Why The Gamestop / Robinhood Event Spells The Beginning Of The End Of Centralized Finance

You can feel it in the air.

The recent event regarding the Gamestop and AMC stocks is waking up a whole lot of people. They’re seeing just how rigged the traditional finance world really is.

Those of us who have been pounding the crypto/DeFi drum for awhile already knew this. And I’m trying to be careful to see how others are reacting and not just sit in my little crypto-loving echo chamber.

But, something is brewing.

And RobinHood coming in and shutting down trading on these stocks is sealing the deal.

RobinHood has always claimed to be trying to “democratize finance for all”. Great marketing. But, clearly… that’s not the real goal.

RobinHood came in and shut down trading (except for selling, of course) on certain stocks as targeted by the WallStreetBets group in Reddit. That doesn’t feel very democratic.

Plus, one of the biggest hedge funds hurt by this move is Melvin Capital. Citadel is a big investor in Melvin Capital. They also happen to be the biggest customer of RobinHood.

So, this move was not about democratizing finance. It is about self-protection.

With all the big tech censorship we’ve already seen (in terms of speech), we cannot forget that financial censorship is very real, too. This system is rigged to protect the powerful. And Robinhood just came in and shut down trading for all… to protect their own biggest customer. A hedge fund.

RobinHood… is robbing the hood.

This is exactly why decentralized finance exists. And it is why it is going to grow faster than anybody can imagine.

This isn’t political.

In fact, it is weird seeing the likes of AOC and Donald Trump Jr. kinda agreeing on something. 😉

People feel it. They know the game is rigged.

But, the way out has existed for a decade now.

The way out is to unbank yourself.

Bitcoin is the start.

ETH, DOT and other alt-coins will become the new tech stocks. Mark my words.

Stocks and other assets will begin to be traded and exchanged in a decentralized fashion. Mark my words.

Uniswap and other decentralized exchanges will become the new trading platforms. The new NASDAQ, if you will.

This is how you level the playing field.

Right now, we’re seeing a Reddit group go head to head with hedge funds in a rigged game.

It’s interesting to watch the dynamic play out. It is going to have huge ripple effects over time.

But, the new playing field already exists. It is called DeFiShort for Decentralized Finance. It is a brand new breed of finance that provides typical financial services in a decent... Click for full definition.

It is young and still developing. But, that’s the new playing field.