A recent statement from a leader at a major cryptocurrency trading platform presented an interesting perspective—so-called "new finance" hasn't actually improved traditional finance; instead, it has weakened the original safeguard mechanisms.
He gave a straightforward example: these new financial products look like stocks, but you can't receive dividends, nor do you have voting rights, let alone investor protection measures (such as SIPC protection). In simple terms, they've just changed the appearance of financial products but removed the most core investor rights.
This viewpoint hits a nerve for many—indeed, some projects and platforms are operating under the banner of "innovation," but in reality, they are evading regulation and protection responsibilities. If a financial instrument lacks the safeguards of traditional finance and doesn't grant investors substantive governance rights, is this design an advancement or a regression? It's worth the industry pondering carefully.
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TheShibaWhisperer
· 11h ago
These words are quite harsh, but they really hit the nail on the head. Same old story, just a different coat of paint.
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Basically, it's just a new trick to scalp retail investors.
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So I don't understand why they call it "innovation." It's obviously just pulling down your pants and farting.
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This guy is right. Cutting all protections and still calling it finance? That's laughable.
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Wait, isn't this just legal fraud? I'm a bit confused.
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Haha, it's that same "decentralization" cover story. In the end, it's still investors' money being taken.
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Someone should have said this a long time ago. Too many projects follow this routine, it's obvious.
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Good question, but I bet five bucks no one really wants to change this.
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AirdropNinja
· 11h ago
This is such a heartbreaking statement; we've all been fooled for so long.
The words are good, but the problem is who will regulate these people.
Another wave of the same old scam, just a different disguise.
What sounds nice is called innovation; in reality, it's just to avoid losing money.
This big brother finally said what I’ve been thinking.
It feels like we are just being used as ATMs.
Just listen, anyway, if you're going to lose, you're going to lose.
Without a protection mechanism, it's pure gambling, yet they call it finance.
I was wondering why the profits are so quick; it turns out these are exactly what’s missing.
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MetaverseVagabond
· 11h ago
It's just us being cut like leeks; all these new financial schemes are nonsense.
It's so frustrating. Haven't we learned enough from these bloody lessons over the years? A bunch of whitepapers with promises, but in the end, nothing is delivered.
Exactly. Removing guarantees is like removing the bottom line—purely a leek-cutting scheme.
They want our money but don't want to give us rights? That logic is just brilliant.
Regulators need to step up, or this industry will be completely rotten.
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MEVHunterNoLoss
· 11h ago
Exactly, this is just a rebranding without real change in approach.
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No dividends, no voting rights, no protection—what's so innovative about that?
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Damn, isn't this just a new term for cutting leeks? I've seen through it long ago.
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The problem is the lack of regulation; these people dare to play like this—it's outrageous.
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True innovation should be about strengthening protection, not cutting everything away. The logic is reversed.
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Hearing the platform owner say that makes me feel at ease; at least someone is telling the truth.
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Now in the crypto world, isn't everything just a noble packaging that can be sold? So ironic.
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Yeah, I just want to know what would happen if I was given dividends or governance rights—why take everything away?
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That point really hits home; I was scammed just like that in my previous investments.
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If you ask me, regulation is a bit late; it should have been rectified long ago.
A recent statement from a leader at a major cryptocurrency trading platform presented an interesting perspective—so-called "new finance" hasn't actually improved traditional finance; instead, it has weakened the original safeguard mechanisms.
He gave a straightforward example: these new financial products look like stocks, but you can't receive dividends, nor do you have voting rights, let alone investor protection measures (such as SIPC protection). In simple terms, they've just changed the appearance of financial products but removed the most core investor rights.
This viewpoint hits a nerve for many—indeed, some projects and platforms are operating under the banner of "innovation," but in reality, they are evading regulation and protection responsibilities. If a financial instrument lacks the safeguards of traditional finance and doesn't grant investors substantive governance rights, is this design an advancement or a regression? It's worth the industry pondering carefully.