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Addiction Markets

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Re: Addiction Markets

#101

Post by mnky9800n »

nekusar wrote: post #30

People are also leaving out stuff like Pokemon, Yu Gi Oh, and Magic The Gathering. All of them also introduce rarities (arbitrary exclusiveness), hidden cards in a pack, and extreme gambling gamification. The only non-gambling MtG packs are the preconstructed commander decks. All 100 cards are published. But the packs and boxes? Pure gambling, especially for the chase rare cards. And before anyone asks, yes, my usern…

I used to really enjoy magic. Then at some point I couldn’t keep up with the constructed meta. So I switched to drafting. But now it seems like everything is so gamified that playing the game isn’t enough anymore. Now you need to play all the time both in the shop and on mtg arena and it’s like designed to keep you hooked. I hate it. I really just can’t be bothered to play anymore. It’s no longer fun it’s just a grind.

Re: Addiction Markets

#102

Post by disqard »

sakopov wrote: post #88

> Coinbase CEO Brian Armstrong rattled off crypto buzzwords at the end of the Q3 call, resolving $84K in prediction market bets to "yes." https://x.com/Cointelegraph/status/1984161085780263322

Wasn't this posted a minute ago and on the front page?

Am I going crazy, or was it just... disappeared from there??

Re: Addiction Markets

#103

Post by nicce »

mnky9800n wrote: post #101
nekusar wrote: post #30

People are also leaving out stuff like Pokemon, Yu Gi Oh, and Magic The Gathering. All of them also introduce rarities (arbitrary exclusiveness), hidden cards in a pack, and extreme gambling gamification. The only non-gambling MtG packs are the preconstructed commander decks. All 100 cards are published. But the packs and boxes? Pure gambling, especially for the chase rare cards. And before anyone asks, yes, my usern…

I used to really enjoy magic. Then at some point I couldn’t keep up with the constructed meta. So I switched to drafting. But now it seems like everything is so gamified that playing the game isn’t enough anymore. Now you need to play all the time both in the shop and on mtg arena and it’s like designed to keep you hooked. I hate it. I really just can’t be bothered to play anymore. It’s no longer fun it’s just a grin…

> It’s no longer fun it’s just a grind.

Like most new games these days. I play only old games or few special ones like Baldur’s Gate anymore.

Re: Addiction Markets

#105

Post by array_key_first »

alphazard wrote: post #94
sakopov wrote: post #88

> Coinbase CEO Brian Armstrong rattled off crypto buzzwords at the end of the Q3 call, resolving $84K in prediction market bets to "yes." https://x.com/Cointelegraph/status/1984161085780263322

Polymarket is not even close to the same thing. Sports betting allows a blessed few corporations to run rigged markets and intentionally prevent price discovery by keeping the smart money out. Polymarket uses open orderbooks where you match against someone else who wants the other side of the trade just like the stock market. Prices are set by the market, as they should be.

Polymarket is like the stock market, that is to say, it's gambling.

Nobody should be day trading unless it's their job. Yes, I have seen many guys get sucked into it.

Re: Addiction Markets

#106

Post by Karrot_Kream »

asdff wrote: post #98
Karrot_Kream wrote: post #71

On a somewhat related note, there seems to be a huge interest in vice policing on social media. Gambling, sex, drugs, these are some of humanity's oldest vices. Why has it become so popular on social media to highlight these, along with a narrative of social or cultural decline?

Standard bible thumping. You will notice that there is also an emphasis on traditional family values as well both in the media and in the positions of politicians.

I guess it's been interesting watching this become popular in secular, lefty circles rather than the historically religious right circles I see this from.

Re: Addiction Markets

#107

Post by nicce »

cal_dent wrote: post #28

There has recently been many looks at the epidemic in gambling. Wonder how all of the focus seem to happen at the same time Off the top of my head: https://www.bloomberg.com/news/articles/2025-10-31/great-bri... https://kyla.substack.com/p/gamblemerica-how-sports-betting-... https://www.ft.com/content/e80df917-2af7-4a37-b9af-55d23f941... https://www.dopaminemarkets.com/p/the-lottery-fication-of-ev... https://www.inve…

I find it odd that almost nobody ever refers stock trading as gambling. While for most persons it is nothing else.

Re: Addiction Markets

#108

Post by lurk2 »

asdff wrote: post #95
nekusar wrote: post #30

People are also leaving out stuff like Pokemon, Yu Gi Oh, and Magic The Gathering. All of them also introduce rarities (arbitrary exclusiveness), hidden cards in a pack, and extreme gambling gamification. The only non-gambling MtG packs are the preconstructed commander decks. All 100 cards are published. But the packs and boxes? Pure gambling, especially for the chase rare cards. And before anyone asks, yes, my usern…

I feel like it only became rampant in recent years. As a 90s kid no one cared about the card packs. We all assumed they'd be junk cards and a waste of $7 or whatever. No, the move for card people back then was to wait for the card show and just buy the cards you actually want from a card dealer. The thing is now people are marketing the pack opening. You have social media accounts of them pulling cards from packs and…

> Again no one thought that was fun in the 90s, everyone hated that aspect of cards in the 90s

How old was everyone in the 1990s? Kids loved this kind of thing in the 2000s.

Re: Addiction Markets

#109

Post by tayo42 »

mnky9800n wrote: post #101
nekusar wrote: post #30

People are also leaving out stuff like Pokemon, Yu Gi Oh, and Magic The Gathering. All of them also introduce rarities (arbitrary exclusiveness), hidden cards in a pack, and extreme gambling gamification. The only non-gambling MtG packs are the preconstructed commander decks. All 100 cards are published. But the packs and boxes? Pure gambling, especially for the chase rare cards. And before anyone asks, yes, my usern…

I used to really enjoy magic. Then at some point I couldn’t keep up with the constructed meta. So I switched to drafting. But now it seems like everything is so gamified that playing the game isn’t enough anymore. Now you need to play all the time both in the shop and on mtg arena and it’s like designed to keep you hooked. I hate it. I really just can’t be bothered to play anymore. It’s no longer fun it’s just a grin…

Why does drafting feel like that?

Re: Addiction Markets

#110

Post by [deleted] »

Hasz wrote: post #86
skippyboxedhero wrote: post #57

Earlier quoted context omitted.

Who do you think was buying options 30 years ago? Institutional demand, particularly for non-OTC options, was zero. Countries which have legalized gambling tend not to have large options markets. There is no convergence. They have always been the same thing. The difference is that you can provide a venue where harm is reduced or one where harm is maximised.

Wasn't around to personally witness it, but I do not believe the first part is true: https://www.princeton.edu/~ota/disk2/1990/9015/901507.PDF , specifically page 94. Also, IMO there is a big difference between an open market that allows for price discovery and free trading versus placing bets against the same casino at predetermined prices.

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