I thought the forum have a rule stating that it shouldn't be used, take a look at how campaign are having these bonus of a thing, I really can't remember the manager but they do give bonus for best post, don't you think most of them do use AI to advance their post.
@Jessie2121, on this forum there are too many smart people and you can not outsmart everyone while using AI to make post, if you do that frequently, you will definitely be caught and yoy will receive a red trust. What you are saying about wining bonus with AI post is just a false because no body will make post consistently with AI without being unnoticed. I haven't seen anyone who was given a red tag because they made use of AI; rather, what they have been given as a warning is neutral to warn others of their involvement in AI usage. Aside from the neutral, it seems there have also been some adjustments to the forum rules because I have seen users getting temporary bans due to AI usage and some permanent bans too, of which I don't know the length or gravity that is used to decide their punishment. Regarding the red or neutral flag, well, it's obvious that it's what you've not seen as you said, so I should not go there, especially for the reason that I have not also seen it. But I doubt it if there won't be such cases, particularly if the detection is 100% when software is being used to ascertain it. But as you said, I am sure that many would have been banned due to the use of AI. Do you know why? Though, we may not be investigating each case, nevertheless, what is important here is that there is no way you can be using AI to generate your posts and not plagiarise, and plagiarism is seriously frowned upon on the forum. This invariably means that many would have been flagged to have warned them and later got banned for such an offence if they were warned but didn't turn a new leaf. As for the extent of the punishment, I don't think there is a lesser punishment than permanent banning in this situation unless such a person later begs or appeal somehow. |
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No. Withdrawal will be in the cryptocurrencies. But it will be recounted in the USD or local currency for tax services. As the result gamblers have an opportunity to use cryptocurrency without conversion, the casino don`t cares about it and when the gambler withdraw his money - the casino get result for tax services. If they need difference between deposit and withdraw - it is possible to count twice: during the deposit and during withdrawal. And nobody cares how price changes between these counting.
Now I fully understand. All my thoughts were that you guys were referring to the dealing between the gambler and the casinos only, and the way some casinos could make their deposit and withdrawal flexible for customers made me think that way, needless to say also that it is also happening elsewhere, at least it is happening in the world of trading and investment. However, for the tax payment, it is a very good bargain for the casino to be paying according to the agreement with the country they domiciled, anything other than this could lead to sanction. How many countries of the world would even collect cryptocurrency from you in this current dispensation? Except for a few that are now focusing their beam on a thing like that for investment purposes. And I think El Salvador will be an exception though since such is a legal tender in the country. But the rest of the countries of the world, or should I say the majority, they will frown at that as they may only regulate your cryptocurrency activity but when it comes to payments, they either accept the hard currency like the USD or their local currency that they are used with. The problem is that even in countries, where it is possible to use cryptocurrencies, you have to pay taxes in local currency. And if you use BTC, you have to convert it to the currency that tax service can calculate. And if you convert it for gamblers - they would be disappointed if BTC will grow up. So, i think that it is the only decision, when everybody will be satisfied. Of course, I understand the plight of the government in those countries, cryptocurrency is not such that is direct in payments and settlements as fiats currencies, so it is better that they only opt for the fiat currency for tax payments, especially in their local currency if the country is not multinational. Even if such is multinational, the end-exchange to the local currency is important to avoid more stress for the government. Also, I would like you to know that countries could allow cryptocurrency but still not a legal tender in their country. For those countries, you can't ever pay the government's tax due with cryptocurrency, you will have to pay with fiat currency depending on your agreement (local or foreign). But for the countries that have made Bitcoin a legal tender like El Salvador, I believe they should allow such an opportunity in tax payments as well, unless they are not practising what they preach which will be so bad. It should be optional in this regard at the convenience of the country in question. As for the conversion for their customers, they do not have any right to do that, and in my opinion, they are even breaking the AML law. By doing that, they make it more difficult for auditors and investigators to locate, and I believe it is better they even send back withdrawals the way money was deposited into the customer's account. |
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I don't like the locked Reputation topics, but I don't think it's worth changing the rules. Scammers have been using locked threads on the Marketplace boards for years, and the rules didn't change. I'd argue scammers are worse than someone hurting someone else's feelings.
