Also, interesting comment I found on HackerNews (HN):
This post was definitely demoted by HN. It stayed in the first position for less than 5 minutes and, as it quickly gathered upvotes, it jumped straight into 24th and quickly fell off the first page as it got 200 or so more points in less than an hour.
I’m 80% confident HN tried to hide this link. It’s the fastest downhill I’ve noticed on here, and I’ve been lurking and commenting for longer than 10 years.
Not a huge surprise, they’ve got a long history of doing all kinds of scumbag shit. Nobody should be surprised when the leopard eats their face.
Jesus. Something shady is happening with cloudflare.
That does not inspire confidence.
0F,
The biggest red flag is the up-front payment for a year, gives the indication that they are in actualy financial trouble, meaning short in cash right now.
Fucking idiots could have been just increasing the price yearly without any resistance, it’s unlikely a big casino would care about an extra 50-100 per month.
The biggest red flag is the up-front payment for a year
Another comment pointed out this was probably to prevent them from signing up for a month then using that month to bounce to another provider
I think it’s far more likely there’s some sales goal and or performance indicator at play here.
I’m pretty heavily invested in cloudflare. This news is definitely making me reconsider that investment.
What I can say, is their stock is looking very healthy. There are a lot of people buying a lot of stock for them and the prospect over the next 3 to 5 months looks very promising. The only way they wouldn’t have cash on hand as if they’re spending a ridiculous amount of cash on some project that I’m not aware of, and I feel like I would be aware of it.
This is very peculiar. Definitely warrants further investigation.
The only way they wouldn’t have cash on hand as if they’re spending a ridiculous amount of cash on some project that I’m not aware of, and I feel like I would be aware of it.
Maybe someone dipshit in marketing heavily invested in LLMs, since that’s the current hype among dipshits?
Cloudflare is publicly traded. They had $1.6 billion in cash or equivalents in December. Maybe they want to grease up the quarter to show better growth against the market, but that is a fuckload of cash.
or maybe it’s just a lower level manager who wants to polish up their revenue numbers to ask for a raise / promotion :) capitalists are ugly little critters like that.
Exactly my thoughts
It’s because CF could see that moving to another provider would be too difficult for them. If they went month to month then they would be gone after one month. So CF decided to go with extortion instead. Either pay for $120k, or CF will set fire to your business.
As I said in another comment: The up-front payment is the only thing that makes sense for Cloudflare. You got a customer that’s costing you money each month. They broke ToS. You offer them a deal still to keep the services running. And their CEO/CFO tells you they are looking at other providers like Fastly.
If Cloudflare gave them a monthly contract then the casino would simply pay for a month and switch over their services to a competitor in that time. So Cloudflare loses all the money from the past (where the casino used far too much traffic) and will barely recoup 10k (minus the running cost, so more likely 7k at the high end) for a single month. It’s just not worth it.
So they offer: Stick with us for a full year at least or get fucked. Which is fair.
This scenario would mean major negligence on their part, as they had been with Cloudflare for years. When it was clear their services were costing more than the business plan paid for, that’s when they should have been contacted with clear numbers and a sheepish admission that “unlimited” doesn’t actually mean unlimited. It certainly seems shady to me that they attempted to make it about a TOS violation, that there’s no public information about enterprise level and pricing, and that the second they said they were talking to a competitor they had their data purged. It sounds like a failed attempt at extortion to me.
Read to me as:
Look, for a ToS-breaking [and/or] legally questionable site, we need a LOT to make it worth our while given we could be named as co-defendants someday - and obviously we’re not saying [cough] you’re a sketchy business we don’t want, because if we said that then we shouldn’t take bribes and should cancel you no matter what, so please read in between the lines.
If you are cloudflare and you suspect they broke ToS you quote which ToS has been broken, you specify which country blocking the customer is trying or has tried to circumvent and you force the customer to either move away or enforce geo-blocking for those countries (or have a separate account for those with your own IPs). There is no reason to cancel the whole account if the blocking is country-specific and there is no way that 10k a month is anyway a sufficient benefit for cloudflare for their IPs to be blocked in a country (affecting potentially hundreds or thousand of customers).
I don’t think I particularly agree with this take, but it’s an interesting perspective.
CloudFlare don’t need to subsidise an online casino with millions of subscribers, at everyone else’s expense. Sure CF are a bunch of gigglefucks but this time I think they made a good decision.
