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brygphilomena , in Jeff's magic money machine

Start a company.

Create a product.

Price it at $100m.

Buy said product from my own company.

PyroNeurosis ,

Could probably skip the second half. Overhead and salaries, etc. could put you out 100m.

buddascrayon ,

They said $100,000,000 not $100,000. With $100 million you could start 10 companies easily and still end up profitable if even one of them hits paydirt.

Etterra , in Jeff's magic money machine

I’ll just invest that into a nice, stable, diverse stock portfolio then, and use the dividends to both live on and start a charitable non-profit. Building shelters, donating to politicians who champion human rights, education, healthcare, founding free clinics, angel investing in co-op businesses, and funding food banks isn’t giving away the money after all. it’ll be slow going but pay broader dividends down the road.

Chakravanti , in Jeff's magic money machine

Overpay for Monero.

The purchase would be the inflation skyrocket making those in…business…with Monero experience short buff on their previous conduct and product supply quality.

This incentivizes them into produce more products no one else can afford. It’ll buff their stock and increase their desperation to sell.

I’ll be stacked with cash to buy it all with gorram near zero oppositional bids.

If the market is short on Monero for that rate, I can buff the crypto with BTC and Bisq it to what actually fucking matters.

ICastFist ,
@ICastFist@programming.dev avatar

I think that wouldn’t quite count as an expense as it sounds more like simple currency exchange, similar to trading 100m dollars for 90 million euros.

Chakravanti , (edited )

You’re missing what I bought. The Product. Not the Monero. The stuff you can buy with Monero. It’s a whole process sure. But if it took time to receive what I buy do I have to pay for something i may not receive? Can I get credit for something that is stolen from me because I bought it without a third party verification? If I pay 100m now (or whatever, just in principle as part of the whole picture i mean) and match the time before the buy but don’t get my shit for a week which ends over the month agreement with the genie, have I not already made the purchase an get credit?

I mean fuck, at that rate I might just go and buy the market its fucking self. I’ll get one from the genie and a hundred from the gorram market itself,

intensely_human ,

So your play is own all the drugs?

Chakravanti ,

My anti-religion practice has zero respect or acknowledgement of ownership outside this skull. So, by function, sure, I can acknowledge what you will do because but that just means a mean to the end which I assure you will create a good sense of mind outside my own.

Etterra , in Gen Alpha will elect MrBeast president and there's nothing you can do to stop it

I hate this trickle-down rich bitch so goddamn much.

zbyte64 , in Jeff's magic money machine

Buy a supreme Court justice with the first 100M, then the rest of the court with the other Billion.

stiephelando ,

You’re overpaying, justices aren’t that pricey

cm0002 ,

Yea, once you’ve bought all of the SC ig you could spend the remaining 99 million on Congress or something

HeyThisIsntTheYMCA , in Jeff's magic money machine
@HeyThisIsntTheYMCA@lemmy.world avatar

I’m gonna buy 100 million tacos. That should provide adequate sustenance for the doctor who marathon.

5redie8 , in Bacon tho

Fastest way to get anyone offended is to even remotely imply they could change the way they eat… Jesus y’all are vitriolic WTF?

debil ,

The downvotes just prove your point.

tobogganablaze , (edited )

I don’t think anyone really get’s offended over it. It’s more like being pestered in by one of those clipboard carrying solicitors.

5redie8 ,

But… The post is already encouraging people to eat meat. Like this post is literally designed to pester people who don’t eat meat, but then the meat eating people got mad anyway

tobogganablaze ,

But… The post is already encouraging people to eat meat.

I think you misunderstand the post then.

The post is pointing out the hypocracy that killing an animal for pleasure is generally regarded as wrong, except when it comes to the sense of taste.

It’s very much a pro-vegan post.

