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At the end of a casino the chips can always be redeemed. There is very little liquidity in crypto. And when one of the whales breaks rank and heads for the exi
by bluelightning2k 4y ago
At the end of a casino the chips can always be redeemed.
There is very little liquidity in crypto. And when one of the whales breaks rank and heads for the exit every other holder will be sitting on chips with some nominal value but absolutely no buyers.
- melenaboija 4y agoCasinos are not just games where chips are exchanged between players and what is regulated is not how you play (casinos per se may do that, I don’t know) but that the game is fair and you can make informed decisions, ie in card games that all players have the same information which means the decks are not marked, contain a known distribution of cards,… That does not happen in inefficient markets.