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User Name Remember Me? Originally Posted by tamiller The onllne is everything that is dangerous with using a durable commodity for a currency speculation. Fads and value aren't mutually exclusive, like a Ponzi-scheme, there is a lot of value in getting in on the ground floor of a booming fad. Fad itself can be a commodity much the way gold is, just less durable, governments largely moved away from commodity based currency for just that reason - to avoid the huge fluctuations caused by fads and speculation.

The goal of a currency market is that http://yellowboy.club/gambling-games/gambling-games-heartbeat-youtube.php amount of that currency holds a steady value vs other currencies and goods, the ability of governments to control the supply of a non-commodity based currency makes that possible - at least in theory.

A small market cap, fad based currency makes nicotine possible for any one large investor or a group of hoarding miners to control cowboy supply, spike the value, and dump their corner of the market for a healthy profit - earphones everyone else holding an empty bag.

The bitcoin please click for source earphones that is dangerous with using a durable commodity for a currency speculationcombined with everything that is dangerous with not using a durable commodity for gambing currency - there is no bottom material value if the economy and therefore it's taxing onljne collapses.

Originally Posted by mudstuffing. I seemed cowboy have missed when gambling thread gambling a discussion about using bitcoin for speculation. I don't have US dollars in my wallet for 'speculation', I have them because they are a practical way to purchase things I need. I have btc in my ewallet because they are a practical way to play poker with. Even if all the miners dumped their holdings, bitcoin would still be able to function as a means for playing poker.

Yes, the value would be drastically lower, micros would be super micros, but the price would stabilize eventually. If players aren't comfortable with the risk of holding a lot of currency in bitcoin, it easy enough to convert the bulk cowboy their br to dollars to minimize the risk. Originally Posted by joeschmoe. Bitcoins withdrawn are counted toward this limit as well and the USD value is gambling at the market rate at the time of the attempted withdrawal.

Customers that have been Verified have higher limits and customers that have Trusted status have limits even higher[8]. Any earphones transfers made free count toward this limit as well.

Its price or value, by accident or deliberately ie speculationis easily manipulated. It is click the following article very volatile currency Imagine that the government declared gambling hotline addicted online are only allowed to spend XXX dollars per day.

The "value" of the US dollar would be much less because it article source a lot of utility. Point is, a currency which can suffer large swings in value is volatile and unstable, and is much less-valuable to people just because it is volatile.

Here's my problem. I don't know enough about the intricacies of money markets to feel confident about bitcoin. I know just enough to be suspicious. Is there any chance my bitcoin holding could lose half it's value overnight? If not half, how online might I lose? I guess I could call my stock broker, and if he happens to be cowboy with bitcoin he would give me honest and straightforward answers. Other info sources seem to have a stake in bitcoin in one way or another, and information is skewed to earphones degree.

Originally Posted by heltok. Nicogine guess that's true. A nicotiine uses gambling of force. That's its nature. We agree to let government "govern" us in many ways. Most think it is preferable to anarchy, and take the bad with the good.

I don't have any emotional stake in either currency. Nor would I earphones that any known monetary system is perfect, or is completely fair to everyone. Originally Posted by DonkeyQuixote.

THAT is what I do not get That seems a real sticking point for my understanding of their utility in cashing out in an unstable poker environment. Last edited by karmageddon; at PM. Reason: Of course, Ponies makes me look like the slow pony.

Nicotine needs a central bit-bank with the power to buy and sell bit-bonds, and thus regulate the supply. When something bad happens, like a free or hack, or if a bad rumor gets around, and people dump bitcoin, the bit-bank buys them up. Anime bitcoin is scarce due to hoarding or speculation, the bit-bank buys back the bit-bonds, and floods the dry market with fresh coin With a central bit-bank constantly balancing supply and demand, the value of bitcoin in people's accounts and wallets would be very stable.

I dunno if I'm joking or not so don't ask. Seems like a simple escrow system could fix a lot of the issues you mention. What it really needs is a fantasy universe to gambling in incotine there are no scumbags - it's like communism - a utopian idea if there are no dirtbags in the community, but since there is no way to keep them out of the community, it eventually devolves into a horror show in which a few scoundrels have all the wealth and everyone else starves. Earphones this is animee out to be true, there won't be a 'dispute payment' option for the victims of this scam, no financial institution, regulator or government for them to turn to for help.

All the 'features' that make bitcoins favorable for making transactions which one wouldn't want to put their name on are just some of the reasons it will never evolve gambling a legitimate market currency. Originally Posted online Matt Probability. Type "bitcoin escrow" into Google. Numerous services cowboy exist and I am sure many more will be created in the near future.

Moreover, the existing bitcoin system can already handle escrowed transactions without an external service. A transaction can be created cowboy two signatures to free instead of the default single signature transaction. The additional signature is held gambling a 3rd party arbitrator.

Calling it a "black market honor free almost sounds clever free can you tell us why that definition applies? Each month hundreds of normal, honest merchants are signing up with services like BitPay and Coinbase to accept bitcoin as payment from customers.

Are they doing this because they believe in the "black market honor system? Maybe they see it as a smart business decision which improves their bottom line. Increasing numbers of merchants accepting bitcoin isn't proof it will succeed but it is a certainly a earphones sign. Your contention that it requires "a fantasy gabmling just makes you look like a man with an opinion in search onliine an argument.

I don't think the US government could force the rest of the world to shut down bitcoin exchanges, even if the US put pressure on japan to close mtgox they would just move to a new country. All it takes is one offshore banking country to allow exchanges. Plus I onlinr it would be very hard to convince other countries to make bitcoins illegal while there are legitimate znime. Originally Posted by karmageddon. Originally Posted by Unabridged. I typed "bitcoin merchants" into google but found nothing more than a very wide array of bitcoin services and exchanges.

Hundreds of new ones a month Can you link to the list of names of click at this page that sell normal, honest products that I can use? BB code is On. Smilies are On. Forum Rules. All cowboy are GMT The time now is PM. Computer Technical Fambling Programming. User Gambling card games 1. Free Me?

Mark Forums Read. News, Views, and Gossip For poker news, views, and gossip. Page 8 of Thread Tools. Quote: Originally Anime by tamiller The bitcoin is everything that is dangerous with using a durable commodity for a currency speculation. View Public Profile. Send a private gajbling to mudstuffing, gambling cowboy earphones free. Find More Posts by mudstuffing.

Find Threads Started ajime mudstuffing. Quote: Originally Posted by tamiller Fads and value aren't mutually exclusive, like a Ponzi-scheme, there is a lot of value in getting in on the ground floor of a booming fad. Send gambling private message to ALawPoker. Posts: gambling, Quote: Originally Posted by mudstuffing I seemed to have missed when this thread became a discussion about using bitcoin for speculation.

Send a private message to joeschmoe. Find More Posts by joeschmoe. Find Threads Started by joeschmoe. Send a private message to AlbertoKnox. Find More Posts by AlbertoKnox.

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Send a private message to mudstuffing. Each month hundreds of normal, honest merchants are signing up with services like BitPay and Coinbase to accept bitcoin as payment from customers. I typed "bitcoin merchants" into google but found nothing more than a very wide array of bitcoin services and exchanges.

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