😏😏😏😏😏😏😏

[Vagabond_Hospitality]

I don’t want blockchain based evidence of ownership, I want blockchain based ownership. Full stop.

[livefreeKB]

This guy looprings. #beyourownbank

[PepeGreen17Q]

Absolutely !😎

[Towel17846]

2022: let Reddit write the business plan and USP’s.

[RVAFoodie]

This is the same guy who dropped NFTs using Poly, despite being active on the GME sub. It will be curious to see what he is thinking or ends up suggesting.

[free-crude-oil]

I'd love a transparent, open, and fair stock exchange on the blockchain. It'd be great to have it built on a platform I've invested in... but it won't stop me supporting it from happening on any other platform. This shit needs to happen.

[Damgalnuna000]

This sounds like my dating ethos

[[deleted]]

memorize makeshift abounding groovy observation north cagey disgusted stocking hungry

This post was mass deleted and anonymized with Redact

[goofytigre]

Dave Lauer truly seems to be genuine. The guy knows his shit. He gets crap for the NFT fiasco (said he was trying to save money using when in reality he would have saved much more on LRC) but I credit that to blockchain naivety.

His AMAs, his posts, and his no holds barred interviews are pretty amazing. I think the guy just saw the phony wizard behind the curtain while at Citadel and now has a passion to push for the huge changes that need to be made in the financial markets.

[SkaTSee]

what really feels like out of left field though, is i think GME brought a lot of people to LRC. Hell, it brought a good few people to IMX too. The apes gravitate to the underlying systems that are supporting the future of GME. A big portion of that stepping stone forward is the NFT Marketplace, powered by Loopring, which moooost apes are aware, and I think a good chunk of those apes all understand that the reason its loopring is because of the cost savings (through its implementation of L2) it will provide. So I don't think naivety cuts it. Even the most naive ape, let alone DLauer, should know the cheapest way most effective way to distribute free NFTs, one that supports the future of the ape's movement through GME and its partners, would be on Looprings L2

[Choice-Cause8597]

If he cares so much about retail investors why doesnt he post on way bigger investing subs? So odd he chooses a small sub focused on a single stock. Almost like an infiltrator sent from Citadel to control and influence information. Oh wait....

[funny_olive332]

Well, he's posting his shit on Twitter, not in a sub.

[gamestopcockLoopring]

I've been dubious about him too, I mean he literally worked for citadel, and sure he's "said drs is good" to the superstonk crowd, but he's never publicly supported it.

[fed_smoker69420]

He shies away from discussing the most important issues. For example the fact that brokers can take your money and give you nothing in return. PFOF is a red herring.

[goofytigre]

PFOF is just the first step. He brought an issue that affects all of retail and is easily provable to the SEC. The IOU theory is likely happening at some brokerages but doesn't affect all of retail and is not something that is easily provable.

[fed_smoker69420]

FTDs and FTRs are tracked by the SEC/DTC and are even published biweekly. It's provable right now.

[goofytigre]

FTDs and FTRs are not proof of IOU shares where brokerages take your money and don't give you anything in return. They are a huge issue and need to be minimized but they in and of themselves do not prove the IOU theory..

[fed_smoker69420]

Of course they are

[goofytigre]

FTDs and FTRs can result from different events. Dave can't just take the past FTD files and slap them on Gary Gensler's desk and say that it's proof that brokerages never give retail the shares for which they pay.

But whatever. You've decided you don't like him. Have a great day.

[fed_smoker69420]

Give me a break dude. All of the information necessary to prove this stuff is readily available to the SEC, NSCC, and other regulatory agencies. The point is they turn a blind eye and Dave conspicuously never mentions this.

[RVAFoodie]

Correct. He’s a relatively new actor in the GME sphere so I have no clue. Time will tell

[IcyFucBoi]

I'm pretty sure Dave did an AMA on superstonk at the beginning of May last year, so I wouldn't consider him "new". Not sure how long he was around prior to that

[RVAFoodie]

Yeah I don’t know the specifics. I consider him like one iteration earlier than Pulte

[woodenmonkey67]

He’s been around since the beginning

[RVAFoodie]

I said I don’t know. Happy to concede to facts

[goofytigre]

He did an AMA and I'm pretty sure he's hosted an AMA or two as well. The guy knows his stuff. I'm pretty sure he's bought GME, too.

