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I gamble in the lottery and won! You just need to gamble a bit more to also win the lottery. Never give up!

by Lionga 4y ago

spaceman_2020 4y ago
I have no illusions that it was skill. It was largely luck. But 2021 was a time when the casino was giving away money for free. NOT gambling was the wrong move. Sitting on a high horse did nothing for anyone, except maybe bask in the schadenfreude when the thing invariably collapses. Meanwhile lots of people, including me, made life changing money.
- chinathrow 4y ago
  > Meanwhile lots of people, including me, made life changing money. This is so backward. Meanwhile lots of people, not including you, lost a lot of money.
- JohnAaronNelson 4y ago
  You said you have “mid five figures left” so less than 100k. Is that life changing? Or more like “I got a new Audi” or “I was able to reno my kitchen”. Also how much time did you spend on it? Sounds like you went deep down the rabbit hole.
  - spaceman_2020 4y ago
    I also said I cashed out 70% of my 500k. So close to 350k
  - inkcapmushroom 4y ago
    Even ignoring the ~350k they said they cashed out on, 50k would be absolutely life-changing for me, and the majority of people in the world. No idea why you have to imply it couldn't be for this individual.
- low_tech_love 4y ago
  I have no doubt there was skill involved. And of course you should invest if the casino is giving away money for free. I have no doubt it was great for you, so kudos (no sarcasm; I wish I was you). But the whole point is: is it right to call it a “market” or an “economy” or an “ecosystem” or whatever when it’s really just a get-out-while-you-can game? How many of those who are privy to all those technical terms you mentioned are actually going to be able to cash out a significant amount of money? I t’s just kinda depressing for me to think that there are so many people overanalyzing a fantasy football world league of fantasy coins.
  - spaceman_2020 4y ago
    Honestly, I'm more bullish about this industry than before. So much of this awfulness unfolding right now is from centralized, opaque entities - precisely what this industry was meant to destroy. The trouble is that these centralized entities came about when the tech itself was too nascent and there were no decentralized alternatives. So they had too much power and money. And now that they're crashing and burning, the decentralized alternatives can have their moment in the sun. For instance, there's a dApp for leverage trading called GMX.io. Since it's decentralized, all of its assets and liabilities and treasury balances can be transparently seen by anyone. It offers most things that any large brokerage would offer, and has been functioning without a hiccup throughout the entire clownshow. When I started out in November 2020, the decentralized economy was tiny and there were few dApps. Since then, there's been an explosion in the number of dApps powering everything from payments to digital asset market places to in-game asset trading. Paying for a digital subscription with a web3 wallet is a better experience than anything in traditional finance. Of course there's a lot of fluff - that was inevitable given the wild excesses we saw in 2021 - but the pieces are in place to form the foundation of the entire digital economy. I will be very, very surprised if you're still using your credit card to pay for things online in 2027.
    - low_tech_love 4y ago
      I’m sure there is a lot of great theoretically sound stuff out there, but be honest: were you using any of them when you actually made your money? Or were you just playing the same old game but with a new uniform? The problem is not the tech itself, it’s the way it is sold.

I gamble in the lottery and won! You just need to gamble a bit more to also win the lottery. Never give up!

by Lionga 4y ago

I gamble in the lottery and won! You just need to gamble a bit more to also win the lottery. Never give up!

spaceman_2020 4y ago

I have no illusions that it was skill. It was largely luck. But 2021 was a time when the casino was giving away money for free. NOT gambling was the wrong move. Sitting on a high horse did nothing for anyone, except maybe bask in the schadenfreude when the thing invariably collapses. Meanwhile lots of people, including me, made life changing money.

chinathrow 4y ago
> Meanwhile lots of people, including me, made life changing money. This is so backward. Meanwhile lots of people, not including you, lost a lot of money.
JohnAaronNelson 4y ago
You said you have “mid five figures left” so less than 100k. Is that life changing? Or more like “I got a new Audi” or “I was able to reno my kitchen”. Also how much time did you spend on it? Sounds like you went deep down the rabbit hole.
- spaceman_2020 4y ago
  I also said I cashed out 70% of my 500k. So close to 350k
- inkcapmushroom 4y ago
  Even ignoring the ~350k they said they cashed out on, 50k would be absolutely life-changing for me, and the majority of people in the world. No idea why you have to imply it couldn't be for this individual.
low_tech_love 4y ago
I have no doubt there was skill involved. And of course you should invest if the casino is giving away money for free. I have no doubt it was great for you, so kudos (no sarcasm; I wish I was you). But the whole point is: is it right to call it a “market” or an “economy” or an “ecosystem” or whatever when it’s really just a get-out-while-you-can game? How many of those who are privy to all those technical terms you mentioned are actually going to be able to cash out a significant amount of money? I t’s just kinda depressing for me to think that there are so many people overanalyzing a fantasy football world league of fantasy coins.
- spaceman_2020 4y ago
  Honestly, I'm more bullish about this industry than before. So much of this awfulness unfolding right now is from centralized, opaque entities - precisely what this industry was meant to destroy. The trouble is that these centralized entities came about when the tech itself was too nascent and there were no decentralized alternatives. So they had too much power and money. And now that they're crashing and burning, the decentralized alternatives can have their moment in the sun. For instance, there's a dApp for leverage trading called GMX.io. Since it's decentralized, all of its assets and liabilities and treasury balances can be transparently seen by anyone. It offers most things that any large brokerage would offer, and has been functioning without a hiccup throughout the entire clownshow. When I started out in November 2020, the decentralized economy was tiny and there were few dApps. Since then, there's been an explosion in the number of dApps powering everything from payments to digital asset market places to in-game asset trading. Paying for a digital subscription with a web3 wallet is a better experience than anything in traditional finance. Of course there's a lot of fluff - that was inevitable given the wild excesses we saw in 2021 - but the pieces are in place to form the foundation of the entire digital economy. I will be very, very surprised if you're still using your credit card to pay for things online in 2027.
  - low_tech_love 4y ago
    I’m sure there is a lot of great theoretically sound stuff out there, but be honest: were you using any of them when you actually made your money? Or were you just playing the same old game but with a new uniform? The problem is not the tech itself, it’s the way it is sold.