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92 sats \ 12 replies \ @Coinsreporter 8h \ parent \ on: 🚨 Middle East Tension Markets LIVE 🚨 oracle
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.
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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.
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Unless we start leading someone down a ruinous financial path, I'm going to stick with the ironic "degen" language.
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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?
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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.
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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.