JackTheMimic's avatar
JackTheMimic 3 weeks ago
Speculation by not knowing the future is not gambling. Not knowing whether or not I will be alive at the end of the week is not the same as taking out a three Bitcoin bet that I will survive till the end of the week. One of those things has a perverse incentive. Your misapplication of logic is weak.

Replies (2)

JackTheMimic's avatar
JackTheMimic 3 weeks ago
And I am telling you money≠action. Human action is the only thing that tells you what someone values. They are running nodes with specific software. That action is telling you their intention and their preference. All a one Bitcoin bet means is that I have enough Bitcoin that I can frivolously take a stupid wager with another person. That doesn't tell you anything about my preference. Maybe reread some Austrian economics.
JackTheMimic's avatar
JackTheMimic 3 weeks ago
Also, they are putting their money on the line by running a node and using that as the source of truth for their Bitcoin transactions.