Unless the casino is doing something illegal, it’s really not their decision to make. If they don’t want to subsidize them, all the’d have to do is be transparent and fair in their pricing. They way CF handled it instead just seems unprofessional and deceitful.
Exactly right.
If they are somehow losing money routing traffic then their pricing is fundamentally wrong, which is just as big of a black eye for cloudflare.
Now they’re getting $0 and bad press, so no I don’t think they did.
$0 is better than having a customer whose costs exceed their revenue; it looks like the bad press is being managed; and also fuck online casinos very much.
Just because you don’t like online casinos, doesn’t mean cloudflare didn’t completely fuck this up. They could have negotiated reasonable terms to increase their revenue on this account instead of going the route of stonewalling and extortion.
So not only did they lose this customer, but this bad press will ensure a lot of others never sign up with them, potentially costing them millions in foregone sales.
Yeah this was a massive boondoggle…
Are these millions of potential customers in the room with us?
If they’re charging $120,000 per client, it only takes 17 potential lost customers to constitute “millions.” It’s realistic that at least 17 companies might be put-off with the way this was handled.
On lemmy and substack. The damage will be minimal and forgotten.
I read the post and it doesn’t sound abusive at all
Plus: cloudflare kept putting them in touch with the sales department. Not legal. Not technical support
It’s just shit customer service, even if the customer is making a ton of money compared to your fees. Should a casino pay more for other services, too, just because they" don’t need a subsidy"?
As strange as this may sound… if you’re having serious technical problems, it’s the sales team you want to talk to.
Sales people have way more pull at tech companies than the engineering teams do. If your sales rep sounds an alarm, people listen. When tech support sounds an alarm, nobody bats an eye.
In this particular situation, they should be reaching out to cloudflare’s legal team. But, with their own legal team.
Good luck with the lawsuit for breach of contract when you broke the contract. I’m sure the judge will be amused.
Subsidise how? They were using their existing plan as intended and even willing ditch the grey-area parts. If CF cannot afford to offer their plans as they are, they should change the offered plans, not hunt for easy prey.
Clearly CF were losing money on this account, so their other customers were subsidising.
Ah fuck it, I’m clearly at the bottom of a dog pile here, and I don’t want to be friends with any of you, nor am I going to start thinking that an online casino deserves anything but contempt, so I’ll be off.
No no, you’re really not far off. Few, if any people here are advocating for CF to continue to provide the same services for the same price. It seems clear to most (including the author) that a price increase was justified. The problem we’re all having is how they went about it, agnostic of the client.
(I don’t care who the client was and don’t care one way or the other about online casinos.)
It’s not the decision to ask more money, it’s how they made it and in violation of their own terms of service, also extortion, so yes they are dipshits.
Is there? The casino is on a cheap $250 a month plan they don’t belong on and they broke ToS with the domains. While also costing Cloudflare money each month (as the casino admits themselves, their traffic alone is worth up to $2000 a month).
It’s absolutely in the right of Cloudflare to drop a customer that’s bothersome. Casinos usually are (regulations, going around country restrictions), them costing them money on top is a massive issue.
120k a year is a big slap of course, but it’s probably the amount Cloudflare would want to keep them on as a customer. If they leave, so be it.
I’ve seen it several times before at companies I worked at. They cheaped out and went with a tiny service plan to coast by. Or even broke ToS because it would be cheaper. That usually got stopped by plans getting dropped (GitLab Bronze for example), cheap plans getting limited, or the sales team sending a ‘friendly’ message that we’re abusing their plan and how we’re going to fix it. If you don’t play along at that point you’re going to get the hammer dropped on you.
It also wasn’t 24h as the title says, the first communication happened in April. At that point they should have started to scramble, either upgrading to a bigger tier immediately or switching providers. And it’s totally normal to go to the sales team when you break the ToS of your plan or you abuse a smaller plan. They’re going to discuss terms, it’s not a technical issue.
The first communications were intentionally misleading though. CF wasn’t trying to solve a problem, they were trying to sell a service. If CF had just led with “upgrade or we nuke your site” then that’s scummy, but fair. Leading these guys on about technical problems and “trust & safety” bullshit was not fair at all.
Is that the first communication though? I would really like to hear Cloudflare’s side of the story.
There were 3 issues at once, so “trust & safety” is definitely part of it.
