You have to consider that the US and other countries are protecting the gambling scene with strict rules and regulations. These regulations "block" US citizens from using external online casinos. Take Stake.com (Possibly one of the largest Online casinos) for instance.... they are not allowed to operator in the US, so Stake has to create a Sweepstakes style site to operate a site in the US. A lot of countries are doing this, because they do not want money to go to other countries (capital controls) and they also want to cash in on huge fees for licensing and the taxes that are paid on that money. (winnings)
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The provably fair technology actually make use of 3 things.... the Serverseed which is hashed (encrypted) and the Clientseed which is known to the gambler and which can be changed by the player on some sites and also the Nonce that increase with each bet, making sure that each bet can be unique and also be tracked. So for obvious reasons the Server seed are encrypted to protect the casino, but with the hashed server seed, you can determine if the process was scripted or if it was indeed a legitimate bet, with a variable outcome.
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OP, first of all.... you do not "invest" in Bitcoin... you simply buy bitcoins to use it.... BUT you can (like you do with Forex trading) ..buy & sell bitcoins to trade with it. People have these wild ideas that Bitcoin was developed as a "Commodity" ...but it is actually supposed to be an alternative currency to Fiat currencies. The problem are that governments are protecting their local Fiat currencies, so they do not want to allow Bitcoin to be used as a currency, so they define it as a "Commodity"
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"90% of slots players opt for online casino gaming than at land-based casinos" .... I think the reason for this is the house edge. The Brick n Mortar casinos have a lot more expenses to pay to operate a Brick n mortar casino, so their house edge or RTP (return to player) sucks... compared to online casinos. So you might get the "feeling" that you are gambling longer with the same money that you spend on a casino. There are also a much larger variety of Slots online, compared to the amount of Slots that you get in some of these casinos. (Slots are also accessible 24/7 ...and you do not have to wait for someone to stop playing, before you can play that slot)
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I think someone said something about them being forced to close their doors, due to local gambling laws and regulations. It was a bit of a wild west scene back then, so people tried new things with Bitcoin ...because it offered some kind of anonymity. They soon find out that law enforcement and tax authorities could track some Crypto activity and they stopped these illegal activities. (operating without licenses and operating casinos in countries where gambling are banned)
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I will not use the browser wallets for large amounts.... or to store my coins for a long time. If you regularly need to pay for something online in Crypto currencies, then a browser wallet will be convenient ....but I will store my coins in a hardware wallet and then transfer some small amounts of coins to the browser wallet for quick access. It all depends what you are going to do and how you do it... I used to have some coins in online wallets to "tip" people ...but those services are long gone... because micro tipping with Bitcoin is too expensive.... it might run better on the Lightning Network.
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OP, it all has to do with security.... There are a lot of people out there with bad intentions.... and they know if they can "dox" you...then they might get their hands on your coins. You can have the best security in the world, but if someone gets their hands on you or your family... then you will eventually give up your hiding place... Also, some people needs to stay anonymous.... because Bitcoin might be banned in their country... so they have to hide their real identity to protect their wealth.
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The centralized exchanges are never going to go away, because people are attracted to the comfort and also the profits that can be made from the trades that they are doing on these Exchanges. I hope the people who came back to the remaining exchanges, learnt a lesson...namely not to store your coins on these centralized exchanges. If you do not trade on a regular basis, you only need to buy tokens.... withdraw it from the exchange and store it on external media. This way ..you are in control of your own private keys and you reduce the risk of those centralized exchanges getting hacked and you losing all your tokens.
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This is not related to gambling to me, it looks more of off-topic.
Gambling is not gender based, gamble with the games you have fun with while playing.
How can you say that? It is actually a very important question... because third party developers have to determine what their target market wants and that will determine what kind of games they will develop. I posted this question to my female family members and they said they are watching any Sport that interest them... and that Sport are not based on gender, but rather on personal preference.
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So, I think everyone in here agree people like me or most the time bitcointalk only chase from Bronze to Plat II/III.
