DTC instructed brokers this GameStop was a split NOT a dividend! (BIG difference! One splits shares the other receives NEW shares) They didn't have enough shares to distribute! This is HUGE! MASSIVE FRAUD by the regulating agency! MILLIONS of shares are owed to investors on brokers in the US and overseas. This is like your government job paying you in counterfeit bills.
This is the end of the DTC and current stock market system. Blockchain stock system coming soon! Financial revolution! MSM Silent.
The financial arm of the plan is becoming clear!
Blockchain doesn't address nearly all major problems with stocks.
What about blockchain prevents a senator from acquiring stock in a company and then creating laws or policy that influences the value of the stock? Nothing.
What about blockchain prevents those with insider data from abusing it and acquiring stocks in a company they know will increase or selling/shorting stocks they know will decrease? Nothing.
And then throw on top the lack of regulation, which sounds like a good thing until someone steals your passwords and you have no recourse to get your wealth back.
Blockchain and nft stocks addresses some of the largest most fundamental problems with the stock market system itself. I listed those issues already but they include synthetic shares, naked shorting, invisible dark pool training or most trades are actually going so your stock sales and purchases aren't really affecting the stock price as they should, payment for order flow, failures to deliver, and much more.
Senators trading stocks isn't a problem with the stock market system it's a problem with our government. You're making a category error. But if it was on blockchain all the trades would be completely transparent and you would have Bloomberg terminal level information at your fingertips without paying thousands of dollars a month for it so a regular retail investor like you or I could respond to something like that that we see.
And as far as insider trading is concerned I don't believe it should be illegal. You'd be surprised to find out that if you eliminate that portion of the law and you give everybody the same level of information access and not just the people with Bloomberg terminals, that the market can reflect and adjust rapidly without the need for government oversight.
The stocks will be tokenized nfts. They would be attached to your wallet. You can either have custodial access yourself or with an institution. The loop ring layer to protocol this is built on already allows you to set up a wallet recovery. Stolen securities would be completely transparent on the blockchain. That would be an absolutely idiotic thing for someone to steal. It would be like writing your phone number and address on a house you burglars. You should familiarize yourself with this technology.. What you don't realize is you don't have much of a recourse if and when the current system fails. Verses a system that's fail proof in comparison that requires ZERO trust in gov and institutions.
The stock market functions as a resource for the deep state and elites to control the populations of the world.
It's a means of pegging the wealth of elites to the wealth of the population at a percentage, where the wealth of elites cannot be touched without simultaneously harming the population.
At its core, it's nothing more than gambling. It serves no purpose to society to allow people to speculate whether companies or industries will prosper or fail. More than 90% of those who invest in the stock market lose money, and the same is probably true of NFTs.
Either there are external authorities who enforce how trades are made through the blockchain, or there aren't.
If there are external authorities who enforce what happens on the blockchain, it's literally no different than today's system. If an external authority can demand shares be given back because they were stolen, then an external authority can demand shares be divided instead of paid dividend. You're left to the whim of the regulating agency.
If there aren't external authorities who enforce how trades happen on the blockchain, then your point about theft is unenforceable.
Over 140 billion dollars has been lost on bitcoins with forgotten passwords.
How much has been stolen by "institutions" tasked with managing bitcoin for users?
Until you're able to at least acknowledge the stated flaws with the technology, you're the one that has familiarization to contend with.