jersan

joined 2 years ago
MODERATOR OF
[–] [email protected] 9 points 1 year ago

a lot of interesting ideas. i love hearing all of the various ideas.

there was an interesting perspective a few days ago, which said TLDR:

GME could quite literally fire everyone tomorrow, close all stores, liquidate, and become a proxy holding for SPY, and shorts would still lose long term. Buying and holding SPY long term is a smart move to ensure profits and survival. Buying GME shares then essentially becomes buying SPY with a cherry on top (MOASS).

i tend to believe, over a long enough timeline, the position of our opponents becomes untenable, one way or another. So long as GME can demonstrate consistent positive results, regardless specifically how it does so, there will be no way to stop it

 

What is Lemmy?

Lemmy is a self-hosted social link aggregation and discussion platform. It is completely free and open, and not controlled by any company. This means that there is no advertising, tracking, or secret algorithms. Content is organized into communities, so it is easy to subscribe to topics that you are interested in, and ignore others. Voting is used to bring the most interesting items to the top.

Major Changes

This release is very large with almost 400 commits since 0.18.5. As such we can only give a general overview of the major changes in this post, and without going into detail. For more information, read the full changelog and linked issues at the bottom of this post.

Improved Post Ranking

There is a new scaled sort which takes into account the number of active users in a community, and boosts posts from less-active communities to the top. Additionally there is a new controversial sort which brings posts and comments to the top that have similar amounts of upvotes and downvotes. Lemmy's sorts are detailed here.

Instance Blocks for Users

Users can now block instances. Similar to community blocks, it means that any posts from communities which are hosted on that instance are hidden. However the block doesn't affect users from the blocked instance, their posts and comments can still be seen normally in other communities.

Two-Factor-Auth Rework

Previously 2FA was enabled in a single step which made it easy to lock yourself out. This is now fixed by using a two-step process, where the secret is generated first, and then 2FA is enabled by entering a valid 2FA token. It also fixes the problem where 2FA can be disabled without passing any 2FA token. As part of this change, 2FA is disabled for all users. This allows users who are locked out to get into their account again.

New Federation Queue

Outgoing federation actions are processed through a new persistent queue. This means that actions don't get lost if Lemmy is restarted. It is also much more performant, with separate senders for each target instance. This avoids problems when instances are unreachable. Additionally it supports horizontal scaling across different servers. The endpoint /api/v3/federated_instances contains details about federation state of each remote instance.

Remote Follow

Another new feature is support for remote follow. When browsing another instance where you don't have an account, you can click the subscribe button and enter the domain of your home instance in the popup dialog. It will automatically redirect you to your home instance where it fetches the community and presents a subscribe button. Here is a video showing how it works.

Authentication via Header or Cookie

Previous Lemmy versions used to send authentication tokens as part of the parameters. This was a leftover from websocket, which doesn't have any separate fields for this purpose. Now that we are using HTTP, authentication can finally be passed via jwt cookie or via header Authorization: Bearer . The old authentication method is not supported anymore to simplify maintenance. A major benefit of this change is that Lemmy can now send cache-control headers depending on authentication state. API responses with login have cache-control: private, those without have cache-control: public, max-age=60. This means that responses can be cached in Nginx which reduces server load.

Moderation

Reports are now resolved automatically when the associated post/comment is marked as deleted. This reduces the amount of work for moderators. There is a new log for image uploads which stores uploader. For now it is used to delete all user uploads when an account is purged. Later the list can be used for other purposes and made available through the API.

Cursor based pagination

0.19 adds support for cursor based pagination on the /api/v3/post/list endpoint. This is more efficient for the database. Instead of a query parameter ?page=3, listing responses now include a field "next_page": "Pa46c" which needs to be passed as ?page_cursor=Pa46c. The existing pagination method is still supported for backwards compatibility, but will be removed in the next version.

User data export/import

Users can now export their data (community follows, blocklists, profile settings), and import it again on another instance. This can be used for account migrations and also as a form of backup. The export format is designed to remain unchanged for a long time. You can make regular exports, and if the instance becomes unavailable, register a new account and import the data. This way you can continue using Lemmy seamlessly.

Time zone handling

Lemmy didn't have any support for timezones, which led to bugs when federating with other platforms. This is now fixed by using UTC timezone for all timestamps.

ARM64 Support

Thanks to help from @raskyld and @kroese, there are now offical Lemmy releases for ARM64 available.

Activity now includes voters

Upgrade instructions

Follow the upgrade instructions for ansible or docker. The upgrade should take less than 30 minutes.

If you need help with the upgrade, you can ask in our support forum or on the Matrix Chat.

Pict-rs 0.5 is also close to releasing. The upgrade takes a while due to a database migration, so read the migration guide to speed it up. Note that Lemmy 0.19 still works perfectly with pict-rs 0.4.

Thanks to everyone

We'd like to thank our many contributors and users of Lemmy for coding, translating, testing, and helping find and fix bugs. We're glad many people find it useful and enjoyable enough to contribute.

