<2021-10-28T19:18:29.000Z> dew_the_dew: you are aware about the speculation re: GME doing an NFT dividend right?
<2021-10-28T19:22:39.000Z> Moon@shitposter.club: no
<2021-10-28T19:22:47.000Z> Moon@shitposter.club: I heard about them doing a marketplace
<2021-10-28T19:23:02.000Z> dew_the_dew: overstock did a crypto divvy march 2020 or so
<2021-10-28T19:23:13.000Z> dew_the_dew: so obviously you know about how overshorted gamestop was
<2021-10-28T19:23:17.000Z> dew_the_dew: (is)
<2021-10-28T19:23:45.000Z> dew_the_dew: anyway when a dividend is issued any party that has borrowed a share for shorting has to deliver the divvy to the actual owner of the stonk
<2021-10-28T19:24:04.000Z> dew_the_dew: and in 99.9% of cases they just cough up the cash if they want to keep their short position open
<2021-10-28T19:24:29.000Z> dew_the_dew: overstock did a crypto divvy with no real clear cash valuation and look at their chart around that time
<2021-10-28T19:25:00.000Z> dew_the_dew: patrick byrne known Q-tard also made a gr88 vid about naked shorting and the DTCC back in 2006
<2021-10-28T19:26:16.000Z> dew_the_dew: pissed off hedgies sued overstock twice for this move and the 2nd time it was dismissed with prejudice which means a case like that brought to court again won't even see a courtroom
<2021-10-28T19:26:58.000Z> dew_the_dew: if GME issues a unique NFT as a divvy for every share they have issued to celebrate their new marketplace shorts will be forced to close.
<2021-10-28T19:27:03.000Z> dew_the_dew: it's the nuclear option.
<2021-10-28T19:27:25.000Z> dew_the_dew: because parties with short positions have no other way to acquire the dividend.
<2021-10-28T19:28:04.000Z> dew_the_dew: there is also language in gamestop's Q2 report about how they will pull their shares out of a depository if it's shown they are mismanaging their shares.
<2021-10-28T19:28:26.000Z> dew_the_dew: and honestly from all i've learned about the shady shit going on in the traditional markets they desperately need blockchain
<2021-10-28T19:28:36.000Z> dew_the_dew: it's ridiculous
<2021-10-28T19:36:59.000Z> dew_the_dew: or maybe you're not interested
<2021-10-28T20:57:10.000Z> Moon@shitposter.club: sorry had to step away, reading now
<2021-10-28T20:58:33.000Z> Moon@shitposter.club: so how to take advantage of this?
<2021-10-28T21:45:04.000Z> dew_the_dew: Buy gme
<2021-10-28T21:48:43.000Z> Moon@shitposter.club: got it
<2021-10-28T22:42:05.000Z> dew_the_dew: If possible direct register your shares on Computershare some brokers may get ducky if this gets crazy.  At work on phone will elaborate later if you want.
<2021-10-29T01:19:19.000Z> dew_the_dew: anyway when you buy from a broker you are basically buying a contract that is an IOU
<2021-10-29T01:19:28.000Z> dew_the_dew: and from what it looks like a lot of brokers may not have actual shares
<2021-10-29T01:19:52.000Z> dew_the_dew: when you buy from a broker the shares are registered in the broker's name, and that is basically why they have insurance
<2021-10-29T01:20:03.000Z> dew_the_dew: when you buy through computershare the shares are registered in your name
<2021-10-29T01:20:10.000Z> dew_the_dew: i have half of my stack in computershare
<2021-10-29T01:30:47.000Z> Moon@shitposter.club: oh, got it
<2021-10-29T01:30:57.000Z> Moon@shitposter.club: I'm not sure I'm gonna do it but I'm gonna look at this closely
<2021-10-29T01:31:13.000Z> dew_the_dew: r/superstonk and there is a constant /GME thread on /biz
<2021-10-29T01:31:28.000Z> dew_the_dew: there was a lot of drama on plebbit and it's shilled heavily
<2021-10-29T01:31:45.000Z> dew_the_dew: you basically aren't allowed to post about GME on r/wallstreetbets
<2021-10-29T01:32:18.000Z> dew_the_dew: but the hedgies were betting on gamestop going bankrupt
<2021-10-29T01:32:23.000Z> dew_the_dew: and that didn't happen
<2021-10-29T01:32:49.000Z> dew_the_dew: they actually caught a lot of shit in the press for staying open during the 'pandemic'
<2021-10-29T01:33:19.000Z> Moon@shitposter.club: yeah I remember that, they said they were an essential business lol
<2021-10-29T01:33:32.000Z> dew_the_dew: yes the shorties didn't like that
<2021-10-29T01:33:55.000Z> dew_the_dew: ryan cohen who founded chewy bought a controlling amount of shares and is now chairman of the board
<2021-10-29T01:34:11.000Z> dew_the_dew: this is the superjew who took on amazon with pet supplies and won
<2021-10-29T01:34:56.000Z> dew_the_dew: and it's become apparent (to me at least) that a lot of these hedgies were indiscriminately shorting a lot of companies that were amazon competitors
<2021-10-29T01:35:09.000Z> dew_the_dew: maybe in cahoots with bezos he came from that world but who knows
<2021-10-29T01:35:43.000Z> Moon@shitposter.club: so the idea is that gamestop successfully pivots before going bankrupt?
