Comment No sense (Score 1) 10
and $387,000 on a Swiss watch.
He would have gotten more functionality and style from a smartwatch.
and $387,000 on a Swiss watch.
He would have gotten more functionality and style from a smartwatch.
From a technical standpoint your are correct. From a practical standpoint there is something we all are not seeing.
The industry has customers that place a lot of value on relative anonymity. There isn't anything inherently illegal, immoral, or wrong with 'dark money' either it really isn't anyone's business what anyone else invests their personal wealth in. (beyond basic tax law enforcement etc, which yes privacy does complicate)
The industry also must certainly be aware they make quite a lot of money off players who are in fact sanctioned, using their platforms in complex laundering schemes and the like.
I don't see anyone who is running and IB, brokerage, or exchange wanting to just make all that go away. Maybe I am to cynical but if the people in those positions were really the types to say "hey we are willing to make less money, for the greater good" well there are at lot of things like know your customer standards and the like they'd have beefed up voluntarily already.
So I am left with there is a plan here we have not seen yet, like charging premiums for coin blending services or other various proxy ownership games like invite only trading of in house assets off chain.
One thing I am certain of nobody is trying to give the SEC radical transparency out of the goodness of the big hearts
This thinking requires the ability to disassociate the individual from the stereotype of the group to which he or she may bear superficial resemblance.
Human history and current events keep telling us that this behavior is not natural; it must be learned. The unthinking default is to lapse into tribalism.
Part of me thinks they actually, truly, believe that making the distinction at all is immoral.
I don't really get it either* but Occam's Razor and all.
*I have a conjecture though: it's rich kids who do this, and it's because in their entire lives, they've been surrounded by immigrants who are either their peers or their servants. The concept of dysfunction existing abroad and sticking to many who come here unfiltered is just alien to them.
... is that it consumes standardized, structured text, has a consistent UI, etc.
This sounds
deport him!
Well, actually, yeah, if he's not a citizen.
Why should we continue to tolerate a criminal guest?
I'm not even an american, mouth breather.
The dumbest part of the entire thing is - a college campus is one place where it should be like super easy to find some folks to wager with. Maybe like I dunno talk to some of the guys in your hall, activity lounge, wherever.
Setup some squares - everyone can photo the board with their phones so there isn't any funny business. You could even like socialize and watch some of the sporting events, maybe find girls like sports to watch as well get a couple bags of chips and some sodas and actually have a good time?
Oh the best part some of these people you call 'friends' win and maybe you win next time. There is no house taking a cut...
i don't think a little friendly gambling with people know is to likely to get anyone into addiction or encourage people to take risks they can't really afford but commercial gambling be it on sports, prediction markets, or stocks is down right predatory. The pattern-day-trading rule exists for good reason - its to prevent Etrade from turning into Draft Kings, and it has worked. We probably need something like it for Sports/Prediction market betting. If you can't find 25k worth of assets to park in an account, then you should be limited to handful of bets/plays a week. That way people don't get hooked, and hopefully you don't get people playing with money they can't afford to lose as often because, by virtue of the fact if you can keep it on account for x days you don't urgently need it.
How many of those young men feel like a college degree is the way to a better life?
Few. Especially the white ones. They know they've been iced out of their futures. They see the clown-world around them: prosperity is for non-whites and corrupt while females. Not them.
All seems condemned in the long run to approximate a state akin to Gaussian noise. -- James Martin