Blockchain / Social Media / Finance
Reddit’s WallStreetBets Plans To Decentralize
Here is what this could mean
It looks like Reddit’s WallStreetBets community is splitting up. The subreddit is now known to the whole world thanks to the GameStop pump.
Now the moderators of the forum have split up — a part of them has big, exciting plans, according to their Twitter.
Until a few weeks ago, the Twitter account wsbmod was the official account linked in the subreddit. Another one is listed on Reddit, which is considered the official mouthpiece of the mods on Twitter.
The former mods behind wsbmod are probably planning to decentralize WallStreetBets — here’s what that means and why they want to do it.
What does decentralization mean?
It is a term that is really only known from the world of cryptocurrencies.
In our traditional financial system, everything is organized centrally. The value of our money depends on how much we trust institutions like the state and banks. The WallStreetBets subreddit is centrally…