I quite understand the school of thought you are bringing this from, but at the same time, we should canvass for equity and affairs for all. The suggestion will also stop the dire need to keep opening new threads for the same purpose just for defence or counterattack. The fact that scammers are doing worse should not be taken as the basis to overlook what is not good just as it is also been overlooked in some other aspects of the forum where rules are supposed to be adjusted for obvious reasons. Unless what the OP alleged is good, I believe changing rules to address it is important. |
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I recommend checking out Rocky token associated with Metawin which has grown well over time. You will not choose from the top-rated ones and even those ones that are listed below it? Why? Well, I see sense in choosing these three if the person indeed wants to invest in gambling coins, after all, the RLB is the leader among all of them, and as Bitcoin is the leader in the cryptocurrency world, it is always moving gainfully in terms of the capital inflow than others. The same was what I noticed with the RLB itself.
He clearly specified that he wasn't earning much from some of the ones that he held onto which is why he isn't interested in top rated ones. This is the general consensus since gambling tokens don't really perform well in the long-term. Oh, Rocky token, I will put my eyes on that. But at the same time, what is confusing me here are many. The first is that I can't actually decipher the correct meaning of the word "associated" as used here, as it could mean different things. Is it their direct coin, an affiliation or does the project owner just have a link with the casino in other ways? The other one is that there are other METAWIN tokens like MTN tokens and META tokens according to my research. I am a bit confused now, and a small enlightenment could be useful even as I wait for @AmoreJaz to furnish me with his preferred tokens as seen in my last reply to ascertain his preference(s). I also quite understand his plight on those listed tokens, it is a general plight as we all expect so much in cryptocurrency. Nevertheless, RLB has made significant movements in the past if I must say, and just like any coins and tokens, they have their time and season, and the future is still promising in my opinion. |
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As you said, if the casino is such that restrict our country, we should not play smart but abide by it. After all, such a casino is not the only caisno in the universe.
Unfortunately when gambling is illegal in your country, most of the top casinos would also comply and will not cater your country. maybe there are some out there that will cater, but you have a pause for a while and question their reputation as there are only few license provider in the industry and most of them have a similar rules. That's why some people are using VPN to gamble, but it's cheating, so they have to be aware of the consequences but if they accept the risk and possible consequences, then that's really up to them, what they just like is to enjoy in any available ways. I am aware of what you replied with but it is a bit different from what I stated above. This is not the case of the country of the gambler disallowing him to gamble but the case of the casino restricting the citizen of a certain country from gambling on their platforms. They are two different things. This means that gambling is not illegal in the country of the person, other casinos are doing just fine there, but some casinos are not just allowing them to gamble due to restriction rules. This is common today for many reasons which could include the regulation and cooperation of the countries in which the casinos are domiciled and the gambler lives in, their relationship may not be cordial in gambling regards. Many other reasons must have caused it as well, which is like the prevention of capital flight through that, and many more. |
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There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.
The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.
