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
This is all true But Before the meme, before the mania, there was a legitimate investment thesis there. Which at least puts it above crypto
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The existence of an actual vestigial company attached to the ticker, with stores and people who have to go in to work every day to make financial plans and pay the water bill makes it even more funny
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