And ya, it's a perfect solution for internet poker. Who knows why all sites do not do it. It's a new thing therefore it takes time. If you're Merge and most of your money is on USD bank accts the govt isn't doing anything about, I guess maybe let a sleeping dog lie.
It likely makes the most sense for newer sites like Seals who're entirely BTC (so therefore the government can't possibly seize their money, other than hacking just like any criminal would do it) and Infiniti which is I guess largely BTC and has nothing to lose. In 10 years, I'd guess BTC will be the norm.
It's less important if/when they regulate "legal" online poker, but even then it's cheaper to transfer bitcoins around than dollars, and competing for any US license will be expensive and Longchamp Australia Price
probably limited to friends of the government. So BTC poker sites will just put out a much better product than what the regulated USD sites can perform.
Playing for "chips" Celine Stockists Australia
is just like playing for cash and causes it to be much easier to label what Mont Blanc Pens Perth
the buyins are suitable for sng's, mtts, and ring game stakes Adidas Jeremy Scott Instinct Uk
since the dollar value of BTC fluctuates through the second.
US dollars > Bitcoin: 3.99% vig using Bitinstant
Bitcoin > US dollars: 1% vig using Coinbase
If you understand what Bitcoin is and just what its advantages and properties are, then transfer rates are the opposite of scary. Damn right inviting, imho. If using MG or WU is a pain or too hard for many people to use then, well. I don't know what to tell you. Those people can just wait for someone to come up with something easier than MG or WU that even a low IQ person can handle, idk. Supra Justin Bieber Purple Shoes
As someone mentioned previously, individuals have to use WU anyway to get their money on sites.
I think the scary part for many people is trusting this Bitcoin decentralized, cryptocurrency thing, a smaller amount learning what it even is.
Fee for exchanging USD to bitcoins isn't much. I'm confident this is cheaper than transferring dollars, through bank wire, mailing a cheque, WU, etc.
Not everyone who plays will be converting in and out of dollars. Some people will just regard bitcoins as their native currency, and even the people who don't might once in a while see something they need on Silk Road or whatever. (And if bitcoins were commonly used in internet poker, more people would accept bitcoins for things that poker players tend to buy.) Therefore it is an advantage that these situations exist where the customer requires no transaction cost.
At the end of the day if it's less spent per capita on transaction processing, it's better. No matter if the costs are experienced directly by the customer or not. Maybe you're used to USD sites covering your cost when you Discount Moncler Jackets Women
deposit or withdraw, but that doesn't mean Vibram Five Fingers Review
that the cost doesn't exist, it simply gets distributed into the overall product they're able to provide. online gambling market imploded. Player accounts were Air Jordan 6 Uk
frozen, leaving a large number of Americans without access to their. "It was like a bomb discontinued," Hajduk says. players were uprooting their own families and moving to Malta. Crazy stuff was happening."
Hajduk, Replica Christian Louboutin China
though, was barely fazed. Calgarybased Infiniti Poker, like several other new online gambling sites, intends to accept Bitcoin when it launches later this month. laws that prevent businesses from knowingly accepting money transfers for Internet gambling purposes. banksit's all peertopeer," Hajduk says. can play only using Bitcoins. law but to lessen the time it takes to cash players out. Bank transactions may take up to 12 weeks; players who use Bitcoin can get a payout in a matter of hours, Woolrich Montreal