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>"Gambling" has connotations of immoral behaviour, especially in zero-sum or always-lose scenarios like poker and casinos. I don't think it's fair to describe e
by Sangermaine 9y ago
>"Gambling" has connotations of immoral behaviour, especially in zero-sum or always-lose scenarios like poker and casinos. I don't think it's fair to describe educated and informed investment or buy-ins with words like that. I think "risky venture" is a less loaded, more neutral, term to describe it instead.
This is not a repeat from every bubble ever. This time it's different!
- ac29 9y agoAll GP is saying is that some gambling, such as on casino slot machines has a mathematically defined (and legally regulated) payout of less than 100%. Same for state lotteries. Bitcoin may well be in a bubble, but it isnt mathematically and legally guaranteed to decrease in value overall as compared to what most people consider traditional forms of "gambling".