Have you heard about bitcoins? Bitcoins are a decentralized peer-to-peer currency that doesn't rely on traditional banks and doesn't represent any commodity. |
It is a form of digital cash that has been around since 2009, has shown some impressive signs of growth as it strengthens against the dollar and fuels a resurgence in online gambling.
Online gambling has been a major legal issue for years, but the biggest development in the debate so far is Bitcoin, the unregulated online currency. It is popping up in a lot of online games and it’s effectively circumventing laws that have kept online casinos from really exploding.
The reason online gambling sites are turning to Bitcoin is because it lacks government regulation. That's why the increasing popularity of the bitcoin has lead to the rise of many bitcoin casino operators.
With no government ties, Bitcoin is used to buy everything. Theoretically, millions of dollars are being kept in the digital currency, and it's increasingly being used by specialized online gambling websites.
With the advent of Bitcoin as the ultimate casino chip, provably fair gaming has arrived for the public. Bitcoin Dice, Bitcoin Poker and tons of games are just a click of the mouse away.
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