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Discord bans r/WallStreetBets server, subreddit went private for a while

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Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#191

Post by toomuchtodo »

ashtonkem wrote: post #186
qqn wrote: post #31

Earlier quoted context omitted.

The thought crossed my mind too, but if so then why?

Risk of SEC involvement. This admin is probably nowhere near as lenient on this kind of stuff as the last was, and the recent nonsense with GameStop is probably bad enough to attract negative regulatory attention.

That’s the joke. The SEC pursues the mostly harmless while letting the sharks go free. Did they do anything about naked short selling of Overstock stock? Nope, and now that it’s happened again and retail took advantage of a bad trade, the rules suddenly change “to protect the little guy.”

It’s disingenuous at a minimum, and crony capitalism when taken to the maximum.

Are they doing anything about Nancy Pelosi (her husband Paul to be specific) buying Tesla calls before bills were brought forth with generous EV charging network subsidies? “Nothing to see here.” (Nothing against Pelosi and not intended as whataboutism, picked because it was top of mind from some research today and the disparity of enforcement)

Edit: Pump and dump schemes absolutely should not be supported. Piling into a short squeeze is not a pump and dump scheme.

Edit 2: https://i.imgur.com/SZJ9XEa_d.webp?maxwidth=640&shape=thumb&...

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#193

Post by xiphias2 »

easton wrote: post #100
xiphias2 wrote: post #52

Earlier quoted context omitted.

It worked, Gamestop postmarket price is down from market close.

In the last 20-30 minutes too, which suggests it was purely because of WSB getting wacked. That's weird, it seems like the sentiment of the people investing in GameStop wouldn't be changed just because of this.

We'll see if the stock recovers or not, but I remember in 2014 Bitcoin's price bubble popping from over $200 because Bitstamp was DDOS-ed. It's a great strategy generally for timing bubble pops.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#194

Post by philliphaydon »

syspec wrote: post #164

Looks like people are migrating to https://www.reddit.com/r/Wallstreetbetsnew/

Well when places like /r/sino exist I think they are safer on Reddit than anywhere else for now. Reddit seems to be ok with hosting anything.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#195

Post by mrtksn »

disgrunt wrote: post #177
mrtksn wrote: post #133

Earlier quoted context omitted.

See, the problem is that people are doing all this because they believe that it doesn’t matter. These are not idealists or indoctrinated revolutionaries. No one is going to do anything if it’s not going to bring lulz or cash quickly because nothing matters anyway. All the anti establishment movement is nihilistic in its core. These are not Eastern European kids who dream to finish school and go to Western Europe and…

You are certainly right for many participating in this short squeeze. But collectively this short squeeze is undeniable proof that what's good for the goose is not good for the gander. The hedge funds play by a separate set of rules from the rest of us.

That’s why they believe that it doesn’t matter in first place. I’m not a nihilist but I think they have a point.

As a Long time lurker of the sub, I’m not happy with reddit closing it down.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#196

Post by Blikkentrekker »

mc32 wrote: post #4
rasz wrote: post #2

>“hateful and discriminatory content after repeated warnings.” banned for posting memes like https://twitter.com/NorthmanTrader/status/135439073542503628...

The r word isn’t nice. But that cannot be the reason to ban the server. This sounds like an excuse. They mention fraud several times -but say it’s NOT because of fraud— but I almost perceive a wink when they mention it like that.

“retard” is the most ironic example of the ineffectiveness of the euphemism treadmill.

And now, on GameFAQs, I could not include the term “tardive dyskinesia” in a post. It was refused because apparently the four character sequence “tard” cannot occur in any word.

They could, at the very least, simply implement a system that a human moderator receives an immediate notification when a any of their banned words is used, who will then use good human judgement, rather than such wide blanket bans of four character strings.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#197

Post by SpicyLemonZest »

disgrunt wrote: post #177
mrtksn wrote: post #133

Earlier quoted context omitted.