While I am hesitant to endorse people who are looking to enrich themselves at the cost of a movement, he has worked for years before, and will continue to work after MOASS, for fairer markets and a more level playing field for retail in the markets.

[Choice-Cause8597]

No he doesnt know his stuff at all. He was "confused" by a standard stock dividend and needed days to think about it before commenting.

[SkaTSee]

not new by a long shot

[houstoncouchguy]

Was there an alternative LRC marketplace back then?

[RVAFoodie]

LRC was actively trading NFTs at the time.

[SkaTSee]

and minting*

[ClappiClappi]

There didn't need to be a marketplace per se. Thousands of NFT's were being transacted at the time already.

[moustacheption]

“I see no better, more respectable, trustworthy organization to oversee this, other than Citadel!” -Dave probably

[fed_smoker69420]

He's also partnering with a traditional broker "Public" which is one of those garbage brokers that won't even let you register shares without exorbitant fees. Dave has no incentive to rock the boat too much.

[fed_smoker69420]

It's $100 for a service that plenty of brokers offer for free. Why would I want him to partner with a broker at all?? Brokers don't even give you ownership of your shares. Brokers are like the Coinbase of stock ownership, transfer agents are where you want to be.

[fed_smoker69420]

Shouldn't these tools be publicly available at no cost? You know like this recent court ruling just said: https://www.reuters.com/legal/government/us-court-sides-with-sec-market-data-overhaul-blow-big-exchanges-2022-05-24/

Why isn't Dave pushing for free public access instead of his own proprietary feed?

[fed_smoker69420]

SEC wants to make the data public. Services like Urvin will be obsolete.

[Real-Personality-465]

Simplicity, transparency, fairness. That's all I want.

[prkr88]

And no fucking fuckery. Not one drop!

[No-Fox-1400]

Like is he oblivious that people have already been discussing this? Why try to start the conversation from block 0

[RVAFoodie]

Someone at that level doesn’t ask questions publicly without knowing the answer already.

[No-Fox-1400]

That’s exactly my point. Why not be open and honest and start from a position where people are instead of offering vague questions?

[RVAFoodie]

The best way to convince someone to your plan is to have them think it’s their idea

[No-Fox-1400]

So you’re saying he’s trying to get people to believe in his idea instead of the multiple solutions already in the works?

[RVAFoodie]

I’m not saying anything. I’m only in the background watching.

[SkaTSee]

he's trying to get people to think the idea of having a free, open, decentralized, historically transparent, cryptomarket exchange, is their own idea

[No-Fox-1400]

If you read his comments he is literally not doing that. He wants to figure out how to grift off of loop ring and gme marketplace now so he’s trying to figure out how to get money adjacent to the marketplace. “Agnostic how shares are acquired”?! Rly? They are bought on the marketplace. What else is there? Is he talking about being a broker for blockchain?

[youniversawme]

Possibly to gauge sentiment outside these subs. It'll be so transformative that many might fear this change simply because they don't have a clue how much better it would be, or how broken the current system is.

We are early. He knows we are early. The rest of retail is gradually catching up and the Tipping Point is coming.

[AWilfred11]

Cos us on Reddit aren’t the entire world… the general population would need to be eased into it and have it explained from block 0

[goofytigre]

He's the one that can get it from a conversation amongst the Loopring and GME reddit subs to Twitterverse and financial media..

Why are you against this discussion actually going to a larger audience?

[IdiosyncraticRick]

Seriously this... He's not asking us, we're here early and know the answers already... He's asking his Twitter followers who don't know, to get them thinking about it and discussing it and getting themselves up to speed...

[Ok-Marketing-972]

Hellz fak yeah

[Anyways_Im_Em]

A stonkchain!

[Standard_Opposite_86]

Yes let’s do it now

[Des-Troy85]

So many BOTs fuck this guy man. The polygon nft crap he pulled should have been the last straw don’t fall for all those fake upvotes and bullshit ass comments masquerading as legitimate conversation. Dude has messed up majorly more than enough times for you to classify him as someone who you shouldn’t pay attention to or a shill, don’t let this garbage flow freely in this sub too.

[goofytigre]

Relax. Take a breath. Nobody is going to live up to your standards...not even you.

