Ever since online poker started many governments, bureaucrats
and banks have tried their level best to control this game, and continuously
trying to do so. These parties have tried to do everything in their hands to
put limitation on the game globally. They have taxed it in many areas and have
also restricted people from playing it in certain areas. All these actions and
limitations imposed made the players of online poker forum have night mares
and they started wishing for a whole new world where everyone can play whatever
they want at any time.
The biggest issue which has been faced by the online poker
forums since day one is the payment processor`s issue. In this article we will
try to have a closer look on the rising of Bit coin and ways it could help to
change the online poker world for good.
BIT COIN:
Bit coin is a mixture of many things but first let’s make one
thing clear, that bit coin is fake money, it is not real. It’s nothing like the
traditional money. It’s not gold, silver nor any other physical element and
there is no government behind it. Bit coin is actually a system of tokens,
virtual tokens. Which are exchangeable for stuff and also services at places
where it is acceptable.
There are some risks while you are dealing with bit coin as
its all open source and online, the system can be hacked anytime. Bit coin is
like an experiment.
WOKRING OF BIT COIN:
There are concerns about its security and stability but still
bit coin is a good commodity. And recently the currency is trading for $10 per
bit coin, and its total monetary base is around $90 million US dollars.
Bit coin has the potential to change the world and it has
started to be used in businesses, such a Wiki-leaks, Free net, FREE Software
Foundation, and internet Archive.
