• Zuberi 👀
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    -82 years ago

    Please lemmy.world god, tell me what the fraud in the stock markets is from

    • @stevehobbes@lemmy.world
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      62 years ago

      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 👀
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        -52 years ago

        Rehypothenticaton and naked short selling would both be entirely eliminated globally

          • Zuberi 👀
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            -42 years ago

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

            • @kimpilled@infosec.pub
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              22 years ago

              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 👀
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                -32 years ago

                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

        • @stevehobbes@lemmy.world
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          2 years ago

          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 👀
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                -12 years 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