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.
Discord bans r/WallStreetBets server, subreddit went private for a while
361–370 of 1001 posts
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#362Earlier quoted context omitted.
The thought crossed my mind too, but if so then why?
well the r/wsb subreddit has gone private too. We are experiencing technical difficulties based on unprecedented scale as a result of the newfound interest in WSB. We are unable to ensure Reddit's content policy and the WSB rules are enforceable without a technology platform that can support automation of this enforcement. WSB will be back. This seems like a DDOS attack on r/wsb well knowing that the moderators canno…
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#363Earlier quoted context omitted.
Social media is about to take the same trajectory that MP3s once did. Just as we saw the evolution of Napster and IRC trading, the RIAA takedowns, the rise of BitTorrent, and the eventual emergence of streaming services, I believe we will see a similar trajectory with social media and free speech: 1. Technology enables new social phenomena that subvert the status quo. 2. Corporations move to combat these phenomena 3.…
Its the last part of #4 that we have to prevent. > but avoiding a complete loss of control We need the complete loss of control. Corporations control entirely too much of American, and really, worldwide, life as it is. We can't give this one to them. Its too important. The ability to freely communicate ideas, even in vulgar, poorly considered ways, is too important and too fundamental to humanity to be allowed to be…
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#364For all the uneasy feelings I get about the triggerhappy banning by these platforms, there's probably a light at end of the tunnel. Boot enough people and the better alternatives might actually flourish with network effects.
Wait you actually think that when people are banned they simply just "go away"? Vanish in to thin air? Problem solved?
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#365Earlier quoted context omitted.
Apparently a lot of people don't want there to be a place where 4chan-like-behavior can be found on the Internet.
I'm sure there's plenty of technically minded Wall Street bets people who are capable of setting up synapse, for a self-hosted, non federated matrix/element based chat solution.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#366>Discord says it did not ban the server for financial fraud — rather, it was banned because it continued to allow “hateful and discriminatory content after repeated warnings.” Funny how that works. If they're not careful, people might start to think 'Hate Speech' could be misused to pursue an agenda. 'It's not that I disagree with what they are doing, they should have just called each other assholes instead of the X…
Then they came for the British socialists, and I did not speak out— Because I was not a British socialist.
Then they came for some Redditors, and I did not speak out— Because I was not like those Redditors.
(Obviously will be continued - this has progressed faster than expected, but it's not surprising at all. See earlier comment here: https://news.ycombinator.com/item?id=25880239)
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#367I think it is complete crap that companies using legal platform protections can ban people by arbitrarily declaring speech they don't like as hate speech. There should be legal requirements that any companies which enjoy platform protections must prove in a court of law that speech can accurately be classified as hateful before banning anyone.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#368Earlier quoted context omitted.
You might have some points to make but you lost me at "All the anti establishment movement is nihilistic in its core." Sweeping generalities like this are anathema to discourse.
Or they're a starting point. You could respond with agreement or disagreement and an argument.
Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#369Re: Discord bans r/WallStreetBets server, subreddit went private for a while
#370For those of us not in the know, what is so special about today regarding WSB? I know there's a feud with short sellers going on, but I haven't been following the details.
Someone went from 50k to 50M by igniting a short squeeze. All eyes were on the WSB subreddit, and discord server. Now both are private or offline. No one has any chance to coordinate now. Discord’s action is effectively market manipulation in a literal sense, because this is certainly going to affect the market. I’m curious why the sub went private though. EDIT: I regret my phrasing. I didn’t mean this was illegal ma…