In Introspection: Digital & Physical Assets

In Introspection: Digital & Physical Assets by @jj-finance on 3Speak

▶️ Watch on 3Speak --- Hello, every one it's @Joetunex and @Josediccus here again, in this video we talked about physical and digital assets and how their ownership seems to have been redefined. We...

Tags: #asset #leofinance #cent #neoxian #ctp #archon #waiv #proofofbrain #vyb

Comments

@humbe: Great topic guys! ✨ Indeed, finding a balance between the two is the best option as they both come with different risk exposure. When owning a physical asset one needs to consider continuous investment in maintaining them and paying insurance as some of them deteriorate over time. And the transfer of physical assets can be frustrating due to many regulations and having to register the new owner. One even gets charged a lot of money just to transfer a property to their name and registration fees too if they are to buy from someone. Also, there is a tax to pay when selling the property and your kids will also pay inheritance tax when they inherit some of your physical assets or money. That alone just makes one not have maximum ownership of their money. Meanwhile, digital assets are easy to transfer and one does not need a middle man for that. At least for now, we do not have regulations that take a portion of what we own. But that also makes it hard to insure them for theft or loss. And what you guys mentioned is indeed a great benefit not having the risk of losing your assets from natural disasters. Although this also means trusting the sustainability of a platform one invests in and the high risk of not being able to recover your assets be it due to a scam or losing access to them forever. So indeed balance is key!

@takhar: Great discussion! I didn't see it that way before. I was with the impression that digital assets with eventually replace physical assets. I guess it's because of our progressive nature like josediccuss pointed out. We're always going into the future while ignoring the present or past. Digital assets indeed enhanced physical assets through overcoming its limitations but it's purpose isn't to replace physical assets in its entirety.

@aftersound: Great discussion gentleman! Also cool getting to see @josediccus live on screen after getting to know you through your blogs! I completely agree that digital assets will not replace physical ones you can't live inside a virtual house for example. But like you, I do believe the ability to transact and trade in digital assets is much easier and as such the market will reprice itself to put more value into these.

@josediccus: @tipu curate 4, it was indeed an amazing session

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