this post was submitted on 20 Aug 2023
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lol. So all the fraud in the crypto space that isn’t being prevented is a feature?
Virtually none of the fraud in the stock market is because of lack of verification or tokenization.
Please lemmy.world god, tell me what the fraud in the stock markets is from
People lying about the underlying assets the stock represents? People cooking their books? Pump and dump scams? Receiving multiple lines of credit against the same assets?
What forms of fraud are solved by tokenization or digital attestation that are prevalent today?
Rehypothenticaton and naked short selling would both be entirely eliminated globally
How heavy are your GME bags?
Hmm? These are issues all across the markets, not just one security
Buddy, only Apes are on the “naked short” conspiracy train. I didn’t even need to check your history to know it’s full of DRS GME dumb shit.
Naked shorting isn't a conspiracy lol. If you truly believe that then I also have a bridge to sell you. 100% of my entire port is DRSd for good reason
Apes never have any proof of their shit. They just pick a shit stock, declare it naked shorted, and proceed to lose a bunch of money lmao
Shut up! BBY is going to restructure and get out of bankruptcy any day now!
0 idea where you think you're getting this from but alright then :)
Keep buying!
You didn't even address the nature of my comment. Just came out of the gate swinging for no reason.
Tokenized securities prevent rehypothenticaton as well
Neither of those are fraud, bud. You just don’t like them. Vote for people who also don’t like them. Blockchain won’t solve either.
Dumbass hot take lol
People like you are why taking blockchain seriously is hard.
Web3 is the "next" internet whether the USA bootlickers like it or not. I direct register my shares because I don't trust the America markets.
I would 100% buy tokenized securities to verify I'm actually getting stock and not an IOU