The problem with everything you mentioned, boils down to unqualified people getting into positions of power. The moment when "merit" and "qualification" and "experience" is ignored to favor the appointment of a friend or a family member with political connections... then everything spiral out of control and eventually collapse.
Those people usually misuse their power and are not capable to do their jobs... and poor decisions or decisions that are made to enrich themselves or their family or friends (tender corruption) ... will eventually destroy the country.
The people in power will protect that power with guns... so it is very difficult to stop them.
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The thing is, most casinos give people the option to self-exclude themselves, but they do not offer relatives of the gambling addict the option to exclude the family member with the gambling problem.
The other thing is, even after self-exclution... gamblers are bombarded with gambling advertisements, so the temptation is still there in their face. (Casinos should remove all marketing to those self-excluded people)
The gambling addict should also take resposibility for their actions and accept that they have a problem and that they need to seek proffesional help.
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The casinos all have their own different reward systems, so it is not easy to compare them. A lot of them are also not very transparent about the calculations that are done to receive these bonuses or VIP rewards.
Take the Stake.com bonuses as an example, most people have an idea what the base amount is for the Weekly and Monthly, but they do not know the rest of the formula, because it depends on what you wagered on and how much you lost.
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Everyone knows the bitcoins in the "Genesis block" are not speneable, so they send bitcoins there to burn it and also to be part of the history, because that block gets the most attention. People get a bit of notoriety, when they send bitcoins to a block that started this whole experiment.
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I know some African countries has adopted the use of M-Pesa (A centralized digital payment system, that has been developed before Bitcoin existed)
I think governments like something that they can control and centralized services like M-Pesa will be their first choice. (They cannot monitor or manipulate Bitcoin transactions or block Bitcoin transactions)
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One piece of valueble advice I can give you, will be to take it slow. Wealth are built over time, it is not something that happens over night.
Buy as much Bitcoin as you can afford and hoard it over a long period and ignore the short-term volatility in the price.
Buy Low & Sell high... rinse and repeat.
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Why would a strategy like this work? The only scenario where this can be succesful, is when there are mass manipulation of different games or fights.
I think this is just a Sport betting myth and not something that can be statistically proven. If this was true... everyone would be doing this and casinos would have gone bankrupt.
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I do not know if you noticed a lot of forum threads on this forum, where people participated in Sports betting and then got their accounts and withdrawals blocked.
The casinos use more or less the same Sportbook operators and they keep logs. So your IP address or Mac address are monitored and flagged, when you do this. So, one moment everything is working fine, until your account gets flagged and then blocked.
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You should consider using the Bitcoin Lightning Network for payments, because it is much faster than Blockchain transactions at the moment.
Also consider offering some kind of discount to people, if they are willing to pay with Bitcoin to incentivize the adoption of Bitcoin. (Example 15% off for people paying with Bitcoin)
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I think it is a good idea to have a summarized look at all the accusations that are lodged against the casinos in one place, because people will have a one stop glance on what is going on in the casinos as a whole.
This should also be placed in the gambling discussion section and not hidden away under the scam accusation section, where there are much less traffic and activity.
Thank you for the effort that you put in to gather all this information.
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I will add "self-indulgence", because we tend to waste money on things that are not neccesary. Just calculate how much money are spend on takeaway food every month and see how much money would have been saved, if you made all of those meals yourself. How many people waste lots of money on smoking and drinking and not looking after their health. Let's spend our money wisely and not wastefully.
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Let's imagine for a moment that you can bet say $0.20 bets for 1 hour and then suddenly increase the bet size to say $5 to win a much bigger jackpot, would it not bankrupt the casino, if that worked every time. The system unfortunately does not work that way, each bet is unique and it has nothing to do with the previous bets or your future bets. Sport betting is a bit different, because your odds and your bet size determine the amount you win. You do not know what the outcome will be, so you take a risk on the odds to place your bet. If your odds are 30:1 ...would you have taken the risk to bet a higher amount?
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I also consider one of the basic elements of success to be the reliance on the BitcoinTalk forum, whether to launch advertising campaigns or to be an official channel for communicating with the community. Stake platform representatives on the forum are very active, and activity on the official announcement does not stop either.
Activity on the forum could give the brand a huge boost and strengthen its position in the crypto gambling market. We do not forget that bitcointalk is the largest crypto space in history and that it will be difficult to impose its presence in this market without relying on it. All platforms that started their journey in this way have succeeded and have been followed for years.
Please show me where Stake platform representatives are very active on this forum? Yea, you are correct... there are almost zero interaction, apart from the occasional Stake promotions that are posted. I think they should hire someone specifically for that purpos, like some of the other sites are doing on this forum. I think they reckon, if someone needs information.. they can contact the 24/7 customer support and those staff will provide it. It would be a valid point, but open communication on this forum, will reduce the call load on those people.
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You can always use the "Lightning Network" if you want to use Bitcoin as a currency, because the transaction fees are much lower and the confirmation time is also much faster.
The congestion on the Blockchain are caused by things like Ordinals, but Miners push through those times and it gets much better over time. We are hoping the developers will find a way to reduce the "spam attacks" that are caused by those types of projects.
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There are always some negative connotation when it comes to gambling and people who gamble. The average Joe see that activity as being irresponsible and addictive. There are also many religions that do not allow gambling, so if you or the community around you, belong to one of those religions, then this activity will be frowned apon. I am lucky.... my neighbours do not care to put their nose in my business and even if they did, I would not have given a damn about what they thought about my personal activities.
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The majority of countries use loans from strong first world countries to fund their large government projects or to supplement their national budget. The government expenses are usually a lot more than what taxpayers can contribute to the national budget, so then loans are used to make up for the deficit.
Banks also never keep all the money that are deposited, they loan that money to other people and only keep a small % of that to honor withdrawals. If there are a "Bank Run" and a lot of people start withdrawing money at the same time, then they can run out of money.
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Hi, guys
sportscasino.io requires no kyc, delivers instant payments. Amazing sportsbook and casino experience.
Please share your thoughts here.
So, will this be for the first 6 months of operation, until the regulators trace you and flag you? A lot of the new casinos does this as a "funding" phase and then they kick the people from the restricted countries to the curb. We know this whole "No KYC" thing is just a marketing tool to get people to fund their operation. People can signup for this, but they should get a time-frame until when this will be applied.
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Thanks for the clarification but I still miss to understand the reason of this singular requirement needed to withdraw : I could understand and agree with a 1x wager requisite with the AML explanation, but then am lost again when I read that any further deposit need no wager at all to be withdraw-able opening the field to a possibility of ML.
Most casinos only require a wager requirement when they offer some kind of bonus with your deposit. So, I also do not see why a wager requirement is neccesarry for deposits without a bonus? In any way... I avoid casinos with wager requirements, because it always leads to conflict. Why do you want to anger new customers with misleading requirements on their deposits?
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I think the BlackRock ETF application has a high chance to be approved, because they had multiple opportunities to review and also to correct their mistakes. The SEC has to have solid reasons not to approve it and they will have to be ready to defend it... if it is not approved.
The decision is more based on political agendas for the upcoming elections, so it can go both ways, depending on who is supporting it.
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I see some slot providers are offering slot games with "enhanced RTP" or even a option to increase the bet amount to increase the chances of you hitting the FREE spin feature.
Do you actually believe that this is a real feature and that it does give you a higher chance to win? I think it might be real, but it is insignificantly higher than your normal RTP. ( 0.5% to 1% better )
Have you played these games and have you seen any difference in your win percentage?
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