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

#471

Post by xxpor » Thu, Jan 28, 2021, 5:32 AM UTC

spicyramen wrote: post #465

mrtksn wrote: post #133

Earlier quoted context omitted.

See, the problem is that people are doing all this because they believe that it doesn’t matter. These are not idealists or indoctrinated revolutionaries. No one is going to do anything if it’s not going to bring lulz or cash quickly because nothing matters anyway. All the anti establishment movement is nihilistic in its core. These are not Eastern European kids who dream to finish school and go to Western Europe and…

Mmm is this a comment from the 60s, Chinese people don't dream to come to America, we go back to our homeland to make money sorry to burst buble

H-1B stats disagree.

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

#472

Post by ndnskzkzn » Thu, Jan 28, 2021, 5:33 AM UTC

ThomPete wrote: post #316

fennecfoxen wrote: post #243

Earlier quoted context omitted.

The timing was more or less "hey this pump and dump scam on our platform is getting a bunch of negative attention." People seem to think they were paid off by some big players. Ha! In their dreams.

There is no pump and dump scheme that haven't been allowed by the hedge funds for decades.

Why does everybody assume there is not some hedge fund behind this short squeeze?

Do hedge funds not know how to do social media marketing?

Why go on CNBC to announce your position when you can pay some kids and influencers to shitpost on wsb to rile up an online mob and leave no fingerprints?

It is crazy to me how ppl continually fall for this stuff? How does any mass online movement not trigger skepticism? I mean look at the history of this stuff from Kony 2012 to the Arab spring to Russian troll farms.

I do however think that this is a significant new front in the battles between Wall Street behemoths. Market manipulation by stirring up online mobs of mooks. If this one is organic, the next won’t be.

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

#473

Post by swayson » Thu, Jan 28, 2021, 5:33 AM UTC

The censorship behaviour highlights that BTC appears to be the only remaining asset class without centralised institutional control.

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

#474

Post by technick » Thu, Jan 28, 2021, 5:34 AM UTC

Discord would claim its “hateful and discriminatory content” for anything in the fucked up reality we are currently living in. For instance, if you call someone retarded and a mod doesn't step in, that is considered hateful. Even though retard is in the dictionary and a widely accepted term by many people. Then saying that only retards buy the shit hedgefunds are peddling would also be considered discriminatory. I'm tired of this fucking bullshit and ready to go thru as many proxy accounts as needed to get my point across. Discord needs to go out of business or grow some balls. Everything in this world could be construed into being hateful or discriminatory if you stretch enough.

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

#475

Post by 6nf » Thu, Jan 28, 2021, 5:36 AM UTC

technick wrote: post #474

Discord would claim its “hateful and discriminatory content” for anything in the fucked up reality we are currently living in. For instance, if you call someone retarded and a mod doesn't step in, that is considered hateful. Even though retard is in the dictionary and a widely accepted term by many people. Then saying that only retards buy the shit hedgefunds are peddling would also be considered discriminatory. I'm…

I don't agree with the way you get your point across but I support your right to get your point across this way.

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

#476

Post by petre » Thu, Jan 28, 2021, 5:37 AM UTC

cbozeman wrote: post #263

mrtksn wrote: post #133

Earlier quoted context omitted.

See, the problem is that people are doing all this because they believe that it doesn’t matter. These are not idealists or indoctrinated revolutionaries. No one is going to do anything if it’s not going to bring lulz or cash quickly because nothing matters anyway. All the anti establishment movement is nihilistic in its core. These are not Eastern European kids who dream to finish school and go to Western Europe and…

The worst, or maybe the best, part of your post is that you don't realize the American youth from the 60s literally created this generation with their greed and entitlement.

> this generation with their greed and entitlement

Don't blame them. They've just adapted to cut throat capitalism. The society they live in has molded them into what they are.

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

#477

Post by TeeMassive » Thu, Jan 28, 2021, 5:41 AM UTC

* Something the corporate-establishment doesn't like pops up and becomes more popular than their legacy crap

* Suddenly a controversy pops up, along the lines of: Fascism, White supremacy, think of the children(tm), x-phobic, surge of hateful posts appear for no reasons

* A few days later, right on time, a corporate-establishment media posts a smear article, taking the most offending quotes and content out of context and framing things to point the article is only technically true only.

* Payment and services providers bans appear a few days later. Credit cards, crowdfunding and hosting providers all ban the offender in quick succession.

This is why all those corporations pushing social justice and cancel culture was a scam from the first day and why Free Speech is so important, because you won't be the one in power deciding.

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

#478

Post by nextlevelwizard » Thu, Jan 28, 2021, 5:42 AM UTC

technick wrote: post #474

Discord would claim its “hateful and discriminatory content” for anything in the fucked up reality we are currently living in. For instance, if you call someone retarded and a mod doesn't step in, that is considered hateful. Even though retard is in the dictionary and a widely accepted term by many people. Then saying that only retards buy the shit hedgefunds are peddling would also be considered discriminatory. I'm…

Problem is there are no competitors worth mentioning.

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

#479

Post by josteink » Thu, Jan 28, 2021, 5:43 AM UTC

If discord can ban it, then it’s not really a “server” is it?

It’s an account on discord’s SaaS platform.

If you want a server you actually control, go matrix.

Nobody can ban you then.

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

#480

Post by melling » Thu, Jan 28, 2021, 5:44 AM UTC

Anon1096 wrote: post #470

SpicyLemonZest wrote: post #273

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…

I agree with this post. Although the narrative being spun on WallStreetBets and co wants you to believe in a short squeeze, it doesn't seem like any shorts were actually squeezed. This morning, Melvin Capital and Citron successfully exited their positions in Gamestop. Had there been a true squeeze, the whole point would have been to prevent an easy exit and force them to cause the price to balloon out of control. By…

Melvin lost 30% this year...this month

https://www.wsj.com/articles/gamestop-mania-reveals-power-sh...