Hacker News new | ask | show | jobs
by rocqua 3289 days ago
There is a difference. When gambling on economic markets, there is no equivalent of 'the house always wins'.
2 comments

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.