Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts
Found the internet!
13.8k
Posted by
Zero Liquidity is Inevitable
2 months ago
GoldHelpful8Wholesome5Faith In Humanity RestoredSilver7I'll Drink to That2Tree HugTake My Energy2AllyAll-Seeing Upvote5Narwhal Salute4Wholesome Seal of ApprovalStarstruck2

Holy S***! Gensler just tweeted "If a company builds a crypto market that protects investors & meets the standard of our market regulations, people will more likely have greater confidence in that market." Idc about your opinion on him. That's the most bullish thing he could post for GameStop NFT

1.0k comments
83% Upvoted
level 1
ModModerator Achievement · 2 mo. ago · Stickied comment
📊 Gimme Votes 📊

Welcome everyone from r/all! --> Reasons why the Superstonk community is bullish on Gamestop

POWER TO THE PLAYERS ⚫️⚫️⚫️⚫️🔴🔴🔴🔴

Vote

1 more reply

level 1
· 2 mo. ago
🦍Voted✅

"They're protected against fraud, manipulation, front running, and the like." - Gary Gensler, on US capital markets.

Really? Last I checked, PFOF is still legal and solely used for front running.

1.1k
level 2
· 2 mo. ago
🟣 Sanic the Hedgezrfukt 🟣

It's funny that DeFi actually has functional and provable protections in place against front running, and insider trading is very obvious on the block chain.

224
level 2
· 2 mo. ago
🦍 Buckle Up 🚀

Don't forget preferential trade routing:

Buys sent to dark pool

Sells go to lit market

Price goes down under these completely manipulated conditions

51
level 2
· 2 mo. ago
Wholesome Seal of Approval
puts on your 🩳

Interesting that Loopring has a patent on a protection mechanism for front-running trades

119

3 more replies

level 1

This is what Larry cheng meant when he tweeted worlds will collide when the same security exists on both stock exchange and blockchain

136
level 2
· 2 mo. ago · edited 2 mo. ago
💻 ComputerShared 🦍

Whenever I hear " we want to ensure the protection of [you]..." from regulatory agencies with built-in conflict of interests I roll my eyes......


The only thing this tells me is they want to create a Regulatory Captivity situation for DeFi, by having people associate crypto with crime, recently the SEC put out an article about how they are going after insider trading on crypto while our own fucking politicians can literally fucking invest on the very fucking companies they are voting policies on...... like CMON!, the same politicians that literally write what the SEC can and cannot do, by Gensler's own words, straight up. There has been plenty of defamation campaigns, though of course there are plenty of scams, yet it is never about the scammers, but the "technology", yet Citadel can scam people, be charged for it and never admit blame and they are never reprimanded publicly the same way crypto is. I never cared for crypto until I learned about Decentralized Stock-exchanges using non-fungible tokens to represent shares in companies, yet NFTs suddenly made its way to everyone's mouth, and not for its potential good uses, but for ugly overpriced JPEGs scams of purposely hideous specific animal certain community likes to identify with.


I dont want their "regulations for our protections", I can already see is doing nothing for MY protection, it did nothing to protect ME on January 2021, it hasnt done anything to make me gain confidence in the only stockmarket I can put my money into so that the value of my money doesnt evaporate into nothingness in a bank. i dont like your system, I dont like I didnt have an alternative until now, and dont need nor want you to come into MY potential only alternative to put your old rules that screwed me and many others. Stay out of it, for over a year I gave you the benefit of the doubt and even defended you at times, Gensler. You had more than a couple of chances. I see you, and what you stand for, and I dont want it. Stay out of DeFi, if this is your "help", then I might be better off without it.

19

1 more reply

level 1
· 2 mo. ago
StarryHelpfulSilver
💻 ComputerShared 🦍

Somehow I'm not impressed with the markets that currently meet their standards of regulation.

4.8k
level 2
· 2 mo. ago
Silver
I like small wee wee and I cannot lie

Jesus, I hope gg is not talking the crypto exchange that is being built by citadel and other terrorist friends...

1.8k
level 2
Op · 2 mo. ago · edited 2 mo. ago
All-Seeing Upvote
Zero Liquidity is Inevitable

Keep in mind that Loopring is the only platform with a patent capable of housing those markets on Blockchain in a decentralized way.

That's why only dark pools exist on Blockchain at the moment and no exchanges.

Transparency through dex increases the ease and reduces the need for enforcement

Edit: I want to clarify for everyone that Gary Gensler pushed to keep OTC derivatives (swaps) unregulated by CFTC (who could have jurisdiction) in the late 90's and was head of CFTC for a while after that. Any arguments against him can be justified but his current position can be used to facilitate some justice if he chooses to do so.

Change is not dependent upon any of these regulators but their cooperation would expedite things considerably.

316
level 2
· 2 mo. ago
🦍 Buckle Up 🚀

Right. One would think they would make changes to the regulations, not wait for a private company to do it for them. Lol

12
level 2
· 2 mo. ago
me pica la bola

“Now how about a pie in your face, fucko?”

—Gary

9
level 2
· 2 mo. ago
💎🦧Buckle Up Buckaroo👨‍🚀🚀

Is there a proper outlet to voice our concerns? One that will actually get shit done?

We need to get loud, just like Mark Cuban said

8
level 2
· 2 mo. ago
Soon may the Tendieman Come 🏴‍☠️

GG giving the illusion that this new system and market will some how be safer, better and "different" from the current. Essentially polishing a turd and selling it under a new name. Nothing new. He is still a wolf in sheep clothing leading retail investors to the slaughter house.

38

About Community

A place for theoretical discussions about business and stocks - specifically GameStop Stock ($GME). Opinions and memes welcome. None of this is financial advice.
Created Mar 15, 2021

828k

Members

16.7k

Online

Top 1%

Ranked by Size