Quote from: TomUyamot on April 06, 2018, 06:15:20 AM

Quote from: melvster on June 10, 2013, 11:17:14 AM

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.?

Bitcoin is not gambling. You are not betting on something. When you buy Bitcoin it is not like you are plainly depending on absolute luck for your investment to either rise or turn to zero. Gambling is actually based on pure luck. And the odds will always be against your favor. Bitcoin, on the other hand, is a currency. That itself tells a lot why Bitcoin is not gambling. Moreover, such currency is being bought and sold resulting to a fluctuating value.

I think people are considering investing as gambling so that's why they could say investing in Bitcoin is a form of gambling but i think it don't work that way at all. People are forgeting that Bitcoin is more likely stocks and forex and why they don't call those investments are gambling but keep saying Bitcoin is a gambling ? It's all about the misunderstanding .