honestly advertising gambling should just be banned overall. It's fucked that there are people who's job it is to deliberately trigger addictions
Reminds me of how something like 80% of alcohol is sold to alcoholics. The industry would literally collapse in weeks if there was some magic pill to cure alcoholism.
the fact there's an entire industry rellying on people not getting better can't be good for programs to help them get better as well.
it's so tempting to want to believe you can somehow get ahead in america, you see people around you doing it and there is always something that's gonna be big next and just bet the house on it. i've seen a couple people first hand get taken by the crypto illusion and it's fuckin sad, like it's even worse than MLM type scams cause most at least have a physical product that has value (as small as it may be.) but so many people can hardly update Windows let along figure out what the difference between a cold or a hot wallet is in crypto... but it doesn't even matter cause they're convinced it's gonna be the next big thing, and they got in early. i know a dude who was financially focused essentially double down on the "dip" for some dogshit (THETA) crypto because the buzzwords surrounding the "technology" were good. there is millions of marks out there, and i truly hope it is actually slowing down now, cause it's certainly not stopping
A lot of the people I know significantly underwater on their crypto investments are software engineers at elite firms. It has nothing to do with intelligence, just luck. Ideologically, a lot of Amerikans will never accept that.
It has nothing to do with intelligence, just luck.
Speaking as someone who was very into financial instruments and crypto (yeah I know) back when I was a lib, it is almost entirely luck. You can know what theta decay is, what Delta and all the other metrics mean, do research on how the stock typically performs during the yearly period you're holding the options, look at preliminary results....and still be completely wrong because some firm decides to buy a ton of stock, rendering the work moot.
Nobody knows if the market is going to go up, down, or in fucking circles, and crypto is even MORE volatile; the only reason people 'win' at it are because they happened to possess that insane luck or because they had enough cash they could keep guessing until they got it right
Or they're Wall Street types who have insiders give them knowledge. While they certainly do know how stocks perform, the main reason why they get rich is mass insider trading and rigging the markets.
All the politicians routinely beating the market really shows you how this thing is a mugs game.
People very acutely feel the need to escape from alienation. Especially in this late stage where we live pretty comfortably all things considered, but we can see the vastest rug pull coming right for us called "western capitalism." The perfectly ironic thing is that there is an escape valve from alienation called socialist revolution. But Americans are so individualistic it seems to not occur to then to work together and defeat their actual material enemies.
We didn’t get any out of the 08 crisis, and that was wider ranging.
It’ll mostly just be suicides.
that and you get upticks of domestic abuse in times of economic hardship.
the post illustrates a lot of that as the financial stress both puts strain on relationships and makes people tired and stressed all combining to make them at their worst
probably there will be stochastic violence but a good portion of it will be essentially random and probably just include them being more prone to violence in their personal life.
also the majority of crypto buyers are likely just gambling with money they can't afford to lose. I've known people who crypto was very important to them and I would describe their mentality as more thinking of it as a gold rush where it was important to them that there was an untapped source of wealth out there for the taking.
my dad was a piece of shit gambler, and i have no sympathy for them.
i remember being like 7 years old walking around crowds of thousands at the racetracks while he sat in the stands, playing for hours.
i could have been abducted so fucking easily.
abduction by random strangers is exceedingly rare, and it's a shame that fearmongering has made people feel like it's likely to happen to their kids
even by conservative estimates, between 4, and 20 thousand children are abducted by strangers in the US annually. that's between 100 and 500 per state every year.
by non conservative estimates it's something like 800,000. so you may have some argument towards that number, but that shit fucking happens, especially when parents are fucking completely negligent and don't pay attention and let their kids roam throughout giant crowds.
sorry, but before you spout off on shit like this, we're not talking about letting your kids go outside and play ball or ride bikes.
by non conservative estimates it’s something like 800,000
There are roughly 80 million children in the country, and you're telling me 1% of them are abducted by strangers per year?
Yeah. Those sound like Q-Anon style numbers from the "underground tunnels full of children" era.
https://today.yougov.com/topics/politics/articles-reports/2022/03/15/americans-misestimate-small-subgroups-population
I love that graph. I guess people's first instinct is to assume that every minority makes up for roughly the third of population.
