alt Hacker NewsI dunno, I feel it's just democratizing insider trading. And as everyone knows, if it has "democratizing" in it, that means it's automatically good.
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seydor • today at 8:22 AM
> democratizing insider trading
Those are contradictory words
I dunno, I feel it's just democratizing insider trading. And as everyone knows, if it has "democratizing" in it, that means it's automatically good.
> democratizing insider trading
Those are contradictory words
In a way, it's even worse. (Yes, I know the post is sardonic, I mean it's even worse than that.)
Many of these things are not really democratized either, they're centralized systems with a "we empower you" sales-pitch. The opaque and unaccountable central authority has an incentive to pick-and-choose what's possible, and to put their thumb on the metaphorical scales to get certain outcomes.
Kind of like ride-share apps: Any pretense of "democratizing" jobs faded, instead they enabled new flavors of monopolistic exploitation.