The jackpot for Powerball is in excess of 1.3 Billion dollars. This means that tons of Americans are going to go out and pour dollar after dollar chasing a jackpot that simply is not going to happen for them. Altogether, over a billion dollars has been spent on lottery tickets in this last run up. But what if they had spent that money on Bitcoin (or for an even better return: Monero) instead of lottery tickets?
First of all, the 'return' on an average Powerball ticket is abysmal: barring the grand prize, the smaller prizes are so small and insignificant compared to their odds that they might as well not even exist. You have to assume that if you don't win the grand prize, you are essentially throwing your money away. And you have to accept that you will likely not win the grand prize.
So when you spend $20 on ten Powerball tickets, that money is basically being thrown into a pit. It no longer exists and you won't see it again.
So what if all these millions of Americans threw that same $20 into a pit of cryptocurrency? Well, Bitcoin and Monero are not some zero-sum games. Unlike lottery tickets, the more people believe in a cryptocurrency, the more valuable they become.
And it doesn't have one single winner: if everyone invests their time and capital into a financial network, then it begins to represent a larger and larger share of humanity, rewarding those who put their faith in it early on. Instead of having thrown your money away, when the dust settled you would certainly have something which would be worth more than what you paid for it.
And the beautiful part? You wouldn't have to sell it, or trade it in. Bitcoin and Monero have built in utility to be a functional money all on their own. So when you spend your $20 on some 'worthless internet numbers' (and so does everyone else) and you discover that those 'bits' or Monero are now worth $$$ each, you now have a large share worth of functional money that can be traded to anyone else on the network for goods and services... and if you believe in your asset enough to keep going you can sell your own labor, goods, and services for more.
Everyone would win - which is a far cry from the "everyone's going to lose" reality that is the modern lottery.
So this week while everyone is frothing at the mouth thinking about what they would do with that jackpot... remind them of the "bitcoin jackpot winners" from the late 2000's. Because the speculative stage of Bitcoin is still going (and the safest play in crypto) and the dangerously explosive Monero growth is just beginning. In order for a cryptocurrency network to function as a self-contained financial universe it will have to undergo a serious of violent and enormous expansions. Many more of these expansions are yet to come.
Anyone who holds a "ticket" at that point wins. We're all gonna be winners, at every stage of these networks' ascent. This is the power of belief, and the power of a growing decentralized financial network. The lottery tricks people into believing something too-good-to-be-true to steal their money.... whereas we are offering the world something actually too-good-to-be-true (but yet still true) and trying to enrich them despite their skepticism.
yes, lots of americans and europeans spend money on lottery hoping for them to be lucky person, even if they know that they won't win,, and if they would spend money on bitcoins, price of bitcoin would rise so that means they would get more money and yes they would be happy