Support development

We (@dessalines and @nutomic) have been working full-time on Lemmy for over three years. This is largely thanks to support from NLnet foundation, as well as donations from individual users.

This month we are running a funding drive with the goal of increasing recurring donations from currently €4.000 to at least €12.000. With this amount @dessalines and @nutomic can each receive a yearly salary of €50.000 which is in line with median developer salaries. It will also allow one additional developer to work fulltime on Lemmy and speed up development.

Read more details in the funding drive announcement.

 

https://youtu.be/9GCGn_STx-o?t=7932 The following is a transcript lightly edited for improved readability.


Bill Pulte:

Larry, maybe you could just say hi to everyone, and then, you know, you were the first money in Chewy, which I think is now, what, a 12 or 20 billion dollar company?

Maybe you could just walk us through how you worked with Ryan Cohen, what you saw in him that did it, and then we'll get in to your multi billion dollar fund after that.

Larry Cheng:

Sure, yea, I was the first investor to meet with Ryan in person, I think that was back in 2012, I ultimately invested in the company on behalf of Volition in 2013. We invested 15 million dollars in Chewy series A as the first institutional investor in the company.

Pulte:

Let's go! Can I ask how much that 15 million turned in to? Is that public, or no?

Larry Cheng:

It's not, but, hundreds of millions I would say.

Pulte:

Everybody is cheering for you.

Larry Cheng:

Alright! I remember the first meeting with Ryan, and my first impression of him was, he said he would spend every night reading the reviews on the site, of Chewy, and if there were any issues with anyone who was unhappy, he would personally go take the lead and try to and figure out to resolve issues, and right then and there I knew he was, as customer centric, as focused on customer delight, as anyone from a first impression perspective, but that only grew over the years that I've gotten to know him. So yea, we invested in the company, it was a huge success obviously, and Ryan is a generational entrepreneur.

Pulte:

And, how old are you Larry, cause I didn't look it up but you look young as hell.

Larry Cheng:

48

Pulte:

48, wow, you look good at 48. So, 48, and you got, how big is your fund now, a couple billion?

Larry Cheng:

About a couple billion in assets under management, just shy of that, yea.

Pulte:

And, what are you investing in, and, you've got a lot of fans here, I don't know, 20, 30 thousand followers on Twitter, something like that?

Larry Cheng:

Yea, we invest, Volition is a growth equity firm, so we invest in emerging growth tech companies, so these are companies with 5, 15 million in revenue, in that zone, growing 50 to 100 percent plus. So, really dynamic emerging tech companies. We have two sides of the house, software and services is one, and internet and consumer is the other. I lead the internet and consumer team, so that's all things e-commerce, digital media, ad tech, transactional services, consumer, retail, all that good stuff, all fun stuff.

Pulte:

Love it. Okay, so, is there anything you want to tell this crowd?

Larry Cheng:

I think this is truly inspirational that you guys are all together. You guys are really defining what it means for retail investors to be in community, and what comes from that. And so, you know, when I think about what, where this is headed and where communities are going, from impacting the financial markets, it's wherever you guys in this room want to go. Because you guys are on the forefront, and you're leading it, and so kudos to you guys, because, I think that the power of individual investors in community will only grow over time. And, there are days in the future, where rooms like what you have, will be more important and more influential than Goldman Sachs.

Pulte:

Wow. Did you hear that? Wow. That's amazing.
Larry, really appreciate the sentiment. And Larry, we've got, I'll have to send it to you later, but we've got an airport hanger full of people, this room cost way too much to rent, the stereos cost way too much, I'm gonna end up having to write probably a 40 thousand dollar check, which I'm happy to write, you know, 40 thousand dollars for this party, it's basically a party right, is this not a party?

But, anyway, we got basically, you know, we raised money for this. People donated 500 dollars. That's a lot of money. 500 dollars is a lot of money. People donated 500 dollars to come here to be in this room.
We have 250 people, everybody paid to be here, and I really appreciate you saying that this is the future of investing, because, Larry, you know, I invest for a living, these folks now invest for a living.
I also believe that this is the future too, of investing, and I believe that, you know, having somebody who is director of a 5 billion dollar company like you are, managing 2 billion dollars, thinking this is going to be, in your words, more powerful than Goldman Sachs? Did you guys hear what he just said? He just said that groups like this are the future and are going to be more powerful than Goldman Sachs.
I mean, that's, I have the utmost respect for them, as I'm sure he does, but that is a huge statement.

So Larry, let's just finish up here, and I know, we're going to behave ourselves, because we know you're a sitting director of a public company.

So, we want to respect that.

But, can you maybe tell us your favorite thing, you work with Ryan Cohen very directly. You were his money in Chewy.

What's your favorite thing about Ryan Cohen? Let's start there.

Larry Cheng:

Ryan is as contrarian as they come. So he's an independent thinker. He is not afraid to buck the trend, as you all know. And, he is such an original contrarian thinker. So it's inspiring to be around that. So, he's one of a kind in that respect. So that's probably my favorite thing.

