The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

  • BigHaas [he/him]English
    6•2 years ago

    You’re talking about cryptocurrencies, but Zuberi is proposing making public stocks serialized and tracking trades on a public ledger. While that would prevent a lot of market abuse, its effectiveness is of course why it would never be implemented.

      • BigHaas [he/him]English
        4•2 years ago

        Surely that legislation is the exact thing Zuberi is proposing? If course it would need to be free of loopholes to be effective. I think we’re all agreeing

        Edit lol I just saw Zuberi other comments. Zub bby this is a fantasy thought experiment that could maybe be used by some sort of far future coalition of anarchist collectives or something, it will never and could never be made into reality here

          • BigHaas [he/him]English
            4•2 years ago

            I think this idea got started by people who don’t trust the government and can see themselves being robbed from by financial institutions blatantly breaking and abusing rules, but they don’t have the ideological framework to imagine something substantially different/trustworthy so they invent this technology as a bandaid fix for the specific problem of information transparency.

            And the new ethereum proof of stake uses a fraction of the energy but is still considered a block chain.