Bitcoin has been classified as money, a commodity, an investment, or a collectible. In this post for @SoundMoneyProj, I argue that bitcoin is a novel financial game, a sort of decentralized gambling machine.https://www.aier.org/article/sound-money-project/bitcoin-novel-financial-game …
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Replying to @jp_koning @SoundMoneyProj
The design objective of BTC is not making early investors wealthy, that's just a side effect of the bootstrapping phase. The goal is to provide a global money. If achieved, then value increase levels off, it stabilizes, and all intended benefits accrue to latecomers.
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^this guy gets it
11:47 AM - 7 Jun 2018
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