Thank you!

Not sure where to go on here looking to get just $200 worth of Bitcoin on my blockchain to deposit on a site. Used circle last time an now that doesn't work. Is there a place on here to get from people here, coinbase has been a pain in the ass for some reason won't take my address for my bank card. Wish I could use PayPal or something.

Can anyone recommend what is the best wallet to use right now to make a withdrawl from a poker site ? Or is it better to wait after Aug 1st at this point? Looking to withdraw about $300 and looking to transfer into bank account after. Thanks in advance

I use coinbase for bitcoin is everything ok to start cashing out to it again?

Check if they sent you a notification email. I don't use coinbase, but the exchange I use sent an email today announcing the availability/crediting of Bitcoin Cash and a statement that normal operations have resumed.

It's true you have the password with 2FA to your poker account and can initiate withdrawal requests, but you don't technically have control over the funds. You have secure access to your wallet, but as far as I know, withdrawals need to be manually approved from the site-end before they're processed, and you don't hold the private keys to your wallet, or the ability to claim your btc in the event the site stops its service.

I haven't had any experience with ignition (or seals recently) however, and am curious to know whether or not it works differently there.

I agree. If seals goes down I can not withdraw my roll without it being manually approved by the site. If everyone in control of the site vanished then I may not be able to withdraw, but I don't think they can withdraw my balance either.

One time Bryan Micon had charges against him and the site was seized when it was called seals with clubs and he was the in your face owner. He put out a pretty crazy video talking about how numbers do not back down to the feds and it's impossible to steal his customers' bitcoin. It was pretty ballsy considering he was almost on par with Calvin Ayre (ignition) for being most wanted and definitely facing jail time. But this was 2013.

Then he was right and I was able to cash out my coin along with everyone else. Like 3 days after. It took me years to get my FT money and I'm still waiting on AP so I really trust Bryan and seals compared to them.

But your point was that you have more control over your coins when they are in blockchain wallet etc and I agree although it's just a little more control. PLus swcpoker is crediting bitcoin cash to all accounts and has free withdraws (they pay the mining fee, on a blockchain wallet you would pay)

Seconded.

Actually, there was one project which wanted to create a decentrilised crypto based Poker. But I think it fell through. If I recall correctly it was Ethereum based.

third.

I read an article that I can no longer find that was basically talking about the future of cryto poker being basically zero rake(well fractions of a percent, heads-up only tables(no collusion), and very little support (decentralized)

sounds good to me.

Ah I remember when that happened. I had a small amount of btc on Seals with Clubs at the time it closed down, and was granted access to withdraw it directly after. That was around the time I first started experimenting with bitcoin poker and really left an impression on me.

I didn't know they credited players BCC after the recent fork. That's actually really commendable and wish I could say the same about the site I play on. Also didn't know they cover withdrawal fees. Now I'm thinking I should make another deposit on swcpoker.

Btw is Micon still affiliated with swcpoker?

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I guess if the site is trustworthy, a separate wallet isn't needed until you plan to make an actual withdrawal to hold or convert to fiat (exchange or btc atm). It can also be a hassle when making other (non-poker related) bitcoin payments. Those often require you to make the transaction within an allotted time frame. Which you'll miss if you try to make misc payments directly from your poker wallet.



Sounds good to me too.

bcc has not been credited yet b/c they are still figuring out how to do that.

yeah i'll bet micon still gets a piece of the earning at least. Why would he get cut out?

It's usually nothing prolly most days but then a high stakes match will sprout up with people peeing in gatorade bottles and I'll bet they do much better.

It's a great site. like any crytpo poker site you gotta be patient for action. But it's free basically. I mean I once paid bovada 10k in rake in a month.

to be clear, i played 50k hands that month. I made 5k. Nice i guess. But I really made 15k because I payed the bow 10k in rake.

So screw that I will just wait patiently for headsup rake freeish action. If only a few people play me a day, oh well.

most of the people in the ignition/bovada thread make more money posting than playing.

http://virtue.poker/ is doing this on the Ethereum blockchain. They recently released a white paper outlining their technical roadmap. Current target is to open for beta early next year and to publicly open with a tournament in Q4 2018.

The bare minimum rake necessary would be whatever transaction fees it costs to run the application on the network. I also expect them to have an Initial Coin Offering to raise funds, and a portion of the rake would likely be returned to investors as well.

This is interesting. Are there more of these? And which one has the most volume?

Virtue has the backing of a company called ConsenSys, who's been a serious contributor to the Ethereum project and employ some core members. Looking at the white paper, they've overcome some novel technical problems related to decentralized poker that I haven't seen any other project address successfully. IMO, they're by far the most serious attempt to bring this to fruition. The fact that they've also hired a legal team to look into any legal hurdles they may encounter helps too.

Pokereum (http://www.pokereum.io/) is open source and the only other major competitor that I'm aware of. They recently announced that they're going to release a white paper of their own and it'll be interesting to compare the two approaches. Hopefully the competition will be healthy for both projects.

Etherum is #2 currency right now, but those sites are a good start. I was actually looking at virutepoker the other day when I was googling around.

It will be tough at first considering betcoin and swcpoker (the current leaders in crypto poker have very small rooms plus they use the #1 cryptocurrency. Those sites remind me tho of the days when I used to prop with parttime poker and they would give you like 100% rakeback. Always a small room, had to play heads up usually, but because of the pay any action you got was worth it.

https://bitcoincharts.com/charts/bit...zm1g10zm2g25zv

This chart is the hx of the value of bitcoin but some points I can gather from it..

