bitcoin for sportsbooks

[reno cool]

Does anyone know how this forks? Is it easy and hassle free etc? How do you get your money in and out? THey say you need to sign up for some wallet

 

[eggs]

I haven't used it yet, I've been using other methods but they annoyed me so I have to learn Bitcoin as well. This is from a buddy.

Bitcoin is a bit complicated, but easy to maneuver once you figure it out. In short, you're going to need to sign up at either Circle or Coinbase, this is where you buy the bitcoin. After that you'll need to send it to a wallet, as a way to use a middleman. You don't want to go directly from Circle/Coinbase straight to the gambling account. When withdrawing, you'll do the same, except in reverse. The wallet I use is: https://blockchain.info/wallet/#/

 

[roguejuror]

Coinbase can (and does at times) track it multi level deep

 

[FreeFall]

Coinbase can (and does at times) track it multi level deep

They absolutely do and as a coder it's really not that hard to do.

 

[roguejuror]

today is a fifa match day reno, lots of matches like the euro, qualifying for the russian world cup

 

[reno cool]

tracking it multi level deep? I'm guessing that's not good? what does it mean?

I tried to sign up as per bb's link and the page froze.

 

[roguejuror]

referring to the advice on post 2 about sending it from your coinbase wallet to another wallet and then depositing to a sportsbook wallet, that single jump won't really fool them or hide you, bitcoin in essence is a big public ledger where all transactions are public, when you spend your bitcoins coinbase/circle keep track of where you're spending it (this is what i meant by tracking it multiple levels) because more data is better for their business and in part for compliance reason, they want to keep the gambling stigma off their service so if they know you're spending on gambling sites they will warn or close your account, give this simple method a try though i don't anything will happen at first

 

[reno cool]

ah, so you mean even bitcoin does not want gambling. sounds not worth the effort then. Guess the transfer from Walmart to a friend in Nicaragua is still the way to go.

 

[eggs]

Until they flag you which they just did to someone I know. Was cleared up with a phone call. Worried about doing it again.

 

[reno cool]

did he make a lot of deposits?
is there any other good method?

 

[eggs]

Did you?

 

[reno cool]

no, haven't made a deposit in years. I don't remember having problems with moneygram. Except it's stressful and awkward standing in line to send money to a city and person you can't spell.

 

[eggs]

Yeah what my friend told me is you'd better make sure the spelling of the name(s) is exactly correct so print it out and bring it into wherever, the cashier won't care. He said the hold up was annoying and that in company with collusion in online gaming has him headed back out live soon, he's been busy with some other things lately.

 

[roguejuror]

so you mean even bitcoin does not want gambling.

it's not bitcoin's fault, you don't have to use these american companies, they are good for ease but you can run everything on your own

 

[reno cool]

and I assume running it yourselves means something more than I would be willing/able to do?

 

[roguejuror]

oh surely you'd be able to

the best way is to run the official Bitcoin Core, it is a bit massive and something most users won't want to do, with that you become a full node, you sync the whole blockchain to you, with this you'll be directly connected, your wallet would be local on your pc and no intermediaries

https://bitcoin.org/en/bitcoin-core/

there are other options that work as a middle ground to have your wallet local without running a full node, run one of these wallet software on your pc, encrypt, backup, etc, less effort than with Bitcoin Core but still not as easy as coinbase/circle/neteller/paypal

http://www.bitcoinarmory.com/

https://electrum.org/#home

it all depends how how complex and private a setup you want to have, if all you want is to put up a couple of hundred bucks a few times a year i don't know how willing you are to make this extra effort, remember revolutions die because revolutionaries grow tired and old

 

[betplom]

oh surely you'd be able to

the best way is to run the official Bitcoin Core, it is a bit massive and something most users won't want to do, with that you become a full node, you sync the whole blockchain to you, with this you'll be directly connected, your wallet would be local on your pc and no intermediaries

https://bitcoin.org/en/bitcoin-core/

there are other options that work as a middle ground to have your wallet local without running a full node, run one of these wallet software on your pc, encrypt, backup, etc, less effort than with Bitcoin Core but still not as easy as coinbase/circle/neteller/paypal

http://www.bitcoinarmory.com/

https://electrum.org/#home

it all depends how how complex and private a setup you want to have, if all you want is to put up a couple of hundred bucks a few times a year i don't know how willing you are to make this extra effort, remember revolutions die because revolutionaries grow tired and old

I run the full node bitcoin core on a second hard drive on my pc. Created a folder called "bitcoin" (clever eh?) and installed the program there, then inside the bitcoin folder created a folder called "appdata" and point the installer to it. That way if I have to format and re-install I don't have to re-download the whole blockchain and it picks up right where it left off.

 

[roguejuror]

are you still running linux or you went back to windows?