Bitcoin was founded on the principle of peer to peer sound money, and the bypassing of a trusted third party for transactions being exchange for services or goods etc.
Most notably, Bitcoin is able to pass from hand to hand irrespective of a central government, in accordance with the country the user resides, and without the consent or governance of a bank and their sending and or tracking systems. The lack of oversight from “trusted” third parties allows for unregulated entrepreneurship, innovation, gaming and potentially illicit activity in the case of “Silk Road” and otherwise.
One of the most diverse and exciting examples of this is the gambling industry powered by blockchain and cryptocurrency. Bitcoin is by far the most popular currency used in crypto gambling, but many altcoins are used as well. As such, the online casino market has become very hot recently worldwide. Due to the gambling restrictions in the United States, many of these online casinos are unavailable to residents. However, there are a few that allow domestic users and even act as a faucet for users! Faucets provide infinitesimally small amounts of crypto to users to bet with and get started playing. These small fractions of Bitcoin, Bitcoin SV or Bitcoin Cash are called Satoshi. In many of the gambling interfaces online, the Satoshi are the chips that anonymous players bet with.
One particular gambling website has gained rapid popularity over the last few months. Blockchain.poker is a virtual Texas Hold’em casino, where anonymous players may bet BTC, BCH and BSV for real cryptocurrency winnings or conversely losses. Crypto notables have live-streamed their games recently. Among them, Charlie Lee, creator and director of the board for Litecoin who hosts the live stream. The private game also features: Charlie Shrem, Brock Pierce, Peter McCormack and others and is live every Friday night for the foreseeable future.
Within the site itself, you can make an anonymous profile, to keep track of statistics, winnings, account balances and more. While there are withdrawal minimums and fees if it is done in BTC you can withdraw currency at anytime to an exterior wallet per the user’s choice. The interface is nice, allowing users to play in many lobbies choosing from low to high stakes, and even creating private tables to play with online anonymous friends or people you know under pseudonyms.
