The current ongoing chip shortage is affecting technology across industries. Electronics around the world have become harder to come by, and gaming hardware has been hit especially hard when coupled with crypto mining demand. Getting a shiny new graphics card or console, or in some cases even RAM is already a heroic challenge without adding scalpers.
sky news Talk to Jack Bayliss (via technical point) who offers a comprehensive service for those who wish to make others pay too much for things like tech and shoes. The interview revolves around the idea of legislation to prevent scalpers and robots from buying products on a large scale. Bayliss made some rather provocative comments on this topic, seemingly to get attention, so I decided not to list his service name.
As for what it does, users can sign up for £30 a month to be notified when retailers have hot products, which is certainly a great tool for local scalpers. According to Bayliss, he made $61,000 from those who had signed, many of whom he said were young, so it’s no surprise that he’s keen to defend the practice.
“For me, owning a PS5 or Xbox isn’t a necessity, it’s a luxury, okay? If you can afford to spend £450, if you have enough cash to splurge, spending £100 more should be trivial there. above,” Bellis said.
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Bayliss believes that the benefits to those who participate in the program far outweigh the costs for those who want to buy a new console.
“Yes, some families are going to have to pay another £100, but what you don’t expect is our members who have 30 consoles and earn £100 each. Then they’re making one a few days later. A monthly salary is fine.”
He goes on to talk about how the people involved in his scalping scheme thrive on profits, including those who are younger or who have done poorly before, justifying the process.
“What they’re doing is they’re becoming entrepreneurs, they’re going out and generating additional income, and they’re doing things that 90 percent of people don’t bother to do,” Bellis said.
Bayliss also went on to compare his services to the stock market. Simply buy a popular stock that looks profitable and sell it to make money. Then there’s the manufacturing process, which is just another overhead for a new retailer. The 24-year-old also said he “fits very well with my moral compass as a person”.
It is impossible not to be frustrated by this carefully chosen argument. It’s easy to see that it’s still artificially inflating the price of items for personal gain. Just because you can afford it, put things out of reach of others. It could also be just another play in the self-proclaimed entrepreneur’s struggle to get more subscriptions. Like many NFT and cryptocurrency schemes, Bellis relies on other people buying his services to make a profit.
Such schemes are fairly common in the world claiming to be young entrepreneurs but really just adding unnecessary steps to the actual service.like This service calls the IRS and then charges you for what they queued for, artificially increasing the queue in the process. It’s wrong to see value there when you have a pressing need, but these services will never provide value, instead, they’ll just make consumers pay more. Each.
If you can afford to spend thousands of dollars on extra consoles hoping to sell them to someone at a premium, then maybe you shouldn’t do it and provide some actual service or value to the world.