Perpetual Contracts Exploit Gambling Psychology, Commentary Notes
A recent commentary argues that the success of perpetual contracts in crypto is due to their alignment with human brain mechanisms similar to those exploited by slot machines, turning rational trading into gambling.
A commentary circulating in crypto circles observes that perpetual contracts have secured a strong position in the industry because they precisely target a neural mechanism that slot machines have monetized for centuries.
The author of the piece examines how rational trading can devolve into gambling behavior, noting that the psychological hook makes it harder to step away from the game than most traders realize.
Source: ForkLog