News for hackers. Stuff that matters.

A comment on FTX’s financial black hole leaves Binance balking at rescue plan. Parent comment

Re:FTX’s financial black hole leaves Binance balking at resc... by UncleEntity on Wednesday November 09, 2022 @03:27PM (#33537376)
Which has absolutely nothing to do with the topic at hand.

Ownership of bitcoins doesn’t give you ownership over these entities the same as ownership over some shares of Apple.

It’s like saying that you having dollars in your pocket gives you ownership over the White House.

[ Parent | on HN ]
Re:FTX’s financial black hole leaves Binance balking at resc... by mumbisChungo on Wednesday November 09, 2022 @03:36PM (#33537466)
The topic at hand, per the comment I responded to, is imagined value. Imagined value was the subject of my comparison.

Regarding ownership, however, you can explicitly own things- or parts of things- on the basis of token ownership, but you’re right that this isn’t the way that bitcoin and many other technologies are structured.

[ Parent | on HN ]