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RE: 8-Dollar Troll

in LeoFinance2 years ago (edited)

Is anyone actually blaming the trolls? I haven't seen anyone do that personally. Instead I've seen lots of people dunking on Elon for deploying his ideas directly to production without any quality control.

Twitter has spent a decade becoming a trusted source of information for professionals to act on quickly. I don't blame anyone in the finance sector for acting on information they thought was accurate, especially it situations where every second counts.

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Elon is one of the trolls, remember?

I dont think many professionals would use twitter to make billion dollar calls, and if they are without verifying, they deserve their outcomes.

What is interesting is the traction and subsequent reaction to new accounts. These accounts are brand new and getting support, so it would be interesting to see who are their first followers and follow their behaviour. I suspect there is a web of the distrusted too.

I actually do think professionals are using Twitter to make billion dollar calls, not because it's the smartest way to do business, but because its so hugely important for them to frontrun the normies. The whole buy the rumour sell the news thing. Same reason they're watching the news all the time too, even though they all know that the news is usually just there to explain the market movements that they've already profited from.

I'd argue that that these accounts are not usually brand new, but an account with an existing following that changes its name and details and then forks out the most market moving $8 ever.

Elon is one of the trolls... but he also might now be the most trolled person in all of history, it definitely feels like a whole lot of Twitter users are doing their best to break him.

I actually do think professionals are using Twitter to make billion dollar calls, not because it's the smartest way to do business, but because its so hugely important for them to frontrun the normies.

This is what I mean about questioning reviewing the processes. If you know there is a riot at the local supermarket, you would likely go somewhere else to pick up milk.

it definitely feels like a whole lot of Twitter users are doing their best to break him.

I would argue it isn't the users as much as the media in general giving it all airtime. They thrive on and monetize drama, so will milk and create as much as possible.

Oh, and when I say "blame the trolls" I mean the ecosystem of trolls, including the checks and balances.