This is probably the easiest and truest explanation
- There are people who bought NFT and gained in price, True
- There are people who bought lottery tickets and won, True.
- Buy NFT and the majority of cases will not increase in value, True
- Buying lottery tickets and most lotteries do not win, True
- The expected value of lottery profits is negative, True
- NFTâs expected gain in value is negative (in the long run) - zero-sum game, and the money that someone has put in is distributed, so the amount of money that someone has withdrawn is minus, True.
- If you donât buy a lottery ticket, you will never win the lottery, True
- If you donât buy NFTs, you donât get a price gain on NFTs, True
- Lottery issuers can profit with no risk, True
- NFT issuers can profit with no risk, True
When I mentioned this to my wife, she pointed out that âNFT is a horse raceâ is closer to âNFT is a horse raceâ if we take into account the fact that people purchase the tickets for the purpose of âsupporting their guessesâ.
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