Yes, which seems reasonable to me. It would be more interesting if a global monetary system could use less than a bunch of casinos. (And maybe that will even happen with the adoption of proof-of-stake)
If bitcoin was a proof of stake and was the global monetary system I would have to re-think my opinions - at the moment it just seems like a cross between the worst aspects of Wall Street, the cookie clicker game, and the AI Paperclip Maximiser problem.