I see a lot of people constantly talking about their ranks or trying to sell high ranking accounts. For someone like me who doesn't gamble much, can it be explained what the purpose of this is? It seems like there is a subset of gamblers who chase the rank more than trying to win with their bets. Does being a ranked up member pay you some amount or are the bonuses so great that it's worth chasing? I looked into it for a minute but only saw blanket statements as to what the rewards are. Can someone break down what sort of bonuses you get for being "Bronze" for example? What are the rakeback %'s or is there a place to see this information. I'm just curious. Maybe I'm missing out. @OgNasty .... it really depends on how involved you are on the site. If you participate in the promotions and the weekly giveaway on the "Eddie" stream, then higher ranks gets more bang for their bucks, but that is debateable... because it is costing you an aweful lot of money to reach those levels. The Weekly & Monthly are also more... but you also have to consider what your inputs were to reach those ranks. So, for example to go from Platinum III to Platinum IV, you need about 1500000$ to wager to reach Platinum IV.... that is roughly $15 000 of your own money that you have to spend to get to Plat IV. (How many weekly & monthly and other promotions will you have to do to get that back... and then you still have to subtract the wagering that you had to do to get it)
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I am not too surprised by this decision, because the Russians are experiencing an energy crisis and they want to concentrate on the war.. and not on struggling to keep the lights on. Also, in some of these areas .. the Russian government are subsidizing electricity and with the war dragging on... funding for this is declining, because most of the money are being used to fund the war.
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Huge respect for long-term HODLERS like you. Also, shiba is basically my lottery ticket which could explode or collapse depending on various factors.
I am also in long term holder category but frankly saying I don't see any growth in Shiba Inu now and there was peak time when you could easily make decent profits playing short term game in it but at that time there were withdrawals problem but now don't see any positive sign for it but best wishes to you so see if this lottery ticket give you something. I think people should accept that the whole Shiba Inu thing, was just one huge joke ..played by Elon Musk on people who followed his tweets on Twitter. Do not bargain on it bouncing back to the prices that it reached during that hype period... because it's likely that it will never reach those levels again. I would much rather look at investing in the coins that popular casinos like Bitcasino.io are accepting, because that creates a use case for those coins. (There are constant trading in those coins... and it is not just a waiting game to see when a new pump will happen with the tokens with no use case)
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I don't know why you are surprised that old people like Warren Buffett and Charlie Munger are still grinding teeth about Crypto currencies. The old people believe everything they have done before are better than what the new generation are doing.... and they will never agree that new strategies and technology are better. It is understandable that they are loyal towards the financial tools and strategies that made them filthy rich, but don't shit on the younger people for trying something new. Also.... most older people resist change... and Warren Buffett is 92 years old and Charlie Munger is 99 years!!! So, time is not on their side ....
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I still smile when I think about the day when I went on holiday with my family to an expensive Casino & Hotel that we could actually not afford on our income.. but we needed the break..so we forked out the money for it. I played on some coin operated slots, but it did not want to pay... so I ordered a few drinks and just watched other people play. I noticed that one slot paid out regularly on a set pattern... and I waited for people to fill it.... and when they left.. I jumped and played on it ..until it paid out enough winnings to pay for our whole holiday.
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I do agree with you that the possibility of bots claiming the bonus multiple times is highly unlikely. Most systems have measures in place to prevent this kind of abuse. As for the wagering requirements, it's true that not everyone can meet those, but that's usually the trade-off for the bigger rewards.
I've also noticed that there are some bonuses that go unclaimed, especially during slower periods like the holidays you mentioned. It's possible that people simply don't have the time or resources to fulfill the wager requirements during those times.
