18 Aug '13, 12pm

Why bitcoin has a firm foothold in the online gambling world

Why bitcoin has a firm foothold in the online gambling world

When it comes to online gambling versus traditional bricks-and-mortar casinos, the internet has the upper hand. Online casinos don’t have to hire a bunch of employees, build fancy edifices or wow gamblers with marketing tactics to bring them in. On the other hand, internet gambling in the United States operates in a grey legal area. Online casino operators get away with it by hosting their sites outside of US borders in places like Costa Rica. It’s a profitable business to be in: according to the American Gaming Association, online gaming is a $4-6 billion market . That’s precisely why we’re seeing an entire industry crop up around bitcoin gambling. SatoshiDice No article on gambling and bitcoins would be complete without mention of SatoshiDice. Recently sold for $11.5 million in BTC at the market price for bitcoins at the time, the site was able to avoid the ire of US reg...

Full article: http://www.coindesk.com/the-wild-world-of-bitcoins-and-ga...

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#VentureCapital: At least half of all Bitcoin t...

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Recently I noted that illegal drug purchases are around half a percent of Bitcoin transactions , which is far from the exi...

Firm says online gambling accounts for almost half of all Bitcoin transactions

Firm says online gambling accounts for almost h...

arstechnica.com 25 Aug '13, 12am

Even though I'm "not allowed" to visit this site, lots of people are gambling with Bitcoin online. It's no secret that onl...

Can Bitcoin slash the price of online news? #WEF

newscientist.com 18 Aug '13, 4pm

One of the main growing pains that companies have been facing moving into the online space is how to get people to pay for...

Will heavy use of #bitcoin by #onlinegaming create unmanageable strains on the #blockchain?

Will heavy use of #bitcoin by #onlinegaming cre...

coindesk.com 29 Aug '13, 9am

What are gambling transactions doing to the block chain? According to Jeremy Liew , a partner at Lightspeed Venture Partne...

Don't take my word for it, here are some reviews online : ; and

Don't take my word for it, here are some review...

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This is absolutely amazing:

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Tell me what you think of this idea. Also, please share ideas of little publicity stunts you think will raise awareness of...

This is how we brew. :) [Thanks for the online articles, TimeOut SG!]

This is how we brew. :) [Thanks for the online ...

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Measure out about a tablespoon of tea leaves per person the tea will serve, depending on how thick you like it. When stori...

Bitcoin: Changing money to change the world - Los Angeles Daily News

Bitcoin: Changing money to change the world - L...

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You're in good company, Bitcoin

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