SBR JOHN cashout points to bitcoins?

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  • boondoggle
    SBR MVP
    • 09-29-10
    • 3014

    #1
    SBR JOHN cashout points to bitcoins?
    Can we cashout our points into bitcoins

    I want to cashout 12.5k into bitcoin...can we do this?

    Thanks!
  • ACoochy
    SBR Posting Legend
    • 08-19-09
    • 13949

    #2
    +1

    Walker, get onto that QR code...
    Comment
    • Deuce
      BARRELED IN @ SBR!
      • 01-12-08
      • 29843

      #3
      Well isn't "technically" illegal. Fair point. (No pun)
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388208

        #4
        Deuce your a failed overweight law school drop out. Mr Walker can do whatever he wants and I think a very clever idea.
        Comment
        • minet123
          SBR Posting Legend
          • 02-17-07
          • 10280

          #5
          +2
          Comment
          • Domestic
            SBR Hall of Famer
            • 02-10-09
            • 6323

            #6
            Good idea
            Comment
            • boondoggle
              SBR MVP
              • 09-29-10
              • 3014

              #7
              John......whats it gonna be
              Comment
              • Chipup
                SBR MVP
                • 07-24-13
                • 1435

                #8
                sounds great. John it would help build the investment sub forum. Speculation is speculation after all and bitcoin is the most interesting ponzi scheme ever.
                Comment
                • thechaoz
                  SBR Posting Legend
                  • 10-23-09
                  • 12154

                  #9
                  That's actually a great idea because the money can grow and become real. Obviously needs to be a minimum etc
                  Comment
                  • katstale
                    SBR MVP
                    • 02-07-07
                    • 3924

                    #10
                    Would love to be able to buy ANYTHING. This would be preferable to giving them away and/or losing them in the casino. Be a broker John?!
                    Comment
                    • southmadejd
                      SBR MVP
                      • 08-27-09
                      • 1059

                      #11
                      I don't know about the bitcoins stuff guys. Didn't some bitcoin bank just get hacked and had about 895 of them stolen??
                      Comment
                      • katstale
                        SBR MVP
                        • 02-07-07
                        • 3924

                        #12
                        better risk than the casino..... just sayin
                        Comment
                        • Triple_D_Bet
                          SBR Hall of Famer
                          • 12-12-11
                          • 7626

                          #13
                          +1 for this...although there might be logistic problems. For example, if a 2,000 point store item is added for bitcoins, the amount of bitcoins it purchases would have to be tied to a firm currency (USD, EUR, etc) so SBR can budget accordingly (and if the price is tied to a certain dollar amount, there's probably a strong legal argument that it's the same as giving out cash). Either that or SBR would have to invest in a certain number of bitcoins and offer fixed points/bitcoins ratio...which risks a run on the store if bitcoin has a good day. Definitely doable in one way or another I'd imagine (gift certificate to a place that allows you to transact in bitcoins maybe?), and tying points to an easier-to-exchange medium might even be a significant boost for the pro program and the poker volume.
                          Comment
                          • aceking
                            SBR MVP
                            • 09-07-05
                            • 4782

                            #14
                            sounds good .
                            Comment
                            • manny24
                              SBR Posting Legend
                              • 10-22-07
                              • 20174

                              #15
                              can we cash out to unicorn antler spray?
                              Comment
                              • Russian Rocket
                                SBR Aristocracy
                                • 09-02-12
                                • 43910

                                #16
                                Originally posted by manny24
                                can we cash out to unicorn antler spray?
                                Comment
                                • Kindred
                                  SBR MVP
                                  • 09-09-08
                                  • 2903

                                  #17
                                  This is the year of Litecoin..Asic miners are going to drive the price up just like it did to BTC last year.
                                  Points to any crypto currency would be a great idea..even my pot dealer started taking BTC
                                  Comment
                                  • sickler
                                    SBR Posting Legend
                                    • 06-05-08
                                    • 15006

                                    #18
                                    Now is not the time to dump BTC at market value.

                                    Comment
                                    • TwoWays
                                      SBR Posting Legend
                                      • 03-24-10
                                      • 13145

                                      #19
                                      john will only allow you to exchange bet points for sbr hats and t-shirts, sorry.
                                      Comment
                                      • sickler
                                        SBR Posting Legend
                                        • 06-05-08
                                        • 15006

                                        #20
                                        Originally posted by Kindred
                                        This is the year of Litecoin..Asic miners are going to drive the price up just like it did to BTC last year.
                                        Points to any crypto currency would be a great idea..even my pot dealer started taking BTC
                                        Any? The proliferation of alt cryptos is a joke: http://coinmarketcap.com/all.html
                                        Comment
                                        • Phanteezy
                                          SBR High Roller
                                          • 09-28-13
                                          • 156

                                          #21
                                          Originally posted by Triple_D_Bet
                                          +1 for this...although there might be logistic problems. For example, if a 2,000 point store item is added for bitcoins, the amount of bitcoins it purchases would have to be tied to a firm currency (USD, EUR, etc) so SBR can budget accordingly (and if the price is tied to a certain dollar amount, there's probably a strong legal argument that it's the same as giving out cash). Either that or SBR would have to invest in a certain number of bitcoins and offer fixed points/bitcoins ratio...which risks a run on the store if bitcoin has a good day. Definitely doable in one way or another I'd imagine (gift certificate to a place that allows you to transact in bitcoins maybe?), and tying points to an easier-to-exchange medium might even be a significant boost for the pro program and the poker volume.

                                          Of course they would do this it would be completely idiotic not to..
                                          Comment
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