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A lot of this is basically gambling. When people gamble, they are (subconsciously) willing to suspend rationality for some emotion born out of desperation or gr
by Ozzie_osman 4y ago
A lot of this is basically gambling. When people gamble, they are (subconsciously) willing to suspend rationality for some emotion born out of desperation or greed. Same as any other type of gambling where the odds are stacked against you, you're willing to be a little more naive in exchange for some (potentially unlikely) path in which you make lots of money.
- TedDoesntTalk 4y agoBut the amounts being gambled are staggering. How many people gamble $400,000 away at a casino? I would think very very few. Sure, it happens. Addicts gamble away their entire livelihoods and businesses. But does it happen this often?
- capableweb 4y ago> How many people gamble $400,000 away at a casino? One could imagine that it's just about the same amount of people who buy NFTs for $400,000, maybe a bit less as it's easier to buy something online than doing physical actions. People who have that kind of money to gamble away, and want to gamble it away, will gamble it away no matter what kind of things exists in the world.