Well, the Monthly is out... so we will have a lot of happy people in the Chat channels now.... until the 16th, when they bet all of it.  Then we start the whole process again to listen to the people asking for a Post monthly. (birdies tweet tweet.... asking to get fed)

If Stake decides to take away these bonuses, it will signal the end of it, because too many people stay with Stake.com for these bonuses. Wagering has been almost impossible this last week.... I am getting $20 per $1000 wagered... which is pretty pathetic. 

Well, it's the same for anything that holds value : Your car .... your cellphone.... your Fiat wallet or even the pincode for your debit card. You are not going to stop thieves and criminals from taking wealth from you, but when you trust a financial entity from securing your wealth ...and they start denying you access to your wealth... well that is something different all together.  

Also remember.... people getting robbed are isolated incidents... but a whole nation being prohibited to have access to their wealth, is something that needs to be highlighted.  

https://www.reuters.com/world/middle-east/woman-holds-up-lebanese-bank-13000-her-own-money-advocacy-group-says-2022-09-14/

" One woman with a gun and some associates briefly held hostages at a branch of BLOM Bank (BLOM.BY) in the capital Beirut, before leaving with more than $13,000 in cash from her account.... "

" Lebanon's banks have locked most depositors out of their savings since an economic crisis took hold three years ago, leaving much of the population unable to pay for basics. "

Let's just imagine this scenario where you have to "rob" a Bank to get access to your own money that you deposited with them. We think these things are impossible, but it is happening and this is a reminder that it does still happen. 

Bitcoin allows you to be your OWN Bank .....and it allows you to have access to your own money, without any intermediary having the power to block it. Just make sure that you have sole access to your Private keys. 

Yes, that 30 minutes waiting time for the transaction to confirm, is going to be a problem.. if you use legacy Bitcoin. (Was this a SegWit transaction or Legacy Bitcoin?) The alternative might be to use the Lightning Network, if your customers are familiar with it... it is almost instant transactions at a fraction of the cost they are paying now. 

Well, good luck with your new business venture... I hope it will be very successful in the future.. just don't give up.    I will give people a small incentive to rather use Bitcoin over other payment methods, by introducing a discount for people who are paying with bitcoins. 

Well, KYC requirements can scale to a level where you have to supply the information that shows the source of your gambling deposits. I think Stake has done it in the best way possible... with Level 1 & 2 just covering the basics like email address and ID card etc.. and then at level 3 and 4 .. it requires you to supply the source of your funds.

So for the average gambler, you can just require an email address and ID documents... but when you step up into "highroller" levels, they can ask for "source of funds" information. The organized syndicates can even fake those documents, so nothing is really bulletproof. (You can hire 1000 small time gamblers to launder money for you.. there are loads of unemployed people that are desperate for income) 

Anyone want to take a guess how long Freebitco.in will go without compulsory KYC (Know Your Customer) verification? It has become a trend for sites to go without it for many years and then suddenly they change business model or they make KYC requirements compulsory. 

A lot of these sites get a gambling license from some "island"  and they are forced to implement KYC requirements to qualify for this license. Stake.com also have a flexible standpoint on this, but they reward players, if they verify their real identity. (this is a good example of how it should be done) 

I think the monarchy have a lot less "teeth" than what they had before, the Prime minister and the the House of Lords and the House of Commons are governing the UK now. The "crown" is just a legacy of the past that are uphold for traditional reasons.  

In any way, the decision to postpone all Sport in the UK last weekend, had a significant financial affect on the global economy... if you look at the money that they have lost. (Bookmakers and Sport stadiums etc...)  

There was a time when we were close to a 51% attack... and you know what happened?

1. Some of the miners in the Ghash.io consortium/Pool .... left the Pool on their own account, because they knew a successful 51% attack would be bad for everyone.

2. Imagine that you managed to pull of a 51% attack and suddenly the media gets hold of that information.... well, the Bitcoin price will take a massive hit and it will go down like crazy... because it will show that the Blockchain security are not strong enough to prevent such attacks.

3. The attacker will also lose a shitload of money... because 51% of the total hashing power is incredibly expensive. 

Let me be the "Devil's advocate" here....

Why are the developers evil and greedy, if they are coding things that people are asking for? You will always find that there are one breakthrough concept being released and then a trend forms around that concept, because the users shown interest in it.

The developers are simply giving the users more of the things they like. We always say.... look what people want.. and give that to them..and you will be successful.

I hate it when developers create something that they like .... and they do not do some market research to see what their target market wants.    Mobile gaming has become a trend..... and developers has noticed that, so they are coding what people are asking for. 

I have to congratulate you (OP) on one thing that you are doing right from the word go.... You are actively engaging with the people on this forum... and you are also acting on promises that are made. A lot of the new casinos come to this forum.... create a thread and then you hardly hear from therm again.

