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'Hairdryer used to trick weather sensor' to win Polymarket bet
261–270 of 270 posts
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#262Earlier quoted context omitted.
Wage theft is the largest form of theft by a wide margin. Everything from not paying people at all for contracted work, forcing people to work overtime without additional pay, structuring contracts/agreements in terms of bonuses that can never be attained with the insane performance requirements, to paying people late.
To be fair, in most states you don't even have to sue to recover back wages. You just file a report with the state labor board, who are empowered to bring legal action on your behalf.
And that might take years if anything happens at all, this isn't an easy process and one that will absolutely end in retaliation in most work places.
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#263Earlier quoted context omitted.
The markets make their own TOS and define the burden of proof needed to overturn a bet. They don't want tampering to risk their cash cow, so I'd imagine they are going to be proactive.
They don't want the appearance of tampering. They don't really care about tampering itself because they make their money either way. So as long as you are subtle about it they won't even investigate, as a public investigation would make it seem like tampering was common.
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Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#264Earlier quoted context omitted.
Fiat money is obviously more destructive, but you'd have to do some basic research to figure that out.
Here's a thought experiment for you: if "fiat currency=bad" and "hard money=good", why did the world collectively switch? Where are all the prosperous societies that held the line?
They were forced to switch when the dominant military power decided to rugpull on August 15, 1971.
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#265Earlier quoted context omitted.
If it exists, and money can flow, it will be gamed.
We should have much stricter penalties for fraud. Vastly more money is stolen this way than by petty theft or robbery, but the perpetrators tend to get off very lightly by comparison.
Theft and robbery are not just monetary crimes, that's why the penalties are different.
Theft almost always has a component of violence done or threatened against a person and robbery involves violating a persons formerly thought-to-be safe space. There is a large psychological/emotional component to these more petty crimes. It's mostly not about the money, it's about what you had to do to get it.
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#266This is small potatoes compared to the rain gauge tampering farmers were doing in Colorado. There was a recent conviction for $6.5 million dollars of fraud against the federal crop insurance program! https://www.justice.gov/usao-co/pr/two-southeastern-colorado...
People have no idea how pervasive this is globally.
When the primary means of survival is via acquiring currency, you create an incentive to acquire it by "any means necessary".
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#267> There are no indications so far that the successful punters have had to return their winnings. However, the data source for Paris’s hottest temperature has since moved to a sensor at the smaller Paris-Le Bourget airport. Here's the negative externality that no one will care about. There's no reason gamblers won't repeat this stunt, until us poor schmucks who just want an accurate temperature reading have to build a…
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Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#268Earlier quoted context omitted.
Wage theft is the largest form of theft by a wide margin. Everything from not paying people at all for contracted work, forcing people to work overtime without additional pay, structuring contracts/agreements in terms of bonuses that can never be attained with the insane performance requirements, to paying people late.
>Wage theft is the largest form of theft by a wide margin I doubt that is true in the US for sensible definitions of wage theft. >structuring contracts/agreements in terms of bonuses that can never be attained with the insane performance requirements I disagree that this is theft although it might be exploitation if the employee has less experience or knowledge than the employer.
> I doubt that is true in the US for sensible definitions of wage theft.
It is absolutely true.
Here's the raw data, you can look for yourself. Kind of shocked someone on HN doesn't already know this.
https://www.dol.gov/agencies/whd/data/charts/all-acts
> Wage theft in the U.S. is a massive, underreported problem, with estimates showing employers steal over $15 billion to $50 billion annually from workers. This surpasses the combined value of all reported robbery, burglary, larceny, and motor vehicle theft, which totaled significantly less, making wage theft the largest form of theft in the country.
https://www.epi.org/publication/wage-theft-bigger-problem-fo...
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#269Earlier quoted context omitted.
Here's a thought experiment for you: if "fiat currency=bad" and "hard money=good", why did the world collectively switch? Where are all the prosperous societies that held the line?
They were forced to switch when the dominant military power decided to rugpull on August 15, 1971.
Exactly how did the US suspending conversion of its dollar to gold prevent other countries from using hard currency instead of fiat for their own?
Re: 'Hairdryer used to trick weather sensor' to win Polymarket bet
#270This is a textbook oracle manipulation problem, and it's one that prediction market designers have been worried about since the early Augur days. The fundamental issue is that when market resolution depends on a single data source (one weather sensor), the cost of manipulating that oracle can be far less than the payout from the market position. A hairdryer costs $20; the market position could be worth thousands. The…
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