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David Sacks on WallStreetBets as Parler 2.0 & the slippery slope of censorship

January 30, 202101:39
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wall street bets is parlor 2.0 right and and what  happened as soon as wall street bets started which  
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is the the reddit kids they started threatening  and they wounded these powerful insiders these  
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rich you know hedge fund magnates what happened  they started getting banned off of discord they  
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got discord as a tech company to kick them off how  did that happen they've been talking on there for  
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months and all of a sudden just magically right  at the critical moment where they're also not  
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allowed to trade their free speech gets cut off  that's a that that was deliberate now i'll tell  
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you how it happens is i guarantee you what  these hedge funds did is they went through  
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the discord room and they screenshotted you know  any post that they could plausibly characterize  
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as you know hate speech or what have you and you  know and and by the way i mean those there's a lot  
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of raunchiness in these rooms but it's not hate  speech and it's not organized for the purpose of  
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hate it's organized for the purpose of trades but  what they do is they weaponize these censorship  
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rules and they go in and they screenshot and  then they give it to discord and they get these  
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guys kicked off and this is exactly what i've  been talking about with censorship it starts  
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with something you like and then becomes  something you don't how many of the people  
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who support these you know reddit kids were in  favor of de-platforming trump and parlor and now  
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they can see where it goes this is a slippery  slope and we've only had to wait three weeks  
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to see where it goes it goes to the same place  which is when the people in power get threatened  
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they use these rules they weaponize these rules  to shut down the outsiders and the upstarts  
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that is a problem with censorship that is  why you cannot let the beast get started

Podspun Insights

In this episode, the conversation dives deep into the world of Wall Street Bets and the implications of censorship in the digital age. The host unpacks the dramatic clash between the Reddit community and powerful hedge fund insiders, revealing how the former's rise led to their sudden banishment from platforms like Discord. With sharp insights, the discussion explores the tactics used by those in power to silence dissenting voices, painting a vivid picture of the slippery slope of censorship. The stakes are high, and the emotional weight of the topic is palpable as the host connects the dots between free speech and the fight for financial autonomy.

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Episode Highlights

  • The Weaponization of Censorship
    Censorship begins with popular movements and escalates to target outsiders when threatened.
    “Censorship starts with something you like and becomes something you don't.”
    @ 01m 10s
    January 30, 2021

Episode Quotes

Key Moments

  • Reddit Revolt00:06
  • Censorship Unveiled01:02
  • Power Dynamics01:30