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A comment on Robinhood denies claims that it sold GameStop shares out from under its traders. Parent comment

Re:Robinhood denies claims that it sold GameStop shares out ... by harikb on Friday January 29, 2021 @05:20PM (#25963486)
"15 minutes" to settle cash for next trade is enough "instant" for most traders I think. The part that irritates people is the "2 business days" problem in the regular account.

I have heard it is complicated, but can someone elaborate the "computing cost" of a regular (non-coin) digital transfer?

Btw, transfers within 15 minutes are being done all over the world without the fancy blockchain and coin. I do understand the need for some transfers to be delayed , say liquidating all of one's investment to take a few days just for security reasons.

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Re:Robinhood denies claims that it sold GameStop shares out ... by ur-whale on Friday January 29, 2021 @05:24PM (#25963528)
>can someone elaborate

Well there's - for starters - :

https://www.investopedia.com/terms/c/counterpartyrisk.asp

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Re:Robinhood denies claims that it sold GameStop shares out ... by freeone3000 on Friday January 29, 2021 @09:22PM (#25965380)
All of that risk is associated with holding the goods and currency for this delayed period! It all makes sense, but, if ACH was 10 minutes instead of two days, the entire issue would barely matter.
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