shazow
@shazow.eth
Farcaster is wrong about gambling and casinos. We treat the aversion to casinos like the aversion to nudity: a cultural virtue that people can acclimate to... but really it's more like the aversion to cigarettes. Some people aren't bothered by cigarettes, and thoroughly enjoy them while being fully aware of the risks. Other people can't handle the stench of cigarettes or actively battle life-long cravings. There is a substantial subset of people who will never "come around to it"--not because they disagree ideologically but simply because they don't want to be around cigarette smoke all day. I don't know if it's a majority, but it could be by association. I bet we'll regret the collateral damage from making cigarettes front-and-center.
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Nick Smith
@iamnick.eth
there was a period in the 17th century where society also viewed gambling as morally wrong. economists slowly accepted that speculation improved markets as it incorporated dispersed information. regulation helped legitimise the behaviour and modern stock markets were born. taking a free spin on a slot machine is very different to speculating on an idea, company or narrative that you think will be more valuable in the future https://www.instagram.com/reel/DOJr5UIErHF/
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shazow
@shazow.eth
speculation is not the same as gambling but i'm not even decrying the existence of gambling, just that it's not fit for every occasion https://farcaster.xyz/shazow.eth/0x10592eea
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