One issue of Bitcoin today is that the majority of wealth sits with a few people and the bitcoin population is rather low. To become a successful currency Bitcoin needs to be in the hands of many people.
A Fix:
One of the best uses of Bitcoin is online gambling. Anyone who has used bitcoin gambling on the internet knows how liquid it is. One minute you are at the table gambling and the next you can be spending it however you please. Its like real cash in brick and mortar casinos. A much better experience.
One solution to increasing entrants to bitcoin is through online gaming. Online gaming will introduce new users to Bitcoin after wins and allow them to quickly spend it. Many players will originally deposit in their traditional fiat currency and then withdraw their winnings in Bitcoin. Online gaming allows a convenient cheap transition from fiat money into Bitcoin and will significantly grow the population.
The Current State:
Currently all of the biggest online gambling sites do not offer bitcoin withdrawals or deposits. This included Bovada, William Hill, 888 betting, PokerStars. This leaves a large open market for bitcoin and online gaming.
The early gambling sites who have adopted bitcoin have seen it as a major success and I see the day where a site must offer bitcoin to be competitive in the market. And when that day arises, the Bitcoin population will see significant population growth and Bitcoin will be well on its way to being one of the worlds leading currency's.
Cliffs: More bitcoin users= More circulation= More mainstream use of a bitcoin. Online gambling is perfect to enter unknowns into the bitcoin community
PS. If you do gamble online please email your site's support requesting for bitcoin withdrawals and deposits.
Submitted February 27, 2016 at 12:44AM by SabertoothSteve http://bit.ly/1WOqKyU
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