|
Title: Could this also be a legal loophole that BTC could use? Post by: tokeweed on May 08, 2015, 01:12:36 AM Quote Pachinko (パチンコ?) is a type of mechanical game originating in Japan and is used as both a form of recreational arcade game and much more frequently as a gambling device, filling a Japanese gambling niche comparable to that of the slot machine in Western gaming. A pachinko machine resembles a vertical pinball machine, but has no flippers and uses a large number of small balls. The player fires balls into the machine, which then cascade down through a dense forest of pins. If the balls go into certain locations, they may be captured and sequences of events may be triggered that result in more balls being released.[1] The object of the game is to capture as many balls as possible. These balls can then be exchanged for prizes. Pachinko machines were originally strictly mechanical, but modern ones have incorporated extensive electronics, becoming similar to video slot machines. Pachinko parlors are widespread in Japan, and they usually also feature a number of slot machines (called pachislo or pachislots); hence, these venues operate and look similar to casinos. Modern pachinko machines are highly customizable, keeping enthusiasts continuously entertained. Gambling for cash is illegal in Japan. Pachinko balls won from games cannot be exchanged directly for money in the parlor. The balls are exchanged for tokens or prizes, which can be exchanged for cash at a place nominally separate from the parlor. Maybe we could use the same idea in BTC. Doable? http://en.wikipedia.org/wiki/Pachinko Title: Re: Could this also be a legal loophole that BTC could use? Post by: futureofbitcoin on May 08, 2015, 01:23:30 AM I think more than pachinko, you're looking for something like Entropia Universe.
Used another way, Entropia Universe can almost become an exchange without KYC bullshit. Title: Re: Could this also be a legal loophole that BTC could use? Post by: louise123 on May 08, 2015, 07:17:46 AM I think more than pachinko, you're looking for something like Entropia Universe. Used another way, Entropia Universe can almost become an exchange without KYC bullshit. Entropia Universe? Is it some kind of game like Second Life? That's what I get from their website. Title: Re: Could this also be a legal loophole that BTC could use? Post by: Whitehouse on May 08, 2015, 08:44:32 AM I'm not sure what you are actually proposing here? Why would we need to use this loophole for bitcoin? It isn't illegal in the majority of places so I'm not entirely sure what you're suggesting.
Title: Re: Could this also be a legal loophole that BTC could use? Post by: shulio on May 08, 2015, 09:54:59 AM Quote Pachinko (パチンコ?) is a type of mechanical game originating in Japan and is used as both a form of recreational arcade game and much more frequently as a gambling device, filling a Japanese gambling niche comparable to that of the slot machine in Western gaming. A pachinko machine resembles a vertical pinball machine, but has no flippers and uses a large number of small balls. The player fires balls into the machine, which then cascade down through a dense forest of pins. If the balls go into certain locations, they may be captured and sequences of events may be triggered that result in more balls being released.[1] The object of the game is to capture as many balls as possible. These balls can then be exchanged for prizes. Pachinko machines were originally strictly mechanical, but modern ones have incorporated extensive electronics, becoming similar to video slot machines. Pachinko parlors are widespread in Japan, and they usually also feature a number of slot machines (called pachislo or pachislots); hence, these venues operate and look similar to casinos. Modern pachinko machines are highly customizable, keeping enthusiasts continuously entertained. Gambling for cash is illegal in Japan. Pachinko balls won from games cannot be exchanged directly for money in the parlor. The balls are exchanged for tokens or prizes, which can be exchanged for cash at a place nominally separate from the parlor. Maybe we could use the same idea in BTC. Doable? http://en.wikipedia.org/wiki/Pachinko Too much work to do for this while we still can trade it for fiat instantly but yes I think it could be apply for bitcoin as well but perhaps we can change to another altcoin and that will save us some trouble rather than converting it into a token that can be traded later Title: Re: Could this also be a legal loophole that BTC could use? Post by: tokeweed on May 08, 2015, 11:42:59 AM I'm not sure what you are actually proposing here? Why would we need to use this loophole for bitcoin? It isn't illegal in the majority of places so I'm not entirely sure what you're suggesting. Just a thought when FINCEN went after Ripple Labs... Title: Re: Could this also be a legal loophole that BTC could use? Post by: Amph on May 08, 2015, 11:58:37 AM you could just send your bitcoin to a friend that it live abroad and he convert it , if in your country they are banned, then he buy what you want and it sends the goods to you
Title: Re: Could this also be a legal loophole that BTC could use? Post by: Q7 on May 10, 2015, 01:16:24 PM Depends on how the law in the country defines it. If they make it illegal to gamble with cash similarly they might also ban gambling with bitcoin. The point is how they define it and then control it. Regardless, people will still find a way to bypass the system and it won't matter if it is cash or bitcoin in the first place
Title: Re: Could this also be a legal loophole that BTC could use? Post by: aso118 on May 10, 2015, 01:43:16 PM Quote Pachinko (パチンコ?) is a type of mechanical game originating in Japan and is used as both a form of recreational arcade game and much more frequently as a gambling device, filling a Japanese gambling niche comparable to that of the slot machine in Western gaming. A pachinko machine resembles a vertical pinball machine, but has no flippers and uses a large number of small balls. The player fires balls into the machine, which then cascade down through a dense forest of pins. If the balls go into certain locations, they may be captured and sequences of events may be triggered that result in more balls being released.[1] The object of the game is to capture as many balls as possible. These balls can then be exchanged for prizes. Pachinko machines were originally strictly mechanical, but modern ones have incorporated extensive electronics, becoming similar to video slot machines. Pachinko parlors are widespread in Japan, and they usually also feature a number of slot machines (called pachislo or pachislots); hence, these venues operate and look similar to casinos. Modern pachinko machines are highly customizable, keeping enthusiasts continuously entertained. Gambling for cash is illegal in Japan. Pachinko balls won from games cannot be exchanged directly for money in the parlor. The balls are exchanged for tokens or prizes, which can be exchanged for cash at a place nominally separate from the parlor. Maybe we could use the same idea in BTC. Doable? http://en.wikipedia.org/wiki/Pachinko This thought has already occurred to some governments. :) You can play with you bitcoins, but you can’t pay with them http://rt.com/business/187440-bitcoin-ban-russia-cryptocurrency/ Title: Re: Could this also be a legal loophole that BTC could use? Post by: Kprawn on May 10, 2015, 02:01:44 PM you could just send your bitcoin to a friend that it live abroad and he convert it , if in your country they are banned, then he buy what you want and it sends the goods to you Well, in some countries, they tax the incoming goods and you are only allowed to "import" a certain amounts of items, before it becomes illegal. {huge penalties and fines} I cannot understand how the OP wants to bypass the "ban" on Bitcoin, with this device? You want to bypass the trade and allow for "prizes" to be won, that can be sold to get the money? Let's hope it does not come down to that... :( Title: Re: Could this also be a legal loophole that BTC could use? Post by: btc2code on May 10, 2015, 02:19:09 PM If Japan government does not treat bitcoin as money, no law violation at all.
Title: Re: Could this also be a legal loophole that BTC could use? Post by: Twipple on May 10, 2015, 08:52:43 PM I have looked at the game and it feels it is more meant to be a physical game than a PC game. The game is actually not much fun to play, and implementing it on PC or online would definitely not get much action .
|