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62 sats \ 10 replies \ @grayruby 5h \ parent \ on: Robinhood Announces Stock Tokens, The Robinhood Chain and other news Stacker_Stocks
Private company access is the only sensible use case for this grift.
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106 sats \ 3 replies \ @Cje95 5h
Lol I'm not saying your wrong….. I'm just sayin dammit I want that stock 😂
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46 sats \ 2 replies \ @grayruby 5h
You don’t get the stock though. You get a token that represents price exposure.
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30 sats \ 1 reply \ @Cje95 5h
According to the presentation you can get the stock if you want. You burn the token.
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0 sats \ 0 replies \ @grayruby 5h
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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20 sats \ 5 replies \ @BlokchainB OP 5h
Haha not feeling tokenized stocks?
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40 sats \ 1 reply \ @Cje95 5h
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
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88 sats \ 0 replies \ @grayruby 5h
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.
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60 sats \ 2 replies \ @grayruby 5h
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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40 sats \ 0 replies \ @BlokchainB OP 3h
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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0 sats \ 0 replies \ @AngryMulbear 7m
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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