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WallStreetBets members adopt 3,500 gorillas in six days

bbc.co.uk

221–230 of 321 posts

Re: WallStreetBets members adopt 3,500 gorillas in six days

#221

Earlier quoted context omitted.

Bitcoin alone currently pollutes about the same as half the global airline industry. If cryptos really are the future, I weep for the planet.

Luckily mining with renewables is much less difficult technically than flying with renewables.

How is that lucky?

Re: WallStreetBets members adopt 3,500 gorillas in six days

#222
post #144

Earlier quoted context omitted.

Humans - that is problem number one. Like agent smith said in the Matrix. "Human beings are a disease, a cancer on this planet.." - Advocating for this cure will solve all the problems..

You realize he was an antagonist, right? He's not someone to model.

I think the fan theory that Smith is The One is more compelling than casual narrative.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#223

Generic question: I see a lot of news articles stating that WSB has "10 million members". Does being a 'member' go beyond clicking the 'join' button on that subreddit? If so it's more like a 'follow this channel', isn't it?

Correct. Although that sounds more like the entire number of reddit users, not just WallStreetBets.

just WallStreetBets

Re: WallStreetBets members adopt 3,500 gorillas in six days

#224
post #114
post #55

Earlier quoted context omitted.

Energy usage is a recognised issue and while it offers challenges they are understood and developers are keen to address this. If you want to start deconstruction of the industrial military complex that would be just fine and might really start to change things, until then I argue there are more worthy targets for your ire than the energy use of an emerging technology.

This is like saying that pollution is a recognized issue with fossil fuels and while it offers challenges they are understood and engineers are keen to address this. There aren't always easy solutions and you can't hand wave aside a massive problem because 'our best people are on it'

If fossil fuels producers had had the same level of awareness of environmental issues when that industry began we might not have the issues we have now, I think it's a poor comparison, my comment was acknowledging the issue and positing that an iteration of the technology could mitigate the problem.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#225

Earlier quoted context omitted.

Well, if the evil side can exploit this phenomenon to great success (e.g. drone strikes allowing to kill people halfway across the world, and making it feel like playing a video game from 1990s), why can't the good side? We can despair about the nature of man all we want, but if in the meantime, we can get rich people here to spend a lot of money on helping people far away, that's still a huge net benefit for the wor…

Is it really evil to use drones to kill evil people?

What's the difference between a Pakistanian wedding and a terror cell?

Don't ask me I just fly the drone

Re: WallStreetBets members adopt 3,500 gorillas in six days

#226

Earlier quoted context omitted.

Humans - that is problem number one. Like agent smith said in the Matrix. "Human beings are a disease, a cancer on this planet.." - Advocating for this cure will solve all the problems..

The whole reason we care about the environment is so we can keep living in it. What should we do instead, leave the turtles to inherit the earth and yeet ourselves into the sun?

Exactly that. We destroy our tourist destinations, beaches, food sources, areas where to live, landscapes for desktop backgrounds, the air and the water. Lost in useless economic abstractions.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#227
post #173

Why doesn't hackernews adopt something or do something like this? Software developers are rolling in money, and it's not that expensive. Guess we're too busy eating the world.

We're too busy spying on the world and selling the data to advertisers. That's essentially what the highest paid developers do, right?

Re: WallStreetBets members adopt 3,500 gorillas in six days

#228
post #28

Earlier quoted context omitted.

"adoption" is the terminology used by the foundation, and symbolic adoption is a known quantity in this type of operation so I don't have a problem with it. However referring to wallstreet bets users as "investors" does seem like a bit of a misnomer...

My only issue is that "Reddit investors" means people that invest on Reddit, while the article is about people that speculate with stocks (kinda ok to call them investors) and use Reddit. Still, I don't know how to improve the headline.

Yeah I think the term "Reddit investors" is fine - along the lines of "main-street investors" or "wall-street investors".

I think it probably is more ambiguous to people on this board than the general population since people here are particularly VC-minded.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#229
post #190
post #28

Earlier quoted context omitted.

"adoption" is the terminology used by the foundation, and symbolic adoption is a known quantity in this type of operation so I don't have a problem with it. However referring to wallstreet bets users as "investors" does seem like a bit of a misnomer...

I kind of agree with parent. While I don’t have a problem with symbolic use of adoption, I do have a problem with “multiple adoption”. When I think of a donor “adopting” a case, I have a model of “this donation sufficed for lifetime care of that case”. If one donation isn’t sufficient, then maybe a group of donations would collectively be the adoption. You shouldn’t have a scenario where there are more adoptions than…

I guess in my mind, the point of the adoption is that the "adopter" has a point of personal connection with the funding they are providing, and they can hang a picture on the wall to remind themselves why they are supporting this cause.

Given that almost none of these "adopters" will ever see the gorilla in question in real life, it seems unreasonably jealous to insist that this organization should forgo funding so that they and they alone can have a financial relationship with this particular gorilla.

Re: WallStreetBets members adopt 3,500 gorillas in six days

#230

Earlier quoted context omitted.

What about the costs of military and lives and environment of the efforts spent in maintaining the USD hegemony?

If you think the USA would stop asserting its hegemony if the world used Bitcoin instead of USD, I don't know what to tell you.

Basically they think that deflationary assets irreparably cripple the debt market, and therefore the government bonds market, and therefore wars will be harder to fund and less arbitrary.

There is some accuracy to that. Would raise the stakes and the resources involved in funding a war. The last 70-80 years of US hegemony have been based off of the market tolerance for US debt and slowly being paid their money back, in US dollartoken. And before then, US hegemony was not a thing.

So there is nothing to say that the market won't find a way to have fractional speculation on bitcoin/crypto asset backed securities, and there is nothing to say that a governing body won't find a way to sustain itself and gain compliance with its peers through it. But there is also not a history of US hegemony supporting it either. Not a panacea because the world was much more of a tinderbox before US debt based hegemony.

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