Pay-to-win games have existed without the blockchain for decades. Quite a few Korean and Chinese MMOs used to operate on this principle, for example. It turns

Pay-to-win games have existed without the blockchain for decades. Quite a few Korean and Chinese MMOs used to operate on this principle, for example. It turns out that a game where you have to spend money to be successful, and where spending more money makes you more successful, is not a very fun game.