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EP. 15: There Are No Bailouts in Bitcoin
Money Matters with Jack Mallers
Constant Evaluation of Risk and Future Uncertainty
Humans continually assess risks in various activities such as choosing between walking or using a man-made flying vehicle. This evaluation extends to daily decisions like taking an elevator versus stairs, highlighting the inherent gambling nature of life. Uncertainty about the future makes everyone a gambler, evident in food choices and broader market behavior, as financial markets essentially predict future probabilities.
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