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u/DeepFuckingValue and the GameStop Reddit mania

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541–550 of 554 posts

Re: u/DeepFuckingValue and the GameStop Reddit mania

#541
post #437

Earlier quoted context omitted.

Why not? Gaming/hardware is a massive industry. They have enough brand recognition to take a slice of it if they make the right moves.

They don't have a moat. What can they do that Best Buy can't?

They are getting a hell of a press boost. Watch next earnings based on that alone. Also, is there no room for an amazing online retailer of computer/gaming hardware and accessories? They definitely aren’t that yet, but with some dudes from Chewy joining the board, I don’t see why they couldn’t put all this together to make a splash.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#542

Earlier quoted context omitted.

The short version: Freenet has better anonoyminity properties than tor/i2p at the cost of scaling poorly and only supporting static documents instead of interactive (tcp) servers. Think of freenet as anonoymous Gnutella

> scaling poorly Source? It's become satisfyingly fast for me over the past years. > only supporting static documents instead of interactive (tcp) servers. You can develop dynamic services on Freenet just fine. It is just done in a different fashion technically: Instead of hosting the software on a server, and running scripts on the clients' web browser, there is no server/client model. It's true peer-to-peer: Every…

>> scaling poorly

>Source?

>It's become satisfyingly fast for me over the past years.

My understanding is that freenet (At best) scales logarithmically where Tor scales mostly constantly. Scalability and (current) speed are not the same thing. However saying poorly was probably unfair, I should have said is less scalable than Tor is.

> You can develop dynamic services on Freenet just fine. > [...]

What you're describing is how I would define a static page (plus client side scripting). Which works fine in many use cases. But you can't ssh into some server over freenet, or plop your php site from the world wide web unchanged, on to freenet. You can do these things with Tor, along with (at least in principle) all the "true p2p" things you mentioned you can do with freenet (Obviously in the Tor case you need to have your server always going and have sufficient capacity). That's why I would describe Tor as more flexible in terms of the things you can "host" (for lack of a better word). But the flexibility comes at a cost, and in exchange for being less flexible, freenet has a lot of interesting properties that tor does not have.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#543

Earlier quoted context omitted.

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 fro…

I think they meant servers as in the machine hosting the content you are acessing, such as the machine that hosts HN. Not that every connection goes through a central server, but your content is hosted on a central server, as opposed to FreeNet where your content is distributed and so can't be taken down like a server can.

I see, it took a moment to understand what they were describing as I'm not familiar with Freenet, but this makes it much more clear.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#544

Earlier quoted context omitted.

Kinda funny small-world stuff that Justin Frankel (Winamp + Gnutella) went onto AOL/TimeWarner and got into a feud with an exec he wrote a passive-aggressive blog post about without naming him. The exec was Chamath Palihapitiya. Justin was and always will be a legend - he wrote an AOL Messsenger ad blocker and mp3 search plugin _while working at AOL_

is there a link to the blog post? of Justin writing about unnamed exec

I tried finding it - even went into archive and couldn’t - sorry!

Re: u/DeepFuckingValue and the GameStop Reddit mania

#545

Earlier quoted context omitted.

To be honest, this is kind of the problem I have to stock investing as a whole. It sounds great to "invest on the fundamentals", but there doesn't appear to be a way for the average person to even comprehend what "the fundamentals" even are. But there has to be at least one fundamental: If the company goes bankrupt, the stock is worth nothing. Gamestop is most certainly going to go bankrupt eventually. Their business…

A trivial (not necessarily smart or optimal, but possible) way for GameStop to avoid that eventuality is to liquidate; close down the business and sell off all the assets - that wouldn't be a bankruptcy, they have more than enough cash and assets to cover their debts, so they would have a nonzero amount of cash left over to distribute to the shareholders. In essence, you're correct that if the company goes bankrupt,…

In that case the stock price would simply be assets-liabilities.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#546
post #459

Earlier quoted context omitted.

> 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.

There's a YC idea there somewhere. Especially when a lot of family offices are looking at wealth preservation over volatility.

There are things called Income Sharing Agreements that in theory better align the incentives of lenders and students.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#547
post #80

Earlier quoted context omitted.

You can always place limit sell orders

Limit sell orders with this kind of volatility is not as safe as you might think. Just because you set a sell limit does not mean your trades will execute at that price.

Yes it does mean that, by definition

Re: u/DeepFuckingValue and the GameStop Reddit mania

#548
post #533

Earlier quoted context omitted.

How is that, it means (within the statement made)the stock is lent multiple times if a stock can be lent multiple times then that’s no different from a naked no borrowing short b) if it lent to multiple people it’s owned by none

No. Naked short would be when I sell without borrowing hoping that the stock will drop sufficiently (or new shares will be available for borrowing) that by the time settlement occurs (T+2) I will be able to cover. The “fraud” of naked short is that you fail to deliver the shares at settlement to the new owner. If you re-borrow shares then that’s different since then you really do have shares to deliver.

If a stock is lent multiple times then at least one of the borrowers can’t deliver and hence are naked

Re: u/DeepFuckingValue and the GameStop Reddit mania

#549

Earlier quoted context omitted.

> The overall market is stressed, things are getting weird and I would not be surprised if this is the beginning of another stock market crash. GME short interest was still greater 100% of shares outstanding as of 1pm 1/29 (S3 Shortsight numbers). If forced to cover, short holders will have to liquidate other assets. Could those liquidations force more liquidations in a positive feedback loop? Hopefully no, but certa…

Yes, exactly. When a hedge fund is getting its face ripped off because its shorts are up 50 - 200%, it will liquidate its longs to cover. The rotational dynamics of many funds doing that at once can drive the price down on traditionally stable stocks that everyone owns. In a worst case scenario that could trigger a massive selloff which would crash the market. This is compounded by the fact that funds will defensivel…

That doesn't necessarily have to be a bad thing doesn't it? If large hedges stop overleveraging themselves to such an extent where this could happen we might see a return to more accurate company valuations. I see it as a net positive for the market in the long run

Re: u/DeepFuckingValue and the GameStop Reddit mania

#550

Earlier quoted context omitted.

A trivial (not necessarily smart or optimal, but possible) way for GameStop to avoid that eventuality is to liquidate; close down the business and sell off all the assets - that wouldn't be a bankruptcy, they have more than enough cash and assets to cover their debts, so they would have a nonzero amount of cash left over to distribute to the shareholders. In essence, you're correct that if the company goes bankrupt,…

You think of what GameStop was, not what it is becoming. Chewy's Founders and now board members are obviously not in the business of losing money, they bought a sizeable portion of the stock and are now members of the board. GME has been transitioning to e-commerce (this is where Ryan Cohen and the new board comes in), where they tripled their sales (e-commerce) each year. In addition, one of the board members is own…

this is exactly what I've been thinking...Gamestop has over 5,000 physical locations across the country...this is an extremely valuable resource that if utilized correctly could turn them into a hugely successful empire again...Esports is still in its infancy but it's already a billion dollar market...even better...why not partner with AMC, another entity in this WSB movement that is failing and also has many locations with huge screens, sound systems, and seating...perfect for esports or some kind of AR/VR setups, IDK, if these CEO's can use their imaginations there's many paths they could try...
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