The right way to think about GME is that it's a cryptocurrency that happens to have a stock ticker. The fact that it doesn't have to rely on cumbersome blockchain theater is a bonus
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The development of purely speculative meme stocks that tap into cryptoculture without having to do all the messy business of hashing is a Copernican breakthrough in modern finance on a level with the invention of the artificial tulip
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There's no way yet to use GME or TSLA stock to collect ransomware payment or try to hire a hit man who is really an FBI agent, but these are small and fixable deficits in what is a promising new avenue of investment in nothing
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Replying to @Pinboard
Yes but how can I every day burn a whole town’s worth of electricity with GME or TSLA?
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Replying to @Monsterbeard
Something something Texas
12:00 PM - 9 Mar 2021
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