[bitstan]

Would be interesting if WSB was allowed to invest in private startups as easily as they can invest in meme stocks.

Robinhood doesn't like us? We'll start out own.

Reddit doesn't like us? Let's just kickstart and crowd-source another.

This idea that the common man needs to be protected from himself is paternalistic and condescending. Private equity is the means of collective action and the rich people don't want us to organize without their blessings.

[xhrpost]

> Would be interesting if WSB was allowed to invest in private startups as easily as they can invest in meme stocks.

Technically the JOBS act is supposed to allow this (crowdfunding). May not be as easy as buying stock but at least it's legal now.

[tachyonbeam]

> Reddit doesn't like us? Let's just kickstart and crowd-source another.

There's Ruqqus which is already a working alternative to reddit. However, what I found going there is that there are a lot of anti-left memes being shared. Some amount of toxicity. I'm all for freedom of speech, but I wish the platform was a bit less political, a more neutral alternative to reddit... but hey, if enough people leave reddit, maybe it will become just that.

https://ruqqus.com/+Commentary/post/74iv/lol-you-thought-tha...

[bitcharmer]

> what I found going there is that there are a lot of anti-left memes being shared

This is probably because reddit is quite clearly a left-leaning platform. Due to the lack of healthy balance, the refugees from reddit are mostly people who feel their views and voices are being silenced by aggressive moderation. In my opinion this state of affairs is only reddit's fault.

[aphextron]

>Would be interesting if WSB was allowed to invest in private startups as easily as they can invest in meme stocks.

Not enough liquidity. WSB has very little to do with long term investing. It's just about using the stock market as a casino.

[sidlls]

Which is more or less how most big investment (hedge) and prop trading firms use it anyway. The key difference here as the same is it always is: which group has the ear of those with power.

[perryizgr8]

> Robinhood doesn't like us? We'll start out own.

Then payment processors ban you. Then you start your own visa. Let's start our own visa. Banks ban you. Let's start our own bank. Your hosting service bans you. Host your own. Your ISP bans you. Start your own ISP. Other ISPs don't peer with you. Start your own internet. Then the feds shut down your bank.

The answer to censorship is not "start your own".

[bitstan]

As a bitcoiner none of those things sound too crazy. Community banks, community ISPs, and market-based money? Sweet. Kick Comcast and BoA to the curb.

[snowwrestler]

There is absolutely nothing stopping the members of WSB from pooling their money to start an angel fund, VC fund, or any other form of private equity. You don’t need special Wall Street credentials to do that, just some money and a lawyer.

That’s a pretty long-term bet, though, and I don’t think WSB is usually into those.

[ibraheemdev]

> Reddit doesn't like us? Let's just kickstart and crowd-source another.

By the way, the Reddit WSB "shutdown" was done by mod admins to clean up the page a bit. It was private for an hour or two and back up.

[silicon2401]

> This idea that the common man needs to be protected from himself is paternalistic

Interesting word choice. Conservative wording of "common man", but liberal wording of "paternalistic". I don't mind the former but I do wonder how a father would be more inclined to protect a child from itself than a mother; if anything, I would find maternalistic a more fitting descriptor.