4 ms·

Likely related to Dogecoin's rise (Reddit also had a bad outage during GME's rise.)

Dracophoenix 6y ago
More like Star Wars day.
wcchandler 6y ago
I don’t think it’s just Dogecoin. Superstonk was speculating on some stuff happening today in the markets. Not sure on the details unfortunately.
creamyhorror 6y ago
I suspect so, too. Crypto and dogecoin in particular is going crazy, driving masses of comments. And tech stocks (and much of the market) are having another terrible day. Well, I guess it's back to Digg for us! Or maybe Google+?
- mdoms 6y ago
  Digg is actually very good nowadays. It turns out that hand curated content is just superior to a soup of low effort user generated garbage and AI curated click bait.
  - kossTKR 6y ago
    Thanks for the digg tip, haven't visited in years, looks good. Reddit still has great subreddits but it's so much harder to sift through the garbage these days. Does anyone else thing there is space in the market for a place between hand curated content / aggregators? For me it seems like people are really wanting more curation, especially because of the ever increasing torrent of low quality content. Some kind of curation platform? It's like we went too far on the spectrum away from flow-TV towards "too much clicking and choosing", not sure if this is the case for younger demographics though.
    - bozhark 6y ago
      Reposts. When you’re site’s 80% reposts, the only people interested are new. People don’t stay new for long
gremlinsinc 6y ago
I don't get the dogecoin rise.... i mean can't anyone easily mine unlimited coins so ...it'll always inflate again, it doesn't have "deflation" like bitcoin/ethereum because of limited supply.
- namrog84 6y ago
  While it can and does inflate. There is a reasonable calculation at the rate of inflation(e.g. they know approximately how many new coins will be mined per year) So its priced on. And a lot of the spike and gains have been on too short of a time scale to be effected by it.
neither_color 6y ago
I don't understand, what's the relation or conspiracy here? The bulk of trading is done by WSB-types and reddit shuts down to cool them? Doesn't seem worth it since the overwhelming majority of users are probably not traders of anything.
- EpicEng 6y ago
  It's nonsense, just people who see something happen once and continue to make nonsense assumptions. "Last time there was en eclipse my power went out, therefore the eclipse caused it"
  - minimaxir 6y ago
    Given that Robinhood and related brokerages are down for the same reason (again, also happened with GME), it's a better hunch than most.
    - EpicEng 6y ago
      What's the connection between RH, Citadel, and Doge? Yes, it happened during GME, but they had a vested interest as GME short sellers and no actual connection between them and reddit downtime was ever established. Now we're talking about crypto and making the same assumptions. It's no different than all of the kids on reddit with 2 months experience in the market who now believe they can spot a short squeeze coming.
- retrac 6y ago
  I think the suggestion is they're basically being Slashdotted. The platform seems to have issues particularly when a subcommunity suddenly becomes very active. Reddit is a very popular site, but is not usually subject to big spikey influxes of new visitors, just the regulars. So when a subreddit gets in the news big time (like with WallStreetBets) the site tends to crash.
AceJohnny2 6y ago
What is the causality?
- minimaxir 6y ago
  Overload due to TO THE MOON rocketship-emoji rocketship-emoji spam.

More like Star Wars day.

I don’t think it’s just Dogecoin. Superstonk was speculating on some stuff happening today in the markets. Not sure on the details unfortunately.

creamyhorror 6y ago

I suspect so, too. Crypto and dogecoin in particular is going crazy, driving masses of comments. And tech stocks (and much of the market) are having another terrible day. Well, I guess it's back to Digg for us! Or maybe Google+?

mdoms 6y ago
Digg is actually very good nowadays. It turns out that hand curated content is just superior to a soup of low effort user generated garbage and AI curated click bait.
- kossTKR 6y ago
  Thanks for the digg tip, haven't visited in years, looks good. Reddit still has great subreddits but it's so much harder to sift through the garbage these days. Does anyone else thing there is space in the market for a place between hand curated content / aggregators? For me it seems like people are really wanting more curation, especially because of the ever increasing torrent of low quality content. Some kind of curation platform? It's like we went too far on the spectrum away from flow-TV towards "too much clicking and choosing", not sure if this is the case for younger demographics though.
  - bozhark 6y ago
    Reposts. When you’re site’s 80% reposts, the only people interested are new. People don’t stay new for long

gremlinsinc 6y ago

I don't get the dogecoin rise.... i mean can't anyone easily mine unlimited coins so ...it'll always inflate again, it doesn't have "deflation" like bitcoin/ethereum because of limited supply.

namrog84 6y ago
While it can and does inflate. There is a reasonable calculation at the rate of inflation(e.g. they know approximately how many new coins will be mined per year) So its priced on. And a lot of the spike and gains have been on too short of a time scale to be effected by it.

neither_color 6y ago

I don't understand, what's the relation or conspiracy here? The bulk of trading is done by WSB-types and reddit shuts down to cool them? Doesn't seem worth it since the overwhelming majority of users are probably not traders of anything.

EpicEng 6y ago
It's nonsense, just people who see something happen once and continue to make nonsense assumptions. "Last time there was en eclipse my power went out, therefore the eclipse caused it"
- minimaxir 6y ago
  Given that Robinhood and related brokerages are down for the same reason (again, also happened with GME), it's a better hunch than most.
  - EpicEng 6y ago
    What's the connection between RH, Citadel, and Doge? Yes, it happened during GME, but they had a vested interest as GME short sellers and no actual connection between them and reddit downtime was ever established. Now we're talking about crypto and making the same assumptions. It's no different than all of the kids on reddit with 2 months experience in the market who now believe they can spot a short squeeze coming.
retrac 6y ago
I think the suggestion is they're basically being Slashdotted. The platform seems to have issues particularly when a subcommunity suddenly becomes very active. Reddit is a very popular site, but is not usually subject to big spikey influxes of new visitors, just the regulars. So when a subreddit gets in the news big time (like with WallStreetBets) the site tends to crash.

AceJohnny2 6y ago

What is the causality?

minimaxir 6y ago
Overload due to TO THE MOON rocketship-emoji rocketship-emoji spam.