• stevehobbes@lemmy.world
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      1 year ago

      lol. So all the fraud in the crypto space that isn’t being prevented is a feature?

      Virtually none of the fraud in the stock market is because of lack of verification or tokenization.

        • stevehobbes@lemmy.world
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          1 year ago

          People lying about the underlying assets the stock represents? People cooking their books? Pump and dump scams? Receiving multiple lines of credit against the same assets?

          What forms of fraud are solved by tokenization or digital attestation that are prevalent today?

                • kimpilled@infosec.pub
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                  1 year ago

                  Buddy, only Apes are on the “naked short” conspiracy train. I didn’t even need to check your history to know it’s full of DRS GME dumb shit.

                  • Zuberi 👀@lemmy.dbzer0.com
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                    1 year ago

                    Naked shorting isn’t a conspiracy lol. If you truly believe that then I also have a bridge to sell you. 100% of my entire port is DRSd for good reason

            • stevehobbes@lemmy.world
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              1 year ago

              Neither of those are fraud, bud. You just don’t like them. Vote for people who also don’t like them. Blockchain won’t solve either.

    • Neato@kbin.social
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      1 year ago

      Instead we got scams on top of scams and zero use out of either. Wake me up when anyone finds a use that isn’t theft. I’ll be in fucking torpor by the time I’m woken up.

        • Neato@kbin.social
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          1 year ago

          Lol, web2? When Facebook, reddit, amazon, twitter, etc pretty much killed the internet and consolidated most users under themselves. That was an unmitigated failure for the internet. It has directly led to the homogenization and garbage heaps we have now.

            • Neato@kbin.social
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              1 year ago

              Web3 isn’t fixing shit. It’s more techbros trying to steal more of the internet. How many NFTs you own, bro?

                • cooljacob204@kbin.social
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                  1 year ago

                  You keep repeating this. No one cares it hasn’t happened and never will.

                  You don’t need a block chain to sign a transaction and there is plenty of other ways to stop fraud. It’s not happening because banks don’t care to invest in fixing it.

                  Not to mention fixing this one issue isn’t fucking web 3 lmao