capital (ROIC) to stakeholders and shareholders at the same time.