- Too much traffic use, this is purely a billing issue and CF probably wouldn’t even care (they haven’t for years) despite losing money
- Violating ToS with the domains, a minor infraction probably, but enough to cancel the contract
- This is the big one: CF uses one pool of IPs for all customers, the IP of a gambling site (like a casino) will get banned by ISPs of various countries (Gambling being illegal, strictly regulated and so on). This is the trust & safety issue, CF is actively hurting by keeping this customer. The enterprise plan they want to push them to has ByoIP (Bring your own IP), which would probably have been one condition of keeping them on. CF could have communicated better (if we got the full story here…), but for $250 a month they’d much rather kick the customer off their service
So maybe fucking say that?
And understandably you wouldn’t switch plans if all you’re talking to is sales without context.
That Cloudflare were justifiably unhappy with the situation and wanted to take action is fine.
What’s not fine is how they approached that problem.
In my opinion, the right thing for Cloudflare to do would have been to have an open and honest conversation and set clear expectations and dates.
Example:
"We have recently conducted a review of your account and found your usage pattern far exceeds the expected levels for your plan. This usage is not sustainable for us, and to continue to provide you with service we must move you to plan x at a cost of y.
If no agreement is reached by [date x] your service will be suspended on [date y]."
Clear deadlines and clear expectations. Doesn’t that sound a lot better than giving someone the run-around, and then childishly pulling the plug when a competitor’s name is mentioned?
Considering the perspective of the poster, the misleading title, etc - are you actually sure they didn’t?
Until Cloudflare responds to the post, it is IMO most beneficial to assume that the OP is being truthful and forthright. Doing so puts pressure on Cloudflare to either clarify or rectify the situation, whereas treating Cloudflare as though they are above suspicion accomplishes nothing.
After all, OP is very much the little guy here.
Eh, I have a couple of issues with that. For one, I doubt CF would even respond to this. I could easily see them using this very writeup to sue, with all the admissions in it.
The bigger part though, is calling an online casino, whose own IT team (the writer) admitted they were knowingly abusing the plan they were on, the “little guy”.
Are they small in comparison to Cloudflare? Absolutely, those schmucks have way too much control of the internet. Calling an online casino, whose own staff lied in the title, the little guy though… Doesn’t sit right with me.
No, I’m not going to side with them, or with CF. I’m going to make my assumptions off what I know (two terrible companies, one of which has a liar writing an article where they pretend to not have admittted to their own lies about the subject), and I’m going to assume this:
- Terrible casino used a plan they know they shouldn’t have been on.
- Terrible casino would have known what their traffic looked like for a long time.
- Awful CF noticed, and said “Hey guys, wrong plan, talk to sales.”
- Terrible casino threatened to just leave awfuo CF.
- Awful CF demands a year up front to ensure their costs are covered for previous abuse of the TOS.
- Awful CF figures “screw it, they are stringing us along, just cut them off so we don’t spend more money. TOS violation makes it easy.”
- Idiot IT from terrible online casino writes an article (stupidly) in which they admit to TOS violations, and pretends not to know about their own traffic from a resource they are relying on.
Seems pretty obvious to me. Barring further details, my assumptions are based on what I know, and I am perfectly happy sticking to that.
You do you.
That would have been a mature thing to do.
From the additional info I read, it sounds more like the traffic wasn’t the main issue.
Gambling is forbidden in a lot of countries or heavily regulated. Cloudflare uses a common IP pool for all customers, so a casino customer would possibly get their IPs blacklisted (by various ISPs). The Enterprise tier of Cloudflare has “Bring your own IP (ByoIP)”, which they probably wanted to force onto this problematic customer to protect their business.
So it’s actually a problem, not just them paying not enough (which is another reason to get rid of them as fast as possible).
I’d be interested to see if / how Cloudflare will respond to this. Because at this point I’m not 100 percent sure who is in the right.
Yeah I have no sympathy for a casino and as a software developer I would never work for one, but in the other corner you have a company with too much power.
Even if it wasn’t a casino, they could either be bullshitting or just be plainly incompetent. Like, idk them personally, but I wouldn’t rule it out lol
Today’s tech business model:
First you get the power, then you extort the money.
this is disgusting and knowing this, i will never pay cloudflare for anything nor recommend them to anyone ever
Realistically, this is why you pay for Akamai. You don’t get these shenanigans.
How the fuck were they still on a $250 dollar a month plan when they pumped through $2000 a month worth of traffic? That’s shady on the companiy’s part and Cloudflare shouldn’t have allowed it to happen in the first place.
