The Rise and Fall of -----> Bitcoin <-----

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  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #1
    The Rise and Fall of -----> Bitcoin <-----
    Long long article...

    The Rise and Fall of Bitcoin
    November 23, 2011


  • fizzwont
    SBR Hustler
    • 07-03-11
    • 55

    #2
    why are you posting a 6 month old article? Bitcoin has survived and is thriving.

    The hacks and problems described in the article were not with bitcoin the protocol itself, but exchanges and other user problems.

    Open your eyes...bitcoin is a very viable way to bet sports without the money transfer nightmare. Sure, getting them is hard (actually, it's much easier now than last year - you can deposit cash in any major bank and get them in an hour via bitinstant.com) but using them, so easy, and not subject to any central authority be it company or govt.

    See the other bitcoin threads and you will see it is being used, and works.
    Comment
    • Sam Odom
      SBR Aristocracy
      • 10-30-05
      • 58063

      #3
      Originally posted by fizzwont

      Open your eyes...

      One way to have one's eyes open is to have ALL available Info
      Comment
      • yellowman
        SBR High Roller
        • 03-23-09
        • 168

        #4
        I took the bitcoin plunge last week, gotta say I am pissed I didn't do it earlier. It is so very easy to do and moving money around feels like the old Neteller days - pretty sweet when you can transfer btc directly from book to book instantly. And if you are worried about btc's price the answer is pretty simple, just convert your btcs to cash periodically, only keep an amount of btcs in your book(s) that you feel comfortable - transferring is so simple, easy and low cost (mostly NO cost) that you can actually be defensive if you choose to be. Only problem is that there aren't too many btc sportsbooks out there, but I'd keep an eye on btcsportsmatch ... their no-vig pinnacle lines can't be beat. People bitch and moan about not having options, especially as Americans - well here's one you should at least do some homework on.
        Comment
        • FreeFall
          SBR MVP
          • 02-20-08
          • 3365

          #5
          SBR please remove this ******* thread. I'll be throughly pissed if this stays front page but you won't let me tyupe out WESTER UNION OR GRAM MONEY
          Congradulations idiots for trying to ruin what works.
          Comment
          • Sam Odom
            SBR Aristocracy
            • 10-30-05
            • 58063

            #6
            getting BTC from the beginning into one's acct (newbie) is so arduous
            Comment
            • fizzwont
              SBR Hustler
              • 07-03-11
              • 55

              #7
              Originally posted by Sam Odom
              getting BTC from the beginning into one's acct (newbie) is so arduous
              Try bitinstant.com - you can deposit cash into any major bank (they will give you the details, you don't have to have an account there) and have bitcoin in about an hour.
              Comment
              • Sam Odom
                SBR Aristocracy
                • 10-30-05
                • 58063

                #8
                Originally posted by FreeFall

                Congradulations idiots for trying to ruin what works.

                god bless
                Comment
                • LordVodka
                  SBR Hall of Famer
                  • 08-17-09
                  • 5206

                  #9
                  Originally posted by fizzwont
                  why are you posting a 6 month old article? Bitcoin has survived and is thriving.

                  The hacks and problems described in the article were not with bitcoin the protocol itself, but exchanges and other user problems.

                  Open your eyes...bitcoin is a very viable way to bet sports without the money transfer nightmare. Sure, getting them is hard (actually, it's much easier now than last year - you can deposit cash in any major bank and get them in an hour via bitinstant.com) but using them, so easy, and not subject to any central authority be it company or govt.

