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173 sats \ 27 replies \ @grayruby 30 Jun \ on: Robinhood Announces Stock Tokens, The Robinhood Chain and other news Stacker_Stocks
Lame.
I'm jealous that EU people are going to get some spaced or OpenAI stock…. That would have been super super cool….
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Yup American companies. Yet Americans gotta wait
Private company access is the only sensible use case for this grift.
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I would have to have a brokerage account in order to get the stock. If I have one I don’t need a token in the first place.
Just another stupid crypto marketing gimmick. And people wonder why bitcoin adoption has stalled when crypto is constantly pumping out new schemes to try and rip people off.
Haha not feeling tokenized stocks?
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I've bounced back and forth on that because we are seeing such an increase in AI and algorithmic trading that its possible that sooner than we think a lot of trades might be able to be executed without humans behind the wheel so to speak.
I think of the app that invests like Nancy Pelosi for example. You just feed the app money and it executes trades for you.
How does the token give you legal right to the underlying equity? How do I exercise that legal right when there is some hack?
To me it is just price exposure.
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These are questions that weren’t 100% clear in the presentation. To mee it seems like they are trying to create De-Fi liquidity to trade outside of tradfi markets.
So wouldn’t call it real innovation plus it’s all still dollar based it’s not based on sats or some other shitcoin token.
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You've never had legal right to the underlying equity. Even on the traditional stock market, the shares are vested in the name of the Depository Trust Company.
All you own is a fancy IOU
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