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This analogy doesn't work because people could've transferred their Bitcoin to a personal wallet while the same can't be said of stocks.
by QML 9y ago
This analogy doesn't work because people could've transferred their Bitcoin to a personal wallet while the same can't be said of stocks.
- beambot 9y agoActually... with many brokerages, you can still obtain actual paper stock certificates -- it's just that the overhead and fees to do that make it highly unattractive. Furthermore: It is possible to directly transfer stocks from one brokerage account (similar to a wallet) to another at a different brokerage without having to liquidate assets.