@thomasfuchs legally they have to otherwise they’d be gambling which would be illegal

@thomasfuchs 💯

https://hachyderm.io/@smurthys/116446799435848116

@thomasfuchs gambling as a financial service more like

@thomasfuchs And insider trading.

@thomasfuchs looking more like pure fraud

@thomasfuchs So is poker.

@thomasfuchs
likewise, "bitcoin"

@thomasfuchs it's really an insider trading vehicle. It's just gambling for those who don't know any better.

@thomasfuchs What's been really wild is to see how much it has been embraced among Gen Z, a generation that by all other accounts has been turning away from traditional vices. Can't win 'em all, I guess?

Some gamblers, some paid informants.

@thomasfuchs

@thomasfuchs

Because that is what the stock market is now. Nobody buys shares in companies they want to own part of anymore. They just gamble on the share prices. They don't care about companies long term, just if share prices will rise enough short term so they can cash their bet in and take their winnings.

@thomasfuchs

🎯

@thomasfuchs I hate it when share dealing is termed investing. It rarely ever is.

@thomasfuchs

FACT

@thomasfuchs
Is it gambling, if i can make sure to be right?

@thomasfuchs Some idiot just won $20 'cause you said that.

@thomasfuchs

That's extremely unfair.

Gambling is strictly regulated to prevent rigged games.

@thomasfuchs Unless you are part of the administration?

@thomasfuchs Bribes are called campaign donations or gifts in the US. The tech bros only need to give a gift to a few politicians to change the definitions of words

@thomasfuchs I don't know, my gambling addicted grandparents used to think they could predict when a video poker machine was going to hit. Sure they died poor as dirt, but they were right at least 1% of the time.

@thomasfuchs
Yes, I'd like to buy a prediction, please.