![Cypher core contributor admits to stealing 0K and gambling it away Cypher core contributor admits to stealing 0K and gambling it away](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDUvMzE5NDIxOGEtODQ5Yy00OTc1LTk2YjktMjlhZDM5OGUzM2VkLmpwZw==.jpg)
The contributor, βhoak,β said their actions were due to a βcrippling gambling addictionβ and βpsychological factors that went by unchecked.β Source link
![Instant Settlement Series: The Gambling Industry Instant Settlement Series: The Gambling Industry](https://bitcoinmagazine.com/.image/c_fit,h_800,w_1200/MjA0MzkyMzQ0NzU2MTY3NzU3/image2.png)
Somebody, somewhere, at some point decided they would destroy the competition by creating a barrier to entry. They made the barrier high so they could feel safe. It is logical to put a…