Bitcoins and Roulette are one of the most interesting news I've read this past few days. The idea of Bitcoins are really interesting because of their cryptographic features: You are not obliged to pay tax, whatever status you have in this world you are assured that your profile is anonymous. And the fact that you can be a MILLIONAIRE! sounds to be a scam but the truth is you can. And lastly BITCOINS are not scam.
So I was wondering if anyone out there knew this? And If they are starting to implement bitcoins and roulette.
Let me know I'm interested to know your story :smile:
I know little about them, but I have read that they may be the answer to the U.S. ban on gambling.
You browse the dark side of the internet or web using the browser TOR.
WIth you ordinary internet explore or firefox you can not see the dark side of the internet, its hidden.
This hidden world use .onion for there sites.
And in that world they use bitcoins as you mention above.
But does you will not trade for real money or buy food or clothing and other things.
Bitcoins you trade within the hidden network.
Some say its a pyramid game where the bottom layer lose and the top layer win.
That is what i know about bitcoins.
So i don't see why some one would play roulette using bitcoins.
Nothing beats real money.
Quote from: TwoCatSam on Jul 04, 09:59 PM 2013
I know little about them, but I have read that they may be the answer to the U.S. ban on gambling.
It's already answered Sam,
Live roulette. Anonymous, no registration, no ID verification,
instant withdrawal.
Please check: link:://betselection.cc/online-casinos/bitcoin-casino-with-live-roulette/
link:://:.good.is/posts/why-bitcoin-is-a-scam
All
If I lived in Europe, exactly why would I need Bitcoin?
When real and honest gambling comes to the U.S. in November, why would Sam need Bitcoin? If I'm playing at Harrah's, on line, and it's sanctioned and regulated by the state of Nevada, why do I need Bitcoin? Except to avoid taxes, maybe? You gotta win to worry about that!!
Sam
Quote from: TwoCatSam on Jul 05, 10:07 AM 2013
You gotta win to worry about that!!
This caught my eye! Quote of the day :)
Bitcoin is dangerous. It has no physical value. Never put money in it you arent prepared to lose.
But it is no different to normal currency. There is only perceived value, not real value.
I have to agree, that it does look kinda weird! ???
@TwoCatSam I know that most of the bitcoins casino doesn't allow US player, and yes aside from taxes, there is also no third party seizure government can't freeze your wealth, peer to peer transaction and some Business uses bitcoins as their mode of payments.
@Steve Bitoins is not a real money most likely it is a virtual tokens alternative to dollars and euros and can be used in exchanging goods and services but should note that this only works for establishment that allows bitcoins
for some reason upon reading some interesting news about bitcoins I think they are not that bad at all
Jayden i know what Bitcoins are, and they are essentially the same thing as "money" today. The only difference is "money" is also in "paper" form. Both bitcoin and "money" are essentially worthless. Neither are backed by anything real. Not even money is backed by gold anymore. Youtube "money as debt" and there are many good videos that explain modern money.
The only thing that gives bitcoin and money value is PERCEIVED AND ACCEPTED VALUE. I believe this is likely to change soon because you cant eat money or bitcoin.
Yeah your right Steve I guess I should use my bitcoins into gambling since it's not a real money that I can use in most of the establishment LOL :xd:
Money is real as long people trust the value, otherwise it is not any difference. All money are produced cheap, and the value is there just by trust.
In the modern world the money are staying inside the banks all the time, which make it possible for the banks to issue even more by lending.
Financial crashes will allways come, in a world with limits, if the lending not has limits.
Today it is not any difference between a casino and a the financial sector. If any it is the gambling is more regulated.
Money was supposed to represent gold. But it doesnt anymore. Most of it literally represents debt because money is created from debt itself.
I believe a major finance crash will happen soon, and having money in your account wont count for much. You need real tangible wealth like land. Most people head to gold, but it is a metal with useful properties. You cant eat it. Land will always be the safest investment and asset.
Good thoughts jaydenM. I strongly agree with you. BITCOINS are not scam so is online casino portals. What makes it more interesting is the instant tax-free payout offers. For instance, in BetCoinâ,,¢ Bitcoin Entertainment Network, you can instantly become a millionaire on a single $15 bet. Such casinos save so much money in transaction processing fees.
