coilman
coilman
Joined: Jan 29, 2012
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May 23rd, 2014 at 2:16:18 AM permalink
This is a first.... now at THE D you can exchange BITCOIN for cash or cash for BITCOIN

http://www.reviewjournal.com/business/casinos-gaming/robocoin-first-bitcoin-atm-casino-launches-d
djatc
djatc
Joined: Jan 15, 2013
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May 23rd, 2014 at 2:52:15 AM permalink
I really want to learn how bitcoin works so I can get in some plays with it instead of real money. Are there skill based games that you can wager bitcoins in?
They asked me how well I understood theoretical physics. I said I had a theoretical degree in physics. They said welcome aboard.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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May 23rd, 2014 at 4:30:42 AM permalink
There is an online casino that accepts ONLY bitcoin, of course I have no idea if they ever payout anything at all. Toshiba recently added six thousand merchants to its bitcoin processing system so its acceptance is gaining.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 23rd, 2014 at 4:42:22 AM permalink
I like the idea of bit coins however they seem to unstable. The process to set up and obtain the through complete anonymity seems tedious. Then again I don't even like the process of making an email account.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
thecesspit
thecesspit
Joined: Apr 19, 2010
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May 23rd, 2014 at 6:55:52 AM permalink
Quote: FleaStiff

There is an online casino that accepts ONLY bitcoin, of course I have no idea if they ever payout anything at all. Toshiba recently added six thousand merchants to its bitcoin processing system so its acceptance is gaining.



Given the nature of bitcoin, and the way the bitcoin casinos work, I believe they pay out on every bet. No need to upload funds, play, then wait to cash out. The games are pretty dull of the ones I have seen. An exposed random number generator, by all accounts.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 23rd, 2014 at 8:06:14 AM permalink
Quote: thecesspit

Given the nature of bitcoin, and the way the bitcoin casinos work, I believe they pay out on every bet. No need to upload funds, play, then wait to cash out. The games are pretty dull of the ones I have seen. An exposed random number generator, by all accounts.

Whats exposed RNG mean? Are there any decent bit coin casinos that offer bonuses and junk? I seen a few sketchy looking casinos that looked like an old Atari game. I don't care if they are fair... well I do, but I want to know anyways. My only problem would be winning at the casino one day, but waking up the next day finding out BC lost 50%.

Am I wrong in my thinking about in terms of the volatility of BC.

I asked before about peoples thoughts about BC. Good investment? Bad? Neutral?

If I new it would remain stable at least.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
thecesspit
thecesspit
Joined: Apr 19, 2010
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May 23rd, 2014 at 9:01:42 AM permalink
I mean the game is pick a number between 0 and 1. The game to randomly generates a number between 0 and 1. If it's less than your number you win, pay off is proportional to the absolute chance of winning (say you pick 0.5, the pay off is 1.99 for 1). The number returned is straight from an RNG, and they sign it so there's proof the number generated was picked from a certain source at a certain time.

As bitcoin is unstable versus the US dollar, your gambling more on the price of BitCoins than the casino itself. Not seen any bonuses. You are also gambling you can cash out the BitCoins for US $ at an exchange... mtGox ate a bunch of coins when it collapsed. But companies like bex.io are trying to make the exchanges more solid.

I see no point to investing in BitCoins or using them. Right now at least.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
kewlj
kewlj
Joined: Apr 17, 2012
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May 23rd, 2014 at 9:27:56 AM permalink
Quote: AxelWolf

I like the idea of bit coins however they seem to unstable.



Unstable?? That's a bit(coin) of an understatement. :) Didn't bit coin lose nearly 50% of it's value in one day in April?? Actually it was only a few hours, not really one day. Admittedly, I don't understand the concept all that well, but that is a little too unstable for my liking.
Just say no to 6:5 Blackjack, Continuous shuffle machines and Blackjack the Forum. All are Negative expected value.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 23rd, 2014 at 9:32:19 AM permalink
Quote: kewlj

Unstable?? That's a bit(coin) of an understatement. :) Didn't bit coin lose nearly 50% of it's value in one day in April?? Actually it was only a few hours, not really one day. Admittedly, I don't understand the concept all that well, but that is a little too unstable for my liking.

They could go up (;
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 63
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May 23rd, 2014 at 9:41:05 AM permalink
Quote: AxelWolf

I seen a few sketchy looking casinos that looked like an old Atari game.



Speaking of old Atari games, guess who I spotted at the D yesterday. That's right, none other than Rocky Raccoon Clark (aka Steve Wozniak).

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