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It must be difficult to see it so close. I've been feeling a mild/medium case of the same thing just from the general news. Every other story is about a bitco
by jacknews 5y ago
It must be difficult to see it so close.
I've been feeling a mild/medium case of the same thing just from the general news.
Every other story is about a bitcoin multi-millionaire, or companies I've never even heard of and that don't seem all that impressive, valued in 100s millions, NFT's sold for millions, etc, etc.
Most of it seems relatively un-earned/un-deserved, to me.
It all just completely devalues the 'real money' you get paid for full, hard 8+++ hour days and makes you wonder, why bother.
It wouldn't be so bad, but you just know some of these 'highly successful investors/entrepreneurs' might get to positions where they're demanding you change the button background color to fusia, now!, or you're fired! etc.
- throwaway_poor 5y agoI fully think in this case they deserve the win. They worked hard, took risks, invented something that solved real problems, and have been executing flawlessly on it. I don't feel like it's an unfair win, I'm just wondering if I'm playing the right game.
- jacknews 5y agoFair enough, some do deserve to win. But 100s millions?
- throwaway_poor 5y agoSeparately, I'd agree the game is rigged, but there isn't much I think I can do about that beyond casting my vote responsibly... it doesn't really bother me.
- jacknews 5y agoGood for you, then your problem is simply picking the right path through the casino. For me, the riggedness of the game urges me towards the 'don't play' strategy.
- throwaway_poor 5y agoLol exactly! Thank you for this. For now I'm at the slot machines all day getting soaked on cheap whisky and I just saw a high roller come out. Maybe the best move is not to play.
- ZephyrBlu 5y ago100s of millions is the result of the power law. "Winners take most" is how things in tech tend to work.
- seibelj 5y agoI made a lot of money in crypto and I think I deserve every penny. I told everyone I knew that crypto was the future, I got into the industry, and practically nobody listened (let alone the HN echo chamber which is to this day fiercely anti-crypto). I made an investment based on independent, contrarian analysis and it paid off. This is extremely deserved money.
- throwaway_poor 5y agoDid you keep any friends from your pre-money days? How did the wealth change your relationships, where you hang out, etc.?
- seibelj 5y agoYes I have a very tight group of friends I have maintained since grade school, and a very tight family. My brother also became self-made wealthy which is nice. I keep business associates separate from family and friends and don’t mentally believe my coworkers or business partners are friends even if I do friend-things with them. If someone is unhappy with my success no one has told me or dropped me. But I still believe in family above all things, and I invest a lot of time in the friendships I maintain, which is an old-school belief especially in tech.
- randomopining 5y agoSo you literally pressed a button a few times and made a ton of money on a pyramid scheme. Congrats. PoW has value to the individual but maybe a negative value to society as a whole. PoS will just get co-opted by big money.
- seibelj 5y agoNot a pyramid scheme and it's no different than buying AMZN stock. Except my purchase was ridiculously contrarian compared to buy and hold FAANG.
- randomopining 5y ago