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    Bitcoins for Online Casino

    blackmamba88

    By blackmamba88
    in Online Slot Discussions

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    • 3 weeks later...
    • 3 months later...
    BBZ100 Fresh Gambler

    BBZ100

    Posted
    Posted

    Oh my god...I have no idea what Bitcoin even is? Please can someone explain...in 'easy' English for me pleeease

     

     

    Coco, bitcoins are a virtual currency. A few years ago, a single bitcoin was worth a little over a dollar. Now a single bitcoin is worth ( I'm not really 100% on this ) But I believe somewhere around 30-60$ .

     

    It sounds great when you think about it, but , in terms of how easy getting bitcoins is ; it's not.

    There are a few ways to get bitcoins, some of which include using the bitcoin extractor if I am right, which basically uses your computer power , while it's turned on, to turn it into currency. 

    This currency comes in very small amounts 0.0001 or something like that, which gives you a perspective on how long it would take to aquire a single bit coin. 

     

    On the other hand, yes, in Japan for instance, bitcoin is accepted anywhere and it's just like any other currency that people use over there, but it's quite unpopular elsewhere. 

     

    Also, since bitcoin is a virtual currency, you can use it to buy anything, and yes, including drugs from Silk Road. 

    I have my doubts about bit coin succeeding because of the inability to track the currency of every individual if you are following me.

     

    Our normal money is stamped, and has it's own ID code for every bill. (I don't want to get into that) Meaning, you can't get alot of something illegaly as the government section regarding illicit money transfers would get on you right away, with bitcoin it's not the same.

    So in terms of how safe bit coin is, it's safe, but you can also use it to buy stuff you couldn't normally pay for with credit card, and this puts alot of stress on the idea that bitcoin is the thing of the future. 

     

    You never know though!

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