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I 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
by ineptech 5y ago
I 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.