101–110 of 361 posts
Personally, I think this is going to be huge over time. Trading on-chain tokenized stocks 24/7 is a powerful layer above the traditional financial markets.
Looks like cryptocurrencies are not very innovative. They keep reinstalling all the features that have been there and improved in the regular markets. Tether and stablecoins mimicking the USD, now this stuff mimicking stocks, how are the not getting in trouble with government institutions or Apple? What are the loopholes? No existing laws yet? Or they operate and reside in far away jurisdictions?
I’m not sure how you’re getting to “not innovative”.
So we now have synthetic stocks on blockchains. I expect in short order we will see synthetic asset-backed securities that track the prices of real ones, synthetic macroeconomic indicators that track the real ones, and a full suite of other financial derivatives -- maybe even "synthetic NFTs" that track the prices of "real NFTs." The number and variety of synthetic securities, AKA derivatives, that could be created o…
I'm an investor in one of these (as a disclaimer and because I'm excited about the tech) -- https://structure.fi/ . Personally, I think this is going to be huge over time. Trading on-chain tokenized stocks 24/7 is a powerful layer above the traditional financial markets.
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I haven't seen anything like Uniswap in the regular markets.
What do you mean? There are absolutely currency exchanges and lenders in the current financial system.
Decentralized, automatic trading that can route liquidity for direct asset swapping does not exist in traditional finance for retail investors.
I'm an investor in one of these (as a disclaimer and because I'm excited about the tech) -- https://structure.fi/ . Personally, I think this is going to be huge over time. Trading on-chain tokenized stocks 24/7 is a powerful layer above the traditional financial markets.
Fake seems like a strange choice of words here. These things arent attempting to deceive anyone into believing they are the real thing. They clearly label themselves as derivatives. We don't call corn futures fake corn, we don't call derivatives of other types fake those things and we shouldn't call these fake stocks. I'm really not defending or not defending whatever these platforms are. I wouldn't be surprised if t…
How does this make sense? If they don't hold the underlying security, where does the value come from? This feel like it's another one of those "while money is flowing in it'll work, but if there's a run, it crashes spectacularly". If the liquidity dries up, i end up owning nothing. With a real security at least i end up owning a small part of apple, but here i literally own nothing.
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crypto already allows one to buy AAPL token, privately, at 3am EST, for a ~$.1-$5 tx fee. Not bad for the 1st decade of a long story.
Except you aren’t actually buying ownership of AAPL. You don’t get any voting power or dividends. You are buying a token that the creator pinky promises are worth/redeemable for x shares of AAPL. Those AAPL tokens are not insured by the SIPC…
They are synthetic assets that track the price.
The fact that there are no dividends or voting rights means they should be worth less for anyone that can purchase the actual asset.
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I don't think there's any political interest in looking at them right now. It's largely just a bunch of nerds playing with pretend money. It hasn't really hurt anybody outside of it yet.
This pretend money is currently the main driving mechanism behind the unprecedented business hacking and ransomware wave.