Enlarge this image toggle caption With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes.Theoretically, millions of dollars are being kept in the digital currency, and it's increasingly being used by specialized online gambling websites.But is Bitcoin gambling legal?Purely in the interests of journalism, I decided to get my hands on some of the currency.When I did so, Bitcoin, which has been around for a few years now, was fetching around $17 on most exchange sites.It has since risen to more than $20.It turns out that it's really easy for someone to give you Bitcoin, but it's less easy to just buy them from a third party.I ended up asking a friend with some Bitcoin to help — I told him I'd buy him a couple beers later.So, I created a Bitcoin account, and he shot me a few.The first gambling site I tried was SatoshiDice, an online dice game specifically designed for Bitcoin.Honestly, it's a pretty boring game.You just bet on whether a random dice roll will come up below a certain value.

After I bet 0.02 Bitcoin, SatoshiDice sent an email saying I won.So, I bet the equivalent of 34 cents and I won 38 cents, meaning I came out a little bit ahead.The federal government says online gambling is a no-no.In the last few years, the Justice Department has made it very clear: You can't just open up an offshore casino online and start taking bets using actual money from the United States.bitcoin lady diedBut last year, a couple of entrepreneurs asked themselves — what if you were only betting with Bitcoin?bitcoin armory key"What Bitcoin does is that it totally circumvents that," says Jerry Brito, who studies the currency as part of his work as a senior research fellow at the Mercatus Center at George Mason University.bitcoin kurs chart euro

"There is no Bitcoin company, there's no Bitcoin building that regulators can get their hands on.Planet Money What Is Bitcoin?Life in Berlin Berlin Restaurant Experiments With Virtual Currency This month, Brito has been following news of SatoshiDice's financial reports.ethereum pound priceThe dice-game company says it made the equivalent of over half a million dollars in profits in just six months of operation in 2012, accepting bets in Bitcoin.bitcoin node redditBut that betting could turn into a legal black hole.ensayo sobre bitcoinAfter all, no one knows if Bitcoin is money, a financial instrument or something else.bitcoin palo alto"We don't have a bank account at Seals with Clubs," says Bryan Micon, the spokesperson for SealsWithClubs.eu, a Bitcoin-based poker site.bitcoin mining over wifi

"There's no bank account.There's no bank of any sort that we do.We only do this one weird brand-new Internet protocol transaction that some of the nerds out there are calling money."Micon says it might be tough for the Feds to regulate what is just a piece of computer code and not real money.the biggest bitcoin win in gambling historyI started to wonder if I broke the law by gambling online using Bitcoin.So I called the Justice Department.It declined to comment for this story.But here's the thing with gambling with Bitcoin: My winnings are still in Bitcoin.It's up to me to convert those back into dollars.And that extra step is deliberate, says Brito of George Mason University."The fact that they are doing that seems to suggest that they themselves are not 100 percent sure that this will be seen as perfectly legal by regulators," he says, "wherever they're based."For now, I still have 0.8 Bitcoin in my account, worth about $13 — assuming that it's not raided by the feds.

The best part in playing poker is that you can stay on top of the game by simply using the winning skills and strategies, and therefore, have better odds in securing higher payouts.However, instead of just playing this popular card game in a land-based location or in an online casino, you have another option to make a fortune out of your favorite game through promoting online Bitcoin poker rooms.When you become a Bitcoin affiliate, you no longer have to entrust your potential to be financially successful with catching high winning poker hands.Because by being an affiliate to a Bitcoin poker betting site, you are able to earn revenues every month without exerting too much effort and while still enjoying numerous games of poker with Bitcoin.The primary duty of Bitcoin poker affiliates is plain and simple, and that is to direct online poker players, whether novice or experienced, to a Bitcoin poker site they have chosen to partner with.For every unique player that plays in that poker site through the Bitcoin affiliate marketing prowess, the latter will receive a commission, which may serve as the start of a financially rewarding career online.

True enough, promoting a Bitcoin poker room online looks and sounds easy, especially when you have chosen the right affiliate program that offers the best deals and materials to work with.Therefore, it is imperative that you have a solid grasp of the know-hows in order to make a fortune out of affiliate marketing, especially through Bitcoin affiliation.A quality Bitcoin affiliate program is highly preferred for every individual and organization that is eager to indulge in this trade.That is why upon signing up for Bitcoin casino affiliate programs online, it is best to start managing your website right away or create one in case none is still available.When it comes to creating your own Bitcoin casino affiliates website, it is important that it is credible, professional, and attractive.Remember that you will be convincing your site’s visitors to avail of the poker products and services offered by an online poker room, so it is essential that you provide high-quality content, great graphics, and strategically placed promotional, clickable ads from your partner site.