Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by trothamel on Thursday January 25, 2018 @11:21AM
(#16231935)
I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".
[ Parent
| on HN ]
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by xanderstrike on Thursday January 25, 2018 @12:15PM
(#16232482)
E*Trade and other online brokers are the "rich," with their silly fees and ridiculous limits on when you can take your money out.
Robinhood, by not having fees, takes the stock market from the rich and opens it up to everyone else. IMO it's a great name.
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by jlamberts on Thursday January 25, 2018 @11:27AM
(#16231993)
I think the idea for the original product (I.e. non cypto) is that it's target the "little guy" with no commission on trades. So people feel like they're taking from the rich institutional investors.
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by tannerwj on Thursday January 25, 2018 @11:45AM
(#16232191)
Because Robin Hood gave back the money the rich stole from the poor. It is just a way to level the playing field
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by bluntfang on Thursday January 25, 2018 @12:23PM
(#16232558)
who cares, it's working. you're talking about it. look at all this free marketing.
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by rublev on Thursday January 25, 2018 @11:26AM
(#16231987)
If you have any branding ideas for "stealing from the poor" that will get those poor to use it, I'm all ears.
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by kbutler on Thursday January 25, 2018 @12:10PM
(#16232446)
Payday Lending
http://www.pewtrusts.org/en/research-and-analysis/fact-sheet...
"annual percentage rates averaging 391 percent." (That's not a typo)
"Average borrowers earn about $30,000 per year"
"Most borrowers pay more in fees than they originally received in credit "
"each year, spending $9 billion on loan fees. "
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by RosanaAnaDana on Thursday January 25, 2018 @11:31AM
(#16232029)
Cash4Gold?
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by arethuza on Thursday January 25, 2018 @11:36AM
(#16232089)
Lotteries?
[I remember the UK National Lottery being described as a "tax on stupidity"]
Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by crankylinuxuser on Thursday January 25, 2018 @11:33AM
(#16232052)
I think something that rhymes with "Bells Largo" would be a good place to start!
Or if you're going for the sweet investor moneydrop, go for something like "Sharing Economy". That says "We steal from the poor and give to the rich" like no other!