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u/DeepFuckingValue and the GameStop Reddit mania

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Re: u/DeepFuckingValue and the GameStop Reddit mania

#451

Post by runarberg »

pb7 wrote: post #430
runarberg wrote: post #417

Earlier quoted context omitted.

Do you honestly believe that these are equivalent? Or are you just arguing in bad faith? I’m gonna assume the former and explain the difference. The interest you are paying when you take out a loan is a) compensating the creditor for money lost because of inflation, and b) paying for a service. The bank/credit union at the same time will at the same time a) compensate for inflation and b) reward savings accounts for…

It’s odd to me that you see the mutually beneficial transaction there but not in the stock market. I will state this once as simply as I can: stock market investors are rewarded for funding companies by taking on that risk in hopes that the companies they invest in produce a profit. It is overwhelmingly similar to the process you are describing with your credit union, but in a much more distributed way. > Workers don…

Shareholders and investors aren’t the only means of collecting revenue for a business. Alternatives include:

* Setting aside parts of the profit for future investment

* Getting a loan from a bank or your local credit union

* Community or owner funding

Do you honestly think that if it wasn’t for investors businesses would just stop existing? In a world without venture capitalists businesses would need to stand on their own merits, if it is not profitable it will go bankrupt. If it is a popular idea though, a competitor will find a better way of making it profitable, and share that profits with the owners and the workers (and not a shareholder because we don’t need them).

Arguably the existence of venture capitalist markets makes stupid unprofitable businesses out-compete better run businesses, simply by merit of being able to persuade investors.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#452

Post by northern-lights »

Rapzid wrote: post #307
015a wrote: post #158

Earlier quoted context omitted.

Right. My biggest concern with these plays, at this point, is that they're not taking into account the possibility of bankruptcy. There's a ton of "they have to buy it, if we hold all the shares then it'll go to the moon, 1k, 2k, 4k". (1) The sheer variety of financial vehicles available to professional investors is staggering, and while the initial DD was really good, we probably missed something at this point, and…

> if all else fails, and a fund can't buy back the 50,000 shares it owes some brokerage, that fund doesn't have to buy them back. They can just declare bankruptcy. If that's true wouldn't it incentivize the brokerages to help the funds weather the storm? Everyone can just wait it out till the stock crashes back and instead of sticking it to the man WSB just emptied their pockets into the mans accounts..

They may not do that because they are more risk averse than WSB. WSB can distribute losses over individuals and can tolerate, hedge funds probably can't. And it goes without saying - WSB can remain retarded longer.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#453

Post by Too »

nostrademons wrote: post #161
eMGm4D0zgUAVXc7 wrote: post #24

Earlier quoted context omitted.

Why do people constantly have to re-invent the wheel? :( Freenet [0] has been providing censorship-resistant, anonymous, decentralized hosting for 20 years - and is still in active development! You could upload it to Freenet without any server whatsoever and it would stay online for as long as it is popular, even if your machine goes offline. And you'd be anonymous while doing so! [0] https://en.wikipedia.org/wiki/Fr…

I remember when this came out 20 years ago. It was part of the whole wave of P2P filesharing programs that came out between 1999-2002: Napster, Gnutella, Kazaa, Audiogalaxy, etc. Amazing it's still going on. BTW, for folks new in tech - it's amazing how influential that wave of programs were, even though they largely failed in the marketplace. Napster founder Sean Parker later became the first investor and first pres…

More to add: Ludde, creator of µTorrent, is lead eng on Spotify.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#454

Post by stretchcat »

Rapzid wrote: post #315
shyn3 wrote: post #115

Earlier quoted context omitted.

Wsb can remain irrational longer than the market can remain solvent. That was a comment by a poster which I find funny.

Until Monday when the bills are due and their wives(let's be honest, this crazy train is the T train) discover their bank accounts are empty.

Twitter commentators have assured me these men are all incels, so that won't be a problem.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#455

Post by dang »

stretchcat wrote: post #454
Rapzid wrote: post #315

Earlier quoted context omitted.

Until Monday when the bills are due and their wives(let's be honest, this crazy train is the T train) discover their bank accounts are empty.

Twitter commentators have assured me these men are all incels, so that won't be a problem.

Could you please stop posting flamebait to HN? We've asked you before. Also, comments like the last bit of https://news.ycombinator.com/item?id=25873304 are bannable offences on HN for obvious reasons. Please don't do anything like that again.

