this post was submitted on 20 Aug 2023
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[–] stevehobbes@lemmy.world 5 points 1 year ago (1 children)

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?

[–] Zuberi@lemmy.dbzer0.com -4 points 1 year ago (2 children)

Rehypothenticaton and naked short selling would both be entirely eliminated globally

[–] kimpilled@infosec.pub 4 points 1 year ago (1 children)
[–] Zuberi@lemmy.dbzer0.com -3 points 1 year ago (1 children)

Hmm? These are issues all across the markets, not just one security

[–] kimpilled@infosec.pub 1 points 1 year ago (1 children)

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.

[–] Zuberi@lemmy.dbzer0.com -2 points 1 year ago (1 children)

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

[–] kimpilled@infosec.pub 2 points 1 year ago (2 children)

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

[–] ZodiacSF1969@sh.itjust.works 2 points 1 year ago

Shut up! BBY is going to restructure and get out of bankruptcy any day now!

[–] Zuberi@lemmy.dbzer0.com -2 points 1 year ago (1 children)

0 idea where you think you're getting this from but alright then :)

[–] kimpilled@infosec.pub 4 points 1 year ago (1 children)
[–] Zuberi@lemmy.dbzer0.com -1 points 1 year ago

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

[–] stevehobbes@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] Zuberi@lemmy.dbzer0.com -1 points 1 year ago (1 children)
[–] stevehobbes@lemmy.world 2 points 1 year ago (1 children)

People like you are why taking blockchain seriously is hard.

[–] Zuberi@lemmy.dbzer0.com -1 points 1 year ago

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