Sociopath Community

from ChatGPT:

The article excerpt suggests the diagrams are explaining something like:

Buy Outcome A on Market X for 48¢.
Buy Outcome B on Market Y for 47¢.
Spend 95¢ total.
Receive $1 regardless of outcome.
Earn 5¢ profit.
That's the foundational arbitrage diagram I'd expect.

What I find interesting is that you're immediately thinking, "I could do this." You probably can understand it. The question is whether you would enjoy the reality of it. The reality may be much less like solving elegant equations and much more like:

monitoring markets,
checking settlement rules,
handling fees,
writing scripts,
managing risk,
and competing with automated systems.
In other words, the math may be the easiest part.

The math probably gives you an edge in predicting short term fluctuations in the price. However, the math behind arbitrage is incredibly simple.

Suppose you have crypto in exchange A and B.

In exchange A, the price is 6k, in exchange B, the price is 6.1k.

You buy 10 crypto coins in exchange A, and sell 10 crypto coins in exchange B. You will have netted 1k, minus fees.

Then you can also chain coins to exploit price differences. E.g., suppise coins X Y and Z within an exchange are priced differently. In that case, if selling->buying X->Y->Z->X is a net positive over fees, you can execute fhe trade until price difference disappears, and earn the net of each price difference times however many times you managed to execute the trade.

The basic math is not that complex, but maybe you can use probability theory to gain an advantage over the high-frequency bots. Most things that work are pretty simple.

Personally I like stocks, they make enough money for me and dont require me to watch over them all the time. Passive income. I follow Warren Buffett's advice. Invest & forget, and my money goes to good use, to helping people. It works even if the time window is 30 years, and most of the money I net is from honest work. If I decided to make money I'd likely start my own company to create something, not play bot games. I'd be good at bot games, if I didnt feel it was beneath me.

I look up to people like Elon Musk who use their resources to create tangible things. In the end, honest work is always what beats all these shortcuts.

If you want to make money, then let Claude scour data on every market that could be qualified for arbitrage and find the least efficient one. If it's a local website in Spanish or Italian or something you're in luck, assuming you dont need to be a citizen to sign up. If you have access to some local market that only a small percentage of people are qualified to access, with your id, then youre also in luck.

Then target those markets.

Jada said: 

I look up to people like Elon Musk who use their resources to create tangible things. In the end, honest work is always what beats all these shortcuts.

Not to sound whiny, but he inherited most of his wealth and bought up existing businesses which is usually how wealth works in general as statistically disparity doesn't match up to intellectual disparities or otherwise. There's been a lot of research that explains that the underdog fantasy often fails to understand industrial and wealth realities when it tries to reject more deterministic and static realities.

Dragoonback said: 

.There's been a lot of research that explains that the underdog fantasy often fails to understand industrial and wealth realities when it tries to reject more deterministic and static realities.

 You should really say what you mean here otherwise it tends to sound stilted. Am I right?

I think you want to say the underdog fantasy is not accurate.

Or rooting for the underdog is merely a fantasy and does not consider those who achieved their wealth by other means (namely generational wealth.)

I think you are trying to tie in too much without spelling it out. You might be trying to say generational wealth is in stasis (“static”) or status quo.

I think also determinism could be inaccurate here for what you are trying to get across, in my opinion. Maybe try fatalist.

Ofvalue said: 

I think you want to say the undergo fantasy is not accurate.

Or rooting for the undergo is merely a fantasy and does not consider those who achieved their wealth by other means (namely generational wealth.)

 umm yeah what she said. I was just trying to take into account a common response of "successful" businesses but I'm not great at explaining shit.

Dragoonback said: 

Ofvalue said: 

I think you want to say the undergo fantasy is not accurate.

Or rooting for the undergo is merely a fantasy and does not consider those who achieved their wealth by other means (namely generational wealth.)

 umm yeah what she said. I was just trying to take into account a common response of "successful" businesses but I'm not great at explaining shit.

 Haha I kept typing undergo for underdog in the original — it might be two words.

@Dragoonback If you want to see something interesting about how courts ruled on how businesses operate see the lawsuit Elon Musk brought against Sam Altman “simplified”. When I use Google Gemini it breaks it down into the Accusation, the Defense, The Result, very simply. Elon Musk, who was curtailed by the statutes of limitations, alleged that Sam Altman misled him into pouring tens-of-millions into an organization that was restructured into a for-profit venture. (I wrote that synopsis)

Dragoonback said: 

Jada said: 

I look up to people like Elon Musk who use their resources to create tangible things. In the end, honest work is always what beats all these shortcuts.

Not to sound whiny, but he inherited most of his wealth and bought up existing businesses which is usually how wealth works in general as statistically disparity doesn't match up to intellectual disparities or otherwise. 

 Sounds whiny. Elon never inherited any significant wealth. Not from his Father. To say he inherited most of his wealth, that's from the Orangeman bad programming installed in you. (Trump went bankrupt 6 times, making him a time billionaire, but that's another story.)  

2 days ago Elon became a trillionaire. 

Self-made score 8/10

To say he inherited "most" of his money is kinda funny considering he's got more money than the following 4 billionaire ranked after him combined. Pretty soon it's going to be 5 ranks combined. 

The new SpaceX stock, which is what drove Elon from 800B to 1.1T

Self made millionaire. Paypal mafia.

- Tesla = Bought

- The Boring Company = Created

- SpaceX = Created

- X = Bought

- X Ai = Created

- Starlink = Created

So this guy can put anything he wants into space, has a Tesla Roadster orbiting the sun as we speak, set up high speed internet globally from space. Like Skynet. It is literally Skynet. Robots controlled through the internet for a hostile takeover. Elon has the infrastructure to do that. You can be so far out in the middle of nowhere, and the only usable signal in the air, is that Elon signal.  

Rockets that land. He put the US back into space. 

The Boring Company ? Part of his plan for Mars. He's going to send Ai with bodies over there to do the prepwork.

X Ai. Damn. The largest Ai data center in the world. Grok is still a baby, and it has the resources to overtake Claude.  

X. Had to be done. He bought it and purged it of demonic influence lol. Oh how shaken they were. 

Tesla's are robotic Ai vehicles. The first self driving car available to the market. The older models also get this upgrade making them a better car than when they first came out years ago. They are some of the fastest cars on the road. The speed is set by software if they wanted to they can make them illegal for the street. Model S is a freak quarter mile drag race machine. The damn car plays triple A games.  Some car companies are already a 100 years old. They are all old, but Tesla is still young in human years. And it's the most valuable car company right now. 

People will complain, it wasn't all him. Sure. It really doesn't have to be all him, bloody no one gets this much done without others, but he for one was crazy enough to say, "We're doing this" and actually got it done with more on the way.  Guy wants the best version of the Roadster II to have what he calls a SpaceX package. Basically the car will have rocket boost. I think he's actually gonna do that. 

If Elon lost his marbles, he can literally turn into Cobra Commander. Foreign Governments are shaken by Elon. Russia is shaken by him providing Starlink to Ukraine, at a great expense. Lets see. Elon shook 8 governments ! Some are bad ass, some are woke like the UK.

I'm pretty sure at this point, Elon gave his Father more than his Father ever gave him.