honorary greentext

  • @TootSweet@lemmy.world
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    1392 months ago

    Shrimp > blockchain. Can’t disagree with him there.

    For that matter, shit is better than blockchain. Because at least shit is good for manure.

      • riwo
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        292 months ago

        crypto currency is actually very useful when you need to buy meds that states dont want you to have. i dont know if blockchain is the best way to implement decentralized currencies (proof of work blockchain definitely isnt) but its what we got rn

        • Stern
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          272 months ago

          To put it another way: Crypto is great for crime. Like I get that criminalizing stuff like HRT is bullshit, but…

          • riwo
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            2 months ago

            but what? be gay, do crime. legality has nothing to do with ethicality. dont support oppression and hegemonie!

          • It’s really not. Most crypto is easily traceable, in fact, the whole point of blockchain is to be publicly traceable.

            You know what’s better for crime? Cash.

            If you use crypto, you have to launder it to obfuscate the transaction. If you use cash, you don’t.

        • @finitebanjo@lemmy.world
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          32 months ago

          That’s wrong, any illegally obtained controlled substance should be bought with cash or with a temporary anonymous card available online.

          The blockchain is a multiple ledger transaction record, you’re just leaving multiple trails directly to you when you buy things with it.

      • monk
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        12 months ago

        said another westerner who never needed to hide money from a government turning against them

  • @Delphia@lemmy.world
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    972 months ago

    I know a guy who bought a plot of almost worthless land an hour out of town fenced jt and bought a bunch of goats. We all thought he was insane.

    10 years later he is retired at 40 because it turns out that certain communities will pay very good money for organic free range goat.

    • @superkret@feddit.org
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      532 months ago

      There’s multiple avenues how you can increase your wealth, if you have investment capital, and nothing goes wrong.

        • @superkret@feddit.org
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          262 months ago

          Yeah, I also know a goat farmer in my neighborhood.
          In the same 10 years, she faced an expensive lawsuit from someone who wanted her land, an epidemic that destroyed her herd, animals dying from people feeding them the wrong plants through the fence, Covid forcing her to close the farm to visitors, and other hardships.

          She’s barely out of the woods now, but definitely much worse off than if she had invested the money into stocks.

          • Yup, stocks are almost zero effort and have an expected return of 10-12% long term. Everything else is a job and is dependent on how good you are at managing it.

            • @shortrounddev@lemmy.world
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              2 months ago

              >have 200,000

              >invest in stock market

              >many years go by

              >you now have 220,000

              Stock market isn’t an infinite money glitch, you have to be rich to start out with or you won’t see any meaningful return to your money until you’re 70

              • If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.

                If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you’ll have $1.2M by 65, and you only invested $280k. That’s over 4x growth! If you have $200k and don’t add to it, you’ll have $3M inflation adjusted dollars after 40 years.

                Investing isn’t infinite, but if you’re consistent, you’ll inevitably become wealthy.

    • @UnderpantsWeevil@lemmy.world
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      112 months ago

      If you’ve got the time and the energy and the stomach to handle birthing and raising live goats, it is very profitable… for the person who got a large low-interest loan to set up the farm. Significantly less so for the people doing the actual agricultural labor.

      • @Donkter@lemmy.world
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        222 months ago

        No? He’s acquiring capital (land, shrimp farm equipment, shromps) and using his labor to create something (more shromps) and selling his product for a profit.

        He owns the property, takes the investment risk, and keeps the profits. In theory he’s competing in a market with other shrimp sellers but like I said from the sound of it the market is pretty thin so he gets to sell for a huge profit.

    • @superkret@feddit.org
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      252 months ago

      Anon also doesn’t know about all applicable regulations and is yet to be audited by the IRS.
      Anon discovered that you can earn money illegally until you’re caught.

    • @Buddahriffic@lemmy.world
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      32 months ago

      And making the mistake of telling everyone. If everyone gets into it, it will stop being profitable. Though everyone will have cheap shrimp, so it’s not a complete loss.

      I wonder how much it costs to maintain the farm and if it’s worthwhile for small scale production for personal and friends/family.

      • @UnderpantsWeevil@lemmy.world
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        502 months ago

        Unironically why small business goons love voting Republican.

        You can brew mutant shrimp in a vat in your garage and take them to a wholesaler in a leaky bag labeled “Wild Caught Magic Beans” then sell them at some absurd markup. When half your customer base gets food poisoning, you blame DEI, throw down a smoke bomb, and run off with your profits.

  • @Metz@lemmy.world
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    2 months ago

    And then you realize far too late that stuff like this is strictly regulated and you forgot to comply with all the standards for product safety and hygiene and the state is going to rip your ass so far open that a truck can make a u-turn it it.

  • Blackout
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    552 months ago

    I tried the same thing with veal farming but little baby cows can’t swim so good :|

  • Flax
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    342 months ago

    In America, just buy a load of chickens and do this with eggs.

  • @chonglibloodsport@lemmy.world
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    342 months ago

    The one thing OP is missing is the type of shrimp. Don’t bother with food shrimp. That’s unprofitable! The real money is in fancy aquarium shrimp like these:

    • burgersc12
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      172 months ago

      I have never wanted an aquarium shrimp before, but I think you just found yourself a customer sir!

  • @UnderpantsWeevil@lemmy.world
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    212 months ago

    I bought all the equipment right from a Chinese seller for Tether

    Had me right up until the end. Cryptobros literally do not understand how to do normal banking.

  • @JayObey711@lemmy.world
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    152 months ago

    This is actually true. A former landlord of mine made a fuck ton of money by farming koi fish in the basement of a warehouse.