Yep. And they allow casinos, lotteries, and other different kinds of gambling platforms like you said. But still some governments say crypto is "too risky". Screw the government.
Because those all are fair gambling, where players face (slightly) negative odds. BTC is a scam, where people are sucked in in good belief and will eventually lose huge amount of money. The fact, that You are running positive, doesnt mean anything. The bigger, "market cap" grows, the more money people lose overall.
Yes, that what I said. Because English is my 3rd language, I can not express myself freely. While every single person does not lose money (whales and skilled speculants scam money from others), the vast majority of people are quaranteed to lose a great sum of money. As in any monetary scheme. You will see it soon enough.
Well, technically you're right. But what's your point? Some traders and investors in general lose money one way or another; not only on bitcoin or other cryptocurrencies, but also with stocks, bonds, businesses, real estate, etc. Does it mean that these stuff are scams? Nope. Or did I not understand you again?
No that didint mean, that all stocks are scam. If I sell You Netflix stock, You may believe that Netflix will be hugely popular, offer value (movies, series) to more and more people, those want to pay for services every month, profit of company, therefore its value, grows. Now very important point: product of netflix or streaming media, if You like, is perfectly possible and viable product.
IN case of BTC, the only way You get any profit, is when You sell it at higher price to another person. Claimed product behind BTC is NOT possible or viable. Validating transactions by this method has no scalability OR it will be ridiculously expensive OR it wont be decentralized. BTC, as it is promoted, is just a cover for monetary scheme, I wont name it pyramid, because its not exactly pyramid. Although mining part is not very far from being pyramid too. If You draw payment of miner after every halvening, it will look like this:
$$$$$$$$$$$$
$$$$$$
$$$
$
First row is first released coins, or first years, if You want. If You look at it, You can understand very well, how whales became whales.
