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/biz/ - Business & Finance

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13110066 No.13110066 [Reply] [Original]

Signs point toward FLO being a sleeping giant with 100x moonshot potential

Background:
FLO has connections to tZERO which aims to provide the first platform in the world which allows for the trading of blockchain backed securities. Issuing traditional securities on the blockchain is one of the most promising new applications of blockchain technology, and Wall Street is positioned to be heavily disrupted by it. To put things into perspective, the U.S. stock market alone is worth over $30 trillion, and tZERO aims to capture as much of that value as it can.

Evidence:
-If you scroll down on the Overstock-backed tZERO website you will see a Demo Videos section. The video of interest is the one on DLR. At exactly 01:28 into the video, the speaker begins going into detail on how trade history and details are stored on the FLO blockchain
https://www.youtube.com/watch?time_continue=88&v=VjM-m8IZrT0
- Further strengthening Overstock's connection to FLO is through its subsidiary Medici Ventures which aims to build a property rights registry on the blockchain, and what blockchain are they using? None other than FLO. In fact they will be presenting at a World Bank conference tomorrow
https://medium.com/floblockchain/medici-land-governance-to-be-showcased-at-the-land-and-poverty-conference-with-the-world-bank-dd371694d97

BottomLine???
tZERO will most likely be using FLO to store the record of every single trade that occurs on its platform. In order to store information on the FLO blockchain, FLO must be spent, and that is for each and every transaction.

To put the disruption into perspective, roughly 2–6 billion shares are traded on the NYSE each day. Can you imagine how much FLO it would take per day to store the trade history on the blockchain, if tZERO were to capture even 5% of that daily trade volume? That is exclusively using the NYSE as an example.

>> No.13110108

please shut the fuck up marslander

>> No.13110130

>In order to store information on the FLO blockchain, FLO must be spent, and that is for each and every transaction
what happens to the spent tokens?

>> No.13110163

>>13110130
they get burned friend, thats whats insane, this coin will mint millionaires like nobodies business

>> No.13110232
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13110232

They don't get burned. They get sent to miners, just like in bitcoin and litecoin

>> No.13110256
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13110256

>>13110163
So storing the trade history will take lots of coins, coins that will be rising in price and falling in number.
The NYSE will need to buy said tokens from neets just to keep operating at higher costs each passing moment hmmm...

>> No.13110518
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13110518

bump

>> No.13111428

>>13110163
Literally untrue, why would you lie blatantly like this?

>> No.13111554
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13111554

>>13110163
False

>> No.13111558

>>13111554
Remember, the code was written in 2013