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Pascal’s gamble wasn’t just about probability, it was about storytelling: the promise of nearly infinite payoff with minimal risk. That same allure is still at
by BigChemical 1y ago
Pascal’s gamble wasn’t just about probability, it was about storytelling: the promise of nearly infinite payoff with minimal risk. That same allure is still at play today whenever people chase “moonshot” returns on crypto or quick-rich schemes.
It underscores a timeless lesson: no matter how much data or logic we have, we’re still wired to fall for well-crafted optimism and that means skepticism remains the best defense.
- hollerith 1y ago>people chase “moonshot” returns on crypto Your comment would have been better if you'd chosen and example that did not create hundreds of thousands of millionaires.
- empath75 1y ago> Your comment would have been better if you'd chosen and example that did not create many tens of thousands of millionaires. Lotteries have also produced lots of millionaires. Crypto could produce lots of winners just from wealth transfer even if it was a zero sum or net negative game in terms of wealth creation.
- pastage 1y agoJust bitcoin uses more energy than Finland, the energy sector in Finland makes lots of people rich. Of course people will earn money when people spend that amount of resources on something.
- RodgerTheGreat 1y ago...and plenty more folks who lost their shirts- or even just their pizza money- on crypto scams in order to subsidize those millionaires.
- analog31 1y agoNot to mention countries who subsidized the electricity.