This is becoming a problem. We need to talk.

🗣 Discussion / Question

Here's my original post, for context. This is also blatant Ethos so you at least know I'm consistent.

Okay, I'm not gonna bitch your ears off this time around. Instead, I'm going to do a quick breakdown of the terms shilling, and discussion. I'll go ahead and tell you right now that I'm of the opinion that this is a GME sub, but I'll go into more detail on that in a second.

DO NOT IGNORE THIS DISCLAIMER:

Feel free to buy what you want. I'm not dissing your coin or your company or your decisions. You are completely free to invest in what you believe in, and I'm not trying to stop you from doing so. Also yes, I sound rude and have a "hall monitor" style of delivery. Get over it.

^(I'm not responding to anyone who's blatantly ignored the disclaimer. I refuse to stay up all night repeating myself again.)

Okay, now that that's out of the way...

People said in my last post that nobody was talking about or paying attention to LRC and I was making a big fuss over nothing. As many of you have seen now, that's just not the case; I made a prediction when I made my post that the shilling would get out of hand, and I was right. Let's tackle some of the key points I want to make here.

  1. There is too much shilling for LRC.
  2. There is not enough discussion about LoopRing.
  3. LoopRing is a company related to GameStop.
  4. LRC is not fucking related to GME.
  5. The other things we discuss here are related to GME, albeit some through speculation.

1. Too much shilling

Okay, so how do you define shilling? What the Hell is a shill? I've been called a shill. You've been called a shill. We've all been called a shill at some point. Here's what ducking the word "shill" gets you:

One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into participating in a swindle.

Well there you go. One who goes out of their way to appear as someone who made a ton of money or had an amazing experience doing a thing, whatever it is. The definition says, however, that the thing is a "swindle." What does Superstonk consider a swindle?

A swindle on Superstonk, to me, is anything that asks you to divert your attention from GME and spend your money elsewhere. This is regardless of the quality or reliability of whatever they're shilling. A good example is back when the dog-thing was pumping like crazy. There were a lot of shills trying to slither their way into the daily, the comments on posts, and everywhere else trying to get you to buy into it.

How many of you have seen people commenting about when they bought into LRC? How many of you have heard people talking about how much they made and how much higher they hope/think it will go? How many of you have seen people shilling for wallets and apps to tell people how to buy it? This is flat-out shilling, no thought needed. It's extremely easy to spot.

Literally there are other subs you can do stuff like this on. Keep this kind of talk over there. It doesn't matter that you "like this sub the most," if the sub doesn't like what you're using it for. Diversify the subs you look at, not the content of this one.

2. Not enough discussion

We all know at this point that LoopRing is highly likely to be partnered with GameStop in the making of their NFT platform/marketplace. We don't all know how the technology works, why it's so good, what makes it important, how to get involved, or how to understand when people start talking about it.

It took me quite a while to learn what gas fees were, and I'm still shaky on what the blockchain is. It'd be greatly beneficial to learn about NFTs and how they work, especially now that GameStop is probably implementing something with them in order to shake up the online market.

What exactly is a zkRollup (zero-knowledge is all I know)? How does LoopRing's technology vary from the next group? Why is Ethereum L2 involved? What the Hell are those addresses and long strings of text and how do they work? This is all stuff we should be talking about because it ties directly into GME's platform or marketplace in the near future.

3. LoopRing is a company

A company has people running it, making decisions, and pushing their technology forward. A company has business practices, places of operation, and connections to others in their sector. A company can be contacted, applied to, sued, destroyed by naked shorting, sent to the moon, what have you. LoopRing, as they are connected to GameStop, is a company that we should look into. The people in charge, their connections to the industry, their plans going forward, and their technology.

4. LRC is a fucking coin

I can't call up the US Dollar and have a discussion with it. I also can't go and sue the US Dollar. I can't review the US Dollar's 8k filing and make inferences about what it plans to do with it's business in the future. The US Dollar isn't developing an NFT platform using Ethereum L2.

LRC is a coin, through and through. Buying into it does not, in any way, affect GME or GameStop. You can tell me all day that it supports LoopRing and that, in turn, helps GameStop, but do you go and push the stock of tire companies because they support stores that deliver? Do you buy GME, or the stock of the companies that make the games they sell? I can tell you which one I buy because there's only one stock that directly supports the stock.

5. "B-b-b-but Burry and RRP! Baka!"

Shut the fuck up, will you? GME is so heavily manipulated that a slurry of other factors tie into what happens with it. The state of the economy is a huge factor considering GME's negative beta. When one domino (Evergrande) falls, it has the potential to take every other one down.

Remember when the bed stock shot up? What happened to GME? Basket-theory proven. Remember the correlation between volatility and GME mooning? What causes volatility other than world events and market events (pandemic, anyone)?

Burry is loosely related because he's well-known for shorting the housing market before the crash, which is loosely related (though vastly different) to what we're doing by holding a stock we love (weird how that breaks everything, right?), and he's mentioned GME a few times as well. I don't pay much attention to the guy, but a lot of people have deemed it important enough that he's stuck around.

As pointed out by u/3DigitIQ, holding a stock and believing in its success is not at all like betting on the downfall of an entire market. I think the only correlation really is believing in the research. In a fair, honest market, holding one stock shouldn't break the system, but these are some weird, majorly fucked up times.

Quick Summary

  • Shilling is anything that suggests pulling attention or money from GME.
  • Discussion is talking about the company itself, their technology, and how it affects GME.
  • LoopRing is not LRC. Leave LRC to its own sub and talk about the company here instead.
  • This is a GME sub, even if there's speculation on other things that do relate to GME.

Posted Nov 10, 2021, 5:27 PM UTC · edited

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