If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and sticking to the rules when posting here, we'd be grateful. You've also posted good comments, so that should be doable.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#456

Post by LMYahooTFY »

eMGm4D0zgUAVXc7 wrote: post #358
LMYahooTFY wrote: post #328

Earlier quoted context omitted.

>However as they're both communication networks they do not provide censorship-resistance. The endpoints you're connecting to are central servers and can be taken down. Can you elaborate on this? This reads as essentially false to my understanding. If by endpoints you mean 'relays', those are not 'central servers'. If you mean directory authorities, then yes, those are centralized. With that said, I'm still not sure…

> Can you elaborate on this? This reads as essentially false to my understanding. No, it's not false AFAIK :) By 'endpoint' I mean what an address on those networks actually *addresses*. Both a Tor-address (a .onion hostname, or a regular web address if you use Tor to access one), and an I2P-address, are essentially similar to an IP-address in terms of being the address of a *machine*. They are anonymized, but the da…

The properties of Freenet you describe are extremely intriguing.

However, I'm asking about your description of Tor and I2P

>However as they're both communication networks they do not provide censorship-resistance. The endpoints you're connecting to are central servers and can be taken down.

This is technically incoherent, and I'm not sure what you mean by it.

As far as I'm aware, at no point does your TCP traffic from your tor client connect to a 'central server'. I'm not familiar enough with I2P to comment.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#457

Post by stretchcat »

dang wrote: post #455
stretchcat wrote: post #454

Earlier quoted context omitted.

Twitter commentators have assured me these men are all incels, so that won't be a problem.

Could you please stop posting flamebait to HN? We've asked you before. Also, comments like the last bit of https://news.ycombinator.com/item?id=25873304 are bannable offences on HN for obvious reasons. Please don't do anything like that again. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and sticking to the rules when posting here, we'd be grateful. You've also posted good comments,…

Blow it out your ass, dang.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#458

Post by canofbars »

eMGm4D0zgUAVXc7 wrote: post #266
canofbars wrote: post #258

Earlier quoted context omitted.

IPFS has the benefit that anyone can pin the content and then even the original author can not take it down.

The same applies to Freenet: - Anyone can use the "KeepAlive" [0] plugin to pin content. - Nobody can take down any content, not even the original author [1]. Censorship-resistance is a central design goal of Freenet. [0] https://github.com/freenet/plugin-KeepAlive [1] https://freenetproject.org/pages/help.html

Seems interesting. Wanted to give it a shot but it looks like they had no official docker containers and it wasn't packaged in the fedora repos. I noticed the I2P project does have a docker image and seems to do a similar thing. Do you know what the differences between the projects are?

Re: u/DeepFuckingValue and the GameStop Reddit mania

#459

Post by troupe »

__MatrixMan__ wrote: post #432
fakedang wrote: post #425

Earlier quoted context omitted.

If they did that, I doubt their would be retirements. Assuming all eco-tech companies on WS are trustworthy enough (not Enron-esque), and investing in eco-tech will "create a world worth retiring in", most people would have seen a significant part of their retirement go to zero. Or if they decided to invest in a publicly traded life-sciences company in hopes of finding more breakthroughs, they would see their investm…

What "a world worth retiring in" means in each retiree's case is gonna vary based on their situation. Wanna die on Mars? Maybe put it all in Space X, I don't know. All I'm saying is that it's a shame that we're taught that the point of investing is to make money, rather than make a difference with a side effect of having more money. Because left to its own devices, money tends to motivate some pretty awful things. I…

> I hate letting my money sit in an account while smart kids can't afford college

If you know of a smart kid that can't afford to go to college, you could make them a reasonable interest loan and it would be a win for both of you.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#460

Post by pb7 »

recursive wrote: post #449
pb7 wrote: post #430

Earlier quoted context omitted.

It’s odd to me that you see the mutually beneficial transaction there but not in the stock market. I will state this once as simply as I can: stock market investors are rewarded for funding companies by taking on that risk in hopes that the companies they invest in produce a profit. It is overwhelmingly similar to the process you are describing with your credit union, but in a much more distributed way. > Workers don…

If I buy a stock of a company, how is that funding the company? Only the previous holder of the stock gets the money.

At some point, the previous holder of the stock was the company itself. That’s called an IPO. Additionally, companies frequently issue new shares to raise money. Tesla has done this multiple times in the past few years.
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