5 ms·
It's interesting psychologically. I could go and bet my whole life savings on red on the roulette wheel, but the odds are completely explicit and I can at least
by iamthemonster 5y ago
It's interesting psychologically. I could go and bet my whole life savings on red on the roulette wheel, but the odds are completely explicit and I can at least trust the casino not to bend the truth on how roulette works. But my family and friends would think I'm an idiot for making such a reckless bet.
But if I go down a rabbit hole on social media with thousands of users creating a convincing and self-reinforcing narrative that Fartcoins are going to the moon, then I can spend my life savings on Fartcoins and convince myself it's a sound investment.
Who is at fault here? Who do you regulate to stop people losing their life savings?
- ostenning 5y agoI think its becoming increasingly common knowledge that most of crypto is just a giant “decentralised” casino. People are getting burnt all the time, word spreads and i don't believe retail will keep pumping money into it
- hackerfromthefu 5y agoBut from what I've seen the news regularly reports sensational individual stories of wins, I've never seen an article saying this person tried crypto and it didn't go anywhere. There are reports of hacks, lost wallets etc but that is different.