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by SideburnsOfDoom 2 hours ago
It's gambling, and it's gambling in dodgy unregulated casinos.

"This guy won big!" is absolutely a part of the marketing that pulls in the other suckers. It's not a counter-example, it's part of the scheme.

I know people who really enjoy a night out losing a 3-digit sum of money in a casino. Somehow they get sufficient reward from that to make the expense worthwhile for them.

The difference is, that unlike the Crypto enthusiasts, they don't afterwards try to convince me at length that gambling can and should replace money transfers, foreign exchange, banks in general, pension funds, the governmental exchequer etc. That would be cultish lunacy.