Been spamming my eyes out today (#1040720, #1040658, #1040602, #1040216, #1040117), so maybe SN isn't dead after all...
Oh, yes: dead cats only bounce in finance... and in SN/Predyx bets!
If you have no idea what I'm talking about, you haven't been paying attention:
There are two bets at Predyx about the spammy(?) success of Stacker News:
- Will SN hit 1.5m items by end of year? (https://beta.predyx.com/market/stacker-news-hit-15m-items-in-2025)
- Will SN hit 1.4m items by end of year? (https://beta.predyx.com/market/stacker-news-hit-14m-items-in-2025)
Why there are two, nobody knows: but one has more liquidity than another, so it's fun watching the odds change and seeing @Undisciplined risk-arb them.
Anyway, every two weeks I take stock of the item number we're at and graph out the progress. Storyline so far is that we're hopelessly behind and the No contracts on these bets are HOME-RUNS!
...except in April @ek bribed the Stackers to post absolute garbage nonsense. For ten days, SN was unusable while sats-hungry assmilkers like myself and @NovaRift etc spammed out thousands of comments to get some of ek's yummy sats (#967744, #965733). Those were expensive comments; I don't think ek will repeat the exercise (#948515).
...and in July, @Coinsreporter observed/went bananas and suddenly the daily item count is through the roof. I, for one, still haven't figured out wth is up... but that might just be that I'm an idiot. Who knows.
Some dead cats bounce.
Coinsreporter got us all wet/peeing in our pants this week with his post (#1033102).
The markets then moved against us No men, but reality hasn't.
(Besides, it was mostly Coinsreporter himself + another dude having sold a TON of No contracts that moved the Predyx odds, so whatevs.) The slight upturn in recent days, so hyped and aggressively celebrated by Coinsreporter, is mostly a dud. Ain't happening. I'm buying.
In the last two-week period, we indeed got the daily item count up to 1,413 which is one hell of an increase from the steady downward trajectory since the beginning of the year (BEFORE the shitcoin/CC change, I might note)
Over 30 days, we're still at 1,117 a day; and the bad news is that Coins (and ek and the other Yes men #944412) needs this number to be 2,125(!). And no, not just for a two-week period, but every day for the rest of the year. Phat chance. I'm buying No's now that they're on discount.
Don't believe me?
What can I say, yous are sooo fucked.
We're 53.7% through the year, but 36.79% the way to the target. You ain't hitting it.
...and here's the scoreboard:
(I don't even have the most shares... but def the cheapest-acquired ones!)