Why bitcoin is good for the industry and why YOU should push it to your bookie!

[Couchpotatoqb]

Back on the board after a few years off, If you believe in bitcoin, go for it, but when it gets outlawed which is right around the corner and your money goes to $0, do not say you were warned. If they can do it to the Russian currency like they did 16-17 years ago, then bitcoin does not stand a chance. Covering the 20-30% swings will kill your profit line.

[bookie]

There is no talk of outlawing Bitcoin. None. Anywhere.

[stevenash]

There is no talk of outlawing Bitcoin. None. Anywhere.

You sir, are an idiot

http://www.reuters.com/article/2014/05/20/us-usa-crime-bitcoin-idUSBREA4J01P20140520

[brainfreeze]

Bitcoin is just to sketchy, doubt federal reserve wants competition. I just don't see it gaining any real ground.

[jjgold]

I wonder why Costa Rican books like five times don't offer it?

Do books make money on deposit and withdrawal fees

[bookie]

You sir, are an idiot


http://www.reuters.com/article/2014/...A4J01P20140520

If you equate closing some exchanges that may have broken the law with outlawing Bitcoin as a financial instrument you're living in absurdly gross distinctions and are being willfully clueless.

[elgreco]

You sir, are an idiot


http://www.reuters.com/article/2014/...A4J01P20140520

If you equate closing some exchanges that may have broken the law with outlawing Bitcoin as a financial instrument you're living in absurdly gross distinctions and are being willfully clueless.

Yea, it's pretty clear who the idiot is.

http://techcrunch.com/2014/06/13/boom-goes-the-bitcoin/

"What’s most interesting, however, is that the U.S. Marshals are now directly involved in bitcoin transactions. When governments begin using new tools, these tools become precedent, and these precedents become commonplace."

For recreational bettors looking to take a stab at it, here is a map of some Bitcoin ATMs.

http://www.coindesk.com/bitcoin-atm-map/

[elgreco]

How's this for a reload option:

http://codinginmysleep.com/gogo-coin-a-bitcoin-gift-card/

[wacked]

Crypto currencies are not going anywhere, it's just beginning and is getting the major attention of VCs and Wall Street is next. Investments in Bitcoin and the infrastructure are growing at unprecedented amounts. Companies like Overstock, NewEgg, Expedia, Gyft, Virgin Atlantic, Porn.com, Dish Network, eGifter, Sacramento Kings, Over 30,000 companies accept it through BitPay -> bitpay.com/directory and thousands more through CoinBase.Com - A large VC was the one who purchased the almost 30k of BTCs that the US Marshall service sold in the recent Silk Road auction.

As with anything new, there will always be issues raised, fraud involved etc, but the amount of US Cash that is used to do illegal activities dwarfs anything that Bitcoin is involved with. This is all new territory, so plan for some major highs and lows.

I like to tell people to think of Bitcoin as Facebook 3-4 years before it went public. So basically Bitcoin is a private company right now that is going through some major growing pains and good and bad publicity. The price should continue to rise over the next few years and by the looks of it and the investments that are being made along with some major hires in the industry of ex Google, Yahoo, Ebay, Paypal, VlSA employees and so forth, this is the next new big thing. It's 'protocol', so it can be modified and tweaked to continue to grow and branch itself out into all sorts of things.

[SportsMushroom]

You missed the point of my post. If Bitcoin became widely used and bettors who now must risk their bankroll only had to deposit the amount of their bets the gambling economy would boom and you would benefit from a deeper and more varied market.

basically hareeba is a know it all and he will keep dismissing your points of view until you give up or adopt his own, so dont pay attention to him

[Hareeba!]

basically hareeba is a know it all and he will keep dismissing your points of view until you give up or adopt his own, so dont pay attention to him

I wasn't dismissing anyone's point of view.
All I said was that I don't have any problem which Bitcoin is capable of solving.
It's Americans who have the problem. Most of the rest of us are free to bet with bookmakers online with conventional currency.

[sickler]

Crypto currencies are not going anywhere, it's just beginning and is getting the major attention of VCs and Wall Street is next. Investments in Bitcoin and the infrastructure are growing at unprecedented amounts. Companies like Overstock, NewEgg, Expedia, Gyft, Virgin Atlantic, Porn.com, Dish Network, eGifter, Sacramento Kings, Over 30,000 companies accept it through BitPay -> bitpay.com/directory and thousands more through CoinBase.Com - A large VC was the one who purchased the almost 30k of BTCs that the US Marshall service sold in the recent Silk Road auction.

As with anything new, there will always be issues raised, fraud involved etc, but the amount of US Cash that is used to do illegal activities dwarfs anything that Bitcoin is involved with. This is all new territory, so plan for some major highs and lows.

I like to tell people to think of Bitcoin as Facebook 3-4 years before it went public. So basically Bitcoin is a private company right now that is going through some major growing pains and good and bad publicity. The price should continue to rise over the next few years and by the looks of it and the investments that are being made along with some major hires in the industry of ex Google, Yahoo, Ebay, Paypal, VlSA employees and so forth, this is the next new big thing. It's 'protocol', so it can be modified and tweaked to continue to grow and branch itself out into all sorts of things.

I hope you aren't being literal with this comment. Bitcoin is a decentralized network with open source client software. "Private company" screams centralization.

I'm a bitcoiner, believing in the long term progressive success. Vires in Numeris!!

[wacked]

I hope you aren't being literal with this comment. Bitcoin is a decentralized network with open source client software. "Private company" screams centralization.

I'm a bitcoiner, believing in the long term progressive success. Vires in Numeris!!

I was comparing Bitcoin to a "company" like Facebook, and showing at what stage it would be if it was a private company. It was an analogy, and if you see what I wrote, you should see that I believe it is here to stay and prosper.

[sickler]

I was comparing Bitcoin to a "company" like Facebook, and showing at what stage it would be if it was a private company. It was an analogy, and if you see what I wrote, you should see that I believe it is here to stay and prosper.

Yeah figured it was an analogy but people who don't know Bitcoin might get the wrong idea. Bitcoin is unlike anything we've seen. Just have to protect against the centralization of mining. GHASH had over 50% of the hashing power a couple weeks ago. Not good.

[Optional]

Yeah figured it was an analogy but people who don't know Bitcoin might get the wrong idea. Bitcoin is unlike anything we've seen. Just have to protect against the centralization of mining. GHASH had over 50% of the hashing power a couple weeks ago. Not good.

Is there any sort of decentralized hashing project?

Like SETI where a bunch of peoples PCs do the work in the background.

[LordVodka]

Where is the best site to buy bitcoin from?

[byronbb]

I wonder why Costa Rican books like five times don't offer it?

Do books make money on deposit and withdrawal fees

Because CS books love the slow assed payment processors because it keeps the muppets money in their book. Bitcoin: in before MNF, out right after.

[byronbb]

Where is the best site to buy bitcoin from?

Coinbase.

[mg63]

Why bitcoin is good for the industry and why YOU should push it to your bookie!

yeah, u were right

[LT Profits]

[/FONT][/COLOR][/h]yeah, u were right

Two years ahead of his time!