15 Sep '12, 3am

Pokerlistings - Could Bitcoin Set Online Poker Free? #bitcoin

“Bitcoin represents a potential paradigm shift in the online poker world as it could easily bypass the number one issue that has plagued online poker from day one: payment processors.” - “Since the entire system is open-source and online there are fears it could be hacked. Bitcoin has only been in existence for a few years and many economists still consider it an experiment. Here’s perhaps the most surprising thing about Bitcoin, however: It’s working.” - “Bitcoins are simply used to buy chips on online poker sites. Because banks are not involved there is no way for government agencies to restrict people from using Bitcoins on whatever they want.” - “What if your choices are $6 rake ‘Bellagio Online’ vs. mostly professional Nevada-based opponents or .1 BTC rake SealsWithClubs vs. randoms from around the world?’ ’Bitcoin sites can gain a competitive advantage in a USA-legal...

Full article: http://www.bitcoinnews.com/post/31554007565/online-poker-...

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