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There’s an unstated assumption that investing 10M in crypto offers high risk of losing it all. The utility of losing 10M is worse than the utility of gaining an
by b_tterc_p 8y ago
There’s an unstated assumption that investing 10M in crypto offers high risk of losing it all. The utility of losing 10M is worse than the utility of gaining an additional 10M- and much moreso when weighted with common sense probabilities.