3 weeks ago
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“We take pride in the fact that we are expanding the market by welcoming new investors into the financial system.” - Robinhood’s S-1 | Illustration by Alex Castro / The Verge
US citizens can gamble on the upcoming election on Robinhood, the financial nihilism app announced. Robinhood has termed this “unlocking a new asset class that democratizes access to events as they unfold.”
Let’s pause — I would like to reflect on this incredible phrase, about an asset class that democratizes access to events as they unfold. See, I thought we all had access to the events of the election because we all exist in reality and can find out about them. But apparently, if we can’t gamble on an event, it isn’t happening. This is a fascinating vision of metaphysics, and I would like to hear more about it. No one bet on my birth, for instance, and thus there is no asset class relating to my existence. So am I real?
“Democratizes...
