Trump Jr. — "We're about to shake up the crypto world with something Huge. Decentralized finance is the future — don't get left behind. #Crypto #DeFi #BeDeFiant"
(media.greatawakening.win)
LET'S GOOoOoooo!!!
Pretty much everything wrong with the entire world's financial and monetary systems can be done with one simple fix. Tie DJT and GME to NFTs; each stock it's own unique identifier, easily tradeable without any need for the DTCC, NYSE, etc., no short sales, no options, no fuckery; decentralized and usable as an asset backed currency.
Watch the stock market try to match the stocks for these companies to the correct number of unique identifiers. Do this to just these two stocks and watch what happens.
This action would cause the beginning of a cascade of events that would lead to the end of the world as we know it. (But I feel fine!)
Imagine after the new system is formed, with a fair playing field, how great investing in stocks will be. I wish I was born 20 years ago lol.
There is a difference between a "Stock Market" and the ability to invest in a company by buying stock in it. I agree that a Stock Market as we understand the term should not exist. It's design purpose is fuckery. It was designed to be used as a casino where the House Always Wins. It has fulfilled that design for over 400 years.
Investing in a company however makes a ton of sense. It allows for an entrepreneur to get funding for their idea and potential products by promising shares in the profits (dividends).
This is what "stock" was originally designed to do: a democratization of ownership (really it's very similar to the Socialism Economic Design Model as applied to a company, not a nation). It was originally a scam, but only because the Market has always been controlled; i.e. we have never had a Free Market. Not even for a second.
If we can decentralize and streamline stock purchases and ownership, and get rid of all the internal Casino fuckery (options e.g.), we can have a Free Market. Just imagine what humanity can do when there is a system in place that allows for all ideas to have the potential for funding.
A fair and free stock market should exist.
Agreed.