One of the craziest examples of how government is objectively worse than free market is: lotteries. When you bet $10 in a state-run lottery, your expected value could be as low as $5. Yes, an instant -50% return! Yet we could have lossless lotteries with DeFi where the EV of your bet is (near) 100%. And revenues come from yields on the capital via DeFi. Like @PoolTogether_. Yet the solution from the free market is banned, while consumers are fooled to get a -50% return on their money instead. How are state-run lotteries not a scam?

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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