I think that at least one good thing has come out of the drama of the Twitter escapades the last few weeks and that is, people like drama. Not only that, people act on the most ridiculous information, if companies really are "losing billions" in evaluations based off of Tweets.
Just think about the absurd nature of the trading markets if a Tweet saying something ridiculous like "insulin is now free" actually has an effect on the market. Instead of trying to stop the "8 dollar trolls" (which would be a great current Twitter account), perhaps people should be questioning how professional markets are reacting so heavily to Tweets.
Unverified. Mustn't be real.
Doesn't anyone have a problem with this though? People were complaining that Elon Musk was "manipulating the markets" with his Tweets about Doge and Bitcoin, but they were just influencing crypto idiots. But, it seems that at least crypto people were reacting to a real account with 100M followers, Wall Street traders are reacting to troll accounts....
WTF.
Sure, I get that some average people are duped into following and perhaps even retweeting, but in all seriousness, how are these accounts taken seriously and getting enough traction in a very short time frame to be able to influence the markets?
That seems dodgy AF!
Think about your own accounts on Twitter (if you have them) and how difficult it has been to gather followers, yet these troll accounts are able to within a very short time frame get followers, retweets and traction in the media.
Now this is interesting....
Look at this - a little bit of decentralization creeping in.
A web of trust.
Cross-reference all of the account interactions and much of the job is done automatically. Look at how they interact with their follower base, and more of the job is done. Have the organizations do manual verification work as well, and much of the issue disappears.
Not that it is an issue.
It is like these "data hacks" that are constantly in the news, where some hacker has stolen account information from an organization, because that information has a value attached to it and then, they blame the hacker. Yes, the hacker is to blame as they did it, but doing it is incentivized and expecting incentivized people not to act on the incentive is never going to work. And, knowing that people are incentivized to hack the data should mean that the data is sored in ways where hacks can't happen - because there is a known risk and it is up to the organization to do the risk mitigation work - do their job.
Blaming the incentivized is shirking the responsibility of the task, yet people are seemingly increasingly blinded by the shift. These aren't "isolated" cases, they are systematic components of the structure and they are driven by highly predictable human behavior. Offer a high enough reward for an activity and surprise, surprise - people will act.
You know it. I know it.
You act on incentive. I act on incentive.
And everyone has a price, with some willing to act quite poorly for very little.
When we live in a world where people are willing to shoot and kill others over a pair of sneakers, wrong colored clothes, or because they drew a cartoon, is it really any wonder that in an environment like Twitter, there are going to be trolls who are willing to say stuff for attention? As said, the real wonder is that supposedly finance professional are making billion dollar calls based on Tweets on a social platform where they know trolls are operating.
Now, what would be interesting to see is if before these tweets go out, if there are short orders being put in on the stocks. In a world where people are able to claim that national elections and voting counts are rigged, is it really that inconceivable that these are essentially corporate false flag events designed to do just what they are doing, and covering the tracks by shifting blame to a troll - who should never have been able to influence the markets?
The blue checkmark isn't the problem.
As ridiculous as it is to buy a verification that verifies nothing, blaming what is wrong with Twitter on that, is highly delusional. The real problem is that while people are focusing on this minutiae of importance, the largest plays are being made. It is a magician's trick, with the distraction to draw attention, being played while the cogs of the real mechanics are turning out of sight, out of mind, out of drama.
The reason the idea that trolls are able to get traction of our attention, is that we are having that narrative forced down our throats and we are only too willing to swallow, because we don't want to face the reality of the alternatives.
Taraz
[ Gen1: Hive ]
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Remember the Twitter is international, there is a massive user base in India
It is not that professional traders believe those tweets. A tweet like this is seen as an opportunity to profit from irrational market reaction. It is self fulfilling though. They believe others will drive the price down, so they act upon that prediction driving the price down.
Yes - it is not too far removed from people giving up their private keys in Discord - greed drives behavior and this preys on greed. But, no one seems to be questioning this side of the coin.
You know what it is like from a code perspective - trusting people to do the right thing, is never going to keep a blockchain secure.
This reminds me of Count of Monte Cristo and how he made Danglar go bankrupt by messing with telegraph news.
I have never read it - worth it?
yes, I like it a lot.
