Comment on Insider trading, but make it worse

randoot@lemmy.world ⁨4⁩ ⁨days⁩ ago

• Teppichbrand@feddit.org ⁨4⁩ ⁨days⁩ ago

  The stock market is a global suicide machine, change my mind

  source

  • nandeEbisu@lemmy.world ⁨4⁩ ⁨days⁩ ago

    It’s a ponzi scheme supporting millions of people’s retirements, myself included.

    Ideally we have social security, which is a much more regulated and carefully managed ponzi scheme but the people in power use it like a piggy bank because it’s not like they’re going to be around when it runs dry.

    source

    • Ronno@feddit.nl ⁨4⁩ ⁨days⁩ ago

      I live in a country with a quite strong social security scheme, but the money in our social security funds, like pensions, is mostly invested in the stock market anyways.

      source
  • Transform2942@lemmy.ml ⁨4⁩ ⁨days⁩ ago

    Good Take

    source
• SaveTheTuaHawk@lemmy.ca ⁨4⁩ ⁨days⁩ ago

  Gambling is for idiots, so it works out.

  source
• TheReturnOfPEB@reddthat.com ⁨4⁩ ⁨days⁩ ago

  Unless you had an active decision in orr were privy to the making the attack happen.

  source

  • Buddahriffic@lemmy.world ⁨3⁩ ⁨days⁩ ago

    The fact that you end up potentially gambling against insiders like this is one thing that makes these bet on anything sites so dumb to interact with in the first place. Which also makes me not really care about this particular grift.

    source
• explodicle@sh.itjust.works ⁨4⁩ ⁨days⁩ ago

  IMHO there ought to be a peer-to-peer version so we can buy Trump Insurance without getting fucked from above.

  source
• NotMyOldRedditName@lemmy.world ⁨4⁩ ⁨days⁩ ago

  Gambling on something like this is definitely risky, but it’s not as risky if you’re using it to bet on sometimes more defined like sports.

  If someone is going to rig the game, then it’s now rigged for all people better on that game at all locations, not just here.

  And at a decentralized platform like this, that should ultimately be safer than the alternatives.

  source