Ben McKenzie
๐ค SpeakerAppearances Over Time
Podcast Appearances
But if you play long enough, on average, you're losing.
Because again, how do they keep the lights on in the casino?
They're lying to you for money.
And what's different about Wall Street, I mean, look,
I could defend all of Wall Street or all of the financial industry because there's obviously a ton of grifters there too.
But crypto really is fundamentally, and gambling, is fundamentally different from the stock market because the stock market is a positive sum game.
the money that investors invest, uh, buy, uh, pay for stocks goes to the companies, at least some of it, uh, the stock that's issued by the companies, they take that money and they can invest in their companies.
They can make more stuff, provide more goods and services, which theoretically benefits us all, right?
Rising stock price, more stuff to buy, uh,
Investors win, company wins, society wins.
Obviously, there's lots of caveats to that, but that is how it's supposed to work.
That is how it has historically worked overall, right?
Crypto can't do any of that because it's not a positive sum game.
It's a zero sum at best game, really negative sum game.
By the way, the thing that I should mention is like,