Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

n(billionaires) > 1.


Okay. So when you say:

> Billionaires can remain solvent longer than you can remain irrational.

It just sounds really disingenuous when we're talking about Melvin Capital and you agree they're going to lose all their money.

Nobody is claiming all billionaires are going away because of this trade. The point is some billionaires will lose money on this trade.


That's the point you're making.

The point I'm making is that Melvin is going under, a few Redditors will make money if they get out in time, but the eventual impact of this will be a different set of billionaires gets richer while most Redditors are going to be stuck holding the bag.

Which isn't exactly the "Reddit gets rich off of evil billionaires" narrative that's being sold. And it makes the diamond hands strategy all the more foolish when literally the only way Redditors will actually stick it to the billionaires is if they all manage to get out in time. Diamond hands as a strategy just makes WSB the eventual suckers donating their money to the funds who shorted at $400.


Again, for many people it's not about making money.

And many (most?) people are aware that billionaires will still get rich on this trade.

You keep explaining this to me as if it's something I don't already know. The part you are failing to understand is we hold fundamentally different values.

Diamond. Fucking. Hands.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: