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ludamad | 3 years ago

"Cryptocurrency is gambling, plain and simple." I actually view it as a collectible, and find it a bit annoying when people assert that it is simply not valid to view it as anything but gambling (which it certainly can be). It has a certain aesthetic to me and I enjoy having it (if it needs to be said, I do not encourage anyone to buy it, and if you already do want it, I encourage a small position). Yes it is not rational. There is an aspect of 'this is inherently worthless', but that's been true of collectable cardboard for a long time. So has in-signalling and speculation.

If collectable cards were algorithmically printed into oblivion they would lose all value too.

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cutler|3 years ago

Gambling is exactly how crypto is being used. Crypto is nothing more than a big casino and to anyone who just lost their shirt I say that's what you get for trying so desperately to get something for nothing.

ludamad|3 years ago

Again, mostly not wrong but a bit annoying. I enjoy money that works with a programmable remote procedure call system (what I refer to as aesthetic, as sure, I can't call this super useful in real economic terms) and I'm quite willing to take a loss. Not sure what you're adding to what hasn't already been said; you effectively ignored my post.