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Why Tokenization Could Be the Most Important Economic Innovation of Our Lifetime | Bruce Fenton @BruceFenton is a longtime Bitcoin advocate since 2012, securities professional, and one of the early pioneers of tokenized securities. He is the founder and CEO of Chainstone Labs and founder of Atlantic Financial. Alongside Overstock founder @PatrickByrne, Bruce was involved in some of the earliest efforts to bring securities and financial-market infrastructure onto blockchain rails. In 2018, he tokenized equity in his own company, Chainstone Labs, on the Ravencoin blockchain—years before tokenization became one of Wall Street’s biggest narratives. In this episode, Bruce breaks down naked short selling, the plumbing behind traditional securities markets, and why he believes much of the problem is ultimately a ledger problem. We dive into questions such as: Who actually owns the stocks sitting in your brokerage account? How can shares be lent and rehypothecated? What role do brokers, clearing firms, DTCC, and Cede & Co. play in determining who owns what? And could blockchain replace an opaque system of claims and intermediaries with a transparent ledger showing exactly where an asset is and who owns it? We unpack what “tokenized stocks” actually means—and the important distinction between a token that simply gives you exposure to a stock’s price and a security issued natively onchain, where the token itself represents the actual share and the ownership rights that come with it. Bruce discusses how tokenization could allow smaller businesses to tokenize ownership and have their stock traded globally without needing to be listed on a traditional exchange like the NYSE, as well as what a future without KYC could look like. Finally, we get into Wall Street’s embrace of tokenization, the SEC’s evolving approach to tokenized securities, and one of the biggest questions surrounding the future of this technology: who ultimately controls these new financial rails? Remember to subscribe and hit the bell “🔔” icon to get notifications 0:00 Bruce Fenton & Patrick Byrne: Pioneers of Tokenized Securities 3:36 Naked Short Selling Explained 6:28 Who Actually Owns the Stocks in Your Brokerage Account? 12:00 Tokenization Solves Wall Street’s “Ledger Problem” 15:48 What Are You Actually Buying With Robinhood’s Tokenized Stocks? 16:48 Real Tokenized Stocks: When the Token IS the Share 21:46 Tokenization Could Open U.S. Markets to the Entire World 22:52 Why Companies May No Longer Need the NYSE 26:29 Could Tokenized Markets Exist Without KYC? 29:31 Bruce Tokenized Equity on Ravencoin in 2018 30:53 Will Blockchain Make Clearing Houses & DTCC Obsolete? 33:17 Could Tokenization Have Prevented the GameStop Crisis? 38:19 Wall Street Is Embracing Tokenization — Who Gets the Power? 40:20 The SEC’s New Tokenized Securities “Innovation Exemption” 42:57 Why Robinhood’s Tokenized Stocks Don’t Qualify 47:01 Could Everything Eventually Be Tokenized? 51:02 The Dystopian Side of Tokenization: Surveillance & Asset Seizure

Sophie Rain REVEALED she has never been fully naked on her OF despite men paying $499 a month ….. “the price of a latte.” 😭💰 She says she does it because there are many lonely men in America who need attention, and she’ll never get fully naked on camera, only wearing bikinis with the occasional minor slip-up.

I am bewildered, and not very impressed, by the visceral, naked, irrational hatred spat out by some defenders of Jason Arday. If a Cambridge professor is accused of being an unqualified charlatan, the accusation might be racially motivated. On the other hand it might not, depending on the evidence. The correct question to ask is not, ”What is the colour of his skin” but “Is it in fact true that he is an unqualified charlatan?” Please examine the evidence before leaping to the assumption of racism. As for the idea that journalists “piled in on him” and “hounded him to his death”, most attacks were against Cambridge University. Jason himself was widely regarded as an unfortunate victim of foolish promotion way beyond his ability to cope. In appointing him to a professorship for which he was manifestly unqualified – in ludicrously describing him as “the best in the world” – certain senior members of the university showed a level of patronising condescension towards black people that could fairly be described as racism, while at the same time making him tragically vulnerable to such attacks as came his way.

My jaw literally dropped watching this A women’s shelter opened up on the Upper West Side of New York City next to a kids playground Now residents are horrified because the women are being seen naked talking to little kids (photo proof) and they’re also doing drugs, getting into fights, leaving drug paraphernalia. The parents are having to call 911 “Residents sent us photos and videos they say capturing issues, from naked women talking to children, to fights and cussing in the streets, to bottles and marijuana cartridges in the nearby park — concerned neighbors say the block never looked like this before” We have to stop catering to the worst of society. Why are we putting up with this and worse, paying for it. These people should be in jail not being paid for in shelters The nonprofit that runs the shelters gets over $100 million per year from taxpayers and this is what they allow…. Insane The organization holds a $500 million 4 year contract with the NYC Department of Homeless Services for a 200-bed women’s shelter We are being robbed blind

Hayden Panettiere dead 3 months after disclosing in new book & on Jay Shetty pod that at 18, when Heroes was blowing up, a trusted long-time female friend dragged her downstairs on boat at sea & put her in bed next to naked, famous older British rocker.

NEW: Miss “Moderate Democrat” “Hometown Farmer” Hallie Shoffner @hallieshoffner, who is running for US Senate in Arkansas against GOP Senator Tom Cotton, proudly boasted about “leading the charge” at a 2010 pro-trans parade in Lima, Peru. The parade was organized by the NGO Promsex, @promsex which worked with Pathfinder International, an organization that according to InfluenceWatch was heavily backed by Barack Hussein Obama’s USAID during his first term. Video uncovered by @LoomerUnleashed from Promsex’s YouTube page of the 2010 parade shows half-naked men running around the streets as they wave the pride flag. I would hardly call this event appropriate for Arkansas culture. Hallie Shoffner’s writing on this matter shows she proudly led the charge at the parade in Peru, with a key quote from her blog on the trip reading: “I marched in the FRONT of Lima’s 9th Annual Gay Pride Parade. I mean in the very front. Leading the charge. My org, Promsex, funded the parade so our staff carried the opening banner…. we were celebrating being gay, lesbian, transexual, bisexual...” Hallie has been exposed as pro-trans, pro-Green New Deal, and she supports abolishing ICE @ICEgov. This lady is a WOKE disaster and she should be rejected by Arkansas voters. Hallie wants you to think she is a “moderate Democrat”. The receipts prove she is a woke radical leftist. Arkansas should send @SenTomCotton back to the US Senate. Cc: @SenateDems @NRSC RECEIPTS 👇🏻