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The early days of WSB were much different compared to what it is today. It used to have some really smart people doing quality research and putting their money
by internet101010 3y ago
The early days of WSB were much different compared to what it is today. It used to have some really smart people doing quality research and putting their money where their mouth was with large bets. As it grew and more new traders came in, the new traders started pumping out half-baked ideas to make a name for themselves and the other new traders followed and lost their life savings. Honestly I think that the focus on memes is partially to blame.
All of the people that were originally in WSB left and went to a couple of smaller subreddits and/or a collection of small discord servers.
- twiceaday 3y ago“Any community that gets its laughs by pretending to be idiots will eventually be flooded by actual idiots who mistakenly believe that they're in good company.” - Earnest Hemingway
- PoignardAzur 3y agoEarliest source I've found for this quote is a 2009 HN discussion. (And indeed, it seems like a very internet-ish kind of quote.) But yeah, sounds about right.
- l33t7332273 3y agoIt really is an internetish quote. How many communities got their laughs by pretending to be idiots in the days of Hemingway?
- satvikpendem 3y agoIt's simply a variation on Poe's Law, which origin is from 2005.
- wlonkly 3y agoI thought that quote was from the Buddha. (Well, he said "Any sangha..." but still.)
- mettamage 3y agoWhat Discord servers and subreddits would that be?