Show Notes
📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips
AMC's CEO spent the holiday weekend calling Robinhood's tokenized AMC shares "contemptible" and "vile."
Austin Campbell, Ram Ahluwalia, and Chris Perkins break down what a "reverse ADR" actually is, why Ram thinks most of this is derivatives repackaged as innovation, and why Chris pushes back using Robinhood Chain's own financials.
Hosts:
Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell
Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia
Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97
This clip is from a longer conversation on tokenized stocks, meme coins, frontier AI, and the Fed. Full episode here: https://youtu.be/cDFv4OCihgU?si=qdPWALHcmHc97SEc
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👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at http://unchainedcrypto.com/go/1inch-yt
Chapters:
🥊 00:20 AMC's CEO calls Robinhood's tokenized stock vile: what it actually is
📊 06:36 Ram: stock tokens are "derivatives for the sake of derivatives"
🔍 11:17 Why Austin says the AMC fight reveals microstructure ignorance
🏗️ 14:40 Ram: real innovation looks like CDO Square 2.0, not this
💰 21:41 Chris defends Robinhood Chain's financials Learn more about your ad choices. Visit megaphone.fm/adchoices
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