Bitcoin4iGaming Conference Seeks to Demystify Digital Currency

Published November 17, 2014 by Lee R

Expert speakers who pioneered the rise of Bitcoin are donating their time.

Yes, Bitcoins are still around, and being slowly but surely integrated into iGaming. We are reminded of this by the imminence of the Bitcoin4iGaming conference.

Integrating Cryptocurrency and iGaming

As of November 24th in London's Dexter House, the Bitcoin4iGaming conference will continue to integrate the two worlds of so-called cryptocurrency and iGaming together in the hopes of streamlining the integration of iGaming and payment processing in implementation of cryptocurrencies for digital transactions. The event features so-called “visionaries” who are so dedicated to making Bitcoin and other Altcoins the currencies of the digital age that they are donating their time.

Addressing the Trust Issue

The main issue regarding Bitcoins is obviously trust. Using Bitcoins requires putting in money in order to utilize the digital online currency format that Bitcoins represents, in context of iGaming for betting activities. While many may draw a comparison between Bitcoin and poker chips, the difference is that monies stay in Bitcoin form, and are withdrawable but only through a transfer procedure as opposed to a real time exchange at a chip window every time one walks in and out of an online casino. The fact is that the digital age is not equipped to handle real time transfers every time one enters and exits an online casino.

The conference will certainly and primarily address the inherent distrust as well as scandals such as the well-known Mt. Gox collapse, and an unsuccessful arrangement with Silk Road as well as the arrest of several Bitcoin exchange operators. The conference will address these scandals head-on, illuminating why they happened and how and if they can be prevented in the future. In so doing, the conference will further assess actual risk levels of Bitcoin, altcoin, and other digital currencies.

Expert Speakers

Experts speakers will include Bitcoin Pioneer Charlie Shrem, Global Coin FX CEO Christian Papathanasiou, Sheridans Solicitor Eitan Jankelewitz, prominent indirect tax lawyer Esteban Von Goor, and Gaming Counsel PC Stuart Hoegner. In addition to the controversies, the speakers and presenters will illuminate details about other cryptocurrencies, and the relative advantages and features of each.