> Are you blaming bitcoin for gambling addiction and bad investing now?
No. I’m explicitly not blaming bitcoin. I’m blaming the humans that take advantage of others using the technical complexity of the crypto ecosystem to convince people that it is something that it isn’t.
The fact that you can wreck your life in Vegas or day-trading on Robinhood using dollars isn’t something I like either.
The whole point of the sentence you quoted is that bitcoin isn’t some magical wealth creator as it is frequently sold as. It’s to point out that it is a zero sum game; for every dollar someone has gotten out of the system, someone else has put a dollar in.
> for every dollar someone has gotten out of the system, someone else has put a dollar in.
That's a feature and in the fiat economy the same is almost true. If Bitcoin is a "zero sum game" then fiat is a "negative sum game" for the vast majority of participants whose money is debased.
No. I’m explicitly not blaming bitcoin. I’m blaming the humans that take advantage of others using the technical complexity of the crypto ecosystem to convince people that it is something that it isn’t.
The fact that you can wreck your life in Vegas or day-trading on Robinhood using dollars isn’t something I like either.
The whole point of the sentence you quoted is that bitcoin isn’t some magical wealth creator as it is frequently sold as. It’s to point out that it is a zero sum game; for every dollar someone has gotten out of the system, someone else has put a dollar in.