This, but kind of unironically. The rate among autistic people is as high as 20% in some studies. On average, it probably hovers around 10%. Once the NT’s can stop being so embarrassed about nonconformity they’ll come around
If it were 800,000, then 1 in every 5 children would have been abducted at one time.
That figure doesn't pass the common sense test.
hanging with kids you don’t know makes you look like a fucking creeper.
That's so sad. Children and adults should be able to be friends.
Doesn't matter. Our entire society is just as hostile as you towards child-adult relationships. Even actual parents have had the police called on them because they were with their (adopted) kids that didn't look like they could be related.
Other countries aren't like that. It's really relaxed because those countries didn't have decades of milk carton propaganda scaring the shit out of them about "stranger danger".
Yeah. Fuck Japan, but this just makes me think of that tv show about Japanese kids going around doing little errands like going down to the store, and all the adults around are very nice and willing to help them. In the US people would be terrified to go near a 4 year old with their parents not present, and the cops would probably be called.
that shit fucking happens
a lot of bad things happen in the world, this is not a common one which should take up space in your brain or influence your decisions. if you want to keep your kids from being abducted first make sure they never go anywhere near their family members lol
Maybe there's a middle ground between "don't start a moral panic" and "don't let your kids hang out at the dog track unsupervised."
Hey! Don’t diffuse an argument! You’re short circuiting the content! More content is better! Always!
Egg on face time: Fewer than 350 people under the age of 21 have been abducted by strangers in the United States per year between 2010–2017. sauce
The vast majority [of reported disappearances], typically more than 95 percent, ran away.
Makes a lot of sense.
Ah yes, the child should feel perfectly calm wandering around the race track unsupervised.
there is an important question in what counts as supervision. if there's someone who knows what area you're supposed to be in and that will expect you to report back to them by a certain time, that is a form of supervision. it is, in fact, all the supervision i had at many points throughout my childhood, whether it was at a ball game or a zoo or the neighborhood i lived in or whatever. in any of these situations, any random stranger could have grabbed me and walked off. however, there are several things which make this unlikely
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first of all, no one wants a random upset child in their custody, often not even the parents who are legally responsible for them. it takes a very specific kind of very knowledgeable criminal to kidnap random children and not get caught and also do anything with them that would make it "worth" kidnapping them
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more people = more chances at such a criminal walking by, yes, but also more risk involved in doing so. if you grab a random child from a crowd and try to walk, like, hundreds of meters out of the facility and back to your car or whatever, somebody's gonna think it's weird that the child you're carrying is shouting for help and saying they don't know this person
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because of point 2, anyone who is going out with the intention of kidnapping children is not going to be showing up to the race track or ball game or whatever. they're going to target people they know will be more isolated and more vulnerable ... like children they know, whose schedules they are familiar with
in short, of course it happens and it's a tragedy. but it happens so seldomly that there really is no point worrying about it. this is america, you're probably more likely to be randomly shot to death by a stranger than to have your child kidnapped from a public place by one
Zoos, ball games, and neighborhoods are all places designed with children and families in mind. The race track is not. My point is that a child would obviously become frightened when alone in this environment, and fear of being captured is just an expression of that. I'd also imagine you wanted to be in those places you mentioned, I don't think the other person wanted to be at the race tracks. So being dragged to an unwanted location and left to their own devices, they became terrified, which makes sense.
i dont see how any of this has anything to do with anything i've ever said in my life. i have never commented on the fears of children under such circumstances
You responded to @garbage talking about their feelings of vulnerability at a race track as an unmatched child that they shouldn't have been scared of being taken, which I responded to point out a child wandering the tracks would feel uncomfortable no matter what. You then responded going on about how hard kidnapping a kid is. My overall point was that his feelings of being vulnerable to capture, whether fully grounded in reality or not, were just as expression of the fear a child would feel in that environment. Your response of "um, actually, dragging a kid to races and leaving them alone won't lead to them being kidnapped" is an absurd response. Sure maybe he wouldn't be kidnapped, but what if he ate something he found and got sick, or broke something, or wandered into an area he shouldn't have? Anything could have happened to him in an environment he should not have been in alone.
talking about their feelings of vulnerability at a race track as an unmatched child
no, he talked about his feelings as an adult in hindsight about how an unwatched child could have been vulnerable to abductions. he did not at any point mention any feelings as a child, you invented that part.
