2,312 karma · joined July 19, 2009
These days i heard, no one even tries. Not that it's impossible to make a profit - it's just that automated betting on a fresh line is impossible to conceal anymore and you are banned after 1-2 bets.
I didn't mean to say that China is set for failure as a nation. Merely that it will eventually become again fully "socialist"/"communist" rather than remain a hybrid system it currently is.
I don't think anyone assumed it to be any different. This is the case in every non-democratic country and this is exactly why capitalism is inseparable with democracy (because there won't be capital when there is no system that ensures that it won't be arbitrarily taken from you, with you thrown into "re-education" camp). Similarly, socialism is inseparable with authoritarianism because give people real voting rights and they will vote socialism out. Hybrid regimes that have been attempted, quickly flipped onto one or the other side - democratic capitalism, or authoritarian socialism - because they are unsustainable and can only be maintained for some time with careful management.
- Freelance platforms. Hard-mode multiaccounting (passport scans, rented RDP servers, auto clicking apps, drop cards, etc), hard squeeze tactics.
- One-time luck that ran after at one point, to never return.
"Networking" may work if you are a Stanford graduate hanging out in go-to places in the Valley, but not if you are a European, much less if you are an Indian. I never met a single person who could probably be my client. Most are too poor, the remaining ones are too smart.
That's corruption and nothing more. End it and imprison everyone who ever had a tangential relationship to this system, for life - to ensure no one will try to pull this sort of "regulatory capture" again.
To become rich, a country needs rule of law, guarantees of private property, democracy and institutional stability brought forth by natural selection by centuries of stable, functional legal system. There are no hacks to that. Countries that lacked it, only became rich for a short time on a temporary hack then plunged (Japan) or will inevitably plunge back (Saudi Arabia), when trick stopped working.
This will be especially true in the era of falling birthrates. Because it adds an additional factor: ability to attract quality people. In the age of AI, quality people are well, those with deployable capital. They want to live in a country where their capital won't be confiscated and they won't be imprisoned at will.
As for Poland, i am extremely surprised too.
And of course, it makes the rest of the world MUCH better off because Russia can't be much of a trouble anywhere else. It already let Syria and Armenia shake them off because they had no resources to spare.
(2) is negated very simply - have both old door key AND digital security key which auto closes if there are unpaid bills for say more than 5 business days.
Also perhaps there should be a new field for startups (yes i'm aware of 'proptech' but there has to be more than that), that will collect dirt on tenants to threaten them with legal consequences unless they pay.
And yes i can relate to that. In 26 years of career, about half of the money i made and all of the money i saved, came from 3 clients (over the course of less than 5 years), all 3 of them being scams - one swindled investors for a thing he knew can't work, another one did a legit thing but when he realised it failed, exited to a dumb megacorp and ran away (literally vanished) when they started to realise they've been duped, and one more was in crypto field and whole project - which to me, all the way until past release, looked like a legit porn site - had a goal of imitating activity/interest to boost value of a crypto token.
Even before i picked up coding - and i did it when i was in early teens around the fall of Communism - i knew coding as a separate field and a business was invented exactly for that purpose: it's a lot easier to steal money that way because it's a lot easier to inflate costs vs buying physical products.
No surprise the party is over. People can't be duped for too long.