Pulte:

Love it. And, again, I'm keeping it very generic, but you feel free to tell me what or what not you'll answer, these are like softball questions.

I think everybody in this room loves what I'm about to ask, which is, what is he like, inter-personally working with him?

So, everybody has all these different conspiracies, they have all these different things, people are trying to do stories on him -- you're actually somebody who is credible who works with him day to day, week to week, month to month.

What is he like when you're dealing with him inter-personally, what is he like to work with?

Larry Cheng:

It's kind of funny, when some of the articles would come out with pictures of him in kind of this foreboding, suit in a dark room, I would text him and say, that picture looks ridiculous.

And I would say, Ryan is actually quite humble and open handed as a person, and so, he listens, but he's very directed in what he wants to do.

Pulte:

Is he funny? Is he funny?

Larry Cheng:

He's a funny guy. He's actually rather understated. He's funny but understated. Very humble. And, don't imagine a foreboding, huge, ominous figure. That's not Ryan Cohen. He's very customer-centric, and just a very independent thinker, as I mentioned before.

That's how I would describe him.

Pulte:

Love it. What other questions about Ryan Cohen do we have? We have to keep it very generic.

Kais:

Did you have the chance to meet Ted Cohen?

Larry Cheng:

I did not.

Kais:

I'm sure you heard Ryan talking about his father. Can you tell us, some things you heard from him about his father?

Larry Cheng:

I think it's best for Ryan to talk about his father. All I will say is that, his father is an inspiration to him.

Pulte:

Very good. Thank you Larry.

Have you heard of the PP show before tonight, or no Larry?

Larry Cheng:

I have.

PP:

Oh really? What do you think about the PP show, Larry?

Larry Cheng:

Honestly, I didn't know much, but, I think I saw, Bill you went on it once.

Pulte:

Yes I did. Yes I did.

Larry Cheng:

That's where it came across my radar.

PP:

I just have a question pertaining to Ryan Cohen. Based off, you know, you know Ryan Cohen's humor, and things like that. In your opinion, and again, you can't speak on behalf of Ryan Cohen,

Do you think he likes the PP show, where we slap people with dildos, things like that?

Larry Cheng:

I've never specifically asked him about that, so I can't answer.

Pulte:

Well thank you for being such a good sport. We really appreciate you Larry. Thank you for coming.

You have a special announcement that you want to make for everybody here, you have kind of a surprise gift.

Larry Cheng:

Yes, thank you. Actually, Bill, you were kind of my inspiration for this, not gonna lie. I saw, you were doing a lot of great things for the community, and so some of you who follow me will know that we've done some giveaways, during the holiday season with some of my companies. We are doing one today, with Grove Collaborative, which is a sustainable household essentials retail store, e-commerce store.

What I thought I'd do, since I was coming on today, is I would like to give all of the attendees of today's event a 100 dollar gift card to Grove.

Hopefully you can go and have some holiday fun there. We'll find a way to get your email so that we can email you those gift cards, but just my way of saying happy holidays to the whole community.

Pulte:

Very good. Everybody is clapping for you in the room, so thank you very much. If you guys didn't hear in the back of the room, Larry is gonna give everybody a hundred dollars, which is amazing, that's like, you know, 25 grand. So, you know, if you paid 500 tonight, you're getting at least 100 back. And, Kais is going to give for people he wants to give the people another hundred.

Kais:

Everybody.

Pulte:

Everybody, wow. And that's worth a hundred dollars right there.

So, Larry, I can't thank you enough for coming on. Hopefully -- I think we kept it like ultra PG. I don't even know if you can keep it more PG than that. But we appreciate it, we hope to have you on again. And, we'd love to do it in person some time. But, thanks again for everything, and being here.

Everybody's chanting Larry.

Larry Cheng:

Thanks so much, good to see you guys.

[–] [email protected] 3 points 1 year ago

this is a great assessment.

Lemmy lacks the cool factor. i think some people don't want to like it because they don't want to be associated with that thing that is not cool.

But I like it for what it is and I don't necessarily need the addictive "fun" nature of algorithm-driven social media such as Reddit. I still use Reddit, but Lemmy is becoming my daily driver.

Over a long enough period of time, the best communities will continue to exist on various platforms. I'm using all of them in various capacities.

I wrote a post related to this, the The December 2023 State of the GME Social Media Ecosystem

 

Breaking news: in one of the most productive countries / economies in the entire history of humanity, the majority of people creating that productivity do not get to enjoy the rewards of that productivity.

same as it ever was.

[–] [email protected] 4 points 1 year ago

great comment!

i tend to agree. i think the fediverse is probably the best model moving forward. it is a challenging problem!

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 8 points 1 year ago

For sure.

with respect to bots, as of this time I don't think it's a problem that can be fully solved, although I do think over a long enough timeline the fediverse is probably the best suited to handle that problem.

I wanted to see a visualization of the relative size comparison, so I used the data that was available on Wikipedia, but this data is approximate at best.

