In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
You are getting it the wrong way. Your information about Bitcoin is terribly wrong. Please get back to the basic description of Bitcoin. Add to it at least a little history of the technology and its original vision. I even want you to at least browse the portion of Bitcoin's whitepaper, the one that can easily be understood by any layman. Bitcoin is our best option in terms of payment. Why? That's your assignment.
