Kalshi: Decline of the USA?

Is the US economy one big scam?

Luana Lopes Lara, gambling platform “Kalshi” co-founder and ex-ballerina, has become the youngest self-made female billionaire at 29 years old. Luana is Brazilian. Her “cofounder” Tarek Mansour is Lebanese. If the economy is an intelligence meritocracy, would Richard Lynn have predicted this?

Where are all the Korean and German 29 year old billionaires? Maybe with something a little more g loaded than a gambling platform? The answer is that the American economy is becoming one big gyp-joint in which the biggest gyp-joint gets all the fake money. Kian Saghedi’s gyp-joint, Nucleus, recently unshockingly ousted for being a scammer, comes to mind.

He has lying eyes

You could tell Nucleus was gyp-joint, as I did in 2023, because 20 year old college drop outs from money-hungry cultures are not good statistical geneticists. The prior odds were high, knowing the “founder” is a 20 year old Iranian with a high school diploma, that Nucleus would be a get rich quick scam, and not a cutting edge genomics company. That’s because statistical genetics is like physics and actually requires knowledge and intelligence and subject experience to be good at, unlike making shitty gambling platforms.

Herasight is not a gyp-joint and predictably, it’s less funded than the shitty gyp-joint, and it’s actually run by white and Asian 145 IQ quantitative academics. In a serious economy all new companies worth anything would be run by such people, but the story of the 21st century American economy so far is make a shitty gyp-joint app and get a bunch of money you didn’t earn. It takes very little skill so it seems to select for a relatively low intelligence threshold, say 115 or 120 IQ, and maybe energy, specifically energy directed at scamming and not doing good cutting edge research and science. So, in other words, it’s probably worse than a random lottery, shit-head assholes who have high levels of the sin of greed are disproportionately propped up for making a mockery of the US economy.

This happens because the US pöbel are dumb and love a good gyp-joint. They might even see themselves as a future gyp-joint founder. But they know they’ll never be a Wernher von Braun or a Nikola Tesla, so why elevate such people? To elevate such people would require virtues like foresight and humility. But it seems those are in short supply and we’re stuck with mass greed and narcissism.

They also love a good lie. It seems honesty is in short supply too. Nucleus appears to have lied about their product efficacy. Kalshi lies by claiming it’s not a gambling platform. Instead they say something, which sounds super gay: it’s a heckin hivemind for predicting the futurino!!!!!! It’s to incentivize deep research into world events!!! It’s a prediction market!

But the frontpage is all sports gambling and predicting coinflips which are impervious to deep research, such as the winner of the next US presidential election.

I would like to finish by just saying that this is all very ugly and I wish these people would stop turning the US economy into one giant scam. I think them getting free money is bad and these “founders” ought to work real jobs or not be in the West. The US is not your “free money glitch.” I’d also like to say I’m disappointed in the pöbel who vote for this and consume this crap. Honestly you could probably justify investigating Nucleus for fraud and Kalshi for racketeering under the current letter of the law, but that doesn’t mean it will happen. Everyone is too busy worrying about a dead guy getting some massages from teenagers 25 years ago to go after companies that might be causing large-scale economic damage. That is, Nucleus predatorily takes from IVF couples to deliver an inferior product, by way of stealing R&D and advertising resources from better firms, through scammy and unethical competitive practices like backdoor networking and lying about product performance. Kalshi is a casino and it takes energy but never gives back. I don’t believe the world will improve because of “prediction markets” anymore than it improves by opening a new casino. So it’s an enrichment scheme for its founders who are not exactly wise, virtuous leaders deserving of billions of dollars. They’ll be wasting and harmfully spending all of that money just like George Soros.