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So if their business model is raking it in by selling pumped-up speculation, and the pumped-up speculation market is a growing sector, then that's what is calle

So if their business model is raking it in by selling pumped-up speculation, and the pumped-up speculation market is a growing sector, then that's what is called an efficient business model which has nothing to do with the fact that markets are 'efficient'. Also, since when does anyone care if casino's business is based on pumped up gambling. As long as there are millions of transactions going on, the business model will stay 'efficient'.

rgifford 6y ago
> As long as there are millions of transactions going on, the business model will stay 'efficient'. I have a timeshare to sell you.
- ROARosen 6y ago
  Last time I checked timeshares were a shrinking sector. My advice to you is: consider pivoting your biz model to crypto brokerage.
  - J5892 6y ago
    That's a saturated market. The real money is in crypto-timeshares. We have all the advantages of a timeshare business, and also blockchain.
    - fosk 6y ago
      I mean, re-read that 2-3 times. With the emergence of a new group of people that have massive crypto reserves at their disposal, paying for a timeshare in crypto would make that asset accessible to them natively. It’s not a bad idea. If crypto is a new paradigm, the world will need crypto-XYZ to appeal to that crowd. Cars (Tesla), and timeshares are among them.
      - narrator 6y ago
        To Predict the Future: Think of the dorkiest idea you can. In the 2000s this was: * Completely made up digital money with no government backing that you have to convince some sucker to take so they give you two free pizzas. In the 90s this would be: * Keeping track of your friends on your computer! * Carrying a computer around that you use to take pictures of yourself and send them to friends! In the 80s this was * Electronic music without words. * Reading books on your computer
pjc50 6y ago
Unfortunately this is right. It doesn't matter whether it's rational or not, but it's definitely profitable. At the moment. Given we have financial crises in the global economy on roughly a decade basis, and the last one was 2008, there might be another one soon ..
- mandeepj 6y ago
  Not really. We already had one - COVID + decade of economy reset cycle - combined rolled into one. Next one - will not happen (probably) until at least 2027\2028
narrator 6y ago
Getting people to overpay for entertainment is a great business model.

rgifford 6y ago

> As long as there are millions of transactions going on, the business model will stay 'efficient'. I have a timeshare to sell you.

ROARosen 6y ago
Last time I checked timeshares were a shrinking sector. My advice to you is: consider pivoting your biz model to crypto brokerage.
- J5892 6y ago
  That's a saturated market. The real money is in crypto-timeshares. We have all the advantages of a timeshare business, and also blockchain.
  - fosk 6y ago
    I mean, re-read that 2-3 times. With the emergence of a new group of people that have massive crypto reserves at their disposal, paying for a timeshare in crypto would make that asset accessible to them natively. It’s not a bad idea. If crypto is a new paradigm, the world will need crypto-XYZ to appeal to that crowd. Cars (Tesla), and timeshares are among them.
    - narrator 6y ago
      To Predict the Future: Think of the dorkiest idea you can. In the 2000s this was: * Completely made up digital money with no government backing that you have to convince some sucker to take so they give you two free pizzas. In the 90s this would be: * Keeping track of your friends on your computer! * Carrying a computer around that you use to take pictures of yourself and send them to friends! In the 80s this was * Electronic music without words. * Reading books on your computer

pjc50 6y ago

Unfortunately this is right. It doesn't matter whether it's rational or not, but it's definitely profitable. At the moment. Given we have financial crises in the global economy on roughly a decade basis, and the last one was 2008, there might be another one soon ..

mandeepj 6y ago
Not really. We already had one - COVID + decade of economy reset cycle - combined rolled into one. Next one - will not happen (probably) until at least 2027\2028

narrator 6y ago

Getting people to overpay for entertainment is a great business model.