5redie8 ,

Oh, I honestly just assumed the “but bacon tho” title was completely unironic. I still see shit like that all the time

BobDole , in Jeff's magic money machine
@BobDole@hexbear.net avatar

I buy a boat

PapaStevesy , in Jeff's magic money machine

Soooo easy, buy some “art” at an auction, probably take me two days.

Mubelotix ,
@Mubelotix@jlai.lu avatar

If that isn’t gambling, what is?

PapaStevesy ,

Betting money on things. This is just buying something that costs waaaay more than it’s worth. It’s pretty close to money laundering, but not gambling. I don’t care if it holds any value, I just want to spend 100 mil fast. You can easily do that on one piece of art.

BudgetBandit , in Gen Alpha will elect MrBeast president and there's nothing you can do to stop it

What is Mr Beast? Is he like a new form of Pewdiepie who just does shit and gets assloads of money to film himself doing some script stuff with the caption “I DID THIS TOTALLY WEIRD THING AND LOOK WHAT HAPPENED”

Feathercrown ,

Basically, yeah. He also has a habit of giving away large sums of money.

BudgetBandit ,

And people watch this because…? They want the money too? It’s just money.

PrivateNoob ,

He donates to a bunch of noble causes, and people like to see that. For example building 100 homes for people under the poverty line

SchizoDenji ,

And it makes pathetic contrarians seethe because they have nothing going in their lives.

PrivateNoob ,

Well I’ve had a similar anti-most-popular-youtuber phase too with Pewdiepe too. Logic really went through the window with me, and I’ve also felt this phenomenon with MrBeast, and idk why.

BudgetBandit ,

I mean it’s better than reaction channels who say you should disable Adblock because they do this for free and you are a bad person if you enable Adblock (Michelle debris or something like this said this in a video)

Schmoo ,

People definitely go overboard with their criticisms, but there are legitimate criticisms to be made. While his philanthropy is objectively good and makes a positive difference in people’s lives, it does nothing to address the systemic causes of the problems he highlights.

His content is also completely apolitical, which rubs people the wrong way when he covers topics a lot of people see as inherently political like extreme poverty, homelessness, and healthcare.

Blue_Morpho ,

Were you also critical of Jimmy Carter for building homes for habitat for humanity?

Because Carter helped build homes for decades after retirement without politicizing it or addressing the systemic causes.

Schmoo ,

Yes, because it’s not enough. It’s possible to acknowledge good work while also criticizing the ways that it falls short, otherwise we risk cheering for the drop-in-the-bucket charity that doesn’t challenge the status quo and credulously thinking our problems are being solved when more needs to be done.

ICastFist ,
@ICastFist@programming.dev avatar

I suspect people watch it because it gives them that dopamine hit of helping someone, without actually doing anything. “Oh my gosh, he’s so charitable!”

Commodified charity is a very effective way to get views and followers, so many people copy his format, doing “charity” for personal fame and gain - i’ve heard of some “charity” tubers/tokers that start selling ad space to fucking online casinos once they get enough viewers.

BudgetBandit ,

So those “charity” YouTubers let the online casinos have their ad space so those casinos can give them more homeless people…

Blue_Morpho ,

That he gets money from advertising increases the effect you described because simply by watching the video, they are contributing money to the charity they are watching.

morrowind ,
@morrowind@lemmy.ml avatar

He often does the reverse, paying people exorbitant sums to do mundane things like spending 3 days in a circle. He practically started and got famous of that genre.

BudgetBandit ,

I know this may sound ignorant, but who the heck watches this and gets entertained?

Retrograde ,
@Retrograde@lemmy.world avatar

A mystery still unsolved to this day

Frostbeard ,

Kids with little experience perhaps. And morons.

Estebiu ,
@Estebiu@lemmy.dbzer0.com avatar

Yeah, especially one of his latest videos… “Building 100 houses” or smth… Like, who watches that? Cringe

SchizoDenji ,

Yeah i watch 3 hour video essay on how the new star wars movies suck.

