> The big issue with all of these is that it’s very difficult to participate in the stock market anonymously. The SEC has all sorts of monitoring in place to catch more common forms of insider trading and fraud and you can guarantee that they would conduct a long, thorough investigation into a hypothetical hack-based market fraud. Unlike Bitcoin transactions, wire transfers and stock purchases can be reversed after the fact, and the exposure and risk go way up when you’re actually working with US dollars.
But this is divorced from reality. In reality you'd be one of thousands of people holding HTZ calls or TSLA puts in your Robinhood account. You could make a huge payday and be indistinguishable from the crowd. With the crypto scam, one person will eventually have to turn this BTC into fiat. With market manipulation, you've made thousands of retail investors indistinguishable from yourself rich. Which one sounds like a better idea?
> The big issue with all of these is that it’s very difficult to participate in the stock market anonymously. The SEC has all sorts of monitoring in place to catch more common forms of insider trading and fraud and you can guarantee that they would conduct a long, thorough investigation into a hypothetical hack-based market fraud. Unlike Bitcoin transactions, wire transfers and stock purchases can be reversed after the fact, and the exposure and risk go way up when you’re actually working with US dollars.
But this is divorced from reality. In reality you'd be one of thousands of people holding HTZ calls or TSLA puts in your Robinhood account. You could make a huge payday and be indistinguishable from the crowd. With the crypto scam, one person will eventually have to turn this BTC into fiat. With market manipulation, you've made thousands of retail investors indistinguishable from yourself rich. Which one sounds like a better idea?