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Thread: Bit coins?

  1. 07-25-2011, 06:21 PM #1
    Zab
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    Bit coins?

    All the rave lately..

    Anyone have any interest in these?

    I.E. if I made it so you could redeem points for bit coins?

    What if i made a poker client with nothing but bit coins?

    Any interest?
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s
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  2. 07-25-2011, 06:30 PM #2
    ProBlackbird
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    So you paid like 1000 PO points for like 10000 bit coins, or how would it like to be?
    PokerStars: ProBlackbird | Betsson: ProBlackbird | Party Poker: UnknownFlush
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  3. 07-25-2011, 06:31 PM #3
    gefishy
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    I have no idea what BitCoins are but once I do some research on the whole thing, I'll get back to you. Looks like a digital currency in a pure form. Is there a quick FAQ resource that seems useful that you may know about?

    Quote Originally Posted by Zab View Post
    All the rave lately..

    Anyone have any interest in these?

    I.E. if I made it so you could redeem points for bit coins?

    What if i made a poker client with nothing but bit coins?

    Any interest?
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  4. 07-26-2011, 01:58 PM #4
    Tiarra
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    I would definitely do trades and play for bitcoins. The going rate now fluctuates around $13-$15 per bitcoin.
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  5. 07-26-2011, 02:04 PM #5
    gametime74
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    i am interested as well depending on the trade value of these coins..how can i get more info on these coins..tx
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  6. 07-26-2011, 02:14 PM #6
    watte29
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    Can anybody exactly explain what Bit coins are ?
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  7. 07-26-2011, 03:14 PM #7
    Zab
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    Quote Originally Posted by watte29 View Post
    Can anybody exactly explain what Bit coins are ?
    Some new virtual currency.

    If there is interest, i'll see about getting it for redemptions
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s
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  8. 07-26-2011, 03:58 PM #8
    Tiarra
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    BitCoins are a peer-to-peer currency, so since there is no bank or no underlying institution to guarantee them, the funds cannot be confiscated or frozen, ever. You can also set up an acct completely anonymously to avoid taxes, reporting transactions, etc. Great for anarchists and those that want to operate outside of what can be controlled. Remember though that with no underlying guarantor, they are only as valuable as the market dictates. Currently you can buy lots of stuff with Bitcoins, but the value could plummet quickly due to speculators or some unforseen anomoly. Be careful before you sell your house for bitcoins, but I am looking to dabble because they sound, well really cool!
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  9. 07-26-2011, 06:13 PM #9
    Tiarra
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    Interview with one of the "founders" of the the revolution.

    BitCoin: The Future of Currency - CBS News Video
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  10. 07-26-2011, 07:58 PM #10
    defaulted
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    just so yas know, i do a lot with bitcoins (it's sort of like dealing with stocks) .. the coins fluctuate in value.. ie: 1 bit coin right now is worth like $16 USD i think.. they also have surveys and stuff on their website to get bitcoins... neat little concept and it seems like it is booming
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