<2021-10-29T01:36:02.000Z> dew_the_dew: well they issued shares twice earlier this year
<2021-10-29T01:36:08.000Z> dew_the_dew: and now have 2 billion in cash
<2021-10-29T01:36:12.000Z> dew_the_dew: so that's not happening
<2021-10-29T01:36:42.000Z> dew_the_dew: i think they increased the total amount of shares by less than 10%
<2021-10-29T01:36:53.000Z> dew_the_dew: vs. AMC which like quadrupled the shares in existence
<2021-10-29T01:36:57.000Z> dew_the_dew: AMC is the nigger play
<2021-10-29T01:37:04.000Z> dew_the_dew: they can't do basic math
<2021-10-29T01:37:07.000Z> dew_the_dew: it's a distraction
<2021-10-29T01:38:05.000Z> dew_the_dew: what they did in january, turning off the buy button for retail, would not cause forced closing of short positions
<2021-10-29T01:38:11.000Z> dew_the_dew: but they wanted everyone to go away
<2021-10-29T01:38:15.000Z> dew_the_dew: and it didn't work
<2021-10-29T01:38:33.000Z> dew_the_dew: it was the equivalent of when they jammed the control rods in chernobyl when it was starting to melt down
<2021-10-29T01:38:46.000Z> dew_the_dew: it delayed things a bit but made the problem much worse
<2021-10-29T01:39:11.000Z> dew_the_dew: they also changed the way that short interest % was calculated so that it could never exceed 100%
<2021-10-29T01:39:30.000Z> dew_the_dew: in the court documents against robinhood it was 225% shorted
<2021-10-29T01:39:45.000Z> dew_the_dew: and honestly who the fuck knows it's all kosher math
<2021-10-29T01:40:21.000Z> dew_the_dew: youtube.com/watch?v=qtkaMx12otQ
<2021-10-29T01:40:36.000Z> dew_the_dew: this is a lecture from patrick byrne founder of overstock.com who went Qtard last year
<2021-10-29T01:40:41.000Z> dew_the_dew: from 2006
<2021-10-29T01:40:55.000Z> dew_the_dew: overstock was pretty obviously in the 'amazon competitor being naked shorted' category
<2021-10-29T01:41:26.000Z> dew_the_dew: this shit has been going on for a long time and they may get caught with their pants down in a very big way
<2021-10-29T01:41:58.000Z> dew_the_dew: talking like forced buying of shares where there is no single party to negotiate with like there was with the volkswagon short squeeze.
<2021-10-29T01:42:27.000Z> dew_the_dew: it could legit turn into a 'name your price' scenario.  so if it happens it will be a wild ride.
<2021-10-29T01:42:43.000Z> dew_the_dew: "that will be one gorillon dollars please'
<2021-10-29T01:43:32.000Z> dew_the_dew: anyway dyor lmk if you have questions
<2021-10-29T01:43:52.000Z> dew_the_dew: it's a 180$ lottery ticket
<2021-10-29T01:44:33.000Z> Moon@shitposter.club: thanks. I appreciate it.