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Unironically yes. I don't see how it's any different than walking down a busy city street.
If there are no child kidnappers in the crowd...yes. What you said is 100% true.
Well it's legal as crypto esssentially isn't regulated. Annoyingly the only reason it isn't considered a security is the environmentally damaging parts of the process count as a loophole against regulation for securities fraud.
the whole thing is dumber and more malicious than you can possibly imagine
If I remember correctly, the money is fucking gone too. That's why they won't give people access to their funds.
I remember that. White dude was living it up in Tokyo on other suckers' bitcoin, what ever happened to that dude?
After the collapse of Mt. Gox, Karpelès joined London Trust Media, the company behind Freenode and Private Internet Access, as its CTO in April 2018.
:deeper-sadness:
Yeah, even if it's somehow not legal, good luck ever getting it back. No one will face any consequences for this.
"You knew I was a snake"
If they wanted sympathy, crypto freaks should have chosen a less environmentally destructive gambling addiction. Fuck em
Mostly fuck governments and capital for not stomping out cryptocurrencies for an incredibly easy climate W
Sure. But plenty of individual working people didn't fall for the crypto trap. So I don't feel bad for the ones that did. They did it to themselves
addiction stories, esp gambling addiction, really break my heart every time.
BRB gonna start r/cuckedbycrypto for dudes whose wives left them because they gambled away the house on dog coins.
this guy is probably a middle class chud who sunk all their money into a thing that everyone loudly advised him not to. Its okay to laugh at crypto bros a little bit.
Also this is a little heartbreaking. Its kind of both.
My brother, if you own even a single Bitcoin at current market rates you have more money pocketed than one American in five.
I dabbled in Crypto and got fucked. I know a few people who went big on Crypto and got fucked. At the end of the day, we've all got professional jobs with enough standing income to get by. A guy like this isn't poor. He's just bad at financial planning.
And I'm sympathetic - abstractly - to people in this situation, because it is incredibly cruel to build a big casino around the professional workforce and force everyone to gamble on retirement. But when I'm sitting at the roulette table, hoping I hit the Pass line enough times to exit the workforce in my 60s, and some yahoo is shouting "Let it Ride! Pappa Elon said bet on 2s!" for the seventh consecutive throw before crapping out, my sympathies run thin.
Just because someone is well-off doesn’t mean they’re immune to exploitation.
Sure. Even the petite bourgeois child of car dealership owners is subject to the ravages of alienation and exploitation under Capitalism. Even billionaires can be laid low by a cartel of savvier rivals. No one is truly safe.
But this is a story of pure hubris. It deserves to be mocked because it is valuable to remember that every risen billionaire leaves ten thousand of these dorks in their wake. Its a lesson in humility.
This isn't "the poor mistakenly violate their sense of moral puritanism". Its a story of a PMC stoogie who got too high on his own protestant work ethic supply. The proverbial miser who has spent his whole life building up a great lump of gold, only to find it vanished beneath his rump.
They’re dealing with the same issues as us
I'm also a business professional, so probably. But that's why I have the least amount of sympathy for him. I can see what he's giving up and why. He's sacrificing social relationships and sabotaging immediate satisfaction in pursuit of a higher score. He's not poor. He's not wanting for anything that isn't self-inflicted. He's simply up his own asshole and finally noticing the stink.
I know a guy that put like 5k on a credit card to buy some shitty kangaroo NFTs that were apparently worth 100k. He refused to sell because crypto bros convinced him it was gonna go to the moon and now they're worthless. Pretty fucking funny all things considered.
My brother got into doge right before it jumped in value. I tried so hard to convince him to cash out or at least sell enough to cover his original "investment" ($50 I think). He refused. I think it's worth around the same now but he was convinced he could become a millionaire and not just that, pay off family's student loans or buy houses for us. As far as I know he didn't buy more at least. As much as it would've been nice for him to have made a couple hundred bucks off it he at least isn't out of 10 grand.
I guess, it's no worse than a month or two of scratch offs right? I've never done it but I've never tried hard to convince my parents to stop buying scratch offs once a week either.
It's just too perfect. It appeals to the kind of people who hate crypto and the little guy at the same time, and have a massive wish to punish.
The whole “Can’t buy my kid a bike now” is a little too on the nose in concert with everything else in the post