Each party played their part here and did shitty things. Sounds like the tech equivalent of a crackhead arguing about selling stuff to the pawn shop employee.
I worked for Akamai for 7 years.
This is why, if your CDN infra is core to the operation of your business, you make your systems accommodate multi-CDN integration. Cutting one CDN off shouldn’t be significantly difficult, and it comes in handy during contract negotiations. All the major players work this way.
The $250/month plan supposedly includes unlimited traffic. If there’s actually a limit where you’re supposed to switch to a more expensive plan with no standardized price, maybe CF should say what the limit is?
They absolutely should have outlined a traffic limit for the $250 a month plan. That’s on Cloudflare for allowing it.
That said, if you make wildly excessive use of that loophole it probably shouldn’t surprise you if they do something like this. They called it “trust and safety” because it allows them to do anything they want under the guide of security.
Really, they didn’t define their service clearly and wanted to fire them as a customer unless they paid up for what they felt they were owed.
A man walks into whorehouse at half past seven, inquires about prices, and learns that it’s 250 per night, per person for the room. “Everything they consent to is available to the customer” says the proprietor. Gladly he pays and climbs up the steps with his hand clasped tenderly, finally landing upon a plain pink cushion, whereupon he proceeds to fuck the absolute shit out of his companion for six full hours. The brothel quakes in rhythm with their dual shrieks of ecstasy for the full duration.
As he begins dressing himself across from the nearly comatose prostitute, the proprietor returns, requesting two hundred and ninety dollars for the extended stay and sixty for the damage to her employee. It was at that moment that the man realized that the madame was a 70 foot tall crustacean from the Paleozoic era. He yells “goddamn Loch Ness monster, I ain’t giving you no three fifty!”
…huh?
South Park reference. Probably the funniest episode in the whole show outside of “Hare Club for Men”.
If something is marketed as “unlimited”, I don’t think there is such a thing as “wildly excessive use”. This isn’t a competitive eater going to an all-you-can-eat buffet and being mad about getting kicked out. It’s a business using a service in a way that’s seemingly in-line with what they paid for.
It’s the same definition of “unlimited” that Telcos use: you pay for unlimited but it really is XXgb of data per month, after that they either disconnect you or throttle your traffic at a glacial pace…
And in both cases, that is bullshit. Just because it happens doesn’t mean we should accept it.
“Unlimited” doesn’t exist in this universe. It’s always “Unlimited under fair use”.
If you pay for your water park ticket and they offer unlimited free drinking water fountains, you can’t pay for your ticket, call up Nestlé and bring in the water trucks.
Besides the IP poisoning from the casino, ToS violations and so on, just using this much traffic would probably be enough cause for a cancellation (or a forced plan upgrade).
Yeah pretty much all red flags from cloud flare
Can’t wait for this to become a louis rossman video
First of all, congrats! Your business must have become pretty successful. How exactly did CF decide to “ask” you to switch to Enterprise?
Maybe…
* You violated their terms of service…
I wouldn’t say Cloudflare is innocent, here, but this business handled Cloudflare the cudgel that was used to beat them. They admit to doing something with their domains that was expressly prohibited in the service they were paying for.
Then they offered to resolve it in whatever way CF deemed appropriate and CF refused to elaborate exactly which domains were the issue.
Don’t believe anything advertised as unlimited , cause it isn’t, they always cover their asses in the fine prints in their TOS.
I wonder how this is going to go
Badly for everyone
Yeah probably, I always get curious when a controversy involving a company starts up because I want to see what happens next
Right. And if you depend on them for your logic with cloudflare functions you will never be able to migrate to another CDN.
Never let a vender do anything for you beyond standardized features. That’s why a “selling point” if we go with this guy we can do this… never makes sense. Because if option B can’t do it also you wouldn’t want to do “this”, and you should probably implement it in a more old-school way.
casino
lmao get fucked
Sounds like a shake down, and it couldn’t have happened to a more deserving group.
Still, real lesson in how Cloudflare does business.
THE HOUSE ALWAYS WINS MY FRIEND
True, and this time “The House” wasn’t the casino.
Repoint your DNS, send everything to legal, delete Facebook hit the gym
I really love cloudflare especially for my hobby projects but in this case they asked for outright Ransome. From this I learnt to keep Nameservers & domain sellers different. I am going to transfer domain away from nameserver.
Not just “this case”, there’s been countless cases like this with CF.
Could you provide a couple?
