I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.
Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
The second one seems to fit crypto best, so it's clear they know what they are saying.
Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?
when you hear the phrase "bitcoin is gambling" then show them about satoshi's vision and mission of creating bitcoin based on the whitepaper.
It is important to know that what is known as gambling is playing with luck
(usually sports betting and slots), while bitcoin is a currency as well as an asset that you can use for anything (
including for gambling, paying for something, trading or invest)to be able to understand what bitcoin is, requires a conscious mind, don't give rejection from the start because you won't be able to understand it properly.