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107 sats \ 9 replies \ @Undisciplined 5 Mar \ parent \ on: Lottery is a Financial Tax on Stupidity (FT, Ramsay Hodgson) econ

I’ll push back.

If we only look at the dummies buying lottery tickets, how likely are they to amass millions in tax exempt savings?

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55 sats \ 2 replies \ @Bell_curve 6 Mar

Isn't bitcoin mining playing the lottery?

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16 sats \ 1 reply \ @Undisciplined 19h

It's playing a lottery, but I doubt the author is talking about lotteries with positive expected returns.

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71 sats \ 0 replies \ @Bell_curve 16h

For most miners the expected returns are not positive

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66 sats \ 5 replies \ @SimpleStacker 5 Mar

The meme was directed at the author of the article more than anyone. What a strange comparison to make.

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78 sats \ 4 replies \ @Undisciplined 5 Mar

It makes me want to figure out which chunk of the distribution should buy lottery tickets to maximize their chances of becoming millionaires.

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59 sats \ 3 replies \ @SimpleStacker 5 Mar

prolly this guy? #1448245

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5 sats \ 2 replies \ @Undisciplined 5 Mar

Clearly not. That guy can get there on his own

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16 sats \ 1 reply \ @SimpleStacker 5 Mar

But then he got high

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16 sats \ 0 replies \ @Undisciplined 5 Mar

And then he got high

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