I do feel bad for people who have crypto worth millions of USD locked up in Binance at the moment. That must suck.
11 days
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- 11 days
No, they had it right above. It’s fine so long as you can afford to lose it; you lose it all when you go in, and if you’re lucky you get something back.
I’m happy to bet beer money with a friend on a random chance I’m interested in. Just for shits and giggles.
- 11 days
If you have self-control it’s fine like most other potential vices.
I’d personally rather avoid it to not promote the culture around it and because I know people that lost everything they owned from doing it.
- 11 days
I’d argue it’s more of an “industry” rather than a “culture”, that sits as the root cause of your distaste of betting. A predatory industry victimises that people to take their wealth. “The house always wins”.
- 11 days
The industry I do have a strong distaste for, but there is a culture around it I’m wary of as well. There’s times I’ll join a discord for games and the pastime of many college age guys is to start up a game of gambling between rounds of video games.
The industry makes it easy, but culture plays in a bit as well since you might not want to be missing out. You hear more of the stories of win streaks or big payouts, but the losses in between get swept under the rug. The industry does change it from something fun to something with actual consequences though, especially with those higher buy-ins these days.
- BooBees@fedinsfw.appEnglish11 days
Which is why businesses, their wealthy owners and CEOs dont mind gambling your retirement by tying it to the volatile markets and electing good-for-profits war mongering republicans who tank retirement funds, because they can afford for you to lose your retirement.
- 11 days
The issue there is that they aren’t being held liable to the cost they’re incurring.
- 11 days
But hear me out edge compute proof of work inference token people use to trade for inference or sell
- bamboo@lemmy.blahaj.zoneEnglish11 days
I mean I am pretty glad i had crypto leftover in 2012 after using the silk road which turned in to a nice chunk of change in 2018. But yeah, the whole thing is a pyramid scheme, i hope those who “invested” in 2018 aren’t left on the short end of the stick.
