A series on BitCoins - The BitCoin Casinos

Ever wondered why the value of BitCoins is on the raise ? What had been bought for a few dollars demands a several thousands now ?

If you have the above question like I did, read, comment and re-steem. Overwhelm me with your response for reads like this.

I started my day randomly googling things about bitcoins. Here, I thought that I would speak on the Casinos that use Bitcoins. However, for the fellas from US, it’s illegal and yet, a considerable US user base is travelling to these BitCoin Casinos.

What could have made this Casinos choose BitCoin currency ?

Most of us are behind money and most of all who have chosen the illegal money. As a casino, they care about their profit and very rarely that they bother about their client’s business. For ages, Casinos are a well-known place for those villains, gangsters and hackers (References from Hollywood Lol😊) . So, the key thing here is ‘I need the damn money and make it damn silent’. Only to answer these two damn needs, BitCoin stood against the odds at Casinos. BitCoins’s biggest popularity is its anonymity and by the way, even the founder of the BitCoin is anonymous (Not ‘The Anonymous’ anonymous LoL 😊).

How these Casinos pay ?

These Casinos either pays a partial amount in dollar currency and the rest in BitCoins or pay it full in Bitcoins.

What are the challenges for these Casinos ?

Oh I almost forgot, when we talk about BitCoin Casinos, these are only online casinos. And when we talk of online, the fairness of its operation is put to question. Normally these casinos either develop their own software or buy it from a vendor. And to prove how fair that they are, some of the casinos even keep their gaming software logic open. The challenge here is to get an even larger crowd to keep the trust in the system and once they gather even more, BitCoin will become a big guy. That’s just a matter of time.

The Punch Line :

Value of a currency is all about its demand and the corpus. Think of all the money (accounted and unaccounted) that the gamblers roll on. The Corpus is huge and so will be the demand. Good day!