 

cross-posted from: https://lemmy.whynotdrs.org/post/494473

Compared against the predominant incumbent social media platforms, the fediverse is very small.

information sources:

 

Compared against the predominant incumbent social media platforms, the fediverse is very small.

information sources:

 

About 2 months ago I unceremoniously shut down the Mastodon server at www.superstork.org.

I shut down this Mastodon server primarily because nobody was using it. It had no real energy.

I am a fan of Mastodon and I owe Mastodon gratitude for bringing a large amount of energy and life to the fediverse.

I initially set it up at the suggestion of somebody in superstonk, somebody who had concerns about reddit and that subreddit, and I shared those concerns. I had heard of Mastodon, and looked into it, and looked into the fediverse, and immediately I was intrigued, and I was motivated, so I spun up a Mastodon server.

But, evidently, Mastodon is simply not a valid replacement for superstonk / reddit, considering that it is a Twitter clone. It was never meant to be a discussion board. But, at that time, I hadn't even heard of Lemmy, I never gave it much thought at all. At that time, Mastodon was the hotness. Elon Musk had just finalized the purchase of Twitter, and many people had issues with this, and they left and joined Mastodon. This can be seen in usage statistics, such as can be found at: https://fediverse.observer/stats.

But, much has changed over the last year. Eventually, this Lemmy instance came to life, and I have been using it ever since. The Lemmy experience is obviously the appropriate Reddit alternative and not Mastodon.

superstork.org now redirects to gmehydra.org, which lists this Lemmy instance as the one and only current fediverse instance for GME investors.

I think originally I was expecting a bit more enthusiasm towards the fediverse, I expected other people to be as interested in it as I was, but I have learned that people can be very hard to motivate. This is why I put together gmehydra.org, because I was hoping for a large collection of fediverse servers, but they simply never came (yet).

Most people have a tendency, I think, to not want to be the ones to "risk" their personal time and energy as an early adopter of a new idea. Let other people spend their time and energy and figure it out and give it some life, and then once it has some life, maybe then it would be attractive enough to go join.

So, for obvious reasons, Lemmy is the superior practical app compared to Mastodon, for the purposes of GME investors having a place where long form discussions can be had.

Also, side note, I am happy to be moving away from any kind of name that in any way is similar to or might be thought to be associated with "superstonk".
Initially, I grabbed the name superstork because I thought it was kind of a fun and unserious play on the name superstonk. One kind Redditor had previously purchased the domain superstonk.net, and kindly offered to give that domain name to me for my Mastodon purposes. I respectfully declined the offer at that time, as I did not want to be seen trying to take or co-opt the name superstonk for my own purposes, I didn't feel comfortable with it.

Now, a year later, I don't want to have anything at all to do with that "brand". Even if I had wanted to keep the Mastodon instance running, I wasn't really happy with the domain that I had, it was too similar.


As we move forward I still expect that the fediverse will continue to grow, and eventually there will be additional instances for the purposes of GME investors, or at least instances that share common purposes.

As for right now, this instance is one of my favorite places in the social media landscape for discussing GME and other related information.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

these are all good policy propositions.

unfortunately, rules like this will never willingly be implemented by the people who get to make these rules because that would go against their interests.

 

https://youtu.be/zKsZDZVL3OA?t=2374


Byron from Loopring attended the PP show and discussed Loopring.

TLDW:

Loopring is re-architecting the global financial infrastructure with some friends.

[–] [email protected] 1 points 1 year ago

This hit piece production video featured the following 4 paid actors:


Full transcript:

Kristina Partsinevelos:

What to bedtime stories, a bankrupt company, and memes all have in common?

Fellow Montrealer, chairman of GameStop: Ryan Cohen. Or, that's at least the speculation on Reddit right now.

Bed Bath and Beyond filed for bankruptcy for April, was delisted in May, and now trades on the US's main Over the Counter exchange. The shares tend to float around until the entire bankruptcy process is over, and its bonds are right now are practically free, highlighting the lack of value in Bed Bath and Beyond, especially after Overstock paid 21.5 million dollars for all of its IP, so that means that they don't even own bedbathandbeyond.com is not part of Bed Bath and Beyond it's Overstock now.

And yet, Bed Bath and Beyond shares have soared, what, over 300% since its delisting, which is pretty uncommon for a bankrupt business, and more uncommon, you have retail investors getting in and, even though they know they would be the last to be paid in any sale, so,

Enter the bedtime stories and meme angle.

The Reddit crowd has a theory involving Teddy Holdings, which filed trademark applications to be an online marketplace for everything from towels, picture frames, to children's bedtime stories. It's also registered as a bank in Delaware, the Reddit crowd noted that the address for Teddy Holdings is the same address for Teddy Publishing, which is the publisher of a series of children's books written by: Ryan Cohen.

There's that Cohen connection. He's a prominent figure in the meme stock world, although he did cash out of Bed Bath and Beyond just last year, making what, over 50 million dollars, investors now though, the retail crowd, are hoping Teddy may step in to somehow find value in the bankrupt retailer.

