Quote:
Originally Posted by fivetypes
How is Bitcoin the answer? If it is it wont be for many many years until its stable and/or widely adopted.
because it is:
- a global currency (only way to have players from France, Italy, Spain, China, Russia, and USA at the same table with governments segregating player pools)
- instantly transferred (my SWC cashouts are measured in hours, not days)
- cannot be seized by government like bank accounts (US DOJ seized like 74 foreign bank accounts on Black Friday)
To your second point, bitcoin has been relatively stable recently, and is accepted by Microsoft, Dell, Reddit, Expedia, Overstock, and tens of thousands of others.
Quote:
Originally Posted by fivetypes
Didn't it lose well over 50% of its value this year alone? Absolutely no way it will work with these swings.
Ya approximately. It also gained about 5000% in 2013.
Quote:
Originally Posted by fivetypes
Also, the love for Bitcoin on a forum like this, populated by a certain type of person, in no way reflects the the view of the vast majority of ordinary people (the ones you want playing poker). A lot of players/fish still don't even trust online poker (maybe rightly so given last few years) so hoping they are suddenly gonna adopt something as complex as Bitcoin, THEN start playing poker with it is just a fantasy.
You're right, a lot of high/medium stakes players own bitcoin (see HSNL xfer thread). The process of obtaining bitcoins is getting easier. its not ideal right now but its improving. Gotta start somewhere.
I disagree--on some bitcoin sites like SWC, there is no dox. Meaning you do not have to provide any personal info, not even an email if you dont want to. So once you have coin, starting playing is very quick and easy.