Yea uhhhh this is kinda bad cause now you’re going to be able to parlay straight out of your investment account…. People with gambling issues are in deep trouble…. Not sure how else to feel about this….
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117 sats \ 8 replies \ @grayruby 17 Dec
The entire economy is degen gambling now.
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90 sats \ 7 replies \ @SimpleStacker 17 Dec
A symptom of late stage fiat
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90 sats \ 6 replies \ @HardMoney 17 Dec
Technically you can also be a degen with sound money on predyx
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20 sats \ 5 replies \ @SimpleStacker 17 Dec
The guys doing it on predyx are doing ethical gambling
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30 sats \ 4 replies \ @Coinsreporter 17 Dec
What's so different from gambling?
Gambling has forever been a sport and played big part in human cognitive evolution. Now this new phenomenon called prediction markets are just taking it to another level.
You can basically be informed and reap rewards for that.
You know or play game of Cards? That requires skill, and sometimes you cheat.
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20 sats \ 1 reply \ @HardMoney 17 Dec
All markets can be viewed as being informed and reaping rewards for it.
Bitcoin benefits early adopters in a similar sense
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40 sats \ 0 replies \ @Coinsreporter 17 Dec
I agree.
So, what I mean that gambling or ethical gambling are similar, at least when you know what you're risking and what you can afford to risk.
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30 sats \ 1 reply \ @SimpleStacker 17 Dec
i was being tongue in cheek with the "ethical gambling" comment, but to me ethical gambling means not risking more than you can afford to lose, knowing when to walk away, knowing your limits and foibles
It also means, on the provider side, not using psychological tricks and nudges to drive addictive behaviors.
Whether it's a game of chance or a game of skill has no bearing on its ethicality.
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0 sats \ 0 replies \ @Coinsreporter 17 Dec
Ok. I don't differentiate anything on the grounds of ethics. Gambling is gambling be it anyhow done.
I too believe in gambling for fun or entertainment is okay. But when it becomes like adiction, it's bad. In a bigger sense anything that becomes addiction isn't good.
BTW my understanding of is that betting through bookies is bad and predicting an outcome against peers is fun.
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67 sats \ 1 reply \ @winteryeti 17 Dec
Agreed, this sudden rush to do prediction plays all over the place is full roullete gambling with a crypto party mask worn upside down. Degen with a brain missing.
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0 sats \ 0 replies \ @SimpleStacker 17 Dec
It does feel like that. The shitcoin builders have moved on to prediction markets
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67 sats \ 0 replies \ @WeAreAllSatoshi 17 Dec
People with gambling problems should not be using Robinhood regardless. It tries to make investing like gambling anyway
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