Discord bans r/WallStreetBets server, subreddit went private for a while • Hacker News Board

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

#431

Post by jaycroft » Thu, Jan 28, 2021, 4:17 AM UTC

Seanambers wrote: post #147

f430 wrote: post #35

Earlier quoted context omitted.

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…

I would assume ; Deny your enemy everything you can. - ie communication. And yes I am insinuating that this is wall street money pulling strings.

Denying communication completely could be a disaster in this case. In the absence of their precious DD, what number do you think the WSB'rs are going to choose to set their limits at? 420.69 seems a little too low right now. My bet would be 42,069 at least.

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

#432

Post by sjg007 » Thu, Jan 28, 2021, 4:18 AM UTC

tylerjwilk00 wrote: post #420

ve55 wrote: post #14

And they chose today as the best possible time to enact this ban? Really? I really think they should have put more thought into the timing of this decision; a lot of users are going to be upset and will suddenly start to realize that a single company has a monopoly on their online social life (this may seem like an exaggeration, but it feels quite true to me colloquially, especially if you're a younger US male and/or…

Don't kid yourself. It was intentional. We should all be getting really worried about these platforms. You feel that cold breeze? The future is coming and it's chilly.

There's a solution here. In the past it was fidonet, today it might be the fediverse.

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

#433

Post by ashtonkem » Thu, Jan 28, 2021, 4:18 AM UTC

bingerman wrote: post #360

ashtonkem wrote: post #186

Earlier quoted context omitted.

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.

I thought occupy wall street was backed more by those who identify as democrats or at least leaning that way. And I see this short squeeze just as a more concrete way to f*ck with the big money. Granted, big money rules them all.

If you think the Occupy Wall Street crowd is the one currently in control of democratic politics, then you have not been paying attention to democratic politics.

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

#434

Post by singlow » Thu, Jan 28, 2021, 4:27 AM UTC

ashtonkem wrote: post #433

bingerman wrote: post #360

Earlier quoted context omitted.

I thought occupy wall street was backed more by those who identify as democrats or at least leaning that way. And I see this short squeeze just as a more concrete way to f*ck with the big money. Granted, big money rules them all.

If you think the Occupy Wall Street crowd is the one currently in control of democratic politics, then you have not been paying attention to democratic politics.

He said that OWS was primarily Democrats, not that they controlled the party.

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

#435

Post by hackerbob » Thu, Jan 28, 2021, 4:34 AM UTC

SamBam wrote: post #427

SpicyLemonZest wrote: post #197

Earlier quoted context omitted.

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.

I think it proves it in the sense that hedge fund do this kind of stuff all the time and no one ever hears about it, because those kinds of money-making strategies are what we expect of them.

Exactly! The bet has been people aren't capable of coordinating in large numbers to take advantage of this so it's not really broken. Now that they are it's officially broken and will be reviewed.

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

#436

Post by free_rms » Thu, Jan 28, 2021, 4:34 AM UTC

SamBam wrote: post #426

Rapzid wrote: post #415

Earlier quoted context omitted.

The counter culture was a minority. Recognizing that is crucial to understanding the current climate. It just so happens the creative output from those aligned with that culture has dominated more recent generations(Sesame street, Free Willy, Fern Gully, all that). In a sense "they won". But those not on-board are still around, and there is a lot of resentment. I'm only 36 and while I was raised on this stuff but eve…

> Sesame street, Free Willy, Fern Gully Off-topic, I know, but I'm trying to understand how you picked these three things as the epitome of culture produced by the counter-culture.

Not OP but it's the grown up subset rather than the Abbie Hoffman set. Hilarious pranks are hilarious but sesame street is more widely and subtly influential.

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

#437

Post by fastball » Thu, Jan 28, 2021, 4:37 AM UTC

SirensOfTitan wrote: post #259

Remember: Parler tried “making their own X”. They were taken offline by a concerted effort at every level, despite the fact that a large portion of the capitol protests were organized on Facebook and YouTube. Anyone who’s ever been an activist for long enough knows that the censorship that silenced your enemies will eventually silence you. Corporate policing of speech needs to stop.

Luckily someone else has already "made your own Discord" for us, and it's called Matrix.

It's E2EE and self-hosted, so unless you got snitches in your community that tattle to your hosting provider and then they go above-and-beyond and take action, you should be golden.

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

#438

Post by Bakary » Thu, Jan 28, 2021, 4:40 AM UTC

motohagiography wrote: post #372

fennecfoxen wrote: post #224

Earlier quoted context omitted.

Comments like these really drive home how much a deranged cult phenomenon this whole thing is, more so than any headlines.

I'm going to respond because the conceit bears it. The people participating in perhaps this first known popular short squeeze have skin in the game. They don't care if they lose their bets. As they say, we've seen who you cheer for, your disapproval means nothing.

As someone with no skin in the game, I find the whole situation both amusing and satisfying. I'm genuinely happy for all the WSB users who can now retire.

At the same time, it's still just people getting lucky/unlucky in the stock market. One Wall Street group got burned, but others made bank. At no point did the system change or become threatened in any way. Given all that, I don't understand why it is portrayed as some sort of heroic fight between good and evil.

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

#439

Post by tal8d » Thu, Jan 28, 2021, 4:41 AM UTC

ashtonkem wrote: post #433

bingerman wrote: post #360

Earlier quoted context omitted.

I thought occupy wall street was backed more by those who identify as democrats or at least leaning that way. And I see this short squeeze just as a more concrete way to f*ck with the big money. Granted, big money rules them all.

If you think the Occupy Wall Street crowd is the one currently in control of democratic politics, then you have not been paying attention to democratic politics.

Yeah, that girl that identified herself as "Ketchup" was definitely a member of the Young Republicans, maybe even a John Birch Society card carrier.

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

#440

Post by Semaphor » Thu, Jan 28, 2021, 4:43 AM UTC

ehsankia wrote: post #381

btmiller wrote: post #353

Earlier quoted context omitted.

Parler was explicitly unmoderated by choice and hate speech was its selling point. You’ll have a hard time finding a) a service provider willing to tolerate that and b) much public sympathy for the service promoting hate. Yet it called into question freedom of speech. Same thing today with WSB, but the focus is clearly not hate speech (even if Discord says so). I find today’s bans way more objectionable than Parler,…

And if you intentionally want to have content that is objectionable, putting it on AWS seems like an awful idea. That's how Sci-Hub and TPB have managed to stick around for decades, and they've shown censorship on the internet isn't really a thing. God knows how many powerful forces have tried to censor them, to no avail. While I agree that in some ways this is worse than the Parler case, it also is a free service th…

There were over 1000 sever boosts mentioned. It depends on the timeframe and how they got the boosts, but a single boost seems to cost at least $4 and can be up to $6.