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Addiction Markets

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381–390 of 479 posts

Re: Addiction Markets

#381
post #131

Earlier quoted context omitted.

In the early to mid 2000s we used to do MTG booster drafts at the local game shop. Maybe the experience was different for different people.

I knew a guy back then who would blow hundreds every couple of weeks on booster packs. It was surreal to watch. MTG was everything to him. This was around 2002—2004.

A couple hundred every couple weeks doesn’t seem that bad for a hobby you enjoy

Re: Addiction Markets

#382
post #353

Earlier quoted context omitted.

> Addictions are a symptom of having an excessive amount of free time, floating money and lack of fear of reprisal from family and society and lack of basic wisdom. Sure, or any of the other million reasons people get addicted, like despair, or other healthier activities being too expensive. Super weird take.

Explain why there were hardly any addicts among peasant communities in rural third world countries back in the 70's or 80's.

You don't think they had alcoholics? Why?

Re: Addiction Markets

#383
post #298

What happened to America. Maybe 70's or 40's were it's peak. Every activity has become a betting. Investments, sports, relationships, home-buying. Addictions are a symptom of having an excessive amount of free time, floating money and lack of fear of reprisal from family and society and lack of basic wisdom. Excessive prosperity breaks social rythm. It removes dependencies and relations across individuals. It's like…

Notice that whenever anything happens in the US, especially on the negative side, the first question that pops up is usually "How will this affect the stock market?".

Re: Addiction Markets

#384
post #368

Earlier quoted context omitted.

A state is funding essential public services not through productive economic activity, but by extracting money from people losing bets

Taxing productive economic activity is bad

That's... kinda ridiculous? It sounds like you're just against taxation period. How should a government fund itself?

Re: Addiction Markets

#385

Earlier quoted context omitted.

> In the US, the Democrats as a party are center-left. The case of US Democrats is an example of how useless the 1-dimensional classification is. They can be very socially progressive which would seem to put them well into the "left-wing" territory, but economically they're in the right-wing territory. Economically speaking, a candidate like Sanders (considered to be too radical even by the Democrats and painted as a…

Ok great, now do other continents? I'm not sure what the obsession I often read is comparing politics with other Continents, not countries. There are some EU laws that are more conservative and some that are less, proponents of policies often cherry-pick the ones that match their ideology leaving out others. Even worse is they ignore the problems that the policies they agree with are causing those countries, but ends…

We're not discussing whether policies are good or bad, just where they happen to sit on the political spectrum. If you feel like something material is missing, add it, I can't read your mind.

Re: Addiction Markets

#386

Earlier quoted context omitted.

The Pokémon card mania in particular is deeply weird to me. I play Magic at a local card shop a few times a month and it’s always full of people playing Magic, D&D, or various board games. I don’t think I’ve seen a single person playing the Pokémon card game. So who’s buying the valuable singles? What’s keeping the market afloat? It’s bizarre.

Pokémon TCG seems to have turned into a contest among opportunistic resellers to see who can buy up all of the cards and sell them to ... collectors? Other resellers? Who knows? Which is a shame, since the game itself is actually fun. Or it would be if you could buy the cards easily and cheaply.

a recent few shorts / scroll to see them: https://youtube.com/playlist?list=PL1RY5RYlgymrW3mZVmJOVUOnF...

tldr: fights, and watch someone buy the entire shelf at walmart in one transaction.

Re: Addiction Markets

#387
post #15

Earlier quoted context omitted.

Gamblers know the odds are stacked against them yet they end up stuck in a psychological prison within their own brain that they can't escape from even if they realize what they do is harmful. Maybe a better law: check id, you are not allowed to take from any gambler more than 10 bets a year and no bet can be over 1k. For big gamblers, we can have "qualified gamblers" rules like we do for qualified investors. Funny h…

Gamblers know the odds are stacked against them and still gamble...because it is fun. You realise that people waste their money on things that are significantly less understandable than gambling. Do you see someone driving a Ferrari and seethe with rage because Ferrari doesn't run a "qualified driver" program?

Ferrari cars hold their value pretty well if you buy them slightly used.

Either way, Ferrari is selling cars. Not dreams of riches.

Re: Addiction Markets

#388
post #16

This line from the ads always strikes me as darkly ironic: > if you need help making responsible choices, call… Like, the only “responsible” choice is not to gamble online. What do they even think we’re supposed to take away from that line of the commercial?

> the only “responsible” choice is not to gamble online I don't gamble at all in any form, but I still firmly disagree. Some people enjoy gambling in a way that never hurts them-- I've known countless friends and coworkers who talk about doing a bit of it in Vegas or what have you. You're saying every last one is a degenerate gambler somehow concealing it totally from me? They know they're not going net positive on t…

[dead]

Re: Addiction Markets

#389

It feels like banning advertising for gambling would be a sweet spot between harm reduction and maintaining individual liberty. Sports gambling ads have ruined sports media. State lottery ads are even worse. The government should not spend money to encourage its own citizens to partake in harmful activities.

Banning anything is the opposite of liberty. There is no sweet spot, either banning, or liberty

> The government should not spend money to encourage its own citizens to partake in harmful activities.

That's what goverment ever do.

Re: Addiction Markets

#390

But if you want to outlaw this harmful activity [licensed gambling], you have to find a way to replace 6.4% of Maryland’s budget, which is slightly less than the entire amount the state brings in from corporate taxes. A fraction of the proceeds of losing bets from a fraction of Maryland's citizens contributes almost the same to state services -- EMS, education, road maintenance, etc -- than the total corporate taxes…

The incredible part is how that's only a tiny fraction of the profits the owners of that gambling operation are extracting from the citizens of maryland. Gambling addiction is a big in the human firmware, and we shouldn't allow private businesses to benefit from it, to the extent stem bwe can reasonably prevent it. Make the state the only source for gambling, make it low-dopamine, and get all the benefit for the state, with a sizable chunk devoted to treating gambling addiction.
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