Quote:
Originally Posted by Bobo Fett
Why is this clearly unacceptable? If the site's games are in USD, or Euros, or whatever currency they are, then that's what they're in. Your example is nothing but results-oriented thinking. What if Bitcoin went down in value in the same time period - does that make the other sites' (those that keep your bankroll in BTC) way of doing business unacceptable instead?
If you're bullish on BTC, or only want to do business in BTC for whatever reason, then yes, by all means find a site that keeps your funds in BTC. Nothing wrong with that. Just like there's nothing wrong with a site that keeps your funds in Euros, USD, or any other currency, as long as they're transparent about their currency policies.
To each their own. I assume everyone must be bullish on BTC who plays online poker. To move money around with such ease, and not have to worry about it getting frozen, assuming you cashout of each site at night and keep your money in a private wallet, gives something that you can't put a price on: peace of mind. Also, the way Black Friday sorta outlawed this exact thing was pretty ****ed up, and it's kinda cool to use this to get around that. But if you're not bullish on BTC, by all means keep funds in USD.
Quote:
Originally Posted by Gzesh
Lou,
The D Hotel Casino and the Golden Gate Hotel on Fremont Street in downtown Las Vegas both accept BTC as payment for rooms, food and beverage and have done so for several years
The D Hotel advertises Bitcoin Accepted on its reader board on Fremont Street and had one of the first Bitcoin ATMs in Las Vegas on its floor. At the time, Nevada Gaming took the position that it wasn't for gaming, so they did not consider it a gaming issue.
The last time I looked*, the Bitcoin ATM at the D was two way. meaning you could sell it your BTC for USD and then do whatever you wanted with the USD. (*I do not know who operates the ATM, as the original owner folded up a few years ago.)
You forgot to mention a few things about The D Hotel Casino:
1) Most importantly, it is known as the World Capital for Swingers. If you Swing, you'll be right at home here. I, however, did not know this and was confused about the strange looks I was getting from men (who apparently wanted me to bone their wife)
2) The owner is cool as hell, I happened upon him walking through one night. I mentioned how awesome it was that he accepts Bitcoin and has an ATM right in the lobby. He shrugged as if to say, "What else can I do? It's the future"
Quote:
Originally Posted by PTLou
interesting. didnt know that
It will be interesting to see how the crypto ATMs grow in and around casinos.
Even though they are not directly gaming related, surprised NGCB didn't care.
I wonder what withdrawal limits and fees are.
will be pretty sweet vs bringing large amounts of cash to vegas for WSOP and what not.
No, it won't. The fees are beyond ridiculous. Say BTC is 2500, they will buy for 2000 cash, or sell to you for 3000.
Even worse, the limit is $1,000 cash per day. That's right, 1k. Now, this can be circumvented but only with some effort. See, it asks for a phone number when you start using it. Once you've used your number there is no way to get another 1k with your own number. So you have to ask others, people you're with, or complete strangers, for 5 seconds of their time and their phone number and then ask them for the code that was just texted to them. Most of the time, they'll say yes just out of courtesy.
Also, there are like 20 ATMs in Las Vegas, but they are pretty much all operated by one of two providers. If you already took 1k out of the ATM in The D, chances are you won't be able to get 1k out of the one at the gas station on Decatur, because your phone number is already in that system for the day.
Ends up being very hard to get anything more than a few thousand, and the 20% fees make it not very appealing. Still, if you need cash, good to know they're around.
Quote:
Originally Posted by Bobo Fett
To clarify, they can definitely stop you from using their site solely or primarily for this reason. IE if you exchange currency as part of your natural depositing/cashing out to play poker, they can't (and likely won't want to) stop that, but if you're really just running money through the site with very little play, they can and likely will put an end to it at some point.
No comment on my earlier post; the one that was actually directed at you?
True, if you make it obvious. (Depositing 50 times in a week and cashing out 50 times without playing a single hand) However, it is pretty easy to act like a superstitious gambler, who wanted to deposit, then felt "unlucky" and cashed out, then next time maybe play a few hands, it's very unlikely you'll run into problems, unless you're just doing ridiculous amounts of deposits and cashouts.