Online Gaming & Gambling Industry News This Quarter
A study has found that over 75% of digital coins in the Bitcoin currency are being stashed not spent. Bitcoin is a company using cryptography and peer-to-peer networking to enable anonymous payments online and is often used as a digital payment method for online gamers and gamblers. The online digital currency is in large part remaining unused in dormant accounts that have never participated in outgoing transactions. Dorit Ron, a mathematician who worked on the report said they followed180,000 transactions trails across 3.12 million accounts
?This means that there are much fewer BTCs in circulation than previously presumed. Yet, the total number of Bitcoins participating in all the transactions since the establishment of the system (except for the actual minting operations) is 423,287,950 BTCs. This implies that each coin which is in circulation had to be moved a much larger than expected number of times.?
The full report, ?Quantitative Analysis of the Full Bitcoin Transaction Graph? can be downloaded here
Full Tilt poker are re-launching ? news regarding the refresh of their services is positive. But former affiliates have been informed by the parent company of Full Tilt Poker, the Rational Group, that they will not be earning their past commissions. A letter sent out by the Rational group informed participants of the affiliate programme that;
??Other than the non-U.S. player balances, The Rational Group did not assume any liabilities of the previous Full Tilt Poker companies and therefore previous contractual agreements that Full Tilt Poker may have had with affiliates were excluded. As such, The Rational Group is not liable and will not pay for any affiliate earnings which may have been due to you under your agreement with any former Full Tilt Poker company.?
The current affiliate programme is still being worked on and is expected to become available in 2013.
Posted on December 12, 2012 Posted by admin blog comments powered bySource: http://www.transactionage.com/2012/12/12/online-gaming-gambling-industry-news-this-quarter/
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