Wall Street has decided you're not responsible enough to buy GME. This is why we need DeFi.

For years, the crypto community has pointed to government control over fiat money as the reason Bitcoin needs to exist. People need an asset that they know can't be arbitrarily printed or controlled by corrupt governments.And after 12 years, this narrative is taking hold. The financial industry is starting to take Bitcoin seriously, investors and large corporations are putting Bitcoin on their balance sheet to reduce their dependency on the behavior of the US federal government.But the next fight is upon us.This week, the common folk of the internet discovered their power. They discovered that by working together, they can challenge the powerful entities of Wall Street.And Wall Street hates it.As of right now, Robinhood and most other trading products are in "reduce only mode".Wall Street has decided that you're not responsible enough to buy the stocks that you like, so they've taken away your stock buying privileges.Of course, hedge funds will still have access to GME and AMC. But not you.This is why Bitcoin is only the beginning of this revolution.It's not simply enough to be able to custody your own assets. You need to be able to trade them, to lend them, to leverage them. You should have access to the same financial instruments that the rich people on Wall Street have access to.This is why we need DeFiNobody can turn off Uniswap. Nobody can turn off Aave. Nobody can turn off Synthetix.Nobody can tell you that leverage-longing some shitcoin is irresponsible and you're not allowed to do it.This can be our moment.Thousands of people, from WSB to Twitter, have just been deplatformed, just for wanting to invest their money as they see fit.Let's show them the future. Let's show them a world where finance is not owned by any government or hedge fund or billionaire.A world where, as long as you're not hurting anyone, you're free to use your money however you like.

Submitted January 28, 2021 at 08:41PM