I called and reached out, or tried to reach out to Teddy's patent lawyer, but didn't hear back in time for this, uh, hit. So what is this telling us?

Rumors, we know, can move names, no doubt. Meme traders are hoping to connect the dots that may or may not be there, suggesting that Teddy holdings and in turn Ryan Cohen, can help find value in a bankrupt company that is no longer really Bed Bath and Beyond.

Courtney Reagan: And obviously Bed Bath and Beyond saw these huge moves because of the meme crowd, they haven't given up on this name, even after it's filed for bankruptcy, even after Ryan Cohen cashed out, huh?

Kristina Partsinevelos: Precisely, and the corporate bonds are really not worth anything, so, and the value, so what's the value right? because the IP was pretty important hence the reason why Overstock bought it, but, they believe that this company in this shell, whatever's left of it, that hasn't been given to Overstock, could be renamed, and be taken under Teddy's wing.

That's it -- You're shaking your head no.

David Faber: I mean -- Well it just, it just shows you the lengths of wishful thinking that people are willing to go to to delude themselves, that anybody who wanted to get into this business needs the 'husk' of Bed Bath and Beyond to do it. I can, I can go back 30 years, there was a bankrupt [something] maker called LTV, and the stock traded around for years and years and years, and people shorted it naked, it was crazy, and it happens every cycle. But the fact that we had the encouragement in here of somebody who at one point saw value in a doomed retailer is... uh I mean I think we should just be clear, that, you know, these are people telling stories to themselves.

Kristina Partsinevelos: Or, this is a really confident market right now, right? You have these investors seeking out any type of profit, uh, we're re-invigorating the meme trade again, so what does that say, when, you know, people are trying to find value in names that are pretty much dead?

Carl Quintanilla: Or were trying to find alternatives to the, what historically has been private equity coming to the rescue, right?

Courtney Reagan: Exactly, which has not always turned out very well for these retail names, of course, with the, all of the debt that they leverage, and when other crises happen, big problems sort of resurface later on.

David Faber: Fascinating.

Carl Quintanilla: It is Fascinating.

Kristina Partsinevelos: You guys are all smiling but --

Courtney Reagan: This in itself is a bedtime story, right?

Kristina Partsinevelos: Yea, let me get a glass of milk.

Courtney Reagan: "Once upon a time..."

Kristina Partsinevelos: Ryan Cohen came to the rescue, cape and all.

Courtney Reagan: He's gonna save this damsel in distress. At least that's the story they're telling themselves.

Carl Quintanilla: Kristina thanks.

Kristina Partsinevelos: Thank you.

Courtney Reagan: Fascinating.

[–] [email protected] 3 points 1 year ago

https://youtu.be/OjxxtfIjO1s?t=5481

pp: "One final question before you leave Brenden, alot of us in Bed Bath & Beyond, we're super tinfoil guys, in your own opinion, again it's speculative, is the tin foil so crazy after all or what?"

Brenden: "Um, I'll politely decline to answer that question."

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Brenden mentioned Into the Cyberverse, a free-to-play browser-based game.

https://youtu.be/OjxxtfIjO1s?t=5281

[Ryan Kagy] has been working with us on a lot of things he's in charge of our blockchain and community, and he's built something I'm really passionate about and he's really passionate about, he's put a lot of labor of love into an immersive experience SLG game which is free to play we launched a a soft launch yesterday, we've been working with Spatial on a lot of improvements to their platform. We we've really been kind of pushing the boundaries of what's able to be built, and we've built a free-to-play browser-based game on their platform called Into the Cyberverse which is live now.

I'm pretty proud of it. There's lots of little Easter eggs, and we've got a a very passionate community that likes to kind of go down rabbit holes and have fun yeah and I think it's a it'll be an enjoyable experience for a lot of people and like I said it's free to play and you know if you help spread the word us being a small startup uh you know getting the word out and showing people like hey we enjoy these types of experiences we kind of I think get a lot of people uh or brands that are you know um on the sidelines watching to see if these types of things are what people want.

 

On October 11, 2023, Brenden Dearie, CEO and founder of Protocol: Gemini, gives an interview on the PP show.

The Protocol:Gemini blackpaper (2023) mentions that we're currently in phase 2 of the roadmap.

Q4 2023: Live events, intensive marketing and team expansion

 

Protocol: Gemini - BLACKPAPER 2.0 (March 2023)

protocolgemini.com


Protocol: Gemini is a web3 project building apps and products for the web3 future. P:G aims to build a web3-based interactive 3-D world accessible from your mobile device.

It's worth reading the blackpaper to get a good understanding of the entire idea.


Think about, for example, how Google Maps has location information, and people can leave reviews at restaurants and things like that.

P:G aims to build a web3 based decentralized version of that kind of thing, and much more. Users will earn rewards, in the form of GEMz, an ERC-20 token, for providing information and engaging in the network. A play-to-earn kind of model.

A better comparison to explain what P:G aims to do might be to consider Pokemon Go, which is actually made by a competing company. Pokemon Go uses location information to sort of marry digital information to physical locations.

