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Author Topic: Macau, Vegas, Bitcoin?  (Read 691 times)
BitEnthusiast (OP)
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January 07, 2014, 01:27:25 PM
 #1

If you could gamble with bitcoin in Macau, and Vegas, what would a bitcoin be worth?
Qoheleth
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January 08, 2014, 12:28:15 AM
 #2

That depends. What is it about Macau or Vegas that makes gambling there different from gambling on a website?

Is it the environment? The dazzling world of chiming slots and clacking chips and physical balls spinning in physical wheels? The ability for people to window-shop at games, and sit down at ones that seem interesting? If that's the differentiating factor, then such deployment would mean that bitcoin would be used by people, and in ways, that it would not otherwise be used. Velocity increases, driven by use and usefulness, and thus, so too does valuation.

If it's just that Macau or Vegas is a place where gambling is permitted and trustworthy, well, there's online solutions to that already. Trust-free gambling for bitcoins is something people can do right now. So it'd only be relevant to the extent that Bitcoin's presence at such institutions increases its mindshare and people's impression of it as a "real" thing.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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January 08, 2014, 12:33:12 AM
 #3

Gamble with bitcoin? You mean buy or sell at the market? Wink
It would be cool though if there were rooms in Las Vegas where people could gambl.. krhm... trade bitcoin in a big room with a big screen with market data. All the degenerate gamblers could make their little graphs there and try to rationalize their habits by justification that all is predictable.. it really is Smiley
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