Subnostr

I might have to write a book one day connecting Bitcoin and Poker.

Bitcoiners are, by and large, shit at personal risk assessment. Thank god for them that Bitcoin is riskless. This makes their ignorance largely inconsequential.

Risk competence is what gives a low time preference a shelf life. We’re all low time preference until something happens s and we’re not.

Adversarial thinking is off the charts - but understanding risk is remedial.

Poker fixes this.

21seasons 2y ago

Poker analogy works too but when thinking about game references, I think Bitcoin is more like chess than poker

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Discussion

Phundamentals 2y ago

I agree to the point that we can see the board and the strategy is about the next move.

The difference between chess and poker is 1) poker is based on incomplete information; and 2) poker puts meaningful financial skin in the game

This is what Bitcoiners could use more of when it comes to going back and assessing their decisions. If one’s time preference is to stay low - they need more than what chess can provide.