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Author Topic: China changing the the online gambling world of Bitcoin?  (Read 329 times)
darknetmarkets.co
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January 29, 2017, 10:53:03 PM
 #1

As a mining player, will China revolutionize bitcoin gambling or shut it down? Read more: https://bitcoincasinos.reviews/mit-announces-china-main-bitcoin-mining-player/

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HabBear
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January 30, 2017, 05:55:01 AM
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This article has nothing to do with "online gambling". In fact, those two words don't appear anywhere in this article.

That said, the article is still interesting but probably not news for anyone. The conference this talk occurred at is legit - sponsored by a large global investment bank. They talk about the increasing price of bitcoin as an important factor in keeping miners at the table, which in turn keeps the blockchain "protected". I get the sense the journalist doesn't really now how the blockchain's integrity is maintained. To my knowledge the number of miners has nothing to do with it.

Then the article talks about the risk China brings to bitcoin since they're responsible for a majority of mining activity, particularly in the Sichuan province.

Here's the book report the OP should have given us...still not sure where he got online gambling from.

darknetmarkets.co
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January 30, 2017, 09:16:30 PM
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Points taken. Appreciate you reading.

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tetrisbattle
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March 02, 2017, 10:41:57 AM
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it wont disrupt any online gambling
nowadays people using bitcoin to gambling as shown now have many gambling website that accept btc
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March 02, 2017, 11:59:27 AM
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In almost all countries of the world, bitcoin is not considered as a means of payment and means of the casino which accepts bets in bitcoins are not considered gambling, and therefore does not violate the laws and save on taxes. This theme will grow or governments will have to accept bitcoin.
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