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Bitcoins for gambling....

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Posts: 430

MLBguru

Veteran

Joined: Apr, 2008

Posts: 4026

Posted: Dec. 13, 2013 - 7:43 PM ET #276

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out. That's why you're seeing these bigger and more improved copycats.

MLBguru

Veteran

Joined: Apr, 2008

Posts: 4026

Posted: Dec. 13, 2013 - 7:46 PM ET #277

You can make money off mining litecoin, if you're willing to go out and buy the hardware. The difficulty is still 'low' in comparison with bitcoins.

GunShard

Veteran

Joined: Sep, 2009

Posts: 1534

Posted: Dec. 14, 2013 - 10:33 PM ET #278

BitCoins is a stock and not money.
It is what it is.

vanzack

Legend

Joined: Nov, 2001

Posts: 60107

Posted: Dec. 19, 2013 - 3:21 AM ET #279

the volatility in bitcoin is insane.

It cant be taken seriously by the mainstream until 2 things happen:

1. Ease of use and purchase gets better for the average user.

2. The currency stabilizes.

It cant be 500 one day and 1000 the next. Nobody will ever be able to accept the currency for real goods and services if this is the case.

Support your local animal shelter. I am on twitter.

sparty444

All-Star

Joined: Dec, 2005

Posts: 10039

Posted: Dec. 19, 2013 - 10:54 AM ET #280

Not enough in circulation to stabilize ...not sure there ever will be honestly. Hence I think bitcoin is a short term phenomenon until a better option comes along

UJUSTWON2

Prospect

Joined: Dec, 2013

Posts: 227

Posted: Dec. 20, 2013 - 7:36 PM ET #281

Hey numchucks did you stop gambling? hope you are doing well

Denverb

Captain

Joined: Jan, 2009

Posts: 5162

Posted: Dec. 27, 2013 - 10:16 AM ET #282

Quote Originally Posted by MLBguru:

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out. That's why you're seeing these bigger and more improved copycats.

Listen this guy and you be broke as hell.
There are not ever going to be that many BTC. Do some reading before you post this horse$hit.

Denverb

Captain

Joined: Jan, 2009

Posts: 5162

Posted: Dec. 27, 2013 - 10:26 AM ET #283

Not to sound like MLBguru but for the guys who think BTC is a commodity take a look at something designed to be a currency.
If you want to take a chance there is a pre-buy coming up at .10 per coin. It is not designed to have huge price jumps in either direction.
For full disclosure I am going to buy in on this. I am not touting it as a home run do not invest more than you can use.
So far the three I have invested in have brought in more then I could have imagined and I am at a hold forever stage now.
This will also be a hold for a long time type thing.

"eMunie"

Denverb

Captain

Joined: Jan, 2009

Posts: 5162

Posted: Dec. 27, 2013 - 10:27 AM ET #284

use=lose

EricLinny

Captain

Joined: Mar, 2009

Posts: 5068

Posted: Dec. 29, 2013 - 8:01 PM ET #285

Quote Originally Posted by MLBguru:

I have faith in digital currency, but we aren't there yet.

There are only 33 million bitcoins, 84 million litecoin, and 330 million Feathercoins.

People have stopped mining for bitcoin because it requires high-end mining capabilities, and because each successive time the coin is used, it becomes longer and slightly more difficult to mine.

After a certain point, the mining isn't rewarded with bitcoins anymore.

So eventually, the system is meant to crap out. That's why you're seeing these bigger and more improved copycats.

You make some decent points and arguments; but lose almost all your credibility based on this statement alone...

EricLinny

Captain

Joined: Mar, 2009

Posts: 5068

Posted: Dec. 29, 2013 - 8:02 PM ET #286

Quote Originally Posted by MLBguru:

You can make money off mining litecoin, if you're willing to go out and buy the hardware. The difficulty is still 'low' in comparison with bitcoins.

Unless you have access to unlimited electricity, good luck with that venture

EricLinny

Captain

Joined: Mar, 2009

Posts: 5068

Posted: Dec. 29, 2013 - 8:02 PM ET #287

Quote Originally Posted by Denverb:

Listen this guy and you be broke as hell.
There are not ever going to be that many BTC. Do some reading before you post this horse$hit.

Thank you for saving me the time to correct him

EricLinny

Captain

Joined: Mar, 2009

Posts: 5068

Posted: Dec. 29, 2013 - 8:04 PM ET #288

Quote Originally Posted by Denverb:

Not to sound like MLBguru but for the guys who think BTC is a commodity take a look at something designed to be a currency.
If you want to take a chance there is a pre-buy coming up at .10 per coin. It is not designed to have huge price jumps in either direction.
For full disclosure I am going to buy in on this. I am not touting it as a home run do not invest more than you can use.
So far the three I have invested in have brought in more then I could have imagined and I am at a hold forever stage now.
This will also be a hold for a long time type thing.

