How does @RobinhoodApp make money? They monitor your orders, create a data file about that, and they give it to prime brokerage institutions milliseconds before you buy. If the institutions see a lot of buys, they buy milliseconds before your buy executes. @chamath @theallinpod

Lets talk about this. First, @RobinhoodApp has done something amazing by decreasing the barrier to entry for your every day buyer to now be able to easily invest. This has enabled a revolution. Truly, there is no arguing that.
But on the other hand, YOU ARE THE PRODUCT. By pulling your data and providing it to prime brokerage institutions, @RobinhoodApp makes hundreds of millions, because the brokerage institutions are able to get in first, and pull from the profits. Make the rich richer right?
This is a prime example of why decentralization and #IOTA with it's data capabilities is the future. Why are brokerages making money hand over fist based on our data? We should get a piece of that!
When we enable everyone to have control over their data, then the benefit of a lower barrier to entry starts to even out. Brokerages and companies like @RobinhoodApp should still make money, but us not getting any of it just seems criminal to me.
It's not too much to ask, that as we transition to more open markets, we factor in everyone equally, and find a way to make open markets also fair markets.

You May Also Like

1/12

RT-PCR corona (test) scam

Symptomatic people are tested for one and only one respiratory virus. This means that other acute respiratory infections are reclassified as


2/12

It is tested exquisitely with a hypersensitive non-specific RT-PCR test / Ct >35 (>30 is nonsense, >35 is madness), without considering Ct and clinical context. This means that more acute respiratory infections are reclassified as


3/12

The Drosten RT-PCR test is fabricated in a way that each country and laboratory perform it differently at too high Ct and that the high rate of false positives increases massively due to cross-reaction with other (corona) viruses in the "flu


4/12

Even asymptomatic, previously called healthy, people are tested (en masse) in this way, although there is no epidemiologically relevant asymptomatic transmission. This means that even healthy people are declared as COVID


5/12

Deaths within 28 days after a positive RT-PCR test from whatever cause are designated as deaths WITH COVID. This means that other causes of death are reclassified as