There's a discussion here about a call to make it mandatory for gambling sites to show proof of money they are holding in reserves because of what happened on FTX. Running a casino during crypto crash - Do you think The Gambling Industry Is Part Of The Domino Effect That Happens In The Market? - Will the industry lose the trust of gamblers if one or two casinos scammed their players by closing down and running with what money they have that belongs to the gamblers? - As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges? - What would gamblers think if a casino does not agree to show proof of money from new and old casinos Gambling as an industry will not be affected by the recent news, although the same argument couldn't be said for cryptocurrency gambling that is already receiving a lot of backlash even before issues with FTX and SBF broke out. There's also an individualist ideology in the gambling industry due to how tight competition is, so if a gambling site comes out as a sham, the others wouldn't be affected that much, you could even argue that some gamblers may switch to theirs, furthering their profits in the process. I also saw a thread last week about a guy using his gambling account in a casino as a means to store his coins, I just think it is irresponsible and could cost him his fortune in the future. |
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Do you think it's good that I sold the house then I buy bitcoin with all the money?
because in my own calculations, my house value didn't increase in date year by year. the value is still stagnan, it's different when compare it with bitcoin, I will got 3 house when I sold my house then buy bitcoin with that money in 2018 and sold it again on ATH november 2021.
(I have 2 house, which I want sell it is abandoned house)
You're focusing too much on bitcoin's potential for growth without ever researching or even seeing for yourself the amount of risks that it entails. Although you did mention you still have a spare residence to live for whenever things go south, it is still an unwise decision to make for most people. Altogether, what I would highly suggest you make sure before jumping to any venture, it doesn't have to necessarily be bitcoin, is that you must always make sure you don't invest anything you can't afford to lose. People in this industry lose their lives because of simple mistakes like these, some even take out a loan that they can't easily pay to invest in crypto, such an unwise thing to do. |
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Whether or not they win this case, the gambling house is already bound to lose a great percentage of their customers. The fact that the headlines imply they refuse to pay is already something that would not sound great to the people's ears. In a country like Nigeria, they could easily bribe their way out of the case and bag themselves a win, but this guy's bound to lose them a lot of potential gamblers in the process, so really, whatever they say inside and outside the court, I don't think the end's gonna sit well for them. Firstly I wish I can be updated about the court rulings of this case if possible because I will really love to know the outcome of the full ruling of the court. One thing is certain that no matter what the whatever the ruling is, the casino has lost a great percentage of its customer's trust and I do think the player has a great edge of winning the case provided he has a sound lawyer and all the necessary proves and aswell an incorruptible judge because in a country like Nigeria, the company has every possibility of buying their way through by possibly bribing the judge with offered amount the accuser rejected
Agreed, if any updates about this case could be made that will really be great for us who are keen at observing how this goes. Not only is this case a testament to how much power gambling companies have over your money once you clicked that deposit, but also how the justice system of Nigeria goes. |
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There are talks among the world's major central banks to begin the creation of their own digital currencies (Central Bank Digital Currencies for that matter). The launch of Bitcoin, and the widespread popularity of "De-Fi", has led governments to act fast before they're left behind the game. They know they can't beat Bitcoin, so they will try to be in-par with it by launching digital currencies of their own. The average person won't notice any difference with the new digital cash system, as everything would be the same as using a credit/debit card. I'm beginning to question whenever CBDCs will be able to replace paper money for good, or will it co-exist with the old system? After all, credit/debit cards didn't manage to replace paper money when they launched. For being in the 21st century, I'd say paper money should be phased out as soon as possible. Everything should turn digital, as we live in a digital society. How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you.  Greenbacks have been with us since time immemorial, it literally powered us humans into becoming a self-sustaining society. That alone makes me think that the dream of some radical bitcoin visionaries here where they want cryptocurrency to completely replace fiat completely, a little too impossible. For me, my concept of global adoption is that everyone has at least a couple of cryptocurrencies in their wallets they can use and exhaust, whilst still having money on their wallet to pay for products and services upfront. In my opinion this sounds better than the idea of crypto completely erasing fiat's utilization off the planet, because with the current state of crypto, even the smallest types of purchase will take a long time to be processed. |
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I understand your fear especially with the news of a relatively unrelated firm going under the river after not being able to pay their consumers. I believe most reputable casinos offer such a feature that allows the consumers and players to see their reserve liquid cash to give a sense of relief. I believe it is paramount that people are given proper expectations in matters like this as this is one of if not the prime factor that could make or break a casino. Whether they keep it in crypto or in fiat for a much stable market condition, it is important that they give the consumers the liberty to produce a way where these could easily be reflected.
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I'm not sure why you'd want to do this to avoid fees really when there are wallets available out there that could do the trick for you. There's a saying here that goes: "not your keys, not your crypto" and this goes even for cryptocurrencies that are stored on sites and exchanges that harbor cryptocurrencies from their users for safekeeping. Ultimately, I would highly suggest using a physical wallet if you're too afraid of using soft wallets like MetaMask or the likes in fear of hack attacks. Duelbits is a reputable gambling site but they have all the capabilities to lock you out of your account and your money if they do so please, so take the advice that all of us are giving you and keep it in a safer place.