1. bitcoin is super new. kinda like how in the late 90s were with computers. people are not familiar enough to comfortably use it. I remember not really understanding how to send an email, and why can't I just call the person instead etc.

2. Huge spike in dec 2014 followed by 3 yr recovery period. we are in the second peak but will there be another multi-year correction? How good do the people who lost their shirt feel about bitcoin? Cause there's a lot of them.
If I had x btc on dec of 2014 as a speculator, i would have sold it likely for 2/3x in the middle of 2016 and consider myself lucky. Maybe earlier.

3. I don't have a 3 from this chart but people tend to focus on investing and gains in bitcoin but that is not the point of bitcoin at all. bitcoin's goal is to change the world the way iphones and computers did but in the world of currency. The concept is that if I owe you 100 bucks and wanted to pay you without any record of it I could give you money in a brown paper bag. Or we could both set up one time fake email addresses; I could email you the money; you exchange it within minutes (depending on how fast you are) for cash in your preferred currency. Totally anonymous. I could send money to someone in antartica for about 20cents and I could do it instantly. or maybe they are lying to me and actually in another country. that's a powerful currency.

I feel that this spike is somewhat sustainable/might not be a big correction and I feel a big part of it is the rise in popularity of bitcoin in countries with instability in their currency.

It's also exciting on seals to realize that you are now playing for higher stakes with the same bankroll.

whats the best btc poker site at the moment? whats the play level there?

So can I deposit from my Credit card to CoinBase, then to Blockchain, and then to the Poker site like I always do? I haven't made a deposit or withdrawal since the fork. Thanks for your help.

So is Kraken one of the best exchanges to use for US based traders in terms of security, speed, and fees?

Is there a reasonable consensus as far as the best US based exchanges?

swcpoker in my opinion. I would say the quality of the player base is awesome. By awesome I mean people don't quite understand basic strategy to games that have been around forever like lhe, and forget about it when you're playing a variant like 27triple draw or bigO. Right now there a few people seeded at the 1k/2kUSD level (300/600mBTC). Don't play them. I mean I would really really want to know what I'm doing. Oh yeah and I'd need a huge BR which I don't have! You can check out the games without setting up an account and play from anywhere in the world. PC only

yeah proceed as usual. sometimes I think this spike is partly people rejecting bcc or bch or bitcoin cash or whatever the heck it is. I have some but don't even know how to cash it out or even really care. people like good old fashioned bitcoin.

Kraken is a big one I don't know about what is really the best exchange. The problem with coinbase and kraken and most of these exchanges is they will charge your cc like 4% to deposit, THEN your bank will charge like a 3% international transaction fee, THEN when you transfer to seals or blockchain or anywhere you will pay a 0.0005btc mining fee (2bucks now so not negligible, oh then another mining fee from blockchain to poker site (0.0005 again)

So I know nothing about trading bitcoin and consider it only a vehicle to allow me to basically play rake free poker. Once you get your money onto a site like seals , seals will now pay the mining fee and you just build your bitcoin as all seal money is stored in bitcoin. all sunday rakeback paid in bitcoin. all stakes in bitcoin. So try to deposit very infrequently and let your bitcoin grow on the site by a) btc value increasing (passive investing) and b) playing and growing your acct (active investing)

I guess I do know about investing in bitcoin

I would not recommend Kraken. They make you jump through all kinds of hoops, and it's not worth the hassle. Let me explain what I mean by that. I had to give them a lot of personal info, then I had to send in a photo of myself holding up my passport. Normally that would be fine, but after I got approved I went to make a deposit and realized the only option is a bank wire.

That is ridiculous, all of that red tape so I can make a bank wire and wait three days for the money to show up in my account? No thanks, I'll pass. I then went to Coinbase and Coinmama and haven't looked back. Both of those sites allow me to make an instant deposit. Anyway, just my two cents concerning Kraken.

Kraken's verification rules depend on the country of residence. For almost whole EU (except Germany I believe), they don't require any verification, just personal data, and offer free/easy/quick SEPA deposits/withdrawals with low exchange fee. Therefor Kraken is highly recommended IMO, but only for EU.

estimated time for money to go from coinbase to blockchain? is it ok to just request it from your own e-mail and click the link and send? sorry, pretty new at this, but followed directions from a few pages back to try and load up some money on poker site. thanks!

This depends on the fee you use. One you're into the Bitcoin transaction chain, all transactions will take essentially the same amount of time. There are places to check how it's going, like https://blockchain.info/charts/avg-confirmation-time

You can use a higher or lower mining fee to move your confirmation time up or down. Mostly these days I use low fees and just plan to use my BTC the next day, so I'm not really sure what mid-high fee timing has looked like.

If you're going from Coinbase to a Blockchain wallet there's no reason to worry about obfuscating, so go ahead and use whatever links the sites are giving you.

How do you buy bitcoin and use it for online gaming with out the Bitcoin wallet knowing that you are using the bitcoin for online gaming?

I know that there is a way to do it as alot of people uses bitcoin to put money on and cashout online poker sites.

Anyone have experience with cex.io? It says you can sell Bitcoins and receive
Money instantly on your payment credit/debit card. Sounds pretty sick.