Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
00:00
The State Lottery Is Not Like Them, Is It?
Ponfon: I'm not by any means comparing bit coin to the state lottery. But what you might say is, it's a lottery because you can join a pool with a lot of other people,. and then when one bit coin gets rewarded, when that lottery ticket hits, you get your share. Ponfon says he considers the state lottery a regressive tax on the poor. The coin actually hopefully disrupt state lotteries in the long run.
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