Bitcoin-based online gambling

[roguejuror]

FBI to auction off the Silk Road coins

http://arstechnica.com/tech-policy/...-auction-off-25-million-in-silk-road-bitcoin/

 

[Cougar Bait]

So how has this done since 1/31?

 

[plommer]

I'm finally setup with bitcoin - got a new wallet (armory), an account at cavirtex and am ready to rock and roll.


For small purchases we will use this: https://quickbt.com/ca/index.php

 

[roguejuror]

a ceo of a major exhange got arrested for money laundering
a major retailer got hacked to the tune of 2.6 million usd
2 major exchanges halted withdrawals because of a malfunction in the core of the software


omg

 

[Cougar Bait]

So not good.

 

[plommer]

So not good.

I'd say it's a blip in the radar.

I've been reading and following bitcoin for a while now and I'm pretty much convinced it will be around for a long time.

Maybe not under the name of bitcoin, perhaps a competitor or a replacement using the same principles.

Right now the biggest threat to users seems to be having their bitcoins stolen or confiscated.

Look at the FBI, they will be cashing in their seized bitcoins, not destroying them.

If you are looking at bitcoin as an investment you may be in for a rough ride or you could become rich but it will be around as a digital pseudo-currency for a long time (IMO wally).

 

[Matty]

The price is unbelievably stable despite the chaos.

 

[fiveteamer]

before there was google there was altavista

before there was facebook there was myspace

before there was firefox there was netscape

before there was _____ there was bitcoin

 

[Matty]

paypal has to be paying close attention

i think there will be a dominant, global virtual currency at some point

 

[fiveteamer]

The answer is dogecoin. Before there was dogecoin, there was bitcoin.

 

[roguejuror]

paypal has been freezing vendor money with anything bitcoin

 

[plommer]

paypal has been freezing vendor money with anything bitcoin

paypal are a bunch of fucking thieves. They cannot be trusted, consumers have no protection vs paypal.

The price is unbelievably stable despite the chaos.

I think bitcoin stability will continue. Early adopters were rewarded with hugh gains, once it's widely accepted and stable there shouldn't be much fluctuation in price.

I wouldn't look at bitcoin as an investment, it's just a tool.

 

[Matty]

[TWEET]435273030927802368[/TWEET]

 

[roguejuror]

mtgox is officially dead.

 

[seanwilliam1988]

Ive seen a lot of bitcoin-based online gambling sites emerging. I guess this is all because of the great advantages that bitcoin can offer for gambling sites like fast transaction, anonymity and risk-free.

 

[Matty]

WELL SAID SIR

 

[plommer]

I’ve seen a lot of bitcoin-based online gambling sites emerging. I guess this is all because of the great advantages that bitcoin can offer for gambling sites like fast transaction, anonymity and risk-free.

And being able to steal your bitcoins without any repercussion.

 

[PuckOff]

are you rockin and rollin, Plommer?