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/biz/ - Business & Finance

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13237969 No.13237969 [Reply] [Original]

Am i understanding this correct, right now if i buy a share of apple, i have to pay a fee wait for the market to open and i get an email saying i own the stock, if i wanna sell it i once again have to wait pay a fee let that go through and get my money back 7 days later, with a token i could have the same share, faster and cheaper and be able to prove it mine via thw ledger and buy and sell in secounds, im a getting this right?

>> No.13237982
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13237982

>>13237969

>> No.13237986

>>13237969
Yes boomer stocks btfo. Buy 0x

>> No.13238013

>>13237982
How come?

>> No.13238024
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13238024

>>13238013

>> No.13238047

>>13238024
Explain you fucking smart cunt then...

>> No.13238069
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13238069

>>13238047

>> No.13238075

>>13238069
Funny

>> No.13238088

>>13237969
True. You're smart.

>> No.13238144

>>13238088
So why are people calling it all a scam?

>> No.13238207

>>13238013
Because that’s how they did it 50 and 100 years ago and there has been no will to ever change.

>> No.13238214

>>13238144
Because they are scared of the future and billion dollar corporations will get btfo. What would you think they'd call it?

>> No.13238258
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13238258

>>13238075
>>13238144

>> No.13238267

>>13238144
The problem is all of the current people using it currently act (mostly) outside regulations. Normally when you have a company that you want to bring public and sell ownership via shares, there's responsibilities to the shareholder. Plenty of scammers are around selling their tokens that would have otherwise acted as a share, and then acting like they can do whatever they want with no responsibility to the token holders.

Technically the internet can do most of what blockchain does as well, you can use an exchange online during the week and trade stocks in realtime. It's just not decentralized so you have to go through that middle man that takes a cut, but they can also offer services (like buying for you once the stock market opens again). A lot of the way things have progressed with technology has been iterative so that's why we have things like a opening and closing time in the market, it's a relic of the previous way of doing things.

>> No.13238302

>>13238267
holy shit an actual smart person on /biz/

>> No.13238405

>>13238302
You have nothing to be happy about,

>> No.13238433

>>13237969
Not if you use Robinhood.
There is a 0% chance that apple will take a dump tomorrow.
There is always that chance with your meme coins.

>> No.13238506

>>13238433
True that, im just trying understand what the hype is about tokens. It was the only reason i could think of as to a use case of tokens right now.