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I wasted years of my life in crypto

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681 points Anon84 | 4 comments | 07 Dec 25 12:57 UTC | HN request time: 0s | source
1. elif ◴[08 Dec 25 15:11 UTC] No.46193109[source]▶
Crypto is NOT a casino.

In a casino the house always wins.

In crypto, every single player that's sat down for 5 years is a winner.

replies(2): >>46193125 #>>46215460 #
2. slekker ◴[08 Dec 25 15:13 UTC] No.46193125[source]▶
I suppose in the analogy, the house would be the creators of "shitcoins", or the people that aren't left holding bags of worthless crypto coins.
replies(1): >>46193139 #
3. elif ◴[08 Dec 25 15:14 UTC] No.46193139[source]▶
No, there are gamblers in the crypto space, like there are gamblers in the college football space.

It doesn't mean that college football is a casino.

4. GBeastMode ◴[10 Dec 25 08:38 UTC] No.46215460[source]▶
It’s true that 'the house always wins' in the long run because of game mathematics. Yet a casino that runs on secure, certified software and focuses on player retention doesn’t profit from a single big loss - it builds income through long-term relationships with its players. Here’s an article explaining how casinos generate revenue: https://www.rosloto.net/en/what-online-casino-revenues-depen...