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Web3 is here and it's glorious
(lemmy.world)
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this post was submitted on 20 Aug 2023
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Digital verification and tokenization of securities would prevent all fraud in the stock market
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
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
Instead we got scams on top of scams and zero use out of either. Wake me up when anyone finds a use that isn't theft. I'll be in fucking torpor by the time I'm woken up.
Talking shit about early-alpha type shit is so dumb. People said the exact same shit about web2
Lol, web2? When Facebook, reddit, amazon, twitter, etc pretty much killed the internet and consolidated most users under themselves. That was an unmitigated failure for the internet. It has directly led to the homogenization and garbage heaps we have now.
Web2.0 is a "failure" so why even both fixing the system?..
Web3 isn't fixing shit. It's more techbros trying to steal more of the internet. How many NFTs you own, bro?
Tokenized securities will eliminate financial fraud. Disengage bro
You keep repeating this. No one cares it hasn't happened and never will.
You don't need a block chain to sign a transaction and there is plenty of other ways to stop fraud. It's not happening because banks don't care to invest in fixing it.
Not to mention fixing this one issue isn't fucking web 3 lmao
Zzzzzzzzzz okay sure bootlicker
But I don't like web2