Robinhood isn't competing with Interactive Brokers and Charles Schwab. It is competing with Netflix and TikTok. DeFi has built an even better casino than Robinhood and Wall Street. Besides the profits and the novelty, people are attracted to DeFi because it is entertaining. DeFi is an e-sport.
That is the key decision that Shopify, Substack, Teachable, Superpeer, MyVillage, Wonderschool, WeeCare, Squire, Dumpling, SmartHop, and every other BiaB platform will ultimately face.
The first step towards being “high agency” is always the same. You cannot take effective action towards bending the world to your desire until you know, in detail, what it is that you desire.
With more than 13 million users, Mint is considered the market leader in the PFM space. However, after being quickly acquired by Intuit in 2009 for $170m, the app has spent more than a decade failing to innovate.