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😂😂

Just read an article on this, it's not different than a casino, cant tell you how many times I've had to fix slot machines from people breaking then because they lost their money. This is no different, people lose money on stonks and they need someone to blame besides themselves.

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Crazy people do crazy things.

If they used that money to fix the damn app they wouldn’t need to do that

Anyone actually going to buy this shit though?

While plenty of people are against CB...this would be great for crypto trading.

Helps provide credibility to crypto for the masses and will bring in more investors

It’s 2020 and we now support wire transfers! Yay!

Nice to hear that, great news, Thank you Kraken!

ACH please, thanks.

Kraken also supports USDC. So, the free way for Americans to deposit involves an ACH deposit on CBP for free, convert USD to USDC for free, send USDC to Kraken, trade USDC for USD (minor fee), and buy XMR. 😎 For those who want to save a buck or $40, it’s a good option... and not as complicated as it sounds.

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$4 per transfer! Unless you're buying a lot of XMR at once, that's insane.

Also, I was told this is the permanent replacement for 'US Domestic Wire.'

Could you not wire before?

Felt this was relevant, as Kraken has an XMR/USD pair.

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Hello,

We are pleased to announce a new USD funding option for US residents (domestic wire) through MVB Bank. For more information please visit our blog for the full article:

https://blog.kraken.com/post/5573/kraken-launches-new-usd-funding-option-for-us-residents/

Best, Kraken

Hello,

We are pleased to announce a new USD funding option for US residents (domestic wire) through MVB Bank.

For more information please visit our blog for the full blog article:

https://blog.kraken.com/post/5573/kraken-launches-new-usd-funding-option-for-us-residents/

Best, Kraken

Hello,

We are pleased to announce a new USD funding option for US residents (domestic wire) through MVB Bank. For more information please visit our blog for the full blog article:

https://blog.kraken.com/post/5573/kraken-launches-new-usd-funding-option-for-us-residents/

Best, Kraken

Hello,

We are pleased to announce a new USD funding option for US residents (domestic wire) through MVB Bank. For more information please visit our blog for the full blog article:

https://blog.kraken.com/post/5573/kraken-launches-new-usd-funding-option-for-us-residents/

Best, Kraken

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This stuff needs more attention. Centralized blockchain is much worse “brave new world” than current infrastructure.

We, the people should really ask ourselves if we would like to opt into something like this and how we want to live and transact day to day

Yea but then i switched to ToS, so me big smart now

Social media more. You see cool cars and people posting a $1000 account suddenly going to $60k and anyone thinks it’s possible.

How Robinhood doesn’t have a trading desk tel# is absolutely beyond me.

God... if I made a million, I would stop immediate and start with 100 again lol

Invest in other businesses or skills to keep my income high and basically live a retired life while still living the hustle life but with extreme security

and the ones that made money will soon find out about short term capital gains taxes.

Honestly I remember getting stuck in a trade years ago on TSLA, my platform glitched up and i had to call my fucking broker in the Bahama's to get me out of the trade. I swear if i wasnt so young i wouldve had a heart attack. The stress was insane! When i consider the fact that I was training for a year, had a concrete strategy, an instructor, exited the trade +500, and still my reaction was pure panic mode. The craziest part... the trade only lasted 10 minutes. That's why Ive always hated the idea of Robinhood. An app that can deliver a financial world with tens of trillions of dollars of transactions at ANYBODIES FINGERTIPS with no qualifications. Throwing young people and their life savings to the fucking wolves in the MOST VOLATILE UNPREDICTABLE MARKET ANYONE HAS EVER SEEN. Then when you bomb out your account it's "fuck you pay me".

They offer very little education, dont provide a simulator so you can see if you can even make money. Instead they allow their consumers to be thrown into a live firing squad where billions of dollars are exchanging hand per second, without providing a single fucking safe guard.

FUCK ROBINHOOD THEY'RE NOTHING BUT CAPITALIST VULTURES RAN BY TRUST FUND FUCKERS, SCALPING WHAT LITTLE PENNIES MY GENERATION HAS LEFT

Ahh yes let's blame Robinhood for other people's problems....it said on the article the dude had a million dollars lol and didn't take it out, who's fault is that?

Wtf how do you get a mil, then jump back in and lose it all? If I got a mil from all of this I Immediately would stop, take the family on a vacation *well if covid wasnt going on* pay off my debts, then drop the remainder info to some safe bluechips/ETF

Maybe his dumbass should've learned that realized Profits are Profits at the end of the day, and nobody went broke realizing them.

​

They went broke gambling for the moon.

😅I use Robinhood and I’m not doing to bad.

lol stonks

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This is financial darwinism.

DDIQ people who don't understand what they're doing are losing thousands of dollars is their own fault. Maybe take time to understand what you're doing instead of taking out debt because you think this is a "game".

Sorry but stick with the app store.

This has been going on since the days of the bucket shops!

TL;DR: Guy goes $75k in debt to fuel his gambling addiction (betting on stocks), makes a million dollars, stupidly loses it all and is left with $7k, whines about it like it's Robinhood's fault he's dumb.

http://archive.is/34LCH for paywall

More New York Times #fakenews. Took out all your credit for tendies and lost... fuck you pay me!

