thats because 99% of betting volume on that site is done by only one player at close to maximum bet size. If there are many players betting small amounts, chance of investor ruin is much smaller.
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Investors on that site use leverage x5 Kelly, so they have only themselves to blame.
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Great job fixing the graphs ... much work to do still, without 2fa I would never consider sending coins to a bitcoin site.
It is required to temporarily unlock the account before withdrawing. When requesting an unlock, our system sends a confirmation link to the user's email address. Clicking this link will unlock the account for 3 minutes. We are adding additional 2FA as soon as possible. Email isn't good enough for 2fa. If your computer is compromised, both email and password are known to the attacker. The idea behind 2fa is that attacker needs to compromise 2 devices - computer and phone. SMS counts as 2fa, but it's not convenient for traveling people - can't receive SMS when you are traveling to another country. Authy or similar is preferable.
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Great job fixing the graphs ... much work to do still, without 2fa I would never consider sending coins to a bitcoin site.
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OK, the issue has resolved now, CheapAir found the transaction in their accounts. Turns out, it came 0.0002 BTC short (tx fee), that's why the booking didn't complete. CheapAir generously swallowed 20 cents loss and issued me a ticket. But the lack of response on Coinbase part is disturbing. 72 hours for urgent payment issue?? Come on. And what if resolving my question required several back-and-forth communications, wait 72 hours each way? That like communicating with Martians.
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24 hours - no reply, nor to emails, nor on tweeter. Coins just disappeared into black hole.
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Sent emails, asked on Twitter, no reply at all; guess they are having a sweet weekend. Can't imagine paypal or any credit card payment processor behaving thus arrogantly when customer money is involved.
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Most merchants use BitPay and I never had any issue.
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Right, that's the issue, I need to book other things based on that ticket, and waiting days to resolve this is unacceptable.
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I saw so many coinbase complaints this days.I suggest to everybody who is in coinbase registered company country to call police and report that site if they are stoling money together in deal with other sites.If they stole you big money in your place I would go to lawyer and send coinbase to judge if that happent to me and I would ask for damage penalty money to send me to my bank account +money which they stole and they would never repeat it again to me.They I would stop to use coinbase wallet forever and unsubscrite from their wallet but if they send me only 1 message I would call police or again call lawyer and send them again to judge for annoying me on my private email.So my point is if they want stole you then destroy them and take your money.
I will consider that, the problem is there is no paper trace, everything is online.
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CheapAir support knows zero about bitcoins, they say only owner deals with Coinbase. All they see is payment not received.
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I should have clerified that I don't have any account with coinbase, just CheapAir happens to uses them as bitcoin payment processor.
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Btw, Wtf? Coinbase don't have a phone number?
Nope, they think of themselves as some kind of Facebook.
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I was stupid enough to try to pay for CheapAir ticket in Bitcoin. Transaction went through and confirmed but the merchant never received the USD. CheapAir support knows nothing about bitcoins, coinbase doesn't have phone support and doesn't reply to emails. Lesson: never pay BTC to any merchant that uses coinbase as payment processor.
EDIT: I don't have any account with coinbase, just CheapAir happens to uses them as bitcoin payment processor.
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Here is honest review:
Pro: Site exists for 2 years and haven't skipped town yet. Decent betting volume. Decent amount of marketing effort. Cons: Site is slow (just compare to just-dice.com). Graphics design is poor. Owners are deeply anonymous, no one knows their real identities, therefore can skip town at any moment.
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Yup, not responding. Is it over?
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I'd say it's good for lenders. You just create a facebook account and can collect money from stupid "investors". For investors, I lost 95% of my investment. First, half of lenders default. Second, you loan BTC but get back .... brazilian reals! which is not clearly displayed and you don't realize until your coins are gone.
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