Nowadays, it seems everyone wants to get involved with the digital asset class. From a network standpoint, the adoption rate continues to accelerate and institutional actors are becoming integrally involved. The world is quickly adopting the new digital paradigm. Digital assets have arrived. They are bona fide, and this view will soon become the norm. Institutional adoption is occurring as we speak. The debate over the legitimacy and adoption of the asset class generally has been largely mooted.
For those of us already in the space, that seems promising. Unfortunately, as more people and money pile into the market, many people tend to throw caution to the wind, jumping headlong into the space without understanding the technology itself. They do so without grasping the nuances inherent to digital assets generally. While most people understand the concepts of investment risk and political risk as they relate to digital assets, too often people miss the asset-specific risks that digital assets pose.
Digital Assets — The Apotheosis of Representational Value
Regardless of whether discussing BTC, the newest altcoin, NFTs, or even critical digital data, digital assets have utility because as financial instruments, they have no utility value in themselves. They are representational abstractions that market actors accept instead of tangible capital. Digital assets are the purest form of capital abstraction. Providing security, durability, and decentralization, they solve several problems at once. They are the next innovation in a long and unbroken line of representational value technologies that stretches back to the beginning of recorded time. Their greatest advantages are also the source of the greatest risks.
Digital assets are the apotheosis of representational value in much the same way that cuneiform was one of its most primordial, primal forms. Humans have developed and adopted new technologies intended to track and confirm property ownership and transactions literally since the creation of the written word. From scratching out tallies of early property transactions — as seen in the Stele of Ushumgal and Shara-igizi-Abzu — to employing advanced digital cryptography to sending BTC to someone in Ukraine to help with the current humanitarian plight, the ultimate utility is the same. Unlike surviving Sumerian artifacts, though, digital assets are entirely portable. They are essentially digital bearer assets.
While in the past, people fleeing warzones and other dangerous areas they might have sewn whatever baubles and gold coins into the lining of their jackets, suitcases, or underclothes to fund their escapes. Now they are utilizing digital assets to facilitate their flights.
Unlike a piece of real estate or another tangible asset — which requires physical storage/upkeep, and management — digital assets just require an internet connection. Tangible assets tend to lack portability. You cannot fold up a Manhattan city block, a mobile home, or a livestock farm and deposit them in a digital wallet. Until scientists manage to make Pym particles real, real estate generally stays put. There is little fungibility there, and liquidation is far from quick.
Even if we look at something highly portable, like gold, or other precious metals, digital assets have the advantage. They are weightless and can be accessed virtually anywhere, anytime. Even if you have personal possession of a respectable amount of specie or bullion, and you have the wherewithal to carry it on your person at all times, hardly anyone takes it anymore. Short of finding a specialized dealer, face value is all one can expect, and nothing more. You have to resign yourself to finding coin or bullion dealers who will charge a premium just to facilitate liquidation. With digital assets, you can access countless digital markets where liquidating your digital assets continues to become cheaper and easier by the day.
In this way, digital assets ultimately eliminate transactional friction. With their ease of portability and access, real and inexpensive liquidity, accelerating market network adoption, and low barriers to entry, digital assets represent a quantum leap in terms of how we as a species interact with property.
The Next Generation In Asset Possession Protection
The major advantage of digital assets also introduces their greatest flaw generally. Ultimately, the power of digital assets lies in the way in which they empower the individual. The incredible portability, the inexpensive transactions (unless you use Ethereum), the easy and relatively easy universal accessibility, the lack of physicality, and the asset self-custody — those features all present opportunities for losing access or possession of digital assets. Either through accident or malicious actors, the risk remains. It is precisely this constellation of risks that Serenity Shield aims at mitigating. Serenity Shield provides the ultimate downside protection against losing possession of your digital assets.
As things stand currently, operating in the digital asset space is a bit like walking a tightrope without a net. So long as you stay on that tightrope, you are safe. Make one mistake, though, and the result promises to be financially catastrophic. Serenity Shield will help attenuate those endemic practical risks.
Serenity Shield — Protection You Can Trust
We here at Serenity Shield take seriously our responsibility to help improve the market and educate the public about this space. It stands to reason that if the community understands the asset class properly, they will understand the value of Serenity Shield as a tool to protect against those inherent risks. Our team holds the perspective that an informed and educated community makes for a safer, more secure, more responsible space.
Be sure to stay tuned to this space moving forward for updates and further deeper explanations of the Serenity Shield project. In the meantime, we invite you to check out our official Serenity Shield website, join us either on Telegram or Discord and follow us on Twitter.