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I mean speculation IS just another type of gambling, yes.

• CPLX 3y ago
  No it's not. Speculation can be a bet on the outcome of an economic or other real world system that is not a zero sum game. For example you might speculate on how likely it is that people will strike oil on a given patch of land by investing in that land and some drilling. If you're right and oil is discovered there is more wealth in the world as a result of this speculation. Gambling is not like that. Gambling doesn't have any connection to productive activity, it's just people transferring money around with wealth going from some people to some other people. That's what crypto is.
  • MattRix 3y ago
    I see what you’re describing as investing, whereas the speculation is the gambling part of it.