My First Million Jack Smith on How r/WallStreetBets is Beating Wall Street - From the Archive
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Jun 22, 2023 The conversation kicks off with the dynamics of anonymity in online communities, illustrating the humorous mishaps of real names surfacing. Discussions float to the powerful influence of r/WallStreetBets, showcasing how they're outsmarting Wall Street. The narrative shifts to Grayscale's pivotal role in Bitcoin investments, and the innovative strategies of a prominent VC firm delving into media. Clubhouse's billion-dollar valuation raises questions about its future, while past success stories like Silkroad reveal a dark yet fascinating history.
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Apex Mishap
- Sam Parr joined the private online community Apex two weeks late and used his real name.
- He then asked for feedback, turning the pseudonymous platform into a Facebook group.
Hidden Identities
- Balaji Srinivasan predicts that real identities will be hidden online in the future, like social security numbers are today.
- People will use pseudonyms for work and social media to protect themselves from cancel culture.
True Names
- Jack Smith read a 1981 book, "True Names," which predicted the concept of pseudonymous online identities.
- The book described a future where revealing one's true name online carried significant power.