P:G aims to build the information infrastructure to allow users to populate the network with information about their physical reality around them.

When the infrastructure and apps are in place and ready to use, all kinds of fun and interesting things might be possible. "This network of 3D data points will have community access for any user to build their own quests, structures, buildings, and eventually NPCs. Kinda like a video game that you can see on top of the real world!"


Protocol: Gemini is partnered with Loopring, as well as Cyber Crew, and others.


Protocol: Gemini sells Metagates on GameStop NFT marketplace.

 

TLDR at the bottom


Hello everyone,

i'd like to discuss something that was brought up last night on the pp show.

November 29, pp said:

"I do have a small little announcement here. The pp show as many know the subreddit was nuked. off reddit, which was very sad. you know, we don't have really, i know X is a good replacement in the meantime, so, but we need a forum, right fellas? so, one of the pps out there actually reached out to me, and i actually did a video conference with them, he's a super nice guy, and it turns out he's gonna be building a PP show mobile app man! so right on! so pretty soon we're gonna have our own platform, not X, not Reddit, it's going to be a PP god damn platform, fellas. Full app and everything, so soon enough, we'll be able to move our DD there when things explode man there's always gonna be more stocks to talk about, so things will never get nuked again. It's not even Lemmy man, it's gonna be an app! so a full on PP app, fellas. right on, I'm super excited, and yea i'll be paying to host it for everybody and all that, so right the fuck on fellas"


Obviously, pp can do whatever he wants for his show. If pp wants to have a mobile app, that is terrific. I will be cheering on the development of the app and I hope it succeeds and helps the show and helps the community.

However, if the objective of creating the mobile app is to have a "forum", allow me to use this Lemmy post in this existing Lemmy forum community, to explain why it will be challenging to have "a mobile app" as a forum.

1. A mobile app will exclude non-mobile access.

So one person is going to develop a mobile app? So it will only be usable on mobile devices, not laptops or desktop computers.

2. It must either be 2 apps (1 for Android and 1 for iOS), or half of all mobile users will be excluded

Which mobile os, Android or iOS? So one developer is going to either create and then maintain 2 full distinct apps, one for Android, one for iOS, or, this developer will create just 1 app for one of these operating systems, and the other half of all mobile users will be excluded along with PC and laptop users.

3. Because of the network effect, getting users to join a new competing social networking app is hard.

Putting the other stuff aside, let's assume that it is somehow an app that is usable by Android users, iOS users, as well as PC users, no problem. Like the way that a web-based app like Lemmy works.

Because of the network effect, it will be a struggle to onboard many users. It's largely for this reason why there are currently not so many users here on Lemmy. It's sort of a chicken and egg problem.

Think of that scene in The Office, S3E2: The Convention, where Michael is trying to get a party started in the hotel in Room 308, Party Central. Michael tries to recruit people to join his party. A few individuals go to Room 308 only to find that it's just Michael there alone and a bunch of bottles of liquor, and so they don't stick around because there's no actual party. There's no party because there are no people, and there are no people because there is no party.

Social media is kind of like this. People tend to want to be where the action is, and up to this point that has historically meant places like Reddit and X / Twitter.

Twitter and Reddit and YouTube are enormous centralized networks. E.g. Reddit and Twitter both have around 500 million monthly active users.

The fediverse, in comparison, has roughly a mere 2 million monthly active users.

Because of sheer size of reddit's network, it made it relatively easy for ~ 20,000 users to gather in the same subcommunity.

But, oh no, Reddit is a centralized platform that reserves the power to get rid of anyone they don't like from their platform that belongs to them, and they got rid of that subreddit that we all used to enjoy. that location for ~ 20 thousand users no longer exists, and we now find ourselves in the situation we're in.

So some people went to X. how many people joined the pp show community on X? around 5 thousand, not close to the nearly 20 thousand of the subreddit, and that's with many users already on X. To get to 20k will take time and effort. Also, as pp mentioned, in the long run X isn't really a proper forum is it?

Some people went to Lemmy. how many? a few hundred.

say in a few months, PP releases a premium mobile app. how many people will join? how much of a community will exist there? How long would it take to get to 20,000 subscribers?

It won't be easy to get a fresh party started on a new app.

4. The federated model is superior to a standalone model

It seems implied that this app that will be developed will be its own standalone social network app of some kind, and not federated or otherwise connected to any existing network.

the folks behind the website DRSGME.org went through a similar ordeal as the pp show community is currently going through, when reddit banned r/DRSyourGME.

That group ultimately decided to start their own Lemmy instance and I've been using it ever since. I wrote a post just yesterday on why, in my opinion, Lemmy and the fediverse is cool.

TLDR of that post: The federated model connects you to a larger network while still giving you full authority over your own instance, should you choose to run one.

If you have a standalone app / social network, you will be in a much smaller bubble, not connected to any larger network at all, which will make it that much more challenging to grow the community.


So, what are the options going forward?

