Regarding Gamestop, WSB etc. I strongly believe in the power of p2p/distributed groups and projects. You know the open source kind, the kind that started in January 2009 (I don’t want to run afoul of the mod bot, you know the one), the kind that since they are p2p are not subject to big tech control and censorship. Instead of having to entrust your money with some expensive third party running a hedge fund, you have a distributed hedge fund (or mutual fund or ETF) here.
Instead of one person saying “our fund is going to buy this” you have a group saying, “I like this because of X, buy it if you agree.” Hedge funds will often bet against each other, here the distributed hedge fund has more money and power to bet against the centralized hedge funds and can win.
This is one such p2p group. This isn’t necessarily a fight between Wall Street and Main Street, but a much wider fight that is being repeated in lots of other areas in the US and around the world. This is a power play between the so-called elites and so-called non elites in many fields from here in the market to politics to people (e.g. the CA gov) hiding information because he thinks people are too stupid to understand it. This is the same type of fight between those who want one set of rules for some people and a different set of rules for the powerful elites. Freedom depends on a single set of rules for everyone, and these so-called elites are fighting back. Put the screws to them. Market shorts are important in the market, but this is the counterbalance and should be used more often.
My concern is that like Discord, will Reddit allow WSB to continue there? If not, a purely distributed p2p option would be useful. Encrypted too.