Wednesday, September 26, 2012

why I play for bitcoins

Bitcoin is a new technology that I would describe as a magical way to move money around. You can do your own research for a more technical explanation.

Before my divorce I read something and invested a small amount, to try it out. I won a sports bet, then managed to grind my little bankroll of 3 bitcoins up to 58 bitcoins, during the last month living with my wife while we weren't really talking to each other.

Since then I've gotten it as high as 106 bitcoins, before I got into trouble against the veganhippie, down to 90 bitcoins and now up to 98.56.

I enjoy grinding bitcoins. The ecosystem is small, but there's a more vibrant feel to it than to the US dollar websites. (Bitcoin has been steadily gaining value. People who own bitcoins are probably less likely to be affected by a decline in the mainstream economy. There are no complications depositing and withdrawing that weed it down to only serious players.)

I like playing HU and short-handed, so there's enough action for me to make it my primary grind. I don't need a million tables or a big tournament schedule.

I don't have many expenses anyways, basically just food, gas, and litter for my cat. (And I really don't even NEED gas, I can just stay parked for a few days if I'm running bad. And I can let the cat crap on the floor if it was really that urgent.) What's most important to me is that my money is safe and that I can quickly withdraw it when I want it.

I also have a gut feeling that the value of bitcoins will continue going up.

So that's why I play poker for bitcoins. If anyone reading this blog ever needs help exchanging in and out of bitcoins, don't hesitate to let me know.

I also play on the Merge and Revolution networks, but I find myself putting less time, money, and concentration into them.  Why do I want to play against nits for a declining currency that's a hassle to withdraw?  I'm also getting sick of being moved to a new skin or even a new network whenever the sites jumble themselves around to be able to keep skirting the law or what have you.

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