Do Kwon, the first catfish in the stablecoin industry, is “defending his rights” to recover the money for his house purc | Bee Network
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Original author: thiccy Original translation: Block unicorn This article explores the shift in risk appetite from mania to the worship of the jackpot, and its wider social implications. It involves some simple math, but it’s worth reading. Imagine you are playing a coin tossing game. How many times do you toss it? At first glance, this game looks like a money-printing machine. The expected return on each coin toss is 20% of your net worth, so in theory you should be able to toss the coin an infinite number of times and eventually accumulate all the wealth in the world. However, if we simulate 25,000 people each flipping a coin 1,000 times, almost everyone will end up with a result close to $0. The reason almost all outcomes tend toward…# Analysis# crypto# MarketPre
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- Compiled by Odaily Planet Daily ( @OdailyChina ); Translated by Azuma ( @azuma_eth ) Editor