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OK, sure. Those things are all true, but it doesn't change my point: He could have "realized" the gains any time he wanted and it wouldn't have affected the out
by shawnz 6y ago
OK, sure. Those things are all true, but it doesn't change my point: He could have "realized" the gains any time he wanted and it wouldn't have affected the outcome of this scam. For all we know he actually did "realize" them at some point and just bought the coins again to send them to the scammer. It makes no difference in this situation.
- viraptor 6y ago> For all we know he actually did "realize" them at some point and just bought the coins again to send them to the scammer. It makes no difference in this situation. I think it makes a big difference. "I'll gamble my 10 BTC" and "I'll exchange my actual $500k to gamble as BTC" would have a very different threshold for action. I suspect he wouldn't do that with real money. Same reason F2P games get you to exchange money into tokens (some even twice) to make you lose connection to the real value.
- shawnz 6y agoF2P game tokens are a much different situation because they are not a liquid asset (you can only buy them) > "I'll gamble my 10 BTC" and "I'll exchange my actual $500k to gamble as BTC" would have a very different threshold for action For a rational investor, they shouldn't.