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That's very different from what I'm describing. CFDs are financial instruments pegged to (real) stock market prices; I'm describing a market that, like Bitclou
by ineptech 5y ago
That's very different from what I'm describing. CFDs are financial instruments pegged to (real) stock market prices; I'm describing a market that, like Bitclout, is entirely divorced from any objective measure.
- sombremesa 5y agoEntirely divorced from any objective measure + unregulated by the government = what's stopping the webapp owner from just setting the price and fleecing you? Scout's honor?
- ineptech 5y agoThis is a hypothetical; my post (charitably) presumes the market is safe in order to discuss other problems with it, but it could certainly be implemented in a way that allows the author to fleece the investors, which I gather is one of the complaints about Bitclout as well.