Nicholas Charriere
@pushix
Please stop with the skin in the game shtick. 1M of 1.3B do your own math and calculate what it would be for you and your wealth. I hate this stuff because it feels so manipulative. https://i.imgur.com/A4Sp99Z.jpg
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Dan Romero
@dwr.eth
Please stop with believing net worth numbers you read on the internet :)
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timdaub
@timdaub.eth
why?
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Dan Romero
@dwr.eth
The only number you can trust is an SEC disclosure of how many public company shares an individual owns. And even then, you can't sell all of those for cash without tanking price / taxes. Plenty of people who decline to be on the "lists". People who opt into lists a likely doing so for marketing.
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Connor McCormick ☀️
@nor
while this is true, even if estimates of his net worth are off by an order of magnitude the argument estill seems relevant
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Dan Romero
@dwr.eth
Perception of the value of $X does not scale linearly as a % of net worth.
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Connor McCormick ☀️
@nor
You'd still agree that if I spent $X and X was my net worth that would be larger signal than if it was merely some small fraction of my net worth. otherwise "All in" means nothing
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Dan Romero
@dwr.eth
Has he said all in? imo, $1M is the threshold that people start paying attention. It's a big round number. Schelling Point to draw attention (the whole exercise is called the BitSignal). Don't over think it.
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Connor McCormick ☀️
@nor
He hasn't said all in. I meant that we do take "all in" to be a salient signal of confidence with any number of chips. Which implies that % of chips matters. Yeah, and @pushix's counter is to dampen the signal value by pointing out that % of chips is low.
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Connor McCormick ☀️
@nor
Curious what function maps a bet between different wealth levels. If I bet $5 and have a net worth of $500, what's the equivalent bet for someone with a net worth of $500,000? Is it symmetric?
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