⚯ Michel de Cryptadamus ⚯Nov 1

the latest and greatest from Marc Andreessen’s #a16z is #Coverd, an app to let you gamble on your child support payments and #OnlyFans bill.

no, really. and they’re also launching a credit card which promises 100% cash back or something? this is truly the “american dynamism” we were promised.

#broligarchy #nerdreich #uspol #finance #economics #MarcAndreessen #crypto #predatoryLending #paydaylenders

Show threadAndrew GoldingNov 2
@cryptadamist They seem to have invented "Have Fun Staying Poor: The Game" and think it will catch on.
Show thread⚯ Michel de Cryptadamus ⚯

@huronbikes #a16z and #MarcAndreessen were most infamously behind #AxieInfinity, which was literally just gamified debt bondage for citizens of developing countries

https://time.com/6199385/axie-infinity-crypto-game-philippines-debt/

A Crypto Game Promised to Lift Filipinos Out of Poverty. Here’s What Happened Instead

Thousands of Filipino players entered the crypto game last year, only for predatory structures to arise. Then the game's economy crashed.

Time
Nov 2 at 5:15pmWeb
Show threadAndrew GoldingNov 2
@cryptadamist oh, yeah they did do that too. I guess re-invented "Have Fun Staying Poor: The Game" with dumber gambling?