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Up all night with a Twitch millionaire

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Re: Up all night with a Twitch millionaire

#231

Post by skinnymuch »

paulpauper wrote: post #195
slightwinder wrote: post #160

Earlier quoted context omitted.

Actually it's very easy to blow some millions. Sportspeople, lotto-winners and such are doing it all the time. Handling money wisely is a skill you need to learn and master. That guy is in esports, so he is generally very risk-friendly, so chances are high that he is also investing and wasting his money on risky investments and potentially losing it.

I think these twitter gamers and celebs are smarter than mainstream athletes lotto winners in terms of higher IQ , and thus are better at personal finance and budgeting

Why would this group of people have higher IQs than mainstream athletes? Why would higher IQ lead to better personal finance and budgeting?

I’d think you childhood/background and your current environment would be the biggest factors.

Some mainstream athletes may feel the need to flex. So they may spend extra money. There’s also generally certain rituals or going with the crowd that means spending more money.

It feels elitist to call these gamers and celebs both smarter than mainstream athletes and label the latter as lotto winners. Unless you were talking about lotto winners as a separate group. Though that too appears problematic as you’re more closely associating them with mainstream athletes in a negative sense.

Lotto winners also have societal, environmental, and cultural issues many other wealthy people like streamers don’t. No one thinks the lotto winner deserves their money. People have far easier time coming out of the woodwork and hassling lotto winners. Asking for money and more.

Re: Up all night with a Twitch millionaire

#233

Post by dave_sullivan »

dvt wrote: post #46

Imo we should be lauding this brand new sector and the folks that made it in it. Twitch/YouTube/TikTok literally created a new kind of millionaire. Are we just upset we're also not uber rich for playing video games all day? It's the same with crypto, OnlyFans, and so on. It was the same in '99 with the dot coms. Merely from an economic standpoint, it's interesting to see who these new industries are displacing (since…

> Are we just upset we're also not uber rich for playing video games all day? It's the same with crypto, OnlyFans, and so on. It was the same in '99 with the dot coms

Yes, that's literally it. This is the proper use of the term hater.

> It feels HN has become way more corporatist in the past few years -- everyone wants to work for FAANG, no one wants to do their own thing

Also agree. I liked HN better years ago. When I was younger.

Re: Up all night with a Twitch millionaire

#234

Post by pugworthy »

jrockway wrote: post #3

What's the career progression for streamers and eSports players, anyway? I feel like everyone that does this now is going to be tired of it in 5 years, and then they're just 30 and without a college degree or job experience.

Will Frampton (aka QuickyBaby) who streams mostly World of Tanks has a PhD and is 33.

Re: Up all night with a Twitch millionaire

#235

Post by [deleted] »

dvt wrote: post #46

Imo we should be lauding this brand new sector and the folks that made it in it. Twitch/YouTube/TikTok literally created a new kind of millionaire. Are we just upset we're also not uber rich for playing video games all day? It's the same with crypto, OnlyFans, and so on. It was the same in '99 with the dot coms. Merely from an economic standpoint, it's interesting to see who these new industries are displacing (since…

[deleted]

Re: Up all night with a Twitch millionaire

#236

Post by zem »

jay_kyburz wrote: post #178
belval wrote: post #57

Earlier quoted context omitted.

I am not saying this is a real job prospect. If a kid told me he wanted to be a Twitch streamer I'd say he can't be one, same as professional singer or musician in general. What I am saying that what Tyler has very much is a real job and successful business. You wouldn't say Taylor Swift is jobless because very few people make it in the pop music world.

If my kid told me they wanted to be a twitch streamer I would advise them against investing a significant amount of time and effort building a business with a single gatekeeper. If they wanted to be a famous personality, I would insist they start building a profile on every platform.

excel girl[1] did that right. i have a tremendous amount of admiration for her.

[1] https://www.theverge.com/22807858/tiktok-influencer-microsof...

Re: Up all night with a Twitch millionaire

#237

Post by abledon »

kubb wrote: post #98
Permit wrote: post #76

Earlier quoted context omitted.

Have you played League of Legends or Dota 2 before? It will be hard to convey the mental/emotional exhaustion that most people feel from playing MOBAs at even a semi-competitive level. In my experience it's a lot different than playing FPS or other games. I have a distinct memory of finishing a game of Dota 2 and realizing that it felt as though I'd just finished a 3 hour exam. I didn't feel happy that we'd won, just…

Yeah I've played League for a bit. It really does get easier the more you play. By the way, I've just read in the article that Tyler's been on Adderall since first grade, I guess that will help him stay focused.

wow, that explains so much, he usually plays it offlike its only the pre-workout bloodrush hes drinking

Re: Up all night with a Twitch millionaire

#238

Post by boomboomsubban »

skinnymuch wrote: post #231
paulpauper wrote: post #195

Earlier quoted context omitted.

I think these twitter gamers and celebs are smarter than mainstream athletes lotto winners in terms of higher IQ , and thus are better at personal finance and budgeting

Why would this group of people have higher IQs than mainstream athletes? Why would higher IQ lead to better personal finance and budgeting? I’d think you childhood/background and your current environment would be the biggest factors. Some mainstream athletes may feel the need to flex. So they may spend extra money. There’s also generally certain rituals or going with the crowd that means spending more money. It feels…

>Why would this group of people have higher IQs than mainstream athletes?

Though I disagree with the posters theory that twitch gamers are less susceptible to blowing their fortune than athletes, the fact that their job doesn't come with a high risk of head trauma is a reason they may be smarter.

Re: Up all night with a Twitch millionaire

#239

Post by abledon »

handrous wrote: post #15
mrtksn wrote: post #2

3 to 8 hours long streams seems to be the norm on Twitch. What kind of lifestyle there’s that allows the consumption of full day long content?

> What kind of lifestyle there’s that allows the consumption of full day long content? Kids. Adults without kids.

do 4 hours of work, remain 'online' at job watching twitch for rest of 4 hours

Re: Up all night with a Twitch millionaire

#240

Post by vasco »

jay_kyburz wrote: post #224
Karunamon wrote: post #212

Earlier quoted context omitted.

This isn't well known, but to monetize on Twitch (i.e. be able to receive subscriptions and bits), you have to sign an affiliate agreement[1], which includes a clause prohibiting you from multi-streaming, or putting your VODs up anywhere else for a full day after their conclusion. This severely limits your ability to cross platforms. [1]: https://www.twitch.tv/p/en/legal/affiliate-agreement/

Which kind of demonstrates exactly my point. I would never build a business that needs somebodies permission to exist.

Every single business needs permission to exist, not only because you need approval from the government to open one.
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