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by hackcasual 3289 days ago
Worrying about missing out on 3000% gains is like walking into a casino, watching a roulette wheel and kicking yourself you didn't put $1000 on 00.
1 comments

There is a difference. When gambling on economic markets, there is no equivalent of 'the house always wins'.
The shovel makers win.
I think Vitalik & co are winning quite handily, actually.
Do you believe they should not be rewarded for their work? Vitalik had 500 000 ETH, and sold 25% at $5. The whole foundation had 12M ether which they used to support close to fifty developers worldwide. This is what crowdfunded innovation looks like.
I don't believe in prescriptivism, the world is chaotic and reward is a fiction. My point is simply that in the context of crypto markets, there most definitely is a house, and they are doing as expected.