So if you haven't been following, reddit users on r/wallstreetbets have pulled off an epic short squeeze in $GME
And now legacy media is out with all the talking heads saying how bad this is for capitalism, markets, and your grandmother's apple pie.
Make no mistake, when you cross them they will shut you down...
Unless they just can't.
All of r/wallstreetbets should be on leofinance.io and #ProjectBlank
All of reddit should be on peakd.com
#web3 is the future.
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Great point. Activities like this on scale would probably bring global attention to the platform very quickly. But I'm not sure if all that attention would be the kind we want. We'd potentially have another major stress test after last spring.
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Maybe I'm just old and cranky. Maybe if it can't scale after all the years and promises, it deserves to die.
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Maybe I'm just old and cranky.
Old is a matter of perspective. From my view, you dont qualify as old.
As for cranky, you are an accountant and they all end up as cranky. You should see my dad after more than 55 years in the business....
Now that makes on cranky...and old.
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After the optimization, I think we can handle a lot more than most realize.
But who cares what I think, Blocktrades put the number at 10x capacity of where we would have maxed out before they started on the optimization.
I think the chain could handle all the traffic. A bigger issue would be all the accounts and getting then the resource credits to interact.
I am curious how that will work out with #projectblank which I think is going to explode.
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They can buy some hive anytime and they will. That's the price of free speech.
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We are on the right time on the right place to change the world!
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It will be interesting to see if anything happens with the WSB subreddit. It's quite evident the self-described autists in that sub have made an impact. Traditional hedge funds and investors seriously underestimate the power of people when they collectively fight against something. If there is an investigation into what has transpired here, it should be Melvin Capital and their potentially illegal naked short selling tactics.
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Humans are creatures of habit. They won't adopt decentralized systems until they have to. But that time will come.
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I don't know what they're waiting. They won't be censored here. We'll enjoy it.
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LOL
I loved this one:
And now legacy media is out with all the talking heads saying how bad this is for capitalism, markets, and your grandmother's apple pie.
So true. 500 men in a private room spending a million dollars each to manipulate the price is Smart Trading, one million people on Reddit with 500 dollars is Economic Terrorism, and the Sky is Falling.
LMAO
Shorters have been falling on their swords since the stock market began, its business, bad trades lose money. They should have closed their positions way before expiration, and moved on. Instead they doubled down, a rookie move.
Irony
The true irony is that they have propelled WSB to Stardom...
LOL
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