3 ms·

I’m not sure how you’re getting to “not innovative”.

• ac29 5y ago
  The market described by the article is basically a textbook example of a bucket shop. The only difference is "but, with cryptocurrency".
• quickthrowman 5y ago
  19th century-Bucket Shop 20th century-Contract for Difference 21st century-Tokenized uh stocks This is not a new idea
  • ArkanExplorer 5y ago
    https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) "In a form of what is now considered illegal front running and self-dealing, a bucket shop holding a large position on a stock, and knowing a client's vulnerable margin, might sell the stock on the real stock exchange, causing the price on the ticker tape to momentarily move down enough to exhaust the client's margins. Through its opportunistic actions, the bucket shop thereby gains 100% of the client's investment. The term bucket shop came to apply to other types of scams, some of which are still practiced. They were typically small store front operations that catered to the small investor, where speculators could bet on price fluctuations during market hours. However, no actual shares were bought or sold: all trading was between the bucket shop and its clients. The bucket shop made its profit from commissions, and also profited when share prices went against the client. Bucket shops were made illegal after they were cited as a major contributor to the two stock market crashes in the early 1900s."
• steveBK123 5y ago
  https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operator https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Opera...