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Who's the victim here? As far as I know it is legal to sell your self digital assets at any price you'd like.
by anm89 6y ago
Who's the victim here? As far as I know it is legal to sell your self digital assets at any price you'd like.
- tablespoon 6y ago> Who's the victim here? As far as I know it is legal to sell your self digital assets at any price you'd like. Lets say I run a lunar land registry like this: https://lunarland.com/ https://lunarland.com/. I have a friend of mine buy a worthless deed from me for $10, then "sell" it to himself for $10,000. Now $10,000 is the "market price." I then use that transaction as "evidence" to hype the idea that lunar land deeds are serious things, part a growing market, good investment opportunity, etc. In the ensuing tulip mania, I pocket a pretty penny selling a lot more worthless deeds to lunar land. The victims are the people convinced my misleading hype to invest in them. Now I'm not claiming something like is actually happening here, but the whole thing is fishy and I think it's a serious possibility to be considered.
- grok22 6y agoThe next person who decides to buy from this person based on it's previous "perceived" improvement in value....
- notyourday 6y ago> Who's the victim here? As far as I know it is legal to sell your self digital assets at any price you'd like. It is. But if you register it as a sale, you get to pay taxes on "the profit".