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Author Topic: So imagine if a gambling establishment accepted bitcoin and gave you chips but..  (Read 753 times)
notig
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April 21, 2013, 04:23:23 AM
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tied your chips to the value of the dollar. In other words........ say you wanted to gamble with 200 dollars. You could deposit 200 at a gambling casino and they would issue you chips worth 200 dollars. At any point you could exchange the chips for 200 dollars worth of bitcoin (which could be more or less bitcoins than you initially deposited)

do you think it would be too much risk to the casino to do this? They could somehow use coinbase to do it. When you deposited they would convert your bitcoins into currency and simply by back when you cashed out. That would be like a 2-3% charge if they did that.
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April 21, 2013, 07:03:12 AM
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Strike Sapphire and some others do this.

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April 21, 2013, 07:06:30 AM
 #3

Why not just run some tables on BTC and others on fiat? The exchange portion doesn't seem to make much sense - i.e. bring whatever you like, BTC or fiat.

If I wanted to gamble in BTC, I'd want to receive BTC when I won. Same if I were gambling in fiat.

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