Curtis, you write "The capacity for significant collective ironic action is very rare in human history—so rare that I am at a loss to think of another example. It must have happened."
I've always been sceptical of the idea that the Bronze Age oecumene was destroyed by iron. Perhaps it died of irony. This is almost, but not quite, the so-called general systems theory of the Late Bronze Age Collapse. That theory proposes that Bronze Age societies became too complex for their participants to sustain. I find that chauvinistic towards the past. But as you clearly know, the old meaning of εἰρωνεία is no more or less than "acting retarded". If irony is taken in that sense, then collective ironic action is a convincing explanation. Pretty powerful historical force. Careful with that axe, Eugene!
As the foremost moldbug scholar on my block I am shocked to find there are hidden articles at https://www.unqualified-reservations.org. what else is hidden in those archives... or is there a computer way to download them
Revisiting the throwback spaghetti meme had me rolling!
Just throwing up a flag here to get a feel of the breadth of our audience: anyone else here a fan of both 4Chan and GM? Equal rights for low brow as well as high! An odd crossover of platforms maybe, but here we are. (Unless it is indeed only me.)
>Obviously, a mob is a wild, reasonless animal. Philosophy cannot predict it, any more than philosophy can predict a wolverine.
Something Moldbug didn't touch on is that Reddit is very patriotic about video games. The short selling of a video game store's stock is seen as an attack on gaming, and those farts in suits are clearly out of touch with the populace. Prediction: video games are only going to get more important.
It's a bit like when Americans started buying Lego because some Muslims were boycotting it: not textbook-rational economic behaviour, but not wild and reasonless either.
Otherwise, a great post and return to form; bravo!
Its amazing how big story this is considering at some level how complicated it is - I was listening to one of my NBA podcasts, I've been listening to these guys for years - they only ever talk NBA and the occasional story from their private lives - never politics, never anything outside the NBA - they talked about GME for 20 minutes...I would say the Silicon valley folks have the best handle on what actually happened - Chamath's explanation is the easiest for a stockmarket idiot like myself to follow: https://www.youtube.com/watch?v=rWEPSKkkdKQ - his run for Governor against Grusome will be interesting to watch, if only in a dispassionate, nihilist non-voting sort of way...
> Here is a collective action which is effective, yet nihilistic
How the fuckity fuck is it nihilistic?! Are you so nihilistic that you don't think the word nihilism has any meaning? You need to write a detailed post on what nihilism means to you and link to that page every time you use the word. You either have some obscure definition in your mind, or maybe you're co-opting the word as some vague idea as "against the system by any means necessary" because it's fashionable?
Futures markets would be the obvious mechanism for separating the "real" market of stocks from predictions. Shorting would only be allowed on the futures market (where it could be done to arbitrary level without borrowing as long as margin was sufficient -- i.e. how the futures markets work right now). Cash v phys settle is an interesting question. To avoid feedback into the "real" market, I assume the preference would be for cash settle.
Tl;dr all in on silver
Quackocracy: "DoJ announces thousands of /r/wallstreetbets posters arrested and charged with outsider trading."
Damn, that 2005 poast... the logical/argumentative style is Moldbuggian but the writing style most definitely is not. Deep fucking lore.
Remember, it's not about the money. *It's about sending a message*.
Yarvin writes faster than I can read. I need to step up my autiste powers.
I’m too retarded to understand this poast. But I appreciate it nonetheless.
Curtis, you write "The capacity for significant collective ironic action is very rare in human history—so rare that I am at a loss to think of another example. It must have happened."
I've always been sceptical of the idea that the Bronze Age oecumene was destroyed by iron. Perhaps it died of irony. This is almost, but not quite, the so-called general systems theory of the Late Bronze Age Collapse. That theory proposes that Bronze Age societies became too complex for their participants to sustain. I find that chauvinistic towards the past. But as you clearly know, the old meaning of εἰρωνεία is no more or less than "acting retarded". If irony is taken in that sense, then collective ironic action is a convincing explanation. Pretty powerful historical force. Careful with that axe, Eugene!
As the foremost moldbug scholar on my block I am shocked to find there are hidden articles at https://www.unqualified-reservations.org. what else is hidden in those archives... or is there a computer way to download them
Revisiting the throwback spaghetti meme had me rolling!
Just throwing up a flag here to get a feel of the breadth of our audience: anyone else here a fan of both 4Chan and GM? Equal rights for low brow as well as high! An odd crossover of platforms maybe, but here we are. (Unless it is indeed only me.)
O man I was waiting all week for this exact article.
"The retards can stay retarded longer than the hedgies can stay solvent—but no one can be more retarded than a printer. I hear it goes brrr."
I did not disappoint :)
The subs must unite to WSB this grift to the moon (#1 in Substack Politics).
I just like the mint
>Obviously, a mob is a wild, reasonless animal. Philosophy cannot predict it, any more than philosophy can predict a wolverine.
Something Moldbug didn't touch on is that Reddit is very patriotic about video games. The short selling of a video game store's stock is seen as an attack on gaming, and those farts in suits are clearly out of touch with the populace. Prediction: video games are only going to get more important.
It's a bit like when Americans started buying Lego because some Muslims were boycotting it: not textbook-rational economic behaviour, but not wild and reasonless either.
Otherwise, a great post and return to form; bravo!
Its amazing how big story this is considering at some level how complicated it is - I was listening to one of my NBA podcasts, I've been listening to these guys for years - they only ever talk NBA and the occasional story from their private lives - never politics, never anything outside the NBA - they talked about GME for 20 minutes...I would say the Silicon valley folks have the best handle on what actually happened - Chamath's explanation is the easiest for a stockmarket idiot like myself to follow: https://www.youtube.com/watch?v=rWEPSKkkdKQ - his run for Governor against Grusome will be interesting to watch, if only in a dispassionate, nihilist non-voting sort of way...
At this point I just want to see The Fed lowball the public for their GME in stock market credit. It’s not an impossible outcome.
> Here is a collective action which is effective, yet nihilistic
How the fuckity fuck is it nihilistic?! Are you so nihilistic that you don't think the word nihilism has any meaning? You need to write a detailed post on what nihilism means to you and link to that page every time you use the word. You either have some obscure definition in your mind, or maybe you're co-opting the word as some vague idea as "against the system by any means necessary" because it's fashionable?
Futures markets would be the obvious mechanism for separating the "real" market of stocks from predictions. Shorting would only be allowed on the futures market (where it could be done to arbitrary level without borrowing as long as margin was sufficient -- i.e. how the futures markets work right now). Cash v phys settle is an interesting question. To avoid feedback into the "real" market, I assume the preference would be for cash settle.