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This lottery comparison is wrong and obnoxious. With the lottery you have a known chance of success (minuscule). With crypto you have some measure of control of
by hackinthebochs 9y ago
This lottery comparison is wrong and obnoxious. With the lottery you have a known chance of success (minuscule). With crypto you have some measure of control of your expected returns. Having foresight and the technical ability to judge promising projects goes a long way.
- closeparen 9y agoThe ability to convert insights about the future success of projects into returns has always existed via self-directed brokerage accounts. That’s probably the closest analogy, except that crypto might not (yet) have skyscrapers full of people paid seven figures to know more about it than you.