[ExI] Is Bitcoin a betting game - not money?

BillK pharos at gmail.com
Sun Nov 10 16:33:23 UTC 2019

The Gamification of Bitcoin
J.P. Koning – November 7, 2019


What is now apparent is that bitcoin was never a monetary phenomenon.
No, bitcoin is a new sort of financial betting game. It is a digital,
global, highly-secure, and fairer version of the old-fashioned chain

The premise behind bitcoin-the-game is that the current wave of buyers
must guess when (or if) a subsequent wave of buyers will emerge, this
second next wave’s participation being contingent on when (or if) they
believe a third wave of buyers to emerge. If they guess right, the
early birds win at the expense of the late ones.


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