The Rise of Decentralised Platforms & the Drama Around Robinhood
Robinhood, which is a popular consumer fee-free trading platform has restricted retail investors trading some stocks (AMC Entertainment, GameStop, BlackBerry and Nokia) after GameStop share price has lifted to meteoric price.
The sudden surge in price movement was due to the fact that hedge funds and billionaires were betting against the market. The higher the stock went the greater the losses occurred for these high-profile hedge funds. When ordinary investors started a collective payback against Wall Street giant, Robinhood intentionally restricted retail investors from buying stock to crash the market, hence helping hedge funds to gain back their losses, which is a "criminal act" according to Dave Portnoy (full video is available on Fox News).
On the flip side, due to the greater amount of manipulation by central entities, Uniswap was designed to work for the benefit of the community. Uniswap is a fully decentralised exchange and liquidity provider on Ethereum, which can not be shut and being restricted by anyone.
What do you choose? Centralised or Decentralised applications?
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