2013-08-18 Why bitcoin has a firm foothold in the online gambling world

[patricktim]

http://www.coindesk.com/the-wild-world-of-bitcoins-and-gambling/

Bitcoins as chips?

When the conventional gambler walks onto a casino floor to play table games, that person has to convert their money into chips in order to play. This element of traditional casinos is a mental component that is likely constructed to make a gambler spend more since chips bear less resemblance to cash. One would think, considering the rise of bitcoin-based gambling, that the same element is in play as well.