You can google for cloudflare issues ranging from providing hosting for actual nazi sites to extorting customers by threatening the exact scenario se saw in this blog post. Feel free to google “cloudflare account suspended” to see many posts about people having not just DDoS mitigation disabled, but everything related to an account deleted and disabled. Many of those people had the audacity to, get this, rely on DDoS protection! The nerve, right?
So no sources then?
If I have to dig, I’m most likely only getting one side of the story. This article pointed out that the customer broke the TOS and knew they were getting way better of a deal than they should’ve. I’m not so confident a random post online from angry customers is going to be so forthright.
That’s why I’m asking. If you’ve seen some particularly interesting stories, it would certainly be easier for you to find them them me. I’m not looking for butthurt customers who got caught breaking the rules, I’m looking for legitimate cases of CF bullying rules-following customers into paying more.
I told you how to find them so you wouldn’t have to bitch about my cherry picking. I can’t help if you’d rather bury your head in the sand, and it makes no difference to me what you believe.
Cloudflare took down our website after trying to force us to pay 120k$ within 24h
Yikes. That sounds bad.
I’m a SysOps engineer at a fairly large online casino.
Okay all my sympathy is gone. Online casinos deserve to die.
That said, my feelings towards economic vampires aside, the way the events unfolded is concerning to say the least. Cloudflare has been racking up evil-corp points quite rapidly in recent months.
I just wonder how much was left out
That’s fair, this is one part of the story, and it’s not like screenshots can’t be doctored. Any screenshot taken from the web is ridiculously easy to manipulate.
Key.
Key.
Key.
As a person who works in server hosting (not as devops or IT), I’m often privy to customer interactions. I feel like my company does a really good job at damage control - where if we fuck up, some rep gets on the phone and makes things right. We’ve eaten costs on behalf of our customers.
But sometimes, you just gotta tell a customer to go fuck themselves.
And those customers, those biggest complainers are often in online gambling, crypto, adult content, or racist shit.
We get DDos’d a lot from it. But I’m glad the company I work for doesn’t bow down to garbage companies.
I’m honestly not surprised.
I used to hook up with a guy who was 100% convinced that he could game the system. It had something to do with break frequencies from various services and certain time windows for playing. He won sometimes, but he obviously didn’t talk much about his losses. He wasn’t a very happy person, and I think gambling offered an easy release.
That’s my big issue with gambling. It’s a business preying on addicts leaving many in financial ruin, and overall they do nothing for society at large. Here in Sweden it is regulated, but you honestly don’t notice it. There are so many internet casinos vanishing and cropping up on an almost daily basis. If you turn on the radio the adverts are like 40% online casinos, 40% sex toy sites, and 20% various services, like tyre shifting, glass repairs, etc.
I despise gambling, I don’t gamble myself and I consider it a tax on those who don’t know math. That said, I worked for a gambling company and I know that different companies target different types of customers. Also they have responsible gambling programs that are more or less serious (some of which might be required by regulations). The company I worked for operated in Scandinavia and was sportsbook heavy (vs casino heavy), and had quite serious measures against suspected addicts (immediate block, calling the person on the phone if there were any signs like long sessions etc., proof of income to set limits proportional to income etc.), because it was considered bad for business. Many companies in general are terrible, and especially those who depend on casino games, where the margins are fixed and the dynamics are more prone to create addiction (available 24/7, quick feedback etc.).
If it had been a sports betting site OP would have said so. The fact that they said “casino” says it all.
Many do both, I would say the vast majority. Same regulations and licenses apply, in fact. Simply some companies invest more in casino (which are purchased games from vendors in the vast majority of cases), some invest more in sportsbook. I guess the OP’s case is the former, but it’s not a very relevant distinction to make.
A lot of those exploit EU rules on open markets to dodge proper local licensing (I’m also from Sweden)
No they don’t, at least for Sweden. I remember when they regulated the market in Sweden (I was working for a gambling company at the time and I had to run the security & compliance for the Swedish license). There is no such thing as open market for gambling where the market is regulated (Sweden, Denmark, Estonia, not sure if Norway finally regulated).
As far as I know, a handful of companies got regulated at the first round, some failed and could not operate in Sweden (this might mean you actually need to deny access to users from Sweden - since you do KYC you know) for quite some time (before they eventually managed to get the license).
The problem (why the other user mentions all similar sites) is that the big companies (say Kindred group, Betsson) tend to spin up many alternative brands with different looks to attract different customers.
