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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

#781

Earlier quoted context omitted.

Some posts below said that banning for hate speech was really a charade. But if that's true, what's wrong with retail investors pooling their resources to squeeze short? How is it different from a hedge fund pooling resources to flex their muscle of financial engineering?

There wouldn't be anything wrong with that. There'd be a lot right with it, honestly - I would be trumpeting it as a clear victory of the little guy over snobby funds who don't think anyone else can understand finance. But what's happening right now is almost certainly a pump and dump with a short squeeze as a facade. I've seen a lot of commenters who seem to be grievously misled about the actual mechanics of a short…

Haven't you read their punch line? Buy high, sell never. They don't care.

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

#782

Earlier quoted context omitted.

I don't know where you even come up with these outdated ideas. Very few people care about what you are talking about. The subset of people who care are: tech savvy, young, mostly male, and vaguely misanthropic. This demographic is already served in numerous places, and everyone else is rather glad to see these people chased off of platforms they use for sharing videos of dancing and food.

25 years ago there were know-it-alls expressing sentiments like yours. “The internet is a fad” It is just nerdy men in their basements.

That's not what they said at all.

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

#783

This is really exciting, feels like open standards, independent internet is going to continue getting extreme motivation to expand and establish, with private "freedom of speech" censorship by for-profit platforms. We're going to see more fragmentation, and growth of closed platforms perceived by users as "slightly less evil" such as telegram vs watsapp. This may also motivate the return to truly open internet ideals…

People need to stop being so lazy and throwing around the word censorship. If a bunch or teenagers come into my coffee shop and start loudly calling each autists and retards I'm going to kick them out. I'm not censoring them by kicking them out.

And that's good, but you are a coffee shop and not a platform.

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

#784

Earlier quoted context omitted.

There wouldn't be anything wrong with that. There'd be a lot right with it, honestly - I would be trumpeting it as a clear victory of the little guy over snobby funds who don't think anyone else can understand finance. But what's happening right now is almost certainly a pump and dump with a short squeeze as a facade. I've seen a lot of commenters who seem to be grievously misled about the actual mechanics of a short…

Discord is the new SEC now?

No, it would be just another wallstreet company covering for Melvin Capital.

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

#785
post #725

Earlier quoted context omitted.

Thousands of such online communities, and you only throw out the ones that threaten your hedge fund?

By your standard every newspaper, every TV channel, every website that refuses to publish my views is censoring me. It's an absurd standard to call censorship. Discord has made no attempt to stop anyone saying anything, they're just chosen not to lend these people their megaphone.

This is one of the more stupid soundbites the pro-censorship crowd has come up with. A good red flag, though.

Discord reacted to how the platform they had already given was being used. That's different, practically and morally, from NBC not giving them a TV show.

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

#786

This is really exciting, feels like open standards, independent internet is going to continue getting extreme motivation to expand and establish, with private "freedom of speech" censorship by for-profit platforms. We're going to see more fragmentation, and growth of closed platforms perceived by users as "slightly less evil" such as telegram vs watsapp. This may also motivate the return to truly open internet ideals…

Independent internet, exactly what is that? Governments will simply crack down on any site which does not do what the politicians demand and better yet they have a ready made army of SJWs who will name and shame anyone they can identify; or if your reddit totally botch it and name the wrong people.

sadly far too many people are in the camp of protecting freedoms and rights they personally deem acceptable and anything falling outside of their honest narrow view they will follow the crowd and jump on it with glee.

the same levels of censorship and oppression people bemoan existing in some other countries is nearly here in the West and sadly all I hear is cheering.

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

#787
post #747
post #741

Earlier quoted context omitted.

Where does discord say it's for free discussion? In two clicks I found their community guidelines on their website: https://discord.com/guidelines Second rule: "Do not organize, promote, or coordinate servers around hate speech. It’s unacceptable to attack a person or a community based on attributes such as their race, ethnicity, national origin, sex, gender, sexual orientation, religious affiliation, or disabilities…

It's messed up when there are auto-banning bots that hit those with disabilities for speaking out on the issues they face in everyday life.

Have you read the content on WSB? Here's a link that I found on the top of the top thread of the subreddit [0]. Let's be completely clear here, this isn't someone speaking out about issues they face in everyday life.

> ive been folowing this saga since GME was 60 or so but sadly i was too afraid to become autistic, and have now gone full retard

And this isn't an isolated comment, there are hundreds of comments like it in the 90k+ commetns on that thread, and in that subreddit. [0] https://www.reddit.com/r/wallstreetbets/comments/l6er79/the_...

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

#788

Earlier quoted context omitted.

It would only be a fair parable if your coffee shop was the only coffeshop in the entire city or that it exists like 1-3 others but you all talk with eachother on the phone and collectively agree to deny those people service.

They are free to run their own Matrix, Mattermost, Rocketchat, IRC, whatever node...

Mumble? Teamspeak? It's like everyone forgot the old battle-tested Warhorses.

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

#789

This is really exciting, feels like open standards, independent internet is going to continue getting extreme motivation to expand and establish, with private "freedom of speech" censorship by for-profit platforms. We're going to see more fragmentation, and growth of closed platforms perceived by users as "slightly less evil" such as telegram vs watsapp. This may also motivate the return to truly open internet ideals…

People need to stop being so lazy and throwing around the word censorship. If a bunch or teenagers come into my coffee shop and start loudly calling each autists and retards I'm going to kick them out. I'm not censoring them by kicking them out.

This is not what happened here. Isnt reddit a public forum?

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

#790
post #777

It does feel like a watershed moment regarding hedge funds. This is the first time netizens capitalize on hedge fund short favorites and it has been surprisingly easy to cause an absolute catastrophy in the order of billion losses for them. I heard Melvin Capital may even have gone bankrupt? And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that eas…

I'd argue that the last year or so of Tesla was the first major incarnation of this gamma squeeze + memes to burn short sellers but yeah GME is a while other level.
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