Would you play online poker with digital currency?

[a500lbgorilla]

I recently heard about bitcoins ( Bitcoin - Wikipedia, the free encyclopedia ), they're essentially an attempt to create a currency capable of truly anonymous transactions while taking the authority to print money out of the hands of central authorities and move it onto the internet.

As opposed to conventional fiat currency, the bitcoin differs in that no overseer can control the value due to its decentralized nature,[13] mitigating possible instability caused by central banks. There is a limited controlled inflation hardcoded in the Bitcoin software, but it is predictable and known to all parties in advance.[4] Inflation cannot therefore be centrally manipulated to effect redistribution of value from general users.

Transfers are facilitated directly without the use of a financial processor between nodes. This type of transaction makes chargebacks impossible. The Bitcoin client broadcasts the transaction to surrounding nodes who propagate the payment across the network. Corrupted or invalid transactions are rejected by honest clients. Transactions are mostly free, however a fee may be paid to other nodes to prioritize transaction processing.[4]

The total number of bitcoins tends to 21 million over time. The money supply grows as a geometric series every 21,000 blocks (roughly every 4 years); by 2013 half of the total supply will have been generated, and by 2017, 3/4 will have been generated. As it approaches that mark the value of bitcoins will likely begin to experience price deflation (increase in real value) due to the lack of new introduction. Bitcoins, however, are divisible to eight decimal places (giving 2.1 x 1015 total units), removing practical limitations to downward price adjustments in a deflationary environment.[14] Rather than relying on the incentive of newly created bitcoins to record transactions into blocks, nodes in this period are expected to depend on their ability to competitively collect transaction fees to process transactions.[4]

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The total value of the Bitcoin economy as of April 2011 is 4,500,174 USD.

So I thought it was a real neat idea and just wanted to keep an eye on it.

But now someone has suggested that online poker should adopt the currency, allowing us to fully sidestep the UIGEA which makes it illegal for banks to process the money of illegal online gambling.

Bitcoin Weekly - Bitcoin Poker

And I think it's a novel idea. Would you entrust your poker rolls to this new and ethereal currency?