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stonk investing is imaginary anyway unless you direct register them. You're just getting an IOU, not actual shares, and so they manipulate the market by lending
by anecdotal1 4y ago
stonk investing is imaginary anyway unless you direct register them. You're just getting an IOU, not actual shares, and so they manipulate the market by lending those shares with IOUs attached to hedgies for shorting. Not to mention the front running happening in dark pools that you don't get to know about.
at least the blockchain provides transparency and you actually get to self custody your assets.
- INTPenis 4y agoWhatever cryptobro, you're comparing investing into an actual product, or a service, with investing into a token in a database. Your arguments may be valid, honestly I can't tell because I'm not that educated, but I know the difference between a company that produces something, vs. one that produces nothing.
- anecdotal1 4y agoI have zero interest in those garbage coins. What I do have an interest in is: - BTC which is energy converted into an asset which stores value extremely well and securely - ETH being used as a utility base layer, such as replacing traditional stock exchanges and tokenizing the stocks so there's real transparency and self custody Garbage meme coins need to die, the sooner the better
- atombender 4y agoShares held by brokerages in street name are still legally owned by you. There are very few situations where direct registration has any kind of practical meaning.
- anecdotal1 4y agoHow many things do you legally own that someone can lend to 3rd parties without your permission or notification?