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Is This the End of Plastic? Visa's New Technology Could Replace Physical Cards (www.cnet.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 26 points 4 months ago (5 children)

Wow we really are marching right to towards a centralised digital currency with no privacy and no actually ownership.

Remember back in the day when owning stock meant u owned the actually stocks. Well now u own the right to the stocks but if the platform ur trading on goes under welp out of luck guess u don't actually own them.

You will own nothing and be happy.

[–] [email protected] 14 points 4 months ago* (last edited 4 months ago) (1 children)

What? That's not true. That's what SIPC is for. Just like if a bank goes under and it's FDIC insured, then you're fine.

https://robinhood.com/us/en/support/articles/how-youre-protected/

[–] [email protected] 2 points 4 months ago

Well now u own the right to the stocks

Isn't that called an option in the derivatives market? You can still own stock.

[–] [email protected] 1 points 4 months ago

This

Fuck credit cards, long life to cash!

[–] [email protected] 1 points 4 months ago (1 children)

This only applies to discount brokers, all of which are licensed, regulated brokers.

You do, in fact, “own” the stocks you buy.

The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.

Stop buying into juvenile conspiracies.

And if for some reason you are still not satisfied, you can always opt for a "full service" broker or ask to register the shares in your name, both of which are much more expensive.

Do I own my shares? – Trading 212 - https://helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares

[–] [email protected] 1 points 4 months ago

Vast majority of those who are vocal about “ownership” are from that reddit cult. They’ll drag you down to their level with nonsense and stupidity, trying to convince you that GameStop will make them multi-billionaires. Be careful and don’t waste too much of your time on them.