# $HOOD — X 热门讨论 (2026-09-12 06:43 UTC)

## @StockRetail (RetailStock) · 09-12 00:37 · ♥34 ↻8 💬2 1/ A thread from the video I did a couple days ago proving $hood does not indeed commit to back their tokens with shares - they back them with collateral. Note how often "plumbing" came up. Somehow I'm taking this one personally

Here's me on plumbing: 3 slides, typed out 5 times, then 10 times I say it in the transcript...

So I present you "plumbing": a thread on RH passing _ _ _ _ through pipes of their own making to ensure a closed loop

video link at end. Get informed. They do not have to back these tokens with shares and that's not even the worst part of what I uncovered.

$amc $gme #tzero #ftx > 引用 @RobinhoodCrypto: plumbing, built different https://x.com/StockRetail/status/2098571651453735390