ImpressiveEssay ,

At least this engages with important concepts of story telling, society… politics… Etc etc etc.

Schmoo ,

They’re leaving out that philanthropy is a big part of his videos. Sometimes it’s game show style where the winner(s) get huge rewards and sometimes it’s direct charity like the “I built 100 houses” video. People watch them because they’re often feelgood stories.

It can be a bit controversial as well because people who are more politically engaged often get frustrated by charity when they believe the problem the charity purports to solve is systemic. Whenever he posts philanthropy videos it triggers a huge shitstorm on Twitter of people expressing that frustration and a bunch of people coming to his defense.

lambda , (edited )
@lambda@programming.dev avatar

He started out doing challenge videos like “counting to x” and it was literally like a multi-hour long video where he counted to 10,000 I believe. It’s insanely boring but it showed his “dedication to the bit”. Another is saying " pewdiepie like 10,000 times. I may have exaggerated, I’m not at a computer to look up the numbers. Eventually, after tormenting himself and gaining some followers and he got paid some money from youtube. With his first paycheck he made a video of him taking that check and giving it to a homeless person (IIRC). His philosophy was always to take any money he makes and dump it right into the next video. This has allowed him to slowly make bigger and bigger videos. He still regularly does challenge videos (buried himself alive for multiple days, not eating for several days, etc.) But, him dumping all of the money he makes, into the next video has grown from giving his first, probably couple hundred dollar check, to a homeless man, into giving literally millions away per video.

He also kind of pioneered the thumbnails you are talking about. And yelling at the beginning of the video to grab your attention by showing enthusiasm was also really his thing too. I mean some people had probably used it before. But, he used it regularly and had the type of content that really was that exciting.

Whether you care for challenge content, giving away money, some combination of both, or neither he also has Beast Philanthropy. That’s his channel where he does good “because he can”. He puts a bunch of money and gets sponsors to give money for causes like, building wells, building houses, paying for surgeries, building hospitals, etc. I thought it was a bit gross to make videos out of charity work at first. But, it helps a lot of people in under served countries, and raises awareness to them and the charities that try to help them. Also, all the money they make on that channel goes to the charity of each episode.

That was more than I thought I would type for sure…

dessalines ,
Blue_Morpho ,

He got his very first start doing weird things for views.

But he got really famous by being a clickbaity charity funded by viewers. For example he paid for eye surgeries for 1000 people.

That got him mainstream because the religious right started publicly denouncing him for helping people without it being about Jesus.

Spacehooks ,

Hmm I wonder what would Jesus do?

100% denounce him /s

ImpressiveEssay ,

If he had done it quietly without a video crew I would have a lot more respect for him… Actually… I would have any respect for him

Blue_Morpho ,

If he had done it quietly without a video crew, Google wouldn’t have given him millions to do his next project which was building free homes for the homeless.

ImpressiveEssay ,

Precisely my point…

Now he has a fucking netflix deal. His face in household around the world… & he’ll get paid.

He’s a businessman, that’s for sure.

Blue_Morpho ,

You would have more respect for him if he stopped doing charity work???

He gets money for charity from the advertisers. If he stops the videos the charity stops.

He funnels a greater percentage into charity than any other charity like habitat for humanity or the Red Cross. Would you be happier if he funneled his YouTube profits into a prostitution ring like Andrew Tate?

What do you want from him?

ImpressiveEssay ,

Intent matters to me.

He seems incredible fake and artificial. I get zero trust from him. Just because someone hide some shit to charity doesn’t mean shit. ESPECIALLY, if you consider his charity as a % of his wealth.

If you look at it that way, he gives less to charity than most of us, I would imagine.

JC yeah, he’s like a family friendly Andrew Tate… hahaha good one

Blue_Morpho ,

His intent is to help people. If his intent was getting as rich as possible he would have continued filling swimming pools with orbeez.

It doesn’t matter how fake he is. He gets results.
That’s why the religious right hates him.

