[maxioatic]

Haven't heard this take before. What are your thoughts on high frequency trading shops and the regular stock market?

[moose_man]

I think they suck just like crypto, these are all mechanisms rigging the economy in favor of the already wealthy. If we don't unrig it we will eventually get civil war. Popular immiseration eventually leads to upheaval.

Checkout the book - End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin

[reisse]

Already wealthy? I don't think you know the scene well. HFT probably pulled more physics and math grads out of poverty than any other field.

[bob_malrey]

At least with stocks you actually own cash flows. Cryptos produce nothing.

[kinakomochidayo]

Ethereum has a perpetual buy back mechanism via burning and staking currently gives about 2.7% a year without MEV

[ric2b]

They produce financial services. Miners have cash flows from the transaction fees.

[arkis22]

If you are upset at trading shops or the stock market as a retail trader, you dont understand the game you are playing.

[ESTheComposer]

This guy is in every single crypto thread here spouting anti crypto nonsense. Don't expect an actual in depth take.