reply on: Robinhood Announces Stock Tokens, The Robinhood Chain and other news \ stacker news ~Stacker

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173 sats \ 20 replies \ @grayruby 30 Jun \ on: Robinhood Announces Stock Tokens, The Robinhood Chain and other news Stacker_Stocks

Lame.

77 sats \ 19 replies \ @Cje95 20h

I'm jealous that EU people are going to get some spaced or OpenAI stock…. That would have been super super cool….

62 sats \ 16 replies \ @grayruby 20h

Private company access is the only sensible use case for this grift.

20 sats \ 11 replies \ @BlokchainB OP 20h

Haha not feeling tokenized stocks?

40 sats \ 4 replies \ @Cje95 20h

I have to say I love the idea of them. I might be in the minority with this but until then stock market goes 24/7 there is going to be a demand

88 sats \ 3 replies \ @grayruby 19h

24/7 trading will be highly illiquid during non traditional trading hours. It will be great for whales who can push the price around not so much for retail.

194 sats \ 2 replies \ @Cje95 5h

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.

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60 sats \ 5 replies \ @grayruby 20h

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.

20 sats \ 3 replies \ @AngryMulbear 14h

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

10 sats \ 2 replies \ @grayruby 13h

You absolutely have a legal claim in bankruptcy proceedings. A tokenized equity because it is merely price exposure will just go to zero.

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40 sats \ 0 replies \ @BlokchainB OP 18h

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.

106 sats \ 3 replies \ @Cje95 20h

Lol I'm not saying your wrong….. I'm just sayin dammit I want that stock 😂

46 sats \ 2 replies \ @grayruby 20h

You don’t get the stock though. You get a token that represents price exposure.

30 sats \ 1 reply \ @Cje95 19h

According to the presentation you can get the stock if you want. You burn the token.

0 sats \ 0 replies \ @grayruby 19h

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.

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40 sats \ 1 reply \ @BlokchainB OP 20h

Yup American companies. Yet Americans gotta wait

107 sats \ 0 replies \ @Cje95 20h

Republic is about to start offering SpaceX via their platform which I think has really flown under the radar. Republic was in my eyes the first and really only place to let anyone tap these markets.