ImpressiveEssay ,

Hahah religious? Fuck those people. They in a cult.

I dunno… he seems to be getting pretty rich. And very loved by American children . I think he knows what he’s doing…

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

If he’d have done it quietly and without a video feed, he’d be called “Medicaid” and we’d be arguing over how much we need to defund him.

ImpressiveEssay ,

We? I sure af wouldn’t… Especially since I ain’t american.

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

That got him mainstream because the religious right started publicly denouncing him

He’s constantly being front-paged on YouTube and getting shoved into everyone’s recommended feeds. I have never heard anyone on the religious right mention his name positively or negatively. I doubt the Zoomers and GenAlpha folks who subscribe to him have either.

Blue_Morpho ,

Not mine. I only know of him from my son.

My feeds are all techy stuff. Cherno, level 1 techs, Adam Savage, and lots of Dragonball shorts.

BudgetBandit , in Jeff's magic money machine

The IRS would finally get their money back lol

Feathercrown , in Gen Alpha will elect MrBeast president and there's nothing you can do to stop it

I would take Mr. Beast over a lot of presidential candidates tbh

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

So many people would vote for him or not entirely based on his party affiliation.

Feathercrown ,

No way he’d run without being independent

UnderpantsWeevil ,
@UnderpantsWeevil@lemmy.world avatar

You need the party apparatus to campaign for you at the local level. No way to win a state without that.

Feathercrown ,

I never said he’d win :P

gofsckyourself , in Jeff's magic money machine

Just pay for a couple people’s cancer hospital bills.

nilclass ,

Sounds like gifting

uis ,

In normal countries it’s called tax

Godnroc ,

Is paying for something for someone else not gifting?

uis ,

In normal countries it’s called tax

wildcardology , in Jeff's magic money machine

I’ll buy $100m worth of stocks from all the public companies every month.

cm0002 ,

Genie: Listen here you little shit

andrew_bidlaw ,
@andrew_bidlaw@sh.itjust.works avatar

For a genie it may sound like gambling.

intensely_human ,

genie just doesn’t know how to read fundamentals

andrew_bidlaw ,
@andrew_bidlaw@sh.itjust.works avatar

I’m just not sure if making an ancient wishmaster aware of stock trading is a good idea.

Appoxo , (edited )
@Appoxo@lemmy.dbzer0.com avatar

I call it investing if I can reason the reaons for specific stocks.

frezik ,

Stocks are liquid enough that the genie may not consider it “spending”. You could easily buy it, and then just as easily dump it. The move is also big enough that you’ll single handedly move the market in the process.

marx2k ,

No gambling

wildcardology ,

I still “bought” the stocks besides almost everything we buy is a gamble anyways.

DrDominate , in Jeff's magic money machine
@DrDominate@lemmy.world avatar

Genie never said they’d give me a 100M to spend in the first place. No way I’d be able to spend 100M that I don’t have.

Miaou ,

Find someone rich who would believe you have this pact with a génie, and promise them a 100% ROI.

Thinking of it, that’s not the worst idea for a new sect religion…

intensely_human ,

Dibs on playing the genie

intensely_human ,

This reminds me of a scam I fell for in Eve Online once

ICastFist ,
@ICastFist@programming.dev avatar

I wonder whether Eve has more or less scams per capita (player) than Roblox or Runescape

Trainguyrom ,

On an unrelated note, anyone want me to trim their armor? 50k for colored trim, 100k for gold trim. Totally legit!

Sidyctism2 ,

this is exactly how i learned what a scam was 20 years ago

Appoxo ,
@Appoxo@lemmy.dbzer0.com avatar

First get the spending money then do it. In a non-refundable unable to be altered manner (ignoring the magicially manifesting money part)

eldain ,

Or worse if he does, how do you prove to all the anti-money-laundering watchdogs you got free money from a genie? Will you be able to gain control over your instantly conviscated money in 30 days?

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