Michael Saylor: Many token issuers do not want to decentralize, but rather aspire to enter the capital market
On March 29, Strategy (formerly MicroStrategy) founder Michael Saylor said in an interview that many token issuers are actually "pretending" to decentralize. They don't really want to decentralize, but rather aspire to enter the capital market.
The use case of digital tokens is for creating capital and innovation. Whether it's TRUMP coin or people like Katy Perry and Joe Rogan issuing coins, whether it's smart contract tokens or utility tokens (like those that allow me access to a music library on a website), or possibly a super complex token and/or NFT, it's actually very convenient. But if you register as securities, you need to invest heavily in costs; you need lawyers and accountants, and every year you have to invest huge amounts of money to ensure compliance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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