align="right">Amidst nagging doubts, my bitcoin casino venture was like exploring the underworld. I had read about dark dealings with bitcoins especially the Silk Road case when bitcoins were stolen online. How does one steal something that does not exist?
My world of bitcoin satisfaction
Well, I gambled online with bitcoins in stimulating games like Bingo and Pai Gow Poker, both exciting card games that harked back to my school card games. My initial ecstasy did not depend upon winnings but participation alone. I identified myself with every gambler, past, present and future. I was yet learning the ropes. My social network had a few tips that instilled confidence and community feeling.
I had lost nothing even if I had not won much. The Wheel of Fortune favored me like many things in life. Some power deep inside convinced me that I could control the spin of that dramatic wheel. I willed it to stop at 99 and so it did, strangely enough! Bitcoins had blessed me yet again.
Is bitcoin a new currency?
With the estimate of $400 billion in November 2013, bitcoins are no small fry. In February 2014, bitcoins did $68 million in a single day’s business. Western Union does $225 million every day and Visa $19 billion each day! Slowly but surely, bitcoin ATMs are coming into existence starting with Vancouver, Canada. Subway accepts payments in bitcoins and why not? Satoshi Nakamoto’s whim has spread like a good virus hopefully. I never stopped wondering!
Future of bitcoin
In spite of qualms regarding legality and viability, bitcoins are here to stay. The advantages are a lucid freedom without supervising banks or statutory authorities. Person to person transfers should be good enough. We are doing that all the time like if I happened to buy your old car, for instance.
What do the laws say? Canada believes that bitcoins cannot be considered currency. Germany treats bitcoins as a foreign currency. Some in Argentina use bitcoins as an alternative currency. Is it possible that bitcoins could challenge existing currencies like the yen and the pound? Not likely but it could still touch the sky as a sensational new way to pay.
Where is the currency world heading to?
Exasperating multiple currencies pile up like a Tower of Babel that would hopefully reach the sky. Bitcoins open up thrilling new horizons. Currencies with problems may find bitcoins a feasible alternative. Gradual acceptance is bound to come sooner rather than later. I found nothing depraved about it. Did you?