  1. use existing centralized social media platforms, like Reddit, X, and YouTube.
  • Pros: largest networks, largest benefit from the network effect, therefore largest reach. apps are very functional and polished, high production value.
  • Cons: Centralized authorities reserve the ability to deplatform you at any moment. There is no reason to assume that YouTube is perpetually safe. Our opponents who aimed at getting the subreddit shut down are also aiming to get the YouTube channel shut down. Don't say it can't happen.
  1. Use a new bespoke app, developed specifically for the purposes of this community.
  • Pros: pp retains full control over the app, the app can be designed or customized in any particular way to suit the requirements. Can have a theme of dildo upvotes / downvotes and whatever else you want.
  • Cons: among what is discussed throughout this post, it will take time to develop an app, and it will take ongoing effort to maintain it. If it's 2 apps, 1 for both Android and iOS, then there are 2 codebases and the work is doubled. It's a lot of responsibility and expectations for 1 single developer. Deplatforming can still happen because Google and Apple retain the ability to get rid of any apps that they don't want in their app stores. Using 1 centralized bespoke app also necessarily implies 1 single point of failure.
  1. Use the fediverse and federated apps
  • Pros: the fediverse is an existing social network of about 2 million monthly active users that anyone can plug in to. It currently exists and is ready to be used. Right here, right now. Anyone using any fediverse app is technically able to connect and interact with anyone in just about any other fediverse app. Lemmy can be accessed from a web browser on any device: PC, Android, iOS. There are also third party apps specifically for Android and iOS that can be used. The fediverse enables you to connect to an already existing social network while allowing you to retain full administrative authority over your instance and community. Effectively, you cannot be deplatformed, if you are your own platform host. (btw a federated YouTube alternative exists called PeerTube)
  • Cons: Lemmy or other fediverse apps may not be perceived as being as "cool" as other options. It does require some amount of time and effort to host your own Lemmy or other fediverse instance. You can choose to not host your own instance, such as this community here we are currently in, but then you are at the mercy of the admins of whatever instance you are in. If those admins happen to decide one day that they don't like you, they could remove you from their instance. Although these apps are open source, they currently don't necessarily allow for the level of customization that might be desired. as of now, I don't think it is possible to implement dildo upvotes and downvotes. But, over time such ability could be integrated into the open source software.

@Ppseeds, I hope you read this post and consider what I have written here with an open mind.

The purpose of this post is not to try and discourage the idea of having a bespoke app created for this community. In stead I simply want to address the reality of what options exist, and why some options might be preferable over others. I am obviously biased and believe that the fediverse is the best long term option, but maybe it turns out that I've got it all wrong.

I personally will continue to use Reddit, and X, and YouTube, and various Discord channels, and Lemmy.


TLDR: Of the available options, the fediverse (e.g. Lemmy) is the only option that gives you the power to connect to an existing social network while retaining full administrative authority of your community, and the only option that gives you the tools to ensure you cannot be deplatformed.

 

Lemmy is cool. I'm a big fan.

Sure, there are numerous valid criticisms that can be made against Lemmy. However if you add up all the pros and all the cons, what I personally see is a great platform with a ton of long term potential.

It's really exciting to me how any community existing around a specific subject, in this case primarily DRS & GME, can set up their own instance and simply "plug in" to the rest of Lemmy / the fediverse.

This instance currently has around 780 user accounts, and of those, only about 50 monthly active users at this time.

However, the largest community on this instance, drs_your_gme, has a total of roughly 1100 subscribers and 165 monthly active users.

I think this necessarily means that, of all the active users in the drs_your_gme community on this instance, the majority of them are accounts hosted on instances other than this one. Roughly 1/3 from this instance, 2/3 from outside of this instance.

Personally i think that is very cool. It's so powerful!

If we were using some non-federated platform for example, something else other than Lemmy that otherwise serves the functionality that Reddit has, but not federated, not otherwise connected to the fediverse -- we would only have our small little bubble and that's it.

But because of how the fediverse works, we get the benefit of connecting to potentially thousands of additional people, maybe one day millions. We get to enjoy other content on Lemmy, and other Lemmy users get to see our content too, if they so choose.

Sometimes content is posted in the drs_your_gme community that maybe isn't specifically about DRS or GME, but has larger general appeal, and gains the attention of users outside of this instance. I love it when that happens. And of those users, some of them might be totally unaware or otherwise ambivalent towards GME or towards DRS, but by being exposed to this community organically through the natural machinations of the fediverse, they may feel inclined to subscribe here and learn a little bit more about what we like to discuss.

On Reddit, any sufficiently large subreddit that might get a lot of attention, that might make it for example to r/all, Reddit always retains the ability to prevent that exposure from happening, if they want. I can't remember the last time anything at all GME related ever made it to the front page of reddit. Not because the content isn't good enough or popular enough, but I think because Reddit has very specific controls about what does and does not make it onto the front page of r/all.

Here on Lemmy, we have an opportunity to speak our truth and to let it exist without fear of a centralized authority deciding that they don't want our community to have a voice and unilaterally preventing us from having one.

