I mean, if it was some kind of open source medical software that tried to play into the essential oils nonsense I would feel the same way. If you want to be a legitimate product don't associate yourself with the kooks
Reddit's movement is organic. It may be silly, it may be misguided, it may be doing more harm than good, but people are uniting against institutions that have been taking advantage of little guys. If you are disgusted by the predatory nature of the financial system that monetizes information asymmetry, why not join the movement and help leveling the playing field?
I think most of the people underestimate the Reddit crowd.
If you scroll through the reddit posts, 9 out of 10 are shit posts. But that other one is actually really good DD, by retail traders with 9-5 jobs that go a long way to understand what's going on under the hood. Not conspiracy theories, but actually backing up by data.
However, I agree with you guys that if we want to become more "legitimate" we need to consider a change in the name. Although our intention remains the same, to combine our efforts and leverage data to the average retail trader that can't afford a Bloomberg terminal, or even a paid subscription to another SW.
How do you change the system without a movement? What are the better ideas?
Outside of democratic movements nothing works. I would not be comparing this to essential oils. Democratic movements have difficult developments. Sabotage, sophists, scammers are all the issues many democratic movements have to deal with. Movements are what they are. A lot more people were and will be hurt in Hong Kong protest. People will be hurt with or without a movement. With a movement people have a chance. The system will always paint the movement as a caricature.
This has happened again and again throughout history. Where a movement caused a system change. For instance, Carnation Revolution which led to Portugal being a democratic country.
And this is already happening on the stock market, where the system is being re-considered due to the nature of shorting. As Elon Musk put it "u can't sell houses u don't own u can't sell cars u don't own but u can sell stock u don't own!?"
If retail traders start buying a stock just due to it being low float and heavily shorted, the system will have to adapt... There's not much a Hedge Fund can do, when you talk about millions of retards buying shares because "they like the stock".
Maybe few people who know a thing or two about writing open source code will get together with a few who know a thing or two about markets and trading. Maybe some open source tools that everyone can use will emerge. Is that too grand?
