Their Tor have issues as i understand it.. eg redirecting to clearnet anf Old version and requiring phone number. But they say vpn would have solved it…
To quote
“ There's an important distinction here. Under Swiss law, email providers fall into a category which requires us to comply with certain legal requests. Swiss law does not have a provision which could force a VPN provider to log.”
“ With VPN the legal principle is different. Thousands of users might be using the same server, logging them all would be assuming everybody is guilty until proven innocent. This is considered to be disproportionate. In the email case, it is possible to request information on a specific user, and that is considered to be proportionate.”
> He seems to know enough that I don’t believe he’s scared of them finding his identity
I don't know about this but I agree that he doesn't seem to set out wanting to steal $600mio. Sounds like the typical "hacker" mentality where he's prodding around for security holes and just happened to find one.
Well, the hack didn't involve an inter-blockchain transfer. It was internal transfers carried out at the same time on ETH, Polygon and BSC networks, so each of them would require a separate hardfork to repair this.
I found a walk in Nature on the day after a changa(DMT+Harmala) was greatly enhanced. Somehow i would notise the leaves more like having better vision. Perhaps being more in the moment have to do with it.
Spend my evening going down the rabbit hole and trying to see what you have been up to for a few decades and seems your are pretty spot on and pretty informed on many things. But some of the things I stumble on also seems incoherent and perhaps that’s because you can fill in the blanks in your head but don’t write it or because you deliberately make it hard to decipher. If all you have said is true it’s quite impressive what you have seen over the years but I can also see that it can be hard to believe the way it’s communicated. I was wondering what happened between 2011 and now where your described this guy I think you are referring to as a great guy and I hope that if there is anything to your latest post that you would actually follow through with it and elaborate more on it.
You don't understand how disallowing people to buy into a stock causes the price to drop, or you disagree that disallowing the purchase of a stock causes the price to drop? From my perspective it seems rather straight forward that if you artificially limit demand and not supply, you'll almost always see price drop.
No, it's not going to pop no matter what, that's not how the market works - and presumably most everybody cares how it happens. Most people aren't big on artificial market manipulation.
This whole kerfuffle is a blatant publically advertised mass market manipulation effort. The reddit posts are still visible.
No one believed GME was worth over $40 a week ago, but now suddenly they pretend they honestly believe it's worth $300+? There's no book depth beyond the short squeeze.
If Valve made a full buyout offer at $100/share, management wouldn't take it?
if buying stock as an individual based on the recommendation of other, non-insider individuals, is artificial market manipulation to you - exactly what is "regular" trading to you?
(This is just a structured analysis on what is going on, not financial advice). Alright boys and girls, sit down while I tell you what on earth is happening.
It's a once in a lifetime historical event.... It's insane.
At least 1 hedge fund has gone bankrupt, thanks to a group of average joes on Reddit. By the end of the week, there will be a line of bankruptcies.
So let's start at the beginning:
First of all, stocks are pretty simple, when they go up in value, you make money, because it's worth more than you bought it for. Stock goes up- you make money. Stock goes down- you lose money. Short selling, is the opposite. Short selling makes money when the stock goes down in value. Short sellers borrow someone else's shares, and sell them, with the goal of buying them back later, and pocketing the difference as profit. So, Tim borrows Bob's shares in GME, and sell them for $10, he pays Bob $1 to do this, and promises to give all of Bob's shares back. Then, if the stock goes down to $5, Tim buys the shares back at a cheaper price. So Tim's profit is $10-$5-$1 = $4 profit. So that's where we start. A hedge fund tried to force down the price of Gamestop, and short the stock. It usually works fine. It's been done thousands of times, with no problems. So they shorted Gamestop (GME) from $20, to $10, to $4. Their greed kept compounding. They kept doing it again, and again, for months. Making billions of dollars, and almost bankrupting this company.
Enter Wallstreetbets. A trading/investing subreddit. Someone noted that these hedgefunds shorted 140% of all shares available. These hedgefunds were so damn greedy, they borrowed more shares than actually existed. That's how arrogant and dumb they were. They borrowed 140% of all the available shares. It was literally impossible for them to buy them all back. So someone on Wallstreetbets realized this, and told everyone. Now, the rule with short selling is that ALL those shares that they borrow, MUST be paid back. And so we reach our main story of how the hedgefund's greed ruined them.
Realizing that these hedgefunds shorted GME by a ridiculous amount, these Redditors (a bunch of regular Joes like you and me), bought every share they could get their hands on. Driving the price up as much as possible. Why? Because these hedgefunds eventually (within a few months) HAD to buy all those shares back, at whatever price they could get them. They didn't have a choice. So if they borrow a million shares, and sold them for $10. They made $10 million in immediate profit. But eventually, they HAD TO buy those million shares back. They didn't have a choice. That was the deal they made when they borrowed the shares. So these Redditors bought the shares, driving the price up, forcing these hedgefunds to buy back at crazy prices. Yeah, the hedgefund sold and made $10 million, but now they had to spend $147.98 million getting those same shares back. A HUGE FUCKING LOSS of $137.98 million.
