Fake Tesla, Apple stocks have started trading on blockchains

Re:Fake Tesla, Apple stocks have started trading on blockchains by rawtxapp on Tuesday July 06, 2021 @09:50PM (#27756507)

It's a derivative, it also exists in traditional markets and it's size is gigantic compared to normal markets.

As far as I understand it, in this case, it's essentially cash settled.

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Re:Fake Tesla, Apple stocks have started trading on blockchains by cmckn on Tuesday July 06, 2021 @10:20PM (#27756682)

I wouldn’t call stablecoins “cash settled”. Like, at all, in any sense, ever.

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Re:Fake Tesla, Apple stocks have started trading on blockchains by lamontcg on Tuesday July 06, 2021 @10:25PM (#27756712)

It is a gambling market, not a derivative.

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Re:Fake Tesla, Apple stocks have started trading on blockchains by rawtxapp on Tuesday July 06, 2021 @10:29PM (#27756732)

That's mostly what they are used for anyways amongst other purposes like hedging or leverage.

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Re:Fake Tesla, Apple stocks have started trading on blockchains by lamontcg on Wednesday July 07, 2021 @12:25AM (#27757357)

There's historical reasons why bucket shop gambling is illegal, and why derivatives are regulated.

Crypto is still speed running the past 150-years or so of financial misadventures.

And pointing at how the NYSE is becoming more of a casino doesn't validate crypto doing it as well.

Crypto is starting to look more and more like the det wire that could set off the next financial implosion.

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Re:Fake Tesla, Apple stocks have started trading on blockchains by social_quotient on Tuesday July 06, 2021 @10:13PM (#27756645)

Yes and here is a good read for those that haven’t seen some of these figures.

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