A couple of years ago a friend told me that they were interested in crypto because it’s a lopsided bet. “Look, it’ll go to infinity or zero.” They were right!
Replying to @jim_savage_
I remember in the days after Robert Shiller framed it this way, sooo many people were making sophisticated-sounding arguments that essentially reduced to Pascal's Wager. It's a really funny space to observe. https://www.coindesk.com/nobel-winner-robert-shiller-bitcoin-ambiguous-value/ …
10:18 AM - 19 Dec 2018
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