Against Security Token Standards

Too Long; Didn't Read

Recently I was speaking about the future of security tokens at a blockchain conference in Europe. During one of the satellite receptions to the event, I was approached by a prominent figure in the crypto world whom apparently had been reading some of articles about security tokens and had developed some very interesting theses about the evolution of the space. A technologist by background, this person was struggling to reconcile the computer science-centric methods of the blockchain space with the semi-centralized, red-tape-first approaches that he is seeing in the security token market(I have the same problem BTW). At some point during our conversation he bluntly asked me <em>“there is one thing that I still can’t understand about the security token community: What’s the obsession with standards? Isn’t that a bunch of [bleep bleep] at this point [bleep bleep bleep…]?”</em>.