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I agree with @Undisciplined and @WeAreAllSatoshi. I will stop using the term bet or wager. Also no more Degens - it makes it less serious. I thought it was bringing in more fun culture - but I guess prediction markets must be more serious about these things especially like the markets above.
As you can tell I use AI to generate these markets announcements (I'm just not a good copywriter). I think it good at generating more click baits - but lack the seriousness especially in context with the above markets.
Also no more Degens - it makes it less serious.
And thus my Degens' Meetup is ditched!
I too agree that saying betting or wager instead of predicting sounds like same as betting/gambling.
You can see even in my Degens' posts, I didn't use these words.
But to one specific stacker who I won't call names, will forever be a degen. ;)
The way I think about it, degens are an input to prediction markets, which themselves are an information service.
In a traditional casino/sportsbook, the information service is an input to the entertainment product of gambling.
So you are saying I'm allowed to continue the Degens' Meetup series.
TBH I forever knew that Degen as a word has a very lowly meaning having moral standards that have fallen to a very low level but somehow it fits as a slang in a positive way for the prediction markets.
I also believe a little bit of fun is necessary because if you extract all fun out of anything, it just doesn't survive or becomes completely dull.
Unless we start leading someone down a ruinous financial path, I'm going to stick with the ironic "degen" language.
This is very righteous explanation of the word, thanks.
BTW, what is "leading someone down a ruinous path"?
I think it means luring someone to put the amount of sats they can't afford to lose. Am I right?
Yeah, we're all goofing around with fairly small affordable amounts of money.
If someone started hanging out with us, but they were YOLO'ing millions of sats at a time and losing a lot, it would put a damper on my enjoyment.
But what if they won?
Yes, for me it's like adding some extra layer of excitement to my love for sports, nothing else.
Yes, stacking a few extra sats on the way makes the joy double.
Just to be clear, I found it fun, too. But to differentiate yourself, I think this is the right move
It will be a tough sell if we keep joking about being a bunch of degenerates.
That’s fun though, so I’d like to keep doing it.