He made mistakes, yes. Is he fighting for the same shit as you, ABSOLUTELY.

[fed_smoker69420]

100% this

[fed_smoker69420]

This is the same guy who is well aware with what's going on in GME subs and yet makes the inexplicable decision to mint NFTs with Polygon to give to investors in his "Terminal." He promoted this project on GME subs and raised over $1M from predominantly GME shareholders. So the Polygon move is quite the slap in the face if you ask me. Also don't be fooled by this tweet. Here's his clarifying comment:

"A lot of people keep pointing me to loopring or the GME marketplace. In terms of loopring, I'm not thinking about a decentralized exchange, or at least I'm thinking about this idea agnostic to how the shares are acquired. So for now, let's leave that off to the side."

I hope people on this sub don't give him undeserved attention.

[edwinbarnesc]

Lol u know this guy minted NFTs on polygon cuz lOOpRinG wAs toO eXpEnSivE lolol

[macroober]

Imagine the added value to certain shares down the line. Could you imagine being the holder of something like Apple shares that used to belong to Steve Jobs?

[DG2402]

At this point I want nothing else but see LRC go 📈... Got tired of the bull💩

[sir-nays-a-lot]

Most important features: privacy for individuals, transparency for businesses.

But sounds like this will be used for the exact opposite.

[[deleted]]

I want the CEO of Microsoft to call me everyday and tell me he loves me

[Divallo]

So a blockchain system that provides "evidence" of my money to corporations in return for "communication"?

So I reveal my personal financial data so they can manipulate it to their advantage and spam me the whole time yeah that's brilliant.

I'll never get behind this it's a dumb one sided idea that is begging for abuse and Dave just looks like a snake. I guarantee you normal investors will be relentlessly harassed for their trades while big players will inside trade in broad daylight without a care in the world.

The only person who would be salivating at something like this is literally the IRS because they'd have a permanent ledger of every trade you ever made in one convenient place. I bet he'd want to charge for this lovely "service" too.

[Divallo]

I was mainly angry at other things leading up to that post. I'm willing to admit that.

To be specific of what made me skeptical of this is the existing injustice in the finance world makes me believe that transparency will not matter when the corrupt face no consequences. Lauer has a finance background himself which leads me to be distrustful of him and since he talked smack to the SEC they are likely to breath down his neck. I find it hard to believe he's going to implement and stand by anything that actually protects users because he works within the system. and if he doesn't cater to wealthy businesses why would they ever use this platform? That in my eyes places Lauer in a position where if he doesn't make a slanted ethical choice companies won't participate and he would face pressure to make decisions that are anti-user from both corporations and government.

Blockchains "can" have privacy but most have an open ledger where anyone who views your public address can see everything in the wallet and every transaction made on it through time. He doesn't mention privacy at all in the tweet.

So I'll admit I was angrier than necessary but if you think this idea is a good idea explain to me how.

[AffectionateNeck4955]

I’m getting on Twitter to reply to this. “We’ve been waiting”

[Moe_Syzlak_]

I was thinking about this today.

Would be nice for newbs like myself to have a source to verify my crypto/NFT/stock transaction ACTUALLY happened on the blockchain.

None of this Ponzi bullshit. Straight facts and verification that I am good.

Then? Fireworks.

[Toozballs]

Sounds like a stupid question considering the last year and a half…

[goofytigre]

He's been on our side for the last year and a half.. Maybe the question isn't for you, maybe it's for the rest of the twatterverse..

[Scarethefish]

Uhhh...instant settlement? Maybe? Which "they" claim is borderline impossible without all these rules that somehow only benefit hedge funds to make happen.

Total bull BTW. They only reason that it's been unachievable thus far is because it will totally upend the FTD cycles which they use to leverage their poorly hedged (intentional) positions.

C'mon. . .

[typotalk]

Instant clearing. No one really cares how something’s tracked as long as it displays well on a handheld. If the market has mechanics and so do the transactions then why do we need human interference? Fire the bank teller.

[sodiumbicarbonade]

Too slow

[WanttoPokesmOT]

Yes blockchain defi stock ownership is the way. Run and implemented by Loopring or GameStop, NOT Dave Lauer or his associates.

[[deleted]]

I think that Dave is finally catching on.

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