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

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

#811
post #770

Earlier quoted context omitted.

This is a tired old argument and it isn't convincing or effective. There's a big difference between some kids screaming in your coffee shop and a community on a website supposedly dedicated to free discussion. A more apt comparison would be a group in a corner having a conversation at a rock concert. Suddenly this argument appears less apt. And while some are screaming for these sites to get shut down over it, most o…

> The internet needs a true public square Honest question: why?

So that those with the currently loudest voices can silence all others?

So that the "invisible hand of the market" may decide who is wisest (as demonstrated when we look at all the instances where this happened)?

I think all of these wishes of a true public space are usually colored by the (mis?)perception of certain opinions being opressed, when in fact they are often just socially unacceptable because of their destructive nature.

Not to be that guy, but I grew up in Austria inbetween old Nazis and young Neo-Nazis. When they said: "you are trying to silence us" what they meant is "we want to establish the old power again, so we can silence you. until that happens, we want free speech". This is literally (translated from a very thick accent in Austrian German) what one of the neo nazis said to me after the 8th beer and a heated discussion. To assume these people want free speech for anybody other than themselves is naive. For them tolerating others is a vehicle to convince them of their cause: Once they have what they want they will get rid of it.

The question how much tolerance we have to show those who themselves are intolerant is a old one and still not easy to answer. However to me it is quite clear that we should sacrifice the free society we have without a fight.

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

#812

Earlier quoted context omitted.

There is nothing wrong with the word retard. It’s a legitimate dictionary word. Every few years the PC police has to arbitrarily decide that something is morally unfashionable and then they convince everyone that if they don’t replace it with an equivalent string, they’re somehow bad people. It makes no sense and everyone goes along with it. Whatever the current replacement is, that will probably be disallowed in a f…

I think even if words like that aren't used to intentionally bully or harm someone, it certainly sets the tone of an environment. We all have to make the choice as individuals about what tone we want our words and actions to bring to the world around us.

Right, but that's the in-joke. People refer to themselves as mentally disabled. It does set the tone - namely, of leaving your ego at the door. I fail to see how this is a negative.

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

#813
post #699

Earlier quoted context omitted.

The Discord ban was clearly because the community itself is controversial from a legal point of view. That's why the ban happened today. But I think this is an unwise move. Each community that is censored over something legal but controversial, pushes the creative citizens of the Internet towards building more open platforms. Hope we end up there soon, this constant censorship of communities I might want to have a lo…

And shorting more stock than a total company even has is not controversial? Or using massive shorting to just keep on pushing a stock down? It feels a lot more controversial to me and yet, the hedge fund managers dont't really feel anything. Well apart from the fact that they got caught with their hands in the cookie jar and now they have to pay. But I wonder if their platforms are now being censored. Classic money i…

I agree with you. But there's definitely a controversy here, in the sense that two large groups have strongly differing opinions.

To my eyes, that controversy is part of a very public power struggle. I firmly believe that the WSB community is in the right, and that any legal gray areas are subtle enough that it would require a judge to decide. So there is no reason for internet companies to pre-emptively wash their hands of the situation. But yet here we are.

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

#814

Earlier quoted context omitted.

25 years ago there were know-it-alls expressing sentiments like yours. “The internet is a fad” It is just nerdy men in their basements.

That's not what they said at all.

Ahem...

https://thenextweb.com/shareables/2010/02/27/newsweek-1995-b...

https://blogs.mprnews.org/newscut/2012/02/the_internet_futur...

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

#815
post #802

Earlier quoted context omitted.

This is a tired old argument and it isn't convincing or effective. There's a big difference between some kids screaming in your coffee shop and a community on a website supposedly dedicated to free discussion. A more apt comparison would be a group in a corner having a conversation at a rock concert. Suddenly this argument appears less apt. And while some are screaming for these sites to get shut down over it, most o…

I have worked as a tutor at university. The best and most "free" discussions I experienced were all happening in a space where everybody was after finding some sort of insight. This delicate balance was at times destoyed by a single person that started attacking people aggresively for who they were rather than attacking the argument they made in a way that makes them understand. Allowing that person to freely speak w…

Not everyone shares your ideas about what the "best" and most "free" discussions are. Apparently, the crowd at this Discord channel were ok with calling each other gays, autists, retards, or whatever. It may not be the highbrow enough for some, but that is no reason to shutdown their community.

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

#816
post #133
post #14

And they chose today as the best possible time to enact this ban? Really? I really think they should have put more thought into the timing of this decision; a lot of users are going to be upset and will suddenly start to realize that a single company has a monopoly on their online social life (this may seem like an exaggeration, but it feels quite true to me colloquially, especially if you're a younger US male and/or…

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…

"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."

I'm so happy we have mrtksn to explain the motives of about 5 million different people.

Thank you so much for enlightening us with your psycho-analysis of all those people.

We will try to be less nihilistic next time boss.

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

#817
post #804

I think the problem here is pretty obvious: we have laws and norms about hate speech , but why do we have nothing to prevent hate reading ?. Why do we allow people to seek out and absorb hateful ideas and opinions? It's the intellectual equivalent of financing terrorism and the people engaging it are escaping justice. It's a huge blindspot for society. Who knows how much harm is caused by this 'dark thought' in every…

Can't say if it's sarcasm or not. Straight from Fahrenheit 451?

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

#818
post #777

It does feel like a watershed moment regarding hedge funds. This is the first time netizens capitalize on hedge fund short favorites and it has been surprisingly easy to cause an absolute catastrophy in the order of billion losses for them. I heard Melvin Capital may even have gone bankrupt? And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that eas…

> It does feel like a watershed moment regarding hedge funds

Let's wait six months. This story is being badly reported all over. I suspect the hedge funds will mostly be fine.

>You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that easy. It's not illegal.

Yes, it is, it's an abusive short squeeze, which is market manipulation.

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

#819
post #761

There is some brilliant analysis on WSB, some rubbish - the usual. But there was great analysis on this post a few hours ago: https://old.reddit.com/r/wallstreetbets/comments/l6n4ay/the_... Assuming it (like others) gets taken down, here's a copy+paste with some cleanup: Note that Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures,…

Is this great analysis, or is this random paranoia?

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

#820
post #777

It does feel like a watershed moment regarding hedge funds. This is the first time netizens capitalize on hedge fund short favorites and it has been surprisingly easy to cause an absolute catastrophy in the order of billion losses for them. I heard Melvin Capital may even have gone bankrupt? And how to do it? You get people to invest in a stock that is expected by the industry to go belly up. Seriously. It's that eas…

It's not quite that easy. You have to find a stock that's overshorted (>100% of shares here) irresponsibly (if they used e.g puts they'd be fine), buy a lot and hold it long enough. Also quite likely WSB money wasnt enough and it's only because other hedge funds jumped in that we got here.

What Melvin did was risky and avoidable.

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