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Facebook shuts popular stock trading group amid GameStop frenzy

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Re: Facebook shuts popular stock trading group amid GameStop frenzy

#51

Are there any good decentralized message boards? Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.

Some people might remember Hotline https://en.wikipedia.org/wiki/Hotline_Communications

Independent forums might be due for a comeback as well, with modern technological amenities

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#52

Earlier quoted context omitted.

"It's a private company, they can do what they want!"

Just build your own website bro Just build your own host bro Just build your own financial banking system bro just build your own social media platform bro just build your own payment processing platform bro just build your own internet infrastructure bro

Today I saw:

Common Folk: We want a chance at financial stability."

Rich Folk: "Invest your money."

Common Folk: "OK, GME it is."

Rich Folk: "Wait. Not like that. Stop. This clearly must be outlawed."

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#53

Earlier quoted context omitted.

It turns out that handing the public square to centralized control ends badly. Who knew! You reap what you sow.

You know, you can be against Facebook providing a platform to extremist/neo-nazis groups, and also think Facebook has overall too much power and presence. It's not "you reap what you sow" and you're not handing GP some funny "gotcha". It's just plain obvious decency. Some people don't get that, and then they're surprised that most normal humans think it's suspicious, as if they don't get it on purpose . Then they get…

If you put too much comparative value on keeping the boot on Bad People's necks, you'll help close off methods to shift influence away from e.g. Facebook.

If a lot of people move to e.g. the fediverse facebook equivalent, that shifts power away from facebook and makes it harder to deplatform people. So your two listed goals are in competition. That's why I'm saying you reap what you sow: you wanted a world where people can be deplatformed, and you got it.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#54

Are there any good decentralized message boards? Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.

Usenet is still around :)

I also tried aether once, and it seemed sort of interesting.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#55
post #27

Earlier quoted context omitted.

You literally can't because of government regulations, although spinning up your own self-hosted community hasn't been regulated yet and is fairly easy.

Just build your own country on an island to run your stock market.

Are there still islands that have not been claimed by a country?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#56
post #14

Earlier quoted context omitted.

If you don’t like it, build your own stock market.

That's like say...found your own country no one will try to stop your or won't let you into the UN

> found your own country no one will try to stop your

E.g. Asgardia can be considered a surprisingly successful proto-nation. AFAIK UN actually contacted them and asked to launch a satellite into space (which they can) but that ended up a diplomatic failure.

> or won't let you into the UN

Getting into the UN hardly really means much. There are many nations in the UN nobody cares about. There also are nations not in the UN yet very relevant (e.g. Taiwan which was among the UN founders).

[1] https://en.wikipedia.org/wiki/Asgardia

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#57
post #2

> The notification, seen by Reuters, said without detail that the group violated policies on “adult sexual exploitation.” That's some bullshit right there. Spin the wheel, come up with a random charge, and ban the entire community with zero recourse and no way to appeal.

In Soviet Russia, if you were caught with religious literature, they would charge you with possession of pornography.

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#59

Are there any good decentralized message boards? Biggest question seems to be how does the community deal with spam (and spam taking a large amount of space). But other than that I could see a lot of people willing to host nodes for free.

you mean forums since the Web 1.0?

Re: Facebook shuts popular stock trading group amid GameStop frenzy

#60
The issue with Facebook you see is that they (along with most huge tech corps) have become this weird amalgamation between fascist and communist. They're a private company that controls WAY too many assets, with way too much unregulated/unchecked power. They want equality for all, but yet they're willing to suppress every man's voice in order for their own mission, whatever that is. Their agenda ranges from personal freedom and free speech suppression to political campaigning; and far beyond the reach of both of those. When a company gets too big and consolidates too much power for themselves their own absolute power corrupts absolutely.

Facebook here has the power to regulate their own version(s) of the markets due to personal fear that their stock will be affected by the every man's voice and opinion. They fear being oppressed by the people, so they oppress the people's ability to have any control over them. For a publicly traded company this is insane, and it shows how fake everything really is behind the scenes. Only a few out there are truly allowed to trade on good information and swing markets their way.

Break up big tech.

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