foodjinn

Because rubbing your chin doesn't accomplish anything, messing around with stuff does.

>The 5 mods running an average of 18 top-100 subs each are not going to be as tough to replace as people think they are, the reality is at that scale you’re not managing anything operationally on a day to day level, you’re setting up a script.

Those mods are active 20+hours a day, there is no chance they are actual people.

The power mods that are pushing the blackout run something like 80% of the entire site.

I honestly don't see how they allowed this to happen in the first place.

Reddit was already consolidated prior to this, the moderators in question and the subs that are shut down are run by the same handful of moderators that run the entire site. Something like 20 people are the top mods of 80+% of the subreddits.

It's naive to believe they are just volunteers either given how many of them are active for 20+ hours a day, and how moderation on some of the big subs are done in such a way that is effectively consensus making. Almost certainly some, if not most of the biggest power moderators on the site are run by multiple people, potentially other corporations or government agencies.

The old/wild internet is dead and buried, and it was before this blackout too. The API changes certainly aren't good, but let's not kid ourselves that Reddit's main moderators organizing the blackout are anything like volunteer mods of old.

The SEC isn't catching up to it when they've explicitly refused to clarify to both the people they are trying to regulate and the lawmakers themselves on what they determine to be a security.

The SEC created a situation by which any action could be deemed criminal and only decided to regulate when it was politically expedient to do so.

There is no reason to believe they are doing this on behalf of protecting investors, because investors have consistently asked for clarity and the SEC refused to do so, and are only now going after the large exchanges after a rash of traditional finance banking failures.

For all of the criticisms against crypto, there is zero reason to believe the SEC is operating in good faith because they have shown time and time again they are not.

I fail to see how that isn't the case when Gensler went to bat for FTX prior to their collapse in similar fashion to the way the SEC behaved in 08, refuses to clarify surrounding the second largest coin in the market, and then comes down on exchanges after years of refusing to clarify what is or is not illegal conduct.

They created a situation in which they can choose winners and losers and people are surprised that they're viewed as corrupt?

Asinine.

Also worth pointing out the SEC's involvement in the subprime mortgage collapse.

And neither is justifiable cause for regulatory action.

I don't think this is the reason the SEC is going after Coinbase, but frankly I don't believe the SEC is doing any of this on the behalf of "protecting investors".

The SEC had a hand in the subprime mortgage crisis, quite literally there is no reason to believe they are regulating on the behalf of anyone except the large banks. They absolutely are not regulating to help "investors" they are regulating to protect big banks like JPMC, just like they did in 08.

Mastercard and paypal have both shut down legal activity in the last 4 years on the backs of government decisions or targeting legal, but politically inconvenient activity and there seems to be no slowing down on that avenue. Pornhub is one recent major example of that.

The idea that it's just criminal enterprises that benefit from being able to participate in markets without interference is laughable at best given the increased interconnectedness between banks and the regulators themselves, especially not even 6 months after a rash of major banking failures within the traditional financial markets.

There is very little reason to have a favorable opinion of the SEC following the 08 collapse given their own hand in it or the banking failures existing now, especially when they refuse to clarify their position on what is or is not a security so people CAN legally operate in the space. It appears to many both inside and outside of the space that the SEC is wielding its regulatory arm to create winners and losers, and with their own track record it's a failing proposition.

It may be hyperbolic, but the holocaust was a legal activity in Nazi occupied territory.

Not that they are clueless, that they are corrupt.

You are describing the google app store as well.

It really isn't, it's just an extension of the flawed mentality that people like Munroe exhibit.

The reality is that speech is ALWAYS a slippery slope, and those who believe it isn't are always surprised when they become the next target.

The real trick is that the comic has always been about what is "acceptable" content, which in the US is what advertisers deem acceptable.

When this comic was first printed it was partially a response to big platforms like Reddit having massive waves of bannings. It has always been about systems that are advertiser friendly, even if Munroe is too dense to realize that.