261–270 of 320 posts
Earlier quoted context omitted.
Every single business needs permission to exist, not only because you need approval from the government to open one.
You can't be comparing Twitch to the government. Those are not even remotely the same thing
For some people never means usually not, and for some never means never :)
Earlier quoted context omitted.
Once you have a few millions secured, it is hard to blow it if you invest and save prudently. It's not like when he turns 30 he will be back to poverty. There is too much negativity and doom and gloom. These gamers, e-celebs are making a lot of money and will not be destitute when their star fades. Today's internet celebs are much better at saving and investing their money compared to celebs of decades ago, who blew…
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.
At that scale of wealth you don't just have to not handle money wisely, you have to be downright foolish to make it all disappear.
Earlier quoted context omitted.
Not a real job is a quite good stance to take. Because there is an absurd power law at play here, the absolute top make a lot of money. In a "real job" you are paid a living wage, on twitch you are paid scraps if you don't make it to the top.
To give some numbers: There are more than 10 millions Streamers on Twitch, of which 5 millions are streaming regularly. The top 10_000 of them earns barely minimum wage or more. The Top 1000-5000 is earning some decent money on middle-class-level and the millionairs-club is around Top 100. And these numbers are globally, meaning all streamers from all countries. So we are still talking about an absurd low number of p…
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…
It is not zero sum. People only switch to these new sources of entertainment because they get more value from it
Streaming aside, tyler1 has an almost inhuman dedication and focus when it comes to League of Legends. On Hacker News it's common to hear that programmers can't work (on classic programming tasks) for more than ~4 hours a day. I also feel exhausted after working for ~4 hours and have always wondered if this was some sort of mental trap I'd fallen into or a genuine limit. Games like League of Legends require complete…
I could also play MMORPGs and Dota 2 for 10 hours straight without any break, I can barely sit one hour solving LC/learning something. And before you account this to age, even now I could spend whole day playing some addictive game like a robot.
Earlier quoted context omitted.
> Imo we should be lauding this brand new sector I disagree. Twitch/YouTube/TikTok didn't create a new kind of millionaire. They're simply celebrities. The only thing that arguably changed is that content production is so cheap and saturated now that consumers get a lot more choice in terms of who they want to watch, without being constrained by TV schedules and other distribution/logistics limitations. There is no "…
> I disagree. Twitch/YouTube/TikTok didn't create a new kind of millionaire. They're simply celebrities. Yes and no. They are celebs, but definitely a new style of celebs. They are your average Joe, with barely any special skill. They could be your neighbor or the dude next to you in a supermarket, and you wouldn't know. Furthermore, they are millionaire working from home, growing from home, with average equipment an…
This is not true. It is no more true for streaming then for acting, hosting tv show or entertaining in bar via magic tricks or playing music. The ability to produce entertaining streams is a separate skill. Not just in game skill.
> This is something which never happened before, not at this scale.
At the time when live music was a thing, there were definitely few thousands musicians able to live from it. Which is as large scale as successful streamers seem to be.
> growing from home, with average equipment and average products
Really, no more true then about musical instruments of the past.
Earlier quoted context omitted.
Do you really imply that playing the same game over and over again (with some variables but still) is the same as solving programming problems? The game is literally designed to hook you in and make you play one more and one more. You absolutely can autopilot through a game and still win. Don't get me wrong, the guy has a lot of dedication for sure. But playing League all day is really not like coding all day, I don'…
This comment shows a remarkable disregard for the level of skill required to compete at the highest level. You don't encounter a lot of autopiloting at the highest level of competition. The people you compete against are trying as hard as they possibly can to beat you, and it takes a tremendous amount of focus and ingenuity to outplay them and win. You gloss over the details of that monumental task with reductive phr…
It's the same as with any activity.
Time * dedication * (1 + natural talent)
> This comment shows a remarkable disregard for the level of skill required to compete at the highest level.
I've done both, I'm not disregarding amount of skill and dedication it takes. But it is completely different from programming.
Competetive gaming is akin to real sports, more about situation, luck and reaction rather than natural wits. All games are following patterns which you can learn just by spending time in game which adheres to limited set of rules defined by game logic.
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
Do you really imply that playing the same game over and over again (with some variables but still) is the same as solving programming problems? The game is literally designed to hook you in and make you play one more and one more. You absolutely can autopilot through a game and still win. Don't get me wrong, the guy has a lot of dedication for sure. But playing League all day is really not like coding all day, I don'…
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…
I have 3k hours in Dota 2. I know exactly what it is and how it works. It's really not. Not even close.
Earlier quoted context omitted.
The challenge is that many of them have unsustainable always-on relationships with their audience that seriously burn them out. Sure folks should be free to do what they want with their life but remember they're not the only ones getting the benefit, they're feeding a bunch of social and merchandising platforms that make big $ on their backs - so the question becomes, what responsibility does the platform have toward…
Do investment banks have a responsibility towards not burning out their employees?