Also, most of the companies that operate in Scandinavia use the Maltese license, but that works only in unregulated markets (Finland, Iceland and Norway for example - unless something changed in the last 3 years). That said, getting a license once you have another is quite simple usually. The Swedish license for example is easier to get than and very similar to the Danish one, so if you operate in Denmark you can just fill in the paperwork and you should be easily able to pick that one up.
That explains why they all seem so samey. E.g. online casinos never have any sort of physical presence like scratch cards or what have you, even though we have plenty of scratch cards.
I completely concur, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and l’ve gained over $850k following guidance from my investment adviser. A referral for good trading, check out Veronica Tolan on Facebook, They have a user-friendly platform and offer a wide range of trading options. WhatsApp her directly; +44 7465283150
If it’s providing games of skill like online poker, it’s actually a very intellectually stimulating game. People have made a ton of instructional videos and many books on the poker variations.
After playing poker professionally I was able to leverage the skills of bankroll management and emotional control to become successful in investing in the stock market.
I held all of my stocks through the entire pandemic to rebound from a loss over multiple years holding tech to a $600,000 profit by buying at the bottom. If I hadn’t played poker I probably wouldn’t be able to stomach looking at a six digit loss in 2021. I only sold my bonds which I used to buy more stocks at a cheaper price (which was the point of the bond allocation)
Is it really so crazy that if you practice gambling you might end up good at gambling? I dont see any difference between playing the stock market and playing cards for money.
Yes, that’s the point, I’m good at combinatorics, probability. These mathematical skills have a lot of carryover
Would you advise others that learning through increasingly higher stakes is a good way to practice these skills and apply them to make a living?
I admit I dont have much issue with gambling as recreation/sport, but I dont know its a benefit to society to treat gambling as a profession.
Stock brokers gambling with others money is a whole other thing.
Only to the point that you get bored and do something useful with your new knowledge.
People enter tournaments for all kinds of games and those tournaments have money prizes and entry fees. I think it’s unfair to single out poker since it’s a game of skill.
It just so happens it doesn’t make sense to play without even the smallest stakes. Otherwise the best strategy is to go all in with any hand and try to double up quickly (if the chips are free, there’s no downside to doing this)
Even like $2 buy in games are much tighter than play money games
Everything in your post seems to give reasons for recreational gambling, and I do agree that the stakes are part of the game, and one with no stakes is markedly different. It does seem though that this is all in service of fair play, and to reward those for requiring they pay to prove they are in good faith.
To me I dont think the potential reward is the point with recreational gambling. You might even give your winnings back in a friendly game were you to find out that the stakes bled out into real life.
However I dont see how all of this applies to gambling as a profession and as a part of society in larger ways such as stock markets and Crypto currency. What’s the supposed benefits of that?
I would argue that the professional setting is not recreational at all, and in many cases is abusive, with there seeming to be some intent to disguise how abusive it is to the victim.
Nah, you don’t play with stakes that could matter to someone. In my case, our buy-ins in the home game are $28 when converted to dollars and nobody bats an eye at dropping $100
The tiny reward does make it more interesting because you actually care about winning. It’s better to do $20 stakes and keep the money than play for $100 stakes and have to give it back because someone was irresponsible with their money
Stocks are just the rich white man slot machine.
I used to be in credit risk for a very large stock market company.
Calling the bottom of the market is the same as betting big and getting 21 in blackjack.
Super cool when it happens, but not skill. The number of grown men I had to hear crying because they were dollar cost averaging down to the bottom until they went broke still disturbs me.
I’m happy this worked for you, but it was not skill.
You can’t go broke with 1x leverage, and I bought $AMD all the way down from $100 to $70
If it went to $50 I wouldn’t go broke, if it went $1 I wouldn’t go broke. I just would have missed a bigger opportunity
If it goes from $100 to $1, there’s not much left to go before bankruptcy/delisting. Say hello to swaths of BBBY bag holders… oh wait, no bags left there!
It’s still gambling and getting people addicted.
People get addicted to alcohol and caffeine. Should we can those too?
Apples and oranges. Also, coffee has been canned since ages, dumdum. Check your nearest 7-11 if you don’t believe me. Fuck, your parents must be proud of you.
I’m really glad for you, that sounds amazing. I don’t think you’re the rule, though. I think you’re the exception. I also feel like it wouldn’t be unfeasible to have competitive/e-sports poker while still strictly regulating online casinos.
I think we should keep games of skill and pure slot machine strictly separated