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People trade stocks like they do Pokemon but we call them 'shares'. Does that make it less like Pokemon than calling them 'coins'? Also, you trade coins all the
by andirk 8y ago
People trade stocks like they do Pokemon but we call them 'shares'. Does that make it less like Pokemon than calling them 'coins'? Also, you trade coins all the time. It's called coins. Fiat coins.
- civilitty 8y agoYes, it does make it less like coins, because lying about the assets backing a share's value is a quick way to end up in low sec Federal prison for 5 to 20 years.
- andirk 8y agoI completely agree that there are regulations that enforce a somewhat honest economy. But look at 2008. A bunch of cheaters and the only people penalized were the ones who believed in it the most, such as homebuyers at the time. Bitcoin is much more chaotic, but that has its advantages too. For example, it is not tied to a single country's government.