It’s evolving. Now there is additional tag like “official” beneath the name.
Why would Elon not collecting the due if people are willing to subscribe and pay for a blue check?
I wonder how many would actually pay.
That would be $8/month? Or would you like to supersize to the $16/month for the REAL real verified package? 🤣
Blue verified doesn’t mean anything, I always check to see the account creation date and the number of followers.
The people fooled are probably the ones who reply to those discord messages with all the emojis
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.
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.
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.
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.
trolls and memes galore on Twitter these days!
Probably about the same amount as before, it is just more convenient to give them attention at the moment.
It's funny how the Trolls are hitting it hard and I just don't know if you can really solve it. However, I do think these accounts are already banned but it doesn't change the fact that it did impact prices. I also don't think it was the only reason why the price went down but it could have been the catalyst.
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If an appliance in a home fails and starts a fire and the house burns down with everyone inside, is the problem the appliance, or the lack of fire alarms?
I think it's both. There are a lot of things going on and Elon is in for a rough ride. However, it doesn't look like Twitter performance has dropped much from the activity I hear about. So I think firing all those people didn't affect the bottom line of their company.
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The firings will add up later, if they truly weren't needed. I am guessing that the average salary at Twitter is pretty decent.
Whatt the actual fuck... This is a joke right?? Like seriously jaw dropped right now.. 😳😳
Imagine the buying opps😂😂 no im joking... However it's all down to musk now ain't it 😝
Still shocked as hell though
I find it incredible that despite what is going on - people are still using Twitter as a source of information :D
Can you imagine🙈 I only started using Twitter to share the hive posts on 🤣🤣 and check out a tweet from acidyo or theycallmedan.. More than that I don't really use it
Think about your own accounts on Twitter (if you have them) and how difficult it has been to gather followers, yet these troll accounts are able to within a very short time frame get followers, retweets and traction in the media - finally someone gets to speak about this . I thought it was only me doing the noticing . Something has to be definitely wrong somewhere.
The reason the idea that trolls are able to get traction of our attention, is that we are having that narrative forced down our throats and we are only too willing to swallow, because we don't want to face the reality of the alternatives - it all makes sense now ! Hence , this crystal clearly explains how the likes , rt(s) and more followers come into play! They effortlessly attract engagements ! Not all that glitters is gold though .
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Something is amiss at the very least.
As much as I laugh at this stuff, I know that it’s just another step in the road that the psychos pulling the strings are leading us down. Much like this FTX fiasco are funny to watch these shitbags squirm and go down for, I know that there was a lot behind the scenes that we are going to be losing out on because of it. I was reading somewhere that the billions that were funneled to Ukraine was just money laundering to SBF and his controllers. Similar with this twat shit, it’s a chain in the long one that we are being pulled towards for digital ID’s and people are cheering it on. People are easily manipulated so often! Damn it.
Most people don't see the problem with KYC, until it will impact on them. However, if a Tweet is affecting the markets, what is going to happen in other quantifiable areas?
The serious problem here is that anything can be manipulated. The idle people behind many platforms can destroy reputations, companies, careers, and even emporiums. We are wrong when we automatically consume and accept as a great truth everything we see on the networks. And the detail is that it costs to build, but it takes very little to destroy. Who will put the rattle on the cat? An excellent night, @tarazkp
Most people will never fact check what they read and often those that do, will be able to find "alternative facts" to back their agenda anyway.
A lot of Wall Street trading is automated and responds to keywords.
That tweet got a lot of coverage in the mainstream media, together with a discussion of why American insulin costs eight times what it costs in Europe and Japan and calls for regulation.
A trading bot seeing "Eli Lilly" and "regulation" in the same sentence will sell stock, because regulation means lower income streams.
And long-term, the bot might not be wrong, because insulin prices are now being discussed.
There is a problem here, no?
I don't use Twitter, but Trolls become very active after an event in a country, particularly politics. Paid bluetick wouldn't solve the problem as trolls are already paid accounts by some one.
This is definitely a political event - people just aren't paying attention to the right parts of it.
:)
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What good information you have given you have 110 out of 100 for me if I had to give you an assessment
That is a great score
Que feo todo espero q prontose recupere el mercado y deje de masacrar al prójimo