
EP. 15: There Are No Bailouts in Bitcoin
The Jack Mallers Show
00:00
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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