1. 02-18-16 04:38 AM #1
    fitguy67
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    Please allow Betpoints to be bought & sold (=redeemed) via Bitcoins

    the convenience/coolness of having such convertibility speaks for itself...
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  2. 02-25-16 06:08 PM #2
    fitguy67
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    bump...could someone from SBR respond at least if it's something that has ever been (or might be) considered
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  3. 02-25-16 06:10 PM #3
    Birdman557
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    no.
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  4. 02-25-16 06:12 PM #4
    franklee168
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    Like poker stars fake chips?
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  5. 02-25-16 06:16 PM #5
    The Giant
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    I like this idea.

    Mods, look into it.
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  6. 02-25-16 07:11 PM #6
    fitguy67
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    Quote Originally Posted by Birdman557 View Post
    no.
    not as radical as it may seem...

    would merely replace (albeit with a much more widely available vehicle--specifically one that wouldn't exclude N.Americans) the former Skrill-ability of the points (used to be able to both buy points AND sell them back to sbr via Skrill)...

    one advantage that i hadn't originally thought of--but one that's likely to strike a chord with many in the points subforum--is that it would give an avenue to someone in large points-arrears (aka. a "stiff") a quick way to get square by allowing them to "monetize" the debt, by allowing them to use outside assets to acquire large numbers of points quickly (rather than rely on the normal mechanisms: daily points/trivia/gambling/further loans)...

    in the store someone could buy points with BTC's and have the option to specify that they be delivered to another sbr handle as a quick way to pay back debt
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  7. 02-25-16 07:15 PM #7
    Birdman557
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    BTC = scam, not sure why would you risk your money over there.
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  8. 02-25-16 07:29 PM #8
    fitguy67
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    holding a large $-amount of BTC over any significant length of time does expose someone to exchange-rate risk to be sure...

    BUT, using bitcoin strictly as a super-fast/ultra-cheap transaction-method (ie. exposing oneself only for a few hours) is a completely different thing...

    if you have an account at 5d or dsi, i suggest you look into setting things up to make your next deposit and withdrawal with them via the bitcoin route, so you'll have a real understanding of bitcoin-as-intermediary...I promise you, you will never want to eff around with other methods again...

    think of BTC as a payment method (but one that is so much faster and with a damn-near negligible transaction fee) and not a currency...
    Last edited by fitguy67; 02-25-16 at 07:32 PM.
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  9. 02-25-16 07:32 PM #9
    Birdman557
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    Quote Originally Posted by fitguy67 View Post
    holding a large $-amount of BTC over any significant length of time does expose someone to exchange-rate risk to be sure...

    BUT, using bitcoin strictly as a super-fast/ultra-cheap transaction-method (ie. exposing oneself only for a few hours) is a completely different thing...

    if you have an account at 5d or dsi, i suggest you look into setting things up to make your next deposit and withdrawal with them via the bitcoin route, so you'll have a real understanding of bitcoin-as-intermediary...I promise you, you will never want to eff around with person-to-person transfers to strange names in strange places ever again
    Will look in to it, thank you.
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  10. 02-25-16 08:22 PM #10
    bobbywaves
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    Quote Originally Posted by fitguy67 View Post
    one advantage that i hadn't originally thought of--but one that's likely to strike a chord with many in the points subforum--is that it would give an avenue to someone in large points-arrears (aka. a "stiff") a quick way to get square by allowing them to "monetize" the debt, by allowing them to use outside assets to acquire large numbers of points quickly (rather than rely on the normal mechanisms: daily points/trivia/gambling/further loans)

    in the store someone could buy points with BTC's and have the option to specify that they be delivered to another sbr handle as a quick way to pay back debt
    Make bitcoin happen SBR. Not only will it help your bottom line, rumor has it that stiff StudMLB wants to finally make good on the 17k he owes me.
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  11. 02-28-16 08:44 AM #11
    fitguy67
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    bump again...

    don't let this die, SBR-brass...

    the ticket to expand the action (& thus the rake) at your book&casino...
    and provide an easy way for many (perhaps unfairly-labelled) "stiffs" to clear their names

    put your OWN sportsbook on this list: http://www.sportsbookreview.com/bitcoin-sportsbooks/
    Last edited by fitguy67; 02-28-16 at 08:48 AM.
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  12. 03-02-16 11:29 AM #12
    fitguy67
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    bump, trying to get downsouth's support on this (see post #33)

    http://www.sportsbookreview.com/foru...l#post25378135
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  13. 03-02-16 11:47 AM #13
    downsouth
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    I wish they had it, would be great and probably not all that hard to get going. Bitcoin and sports gambling go hand in hand nowadays so why not.
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  14. 03-02-16 12:13 PM #14
    fitguy67
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    seems like one o'doze big-upside no-downside (cuz there'd be a small rake attached to each transaction) no-brainers...

    meaning it'll be a non-starter...but always open to be amazed if/when a "decision maker" (in any domain of management/governance--from a local bowling league up to the UN security council) actually stumbles onto and implements something intelligent

    if you have the ear and/or any pull with da'brass...and if this gets going in any way (i'd suspect as a "buy bitcoins" only facility at first)...i'd 'preciate it pal...
    Last edited by fitguy67; 03-02-16 at 12:26 PM.
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  15. 03-08-16 10:59 AM #15
    fitguy67
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    bump
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  16. 03-08-16 07:30 PM #16
    Triple_D_Bet
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    Quote Originally Posted by fitguy67 View Post
    seems like one o'doze big-upside no-downside (cuz there'd be a small rake attached to each transaction) no-brainers...

    meaning it'll be a non-starter...but always open to be amazed if/when a "decision maker" (in any domain of management/governance--from a local bowling league up to the UN security council) actually stumbles onto and implements something intelligent

    if you have the ear and/or any pull with da'brass...and if this gets going in any way (i'd suspect as a "buy bitcoins" only facility at first)...i'd 'preciate it pal...
    One massive downside: the US Treasury has announced it considers bitcoin currency. Giving US members a way to turn money into points and then bet those points would make SBR a casino/sportsbook in the US' eyes, which brings a whole mess of legal risk and a federal case might be more than SBR could afford to defend against. I suspect if the US ever pulls its head out of its ass and removes restrictions on gambling, SBR will implement money-to-points in a heartbeat.
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  17. 03-08-16 09:26 PM #17
    oChRoNiCo
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    Quote Originally Posted by Birdman557 View Post
    no.
    Don't worry fitguy Birdman557 is just mad at the world because his main account LeetReaper got banned!
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  18. 03-08-16 09:27 PM #18
    oChRoNiCo
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    Quote Originally Posted by Birdman557 View Post
    BTC = scam, not sure why would you risk your money over there.
    Not sure why you're still here @LeetReaper!
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  19. 03-08-16 09:28 PM #19
    oChRoNiCo
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    Quote Originally Posted by Birdman557 View Post
    Will look in to it, thank you.
    There is no reason for you to look into this you piss away all your money before you ever think about cashing out LeetReaper we all know this!
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  20. 03-10-16 10:35 AM #20
    fitguy67
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    "you can say that again"...

    Quote Originally Posted by Triple_D_Bet View Post
    One massive downside: the US Treasury has announced it considers bitcoin currency. Giving US members a way to turn money into points and then bet those points would make SBR a casino/sportsbook in the US' eyes, which brings a whole mess of legal risk and a federal case might be more than SBR could afford to defend against. I suspect if the US ever pulls its head out of its ass and removes restrictions on gambling, SBR will implement money-to-points in a heartbeat.
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