Affiliates Flock to Scam Gambling Machine
Original: Affiliates flock to scam gambling machine
Key topics
As scammers increasingly flock to a dubious gambling machine, commenters are drawing parallels between the proliferation of scams and the Second Law of Thermodynamics, suggesting that societal systems tend towards chaos and deceit if left unchecked. Some are highlighting the layered nature of these scams, where crypto and unregulated games create a "fractal scam" that preys on those seeking to exploit others. While some argue that gambling against the house isn't inherently a scam if the odds are transparent, others counter that the lack of regulation inevitably leads to exploitation, illustrating a grim Nash equilibrium where unscrupulous actors thrive. This debate feels timely as it shines a light on the darker side of emerging technologies and the importance of regulation in maintaining fair play.
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- 01Story posted
Aug 30, 2025 at 6:24 PM EDT
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For my money, games where people pay to win worthless digital goods are far more scammy than a fair game of Blackjack in Vegas where you actually might come out up.
The other aspects you mentioned are the scam.
I think about this as entropic decay - the lowest energy state of a social system (Hobbes' state of nature).
Lucky it is possible to create social and economic systems that use cooperation to produce better individual and group utility (dissipative structures). But there is a particular arm of politics that is currently dismantling these to feast on their cores.
The $2 is only if you choose to do it online.
Bonus: Doing it with paper means you don't give your information to the address change web site operator, which sells it on to a million companies.
But with Fake AI - tech has finally found its "waterloo". I wont feel a damn bit sorry for any of these people when it blows.
Adam Moelis told CNBC in June 2024 that 85,000 Yotta customers, with a combined $112 million in deposits, could not access their funds.
https://en.m.wikipedia.org/wiki/Yotta_Technologies
Eep!
I never really understood why people thought this was misleading. FDIC insurance would insure against the underlying bank failing, not Yotta or their fintech partners.
I never saw any marketing material claiming that Yotta (or their fintech partner: Synapse) was a licensed bank.
The ironic part is that the government already tracks all payments everywhere in realtime and ingests them into a huge database. They could provide such a threat intelligence feed but that would tip their hand and remind the public that they have precisely zero financial privacy even if they're not suspected of a crime.
It’s likely that these MVMs would become a fairly significant target.