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The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their
by hippo22 9mo ago
The gamblification of everything is just another stepping stone on the path to the financialization of everything. Many of our best and brightest dedicate their lives to “financial innovation”. It’s sad.
- loeg 9mo agoGamblification is very, very different from financialization.
- hippo22 9mo agoIt’s the financialization of outcomes.
- vladms 9mo agoWho does it though? I feel that many people that gamble are the ones that feel "they know better" and they don't see any better way to use their money. Having a part of the population with those attributes seems the root cause of the issue, rather than the specific mechanism they use.
- bigyabai 9mo agoSome of it is, but Polymarket is a horse of a different color.
- Gravityloss 9mo agoA financialization example: Somehow some company's stock became the go-to for investors that had continuous expectations just for the stock, and not about actual company health. And the company chose to prop up the stock quarter per quarter, instead of investing in long term development, until it crashed. This is somewhat similar to dangers of gamblification I guess. Where the expectations of the investors (gamblers) start shaping the decisions of the professional management of the company.
- TrackerFF 9mo agoIndeed. Imagine a future where all news have a permanent “place your bet on this event! No money? No problem! 36 month financing plan available” banner in the side. You’ll first just have to purchase some stable coin that the broker mints. Automatic wage garnishment if you default.
- xmcqdpt2 9mo agoYou won’t have to buy stable coins, you’ll just pay with your credit cards. This is basically sports gambling applied to the sport of news. I bet they’ll use the same kind of emotional manipulation too: “Real republicans (fans) bet here.” You’ll be watching a political debate and then you’ll have a “the DraftKings Minute” debate analysis segment which is like three guys that don’t know anything about politics screaming about odds. This sounds exactly like the timeline we are in.