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oldcoin bad, newcoin good
Personal blog · oldcoinbad.comeconomicsculture
oldcoin bad, newcoin good is a personal blog at oldcoinbad.com about economics and culture. Since 2025, 3 different Hacker News readers have linked it 7 times, most often “Long-Degeneracy”. It is still writing: the last post was on 2025-10-28, and you can follow it by feed.
Too few sampled comments (6) to say how often HN recommends it.?
Why HN links it
HN readers link this blog's "long degeneracy" post to explain why gambling, speculation and financial risk-taking are rising. It argues that as real returns compress, risk increases to compensate.
Summarised by Claude from a sample of 6 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
assorted Extremely Online ramblings.
Most-linked posts?
- Long-Degeneracy3 people · 7 mentions · first linked 2025-10-05
What Hacker News says?
https://oldcoinbad.com/p/long-degeneracy In the author’s words, long degeneracy represents “a belief that the world will only get more degenerate, financialized, speculative, lonely, tribal and weird”. The most concise and holistic explanation of this trend is: "As real returns compress, risk increases to compensate".
Comment linking /p/long-degeneracy
on “Americans increasingly see legal sports betting as a bad thing for society”Submitted Long-Degeneracy as a story · 4 points
HN discussionFour-year anything is not seen as worth the cost, when every platform firehoses you with stories about people who became billionaires in 7 months. Being long degeneracy [1] is the number one strategy right now 1: https://oldcoinbad.com/p/long-degeneracy
Comment linking /p/long-degeneracy
on “Americans no longer see four-year college degrees as worth the cost”Being long degeneracy ( https://oldcoinbad.com/p/long-degeneracy ) really seems to be the correct market position. Turns out laws really are optional, if you're brazen enough.
Comment linking /p/long-degeneracy
on “Nurses Sound Alarm as 'Uber for Nursing' Apps Push to Deregulate Healthcare”I think there's truth in the idea that if people think their only chance at a good life is to win the lottery, everything will become a lottery. https://oldcoinbad.com/p/long-degeneracy
Comment linking /p/long-degeneracy
on “The Lottery-fication of Everything”Young men believe, thanks to social media constantly repeating them the same message, that the only way out of a sad wage cuck existence is hypergambling. This text opened my eyes to it https://oldcoinbad.com/p/long-degeneracy
Comment linking /p/long-degeneracy
on “Gambling ads on social media reach more than twice as many men as women: study”Gambling seems like a rational choice, when all the ”traditional” rational choices just lead into a mountain of student debt, not being able to afford a home, and general failure to launch Summed up very nicely in https://oldcoinbad.com/p/long-degeneracy
Comment linking /p/long-degeneracy
on “When legal sports betting surges, so do Americans' financial problems”