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The next big market is clearly online gambling. People begging B&M stores to take bitcoins is a complete waste of time. Nobody who doesn't have bitcoins is going to think that they should get some in order to do something that could be done just as easily with dollars. When it comes to online gambling and other black/gray market things, the features of anonymity and decentralization have a clear and significant benefit to anyone involved.

I meant that this is the first real money site that takes bitcoins and US players, which is the important part. Taking bitcoins obv won't make the site huge, but they will show the bigger sites that bitcoins are a legit way of processing payments for online gambling. It could lead to either the other sites realizing how useful bitcoins are or players realizing how useful they are and demanding that other sites start taking them. If this site can be cashing out people in 30 mins to bitcoin while every other US site is taking 2+ weeks, people will notice and learn about bitcoin quickly.

Taking bitcoins only for US players but standard methods for the rest of the world is huge. It basically ensures that us players dont have their money stolen from the govt on the way to the poker site like full tilt. This is the first gambling site that takes standard money and bitcoin, which gives it great potential for getting a bunch of new people into bitcoin. There is also the fact that they're going to be able to cashout US player in bitcoins in a few hours, while every other site taking US players is taking 2+ weeks to send a check that might bounce. The potential for bitcoin in online gambling in the us is insane. Every bitcoin gambling site should be pretty happy right now knowing that in the next few months there could be a bunch of new bitcoin users who are gamblers showing up.

I don't think victor needs to use a bunch of shill accounts. There are clearly more than enough morons on this forum to deposit into any scam that shows up.

He could be going for a bigger scam
He could have run a successful ponzi pass thru by depositing and getting out in time
He could just be taking everyones money and betting it on satoshi dice and got lucky

The fact that he paid out does not make this a good investment.

Investing in a ponzi is marginally unethical at best. The bad guys are the scumbags who invest and are shilling for something that they know is a ponzi.

Also patricks thread clearly has no business being stickyed. His credit ratings are completely worthless and based on almost nothing other than the fact that they people are still paying out. Stickying that thread gives it legitimacy that it doesn't deserve.

BurtW shilling until the very end. Do the other shills have as much heart?

The micon system: jump off a cliff with a parachute and hope it works
The psy system: jump off a cliff with no parachute and hope pirate catches him (he says he can so that's good enough for you)

The clipse system: http://en.wikipedia.org/wiki/Moving_the_goalposts

If half the world were using bitcoin everyday we would be living in a completely different world so those numbers are meaningless. That world would likely have vastly superior technology. If bitcoin breaks because its too popular/useful thats a good thing. Bitcoin2 will fix the issues and we will be better off in the long run.

You should have gambling built into some of the wallet apps.
Bet [   ] to win [    ] at satoshidice
click ok + yes
Have the address built into the program so that people who are completely clueless about bitcoin can gamble without messing anything up. Such an easy way to gamble online doesn't exist right now so this could definitely bring in a bunch of new people to the bitcoin world if advertised properly.

Dropped price down to 6 BTC

Thats Diablo 3 + Diablo 2 & the expansion on the account.

The importance of decentralization is that we can always withdraw from gox or in the future a bitcoin bank account and store the bitcoins in our own personal wallets where we can use them anonymously and safely secure them without anyone else having access to them. However, we lose a lot of convenience doing this so I would expect the majority of bitcoins to be held in some kind of centralized service in the future.

It is not illegal to play poker online in the us. It is illegal for banks to fund transactions to online gambling sites. There are several thousand people from the us currently playing at merge/everleaf/bodog for real money right now.

Bitcoin as a deposit/withdrawal method for a US player site would be a huge deal. Deposits for a non US site is not really a big deal since non us players don't have problems depositing. Maybe if ipoker does it some US sites will do it so it would still be a good thing.

It would be a much bigger deal if they took US players. Euro players have little reason to use bitcoin over standard deposit methods. US players don't have standard deposit methods available.

Some of the skins have their own cash out options that other skins don't have so they must have some control over deposits.

With the UIGEA of a few years ago and the shutdown of the 3 largest US serving poker sites earlier this year, the situation for US players is pretty terrible. It currently takes 2 weeks - 2 months or more to cash out of a poker site and it is very costly and risky for the sites as they risk having payment processors shut down and their funds stolen by the US government. The sites out there could pretty easily use bitcoins as a cashout method without even having to speculate in the price of bitcoins. They could just buy bitcoins on mtgox as a player cashes out while keeping the sites money in mtgox as USD. Being able to cash out players for a <1% fee vs the current cost of 20%+ would be good for the poker site. For the players, being able to quickly receive bitcoins would be a big improvement over the status quo. It seems that these 2 things would give a bitcoin using poker site a huge advantage over the other skins on the network.

Buying a poker skin on an existing network with thousands of players already playing would allow a site that has fast bitcoin cashouts to attract players who cash out frequently and are currently playing on other skins on the network. These players tend to play alot and generate tens of thousands of dollars of rake each year. If a poker site skin had bitcoin cashouts, they would likely have every high volume player who plays on that network playing on their site within a few months. Having your money out of a poker site almost instantly, as would be possible with bitcoins, would turn poker players into bitcoins believers pretty quickly.

Bitcoin deposits could also be accepted and converted to USD by the poker site, but withdrawals are a much bigger issue as high volume players aren't depositing very often and recreational players are less likely to know about bitcoins and be willing to use them.

Obviously a poker site using exclusively bitcoins would be ideal, but there aren't anywhere near enough people willing to play on a bitcoin only site. Integrating bitcoin into an existing USD site would be a pretty big step towards mainstream acceptance of bitcoins, for gambling at least.

Would gox or other exchanges be willing to take the business of a US serving poker site? Seems that this would draw alot of attention from the US govt if bitcoin became the primary way of cashing out and/or depositing onto poker sites for americans.

The largest network that serves US players is Merge @ http://www.mergegaming.com/.

Thats a lot of power being used, he should make sure his wiring can handle that.