There have always been alot of misconceptions and propaganda again cryptocurrency and bitcoin most especially which is why we see alot of attacks from various government a and some of it agencies around the world, even though all the criminal who use the fiat monetary process have been left unchecked and uncaught until now, but their are quick to sponsor hate statements against the industry today. The government have failed in to act right to regulate the financial institutions, and also making a misplaced priority by chasing the wrong fight. You can't certainly blame the government in this regard, cryptocurrency caught them unawares, so getting used to it will take time. You can't also blame them as some speak against it while others either ban, restrict or advocate/enforce strict regulation, it wasn't the same reaction by all which indicates Hope. What they've always known was fiat which is a centralised system and is what they somewhat trusted because they still have control over it despite some illicit flows. As for the illicit flows, criminals and money launderers continue to find means to outsmart the government even as the government continues to block some and unveil some perpetrator's schemes and even jail many of them. This has been the tough task the government was fighting and still fighting before and after the introduction of cryptocurrency. Now that cryptocurrency was introduced, it became an added headache for them for obvious reasons, and if you were the top leader in the government, would you feel differently if you were genuine? As we know, it takes harder tasks to solve the puzzles of cryptocurrencies than fiats, and the common claims that criminals are using fiats are not even a contention here because the government will never deny that. But it seems people continue to reference it which is supposed not to be so because the primary concern of any responsible government is to build and maintain a sane system where illicit flows will not happen talkless of causing the financing of terrorism, trafficking and others. The only way they can do this is to get better control of cryptocurrency which is what they're trying to do these days through various regulations, and this is for the good of all as decentralisation will always come with its danger whether we like it or not. There is a dual effect on bitcoin holdings and crypto that is difficult to remove. On one side you are using it because it attracks a certain kind of use that uses crypto to play over and over and sometime they might be linked with crime. However the effect also plays against in the sense of the seriousness and credibility of the flows and that is the con to the pro. This is normal and the mind of an average human being will always be selfish. The law and the regulations all around the world and the crypto space are keeping the check to a little extent, if not, it will be worse. Now, the cryptocurrency has the flaws of its own to aid and abate enough illegal inflow and outflow, don't you think that the people will be using the opportunity to perpetrate their evil deeds? For many years now, scammers have changed to crypto for their illegal dealings, and they talk of more illegality in movies in the constructive approach in which they plan it with cryptocurrency and it is more popular now than fiat. Aside from the movies associated with bank robberies, it is cryptocurrency you will be hearing when it comes to illegal flows. That alone should ring a huge bell in the head of any right-thinking person that this industry needs more regulation. It is such an industry that was created with the intention of making the government have no say, but now, with its loose ends, the government is making improvements in doing its best for the sanity of the world, which I am 100% in support of. Or else, it becomes worse issues over time if such menace is not checked now. Regulation is the key, and I implore strict regulation still, after all, if anyone has nothing to hide, there can't be fear. The fear of what? So long as cryptocurrency is legal in your country, then leave the government alone to do what they need to do. That's my advice for everyone, by the way. |
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The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
What you just pointed out is what I term the lousy nature of many Bitcoin investors and speculators, I've never given it a thought because I know their type. It didn't just start today, it has started the very time Bitcoin has started gaining prominence. These guys can simply be called gamblers, and since many of them predict the price of Bitcoin when it appreciates upward, it is often easy for them to be correct, especially when the asset is in a strong bullish trend. Nonetheless, they are guessing on instincts and they are mostly wrong when they are either outrageous in their prediction or they predict the market when it is either stuck at a point or is in a bearish trend. And now that their expectation is not working pretty fast, they keep mute and get discouraged. Wait till the Bitcoin price is moving higher, especially if it can breach and hold above $75,000, they will suddenly come out of their hiding and start running their mouths once again. |
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I think the discussion about problems with BTC for offline transactions is getting a bit off-topic for this thread, it would be better to start a discussion in another thread IMO. Whether Bitcoin is easy to use for everyday transactions has little relevance to the government regulating cryptocurrency casinos, especially when most of them are online. Even if there are offline casinos that accept Bitcoin as a payment to buy chips, the law likely considers Bitcoin as a legal means of payment even if they don't lump it together with fiat. CMIIW.
It may be so, but the same time it shows the difference between BTC and money. I think that it is important enough and discussion about such problems help us to get an answer to the OPs question. @joniboini, there is no big deal about this discussion, after all, this is a forum, it's a place to discuss what we do not know and this certain discussion is even technical and the OP has a valid reason to have thrown the question on board. Bitcoin on its own is decentralised, and so is what was supposed to be for all that is linked with it. But the OP forget that it is not about privacy anymore when centralised systems are using Bitcoin, there must be some revelation (transaction tracing) through it. And since they cannot hide and are still working under some certain jurisdictions and law, they must abide with some rules and regulations, and hence, the need for the licensing. However, that simple explanation could have eluded the OP which must have birthed this thread, and I must say it is an appropriate question yarning for clarification. Also, @mak013, For me, this shows no difference between money and Bitcoin but the OP wants it to appear so. Bitcoin is used just as fiat could be used in this context, and no matter how it looks, once the dealers (any company whatsoever) using it are centralised, then Bitcoin loses its characteristics indirectly in relation to the dealer. So why not get licensed (the companies) when you do not operate a decentralised system like Bitcoin? |
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True gamblers or those who are playing for the profit will notice the difference of a small house edge from the larger ones and as long as they are playing on a legit casino because some shady casinos can only display numbers while the truth is they are still manipulating their games.
