Bitcoins are a digital currency created in 2001 by Satoshi Nakamoto. It is based on open source software and P2P networks with no central authority or issuers. The coins are saved on your computer in a wallet file or in a third party wallet. They can be exchanged between anyone with a Bitcoins address. The database of transactions is spread across a peer to peer network. They also use digital signatures to ensure they are only spent once and by the person who owns them.
12/26: Ryan Eriquezzo, WSOP Circuit Champion, makes an inspirational return to the show as he nears the end of his self-imposed 6 month hiatus from poker. There is much to learn from this young poker star who is quickly proving to be wise beyond his years. [Visit Website] [Download MP3].
More exhaustive searching finally resulted in some success. We did find a place that would order us an e-giftcard for any 3 of the national pizza chains with our PayPal funds – but it was really hard to find!
12/21: Srslysirius Co-Host & Russ Hamilton Tracking. It’s not just SealsWithClubs bitcoin superstar bewertung poker every time – sometimes we have to tackle the big issues of the day, like why the f*** does Russ Hamilton own part of the Occidental Aruba poker room & sportsbook? And exactly how do you commission Srslysirius to do a jingle for your friend or business? Your answers to those burning Q’s + much much moar. [Visit Website] [Download MP3].
People want to hold their Bitcoins rather than spend them. Imagine that. People want to save. Admittedly, volatility makes future predictions difficult, which makes commerce difficult. But here’s the thing, people who understand monetary policy seem to prefer a volatile currency to an inflationary currency.
While the transactions are public the transactions themselves are psudeononymous. Many people who are concerned about privacy like to use Bitcoins for this reason.
12/19: Today on The Mental Game of Poker Podcast Jared interviews Phil Galfond, one of the top players in poker. Since Phil’s mental game is so strong, the interview focuses extensively on how he learns and improves his game. He is constantly questioning his game to find new ways to improve because he doesn’t see himself as talented as players like Tom Dwan or Viktor Blom. [Visit Website] [Download MP3].
This may seem strange, but bank transfers are the most easily traceable form of sending funds. When a bank account is set up ID’s, company documents and personal documents have to be presented in order to obtain a bank account. Although this is not a 100% guarantee that the business is legitimate, it does go a long way to giving you peace of mind. It also means that you can request your funds back through your own bank should anything go wrong.