I don't doubt the potential for getting lucky and making money but damn black jack is more fun and less complicated.
I think I just wish I could take a trip to a casino rn and I want to live vicariously through one of you
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Isn't there more fun gambling in japan
I havent looked into it too much. Gambling is illegal but there are industries that work around it, like pachinko famously. Idk I just want to sit at a card table.
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Ya that's what I meant
Hey guys how's the crypto going? Haven't paid much attn to this stuff ever since I sold my btc at 60k haha
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Yes letās compare a game designed to give an advantage to the host of the game to a volatile asset market.
Weāve all heard the comparison of markets to casinos etc and I understand where people come from when they say that but I think at worst you could consider it a zero sum game like any other market.
I think a more realistic comparison would be poker where you can either study and learn how to play poker to eek out an advantage over other players a win long term, or just play like a complete gambling degen get lucky and make money or get unlucky and lose all your money. I do not believe that people that study markets and indicators to try and guess if an asset is going to go up and down are really doing anything though and I think the study comes from recognizing which projects are legit scams or not.
In the crypto markets there are like 3 cryptos that arenāt scams and those are bitcoin monero and Ethereum and out of those 3 Ethereum is the most scammy because it allows people to build scam projects on top of it and web3 has been practically useless for anything except grifting kids with NFTs and shitty tokens.
I hold monero and just donāt care about the market, the technology behind it which allows people to anonymously exchange monetary value over the internet almost instantly at much lower fees than btc is where I find the value in it and any short term movements of price up or down I donāt really care about.
BTC is the same way, the ability to transfer sums of money through the internet in a decentralized fashion outside control of banks is where I imagine the value is. Saying there is no value in those two things and likening it to gambling is just foolish.
There's other nonscams than Big 3 but in terms of what is worthless 99+% is probably accurate
Theoretically while there is no defacto crypto for this a total meme token like doge still has value in terms of quickly losing large sums of cash for a nominal fee. It's a gamble and subject to arbitration but it's not a literal scam like normies think
I donāt know most of these tokens and coins are just scams with extra steps whether itās scamming venture capitalists or end users
Not true and you shouldn't perpetuate ideas like that because it just creates FUD in the eyes of the absolutely ignorant like Huber
Definitely true lol
I consider every token coin or whatever just a scam until proven otherwise
A scam is literally a scheme that doesn't work it's the equivalent of a rugpull and it's super inaccurate
If the development of the coin isnāt done like monero itās a scam
That's fine but you're wrong and that's normally okay unless you're out there spreading the ideas which you might be as someone who may consider themselves an authority on this subject
Wdym by thus
Open source, development done for free by community members or in cases where specialist are needed (common due to cutting edge cryptography techniques used) the community funds it via monero donations and is voted and donated to in a public forum
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Anything specifically critizing pyramid schemes is fair but it's a super easy way to discount tech that is basically trying to fund it's own development
Literally started as a project with no intention of seeking outside capital or investment at any points, no private coin offering early users and adopters (therefore early on developers) are the whales
There's a number of company's and crypto products within the field that do this, every company like Compound and others. That's the nature of smart contracts