..

From Gaming to Bitcoin | Calvin Ayre | Hashing It Out | Ep. 1

Written by:
C Costigan
Published on:
Apr/27/2021

Long time friends of the Gambling911.com website, Rebbeca Liggero sits down with Calvin Ayre to dicuss Ayre's journey with Bitcoin and how it ties back to the gambling industry.

Liggero talks about how, back around 2012 the gambling industry was discussing this technology for payments.  Fast forward nearly ten years later some 80% or more of all transactions within the so-called "restrictive" gaming sector are through Bitcoin.

But the technology is way more than just payments.

"At first it was payments," Ayre said.  "If you recall, when Bitcoin first came out, it was relatively cheap transaction costs, there wasn't a scaling bottleneck, at least the philosophy against scaling didn't exist, and it didn't have enough use cases that there was any kind of scaling ceiling apparently for people that were using it.  So it was kind of like a frictionless, low cost way to send money around."

But Ayre quickly realized the original Bitcoin protocol needed saving and to be put to better use.

"What I found out is that this technology, it does payments, but it's fundamentally a data management evaluation platform."

In order for this to work, the technology must have the unbounded scaling. 

Watch the interview below.

- Aaron Goldstein, Gambling911.com

Gambling News

Atlantic City Casinos Bounce Back, Up 31% From a Year Ago

Atlantic City’s casinos and racetrack sports betting outlets are bouncing back convincingly from financial woes brought on by the coronavirus pandemic, taking in 31% more in August than they did a year earlier, after COVID-19-related closures ended.

Cowboys Lose DeMarcus Lawrence to Broken Foot

Cowboys Lose DeMarcus Lawrence to Broken Foot

The Cowboys are without wide receiver Michael Gallup, the offensive line is a bit of a mess at the moment, and now a word from Cowboys practice on Wednesday is that they lost defensive end, DeMarcus Lawrence, for eight weeks with a broken foot.

Raheem Mostert Opts for Season-Ending Surgery

Raheem Mostert Opts for Season-Ending Surgery

The timeline on Raheem Mostert’s return from the knee injury he suffered on Sunday just went from the eight weeks previously reported, to out for the season. Mostert has decided to have season-ending surgery to repair the cartilage in his knee, explaining in a released statement that the surgery gives him the best chance at a full recovery.

Free MLB Picks - Thursday September, 16 2021

Free MLB Picks - Thursday September, 16 2021

What is the best team in Major League Baseball right now?  That honor goes to the Toronto Blue Jays as they are vying for a Wildcard spot.  Gambling911.com has some free MLB betting picks for Thursday September 14, 2021

AL Wild Card Odds are Tight; Cy Young and MVP Favorites

AL Wild Card Odds are Tight; Cy Young and MVP Favorites

Heading into Thursday's games, the Blue Jays, Red Sox and Yankees are all tied for the first three Wild Card positions.

Syndicate