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

Written by:
C Costigan
Published on:

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

Canelo vs. GGG III Betting Odds Now Up

Canelo vs. GGG III Betting Odds Now Up

Canelo Alvarez is going to “warm up” against 40-year-old Gennadiy Golovkin before he exercises a rematch with Dmitry Bivol.

Sports Betting, Events Odds and Previews: Attempts to Legalize Sports Betting in Minnesota Fail

The House bill would not allow racetracks to offer sports betting and this is what ultimately derailed the efforts.

Atlantic City's Casinos Earnings Rise, But Some Still Lag

Atlantic City’s casinos collectively saw their profitability increase in the first quarter of this year compared with both a year earlier and also the pre-pandemic period.

Crypto, Blockchain and Gaming News: Wright Disinvited to Conferences Due to Slander

Plus Nevada regulators approve billionaire who has been under investigation by the Securities and Exchange Commission, suggesting no news is good news.

Early Belmont Stakes Odds 2022

Early Belmont Stakes Odds 2022

It's almost impossible to know which horses will run in June's Belmont Stakes, but there are at least some early numbers and a field to speculate.