gambling

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement May 2, 2018 by Avichal Garg · across every show →

Everything said about gambling, oldest first

May 2, 2018 neutral
Insight
Garg: ICOs are essentially a gambling use case
“In some sense ICOs are kind of the gaming use case, right? It's kind of like a gambling, it's a gambling use case, right? And like, that's actually kind of what's happening is people are just gambling as real money.”
Avichal Garg May 2, 2018 ▶ 27:06 Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Sep 1, 2022 negative
Insight
Seibel: Gambling exploits human desire for disproportionate wins without work
“Like, I would almost say that it takes advantage of an inherent flaw in our programming. And I think that flaw has something to do with getting disproportionate wins Without the perception of doing disproportionate amount of work.”
Michael Seibel Sep 1, 2022 ▶ 3:08 What Basic Game Theory Teaches Us About Startups · Y Combinator
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