UlyssesT to news • edit-216 days ago*Permanently Deleted*trashmessage-squaremessage-square90 fedilinkarrow-up1133file-text
arrow-up1133message-square*Permanently Deleted*trashUlyssesT to news • edit-216 days agomessage-square90 Commentsfedilinkfile-text
minus-squareLovely_sombrero [he/him]hexbear12·2 years agoIt is not "yours" and it is not "an investment". link
minus-squareLovely_sombrero [he/him]hexbear9·2 years agoThe exchanges own it, you get an IOU from them for the value of the tokens. And they really have no obligations to you. The biggest stablecoin even has "we can abscond with the money" clause in their terms & conditions, lmao. link
minus-squareHoChiMaxh [he/him]hexbear4·2 years agoI mean that is hilarious, I do struggle to see how that's not an investment though link
It is not "yours" and it is not "an investment".
How is it not?
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The exchanges own it, you get an IOU from them for the value of the tokens. And they really have no obligations to you. The biggest stablecoin even has "we can abscond with the money" clause in their terms & conditions, lmao.
I mean that is hilarious, I do struggle to see how that's not an investment though
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