Quote:
Originally Posted by SootedPowa
Used by criminals and clamped down on by governments and banks everywhere. I would use bitcoin if I was an online poker professional living in the USA, aside from that steer clear if you have a brain.
Amazon and CVS use it, too. Get with the times. What you're saying is sooooooo 2006. There are grocery stores out there accepting bitcoin debit cards. There are companies out there now offering to send weekly paychecks via bitcoin wallets.
And, simply allowing bitcoin deposits and withdrawals the way Bovada and Americas Cardroom do isn't the same as a "bitcoin poker site" like Seals With Clubs. It's totally different. Bitcoin is simply used to transfer to and from the site...once it's on the site you play in USD and your account is managed in USD. The money isn't converted back to bitcoin until you cashout....at which point you can sell the bitcoin and convert it to USD in a short amount of time...no reason to be paranoid about losing your money to government intervention in this scenario.
The money only remains in the form of bitcoin for a very short period of time while it's being transferred to and from the site. Unless YOU choose to keep it in the form of bitcoin and wait for the value of bitcoin to increase before selling it and converting it to USD....more profit potential that simply doesn't exist in any other deposit/cashout method on a poker site.
Not only can you be a poker pro with bitcoin, but a currency exchanger, as well. Neat, huh?
Quote:
Originally Posted by ZeckoRiver
Micon went afowl because he was promoting the site from las vegas
Yea. And, isn't he back up and running again in Antigua?
Last edited by INyaDOME; 09-02-2016 at 11:57 PM.