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In recent news, it is the plan of the Nigerian government to redesign its currency notes. I don't know why such a project at this time is even mentioned, because other worst case scenarios that require redesign is left abandoned or nearly abandoned in total. My thoughts is on how such a government at these time of flooding and inflation would think that by redesign the currency, such issue will be the remedy to the countries huge debt margin or natural disaster ongoing. Do you think the effect of redesigning the nations currency note will be of benefit to the economy and nation at large? Let's discuss! https://nairametrics.com/2022/10/26/cbn-redesign-naira-notes/ If redesigning the currency comes with newly imposed bylaws to improve its regulation and inflation rate, as well as other economic aspect of the currency then yes. Otherwise just like what someone said here, it's just going to be a better-looking turd. I dare say that frequent redesigning of a country's currency could even be a sign of its economic decline, as this is most common in third-world countries where corruption and graft is rampant, take for example, Philippines, who now had multiple alterations in its currency design since 2010. I don't need to tell you how rampant corruption is in that country. Circling back to the topic, other than the aesthetic aspect being changed it has never been proven that changing a currency's design led to more people spending it. |
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In case @Agbe change his mind, I'm happy to apply: Current number of post (Including this one): 2107 Rank: Sr. Member bech32 address: bc1qk6m9grqammfy2jcjvdympwkgunclvpeases8da Merit earned in the last 120 days: 13 Hi. Reapplying and hoping I can get accepted this time! Current number of post (Including this one): 2123 Rank: Sr. Member bech32 address: bc1qk6m9grqammfy2jcjvdympwkgunclvpeases8da Merit earned in the last 120 days: 63 |
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Is it possible to stick with free spins on online casinos and still be able to make some good reward?
I am looking into the free side of things, no risk at all with free spins but the question is has anyone ever make something out of free spins before? Something reasonable at?
The last time I earned something free from gambling websites was when BTC has very low value and many faucets still run, that's couple of years back.
Depends on how lucky you are. Most roulette sites give out at least 3-10 free spins for you to exhaust and afterwhich you are required to pay up. Some get lucky within those free spins (obviously no mathematical brealdown on the probability) but most end up buying spins to win. It's good that you are looking to the free side of things especially since gambling could be a very expensive pastime but as with everything, do not expect much from everything you get for free. |
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No, he won't want to buy Bitcointalk, never.
Because bitcointalk is not a fancy platform to build connections and shill your posts to walls, notifications of other users who are in or not in your connection/ friend/ follower list.
It is different than social media platforms like Facebook or Twitter when your notifications will be spammed with many statuses and tweets from others.
Bitcointalk is not a place for Elon Musk to play with his jokes that he always loves to do.
Agreed. Bitcointalk is more of a tavern or a guild where bitcoin enthusiasts and cryptocurrency believers alike come together for the exchange of ideas and opinions on matters that concern the cryptocurrency world. No way Elon's looking at this forum and saying "wow this is a profitable venture, I wanna look at buying it". And even if he does show interest, idk if he could rightfully own a decentralized forum like this. |
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Current number of post (Including this one): 2122
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I see two things here. The first is that I am surprised that there are a lot of states in the USA where gambling is not legalised. Gambling has its bad things, like alcohol for example, but it is more than proven that by prohibiting it you don't eliminate it, you leave it in the hands of mafias and you stop collecting taxes. And this brings me to the second part, that part of the taxes will be used to help the homeless seems to me to be a poor argument. What we have to do is to attack the root of the problem and try to avoid, or at least reduce the percentage of homeless people.
Then, as for the clothes that people may be wearing, I consider that a secondary issue.
Gambling houses will do whatever they could to gather people in their favor, even if the means they employ to reach is that is of poor taste. To be honest I don't think it would work with the people. The fact that it insinuates that gambling does good is already a flawed concept, let alone that the taxes they incur are being paid to fight homelessness. We take a look at everywhere and it doesn't seem like actions against homelessness is being taken to alleviate it, let alone to completely eradicate the tragedy. This advertisement, if true, is done in poor taste and should be a lesson to every gambling company out there not to. You also have a point in attacking the homelessness tragedy but without the primary proprietary entities to handle the issue, there wouldn't be an end to people lying in cardboard boxes in the streets. The government needs to be urged, or we could just leave it to the NGOs and watch it gloriously fail because they lack the proper funding. |
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Ideally, gambling houses should not disclose the identity of the person who won big without first asking him. Unfortunately, this is not respected always.
Those gamblers who do not want their information to be public, but the gambling houses make their names public, can go to the court of law as this is a serious offense. Gamblers can claim damages to the gambling site on this basis. Do you think gamblers should take the help of courts in this case ?
Some gambling houses do so to attract people and serve as a proof that all their winners are true people. Which I do not think really works especially if the industry you built your business upon is already deep in the mire of scandals and issues to begin with. People who get posted publicly could impose sanctions to the gambling house by suing them, because as you said, it violates their rights to privacy and protection of the data they entrusted to the gambling casino. But some get away with this due to the terms and conditions, so I would also suggest to skim through some of the pointers included in the terms and conditions agreement of every site you visit, especially gambling houses to ensure you're not getting one up'd |
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I talk on live roullete in physical casino can it be rigged?
Pretty much any game on a live casino can be rigged. Even the roulette. There are multiple ways this could be done. For some putting some weight on one side of the spinning wheel could favor a certain spot on the wheel, while depriving all the other sides, effectively rigging the game. But licensed casinos wouldn't be able to do this since as far as I know quality checks are being made to their equipment to make sure that no game is rigged in favor of the house. That being said, if you're scared that a particular casino could rig the game against your favor, might as well choose a different casino or refrain from playing in the game you are most afraid about. |
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