Dogecoin Poker Gains Traction with Players Worldwide
Dogecoin is an alternative ‘currency’, otherwise known as a cryptocurrency. The pronunciation of Dogecoin is ‘Doggy-Coin’, and it was inspired by an actual dog breed known as a Shiba Inu. There are several reasons why digital currencies have become so popular in recent years, notably safety & security, anonymity, and the lack of government regulation. Dogecoin Poker makes it possible for poker players anywhere in the world to play ‘real money’ poker games without any government-sanctioned interference.
For example, online poker players in the US are prevented from playing real money poker games by laws like the UIGEA (Unlawful Internet Gambling Enforcement Act) and the Wire Act from decades ago. Fortunately, these archaic laws have not evolved to tackle the issue of digital currencies since a debate still rages about how best to define them. This makes it possible for Dogecoin Poker rooms to operate on the Internet.
The other major cryptocurrencies include Litecoin (LTC) and Bitcoin (BTC). In much the same way, players can acquire Dogecoin (DOGE) at online exchanges, or private sellers and by using Dogecoin Wallets. It is important to understand what this digital currency is, so that you can acquire it and use it to play Dogecoin Poker. It is first and foremost a peer-to-peer digital currency, which means that you can easily transfer it from one person to the next. It is decentralised in the sense that no government agency, including the IRS, has any control over the demand/supply of it. And, it offers safety, security and anonymity.
Getting started with Dogecoin Poker is relatively easy. There are 4 steps in the process, including getting a wallet, acquiring Dogecoin, using the Dogecoin, and staying abreast of the latest developments. You can do all of this from your PC, smartphone or tablet and you can use this currency to pay for goods and services and even play online poker games.
Dogecoin Poker Players Are Part of a Vibrant Community
Buying Dogecoin (DOGE) with fiat currencies is entirely possible. This cryptocurrency is used as a way to ‘tip’ people on the Internet for sharing or providing interesting content or material. Some see it as the equivalent of a G + like or a Facebook like, but this actually has a real value. Unlike Litecoin and Bitcoin, there is more of a social element involved with Dogecoin.
Social media sharing, YouTube videos and a sense of community is pervasive with Dogecoin and therefore with Dogecoin Poker players too. Unlike Bitcoin and Litecoin which are capped at 21 million and 84 million digital coins, Dogecoin has a maximum production volume of 100 billion in the Dogecoin Network. The creator of the program which generates Dogecoins is Billy Markus. This IBM engineer collaborated with Jackson Palmer and they fashioned Dogecoin off Litecoin.
Poker players can use this digital currency at online casinos and poker rooms offering it as an accepted payment processing option. Luckily, if a poker room accepts Bitcoin and Litecoin it invariably accepts Dogecoin too. When you’re looking for the leading Dogecoin Poker rooms and Dogecoin Casinos, the following options are popular with players: BitcoinPenguin, Crypto-Games, FortuneJack, PokerShibes and others.
Dogecoin Poker rooms were created to make online poker more accessible to players everywhere. Since you don’t need to enter any personally identifiable information such as your name, last name, address or Social Security number, your anonymity is assured. All that is needed is a transfer from your Dogecoin Wallet to your Dogecoin Poker room. Deposits and withdrawals are rapidly processed and commissions and fees are kept to a minimum.
Players typically qualify for welcome bonus packages, VIP Rewards and a series of Daily Freeroll Tournaments at the leading Dogecoin Poker rooms. Buy ins to games of Texas Hold’em, Omaha Hi-lo and others are affordable. There are micro-Dogecoin games and high-stakes tournaments with guaranteed jackpots available. Sometimes, Sit & Go tournaments (SNGs) offer players as much as 1 million DOGE in payouts.
What Else Do You Need to Know about Dogecoin Poker?
Despite the fact that Dogecoin officially capped its maximum production at 100 billion coins, this limit is not being adhered to. This means that the growth of this digital currency will continue as long as it is being mined and there is a demand for it. It was formed back in 2013 by a transpacific partnership between Oregon-based Markus and Australian-based Palmer. The open source code that created Bitcoin (BTC) was also used to create Dogecoin. Once this currency has been mined, it is stored in a Dogecoin Wallet, or on your computer’s hard drive. Luckily, it is much easier to mine these coins than it is with Bitcoin – simply because there are so many more of them.
Various online merchants around the world accept Dogecoin and it is used to pay for all manner of clothing, consumables, commodities, goods, services and even for online poker games. It should be remembered that unlike Bitcoin or Litecoin, the value of 1 Dogecoin or 1 DOGE is relatively insignificant. In fact, it is so small in dollar terms that when you play Dogecoin Poker you will be working with hundreds, perhaps thousands of Dogecoins at a time. The latest exchange rates (September 2016) for this currency are as follows:
- 1 DOGE = $0.00023
- 1,000 DOGE = $0.2266
- 10,000 DOGE = $2.2657
Popularity of Dogecoin Poker Set to Grow
As you can see, the exchange rate indicates a negligible value per unit DOGE. Owing to its large and growing user base, the popularity of this digital currency is set to spike in coming years. It is relatively new, founded in 2013, and already is internationally accepted. It offers many unique benefits that other digital currencies simply don’t offer, including the social aspect which is very much a big part of its appeal. When you play Dogecoin Poker, you are rubbing shoulders with like-minded people who understand digital currencies and who enjoy the community that this particular cryptocurrency has to offer.
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