That's the problem. Only scammers won't support the 1:1 creation, and only scammers would allow for the buying of a short position to count as an additional coin when no such coin exists. Then decide afterwards how much to penalize individuals not smart enough or able to take out their coins. Meanwhile traders get to sell imaginary coins while others don't even have access to the market.
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For that matter, it's possible for an exchange to keep the new coins to dump on a competitor's exchange.
well it isn't new coins,,, it's just stealing coins from its users. Yeah it certainly could unload them on a competitors exchange or hoard them to sell after an increase in valuation.