alt Hacker NewsYour comment does not address the (imho reasonable) criticism that the described system incentivizes gambling as the key to wealth, rather than labor.
There are many problems with a gambling based economy, not least among them that over a long enough time line, all the money ends in very few hands.
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sokoloff • today at 1:43 PM
I don’t view long-term investing in productive companies as anything close to gambling.
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> a long enough time line, all the money ends in very few hands.
You're assuming the economy is zero sum, which it obviously is not.