So eventually, the due date for when these hedgefunds need to return the borrowed shares comes closer. And what do they do? They double down. They short MORE. Because they're sure that they can manipulate the stock enough to get it to crash, thereby saving themselves. Fast Forward a few days, every attempt to crash the stock fails. Oh it works temporarily, but not enough for them to save themselves. Everyone knows what they're trying to do, so people keep buying the stock. And with every additional bit of media attention, more and more people are buying the stock, destroying the greedy hedgefund in the process. Eventually Melvin Capital- a multi billion dollar hedge fund, needs a bailout, because it has lost so much money shorting GME. They borrowed billions off another hedgefund. That was yesterday. The stock price was $76.
Today, the stock ended up at $147.98 for every share. Up from $4. These hedgefunds are STILL shorting the stock, at 130% of available shares. That's how fucking greedy these guys are. All those millions of shares STILL have to be paid back. And that's where our story picks up. Hedgefunds are crying on CNBC, on CNN, on FoxNews. On literally every every platform they can get their hands on. They want the government to stop trading. They want this reddit forum investigated and banned. They're screaming ''market manipulation'', when in reality these hedgefunds were the ones manipulating the stock, but they got caught, and are now trying to take their ball and go home.
Now, if you haven't realized it yet: With a normal investment, when buying stocks normally, the maximum you can lose is your original investment. When short selling, your losses are theoretically infinite. Because you HAVE to buy back at whatever price is available. So while these hedgefunds are on every news channel, every investing segment screaming about Reddit and Wallstreetbets, they inevitably draw attention to themselves, and what's going on.
Enter the ''whales''- individual investors who can make a splash and impact the stock. Millionaires and billionaires that have a bone to pick with hedgefunds and short sellers. Elon Musk famously despises short sellers, because they tried to cripple Tesla so often. With a single tweet, Elon sent the share price skyrocketing from $147.98 to $230. And along with Elon Musk, a huge number of wealthy ''whales'' have started to jump in. Buying up HUGE amounts of stock, at crazy prices. But these investors don't care. They don't care how expensive they buy the stock for. Because they KNOW these hedgefunds MUST buy the shares back. For many of them, they don't actually care if they lose money. They just want to watch these hedgefunds burn.
So what happens next? No one actually knows. The hedgefund Melvin Capital is definitely bankrupt. They've already gotten one bailout. They probably won't get a second. As time goes on, and as hedgefunds fight to buy back as many shares as possible (driving up the prices more on each other), their bill will eventually be due, and they will have to return the borrowed shares. More will likely be bankrupt. But it's not guaranteed. Does this mean you should buy GME? I'm not gonna answer this question, because you obviously shouldn't be listening to strangers on the internet when it comes to your money.
There's a lot of upside to buying GME, but there's also a crazy amount of downside. Tomorrow the share could go back to $4 and you could lose everything. These shares are obscenely overvalued, and the only reason they keep going up is that people are gambling that the hedgefunds will buy them for a higher price (they likely will, but up until what point?).
It's a game of chicken.
When the game ends, the house of cards will crumble, and people will lose millions. This is not financial advice. This is just me trying to explain what the hell is going on right now. We're witnessing a once in a lifetime event that will undoubtedly change the markets, and how hedgefunds and other big businesses operate.
The only thing I can recommend is that you grab a beer, and keep an eye on GME and enjoy the fireworks.
Yeah, but the wishful thinking in the other threads I've seen was that by the time it popped, all (or most) of the holders would be the short sellers, not the wsb people who pumped it up. In that sense it would be "fine".
> You think a lack of volume from retail traders on Robinhood is the cause of the drop? To put it mildly, that's a little naive.
You think that the presence of volume from retail traders of Robinhood wasn't the cause of the increase to begin with? To put it mildly, that's delusional.
I’m pretty sure all of the GME bubble is driven by retail, and since most retails prevented new buy orders then yeah, it affected the price action. Remember, GME is small.
To quote
“ There's an important distinction here. Under Swiss law, email providers fall into a category which requires us to comply with certain legal requests. Swiss law does not have a provision which could force a VPN provider to log.”
“ With VPN the legal principle is different. Thousands of users might be using the same server, logging them all would be assuming everybody is guilty until proven innocent. This is considered to be disproportionate. In the email case, it is possible to request information on a specific user, and that is considered to be proportionate.”
https://www.reddit.com/r/ProtonMail/comments/pil6xi/climate_...