ok, following up on the dividend thing from before, because turns out it's not just dividends
stock splits work through the exact same mechanism. if Tesla [ $TSLAB ] ever does a 2-for-1 split, you don't get airdropped extra tokens and you don't see a new transaction either. the multiplier just adjusts and your existing balance reflects the split automatically
so basically every corporate action : dividends, splits, whatever, funnels through this one invisible number instead of triggering separate events onchain. kind of elegant once you see it, but also means you'll never "see" a split happen, it just already happened by the time you check
makes me wonder what other corporate actions get quietly folded into this before people even notice?
#bstockscis @BinanceCIS
stock splits work through the exact same mechanism. if Tesla [ $TSLAB ] ever does a 2-for-1 split, you don't get airdropped extra tokens and you don't see a new transaction either. the multiplier just adjusts and your existing balance reflects the split automatically
so basically every corporate action : dividends, splits, whatever, funnels through this one invisible number instead of triggering separate events onchain. kind of elegant once you see it, but also means you'll never "see" a split happen, it just already happened by the time you check
makes me wonder what other corporate actions get quietly folded into this before people even notice?
#bstockscis @BinanceCIS
