I recently had a meeting with a large licensed online gambling website about the advantages bitcoin brings. I told them they will need to move to a 1% house edge to stay competitive and soon it will be 0%.
The differences between end-to-end bitcoin sportsbooks & government currency sportsbooks that accept bitcoin include
- Privacy & security.
- Deposit and withdrawal limits and speed.
- Provably fair gambling.
- currency conversion.
There will be upsets, injury time winners and inexplicable red cards. The human drama will be palpable. Complex interwoven relationships of money, politics and altruism will meet raw emotions of triumph and despair all in 90 minute celebrations of football.
I contacted the owner of a domain that I wanted to buy and he wanted to sell. We agreed on the price so all that was left was for me to send him the money and him to send me the domain in a way neither of us could get ripped off.
“First they ignore you, then they laugh at you, then they fight you, then you win.” Why and how governments and the financial system are fighting bitcoin and who will win.
Historical context | Why is political betting so popular | Predicting results better than opinion polls | Moral hazard & challenge to democracy | What’s next and the role of bitcoin
Arm chair pundits theorize proposals to denominate bitcoins in a way that will make bitcoin amounts easier to think about and express, like bits. An industry of doers have decided mBTC is the solution.
These are the changes I want to see in the world that bitcoin allows me to live in my life today.
- No borders.
- No discrimination.
- Privacy & security.
- Free trade.
- No debt bondage or inflation.
- No tax to fund state terrorism.
The basic value proposition of bitcoin; nearly free and instant transactions of any amount, any time, between any 2 people with no way for a third party to block it is still amazing and not fully realized.
International Monetary Fund Managing Director Christine Lagarde is an important figure in the old, centralised, money as debt system. She answer 1 hour of questions from the public on the Australian Broadcasting Corporation’s Q&A.
When money was limited by the amount of precious materials in existence governments had to tax citizens to fund the programs they wanted to pay for. This is no longer the case.
- Roughly 50% of bitcoin transactions are gambling related.
- Bitcoin is the fastest growing sector of the gambling industry.
- The attributes and characteristics of bitcoin such as speed, anonymity and borderlessness make it perfect for gambling.
- Laws and regulations make gambling with government currency very high friction.
If the bitcoin community stopped calling dollars, yen, euros, et cetera fiat currency and started calling them government currency people would more easily see the problems with these currencies and the advantages of the bitcoin solution.
An app gathers data from APIs to create bet selections for events. Users choose their selection and a new bitcoin address is created for them to send their stake to. The app then gathers the data of who won the event and pays out 100% of bets to the winners.
For real change don’t fight the system, bypass the system. Do this by not voting, paying taxes or using banks and government currency.
If you are a long term winning Betfair customer there is every reason to worry about the premium charge. It is a greedy money grab and it can ruin your betting career.
F1 is supposed to be about fast cars and fast drivers racing each other. It but is now reduced to a travesty of tyre management. This is because the control freak autocrats who run the sport have created thousands of pages of strict regulations which don’t allow teams to innovate.
There is no compromise for major change to bitcoin that 95% of the network will agree to. The only way to make meaningful improvements is to hard-fork. Can we accept that after the hard fork there will be 2 separate networks with different rules?
“we’ve been under DDoS since the first month we launched—over three years–yay. Plus we have put real fiat dollars into our lawyers’ pockets, to defend our customers from their own government.”
Supermodel Derek Zoolander, form the eponymous 2001 hit comedy, revealed In an interview with Vogue that his new favorite look is called bitcoin: “it’s completely virtual, but it’s very valuable, I don’t really understand it.”
The bitcoin sports betting industry is in a state of rapid improvement; from the poor user experience of a couple of years ago to the best betting experience in the world that bitcoin sportsbooks will achieve within a couple of years.
Bitedge is the new name of the Bitcoin Betting Guide. Every bettor wants an edge and bitcoin plus this site is the best way to get one. “Bitcoin Betting Guide” was a literal description of the website whereas “Bitedge” is the essence of what we are about.
The 2016 US presidential election will be the biggest non-sports betting event ever. The candidates have the highest negatives of any pair in history so the only way to make something good out of this circus is to win yourself some bitcoin!
“honestly sport betting with bitcoin has made this the most exciting NBA playoffs season ever for me. It’s fun to be able to throw $15 on a parlay and hope for a big win. I don’t usually gamble, and I never knew how to get in touch with the local bookies in my area, but its freaking awesome I can do this with bitcoin and gamble amounts I’m comfortable with.”
Bitkup is a fun service that charges users a one time entry fee that is put in a prize pool. Users make predictions on all FIFA World Cup games and get points if they guess correctly. Bitkup will distribute the prize pool of funds to the winners.
Win ฿20 by completing 8 FIFA World Cup betting challenges as part of Nitrogen Sports’ fun competition. I will be playing myself, Let’s win some bitcoin!
The Champions League Final before a FIFA World Cup always has a special feeling about it. In these years the last club game of the season wets our appetite for the feast of football we are about to gorge ourselves on over summer.
To celebrate the MIT Bitcoin Clubs distribution of $100 worth of bitcoin to all undergraduate students and to help you experience the benefits of bitcoin Bitedge would like to offer you 10 mBTC (~$5) for free via Nitrogen Sports.
Tonight I had the pleasure of attending another great Melbourne bitcoin meetup. Everyone has a project the are excited about, programmers and entrepreneurs from all backgrounds are forming new teams and building new bitcoin services and infrastructure.
Huntercoin is a human mineable crypto in the form of a game. Every move in the game is a transaction on the blockchain and the whole game state and protocol is stored on the blockchain rather than a game publishers centralised servers.
Because I make my income in bitcoin I have been looking forward to the day I could meet all my living costs with it. That day has arrived sooner than anyone expected!
There is a new bitcoin exchange about to launch in Australia going by the name of 21st Century Bitcoin Exchange. They also plan to operate 100 bitcoin ATMs in Australia and a mobile wallet. They seem very dodgy.