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WatchMeWin
WatchMeWin
Joined: May 20, 2011
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Zuga
April 21st, 2017 at 2:16:28 PM permalink
Digital and Virtual currency will be the future. It is already happening. For example, If you walk around China, you will not see anyone use cash anymore. Vendors, Merchants, etc,... you name it. Cash will be virtually obsolete... sorry Ax. Blockchain technology stocks are definitely worth looking into. IBM is a major player in that space. I much safer play than buying bitcoins, although it is worth a small risk for great payout to buy some bitcoin in the event that the Winklevoss twins are correct... because their daddy said so!

I don't know how the casino industry will convert to digital currency... as I would guess that customers like cash transactions unrecorded. Right Ax?
'Winners hit n run... Losers stick around'
AxelWolf
AxelWolf
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April 21st, 2017 at 2:31:42 PM permalink
Quote: gamerfreak

Like I mentioned, the issue is that all the legit currency exchange companies will not do USD/BTC anymore.

Where were you trying to cash out $1k that it got lost? Was it s individual that scammed you?

While I don't know all the details because someone else was in charge of making the transfers. I just got a message saying we had some BC go missing during a transfer. It was not an individual, it was to or from a wallet. I think they have sent an Email and are trying to figure out exact what happened. From my, understanding there was some type of error message during the transfer.
♪♪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♪♪
BTLWI
BTLWI
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Zuga
April 21st, 2017 at 9:07:15 PM permalink
I think digital has a prominent role in the future of currency. I think Bitcoin will not be the crypto currency that is most widely used. Too easy for "BetterBits" to come out in 5-10 years using the best parts of everything out there.
TomG
TomG 
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Zuga
April 21st, 2017 at 9:16:54 PM permalink
If someone truly thought bitcoin would increase that much, they would have already put almost all their assets into it. And if their opinion on these things was truly valid, they would have already done well on other similar bets and had significant amount of money to invest on this one. And that would have caused the price to be far higher than it is now.

Similarly, for those who think it will crash, there should be plenty of opportunities to short it
Zuga
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Zuga
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April 22nd, 2017 at 4:47:13 AM permalink
Quote: WatchMeWin



I don't know how the casino industry will convert to digital currency... as I would guess that customers like cash transactions unrecorded. Right Ax?



the online gambling industry is already adjusting to the bitcoin reality. There are many online casinos supporting this cryptocurrency and from our experience USA players love it ( knowing the banking limits they are faced with due to UIGEA )
"All it takes for evil to prevail is for good people to do nothing "
WatchMeWin
WatchMeWin
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April 22nd, 2017 at 8:45:55 AM permalink
Quote: Zuga

the online gambling industry is already adjusting to the bitcoin reality. There are many online casinos supporting this cryptocurrency and from our experience USA players love it ( knowing the banking limits they are faced with due to UIGEA )



Yes, definitely for the online casinos, it is a no brainer as everything is digital already. The physical casinos will find a way to capitalize on however and wherever the money is coming from. Probably be used as front money and receive chips.. and for any electronic game that would be able to recognize a digital payment system. The live table games will always have a place for cash in players in my opinion.
'Winners hit n run... Losers stick around'
socks
socks
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Zuga
April 22nd, 2017 at 11:34:55 AM permalink
Bitcoin has always felt a bit fake to me, as in, it doesn't seem anchored to anything except people's desperation for an alternative to government currency.

That said, I do find the political implications interesting, that there is the possibility for a non-geographic "exit". Traditionally, the left values "voice" while libertarians and the right favors "exit", or the ability to be able to remove themselves from a given system. Sillicon Valley libertarians/crypto-futurists are now talking about the potential for a logical exit.

That said, bitcoin is young. Within the past few weeks, there was a new weakness found that reduced electricity costs for attackers by 30% (the 51% attack, I think?). So there are still question marks here.

Personally, I think zcash is more interesting in terms of asymmetric upside. It offers a greater level of anonymity and seems to be interesting in a way other bitcoin alternatives are not (not including ethereum, which I don't think of as a direct competitor). I'm far from an expert in any of this, but I'm watching hopefully.
sammydv
sammydv
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Zuga
April 22nd, 2017 at 10:18:53 PM permalink
Quote:

5. The 2030 price and user count will total $500,000 and 400 million, respectively. The price is determined by taking the $10 trillion market cap and dividing it by 20 million bitcoins, the fixed supply.


He's got everything to gain to try to make people believe that total garbage nonsense.
$10 trillion market cap? Please.
And Japan is on their own planet anyways.

Just wait till the up coming new .com 'social network' bubble explodes because it's all fake value on future speculation.
lilredrooster
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April 23rd, 2017 at 1:27:37 AM permalink
Quote: WatchMeWin

Digital and Virtual currency will be the future. It is already happening. For example, If you walk around China, you will not see anyone use cash anymore. Vendors, Merchants, etc,... you name it. Cash will be virtually obsolete...



I don't think you're correct or if it is the future it is a long way off. We haven't really needed cash for decades. There are a great many people who believe that going cashless offers the government one more way to keep total track of an individual and they don't like that idea. I'm one of those people. The government already knows way too much about me, way more than they need to know. They need to back off, not get closer.
everybody wants to go to heaven. but nobody wants to die.
Wizard
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Wizard
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April 26th, 2017 at 7:09:57 PM permalink
I've probably said this before, but I think the market is looking for something like Bitcoin. But not Bitcoin exactly. Something with a name behind it.

I still say Bitcoin is a fad. I remember a book in the 1990's predicting the future value of any given Beanie Baby given the rate of growth at the time of publishing. I have a copy somewhere. It would make you laugh to compare the predicted values to the actual ones. It is just a matter of time before the bubble pops in the same way it did for Beanie Babies.
It's not whether you win or lose; it's whether or not you had a good bet.

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