You are right. So he played by the rules and got $31M.
The point is, the "good" exchanges with worth of billions $ weren't not hacked yet. So that puts a lot of trust in them.
You basically have the same scam in clasical finance. There are a lot of examples, even one that caused a financial crisis. So let's say it can be a good thing that "bad code" or "bad asset management" is discovered early.
Not sure how user-friendly Nix is for Desktop. But definitely the approach seems to be right.
Anyway my solution right now is using timeshift. Quite happy with it. Already was able to rollback the nvidia driver and get my touchpad back. Seems like a workable approach, but definitely would expect some kind of native functionality.
Exactly that is what I did. Everything worked again. The driver broke it so. BUT it is kind of a general problem, since it isn't always possible to just format and reinstall everything...
Something like git revert would be amazing for apt. But maybe I just want to much.
Got it. Sounds interesting.
Just one remark about it, europe seems to be banning practices related selling the order flow. As you said it sounds a bit weird. Lets say non transparent.
So maybe you don't always get a good deal.
PS:
Crypto isn't always better in this regard since, there are some frontrunners and so on. The difference is that it is completely transparent.
Actually you can do it for cryptocurrencies as well. There are a lot of aggregators that execute or split your order across different exchanges.
As you said yourself, brokers may offer somehow better prices. My point is just, it is not possible to interact directly with the exchange, even if it maybe for some people more convenient to use a broker. There is no free lunch, more third parties means in my opinion worse price or higher fees.
Ok maybe in the us. Anyway are you sure it is really free in regards that they don't give you a worse price or won't execute if things move in the wrong direction like Robinhood did...? My point is, its just inconvenient for me to rely on a third party without able to enter the "true" market on myself.
I mean 24-7 comes for free. Security comes in some way for free as well.
Large amount: its relative, so even for 10k USD you would pay 100 USD as fee. You get similar fees for purchasing stocks and many have more then 100k in equity. So it isn't really a small niche. Rather a huge market that may get more simple and cheap through DeFi.
1% is true, for a lot of banks in my country. IB may be an exception, without going into details I had trouble with their kyc.
DeFi is a buzz word. Lets take Uniswap. You get direct access to an exchange. It works 100% of the time. You pay the same fees as everybody else.
Traditional exchanges: try to get the same fees as a HFT shops. Yeah forget it. Even through IB you don't get direct participation on the exchange. So in my perspective the traditional system is kind of rigged in the way how different actors are able to participate. At least at the moment DeFi is fair in this regard. Also you get full access to the assets you are holding without any third party..
I think DeFi basically justifies the high market cap of ethereum. You have a decentralized exchange working 24h, with basically no downtime.
Compare it to normal exchanges:
- need to register
- need kyc
- hard to tranfer LARGE sums cheaply
- your bank can block your assets as well as your gouverment
- fees are sometimes very high as well. Example tried to convert one currency to an other 1% fees in europe. I think you would pay less in a DeFi setup.
- Now imagine you could buy stocks and so on on defi. That would be a killer application.
I could go on but the point is. DeFi solves a problem.
You basically have the same scam in clasical finance. There are a lot of examples, even one that caused a financial crisis. So let's say it can be a good thing that "bad code" or "bad asset management" is discovered early.