You must be a little behind with the trend. Actually, there are already gambling sites that integrate bitcoin into their roulette game. One of the best examples is the Betcoinâ,,¢ Circle.
Seanwilliam,
Hey! Weren't you already banned at several forums because of your continued spamming about BetCoins/BitCoins/Casino stuff?
Would you happen to have anything substantial to offer the forum or is BetCoin your best shot?
AD
What's the latest with BitCoins ? I read something the other day were a BC bank was hacked & all their BC funds were drained & so the BC bank was bust.
Also a senior exec. topped herself over it ?
Yesterday I noticed a pop up ad for BitCoin trading & they showed a BC value of around $667USD. Long term will BC's endure ? They only seem to have thin air to back them ? Where does the BC value come from ?
My understanding is if you have your wallet with another company, that company could screw up and leave your wallet exposed. But you are safe is you have everything on your pc, provided it isnt hacked. Or even safer is to have a paper wallet where everything is offline.
I just started using bitcoin and overall considering the state of the global finances, it is no less secure than other currency.
Quote from: Steve on Mar 07, 12:27 AM 2014
I just started using bitcoin and overall considering the state of the global finances, it is no less secure than other currency.
Really ?
link:://bitcoincharts.com/charts/bitstampUSD#rg360ztgTzm1g10zm2g25zv (link:://bitcoincharts.com/charts/bitstampUSD#rg360ztgTzm1g10zm2g25zv)
In my opinion, I am not favorable of trying bitcoins because its amount is really, really far away from the physical dollars. Aside from that, no one can tell the assurance of claiming the money in USD. Another factor was the chances of stealing your account information as well as bank information by other anonymous people.
I would have to agree with Steve's assessment of money theory. The problem i see with bitcoin is not the scam issue (it is not), but that ppl have been using it for speculation. It was not intended for this. The speculation makes it unstable at the moment.
One option would be to convert your winnings ASAP into an official currency. Another is to use a less volatile cryptocurrency (litecoin or dogecoin). Then again, as more and more goods or services are offered in cryptocurrencies you would not need to convert it to official currency... at least that is the intention.
Another thing about securities: i would not trust someone else to hold my wallet with totally anonymous currency. Just manage it yourself and be security conscious.
Beware that there is already malware and stuff that specifically targets bank and cryptocurrency data. Then again, i run a clean linux distro and if i need more security, i could run a disk based linux distro with a dedicate USB drive to hold my wallet info.
Still i am curious to try it out... i heard that Satoshibet.com and Betcoin.tm are good.
Colbster tried it out with some success it seems:
link:://:.rouletteforum.cc/index.php?topic=13830.msg118956#msg118956 (link:://:.rouletteforum.cc/index.php?topic=13830.msg118956#msg118956)
Anyone have experience with this? Could we share outcomes
I would have to agree with Steve's assessment of money theory. The problem i see with bitcoin is not the scam issue (it is not), but that ppl have been using it for speculation. It was not intended for this. The speculation makes it unstable at the moment.
One option would be to convert your winnings ASAP into an official currency. Another is to use a less volatile cryptocurrency (litecoin or dogecoin). Then again, as more and more goods or services are offered in cryptocurrencies you would not need to convert it to official currency... at least that is the intention.
Another thing about securities: i would not trust someone else to hold my wallet with totally anonymous currency. Just manage it yourself and be security conscious.
Beware that there is already malware and stuff that specifically targets bank and cryptocurrency data. Then again, i run a clean linux distro and if i need more security, i could run a disk based linux distro with a dedicate USB drive to hold my wallet info.
Still i am curious to try it out... i heard that Satoshibet.com and Betcoin.tm are good.
Colbster tried it out with some success it seems:
link:://:.rouletteforum.cc/index.php?topic=13830.msg118956#msg118956 (link:://:.rouletteforum.cc/index.php?topic=13830.msg118956#msg118956)
Anyone have experience with this? Could we share outcomes in the Real Roulette Spins section ?
Cheers....