<2021-11-02T23:06:36.000Z> dew_the_dew: *ahem* told you
<2021-11-03T19:06:11.000Z> dew_the_dew: old.reddit.com/r/Superstonk/comments/qm1fe3/vp_merchandising_of_gamestop_at_nftnyc/
<2021-11-05T08:33:29.000Z> Moon@shitposter.club: what did I miss, looks like they deleted it? 
<2021-11-05T14:28:32.000Z> dew_the_dew: the head of merch at gamestop was at the event
<2021-11-05T14:29:11.000Z> dew_the_dew: there was a lot of speculation but i'm guessing he was probably just schmoozing and maybe recruiting
<2021-11-05T15:09:28.000Z> dew_the_dew: this collaboration with loopring and some sort of NFT gaming/collectible marketplace is all but inked though.  really just waiting on announcement.
<2021-11-05T15:09:44.000Z> dew_the_dew: if they then offer an NFT dividend anyone shorting the stock is fubar.
<2021-11-05T15:11:42.000Z> Moon@shitposter.club: maybe I put in some then
<2021-11-05T15:13:15.000Z> dew_the_dew: that's what i'm saying, if you don't fuck with options or margin and just cash buy your downside is very limited and your upside is potentially ridiculous. 
<2021-11-05T15:13:42.000Z> dew_the_dew: if the theory is right (and i think it is) there are a lot of naked GME shorts out there which effectively translates into counterfeit shares
<2021-11-05T15:14:32.000Z> dew_the_dew: normally with a cash divy someone who has borrowed a share to short it has to either close the short and return the share, or pony the cash up to the owner of the share
<2021-11-05T15:15:08.000Z> Moon@shitposter.club: yeah I think that's probably the case
<2021-11-05T15:15:49.000Z> dew_the_dew: a unique NFT minted for each issued gamestop share 1:1 absolutely rekts them
<2021-11-05T15:15:58.000Z> dew_the_dew: they can't deliver it or a cash equivalent
<2021-11-05T15:16:00.000Z> dew_the_dew: they have to close
<2021-11-05T15:16:21.000Z> dew_the_dew: if they have shorted more shares of the company than actually exist they have to buy back every share that exists multiple times over.
<2021-11-05T15:16:51.000Z> dew_the_dew: it sounds retarded to someone form the outside looking in until you actually research it.
<2021-11-05T15:16:56.000Z> dew_the_dew: much like the holohoax.
<2021-11-05T15:17:29.000Z> dew_the_dew: and honeslty if gamestop does this a lot of other companies are going to start doing it as well
<2021-11-05T15:17:58.000Z> dew_the_dew: as they should because this will have amply demonstrated that the current market structure is completely broken and we need some sort of blockchain solution.
<2021-11-05T15:19:17.000Z> Moon@shitposter.club: flight taking off soon, will lose internet in a few minutes
<2021-11-05T15:19:28.000Z> Moon@shitposter.club: I hope they do
<2021-11-05T15:19:33.000Z> dew_the_dew: have a nice flight and WEAR YOUR MASK
<2021-11-05T15:19:40.000Z> dew_the_dew: WEAR 10 MASKS
<2021-11-05T15:19:59.000Z> Moon@shitposter.club: haha
<2021-11-06T17:37:55.000Z> dew_the_dew: reddit.com/r/loopringorg/comments/qnr75k/thats_it_gg_this_is_nuts/
<2021-11-10T20:45:10.000Z> dew_the_dew: GME nigger
<2021-11-13T16:44:37.000Z> dew_the_dew: i'm joking about monero but i just saw some post that looprings L2 wallet handles NFT shit with virtually no gas and instantaneously
<2021-11-13T17:22:34.000Z> Moon@shitposter.club: awww I hoped they would use eth, I am less interested now
<2021-11-13T17:22:44.000Z> Moon@shitposter.club: I know gas is crazy high now though
<2021-11-13T19:34:53.000Z> dew_the_dew: yeah but it's still eth, just an offchain solution to the gas fees and tx time problems
<2022-08-03T17:33:20.000Z> dew_the_dew: what, do you not rizon?
<2022-08-03T19:20:48.000Z> Moon@shitposter.club: i don't habitually do any irc, i just do our own because its ours
<2022-08-03T19:21:19.000Z> dew_the_dew: oh
<2022-08-03T19:21:27.000Z> dew_the_dew: well you should still come to #apples on rizon
<2022-08-03T19:25:32.000Z> Moon@shitposter.club: i'll pop in sometime