I know this takes a lot of effort and time to start a new casino... and having to spend extra time engaging with a forum is not one of the main priorities, but you are going the extra mile.... and that will be rewarded in the long run. Keep it up! 

So, I bought bitcoins when it was just over $300 per coin.... and I sold some of those coins when the price reached $1000 and then again at $18000 and then again at $40 000. It gave me a good boost, because I could use that money to pay off some of my debt and also to pay for things that I needed.

Now, I still have a full-time job... and lots of expenses that needs to be paid, but it is much less than the debt that I had. I can actually breath now.... and enjoy life more than when I was just a little mouse in the debt wheel. 

Well, you do not only have to use this "tip" to see the end result, before it is displayed on the screen.... you can actually learn some more about what is going on behind the scene, when you push the button. I was amazed to see how much information is send and how fast it was send, after you pressed the "bet" button.

You get some people who are simply not satisfied by only operating a machine.. they are curious to know how it works... and this method shows you some of the things that is going on under the bonnet.... whilst the machine is running. 

Now just imagine how much data are being send and received... when 11k to 15k people are online ...and dropping bets like crazy!

Ok, it will only be fair towards Bitcoin.. if they "regulate" the Banking sector too.. right? I mean... how much energy are used to run the Banking system? How much pollution is generated from their activities....

1. CCTV cameras + DVR's + Routers for security at all their buildings
2. Armored cars exhaust fumes from those large Diesel engines to transport the cash.
3. All those air-conditioning units in their building to make them nice and cosy.
4. Computers + Printers + Servers + switches + ATM's + card readers that are used.

So, how much regulations are forced onto the Banking sector to reduce their environmental impact on our world? 

Want to see what you won before the animation finish on the slots? ....well, try this :

If you use Google chrome ... go fire up a Slot and go to browser options and then more tools and Web developers tools and click on network tab.... then click on the output that are generated and click on Response...

It sometimes gives you the amount you won before the animation ends... so just play around with it. This side of the casino games are very interesting to observe.... because you can actually see what is send back and forth between the client and the server... and also the response time and how much data it is sending...  

Enjoy.....  

The problem with holding on to Fiat is this :

You have to take extra cautionary measures to keep it safe and to hide it, because it is a physical object. Ordinary thieves are familiar with it... so they target physical cash ..over digital cash.

Also, in a war scenario... people want to escape quickly with almost nothing on them that can be confiscated or raided... so to store an encrypted  Private key in the cloud, will be a lot better, than risking carrying loads of Fiat on you.  

I can tell you which one does not deserve to be the Blockchain capital of the world ===> New York!!

They damaged Bitcoin in the early days with their "BitLicense" fiasco ....when Benjamin Lawsky tried to create a barrier to entry to Bitcoin... by creating some of the most complex license requirements known to man. 

It later became clear why he did this, because he started a consultancy firm to help people to adhere to this license. (So he created a job for himself, because he knew his time as Superintendent of Financial Services were at an end.)

Yea, I followed that conversation.... but I ignored the chasing for VIP rank part.. because that does not make sense either. You need to wager between $3k to $5k per 1% to rank up to Platinum III ..... so he will need about $3000 to $4000 at a minimum to reach Platinum III.

So with all the bonuses, you will not come close to breaking even on the amount that you spend to get to Platinum III. I guess his goal is not to break even or to profit.... he is just chasing the VIP rankings. 

Let me take a guess..... you spend more than $2000 of your own money to wager that $332k.. right? How is a reward of $100 worth it, if you lost so much money trying to achieve it? Even if you multiplied it four times as you said..... then you still made a huge loss on it. 

I do not chase these challenges, because it is basically designed to reward a few whales..... the rest of the people get a fraction of a percentage of the big amount. Yes, it is a little bonus... for the money you spend on the site.... but it is so small... that it makes no impact on your losses. 

You taking a big risk.. being a "new" employee and spreading information about a technology that are highly controversial.    Most countries do not have proper regulations regarding "Bitcoin" and crypto currencies, so people are using it in a "grey" area ...when it comes to the law.

What if you done this and many people bought bitcoins and suddenly your government bans Crypto currencies? You will have to warn those people about the possible consequences of their decisions.... to cover yourself.

So is there any indication when they are going to play the matches that were postponed, due to the death of Queen Elizabeth II? They say it is not mandatory, but I think the whole UK sport community will honor this suggestion.

In any way..... Sport betting sites are going to take a little beating ..with less Sport being available. They survived Covid lockdowns, so it's not the end of the world for them.

I guess it's the most honorable thing to do.... she loved Cricket, so she supported the sport community.