AI is the only semi-useful thing that's come out of silicon valley in 20 years.If it wasn't for machine learning, all the money would be pouring into another short form video app or shit like pic-related.
>>107072684interesting take, cant disagree.>fintech and social media, ads taking up all the 'genius' minds for the past decade
>>107072684No all the money would've been poured into VR, an actual cool, based technology
AI SLOP saved us from silicon valley
>>107072697they will simply generate stereoSLOPic vr
>>107072684I'm looking at the appstore page of this right now: https://apps.apple.com/us/app/coverd/id6741347396>The Coverd Card is a new credit card launching in Q1 2026 that offers up to 100% cash back, zero hidden fees, smart spending insights, and automatic entriesWhat the fuck am I looking at?
>>107072729A16z slop
>>107072697No-one cares about VRThere's regular child grooming in VR but people care so little they can't even summon the energy for a good social outrage
>>107072684This is one of those things where I'm just kicking myself "Why didn't I think of that?". I bet you their software is full of holes though, watch out for the data breaches.
>>107072729>>107072750It's probably illegal.What you do is buy coins to gamble, but when you win it goes to reducing your credit card bill (or covering a purchase). Thus with max luck "up to 100% cashback".They'll probably burn money for the first while to gain users, a effective cashback of 10-15% on average, wasting investor capital until they are shut down, getting rich personally in the process.They are trying to circumvent gambling laws by sweepstakes exception:>Coverd is intended for adult audiences, age 18+, and does not offer real money gaming. No purchase is necessary to participate.Means you'll be able to write them hand-written letters to participate for free. But probably so little that it will be shut down eventually.Clever in a sick way to combine debt and gambling, two addictive things to time preference individuals
>>107072855Americans are fucking mentally ill. Who in their right mind would give money for this garbage
>>107072855>>107072891>“We looked at the $1.1 trillion in credit card debt in America and realized: people don’t need more budgeting lectures—they need motivation,” says Albert Wang, co-founder of Coverd. “We’re building a system that rewards progress and adds joy to a painful part of people’s financial lives.”>“Most people feel helpless about their debt,” Wang adds. “We wanted to create something that gives them control back, even in small bursts. One win can make a real dent—and a big difference psychologically.”you really have to be a soulless bugman to say shit like this with a straight face
>>107072891>americansmore like asian americans since they love gambling>>107072924>albert wongsee, racism wins again
>>107072999BIG WINNER TRIPS OF TRUTH!VERY LUCKY, PRAISE KEK!
>>107072924anyone that can convince me that they will actually pull through and put """people""" like this into extermination camps or just round them up and then bulldoze over the mass grave will get my vote
>>107072924>Here’s how Coverd works: users buy low-cost “practice coins,” which come with free entries called “Coverd Cash.” These can be used to play instant-win games. Any winnings can then be applied to reduce outstanding credit card bills or saved toward a financial goal.>Unlike real-money gambling apps, Coverd operates under U.S. sweepstakes law, meaning users can also enter games for free, and no real-money wagering takes place. This keeps the model both legal and accessible, offering the thrill of potential reward without the financial risk of gambling.I miss when words had meaning and we didn't live in an actual 1984 esque nightmare version of reality where ignorance is indeed strength. Or maybe I'm just salty I'm not enough of a husk of a subhuman to scam people like this myself.Btw that interview was given to an Indian website too kekhttps://www.businessworld.in/article/how-coverd-is-making-debt-payoff-fun-and-rewarding-563586
>>107072684>picthat's pure evil
