• @Kecessa@sh.itjust.works
      link
      fedilink
      English
      -10
      edit-2
      3 months ago

      Which happens because of the open nature of some of the crypto networks, nothing says their solution would have been an open one (probably not in fact since the stock exchange doesn’t let just anyone list their company).

      But otherwise there’s plenty of scams and pumps and dumps on the stick exchange even with the safety measures in place at the moment…

      • @SkyezOpen@lemmy.world
        link
        fedilink
        English
        8
        edit-2
        3 months ago

        So the system would be centralized…

        Also the fact that scams already exist on the stock market doesn’t automatically greenlight crypto-ing the whole thing. Though I don’t think that’s exactly what they were trying to do, is it? Sounds like they just wanted to slap a trade ledger on a block chain? Centralizing that would defeat the whole purpose of a blockchain.

        Also I just caught that you said decentralized cryptos are more likely to be scams? I’m not following that line of thought.

        • David GerardOPMA
          link
          English
          73 months ago

          I wrote about this previously https://awful.systems/post/1695710

          yeah it was literally to use it as the back-end database for the settlement system

          tl;dr not even crypto exchanges do things this arse-backwards