But it is a stretch to me to think of the horse owners as gambling. People gamble on the outcome of races to be sure. It reminds me of horse owners who participate in competitive racing. By finding and retaining the best players they can earn a share of the most in-game currency. They can then seek out people willing to play the game on their behalf. That, to me, is NOT gambling.Īnother person can invest real-world cash to buy in-game assets. So for zero stake they can earn in-game currency that is convertible to real world cash. They can then apply/increase their skill in playing the game to earn a share of in-game currency. Ostensibly, someone can find a sponsor who will lend them in-game assets.
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The additional fact that the earned in-game currency can be converted to real world cash is not novel but certainly interesting when combined with the former.
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The mechanic of ownership allowing players to lend in-game assets to free players for the purposes of in-game currency generation is novel to me. This financial times article explained that the game is not gambling and instead is something more complex. When I thought the game was simply gambling I ignored it (and in fact I assumed it was earning high revenue). It is a least-charitable interpretation structured to forward your own viewpoint. That is an inaccurate/misleading summarization of my post. > "I thought it was gambling and immoral, but now that it has made billions there might be a point" It takes quite a bit of time to earn back all the fees you spent setting it up (unless you have lots of capital)įor comparison, OHM $100 now should be $4000 after one year or $300,000 after two years. a possible number) don't stack up once you include Ethereum fees. If you're small, even being a liquidity providers on a more stable pair which return ~20-30% (i.e. It's not stable and therefore those numbers are meaningless. Those numbers (even 200%) are fleeting, they last for a day or a week.
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In watching uniswap/sushiswap/etc this is not even remotely accurate. The other thing with this and all these APY numbers (yield farming, incl) is that they imply that the numbers will stay the same. It's more complex than that with bonded DAI, etc, so there is some fractional reserve of capital (at the moment it looks like 10%). 2 years and I can take out over 3 billion. So in 30 days I should be able to get $200 back out, and in 1 year I should be able to get out ~$725000. In reality this seems unlikely, given that Eurphoria($WAGMI) are giving out 0.81% per 8 hours 12% per 5 days, and doubling the amount of tokens in 30 days. you get one token for $100 now and in a year you can exchange 1 token for $100.
![million dollar pyramid answers wii million dollar pyramid answers wii](https://i.ytimg.com/vi/W9wYCRVH7dc/mqdefault.jpg)
But this assumes that the price won't change, i.e. It implies that if you put $100 in it will be 7250x bigger in a year.