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0 sats \ 16 replies \ @klk 2 May \ parent \ on: What to improve for the Predyx platform? devs
- Useless: being able to have a hedge against too little rains can be useful for a farmer for example. Knowing the best estimate of the probability of a war starting in your country can be useful as well. It's like saying Bitcoin is useless because some people use it to gamble.
- Scam: why?
You never think (use your brain) that all these "predictions" are in fact data grabbing for more "evil" things?
YOU ARE BEING USED!
ofc a NPC can't think of that...
People (NPCs) nowadays are so gullible that will give away so much information for free, but thinking that "betting" on it will give them some more sats, but instead insurance companies are willing to pay a fortune only for what their clients will think about.... weather.
YOU ARE SO FUCKING GULLIBLE!
Do not sell your soul for few sats!
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The information that one person has about the likelihood of an event is rarely worth a fortune. The aggregate of the “weighted” (by stake) of a large enough group can be.
But let's look at it from the other side, how can a Bitcoin maxi get insurance? Going to those evil guys, going through KYC, and giving them some fiat? How is this better?
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edited the previous comment
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how can a Bitcoin maxi get insurance?
https://darth-coin.github.io/general/natural-law-bitcoin-en.html
very few people paid attention to this important article I wrote...
Is their choice to ignore my advice, but they cannot ignore the consequences of ignoring my advice.
TLDR: be responsible for your own actions
without personal responsibility, there's no freedom
That's why very few people still understand what really is Bitcoin.
Bitcoin is part of that "·personal responsibility".
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A farmer who grows olive trees is not responsible for the rain and can't be. Some kinds of crops are only profitable (in benefit for all humanity) if they get water from the rain.
That farmer might be able to invest all his wealth into the crop if he gets insurance for a year with very little rain, so that he doesn't go broke and can keep growing those crops that we all enjoy next year.
There must be a way to achieve this without going through state controlled evil entities. Even if they indirectly benefit from it.
Again, you probably aren't against Bitcoin just because holding it makes the nation states that confiscated it richer.