Right, and I'd also like to preempt any apologetics trying to cloak it as socially-beneficial "information discovery."
Many of these betting/insider-trading scenarios are structured so that the information only becomes revealed at the same moment it becomes worthless. (In some cases, that's just a return to its default state.) Like the value of knowing the winning numbers from an expired lotto draw.
Right, and I'd also like to preempt any apologetics trying to cloak it as socially-beneficial "information discovery."
Many of these betting/insider-trading scenarios are structured so that the information only becomes revealed at the same moment it becomes worthless. (In some cases, that's just a return to its default state.) Like the value of knowing the winning numbers from an expired lotto draw.