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Robinhood now has a 1-Star rating on the Google Play Store

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Re: Robinhood now has a 1-Star rating on the Google Play Store

#312
post #23

When retail in traders en masse decide that a trading platform is impinging upon their rights, the SEC should be obligated to open an investigation. Isn't this pretty much a major component of their intended purpose?

The SEC has led the charge of government agencies away from anything that could reasonably be called regulation. Take note of how often the term 'oversight' is used vs 'regulation' when these guys are talking.

> how often the term 'oversight' is used vs 'regulation' when these guys are talking.

Is that how we're determining efficacy now...? Semantics?

I take it that you like FINRA because of the R in the name.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#313

One of the good things I see coming out of Robinhood blocking trading, Twitter and Reddit booting problematic users, Parler getting vaporized, etc. is a sudden realization amongst people of just how easily major parts of their lives can be instantly turned off by intermediaries. My hope is that this will drive a reformist movement around digital rights (speech, commerce, etc.) As well as a movement from platforms to…

Yeah I can't wait to live in a world where we enable more financial market mobbing by the uninformed and emotional masses. What could go wrong?

Tune will change when RSUs and 401ks get effected.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#314
post #291
post #162

Earlier quoted context omitted.

Depending on how its done, "movement from platforms to protocols" can also be anarchy codified. Most people don't want that either.

Please do not use the word "anarchy" as a synonym for "chaos". Anarchy is the opposite of chaos

What distinction are you trying to make here? A completely open protocol with no single controlling entity would not be inherently beholden to government control or laws like a platform would be. It can result in the distribution of illegal content such as child porn. How is this not an example of potential anarchy?

Re: Robinhood now has a 1-Star rating on the Google Play Store

#315

Earlier quoted context omitted.

But how many of the accounts have larger positions in GME than equity? It doesn't make sense to margin call or liquidate someone who is good for the whole amount. Also if someone has some leverage it's not reasonable to liquidate them completely.

This is exactly why people should be outraged. The type of risk that requires a margin call isn't present by just holding long positions in a security. Unless you are trading options or selling short, your equity is equal to your positions, and no margin call should be necessary. They are literally using the margin call mechanic to force closures in positions that have no risk.

Unlikely. Robinhood has something called ‘instant deposits’ which creates massive risk when used to buy something like GME with unsettled funds.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#316

One of the good things I see coming out of Robinhood blocking trading, Twitter and Reddit booting problematic users, Parler getting vaporized, etc. is a sudden realization amongst people of just how easily major parts of their lives can be instantly turned off by intermediaries. My hope is that this will drive a reformist movement around digital rights (speech, commerce, etc.) As well as a movement from platforms to…

[deleted]

Re: Robinhood now has a 1-Star rating on the Google Play Store

#317

Earlier quoted context omitted.

I've never understood how a slippery slope argument is a fallacy, let alone a logical fallacy (like false syllogism or no true scotsman). The idea is essentially looking at current trends and extrapolating into the future. No prediction is necessarily correct, but it's not necessarily wrong either.

The other comment has it, but two ways to think about it. "If I have one glass of water I might have another. Then another. And so on until I drown myself." The main one though is assuming the parties cant adjust course part way though. "If we turn this ship this way we will crash into that island in two days!" Extropolation is different as it takes into a account changes in behaviour and real world constraints

Yes, the extrapolation is often applied to people who really want to achieve one thing going in a particular direction, so it makes sense there. "You want to do X which is not terrible evil in itself, but if we let you, you'll want to do more things like X so we don't want that precedent"

Re: Robinhood now has a 1-Star rating on the Google Play Store

#318
post #296

I'm not sure if this is new as of today - but to close (deactivate) your robinhood account, you need 1. No outstanding trades 2. a $0.00 balance 3. Contact support and (optionally?) give a reason (1) and (2) make sense, but is (3) new? I wonder if there is a mass exodus - there should be.

I'd wait to get your tax docs before you do this though, lol

They explicitly state those will still be available even if your account is deactivated.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#319

One of the good things I see coming out of Robinhood blocking trading, Twitter and Reddit booting problematic users, Parler getting vaporized, etc. is a sudden realization amongst people of just how easily major parts of their lives can be instantly turned off by intermediaries. My hope is that this will drive a reformist movement around digital rights (speech, commerce, etc.) As well as a movement from platforms to…

Yeah I can't wait to live in a world where we enable more financial market mobbing by the uninformed and emotional masses. What could go wrong? Tune will change when RSUs and 401ks get effected.

I don’t know about you, but the vast majority of people I know don’t have RSUs nor 401ks.

Re: Robinhood now has a 1-Star rating on the Google Play Store

#320

Earlier quoted context omitted.

From my perspective, you just flipped the purpose of 1A. Right now you have the right to associate or disassociate with whomever you like (protected classes aside). In your altered future, the government forces churches to allow atheists and rival religions to be allowed to speak at the church, despite the desires of the owners and congregation. It would effectively be compelled association.

Nonsense. Trouble is when government gives out monopolies, or supporting monopolies they like. Government currently closed side. Government has chosen atheism as its religion. Very hostile toward other religions. Everyone pays for government school, but want to a Christian education, then you have to pay twice.

>Government has chosen atheism as its religion

You're gonna want to provide proof of that claim.

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