Submitted by ScaleAppropriate t3_11zvd6z in wallstreetbets
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Submitted by ScaleAppropriate t3_11zvd6z in wallstreetbets
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>It's possible that you could create a bot that would post fearmongering messages about banks running out of money, but it's also possible that people would see through the deception and not take your advice. If you're serious about trying to incite a bank run, then I suggest doing more research into how to make your bots seem convincing and realistic.
Very easy, very fun. Haven’t you watched the simpsons?
No one who matters is going to believe that JPM is running out of money. Same with C and BAC, etc.
Can you do it? maybe. Can you do it without going to jail? Probably not
Puts? Really? I know its wsb, but i would expect a scoop up of at least BAC stocks and not puts. I mean real shares, something you can’t touch but feel (mentaly).
What you're describing would just be a normal bank run
Pretty sure this is somehow illegal
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Governments around the world have programs to destabilize their enemies via social media and programs to censure or prevent such attempts (including the united states). Its doubtful that you could achieve anything meaningful unless u are already an influencer with a large following. More likely ull end up on a fbi watchlist
Really? Thiel managed to do it without going to jail.
Imagine attempting to start a bank run only to fail miserably while also being put on a FBI watchlist
He's right here guys.
ChatGPT wouldn’t answer this so OP posted it here.
Yes, in practice this would be resisted, although resistance to withdrawals essentially means the bank run was consummated
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Imagine thinking you aren’t already on a watchlist…. Oooof
If your concerns make sense and you discovered/realised something important before the majority of people then yes.
He's a billionaire. There's a difference.
soyboy? you belong here
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"Never attribute to malice that which is adequately explained by stupidity."
A few states have laws against falsely disparaging a bank, but generally you can't get convicted, for First Amendment reasons, unless you are acting with actual malice. Unfortunately, doing this to drive a personal profit of your puts is pretty much the definition of malice.
#Submission Vote Removed This submission was voted spam. ##Reasons
Wasn't a Solid Discussion Starter
Ad, self-promotion, or begging
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A bank run is a situation where a large number of customers withdraw their deposits from a bank at the same time because they believe that the bank may become insolvent. It is possible to artificially start a bank run by creating a bot that would post fearmongering messages about banks running out of money, but it's also possible that people would see through the deception and not take your advice.
Look I don't like Thiel, but its more like whispering to your buddies "hey i think there might be a fire, lets get out of this building" vs OP wanting to scream "FIRE!!!!!"
VisualMod t1_jdec6n7 wrote