I think stake is one of the most elite secure casinos out there not just because they care about it needlessly more than others, but because they have been attacked by bots many times before. Hell, between stake and primedice, I am 99.99% sure that they are the ones that got the most hatred of all casinos and got all the attacks. It meant that they had to protect themselves and they had to find a way to prevent bots from attacking. This caused them to learn how to defend by basically putting proper systems in place which would find if a person is a bot or not. I think it took a while though, it wasn't like that at first, but they got better and better at it. I honestly cannot see how these bots can be profitable with all the wager requirements that are put in place. I have made some calculations on how many bonuses are dropped and how much it costs us to wager.. and the cost to wager the minimum requirement to claim these bonuses... are much higher than the profit that they can make. Yesterday it cost me $14 to wager $1000 on Dice with a 98% win change.... so you have to successfully claim almost 10 bonuses at $5 each to recover the money you spend to meet the minimum wager amount of say $3500. You also need to deal with the constant errors to claim it... and the Capthas if you tried too many times. True. I made those calculations last year ago already and it didn't add up. The reward is waaaaay to low, it makes no sense. On Saturday's stream the wager requirement is now between 3-10k , and still Eddie is talking about bots bot bots. I think it's just a sorry excuse to raise the wager and collect level 2 verification. They did the same last year when they "tried" level 2 as a requirement, Eddie then said the "bots" register their whole village to claim the drops, this is crazy. Well, Stake should know exactly how much each so-called bot are wagering to match the minimum requirement to claim these bonuses... but I have to agree with you.. it is not about the bots anymore. We also keep record of our wagering statistics and how the minimum requirement are increased... way beyond the profitability of running a bot.... and this does not make sense anymore. Is there anyone out there that are running a bot.. that can comment with a "newbie" account here... to state their side of the story? Another thing is.... Eddie mentioned that they are considering to reduce the wagering influence done with Original games.... and this will be the last straw for many people..... because the house edge on other games are just ridiculous.
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Cameron and Tyler Winklevoss has a history of blaming everything on somebody else, they previously claimed that they created Facebook and that their idea was stolen. Now, they are lashing out against Barry Silbert and the Securities and Exchange Commission for all the trouble they have. Unfortunately the twins are playing into the hand of the paid mainstream media, by doing this... because these vultures are hungry for Crypto drama and they will jump on the opportunity to make a fuss about anything that can have a negative impact on Crypto currencies.
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So I do not see a lot of chatting going on about the coming ICC Women's Cricket World Cup? It is scheduled to be held in South Africa, from 10 to 26 February 2023. The tournament had been moved from its original date at the end of 2022 to February 2023 due to the 2022 FIFA World Cup.
What is your predictions for this Women's Cricket World Cup and do you think the host country will have a higher chance of winning, seeing that it is going to be in front of their home crowd?
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I do agree with you that the possibility of bots claiming the bonus multiple times is highly unlikely. Most systems have measures in place to prevent this kind of abuse. As for the wagering requirements, it's true that not everyone can meet those, but that's usually the trade-off for the bigger rewards.
I've also noticed that there are some bonuses that go unclaimed, especially during slower periods like the holidays you mentioned. It's possible that people simply don't have the time or resources to fulfill the wager requirements during those times.
I think stake is one of the most elite secure casinos out there not just because they care about it needlessly more than others, but because they have been attacked by bots many times before. Hell, between stake and primedice, I am 99.99% sure that they are the ones that got the most hatred of all casinos and got all the attacks. It meant that they had to protect themselves and they had to find a way to prevent bots from attacking. This caused them to learn how to defend by basically putting proper systems in place which would find if a person is a bot or not. I think it took a while though, it wasn't like that at first, but they got better and better at it. I honestly cannot see how these bots can be profitable with all the wager requirements that are put in place. I have made some calculations on how many bonuses are dropped and how much it costs us to wager.. and the cost to wager the minimum requirement to claim these bonuses... are much higher than the profit that they can make. Yesterday it cost me $14 to wager $1000 on Dice with a 98% win change.... so you have to successfully claim almost 10 bonuses at $5 each to recover the money you spend to meet the minimum wager amount of say $3500. You also need to deal with the constant errors to claim it... and the Capthas if you tried too many times.
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I have never been asked for any KYC details at Freebitco.in, but their Sports betting are very limited...so do not expect a lot from it. I think a lot of these casinos that are offering "No KYC" requirements are full of sh1t...and that is tested when they have to payout large winning bets. They will allow for smaller withdrawals or a lot of small withdrawals over time, but you should not withdraw a lot of money on a single transactions... then all the red flags are raised. Good luck, finding the exception amongst the many that are out there....
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