At the end of the day, there is still what we call a bad luck apart from the good luck. So, no matter what variables are there that we see in our screen displays, I'm very sorry to tell that we can still lose it all. As a player I don't focus on the house edge, therefore it is not an attraction for me but it's an advantage for a casino to have a lot of good features.
There’s no way to determine the house edge difference by just observing your game because it requires the overall game summary for that specific game to determine the house so it’s really impossible to notice it unless you place a huge volume of bet to get a very good sample size for house edge. That’s why playing on trusted casino is a must so that you can assure that the house edge they displayed is legit because there’s no way to verify it manually using your bets. Thank you for this my friend, and I must say that I read some things on this forum in surprise, especially on how people believe heresies. I wonder why I will believe the house when they cannot prove a dime that they have a certain house edge in the percentage. What is the basis for me to just believe such? Many gamblers are indeed gullible in this regard and the lack of reason for me to believe this kind of a thing was why I never took the main OP seriously in the first place. Quoting that casinos have a certain house edge may not exonerate the gambler from cheating, they are the ones calling the shot and they will only let you know what they want you to know/believe. Even provably fair is not true anymore these days, we should only pray for luck even as we gamble wisely and responsibly. The use of good casinos is a very key point here as you said, because no matter what, in the end, you will be treated averagely fair in the worst-case scenario. |
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Agree with you mates the every casino matters on the behavior of the operator not the casino itself cause when the operator or the owner is not good then the casino will become not good.
the casino is representation of the owner so if the casino is bad meaning the owner is bad you cannot differentiate them because they are one that's it. I think he can differentiate them unless you do not know the gist itself, and how casinos and other businesses operate. First, let's establish the point that many of these companies, casinos and businesses you see around you, and even online that have many branches and channels might not be the ones operating all activities directly, it could be partnerships/franchisement arrangements which may cause some issues at times. Also, even if they are from the same owners, the direct management may vary per branch, which is why we can't always blame the parent company or the headquarters. Just because the main owner is not the one managing it, an ugly occurrence could happen down the lane. But it gets worse when it is a partnership/franchisement arrangement that is not well monitored where the headquarters will allow some operators/agent to use their names for some partnership gains. Even as the headquarters thrives to deal with their customers to satisfaction, the partner may do otherwise thereby soiling the name of the company. This is happening so much in casinos, but the wise one will always know who is to be blamed. At times too, the headquarters could be at fault, but most times, it could be the operators/agencts even as the headquarters has done its part excellently well. So, who is to blame in this regard? |
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-snip-
1. RLB - from Rollbit
2. FUN - from freebitco
3. BFG - from Betfury
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1.. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?
Won't choose any from the above-mentioned tokens. But I am still holding some fun tokens. I purchased some long time ago. But seems that the price is not progressing. I bought when it was about more than 100 sats. Just take advantage of the benefits that come with it. The price right now is only 9 sats. For BFG, I already discarded these tokens long time ago. I even staked some in biswap before. But for me, at that time, it was not worth holding anymore. Thus, selling them. You will not choose from the top-rated ones and even those ones that are listed below it? Why? Well, I see sense in choosing these three if the person indeed wants to invest in gambling coins, after all, the RLB is the leader among all of them, and as Bitcoin is the leader in the cryptocurrency world, it is always moving gainfully in terms of the capital inflow than others. The same was what I noticed with the RLB itself. However, others like FUN and BFG are not so top in the rating, nevertheless, they are still performing brilliantly when the gaming coins are particularly performing well across the entire market board. Besides, I am curious, what gaming coins would you prefer to invest in if you do not invest in these ones? I am not talking about those ones that are not linked directly to a gambling or gaming company. Let me learn from you. |
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Well, it is normal that when we are looking for something to do and the problem arises, it is when we realize certain things, I am very open to VPNs, for me it is an ease for what was Requested, I do not understand it , but Everyone in The earth must have the right to do things well and be allowed everything, in no way can they prevent the use of a VPN, if we start from the origin of Things it is Feasible that all this is generated thanks to the requirements and regulations of the governments, Governments that really do not care about people but About their own and particular interests, therefore when we are carrying out any type of recreational and fun Activity it should be free, if a casino does not allow VPN I think it has to do with that? Future work on him asking to accept it, I think that would make a Difference.
