Steady Lads #42 • PVP Season? Memecoin Supercycle? w/ Special Guest: Qiao Wang
Steady Lads
Distinguishing Between Skill-Based Gambling and Pure Luck Gambling in Crypto
In the realm of crypto, there is a distinction between skill-based gambling and pure luck gambling. Skill-based games involve strategies and learning to outsmart others, resembling trading or leverage trading. However, the majority in the market, around 95%, engage in pure luck gambling activities where outcomes are random. Despite the debate on skills playing a role, many activities in crypto are zero-sum games, attracting both experienced traders and novices seeking luck, but with no expected value.
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