There might be a long ways to go, but as the fediverse grows it will continue to demonstrate its value as a viable alternative social media platform.

Cheers everyone! 🥂

 

tweet by @PhantomBlack699


$GME’s 10-Q filed September 6th 2023 indicates a high probability of an upcoming acquisition. I believe it will be $BBBYQ/BABY.

First let’s use our critical thinking applied with probability and numbers to form the basis for this assumption. I will use the size of previous 10Q’s:

10Q - 09/06/2023 – 267 Pages

10Q - 06/07/2023 – 27 pages

10Q - 12/07/2022 – 34 pages

10Q - 05/31/2022 – 25 pages

10Q – 12/08/2021 – 40 pages

10Q – 09/08/2021 – 42 pages

10Q – 06/09/2021 – 29 pages

Source: https://news.gamestop.com/sec-filings

We have a nearly 10x increase in the number of pages filed in the 10Q, the most recent being 267 pages and the word acquisition is mentioned 98 times within this 10Q.

What’s even more fascinating as me and @sboho discovered, was that the EXACT same legal wording in $GME’s 10Q has been used only once before, in an SEC filing by Signet here:

https://sec.gov/Archives/edgar/data/832988/000083298821000179/fy22ex1018x3x21secondamend.htm

Fun fact, Signet’s Bermuda registration number in the above link is 42069, what are the odds?

What did Signet do shortly after filing this word for word, legal template with identical excerpts? They made a strategic acquisition of Blue Nile. The same wording used by Matt Furlong in Q3 2022.

https://signetjewelers.com/investors/financial-news-releases/financial-news-release/2022/signet-jewelers-announces-strategic-acquisition-of-blue-nile-inc.-and-updates-fy23-guidance/default.aspx

It gets more fascinating here, Blue Nile was founded by Mark Vadon, who was also a chairman at Chewy.

https://linkedin.com/in/mark-vadon-9135634b/

So we have, identical legal wording not found in any other filings, in GameStop's extensively large 10Q, with the same legal wording Signet used before acquiring Blue Nile, whom the founder of was a chairman of Chewy with Ryan Cohen. Sounds like Gamestop is getting ready for a big acquisition.

$GME & $IEP’s share prices have been aggressively shorted recently, the parallels are pulling together to the apex of this play. Apotheosis is the destination.

Ryan Cohen’s vision for $BBBYQ wasn’t complete, he set contingencies in potentially funding them through Sixth Street, as speculated previously and the use of the now live global Teddy Trademarks.

The day Gamestop amended their credit agreement was May 11th 2023, the day before Ryan Cohen filed UK Teddy Trademarks. The day before he liked a meme posted by Pulte featuring Holly Etlin, Icahn & The Bed Bath & Beyond trolley.

The SEC also decide to probe into Ryan Cohen’s trade, a year after it occurred and days before the culmination of $BBBYQ’s Chapter 11.

Ryan Cohen still has a protective order for the disclosure of confidential and sensitive information, ongoing for a 15-month-old pump and dump allegation and short swing rule violation, despite this security ceasing to exist in its current form.

Until the bankruptcy court files a final decree under Rule 3022, the plan is open to change and a credit bid CANNOT be denied and the plan CAN be changed as long as it’s for the benefit of the debtors and doesn't FURTHER impair classes, which have already accepted a 0-2.5% projected recovery.

$GME earnings are in 10 days, the end is near. Unwavering Fucking Conviction.

[–] [email protected] 6 points 1 year ago (1 children)

Nice.

It's a worthwhile topic of discussion. Reddit has demonstrated repeated instances of censorship and opposition towards the efforts of investors of GME as well as BBBY / BBBYQ.

Here's a post from July 6 2023 by @beyond_mythos: The censorship state of reddit and subreddits - Part 1

Here's a post from myself of an account of events from June 2023 leading up to and immediately following the banning of the subreddit r/DRSyourGME.

The hive mind finds itself on all of the platforms. Not everyone likes each platform. Some people don't like X. Reddit will eventually kill or otherwise subjugate any subreddit that the opponents of these investors are threatened by. Lemmy exists and has some ideal properties, but most people probably don't find it very exciting and are not motivated to come here.

Still, the conflict goes on and social media is where it happens and every social media platform has its own pros and cons. It's in our interest not to necessarily rely upon any single platform, but to use all of them in all of the various ways.

I personally am a big believer in the long term success of the fediverse. Anyone here now is still an early adopter, but over time if the fediverse can demonstrate resiliency and also safe harbor from the possibility of corruption of a centralized authority, then it will grow and succeed. I think things like this happen in phases, like a growth curve.

the banning of theppshow subreddit will not be the last time that reddit violates members of this community. I'm not even suggesting to stop using reddit because unfortunately despite all of the valid complaints against reddit, that is still a major source and location of information sharing.

Our opponents will continue to do whatever they can to make it harder for us. We succeed by branching out and continue the business of information sharing on all platforms. They can't censor us everywhere.

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