Hacker News new | ask | show | jobs
by dojitza1 1470 days ago
The difference between gambling and crypto is in the timelines. Gambling has a high frequency where crypto is quite a bit lower. This allows some lucky people to 'exit the casino' by the virtue of being lucky enough to have won the bet, and being pressured somehow to cash out and not continue gambling. For some, it is a birth of a child, perhaps a purchase decision etc. Low frequency allows for these events to take place, betting on horses does not.