5 ms·
Hey, I’m sure plenty of people are buying NFTs with their own money, too. Nice trick to take $X and turn it into 0.98$X and an asset “worth” 0.98$X.
by eqmvii 5y ago
Hey, I’m sure plenty of people are buying NFTs with their own money, too. Nice trick to take $X and turn it into 0.98$X and an asset “worth” 0.98$X.
- riffraff 5y agoThe thing goes deeper: this gives you a big opportunity to launder money. It's the same with art, but at least in the art world there are some regulations.
- samatman 5y agoIf you consider the Free Port of Liechtenstein a regulation then ok, sure.
- reaperducer 5y agoWhich is probably why he wrote "some regulations," not "completely and entirely 100% perfectly regulated."
- rtkwe 5y agoThe wild thing is going to be the moment the IRS comes around and starts asking people about their sales and it turns out many of the huge sales are wash trades inflating the value of tokens.