Idk, making OTM options easy as a click of a button would never lose anyone a lot of money. /S

This guy is an idiot, this is in no way about Robinhood when he is taking out loans on credit cards and against his house

“There’s a sucker born every day!”

“A fool and his money are soon parted.”

Robinhood Has Lured Young Traders, Sometimes With Devastating Results

Decluttered version of this New York Times's article archived on July 08, 2020 can be viewed on https://outline.com/nM9tRr

He maxed out his credit cards and took out two home equity loans to buy stocks he clearly doesn't understand. The level of stupidity and piss poor judgment on display here couldn't be prevented by gods or men. He's a fucking dumbass and I feel sorry for his kids.

It's behind a paywall. I read a little bit though. He opened his account by taking out a credit card advance. That's as dumb as it gets. It also says he lost all that money in March, so he's probably made it all back by now. Sort of sick of seeing cherry picked numbers,

This is what encourages absurdities like the whole 25k day trading bullshit that holds down the little guy. Fuck the king.

It's like going to casino without knowing how to play poker and then blaming the casino owner for losing money in poker.

Robinhood is just a platform that allows you to play with your money. It's your responsibility to make it or break it.

The fleecing of America by the wealthy at the expense of the rest of us continues. Read the article, it's not just Scientology, it's billionaires and the ultra-wealthy.

This money is flowing freely to the 1% of the 1% while ordinary Americans are unable to afford rent and small businesses have struggled to get a lifeline. Nice system we have here.

So why not ask questions about this?

Can someone explain to me how these churches are qualifying for federal government loans?

If it’s any consolation, the same thing is happening in every country.

and yet my fathers auto shop couldn’t get one. fuck this country

I own a small business and we were doing alright so I decided not to pursue a PPP loan because I didn't want to unfairly take from the pile when someone else might need it. This makes me angry.

WHAT THE ACTUAL FUCK? All you motherfuckers better vote this year. And in every election, too.

For me if your organization doesn't pay taxes then it shouldn't get a loan plain and simple. #1 reason why the cruise line industry didn't get a loan.

i Wonder if everyone posting here realizes the PPP loan program had strict guidelines. Loan amounts were based on a calculation of the companies pre COVID payroll avg over a period of time. Then the original terms were that 75% had to go to pay employees and payroll Related expenses to get them off unemployment and 25% was allowed for facility expenses such as rent, mortgages, utilities etc.... this all had to be spent over an 8 week period. later on the terms were changed to 60/40 payroll/other approved expenses and over 24 weeks.

There were also other terms and requirements for any staff on payroll making over $100k. Payroll records and receipts all have to be turned in. I think a lot of people think this was just money that went into the company general fund to use however They wanted.

I know, I am the exec director of a nonprofit. The PPP absolutely saved us. We had furloughed almost 100 staff until we received a loan for nearly 200k. $160k of that went to payroll for all the furloughed staff and the rest went to building expenses.

I Am absolutely agreeing that some organizations abused it or were /are easily well enough off in cash flow that they didn’t need it but also know if they received the money they do have to use it for only the approved items.

Sleaze

This article here is the problem with the media. NBC is painting their own story without including logic. PPP money must be paid back if it isn't used to save jobs. Period. It doesn't matter how prominent the business owner is, if the money saved jobs and kept people off unemployment, the plan succeeded and the money was used for good.

fuck scientology

Once you understand the Cantillon effect, you will hate both parties.

None of these “loans” should be honored.

BLAME CONGRESS

There are still funds left in the PPP. If small businesses qualified, they would have gotten the loans.

I’m fine with peaceful profiting in times of economic woe, but these looters are destroying their own communities, financial violence never solves anything.

Hey all you broke small business owners who voted for Trump: OWN IT!!!

Here are some garbage companies. Ftfy.

What’s happening in our government is legalized looting.

Next time someone says that we are a capitalistic country remind them that that’s not true. We are a socialist country - socialist for the rich. That’s what happens when you have a capitalistic oligarchy.

We are socialists for our top 1%

What’s happening is legalized looting by the top 1%

Meanwhile, around 150000 have died from this virus

Don't mind this. You worry about stolen tvs from walmart ! Now that's real theft

The church of star trek fanfiction? Why am I not surprised...

Looks like it's time for another one of these

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Do these companies qualify for small business loans? I am not well versed on how these small business loans work. It sounds like they are using workarounds to get them...

This will support development of new technology that will be crucial for American innovation and the economy in the coming years.

Wow. They were just throwing our money down the drain.

Damn. ConsenSys... Time to take every last dime of that money to gitcoin grants to develop the ecosystem. And whoever decided to apply for the money within the organization should resign immediately. What a bad look.

This should infuriate everyone. A lot of these motherfuckers get ico money, work remotely with little to no overhead, and then they get these huge fucking payouts. Really wrinkles my nutsack.

Oh yeah, and Tron should be the very last fucking coin to get a dime from the US govt.