Bitcoin And Poker
Posted By admin On 30/07/22The poker industry was a particularly interesting case. Bitcoin was launched a couple of years before the Black Friday travesty, but it still took a few years for players to start pushing for mainstream poker platforms to accept cryptocurrencies. After all, this was the perfect solution to avoiding the money transfer issues with US banks.
Bitcoins have value because people find the Bitcoin protocol to be a useful means of value transfer. Because there is a fixed amount of bitcoin, the value is purely determined by aggregate supply and demand. So it’s like a currency, but it isn’t backed by a government?
- Our online poker experts have evaluated and reviewed every online poker site which accepts cryptocurrencies like Bitcoin (BTC), Litcoin, Ethereum and Tether (USDT). We list the best and most trusted BTC poker sites below. Not every site makes the grade.
- Bitcoin Video Casino is a provably fair gaming site with high expected return. You can try out any of our games using test credits. If you want to play and win Bitcoins, simply send any amount of Bitcoins to the address at the bottom of your screen.
- SwC Poker is the original Bitcoin poker site. We helped create Bitcoin poker. By any measure, SwC poker is currently the largest bitcoin poker site. With anonymous accounts, industry-lowest rake, and fast cashouts, SwC Poker offers a player friendly experience that is truly a new style of online poker site.
- Bitcoin Poker is becoming more and more popular these days. This kind of Poker game makes use of Bitcoins, also known as BTC. This coin is a decentralised digital currency which can now be used to make payments online to anywhere all over the world.
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That doesn’t seem right. Bitcoin begs the question: “Can there exist a currency backed purely by mathematics and computing power, instead of a central issuer?” Government backed fiat currency has long been the norm. In a fiat system, units of currency can be added or subtracted at the whim of the issuer.
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Staunch Bitcoin supporters feel it’s no advantage to the health of a currency when a few people have the ability to make arbitrary changes to it. With fiat currencies, the issuing government is charged with protecting all aspects of the currency, including counterfeiting.
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In the case of Bitcoin, math and computing power replaces government. The anti-counterfeiting duties are performed by computer code, and have never been defeated. There are many other aspects to consider on the subject of mathematics and distributed power currency governance. The Bitcoin project is truly an economic experiment.