Consumer Crypto

so how does the new Robinhood announcement impact retail users?

what is being enabled by crypto that they will be most excited about?

incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

they are on Robinhood they have no problem buying stocks

so the only difference is it's "onchain"? because that's not a value prop to anyone I know

I think it gives EU access to trading US stocks they otherwise couldn't?

What tech enables here is permissionlessness, no?

tbh I haven't checked how they issue stocks btw. I’m assuming they act as custodians for stocks and issue equivalent tokens.

There’s still risk, since the actual underlying asset is in their custody. It may not be fully permissionless unless we have a way to issue fully onchain stocks.

But still, a W in the right direction I believe.

isn't the bottleneck there just laws and regulations vs the tech not being able to handle it?

so not really a blockchain breakthrough?

I don't think foreign stocks are accessible throughout the globe. Plus most brokers have lengthy onboarding even if they allow.

seems rational ~ 
- decentralized is one play for businesses now (eg facebook x threads x mastodon derives). 
- it’s a new distribution and revenue channel w unique characteristics (look at base or ton)
- they anticipate crypto will grow then more folks have it and can spend it. 
- they want to get more people to buy so they are offering it as a way to pay and as things to pay for (chain, not just their centralized database)
- ultimately will be under the hood.