regulations
drugs
weed
free speech
tokenomics
telegram
crypto
gambling
poker
Last month, I spent a great deal of time exploring “tokenomics” for a start-up in the crypto space. Tokenomics is a fancy word for incentive design. It’s a way for you to jumpstart a business by giving certain groups of people “tokens” in exchange for using your product or promoting it. The idea is that: …
gambling
hqtrivia
loot box
lotteries
lottery
robinhood
sweepstakes
Take a look at the economics of a lottery, and you’ll realize that these things are extremely profitable. From the Roman Empire to the Han Dynasty, governments have long recognized that lotteries are a license to print money. And of course, even the dumbest emperor would not allow this type of power to go unchecked. …
Continue reading “Hidden in plain sight – how corporations exploit the power of lotteries”
casinos
Entrepreneurship
gambling
games
liar's dice
start-up idea
Liar’s Dice is one of the best games ever invented. It is a fast-paced game involving luck, probability & bluffing. It is easy to learn – you don’t need to be particularly good at math. If you can divide 24 by 3 in your head, you will do just fine. And most 12-year-old kids should …
Continue reading “IDEA: Turning Liar’s Dice into the next Texas Hold’em”