5dimes is adding bitcoin as a payment option.

[slapshot]

So bitcoin is like RX points hno:

 

[Enfuego]

Yes.

I bought my first BTC last week. I did my research beforehand and found somewhere I felt safe (my brother's a bitcoiner). It took me 5 minutes to set up a free bitcoin wallet and link it to my bank account. Basically like setting up a ppal account but there is instant verification of your bank account.

I bought .10 BTC for like $63 just to get my feet wet with it. It's sitting in my BTC wallet waiting for me to use it somewhere.

It really is as simple as funding ppal.

Sounds very interesting. I may have to give it a shot.

 

[CHOPTALK]

Yes.

I bought my first BTC last week. I did my research beforehand and found somewhere I felt safe (my brother's a bitcoiner). It took me 5 minutes to set up a free bitcoin wallet and link it to my bank account. Basically like setting up a ppal account but there is instant verification of your bank account.

I bought .10 BTC for like $63 just to get my feet wet with it. It's sitting in my BTC wallet waiting for me to use it somewhere.

It really is as simple as funding ppal.

I think once people realize the ease of use this thing is about to explode.

This may encourage people like Penny and Pokerstars to return to the USA.

Only reason they ever left was due to banking laws.
This bypasses all of that.

 

[Akillies]

what happened to Silk Road?

 

[slapshot]

what happened to Silk Road?

<iframe width="420" height="315" src="//www.youtube.com/embed/Xyh-JpWdGmQ?rel=0" frameborder="0" allowfullscreen=""></iframe>


hno:

 

[RenoChazz]

what happened to Silk Road?

The Feds got them for money laundering, which makes the FEDs the biggest holders of bitcoins now.

 

[gmrcharity]

I did the Beta testing for 5dimes and it was very simple. Hopefully the payout will be just as simple but when your account is limited to $20 per game it may be a while lol

 

[The Guesser]

Totally naive on the subject so some basic questions. What is to stop the US Gov't, or State Gov't from making it illegal to use Bitcoins for online gambling, as that A Hole Spitzer did to ****** back in the day, or that the Feds did to Neteller?
You have to buy Bitcoins through a Bitcoin exchange, right, so why can't the Gov't just shut the exchange(s) down in their insane quest to not allow us to bet on sports via the Internet?

 

[RenoChazz]

No one owns bitcoin so it would be hard to shut it down like netteller, and the bigger bitcoin gets the harder it will be to stop people from using them, it's already pretty big everywhere. The Feds trying to shut down one of the big exchanges would be a tall task.

Bitcoin has their own bowl game in college football next year, so yeah they're pretty big.

http://www.forbes.com/sites/ericmack/2014/06/18/bitcoin-gets-its-own-college-bowl-game/

 

[CHOPTALK]

If you already have money in 5D from traditional means will they allow me to withdraw with BC?

Does anyone know this?

Yes I know I can call and ask but I try to avoid any human contact with 5D

 

[akphidelt]

This will be an interesting experiment. I honestly don't believe it will catch on. Too much volatility. I mean it's almost no different than a foreign currency and if the govt allowed us to buy Euros and gamble on Pokerstars in America. Probably will be a small fad. That's just my opinion. The govt is not that dumb.

 

[CHOPTALK]

This will be an interesting experiment. I honestly don't believe it will catch on. Too much volatility. I mean it's almost no different than a foreign currency and if the govt allowed us to buy Euros and gamble on Pokerstars in America. Probably will be a small fad. That's just my opinion. The govt is not that dumb.

volatility does not matter in this case.
Just a means to dodge the banking laws.
As long as BC can be bought and sold it will be perfect for this situation.

 

[RenoChazz]

If you already have money in 5D from traditional means will they allow me to withdraw with BC?

Does anyone know this?

Yes I know I can call and ask but I try to avoid any human contact with 5D

They're not doing with drawls yet but they said it's coming soon.

 

[CHOPTALK]

They're not doing with drawls yet but they said it's coming soon.

HAHA.
Its funny how the books make it so easy to deposit but have a who gives a shit attitude when it comes to getting money out.
Isn't that special?

 

[RenoChazz]

This will be an interesting experiment. I honestly don't believe it will catch on. Too much volatility. I mean it's almost no different than a foreign currency and if the govt allowed us to buy Euros and gamble on Pokerstars in America. Probably will be a small fad. That's just my opinion. The govt is not that dumb.

It's already caught on IMO. Will it last? So far it has, and it's survived some of the worst case scenario. Bitcoin's bigger than 5dimes, not the other way around.

 

[akphidelt]

volatility does not matter in this case.
Just a means to dodge the banking laws.
As long as BC can be bought and sold it will be perfect for this situation.

Well yea, if the Feds do absolutely nothing it is the perfect situation. But from what I know about currencies, the Feds never do "nothing". It will be a fun experiment to watch. I hope it works. I hate the current online gambling structure.

 

[akphidelt]

It's already caught on IMO. Will it last? So far it has, and it's survived some of the worst case scenario. Bitcoin's bigger than 5dimes, not the other way around.

Well that's subjective. It's caught on like a corporation catches on. As a stable, usable currency, it's not even a fraction of a percent of the amount of transactions that go on.

 

[CHOPTALK]

Well yea, if the Feds do absolutely nothing it is the perfect situation. But from what I know about currencies, the Feds never do "nothing". It will be a fun experiment to watch. I hope it works. I hate the current online gambling structure.

I agree but until that happens its great.
Even if the feds do come down on it unless its during the exact 10 second period of time where you convert your US currency to bit coin before sending it to 5D it won't have any impact on you unless you fail to convert back to USD.

Its not like when the FEDs come down on it you will lose your money.

Your assets will be in USD 99.99999% of the time if you do it right.

Buy BC with USD and place in BC wallet from bank account= 2 seconds.

Send BC to 5D to be converted to USD=5 seconds.


FED comes down on BC and shuts it down.
Oh well.
I already have everything converted to USD anyway.
No big deal.
Back to the way it was before.
No loss.

 

[akphidelt]

I agree but until that happens its great.
Even if the feds do come down on it unless its during the exact 10 second period of time where you convert your US currency to bit coin before sending it to 5D it won't have any impact on you unless you fail to convert back to USD.

Its not like when the FEDS come down on it you will lose your money.

Your assets will be in USD 99.99999% of the time if you do it right.

Buy BC with USD and place in BC wallet from bank account= 2 seconds.

Send BC to 5D to be converted to USD=5 seconds.

Well, the good news is we'll never get in trouble as users doing it. The problem is the payment processors that convert Bitcoin to USD. That's what the Feds will target. That's why I think it will be a fad because if it actually grows to any significant level the Feds will put the hammer down. Definitely feels like money laundering to me, lol.

 

[KingofNicotine]

What is the best place that lets you buy bitcoins with a credit card?