How are you finding the GUI? I'm not keen on the way the cards get covered up with the bet amounts.

Juk

It sucks need major improvement

Who are the guys that said yeah this looks good
I would have loved to have been in that meeting

Beyond horrible. Like take the worst poker site you have ever played on and that site is like FT/PS compared to this.

There is the potential for a metagame advantage of a bc network. If we find a way around the DOJ, then the prohibition-isn't-working argument is refreshed, and, additionally, we can argue prohibition has opened a whole new can of worms by provoking the expansion of a new type of currency, something Congress just doesn't want to see happen. So the argument for regulation is strengthened

I always wondered why after 2006 the sites didn't collaborate with someone and create a payment processor like egold, ebullion or liberty reserve. A system like that is basically untrackable and the government wouldn't be able to freeze funds. Payouts would of been quicker and debit cards and stuff are available. Sure the fees to get money would be higher, but we would still be able to play right now and basically say "FU DOJ".

e-gold had everything seized. Not the best plan.

banks are responsible for the safe keep of your money and in civilized countries will give credit you 100% of the time. does Fakecoin, I mean Bitcoin? eot

Which illustrates why decentralized p2p networks are essential.

The govt shutdown napster rather quickly and easily. However nobody has come close to shutting down bittorrent.

Bitcoin may NOT be the answer but any future solution would have to be decentralized. So bitcoin may lay the foundation for some later generation crypto-currency.

Since when?

Isn't there a post nearly daily about how someone Neteller account (or Poker account) got hacked? It doesn't get much better in the real world, try googling identity theft, check fraud, or ATM card duplication.

FDIC Insurance protects your from bank failure not from fraud or your inability to keep your account credentials secure.

Banks will. But the damage is done if they steal the money. If you were capable of cracking encryption, why would you target Bitcoin rather than target a bank?

The bitcoin poker room is raking .25 bitcoins on the sample hand? Isn't that ~$7.50 US in rake?

its .25 bitcents. 4.25 cents.

Isn't a bitcent worth about $30 US for 1? so .25 rake would be $7.50.

Trying to test this out I requested and received .001 btc from the Faucet. I had it sent to a mtgox account as I didn't have the bitcoin software installed. But is there anyway for me to deposit this .001 btc onto betco.in? I tried to withdraw but I think it's too small an amount.

From the betco home page:

Juk

What bitcoin poker room are you talkin bout

Im sure no bitcoin site is raking that much

Hard to imagine you are serious

Wasn't this you in this hand where it said the rake was .25?
Dealer: donkiam pays 0.12 blind
Dealer: 1ranger1 pays 0.25 blind
Dealer: juelzsantana pays 0.25 blind
Dealer: pre-flop, 7 players
Dealer: juelzsantana raises 0.46
Dealer: None4U folds
Dealer: weIllIm folds
Dealer: pokermon919 folds
Dealer: elephantblapt folds
Dealer: donkiam raises 1.05
Dealer: 1ranger1 folds
Dealer: juelzsantana raises 2.28
Dealer: donkiam calls 1.82
Dealer: Board: 4c 6c 2s
Dealer: flop, 2 players
Dealer: donkiam checks
Dealer: juelzsantana raises 3.11
Dealer: donkiam calls 3.11
Dealer: turn, 2 players
Dealer: Board: 4c 6c 2s Ah
Dealer: donkiam checks
Dealer: juelzsantana checks
Dealer: river, 2 players
Dealer: Board: 4c 6c 2s Ah Jc
Dealer: donkiam checks
Dealer: juelzsantana is all in
Dealer: juelzsantana raises 6.40
Dealer: donkiam calls 6.40
Dealer: Rake 0.25
Dealer: donkiam shows A pair of Queens, Ace kicker for hi
Dealer: juelzsantana sits out
Dealer: donkiam wins hi
Dealer: juelzsantana mucks losing hand
Dealer: donkiam receives 25

Sorry, Juk's explanation clarified it for me. Thanks.

If your online banking account is hacked, the bank WILL credit the stolen funds... That is especially true in the U.S.

All is irrelevant. The only relevant issue is recourse. In case of Bitcoin, there is no recourse if there is any theft. With banks, especially in the U.S., there is definite recourse.

You are ignoring what I am saying. Suppose you have the power to crack encryption. Do you attack Bitcoins and maybe get a hundred thousand out (at best)? Or do you attack banks and get millions or more?

Yes, if you are holding coins and they get stolen, you are screwed, and people are getting attacked this way. But Bitcoin has not been hacked. It is no different than if someone steals cash out of your wallet.

If you had a Bitcoin bank, you could get all of the protections you are seeking. Comparing Bitcoin to a bank account is the wrong compare. Compare Bitcoin to having cash in your house. If that gets stolen, you are screwed no matter what.

If you want extra protections with cash, you use a bank. If you want those protections with Bitcoins, you use a Bitcoin bank that has insurance. Obviously nothing like that exists now, but nothing is to say it couldn't in the future. I don't recommend the average person on the street buy a significant amount until there is, though.

I can confirm the bitcoin poker games are the softest game in town. Similar to play money I started with 1btc last week and mostly playing the micro stakes .12/.25 I am up 40btc. If anyone wants a couple coins PM me.

Hi,

i don't know how soft the bitcoin games are, but I'm a software engineer and read the IT-News on a daily basis. There have been many articles about bitcoins in the last months and currently I would not recommend converting larger amounts in bitcoins.
The main problem seems to be the instability of this currency. There are several malware kits that do already search for bitcoin credentials and at least one breach got a big share of total bitcoins. After that the trading of bitcoins was stopped for several hours because the exchange rate broke down enourmously.
I love the concept of bitcoins but atm I would be very cautios with it.

Actually there is. In the first 4 years, 10m btc gets created, in the next 4 years 5m btc gets created, and so on. ( see: https://en.bitcoin.it/wiki/FAQ#How_a...coins_created? ). The point is, all the very early adopters get coins much easier than the late comers. If bitcoin happens to take off, anyone with the initial easy supply of coin gets rich, as coins become more and more scarce.

There is no guarantee that the value will rise, as compared to the USD or EUR.