"eMunie"

Is this the next doge? What exchange do you use?

lbcake

Hall of Fame

Joined: May, 2005

Posts: 27074

Posted: Jan. 24, 2014 - 7:49 PM ET #289

And Bob's your uncle.

https://business.financialpost.com/2014/01/24/bitcoin-is-an-amazing-example-of-a-bubble-robert-shiller/

Huss

Prospect

Joined: Dec, 2006

Posts: 249

Posted: Jan. 27, 2014 - 2:07 PM ET #290

CEO of bitcoin exchange arrested on money laundering today

roastedpeanuts

Rookie

Joined: Nov, 2013

Posts: 632

Posted: Jan. 27, 2014 - 6:22 PM ET #291

EMUNIE

Kurshka

MVP

Joined: Oct, 2008

Posts: 19156

Posted: Feb. 27, 2014 - 7:41 PM ET #292

Read that this dream is over. Everybody bailing.

ClubDirt

Hall of Fame

Joined: May, 2003

Posts: 28196

Posted: Mar. 7, 2014 - 3:00 PM ET #293

prediction: this will be vanzack's new avatar when he comes back (possibly actually vanzack rather than that nunchucks guy)

https://l.yimg.com/bt/api/res/1.2/Ma2j0lf8V4plRXMa0o8IUg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTQyMTtweG9mZj01MDtweW9mZj0wO3E9NzU7dz03NDk-/https://media.zenfs.com/en_us/News/ap_webfeeds/0898ecab4b6fb8094d0f6a706700da0e.jpg

vanzack

Legend

Joined: Nov, 2001

Posts: 60107

Posted: Mar. 7, 2014 - 3:06 PM ET #294

Quote Originally Posted by ClubDirt:

prediction: this will be vanzack's new avatar when he comes back (possibly actually vanzack rather than that nunchucks guy)

https://l.yimg.com/bt/api/res/1.2/Ma2j0lf8V4plRXMa0o8IUg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTQyMTtweG9mZj01MDtweW9mZj0wO3E9NzU7dz03NDk-/https://media.zenfs.com/en_us/News/ap_webfeeds/0898ecab4b6fb8094d0f6a706700da0e.jpg

HA!

I read the newsweek article. Very interesting. It takes guys like this to do this kind of stuff I guess.

While I am proud of my 3 bitcoins, this guy dwarfs everyone.

Support your local animal shelter. I am on twitter.

Rush51

Captain

Joined: Jan, 2005

Posts: 8840

Posted: Mar. 7, 2014 - 11:42 PM ET #295

I don't know what to make of the whole bitcoin. It is not a currency, but rather some piece of paper that gyrates like a dotcom stock of yesteryear.

What puzzles me is not the fools that invest in this virtual currency, but those merchants that accept this as some form of payment. They gamble right along you folks that buy the currency to begin with.

When the merchants reject this ... you holders of bitcoin will be holders of bits of data and nothing else .

Barnstorm

Veteran

Joined: Aug, 2006

Posts: 4719

Posted: Apr. 24, 2014 - 12:15 PM ET #296

BTC Sportsbook:

https://nitrogensports.eu/

Instant Deposits and Withdrawals using your BTC Wallet like Coinbase. https://coinbase.com

Barnstorm

Veteran

Joined: Aug, 2006

Posts: 4719

Posted: Apr. 24, 2014 - 12:16 PM ET #297

BTC has been pretty stable at around $450 to $500 lately.

warcameagle56

Captain

Joined: Dec, 2011

Posts: 5418

Posted: May. 1, 2014 - 6:23 PM ET #298

Doesn't seem too wise to use biticoins anymore does it?

Barnstorm

Veteran

Joined: Aug, 2006

Posts: 4719

Posted: May. 1, 2014 - 7:26 PM ET #299

Sure it's okay and you can move in and out with a click.

You can bet with BitCoin at a cool new Sportsbook here:https://nitrogensports.eu/r/31761

You can buy your BitCoin or fraction of a BitCoin here: https://tinyurl.com/p2cmu8v

The cool thing is that you can transfer your funds for free whenever you want with one click! From the SportsBook back to CoinBase and even back to your bank account.

cutebrute

Veteran

Joined: Jun, 2002

Posts: 4128

Posted: Sep. 13, 2014 - 1:21 AM ET #300

Any updates on Bitcoins and gaming world?

Prices of bit coins seem to have stabilized and bit coins definitely are gaining main stream. I live in a town of 65k and recently there is a company that put in a bit coin atm at a retail store.

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