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The D and Golden Gate to accept Bitcoin now

Discussion in 'Misc. Vegas Chat' started by dfalk, Jan 21, 2014.

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  1. dfalk

    dfalk VIP Whale

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    Thought this was pretty interesting. The D and Golden Gate will now accept Bitcoin at the front desk, gift shops, and 2 restaurants.

    Anyone into this whole Bitcoin thing? I'm really kicking myself in the ass for not paying more attention to it. In early 2011 you could buy a coin for under a dollar, today that same coin is worth $824
     
  2. savage810

    savage810 Low-Roller

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    That value grew simply because of speculators. Stay far, far, away.

    :beer:
     
  3. themightydude

    themightydude High-Roller

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    I missed the bitcoin train..didn't get my stuff rolling before the difficulty level got to high.

    However I have started mining doge coins. Kind of started off as a joke at first, and may never amount to anything, but just in case this gets hyped up, I'd like to be ready.
     
  4. smartone

    smartone VIP Whale

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    I agree 100%:peace:
     
  5. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I'll ask ..... what's a doge coin?
     
  6. themightydude

    themightydude High-Roller

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    A doge coin is basically another type of bitcoin. There's several other coins as well.
    http://coinmarketcap.com/

    It's really kind of a joke almost the way it was made and the marketing behind it. You'll see sayings like "Much Profit" "Many coins" "much wow" etc etc, but its gotten to the point where it's taken off in some online communities such as reddit and the price has doubled and tripled and is still going up.

    It's only worth about $.002 / coin right now which doesn't seem like much, but there are several people out there that are buying these coins. If the market gets just high enough there's a chance that you could in turn cash in the coins for real $$$.
     
  7. swuulumm

    swuulumm Low-Roller

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    i got onto the btc train roughly a year ago...

    however, i did not invest; but offered services which customers could pay in btc...
    gets you a new crowd of people in :) and at least the people i had contact with were willing to pay a nice chunk more for the 'inconvience' of btcs...
     
  8. DReynolds86

    DReynolds86 Come On, You Blues!

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    BitCoin is the new Iraqi Dinar.
     
  9. TheCanoe

    TheCanoe Low-Roller

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    I think I guess everyone's age itt pretty closely :)

    I'm on the BTC train, and not getting off anytime soon
     
  10. woodsie

    woodsie High-Roller

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    Partly, or even mostly, but definitely not simply. There is real value in the protocol. It may not be the $900 per coin that they are going for now but it's real nonetheless and it's growing.

    The speculative aspect of Bitcoin is blinding both skeptics and speculators from the true promise of this radical experiment.
     
  11. owenmc60

    owenmc60 Low-Roller

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    I think it's real advantage is being able to send money anywhere in the world, without fee's in <10mins. I think if it can corner even a small segment of that market then its value will be worth alot more than the c$900 its valued at now!

    It will also gain traction as a payment system during 2014 and this will undoubetedly have Visa and Mastercard (and other middlemen) scared as they'll be losing out on their highly lucretive fees!

    my 2c, or if you will, 2p :evillaugh
     
  12. paperposter

    paperposter VIP Whale

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  13. bardolator

    bardolator Lifelong Low Roller

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    This fact was also reported yesterday in USA Today.

    Sort of scary.
     
  14. joshrocker

    joshrocker VIP Whale

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    I'm still surprised by the acceptance of bit coin in more and more mainstream places. Bitcoin doesn't have a long future (like real paper money has). Governments are starting to ban it and other governments are starting to look more closely at it. Although I do find it somewhat hilarious that a government thinks it can step in and tell people that they are aren't allowed to use certain "trade".

    The tech geek inside me smiled when I saw the acceptance of Bitcoin downtown but we'll see how much farther it goes.
     
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