See, the problem is that people are doing all this because they believe that it doesn’t matter. These are not idealists or indoctrinated revolutionaries. No one is going to do anything if it’s not going to bring lulz or cash quickly because nothing matters anyway. All the anti establishment movement is nihilistic in its core. These are not Eastern European kids who dream to finish school and go to Western Europe and…

You are certainly right for many participating in this short squeeze. But collectively this short squeeze is undeniable proof that what's good for the goose is not good for the gander. The hedge funds play by a separate set of rules from the rest of us.

Does it prove that? I tend to agree that it's true, but I don't see what it has to do with the current situation. If anything, I expect most people to argue the opposite - when the price drops again, and some retail traders lose their shirts, there will inevitably be a flood of thinkpieces about how cruel the financial system is for permitting them to lose money on the same terms as a hedge fund.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#199

Post by Blikkentrekker »

Tenoke wrote: post #36
tidepod12 wrote: post #9

Earlier quoted context omitted.

WSB is notorious for also posting a lot of anti-LGBT slurs (for example, one of WSBs favorite insults is calling someone a "gay bear", or more commonly a rainbow emoji followed by a bear emoji, or even calling people f*gs). Also worth noting that the Discord group is so much worse than WSB the subreddit. Sometimes on the Discord server there are just people spamming the N word for no reason.

>WSB is notorious for also posting a lot of anti-LGBT slurs (for example, one of WSBs favorite insults is calling someone a "gay bear", or more commonly a rainbow emoji followed by a bear emoji, or even calling people f*gs). For what is worth, they pretty much never use it actually insultingly, and do not seem to harbor any ill-will against LGBT people (and some of them are lgbt). They also mostly use those words to…

On 4chan, “-fag” is essentially a nominalizing suffix at this point that is semantically interchangeable with “-man”; it lacks any connotation of positivity or negativity.

Re: Discord bans r/WallStreetBets server, subreddit went private for a while

#200

Post by robomartin »

I said this before [0] and will say it again: The tech community will some day regret wielding this kind of power.

It's about loss of trust, which is, perhaps, one of the most delicate things in the universe.

Now everyone in the world knows, in no uncertain terms, that your person, business, website, cause, discussion board, advertising capabilities, email, online documents and tools can evaporate and be taken away and shut down, with you and your business destroyed overnight.

That's the world we live in today.

This, BTW, has nothing whatsoever to do with politics. WSB was not about politics.

I thought this GME "event" might result in much-needed introspection and changes in the financial community. If you didn't catch Chamath Palihapitiya's interview on CNBC's "Halftime Report" today you should take the time to watch it. I couldn't find the full interview (easily 20 to 30 minutes long) or I would have posted a link (this is the closest I found [1]). He clearly goes over some of what he thinks might have motivated the GME event. I agree with quite a bit, if not all, of what he said.

Part of me hopes that folks now cutoff from WSB will revolt against this and continue on their mission.

Full disclosure: I hold non-directional positions on GME. In English, I make money whether it goes up or down...so I don't care which way it goes.

[0] https://news.ycombinator.com/item?id=25878457 [1] https://www.cnbc.com/video/2021/01/27/billionaire-investor-c...

BTW #2: This isn't to say that such things as porn and other online conducts and content might not be in a range between objectionable to net-negative to criminal in different parts of the world. The issue is with platforms placing themselves in the position of being arbitrers of what's purity, values, truth and righteousness. If that's what they want to be they need to be financially and legally responsible for what they do not moderate. We have laws to deal with the criminal elements among us.

BTW #3: (sorry for the edits). This is also a case of famous Martin Niemöller poem [2]:

"First they came for the socialists, and I did not speak out—because I was not a socialist.

Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist.

Then they came for the Jews, and I did not speak out—because I was not a Jew.

Then they came for me—and there was no one left to speak for me."

Everyone was thrilled when they came for Trump and Parler. Now they are coming for someone else. The question is: Who's next and where does it end?

https://encyclopedia.ushmm.org/content/en/article/martin-nie...

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