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Coinbase isn’t the only game in town fortunately. Arbitrage and the decentralized nature of crypto makes it impossible to stop. RobinHood just removing the bu
by JohnJamesRambo 6y ago
Coinbase isn’t the only game in town fortunately. Arbitrage and the decentralized nature of crypto makes it impossible to stop. RobinHood just removing the buy button hopefully opened some eyes today to how rigged the traditional system is. It is free market when it benefits the powers that be. When it goes awry, they are always bailed out.
Bernie put it best today- “The business model of Wall Street is fraud.”
Anyone that wants out of this system, come over with me to where the crypto is. It has its flaws, but not like this.
- KMag 6y agoI want cryptocurrency to succeed long-term, and it has some genuine advantages (and some wrinkles to be ironed-out long-term), but protection from the puppet master cabal secretly pulling the strings of high finance isn't one of them. There are much more mundane explanations for Robinhood's actions[0][1] than a high-finance cabal hiding in plain sight. Is there some institutional conspiracy theory version of Hanlon's razor, something like "Never ascribe to a secret cabal that which is ascribable to finite resources and inflexible regulations"? Disclosure: currently short to the puppet master lizard people cabal from Nibiru a double-touch knockout option on my soul ;-) [0] https://www.vice.com/en/article/wx8bpx/experts-say-robinhood-gamestop-fiasco-likely-caused-by-lack-of-cash https://www.vice.com/en/article/wx8bpx/experts-say-robinhood... [1] https://news.ycombinator.com/item?id=25950685 https://news.ycombinator.com/item?id=25950685
- Eliezer 6y agoHanlon's Electric Shaver: Never attribute to conspiracy what can be attributed to locally bad incentives.