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by mrb 3185 days ago
A "lottery ticket" does not quite fit the traditional definition of "investment".

Besides, almost no one who buys a lottery ticket ends up winning millions, but everyone who bought and held bitcoins since 2010 is a winner.

1 comments

They seem perfectly equivalent to me. Lottery winnings came from everyone else buying tickets, yes.

So where are the 'winnings' of these magical 2010-era bitcoin holders coming from, if not from other people buying bitcoins?