But if he doesn’t win then how will he pay all those people? I don’t think this person understands how gambling works.
true gambling heads know that they’re due for a win and this time, they can’t lose.
99% of gamblers quit just before they win big
Shut down the LLC and disappear
In this scenario, you’re not a worker, you’re a start-up. Sure, 90% of all start-ups fail, but the potential reward for succeeding is worth the risk.
The derivatives worth nothing is their payment.
What, you don’t want to work for the potential ‘promise’ of money instead of actual money?
He chose the name TulipKing ironically, right?If humanity survives the incoming climate change apocalypse, distant-future “Introduction to the History of the American Empire” university classes are going to need prerequisite classes on a whole ridiculous range of financial topics. The tone of those classes will be a mix of amusement and incredulity, like current science history classes where they talk about phlogiston, the ether, and calorific media.
Calorific media?
creating incentives don’t work like that lmao
So here’s the plan. Buy up a shit ton of ads and hire thousands on credit. Then when we win we can pay them all off with plenty to pocket ourselves! What could go wrong?it can literally not go tits up. it’s foolproof. risk management? who’s that?
My tits are so jacked I’m scared to look down
Is that not how venture capital works? I thought that was the premise of the entire US economy.
for investors sure but for the workers the stock options and stuff like that are a bonus on top of salary. i don’t think even cryptobro programmers would work based on a token that only pays out 6 months later with a 5% chance.
I guess I was thinking that every business is basically a gambit where you take on as much debt as possible to trebuchet yourself into profitability hoping that an established company buys your out. If you have money to pay people it’s by virtue of the debt-buyout cycle. Then you get wealthy by virtue of 6/10 of your dogshit ideas succeeding while 1 of them goes parabolic. Before that it’s basically hard gambling on one idea surviving the chaos of business ownership.
bro we need gulags yesterday wtf am i even reading? who would think this is an idea worth putting out in the world
the great ponzischemeification has reached electoral politics
Isn’t this just literal bribery
Political campaigns hire people to work for them all the time. The difference here is there is you’re paying less because you’re gambling, so you’re paying them with monopoly money.
Says Law attitude. Thinking supply creates it’s own demand. In reality the bet would barely have any liquidity, the person won’t be able to buy the contracts at the price they imagine.
American regime politician proposes paying their workers in gambling tokens.
This is so unimaginative they are just parroting what crypto bros have been proposing decades ago. And the corruption in the previous election far exceeded this.
The biggest winner from crypto betting in the US was some random french guy.
There is not need to jump through all those hoops to pay off politicians in the US.
Dude invented paying for votes. Amusing but that’s gotta be illegal everywhere
“Paying someone to get me elected” is just a political campaign hiring a campaign manager and staff. I don’t think that counts as bribery, but it is paying them in monopoly money, aka shares in a long bet that will never pay out.
Yes, this creates an incentive for them to vote for you, but those 20 votes aren’t going to win you the election. A similar incentive exists if you are hired by any political campaign; if they win you maybe get a job in their staff.
They’re not paying for 20 votes, they’re “paying” 20 people to work for them.
The odds of me getting lou gehrigs disease in the next year is 0.01% which I have a YES position on.
Tulip king selfawarewolf
