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CV114: Joshua Scigala - Vaultoro & The Standard

Crypto Voices

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How to Hold Gold and Silver on Valtoro

i want to keep coming back to this idea with stable coins. Every quarter we compare big coin like other base money in the world. I find it so fusing that people want to b by god. But basically they just put a bet on the price. And so you're buying the price, basically, rather than buying the thing. These derivatives are used to manipulate the pricend because the volumes are far greater than the volumes of the physical. The real problem lies not in shorting, but naked shorting where you don't even need to borrow the asset, you just dump fake assets on to the market.

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