I find it amusing that people think the #Reddit #WallStreetBets participants are incapable of just gaming a system by themselves without some "puppet master."
As if these aren't the a bunch of geeks who excel at math and game theory. /1
As if these aren't the a bunch of geeks who excel at math and game theory. /1
These are people responsible for pulling off the same stuff as "professionals" in MMOs and other simulations for decades.
They've coordinated loose collectives of individuals into everything from social protests/lobbying to website hacks/DDOS attacks. /2
They've coordinated loose collectives of individuals into everything from social protests/lobbying to website hacks/DDOS attacks. /2
Not to mention, many are geeks with money to burn.
No, they're not 1%ers or even 10%ers, but they're often childless and have no problem dumping excess thousands into games, hobbies, collectibles, conventions, etc. /3
No, they're not 1%ers or even 10%ers, but they're often childless and have no problem dumping excess thousands into games, hobbies, collectibles, conventions, etc. /3
What's the difference between putting $1000 (monthly!) into some mobile strategy games or celebrity meet-and-greets? Versus investing in the stock market?
Especially given many of these people are under lockdown, bored, AND have ~extra~ cash due to the event cancellations. /4
Especially given many of these people are under lockdown, bored, AND have ~extra~ cash due to the event cancellations. /4
No shadowy figures controlling things are necessary. These Redditers aren't the "common poor" people are making them out to be.
They're intelligent, skilled geeks who understand that Wall Street is just a game, and have the money and motivation to break it for fun. /END
They're intelligent, skilled geeks who understand that Wall Street is just a game, and have the money and motivation to break it for fun. /END