The leading U.S. exchange for technology giants is moving toward blockchain-based listing and trading of stocks, filing a request with the SEC to pursue it.
Fucking why?? What’s the point?? You’ve already got a database, what does making it immutable and decentralized and inefficient help?? It’s still under a central authority, so it’s not even proper decentralised.
Because it either: Directly facilitates some fraud that they are trying to legitimize …or… They are trying to spend some of the perceived credibility of their stock market on legitimizing blockchain generally in the hope of facilitating some frauds that have nothing to do with their stock market.
Either way, it’s about fraud. It’s always, always fraud with anything blockchain related.
Simple. Profit. They figure if they can capture even a small percentage of the funds flowing into Blockchain they can increase their profit margins.
Prevents naked short fraud and manufacturing shares that they can locate at a later date.
How does a regular database not do that?
Either it’s tracked or its not, the medium for that tracking doesn’t really change much.
It probably doubles the amount of times they can do it.
That website is horrendous. I left.
Some critics of the industry have warned that the frenzy around tokenization could introduce new systemic risks, especially in the absence of stringent regulation. In July, Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission who has frequently spoken positively about cryptocurrency, said tokenized securities would not be able to circumvent existing securities laws.
“Systemic” is a banned word these days. But the current people in charge love systemic issues. They just don’t want you to clearly label them as such. Systemic issues disproportionately impact lower classes and minorities.
This is why the word “woke” Had to be destroyed and turned into the non-word it is today.
Hester Pierce is evil
Oy, even when ad blockers are working well it brings up overlays and bullshit.
You must have a piss-poor adblocker.
