8 ms·

Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer

by jkukul 4mo ago

Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.

cute_boi 4mo ago
They turned Robin Hood to Robbin’ the Hood
- toomuchtodo 4mo ago
  This was always the Robin Hood play (versus being a grown up brokerage), they are simply griftmaxxing now in a "low regulatory environment". Like Coinbase, they need volume to succeed economically, not buy and hold investors. Crypto volume is down, so Coinbase revenue is down. Young people have little to no cashflow, but they have high intent to gamble in a crushing and financially nihilistic macro, which Robin Hood serves. https://www.npr.org/2026/04/05/nx-s1-5762276/teens-getting-hooked-on-gambling-sports-betting https://www.npr.org/2026/04/05/nx-s1-5762276/teens-getting-h... https://kyla.substack.com/p/gen-z-and-financial-nihilism https://kyla.substack.com/p/gen-z-and-financial-nihilism https://web.archive.org/web/20240226104327/https://youngmoneyweekly.substack.com/p/the-golden-age-of-grift https://web.archive.org/web/20240226104327/https://youngmone... https://web.archive.org/web/20240226104327/https://coinmarketcap.com/currencies/squid-game/ https://web.archive.org/web/20240226104327/https://coinmarke...
dvh 4mo ago
Well, have your seen the current size of Sherwood forest
Jagerbizzle 4mo ago
I believe you’re confusing access with outcomes. Giving people access to markets isn’t exploitation afaic. If you’d like to make dubious trades that’s your prerogative and who am I to stop you.
- demorro 4mo ago
  You are a member of society. Society stops people doing harmful things to themselves all the time.
  - nine_k 4mo ago
    This should be limited to giving advice (education, warning, explicit consent), unless there's harm to third parties. Because, you know, certain actions and even thoughts can lead to eternal damnation in Hell, according to what a society may think. Would you prefer the society to hold you off from that?
    - adithyassekhar 4mo ago
      People claim this all the time to win internet arguments but the truth is we all have a moral code. If you see a child playing with a loaded gun, you won’t stop it?
      - nine_k 4mo ago
        A child is not a fully autonomous person. I would of course take the loaded gun from the child, unload it, and explain its dangers to the child. Money, in any form, may be as dangerous as a loaded gun, trading stocks or not. Most adults are careful with money, as they are with loaded guns. The problem is that some parties may try to make trading stocks (even leveraged) look much easier and safer than it is. It's like giving somebody a real loaded gun, while making it look like a toy gun, safe even for a child. And this of course needs to be regulated: not the trading, but the disclosure. This is not a toy.
        demorro 4mo ago
        Who are you to decide that a child is not a fully autonomous person? Sounds like you're imposing a normative rule based on societally derived presuppositions of right and wrong, which is exactly the point. We're just haggling over where the line should be drawn and you think it should be drawn somewhere further back than others do, but there's no truth to be found here.

by jkukul 4mo ago

Quite ironic. The original Robin Hood took from the rich and gave to the poor. Robinhood, the app, seems to do the exact opposite: it helps the rich get richer at the expense of regular folk.

cute_boi 4mo ago

They turned Robin Hood to Robbin’ the Hood

toomuchtodo 4mo ago
This was always the Robin Hood play (versus being a grown up brokerage), they are simply griftmaxxing now in a "low regulatory environment". Like Coinbase, they need volume to succeed economically, not buy and hold investors. Crypto volume is down, so Coinbase revenue is down. Young people have little to no cashflow, but they have high intent to gamble in a crushing and financially nihilistic macro, which Robin Hood serves. https://www.npr.org/2026/04/05/nx-s1-5762276/teens-getting-hooked-on-gambling-sports-betting https://www.npr.org/2026/04/05/nx-s1-5762276/teens-getting-h... https://kyla.substack.com/p/gen-z-and-financial-nihilism https://kyla.substack.com/p/gen-z-and-financial-nihilism https://web.archive.org/web/20240226104327/https://youngmoneyweekly.substack.com/p/the-golden-age-of-grift https://web.archive.org/web/20240226104327/https://youngmone... https://web.archive.org/web/20240226104327/https://coinmarketcap.com/currencies/squid-game/ https://web.archive.org/web/20240226104327/https://coinmarke...

dvh 4mo ago

Well, have your seen the current size of Sherwood forest

Jagerbizzle 4mo ago

I believe you’re confusing access with outcomes. Giving people access to markets isn’t exploitation afaic. If you’d like to make dubious trades that’s your prerogative and who am I to stop you.

demorro 4mo ago
You are a member of society. Society stops people doing harmful things to themselves all the time.
- nine_k 4mo ago
  This should be limited to giving advice (education, warning, explicit consent), unless there's harm to third parties. Because, you know, certain actions and even thoughts can lead to eternal damnation in Hell, according to what a society may think. Would you prefer the society to hold you off from that?
  - adithyassekhar 4mo ago
    People claim this all the time to win internet arguments but the truth is we all have a moral code. If you see a child playing with a loaded gun, you won’t stop it?
    - nine_k 4mo ago
      A child is not a fully autonomous person. I would of course take the loaded gun from the child, unload it, and explain its dangers to the child. Money, in any form, may be as dangerous as a loaded gun, trading stocks or not. Most adults are careful with money, as they are with loaded guns. The problem is that some parties may try to make trading stocks (even leveraged) look much easier and safer than it is. It's like giving somebody a real loaded gun, while making it look like a toy gun, safe even for a child. And this of course needs to be regulated: not the trading, but the disclosure. This is not a toy.
      - demorro 4mo ago
        Who are you to decide that a child is not a fully autonomous person? Sounds like you're imposing a normative rule based on societally derived presuppositions of right and wrong, which is exactly the point. We're just haggling over where the line should be drawn and you think it should be drawn somewhere further back than others do, but there's no truth to be found here.