BitCoin Poker – Is It Really a Thing?

It’s strange for an old-school guy like me to think that a virtual currency is being used to play poker.

I’m used to using what I’d consider traditional payment methods to fund my own action – cash, credit cards, and eWallets. A few months ago, I couldn’t have told you what BitCoin is if you’d sat down and patiently explained it to me for an hour first.

BitCoin poker is, really, a thing. A few poker rooms and other gambling sites are now accepting BitCoin as a payment method.

So what is it? And how is it being used to fund online poker accounts?

What Is BitCoin?
Bitcoin is a virtual currency invented in the year 2008 by a person going by the pseudonym “Satoshi Nakamoto.” The first mention of the currency was in a document sent to a cryptography mailing list made up of just a few people. Not much is known about the person (or people) behind the pseudonym, and they left the project altogether in 2010.

It’s interesting that the project was first mentioned among a small group of cryptographers – BitCoin was invented to exist without the need for a financial middle man. Taking banks and fragile world governments out of the equation produces a more stable and equitable currency, and it means that BTC (the currency’s acronym) are immune from seizure or asset freezing. Or so the theory goes.

So what is a BitCoin? You can’t hold one in your hand, in the traditional sense. It exists in the same way that an email exists – stored in a digital cloud. One important thing to note, for those of us used to fiat money, there is no FDIC or other insurance for your BTC.

Why Use BitCoin?
Here are some popular reasons suggested by blogs and message board posts:

BTC is crypto-currency, which means using it is completely private and anonymous.
Yes, transactions are recorded in a public log, for accountability purposes, but names of people involved in transactions are kept secret, hidden behind a generic wallet ID. There’s a dark side to this – goods can be bought or sold online and authorities can’t easily trace the people involved. That means lots of people are participating in illicit activity (see the story of The Silk Road for a perfect example) using this currency.

BTC allows you total control of your money.
Its value can’t be manipulated by any outside entity. Essentially, using BTC turns you into your own bank. The currency’s lack of physical production costs and non-existent need for storage makes it even easier to handle at the end-user level.

Big companies are bringing it into the mainstream.
BTC wasn’t well known until 2011, when the mainstream press got word of its early and rabid adoption by the Technorati. Now, thousands of businesses all over the world accept it as a mainstream payment method, including some surprisingly big names. You can buy your next Dell laptop with BTC, or shop for a cheaper alternative at Overstock.com. Cities saturated with tech geeks now have ATMs where you can exchange cash for BTC, and the other way around.

How Does BitCoin Poker Work?
The reason BitCoin struck me as so strange initially was simple – I am used to traditional (known as “fiat”) currency. So is everyone reading this – it’s what we’re used to, so any alternative feels a little strange.

The first thing a poker player who wants to use BTC needs to do is exchange their native currency for their new virtual currency.

The popular method of purchasing BitCoin is to deal with an exchange or brokerage. Exchanges are places where buyers and sellers are matched based on their bid criteria, while brokerages hoard large collections of BTC that they sell on-demand at a variable rate.

Exchanges and brokerages are pretty much identical for the end-user. It literally takes a minute or two to complete the transaction.

The BTC are then transferred to you through your unique Bitcoin wallet ID. Think of it as a hyper-focused email address for virtual currency. What’s neat about that is you can send money to anyone in the world using BTC, the same way you can send an email across the globe in a second.

Your wallet ID (BTC address) will be a randomized string of letters and numbers, anywhere from 27–34 characters long. That wallet ID is also the place buyers will send cash – which makes the whole email address analogy easier to understand. BitCoins can be sent or received from anywhere, or even sold among friends or in person.

Now that you’ve got your currency in your virtual wallet, it’s time to transfer it to the poker room of your choice. After confirming that the room you want to play at accepts BitCoin, simply send the appropriate amount to their wallet ID. It takes anywhere from a few minutes to a few hours for the BTC to appear in the receiving account.

As an added bonus for poker players, transferring with BTC is totally free, thanks to the virtual nature of the currency. It costs nothing to send and receive virtual money, so you shouldn’t expect any additional transfer fees from your poker room’s cashier department.

Types of Wood Siding Available for Homeowners

When building your home, even the smallest decision could make a world of difference in what it ultimately looks like. This is also true when undertaking an exterior redesign project. Siding, among other key characteristics, is one of those big decisions that could entirely alter your home’s exterior appeal based on your decision.
Although plastic siding has become a popular option in recent years due to pricing, traditional wood siding remains the preference for many homeowners. This is because wood siding offers customers numerous benefits over their plastic counterparts. Benefits include:

• Wood siding is eco-friendlier than plastic

• Wood is more aesthetically appealing

• Many types of wood are naturally resistant to mold, mildew, and rot, which allows the home owner less maintenance

• Wood lasts longer

• …And much more

One of the main benefits is that wood naturally takes to paint, stains, and other decorative options incredibly well. Plastic, on the other hand, often must be crafted in the customer’s color choice – meaning that options are limited. Once decided upon a type of wood siding, however, you can then choose any type of finish. Whether you want to paint your home the colors of the rainbow, or opt for a natural dark wood stain, anything is possible. Below we look at four of the most commonly used types of siding available: board and batten siding, bevel, tongue and groove, and lap siding. Each has their own aesthetic appeal so that there is something for every person’s unique tastes.

