Traditional finance assumes certain profet motives, and it assumes certain things must hold right. It just es gets put on the market maker's books where they hope to either net it out or move the market in a way that they can then scalp out ot af profit. But all these things righ. You know, w why can't these clients trade with each other? Why is that sort of internalizer yo'v ben needed? Ah, i think, i think defy is asking that question now, nicely.
Today, Su and I discuss the rise of WallStreetBets and financial populism in general. As one of the most experienced market participants I know, Su has a unique perspective on the story behind the GameStop short squeeze. We explore why he thinks it is going to end in tears for small investors, which invisible rules of the traditional financial system have been laid bare for everyone to see, and how all of this massively validates crypto and Defi going forward.
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
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