Wednesday, April 3, 2013

Gambling with chips denominated in a "bubble" currency

With all the attention bitcoin has been receiving lately I thought I'd finally stick my toe in the water, possibly too late but not for a lot of money. From what I understand there is a wide variety of stuff you can buy with bitcoins. Recently a Porche was sold for 300 bitcoins.  

But where is the fun of buying something in bitcoin you could just as easily buy with cash? I decided to check out Seals with Clubs a bitcoin poker site that does not even require you to provide a name.

There's something especially interesting about playing when you feel like not only could your opponent river you at any moment but the value of the chips could plummet too. That said, many top crypto experts say that Bitcoin is here to stay so I enjoy the added risk.