this post was submitted on 20 Aug 2023
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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
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