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No, casinos have the edge, it's almost never mathematically sane to engage with a casino. I considered what would happen if something like bitcoin would become
by bufferoverflow 9y ago
No, casinos have the edge, it's almost never mathematically sane to engage with a casino.
I considered what would happen if something like bitcoin would become a global internet currency, and any way I sliced it, the upside was too huge not to try.
- adjkant 9y agoI don't think you're being creative enough with your slicing. Consider what happens when 90% of the primary world currency ends up concentrated with a few thousand - 100K people in the tech world and if that's really any sort of upside for the world.
- sooheon 9y agoBTC's deflationary nature appeals to type of people who enjoy getting in at the top of pyramid schemes (and then shouting down that anyone can bootstrap it too)--I suspect GP simply wishes he were one of the 100K.
- bufferoverflow 9y agoFirst of all, I don't think 90% will get concentrated between just 100K people by the time cryptocurrencies actually do take over (and they will, in some form). And then I don't mind money being more concentrated among tech people, they are generally more rational and tend to spend on important things.
- adjkant 9y agoWe're on track for that concentration right now. > I don't mind money being more concentrated among tech people, they are generally more rational and tend to spend on important things. Yeah, I don't but that at all either. Even so, you are basically advocating for an oligarchy led by tech and removing autonomy from everyone else in the world. That's a terrible dystopia.