Might as well become a day-trader and play the stock market for your fix. It would be a lot more regulated than most online poker.
Here's another point: the stock market isn't zero sum. At the end of the night of poker, the sum of all the money at the table is the same as the sum when it all began. It was just shuffled around. At a casino, the dealer snarfs a few chips from every hand as a rake, one of the big reasons I just don't play at a casino.
A stock market isn't zero sum and that opens up many possibilities and many risks. Let's say someone sells 1 million shares for a dollar at an IPO. Then the company does something really brilliant making the shares worth $1000 a piece. The money at the table went from 1 million to 1 billion thanks to the hard work of the people at the company.
Of course this can also go in the other direction as we've seen lately. But I think gambling on the stock market is much more interesting because of this fact. It's not mano-a-mano grubbing to beat out the person next to you. It's a collaborative effort to improve the world. I would be overstating it to say that everyone can win in the stock market, but there's something to the idea.:-)
Might as well become a day-trader and play the stock market for your fix. It would be a lot more regulated than most online poker.
Hah. If only that were true. Despite the hard work of the endless Sarbanes-Oxley regulations, it's hard to be sure where the money is coming from and where it's going. And even when we are sure, the market can just up and change its mind.
Consider Apple computer. It's a great company that makes great computers. I can't think of a more stable solution. (That's not saying it is stable, I just can't think of a one with a better franchise.) I don't think its prospects changed over the last week. But boy does the stock market disagree.
Ron Rivest and others have built many good systems for creating secure online poker games. It's possible to deal the cards in a way that the server can't eavesdrop.
Now, of course, these can't do anything about n-1 people at the table working together through outside channels. And a good algorithm can still be defeated by bugs in the client software. But the point is that there are good algorithms out there.
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Might as well become a day-trader and play the stock market for your fix. It would be a lot more regulated than most online poker.
Here's another point: the stock market isn't zero sum. At the end of the night of poker, the sum of all the money at the table is the same as the sum when it all began. It was just shuffled around. At a casino, the dealer snarfs a few chips from every hand as a rake, one of the big reasons I just don't play at a casino.
:-)
A stock market isn't zero sum and that opens up many possibilities and many risks. Let's say someone sells 1 million shares for a dollar at an IPO. Then the company does something really brilliant making the shares worth $1000 a piece. The money at the table went from 1 million to 1 billion thanks to the hard work of the people at the company.
Of course this can also go in the other direction as we've seen lately. But I think gambling on the stock market is much more interesting because of this fact. It's not mano-a-mano grubbing to beat out the person next to you. It's a collaborative effort to improve the world. I would be overstating it to say that everyone can win in the stock market, but there's something to the idea.
Might as well become a day-trader and play the stock market for your fix. It would be a lot more regulated than most online poker.
Hah. If only that were true. Despite the hard work of the endless Sarbanes-Oxley regulations, it's hard to be sure where the money is coming from and where it's going. And even when we are sure, the market can just up and change its mind.
Consider Apple computer. It's a great company that makes great computers. I can't think of a more stable solution. (That's not saying it is stable, I just can't think of a one with a better franchise.) I don't think its prospects changed over the last week. But boy does the stock market disagree.
Ron Rivest and others have built many good systems for creating secure online poker games. It's possible to deal the cards in a way that the server can't eavesdrop. Now, of course, these can't do anything about n-1 people at the table working together through outside channels. And a good algorithm can still be defeated by bugs in the client software. But the point is that there are good algorithms out there.