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It's quite the opposite of gambling. In a casino, the odds are are exactly defined, and the ROI is negative. This investment has unknown ROI.
by VMG 13y ago
It's quite the opposite of gambling. In a casino, the odds are are exactly defined, and the ROI is negative. This investment has unknown ROI.
- mcv 13y agoOkay, maybe it's more like a pyramid scheme. As long as more people keep flocking to it, prices will go up. But you don't know how long people will keep flocking to it.
- VMG 13y agoUnder this definition, every currency is a pyramid scheme
- phreeza 13y agopyramid schemes backed by governments with police forces and militaries able to collect taxes in said currency.
- mike_esspe 13y agoGold and silver were a currency and they weren't backed by government.
- mcv 13y agoThat's why I don't trust gold and silver either. They lack inherent value.
- kbenson 13y agoIt's still gambling, even if it's the opposite of casino games.