Ethereum Q&A: Scams, Gambling, and Regulation

3 years ago
8

Will regulation stop scams or bad investments? Regulation pushes things into the background, it doesn't stop it from happening or fix the cognitive biases (confirmation bias, selection bias, survivor bias) that contribute to addictive gambling behaviour and speculation. Gambling is a tax on people who don't understand probability. Checking the price of bitcoin or ether triggers your dopamine center. You shouldn't be looking at these technologies as investments, particularly short-term investments. They're meant to be learned from.

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