6 ms·
"So you're telling me there's a financial exchange for Magic The Gathering players? How do I put all my money in this?" -Someone in 2010
by optimalsolver 9mo ago
"So you're telling me there's a financial exchange for Magic The Gathering players? How do I put all my money in this?"
-Someone in 2010
- djaouen 9mo agoDon't joke: I once knew a kid who invested all his savings in a company because he liked computer games; that company was Nvidia!
- _n66o 9mo agoIndeed, obscene wealth is never funny
- mistrial9 9mo agobet he won't return your phone call now !
- djaouen 9mo agoWe fell out of contact long before Nvidia blew up: hope he's doing OK!
- ekropotin 9mo agoThat’s cool, but kids usually don’t have a lot of savings.
- mothballed 9mo agoPassing KYC for a brokerage is also a challenge nowadays, especially if your parents have the paperwork. When I was a kid I walked into a bank, opened an account with no ID and no parent permission, and that was that (I encouraged a friend to do it as well, their overbearing dad raged at the bank after he found out but even then it wasn't closed). Can't imagine that's even possible anymore. Of course it wasn't that long ago there were bearer shares. You could just hand a kid a physical piece of paper, and that was that, they owned part of the company. Bearer shares were another thing eliminated after the FATF went on their sadistic attack on privacy and self custody of many forms of financial instruments, eliminating one of the easiest ways for kids to handle investments directly in their hands.
- lifestyleguru 9mo agoNowadays you cannot even digitally transfer 15k EUR from your own bank account to your own brokerage without answering invasive questions, 15k EUR which had been taxed at least once already. Oligarchs, dictators, high figure politicians, and white collar criminals don't seem to have problems with money transfers though.
- deleted 9mo ago[deleted]
- AlotOfReading 9mo agoAs one of those people, the original meaning behind the name wasn't widely known. Plus, the dozen or so bitcoins I bought at <$1-10/coin were probably going to end up worthless, so preventing their loss wasn't a particularly big concern.
- mcculley 9mo agoA lot of people seem to still use the service that was first hosted at airbedandbreakfast.com despite an unwillingness to rent an airbed.