• iiiEnglish
    2·
    2 days ago

    “Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize.”

    That definition encompasses everything we do in life. From crossing the road, to buying a fridge, to falling in love.

    • Lifter@discuss.tchncs.de
      3·
      1 day ago

      Exactly! Which is why it is mad trying to outlaw or frown upon “gambling” with stocks.

      There are many great wxamples in this thread already of why derivatives are necessary to a functioning society.