I'm not sure the headline is at all connected to the article.
The article points out very real concerns with exchanges.
But there is such a thing as a "strike price" when converting BTC to fiat, just like there is in the stock market.
When you sell (or buy) your coins on Coinbase, it gives you a strike price that updates periodically. But when you hit the submit button, that transaction is locked in, so you know exactly the amount that will be transferred to (or from) your traditional bank account.
There are very real flaws in the current exchanges, but "price being fictional" isn't any more real than it is on the traditional stock market.
The article points out very real concerns with exchanges.
But there is such a thing as a "strike price" when converting BTC to fiat, just like there is in the stock market.
When you sell (or buy) your coins on Coinbase, it gives you a strike price that updates periodically. But when you hit the submit button, that transaction is locked in, so you know exactly the amount that will be transferred to (or from) your traditional bank account.
There are very real flaws in the current exchanges, but "price being fictional" isn't any more real than it is on the traditional stock market.