Hacker News Reader

Comment by cj | Hacker News Reader

If the goal is to profit off of bombing other countries, why do you need Kalshi?

If you have advance knowledge of an attack, there are much less conspicuous ways to profit off that.

Who cares about being conspicuous anymore? The president openly takes crypto bribes...

In fact, open corruption is preferred because it creates a co-dependence to prop up the system. It puts you under then thumb of the administration because they can decide to enforce the law at any time.

Keep the rats in line by threatening to sink the ship, so to speak.

Nothing this administration does is subtle, inconspicuous or thought out.

What's the less conspicuous way? Oil futures are more conspicuous. Though I'll bet he's doing that for someone less directly connected.

It's just another avenue for grift. In corrupt governments, the people up top ration out minor grifts to subordinates to keep them loyal.

> there are much less conspicuous ways to profit

What about this administration makes you think that's important to them?

"can't be brazen corruption because it's too obviously brazen corruption"

It's shocking that 10 years in people are still falling for the "it can't be X, because X would be too obvious and stupid" trap when it comes to Trump-land.

as well as all the other points everyone else made, less conspicuous ways to profit may also have upper bounds, even if a prediction market has upper bounds two sources of profit will probably allow you to profit more than one.

it is true that a smart operator may like to profit only in the less conspicuous way, but what would cause you to think that applied to Trump and his family?

These people are seasoned grifters. They don't look for one big winning ticket, but rather multiple streams. A million here, a million there, pretty soon you're talking real money. For your rank-and-file workers that's serious.

Like what?

Reply on news.ycombinator.com