The Apology
Robinhood's excuse for halting buys was slow settlement. They spent five years and a billion dollars building a blockchain to fix it.
This coin lives on the apology.
EXHIBIT NO. 1 — THE HISTORY
Everything below is real. That is the joke.
A user named DeepFuckingValue posts a $53,000 bet on GameStop. The stock is $4. Everyone laughs.
Short interest reaches 140% of the float. More shares are sold short than exist.
"Gamestonk!!" — @elonmusk, 9:08 PM
GME touches $483. Robinhood restricts the stock to position closing only. You may sell. You may not buy. By lunch it trades at $112.
"A few things I am not: I am not a cat, I am not an institutional investor, nor am I a hedge fund… I like the stock." — sworn testimony, United States Congress
Melvin Capital, the fund that shorted GameStop, shuts down. F.
After three years of silence, Roaring Kitty returns — one wordless tweet, May 12. By June 13 his final screenshot shows 9,001,000 shares.
Robinhood launches its own blockchain. Nine days later, this.
The hedge fund is dead.
The video game store is a Bitcoin whale making a $55.5 billion bid for eBay.
And the coin lives on the buy-button company's blockchain.
EXHIBIT NO. 2 — THE PREMISES
Entered into the record, for whoever is keeping one.
Robinhood's excuse for halting buys was slow settlement. They spent five years and a billion dollars building a blockchain to fix it.
This coin lives on the apology.
Robinhood earns network fees on this chain. In 2021 they turned off the buy button.
Now they get paid every time you press it.
Robinhood Chain's tokenized stocks are live in 120+ countries. The United States is not one of them.
American apes still can't press buy — except on this.
Yes, we know: the chain runs on a centralized sequencer, so technically there is still an off switch.
We find this funnier than you do.
Not affiliated with Robinhood Markets or GameStop Corp. Obviously.
EXHIBIT NO. 3 — THE INSTRUCTIONS
Four steps. None of them can be turned off at 3:30 AM.
MetaMask or Robinhood Wallet. Any EVM wallet works.
Self-custody. Nobody can restrict your account while you sleep.
One tap, or enter it manually. ETH is the gas token.
From Ethereum or Arbitrum to Robinhood Chain.
Arbitrum Portal canonical · ~10 min
Relay · Across fast
Open Uniswap on Robinhood Chain, paste the contract, swap ETH for GME.
OPEN UNISWAPThe button works now.
At least three copycat GME tokens exist on this chain. The only contract is:
Check it against @gamestoponrh before you swap.
EXHIBIT NO. 4 — THE EVIDENCE
Don't trust us. We're a memecoin. Verify.
No promises are made on this page. That would be a roadmap.
EXHIBIT NO. 5 — THE PLAN
There is no formal team or roadmap. There never was.
The hearing is in session. Attendance is voluntary and irreversible.