Commentary

Bitcoin and Poker Players: A Double Gamble

Bitcoin Ace

Bitcoin is becoming an increasingly popular payment method at various online poker rooms. There are many reasons for this phenomenon. Probably the most important one is that Bitcoin can be used by everyone around the globe. So even players from the USA, where offshore online poker has been under attack for more than a decade, can still easily fund their accounts.

In addition, paying with Bitcoin is appealing because deposits are processed instantly and …

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Online Gambling and the Bitcoin Effect

Bitcoin Circuit

Back in January 2009, the first ever Bitcoin transaction took place. Since then, awareness of the currency has grown and coins have greatly increased in value. Bitcoin is a cryptocurrency, a unit of value which exists in digital format only and is processed on the Bitcoin blockchain.

Despite the hacking of several high profile coin exchanges, the digital currency remains popular. One sector that has embraced the Bitcoin revolution is the online gambling industry. …

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Bitcoin: Comparing the 2016 Presidential Candidates

Bitcoin Trump, Hillary, & Johnson

Author: Zack Voell

Essential to cryptocurrency ideology is the understanding that governments are unable to impede or otherwise affect the use and growth of alternative, decentralized monies. Perhaps that premise renders an overview of the 2016 presidential candidates irrelevant. Decentralized currencies, moreover, are not a mainstream, headlining policy issue that concern any substantial percentage of American voters, and presidential candidates are not particularly outspoken in their support for or opposition to Bitcoin.

But, for active …

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How Long Until We Forget About Cash?

Author: George Basiladze

In the ever-changing world of finance, many of us grow less and less dependent on physical, paper money. The rapid development of financial technology has allowed us to effectively skip out the physical exchange of monies, as we grow increasingly reliant on e-commerce systems, credit/debit cards and contactless technologies. In many areas of the world, people can go through a regular week without ever needing paper money. In the UK, almost all …

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#DontExposeEvil Pro-Peace Meme Contest Winners Announced!

Too Few Role Models

We’ve been talking about the #DontExposeEvil meme contest for quite some time now. It all began when Google pulled ads from Antiwar.com due to graphic war images that were hosted on the site. Bitcoin Not Bombs decided to fight back with this pro-peace meme contest.

The deadline for submissions was April 20, and last night (April 30), we announced the winners live on a Liberty.me webcast! We also had a great time discussing why peace …

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Overstock to Become a Blockchain Stock – Bits & Pieces #25

Overstock Trading On Blockchain

Last week, Overstock.com filed paperwork to begin offering stock (and perhaps other securities) in a digital form. The company’s CEO, Patrick Byrne, has been planning this move since last summer, when he announced at a Bitcoin 2014 that he wanted to list Overstock on a blockchain-based exchange. I’m absolutely excited to see Byrne continuing to piece together his futuristic vision, but I fear that the road will not be as smooth as some others expect.…

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Top 5 Bitcoiners That Love Weed – Bits & Pieces #24

Bitcoin and Weed

Happy 420! For probably a variety of reasons, April 20 is a day when people celebrate the cannabis subculture and perhaps consume a few extra green sticky leaves.

My co-host, Tim Baker, told me once that he thinks special days like this are not ideal, even though he appreciates the object of the celebration. He thinks that festivities tend to make people overexcited about things that they don’t fully understand. That could be true …

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Bitcoin Gambling: People 1, State 0 – Bits & Pieces #23

Bitcoin Gambling

What do you do when you can’t tell what’s legal and what’s not? Often, the answer is nothing. We simply rest on our laurels until the gov’ment tells us what’s permitted, because we don’t want to risk getting in trouble.

The online gambling industry in the US has been doing exactly that for several years. Many large poker websites have been refusing service to US players due to legal gray area. Unfortunately, decisions like those …

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