Board and Batten Siding

Board and batten siding is a vertical design created by using two different sized boards. The wider boards are set beneath, while the narrower boards are placed atop the joins. These narrower boards are called ‘battens.’ There are no set widths, so homeowners can choose their preference. The most commonly used measurements, however, are 1 inch by 3 inch battens placed over 1 inch by 10 inch boards.

Bevel Siding

Bevel siding is the most commonly used siding. Installed horizontally, boards are cut at an angle so that one side is thicker than the others. This creates a shingle effect, or the appearance that the boards are overlapping one another. Tongue and Groove Siding Tongue and groove siding is incredibly versatile. Available in both rough and smooth board finishes, it is fitted together tightly to give a sleek appearance. It can be installed in any direction, which does not only include horizontal and vertical, but also diagonal.

Lap Siding

Lap Siding is also known as Channel siding. This siding is very versatile, with installation capabilities for any direction (like the above tongue and groove siding). This unique siding features boards which partially overlap one another, and the ultimate results are a rustic appearance like those of a hunting cabin. If you’re interested in learning even more about wood siding -including less commonly used types available – you can contact your local siding specialist or construction expert. They will be able to give you more detailed information, including a price estimate for your area.

Be A Clean, Green Shopping Machine

For many years, the economy in Australia consisted of products made by the people who lived here. Like many countries, goods and services have slowly been moving off shore due to cheaper employment and raw material costs in other countries. Today the market in Australia is flooded with products that come from all over the world. This has been great in some ways (cheap Japanese cars and out-of-season fruit, to name but a few) and the cheaper prices have made some purchases a lot easier on the pocket. In other ways it has been detrimental with local businesses being closed and a significant portion of manufacturing being moved overseas. We hear a lot about supporting local but what are the reasons for buying Australian-made compared to a (sometimes cheaper) import?
As a shopper, you might like to think of your purchases as a vote for what you consider appropriate behavior from the store you are buying from. If you think it’s reprehensible to test on animals (let’s face it, it is) then you wouldn’t buy from a store that doesn’t have a strong stance on this subject. If more people feel like you do and stop buying these types of products, the industry will listen and your ‘vote’ will help create a greener, cleaner, friendlier shopping environment – as you can see from the number of green and organic products beginning to surface today – a good sign consumers are moving in a positive direction!

After you’ve set your own moral compass for shopping you should consider adding supporting local business onto your list of requirements. If local businesses flourish, so will the local economy. Yes, buying local can cost a few extra dollars in some cases, but often the extra investment can purchase a product that’s made out of higher quality materials that will last a lot longer than their cheaper counterpart.

You may also want to consider supporting local when it comes to fruit and vegetable shopping. This will mean only buying seasonal fruit when it’s actually in season. Also, think of the cost and environmental impact of importing consumables like fruit and vegetables. If you’re buying off a local farmer, your goods have used less fuel to reach you and will often be much fresher.

Another green shopping method is buying items that are handmade. They can be more labour-intensive than mass-produced imports, but this often means they will be better quality, lasting you longer and lengthening the time before replacement is needed. This effectively reduces the cost in the long run anyway. For example, a craftsperson spends time honing their skills to make a handmade product. The process starts from ground zero and is completed with patience and practice. Only the best materials are used and a learned tradesperson has the know-how from years of experience, to create a long-wearing work of art.

Finally, try to source natural and organic products where you can. Shop for clothes that are made out of natural fabrics and beauty products that are organic and cruelty-free. Your purchasing decision will encourage slow-fashion companies that use natural, non-polluting fibers for manufacturing their clothing items. In making these choices, you can diminish the poor-quality clothes (or throwaway fashion) that are made out of synthetic fibers, which are bad for the environment and your health.

The same goes for beauty products. There are many local companies that manufacture organic, eco-friendly, and cruelty-free products, which are much better than the ones that are mass-produced and contain a wide range of chemical and toxic components. Organic products are great for your skin and body, are entirely safe to use from all points of view, and are not tested on animals, which means that they don’t have to suffer in the name of biped beauty. With this information in mind, we encourage you to go forth young grasshopper and become a sustainable shopper!