New coin idea. Something aligned with a real stock on NYSE. It

>>2567426
There is a BTC index on NYSE

>>2567426
thats not how cryptocurrency works

>>2567426
>Carbon copy of existing stocks only with no underlying value or equity in the company
>"Auto adjust" in other words not represent the true supply and demand of the token rather than the stock it mimics

Bad
a
d
Idea
d
e
a

>>2569179
I never said it was a good idea. And the auto adjust was a suggestion. Crypto is a scam anyway. This would at least be fun.

>>2567426

that way evenone can see how crypto kicks the shit out of stocks as far as returns go

shit, even if it picked the best performing stock of the hour or whatever, im sure coins would still moke it by the end of the week, every week

>>2567426
why the fuck should i buy your shitty coin instead of the stock itself then, you dumb fuck?

>>2569752
More volatile

>>2568923
how does tether work?

>>2569872
not an argument

A crypto currency that mines an A.I. that bets against real world shit.

>>2567426
That's called "contract for difference". It's a form of a swap and it is fundamentally different from currency.

>>2569752
because it costs money to buy stocks, while cryptos just require you to sign up to a website.

op. im not sure this would even be legal but youd need to setup a unique exchange for it, where the buyaction/sellaction wouldnt effect the price whatsoever.

>>2569872
I can buy AMD for example
>Have actual ownership of AMD
>Can vote on company decisions
>Have shareholder rights
>Can get a dividend from the company
>Know my fortune won't be swept away overnight
>Know I own a share of real tangible assets (all fabs, buildings and other property, unsold stock, etc).

If I buy AMDCoin
>Own nothing but some cryptographic keys
>No tangible value
>No shareholder rights
>Not even a shareholder at all
>Can't get dividends
>Nothing stops it from cratering overnight