Basically regular people are doing real shit like growing corn and mining and fixing computers and all that, and then you’ve got this like teeming mat of busy busy parasites that lays over everyone and figured out they could generate money by playing games loaning, withholding, or just guessing what the regular people will do. Then you’ve got another layer of parasites over that one who do the same thing but just with the lower parasites, and they’re even more useless and richer than any of the others combined.
insemination is the biggest slot machine
We need a Stakeholder economy, not a Shareholder economy!
It’s not gambling for the people that the state will bail out.
It’s not gambling for the House, because the odds are already stacked in your favor.
It’s not gambling for the state, because this is guaranteed tax revenue and campaign contributions, off the backs of people who are more than willing to feed the beast.
It’s not gambling for the players, either. In the end, they always go to zero.
Y’all’s in America got no Fintech regulation?
The New York Stock Exchange was founded by basically selling shares of itself alongside wheat and tobacco and betting on the fact that it’d be something someday.
Honestly… Yeah. Outside of insider trading, there’s no real way to know what the future holds, so every stock and every bond is just a gamble with varying levels of risk (or Crypto if you like getting rug-pulled over and over)
Life in of itself is way more about being lucky than most people at the top would like you to think about
While this has changed, used to be you could look at the financials of a company and determine whether it was a reasonably good long-term investment, so you could pretty consistently build wealth with a diverse array of investments. With algorithmic trading down to the millisecond, much of this has gone out the window
Yeah, I was going to say something similar. What job you take, where you decide to live, friends you make all have a risk/reward element to them.
That being said I do believe there is a big difference between polymarket/prediction markets and stocks (or at least some stocks). Prediction markets is either betting on pure chance or against insider knowledge. Technically stocks should be seen as investing in a company (especially ones that pay dividends). Could a company run into hard times and lose you money, sure, but there is at least a bit more freely available information on that available to you.
Life is one big slot machine
A rigged one
It is gambling attached to a ponzi scheme. It kind of works so long as growth can keep up, but if it ever stops and reverses for any reason…
Unrelated, how are sea surface temperatures going nowadays?
Glad you asked!
Line goes up so this has to be good, right?
How do I invest in sea temperatures? $SST?
It’s pure profit! That line just won’t STOP going up!
Is this what they mean by ‘Line must go up’? 😕
Shoreholders want it warm
It may look like gambling, but it’s actually fraud.
Yeah, when you are a politician you can legally cheat the system. And many do. Trump and his cronys of course, but Democrats like Pelosi too.
Could not find a less jpg version :/
Pornography is either fraud (nobody looks like that, nobody fucks like that, etc.) or gambling (you’re looking at something hot and sexy until, catastrophically, you aren’t).
what about the drawn verity?
Like real gambling it’s all fixed by the mob.
The mob used to be cool, pretending they were in the god father and feuding amongst themselves.
Now it’s all peptide blood boy tech moguls who always look wet for some reason.
The telltale sheen of SHARK TESTOSTERONE
I love shitting on the markets as much as the next person, but saying the Nasdaq is like polymarket is deliberately flippant.
Yeah the coins on Nasdaq are all closed-source, wtf.
I didn’t even notice loot boxes. Jfc.
Ya, it should probably say NYSE.
It’s flip but the AI bubble makes me feel like it’s not totally out of pocket. Nasdaq changing it’s rules to let recently IPO’ed companies in sooner seems wildly reckless to me.
Yes. It is wildly reckless.
/s ?
And be very wary regarding any person telling you something is “Economics 101” - they are full of shit.
Thanks for sharing!
I was watching the World Series last night and made a comment in a chat about how ads and companies these days in the US are just one grift after another. Seriously, the ads were:
- AI (multiple companies)
- Medications that are borderline poison but somehow get approved anyway
- Kalshi and other betting platforms
The US creates problems for its citizens and then finds ways to sell them the cure. All of this has accelerated over the years and it’s just going to get worse.
Spouse was just watching something on some free streaming app and all the ads are ai generated and scams aimed at old people. This one was about some fake life insurance claims when it flashes a 1-2 second picture of this at the end where it tells you if you call they will add your information to their databases and sell it and you choose to void your rights and take yourself off the national do not call list…
My mom got hit with this kind of shit. It’s the reason she ended up with 10 car warranties. I overheard her answer the phone one day while I was at her house and it was the parasite warranty company again. I ripped that motherfucker a new one. Made him tell me exactly how many warranties he can see that she had prior, made him cancel them all while I was on the phone, all with the threat of legal recourse. After all of that, I told him to get a real job and to stop fucking over the elderly.
A country that allows this, knows exactly what it’s doing. Just like the US government knew what it was doing when it repealed gambling regulations in 2018.
The joke might be on the dude with the gun since gunpowder needs oxygen no?
Yes, in the manufacturing of the cartridge, but once it’s made, it doesn’t need an atmosphere containing oxygen to activate. The explosive charge behind the peojectile is ready to go and just waiting for prime time.
Ah good info! Then there might still be the challenge of recoil?
Newton’s third law dictates there must be recoil. The momentum of the projectile and gasses exiting the end of the barrel must be exactly balanced by the force of holder’s hand multiplied by the time it takes to arrest all motion of the recoiling firearm.
Momentum = definite integral of force as a function of time multiplied by the duration of time whete momentum and force are both specific to an equivalent directional vector.
Could also use an energy analysis. The total kinetic energy of the projectile and exiting gasses will equal the handheld force multiplied by the distance the gun moves backward - more movement backward, less average force…in the limiting case of minimal movement backward, the force will be extremely high and short-lived.
Financial advice* and physics in the same thread? Now you’re just showing off.
* for legal purposes not actually advice
Yeah, much like if you take an m80 or many other fireworks and throw it in a lake it’ll still explode, because the fuel the wick needs to stay lit is built in.
Prospecting is gambling
