this post was submitted on 16 May 2024
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Wow we really are marching right to towards a centralised digital currency with no privacy and no actually ownership.
Remember back in the day when owning stock meant u owned the actually stocks. Well now u own the right to the stocks but if the platform ur trading on goes under welp out of luck guess u don't actually own them.
You will own nothing and be happy.
What? That's not true. That's what SIPC is for. Just like if a bank goes under and it's FDIC insured, then you're fine.
https://robinhood.com/us/en/support/articles/how-youre-protected/
SPIC lmao. They might want to rethink that acronym.
It's actually SIPC - the Securities Investor Protection Corporation, so there aren't any abbreviation problems.
Oops! Dyslexia lol. My bad.