                  See the other bitcoin threads and you will see it is being used, and works.
                  What book do you use? Btcsportsbet is the only one I've used. Not enough options for me.
                  Comment
                  • Sam Odom
                    SBR Aristocracy
                    • 10-30-05
                    • 58063

                    #10
                    Originally posted by fizzwont

                    Try bitinstant.com -


                    i will look into it

                    thanks
                    Comment
                    • yellowman
                      SBR High Roller
                      • 03-23-09
                      • 168

                      #11
                      Anonibet is a good btc book at well, full juice lines tho pretty much
                      Comment
                      • fizzwont
                        SBR Hustler
                        • 07-03-11
                        • 55

                        #12
                        Originally posted by LordVodka
                        What book do you use? Btcsportsbet is the only one I've used. Not enough options for me.
                        btcsportsbet and btcsportsmatch - sure, the options are limited but I don't bet props or anything crazy anyway, so I don't really notice what is missing. Plus they are the oldest and seem to have the most trust in the btc community.
                        Comment
                        • LordVodka
                          SBR Hall of Famer
                          • 08-17-09
                          • 5206

                          #13
                          Has anyone had good payout experiences from any of these book?
                          Comment
                          • hels
                            SBR Hall of Famer
                            • 04-12-09
                            • 8767

                            #14
                            This might be a good place to remind anyone you can browse the internet anonymously using the deepweb through TOR
                            Comment
                            • fizzwont
                              SBR Hustler
                              • 07-03-11
                              • 55

                              #15
                              Originally posted by LordVodka
                              Has anyone had good payout experiences from any of these book?
                              All payouts are automated, instant, and free in my experience - have taken hundreds of them from btcsportsbet and btcsportsmatch. You don't need to keep as much money with a book when you can deposit/withdrawal fast and often - it's another way to reduce risk. Just keep as much there as you need to bet, if you really love a side you can send more btc in, bet it 20 mins later, and get a payout right after the game.
                              Comment
                              • flyingillini
                                SBR Aristocracy
                                • 12-06-06
                                • 41219

                                #16
                                Bitcoin hit $5.17820 today, low was $4.97300, it will go up the next few days and then next month go back to around $4.4000 or so, there was major talk last week with major players from the TASA and NYSE about how much money there is to be made with Bitcoin and the manipulation of it...it's a crazy world right now with BTC, I have showed more profit with BTC than, my portfolio , properties and other investments in the last 12 months... Be very very very careful though if you are moving large amounts as well.. speaking from experience..
                                המוסד‎
                                המוסד למודיעין ולתפקידים מיוחדים‎
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                                • flyingillini
                                  SBR Aristocracy
                                  • 12-06-06
                                  • 41219

                                  #17
                                  Originally posted by hels
                                  This might be a good place to remind anyone you can browse the internet anonymously using the deepweb through TOR
                                  Just ask Adam how anonymous Tor is, sure he got sloppy by taking paypal and W U but Tor is still a work in progress and know a guy in Tel Aviv who got popped using Tor with certain sites...
                                  המוסד‎
                                  המוסד למודיעין ולתפקידים מיוחדים‎
                                  Comment
                                  • ZetaPsi808
                                    SBR Posting Legend
                                    • 09-18-08
                                    • 12119

                                    #18
                                    this bit coin stuff sounds interesting. I will have to research it further
                                    Comment
                                    • ACoochy
                                      SBR Posting Legend
                                      • 08-19-09
                                      • 13949

                                      #19
                                      Originally posted by ZetaPsi808
                                      this bit coin stuff sounds interesting. I will have to research it further
                                      Zet YES...

                                      Not having BTC and outs that accept BTC is the play of a square...
                                      Comment
                                      • Hareeba!
                                        BARRELED IN @ SBR!
                                        • 07-01-06
                                        • 37340

                                        #20
                                        Originally posted by ACoochy
                                        Zet YES...

                                        Not having BTC and outs that accept BTC is the play of a square...

                                        .... or a non-American
                                        Comment
                                        • elgreco
                                          SBR Wise Guy
                                          • 12-16-09
                                          • 988

                                          #21
                                          I posted a few general BTC links on this thread if any newbies are interested: http://forum.sbrforum.com/saloon/152...in-thread.html
                                          Comment
                                          • flyingillini
                                            SBR Aristocracy
                                            • 12-06-06
                                            • 41219

                                            #22
                                            $5.17820 right now...Love Bitcoin, it's the best thing since the Richie Cunningham Haircut Brock has!
                                            המוסד‎
                                            המוסד למודיעין ולתפקידים מיוחדים‎
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