It's getting scarier out there. Pretty much all friction has been removed from "investing" and "prediction markets" (a.k.a., gambling). No more friction in term

It's getting scarier out there. Pretty much all friction has been removed from "investing" and "prediction markets" (a.k.a., gambling). No more friction in terms of speed (immediate access to 24/7 markets) and, worse, in terms of scale (instantaneous ability to lever up above your capital base).