Every week, millions of people in the UK gamble on the National Lottery. They’ll be rich beyond belief if they win, but the chances are infinitesimal. Everyone knows it. They still buy tickets.The explanation is simple, and it goes a little way to explaining the phenomenon of bitcoin: it’s something to do, to think about, to talk and dream about. In a word, it’s entertaining.Bitcoin, and cryptocurrencies in general, are not directly analogous to the fairly mundane practice of buying a Lottery ticket, but this part of its appeal is often ignored in favour of more intellectual or high-brow explanations.It has all the hallmarks of a fun game, played out across the planet with few barriers to entry and all the joy and pain that usually accompanies gambling.There’s a single, addictive reward
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Every week, millions of people in the UK gamble on the National Lottery. They’ll be rich...