I have 2 quick questions about the cvbj for ios. Is the install process similar to the demo that you had(adding it to the home screen and then running it from there)? I couldn't find details on the exact install process and I would like to know before purchasing.
Also does the application require an internet connection or use data to run?
Click a link to download and then Add to Home.
No Internet connection is required to run. It checks if you are connected. If so, it checks for an update. If not, it just runs.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
At the very heart of advantage play is dealing with variance. Bitcoin is not only a rather large addition (multiplication) to variance; it has more than a checkered reputation. Gun-running, drugs, assassins for sale – I think I’ll stick with dollars until their act is cleaned up. I've never run into a casino anywhere in the world that didn't accept U.S. currency, albeit not always at a good rate. Although, sometimes at a better rate than made sense. Besides, Mt. Gox is currently $111, an 85% loss in a few weeks.
Last edited by Norm; 02-20-2014 at 03:05 PM.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
Thanks for the reply Norm and I understand the decision. As a bitcoin enthusiast I can't let the Mt Gox reference go though
They've had issues as an organization for many months now and as such haven't been a valid reference for btc exchange rates for some time. The $ exchange rate is currently ~$580 on reputable working exchanges.
The fiasco at Gox has certainly dragged down rates as a whole in the short term, but not to the magnitude that the media is reporting. People that stored coins on Gox are affected by this issue, but anyone storing coins properly in their own wallet hasn't lost anything directly.
Also services like bit instant and coinbase can convert bitcoin purchases directly to US currency to eliminate exchange rate risk. This makes sense for some businesses, but I doubt adding an option to accept bitcoin would significantly increase your sales.
Anyways, sorry for the long tangent, and I'm not trying to convince you to accept the coins just wanted to clarify since the mt gox situation has been butchered by the media. Thanks for the assistance ill need to get paypal set up to purchase the software
Last edited by Pokerplayer; 02-20-2014 at 03:26 PM. Reason: Additional info/formatting
The media has not "butchered" anything. They merely reported what is happening. People need to know what can happen with unregulated currencies. Maybe Bitcoins, or some alternative, can work. But, people have the right to know what is going on. If a casino is ripping off people, either purposely, or because of mismanagement, the media should report on it and prospective customers should know. Same with alt-currencies. The variance in Bitcoins is obvious. If people want to deal with it, that's their choice. But, don't blame the media for giving us this information. If they didn't report on it, that would be an abrogation of their responsibility. When people are being arrested and people are losing investments, I want to know.
I'm not talking about the concept. I'm talking about the execution of the concept. Which is very poor, IMHO.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
The media has stated the price of bitcoin as the Mt. Gox spot price which has been grossly higher or lower than the fair market price for the past 8 months. Individuals haven't even been able to withdraw US dollars out of Mt. Gox for ~6 months and the media has just taken the Mt. Gox price as the standard value when other exchanges(that you can actually use to convert to US and send to your bank account) have all stayed relatively close to one another varying by maybe ten or twenty dollars at any given time. Now because the price on Gox is crashing and losing 80% of it's value they claim bitcoin is doomed. Meanwhile most news sources are failing to mention that bitcoins are still being bought and sold for $600 dollars on actually working exchanges.
Contrary to what the Media is trying to report Bitcoins aren't failing, Mt Gox is. Mt Gox isn't Bitcoins and Bitcoins arn't Mt Gox. This isn't a perfect analogy, but it would be similar to if you had $500 in chips at the MGM Grand and MGM went out of business. So now no one will accept your MGM chips(Mt Gox is probably going to announce that it doesn't have the bitcoins or fiat currency it says it does) and the media then reports that all casino chips are worthless. That's not the case because if you had $500 in Aria(Bitstamp) chips or $500 Ceasar's(BTC-E) Chips you could still redeem them for your $500. The problem is that individuals are keeping there fiat currency and btc's on central sites which isn't the only or most secure option. They are paying dearly for the counter party risk.
I'm not arguing that the currency isn't volatile, but the media is presenting the fate of Mt. Gox as the fate of bitcoin when that simply isn't the case.
1) They are probably not technically lying
2) Think about how you are supposed to expand on what they reported. What do the facts as reported make you believe?
3) The truth is the opposite of number 2 above.
4) Overlap the fact that they didn't technically lie with the idea that how you are expected to interpreted the facts as they were reported is the opposite of the truth of what they are reporting on.
5) Now you are on the track of the truth.
Looks like my rules for understanding the media hold true once again.
I have seen nothing in any of the major media outlets that approaches any reporting problems related to Bitcoins, technically or otherwise. "Blame the media" has become the byline when the facts don't match the desires of the reader. Bitcoins has serious problems. They are real -- not invented by "the media".
And, Bitcoins have fallen about 13% just today. Not Mt. Gox, Bitcoins in general. Maybe they'll go up tomorrow. But, please be careful what you post as we are part of "the media".
Last edited by Norm; 02-20-2014 at 09:07 PM.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
I own no bits that are considered currency. The problem with currencies is nothing backs the paper/coin and they keep printing more of almost all the world's currency. Those that have hopes for bitcoin believe the lack of the government spending what they don't have and that private enterprise, the Federal Reserve Bank, printing up money and lending it to the government will provide a more stable currency. The problem is how do you know more bits aren't being fabricated. You know people will try sooner or later. When that happens you have the same issues with bitcoin that it was trying to avoid or remedy. Perhaps it has already occurred. Bitcoins biggest hope for success is the failure of the dollar. I don't want to see my dollars lose almost all their value.
Here is an interesting take on bitcoins strengths and weaknesses by the MIT Technology Review.
http://www.technologyreview.com/view...real-currency/
The dollar has its looming troubles. Most other countries printing money as well has helped limit exchange rate damage. It's use as the world's fiat currency will last as long as our military might is the world's super power. The current course of weakening our military is threatening that long standing status. China is really trying hard to replace the US in many of our long held areas as the top dog. Other areas of the world are leading the new industrial revolution by being where all the stimulus money was invested by our banks and powerful people. It seems this new experiment of giving the stimulus to the rich and the institutions that caused the collapse was not a wise move. Big surprise (insert sarcasm emoticon). None of this bodes well for the dollar. The fact that the dollar has gained so much against the leading commodity, gold, is a good sign for a change. The world is changing. We can only hope it will be for the better. I have no confidence the ones setting the new course have anyone's best interest in mind other than themselves and their peers.
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