Austrian Gov to issue $1.3b of bonds on ETH public blockchain
Things should lighten up for me soon. You can probably expect me to push out content in late Oct and start finalizing and posting my 100+ drafts entries.
Anyway, interesting news, just wanted to share this tidbit.
The Austrian government will be issuing out 1.15b EUR of bonds over the public Ethereum blockchain.
That's right. The PUBLIC chain. The chain that me (and maybe you) holding ETH is part of.
Obviously, this is of no surprise if you read the Nov 17 Project Ubin piece I wrote, crypto securities are one of the lowest hanging fruit to take.
In May 18 I was talking about how crypto securities will be YUGE.
Later in July 18 I followed up with a bit more bullish developments on crypto securities.
Securities being packaged as crypto should not be a surprise. It's blindingly obvious. It's an extremely logical step forward, and the step that many people are taking, planning to take, and will take.
What is actually more interesting is the fact that the issues will be done on the PUBLIC Ethereum blockchain.
Why is this important?
I wrote a post why "blockchain" in itself is not a bullish factor for crypto investors, since "blockchain" does NOT require any cryptocurrency to be used.
A lot of extremely stupid people still get things mixed up and don't bother to learn the difference. Meh.
I don't care as long as I make money. My job isn't an educator. My job is a blogger to write about my experience and views. If you can learn from my sharing, that's fantastic. If not, oh well. Can't save the world, can I?
This bear market is tough, but remember, the only number that matters is on the day you decide to cash out.