3 ms·
Good points. This seems to be the case for the vast majority of ERC/BEP-20 tokens, as well, for example, and for plenty of other sorts of things. I don't know
by meowface 5y ago
Good points. This seems to be the case for the vast majority of ERC/BEP-20 tokens, as well, for example, and for plenty of other sorts of things.
I don't know how I feel about them. Actually, I do know how I feel about them: instinctive distaste and sometimes revulsion. But that's just an emotion. What do I think about them? Is it all just a microcosm of finance in general? Is pointless zero-sum gambling really so bad, given it induces a sense of excitement and entertainment, if nothing else? I'm not quite sure, at the moment.
- ineptech 5y agoI feel about the same, regarding ERC tokens and also most "real" financial derivative instruments; and the revulsion comes not from an aversion to gambling per se, but from the sheer size of the market for it and its distance from the tangible world. I know that some of those instruments produce value beyond their returns, by facilitating the management of risk and so forth, but the scale seems out of whack - akin to a town of 100 people, comprised of 10 farmers and 90 guys devoted to finding exotic new ways to speculate on this year's harvest.