WallStreetBets vs WallStreet: It's not about the money anymore

Re:WallStreetBets vs WallStreet: It's not about the money an... by duxup on Thursday January 28, 2021 @10:20AM (#25943095)

I don't think he's arguing FOR stopping the trades. I think he's worried about the folks participating financial well being.

We worry about that (people's retirement savings and so on) anytime we see market corrections, a given company go under, and etc... it's not an unusual concern.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by mancerayder on Thursday January 28, 2021 @11:27AM (#25944359)

That's elitism. Which is fine, it's a legitimate position, to believe that you have knowledge that others don't, and others should be protected from themselves. And the Law can step in to enforce this protection. You can apply that to stocks, "gambling", drugs, sex, porn, hate speech, misinformation, and everything else.

And there are a number of countries that have that philosophy in legal form. I'm glad to have a choice NOT to live in those countries and I suspect most on HN are similar.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by duxup on Thursday January 28, 2021 @01:00PM (#25945890)

We have laws about scams and etc, is that elitism, or just that the population doesn't want scams?

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Re:WallStreetBets vs WallStreet: It's not about the money an... by llampx on Thursday January 28, 2021 @10:28AM (#25943283)

It seems like concern trolling tbh.

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Re:WallStreetBets vs WallStreet: It's not about the money an... by duxup on Thursday January 28, 2021 @10:28AM (#25943299)

I'm not entirely sure what you mean but I guess that would men that regulations are 'concern trolling'?

When I see 'concern trolling' I usually think of it as just a term slapped on something to hand wave and ignore it.

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