pull down to refresh
Technically you can also be a degen with sound money on predyx
The guys doing it on predyx are doing ethical gambling
ethical gambling
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.
All markets can be viewed as being informed and reaping rewards for it.
Bitcoin benefits early adopters in a similar sense
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.
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.
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.
A symptom of late stage fiat