NGMI
@ngmi_xyz • 1,023 subscribers
terminally online money podcast. hosted by @ideacasino
Videos
Ex-Quant Trader (Finn Hulse) introduces Gambling 2.0: A new ecosystem primitive where your bets are against every other player In this episode, Finn introduces the Gambling 2.0 Initiative (Gambling 2.0 Initiative) and breaks down how replacing the house’s bankroll with a huge player pool inverts predatory incentives and democratizes positive EV, effectively creating a “variance exchange” at the core of all games of chance. Gambling 2.0 is a self-custodial, permissionless, and unfuckwithable system for provably fair gambling where the “house” always wants its players to win. We discuss - How to create a permissionless, fair gambling system that doesn’t exploit its own users - The predatory incentives, practices, and misalignment at the core of “Gambling 1.0” - How gambling can be understood as a “good” thing at a social level - The rise of chronic youth gambling and escaping the permanent underclass - How Gambling 2.0 removes the house and re-aligns incentives in favor of users - How Variance Vault acts as a HIP-3/Shopify layer for building fair gambling at scale - The mechanics of limiting user downside while maintaining high variance upside - Why Finn is pitching Gambling 2.0 to governments first - Powerball/Jackpot style lotteries are an existing primitive version of Gambling 2.0 - Is this practically possible? What does the onboarding process look like with existing infra? - The challenge of provable fairness & randomness - What it looks like to build and deploy Gambling 2.0 at scale Timestamps 0:00 Freeroll & Gambling 2.0 04:30 Predatory gambling mechanics 09:00 Gambling: declining with boomers, increasing with youth 11:30 Labor and capital 12:50 Clavicular, influencers & deceptive (probably illegal) advertising 13:46 The 3 Tenets of Gambling 2.0 19:41 Variance Vault: democratizing upside 23:07 Provably fair house mechanics 27:40 Randomness & decentralization 29:17 The HIP-3/Shopify of gambling 36:52 GTM strategy for Freeroll 40:20 Pitching Freeroll to governments 42:17 Shutdown Las Vegas, rewire into Gambling 2.0 46:00 How to create a fair high variance reward system 51:30 A permissionless gambling layer 53:50 Removing predatory inefficiency from markets 58:10 Self-funding variance 1:02:05 Deploy a game on Freeroll
NGMI14,878 görüntüleme • 1 ay önce
prediction markets are a new asset class - Lauris 0:00 - intro 4:59 - the toxic effect(s) of memecoins 7:20 - prediction markets as an asset class 12:39 - arrow-debreu securities & perfect markets 16:00 - Hyperliquid & trade.xyz: total cultural victory 19:45 - “web3” is stupid & dumb 27:00 - the Lucretian swerve & evolutionary framing 29:00 - gamblefi: prediction markets vs memecoins 34:02 - hedgebook: Kalshi + Kalshiresearch 45:00 - modern dating dynamics 47:35 - Plausibly Deniable mentioned 51:50 - misappropriating media ecology, christianity & hypergamy 1:04:00 - RWAs and the next “meta” 1:07:00 - ai and the re-industrialization of the united states
NGMI14,358 görüntüleme • 3 ay önce
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