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Well previously when stock trades involved exchanging physical certificates, I could imagine that ownership could evaporate if you lost that piece of paper. Or
by kccqzy 3y ago
Well previously when stock trades involved exchanging physical certificates, I could imagine that ownership could evaporate if you lost that piece of paper. Or just think about cash: you do lose that ownership when you lose that magical piece of paper. It's a simpler world when what you have physically determines what you own.
- josephcsible 3y agoIf the deed to land or the title to a car gets destroyed, what happens? It doesn't suddenly forever become unownable.
- jrkatz 3y agoPhysical certificates are not a thing of the past and can be restored upon loss or destruction: https://www.investor.gov/introduction-investing/investing-basics/glossary/lost-or-stolen-stock-certificates https://www.investor.gov/introduction-investing/investing-ba...
- toomuchtodo 3y agoPeople want a just world (imho, n=1, based on all available evidence, etc), recourse, and protections, not a simple world. Interestingly, cash will likely be the last to go in the near future from a “possession of value” as the world goes cashless (although whether this is "good" or "bad" can be argued in another thread). https://en.wikipedia.org/wiki/Cashless_society https://en.wikipedia.org/wiki/Cashless_society