Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2026 Poal.co

117

I just heard ceo of Robin Hood get asked if, at 5:11 am, they had the 3 trillion to cover the gap. They said no. This is the same as owning paper silver. If there’s a run/squeeze, you’ll just be holding worthless paper. How about with Bitcoin? Say you buy through PayPal or cashapp. Could the same thing happen? Or is it different because Bitcoin is already an “intangible” asset? I’m asking because I am actually retarded.

I just heard ceo of Robin Hood get asked if, at 5:11 am, they had the 3 trillion to cover the gap. They said no. This is the same as owning paper silver. If there’s a run/squeeze, you’ll just be holding worthless paper. How about with Bitcoin? Say you buy through PayPal or cashapp. Could the same thing happen? Or is it different because Bitcoin is already an “intangible” asset? I’m asking because I am actually retarded.

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (20).
[–] • 0 pt

There's no way to pull your crypto out of robinhood, so no way to make a "run on the bank". Like with Coinbase, you could transfer your crypo to a private wallet (as you should). With robinhood you cannot do that, you only ever owned it on paper, aka you never really ever owned it. There's a saying in bitcoin - not your private keys, not your bitcoin.

[–] • 0 pt

took over 3 weeks with my computer on 24 /7 to sync my wallet.
and that was with a large portion i could download to catch up "quicker"