After studying this article, GPT summarized some key points 1. Coin games introduce the Jackpot paradox Although there may seem to be a positive expectation, most people will eventually lose out because volatility erodes long-term gains. We are currently in the era of Jackpot The society is full of fantasies of overnight wealth, and many people rely on gambling, options, encryption, and entrepreneurship to bet on a reversal of fate. 3. Changes in Wealth Concept Traditionally, there has been a pursuit of stability (logarithmic wealth), but now more and more people tend to take risks (linear/exponential preference). 4. Extreme success masks systemic failure People like SBF and 3AC have won Jackpot, but behind it are thousands of people whose wealth has been reduced to zero. 5. The winner takes all effect of technology and capital amplification AI and online platforms allow the winner takes all, making it increasingly difficult for ordinary people to turn the tide and relying solely on gambling style opportunities. 6. Author's Reflection and Suggestions Instead of blindly betting on Jackpot, it's better to pursue logarithmic wealth (steady accumulation); Call for new cultures/beliefs that can help everyone regain dignity and meaning in the technological society. Appendix: Logarithmic utility is a conservative but sustainable view of wealth, with the core idea being: >The richer you are, the less meaning each additional dollar has for you, so don't take big risks just to earn a little more. the original https://(x.com)/thiccyth0t/status/1943773395209924769? s=09