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> I'm not familiar with Robinhood, but I think it's mostly about buying stocks. Nope. You missed the point. It's about a company (or centralized entity) being

> I'm not familiar with Robinhood, but I think it's mostly about buying stocks. Nope. You missed the point. It's about a company (or centralized entity) being in control of your money. > Blockchains won't help you do this, at least not in a decentralized manner. You'll be stuck buying tokens Blockchains and tokens are non-sense words. Bitcoin is a protocol and a network, the first blockchain. It is an open-ledger that facilitates value exchange between two willing participants (you don't have to take part if you don't want). > it's been approved legally Bitcoin is approved legally in the US, and has the world's smartest and most experienced money managers and hedge funds invested in it. Just a few names: 1. Stanley Druckenmiller 2. Ray Dalio 3. Geroge Soros 4. Paul Tudor Jones 5. Steve Cohen 6. Louis Bacon Would recommend reading this: https://saifedean.com/thebitcoinstandard/ https://saifedean.com/thebitcoinstandard/ Written by a PhD from Columbia University with an MSc from the London School of Economics, and a Bachelor of Engineering.

hiq 5y ago
> > I'm not familiar with Robinhood, but I think it's mostly about buying stocks. > Nope. You missed the point. It's about a company (or centralized entity) being in control of your money. Sorry, I meant that the company Robinhood is mostly about buying stocks. I was trying to say that people used Robinhood because they wanted to buy some products that it was offering, such as stocks, but decentralized systems won't help prevent the situation you deplored. You could imagine having tokens representing stocks, but it'd just mean that a centralized entity issues them. > Would recommend reading this: https://saifedean.com/thebitcoinstandard/ https://saifedean.com/thebitcoinstandard/ I just read chapter 9, I haven't seen arguments I hadn't read before. Any particular reason why you're recommending this book? What are the takeaways you hadn't seen elsewhere? Just an anecdote, but I find it interesting that the foreword was written by Nassim Nicholas Taleb, who as of 2021 seems to have completely changed his mind about bitcoin and is now highly critical of it, to say the least.

hiq 5y ago

> > I'm not familiar with Robinhood, but I think it's mostly about buying stocks. > Nope. You missed the point. It's about a company (or centralized entity) being in control of your money. Sorry, I meant that the company Robinhood is mostly about buying stocks. I was trying to say that people used Robinhood because they wanted to buy some products that it was offering, such as stocks, but decentralized systems won't help prevent the situation you deplored. You could imagine having tokens representing stocks, but it'd just mean that a centralized entity issues them. > Would recommend reading this: https://saifedean.com/thebitcoinstandard/ https://saifedean.com/thebitcoinstandard/ I just read chapter 9, I haven't seen arguments I hadn't read before. Any particular reason why you're recommending this book? What are the takeaways you hadn't seen elsewhere? Just an anecdote, but I find it interesting that the foreword was written by Nassim Nicholas Taleb, who as of 2021 seems to have completely changed his mind about bitcoin and is now highly critical of it, to say the least.