Inside BitVegas | Plan B 4

Inside BitVegas | Plan B 4

We chat with the creator of BitVegas, how it works, his plans for the future, and how he keeps users bitcoin\’s secure. Plus his thoughts on possible legal issues facing bitcoin gambling sites, Litecoin for gambling, and more.

Plus we run through some of the best Bitcoin news we’ve ever heard yet, using bitcoin for a cause, and some practical security tips.

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— Discussion —

So I\’ve been spending a lot of time looking at it, and it\’s truly fascinating actually: the way that the currency\’s been designed, and the way that inflation is built in to pay for miners, and all that is truly fascinating. I think that for us at PayPal, it\’s just a question whether Bitcoin will make its way to PayPal\’s funding instrument or not. We\’re kinda thinking about it.

Chris Dixon is co-founder and CEO at Hunch at a co-founder at Founder Collective. In the past he has served as CEO and co-founder at SiteAdvisor.

He has invested in technology companies including Skype, Foursquare and Kickstarter. In 2010, BusinessWeek magazine named Dixon the top angel investor in the technology industry.

Chris Dixon, like many other Silicon Valley investors, is really excited about Bitcoin. He says he\’s invested a significant amount of money into it.

Dixon spoke about why he and the rest of Silicon Valley are excited about Bitcoin, and what types of Bitcoin startups he\’s looking to invest in.

Chamath Palihapitiya, venture capitalist, former head of the AOL Instant Messaging division, former Facebook executive, part owner of the Golden State Warriors (NBA)

Think the recent collapse in Bitcoin\’s value was the end of the experimental currency\’s, um, currency? Not even close, says Chamath Palihapitiya, the longtime Facebook executive who now runs The Social + Capital Partnership.

Likening Bitcoin to the \”red pill\” from the movie \”The Matrix,\” which exposes those who take it to a hidden reality, Palihapitiya sounded as bullish as could be during a Q&A at TechCrunch Disrupt NY on Monday morning.


BitVegas is a Minecraft casino that operates on Bitcoins. It has a very friendly community as well as fun games.

If you enjoy gambling, bitcoins or socializing then you should come and join this server. It usually has at least fifteen players online during the day and up to forty at night (usually thirty). Upon joining you get 5 play BTC to gamble with. These can not be exchanged for any real Bitcoins. However, you also get half a real mBTC (possibly going up soon to 1 mBTC or more) per fifteen minutes. You can use these to gamble on games such as poker(still in beta), roulette, blackjack, pig racing(think horse racing with pigs), minefield, and a lottery (the lottery ticket seller is a chicken who usually hangs out in the roulette room).

The Bitcoins in this server can be exchanged for real Bitcoins to be sent to your wallet.

The player base is very friendly and we often have discussions and debates both related and unrelated to Bitcoins. It\’s a very friendly community as well as a source of free Bitcoins and entertainment.

— Litecoin —

The Tokyo-based exchange said in a news release it was planning to support litecoin two weeks ago \”but events derailed that plan. Right now we are focused on overall stability of the exchange and will launch LTC [litecoin] when we are ready.

A good reminder to use a different password at every pool you try, periodically check your payout address to make sure no one hacked you and changed it to pay them instead of you.

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