Thanks! I get the divisibility thing, but why is it harder to retroactively fund IC holders with physical objects? Can’t you just buy the object and add it to your collection? Isn’t this basically how art works already—Museums pay millions for a painting from long-dead artists, so smaller collectors pay hundreds of thousands, and individual rich people pay tens of thousands.
I agree that they probably have a good system in place for electronic tabulation, but museums generally don’t trade art at high speeds across many, many actors.
And it seems desirable to have ICs trade at volume and speed, which I think museums probably don’t have the specialized infra for, but blockchain does.
Thanks! I get the divisibility thing, but why is it harder to retroactively fund IC holders with physical objects? Can’t you just buy the object and add it to your collection? Isn’t this basically how art works already—Museums pay millions for a painting from long-dead artists, so smaller collectors pay hundreds of thousands, and individual rich people pay tens of thousands.
Having electronic tabulation means that you can allow transfers to happen quickly, and you can also disburse funds more quickly to holders of the ICs.
I would imagine that keeping a consistent record of who holds a physical item would take longer to verify and maintain.
These problems seem like they’ve been solved satisfactorily by museums and the associated industries, though.
I agree that they probably have a good system in place for electronic tabulation, but museums generally don’t trade art at high speeds across many, many actors.
And it seems desirable to have ICs trade at volume and speed, which I think museums probably don’t have the specialized infra for, but blockchain does.