Going by the ways of the governments, they finds more pleasure in things like this to have restriction for, because it will not allow the people to do anything they like, if we are going to firstly consider the needs for the use of VPN, we can deduce that such is being used to prevent us from sanctions from sites that detects our ip address for any reason against their ethics, which government also will not want to see us having that same kind of freedom online to launch out to anywhere we want beyond their reach. We do know that in each country will really be having that different jurisdiction when it comes to gambling on which it could neither be banned or something legal/allowed. I dont believe much about those VPN friendly platforms on which we know that if there would really be some ending up on legal conflict then it would definitely be a huge mess but since it would really be so damn hard on making up some tracking into those people who had bypassed out those restrictions then you could really expect that it is really that something that will be happening. This is why it would really be that important that on the time that you would be registering on a site then seeing those TOS and check out if there are some excluded countries. If your country is really listed there then skip out and find or look for another one. It would be ideal that you wont really be forcing up yourself on playing into a place on which there's such prohibition. The simplest thing to do in this cases is don't gamble if you know they ban your jurisdiction since whatever angle you see they are really restricting you to access their casino and using VPN is somehow a violation in their terms. So its better to avoid any casino that restrict your access and much better to gamble on the casino which you know that doesn't implement anything cases like that. Also use only a vpn if the casino said they allowed it and if you are not comfortable on the places you are on since sometimes its really helpful. Well, you have some good points here, it's very good that we follow the rules and principles of the casinos we are using and also acknowledge the fact that they have the right to do and undo in some cases. If casinos could say one thing or the other in their favour when a gambler is not guilty, how much more what they could do or say if the gambler is indeed guilty? That's why the reading of their terms and conditions is vital, and what we do not understand should be well-tailored with the representative of the casinos for proper interpretation. As for the use of VPN usage, it is better that we just avoid it entirely. As you said, if the casino is such that restrict our country, we should not play smart but abide by it. After all, such a casino is not the only caisno in the universe. But what I will like to add in this regard is that even if the casino claims they allow the use of VPN, still do not use it. Out of experience, many gamblers are not victim of the multiple account allegations, but some are mere victim of the use of the free and cheap VPNs. Once the VPN is not allocated to you personally, anything can happen. But the sadest part is that casinos will not even investigate it but label the gambler a cheater so that they can steal his money. |
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Once you provide your kyc forget about you identity, it might not be revealed to large number of people but what I do know is they know about you already .
That's one of the biggest fear on why some cannot pass on the KYC policy, but eventually all casinos will require KYC and we have no choice. They are regulated, therefore we have to trust them, yes, the trust is very important, otherwise we'll just choose a decentralized gambling which I don't know if there are games that are popular in their. Let me start from @promise444c5, what are you afraid of for a company to know you? Don't you know many companies and all that they stand for? I do not see this as a big deal. Daily, companies are collecting people's data and they will continue to do that for the safety of our society. That might not have a direct meaning to you, but for national security, collecting data is vital. Fine, data could be leaked, but this is not an automatic thing, it is not as elaborate as many take it. You can see that this is a thing of pros and cons, and if we look at it very well, the pros outweigh the cons, unless you are just selfish to believe that the security of the entire nation, and perhaps the world is lesser compared to your personal privacy, despite it not automatically leaking. And @Russlenat, you are certainly on the right point, you've said what any reasonable person should say. In the world we live in, had it been that there was no crime, there would not have been a thing like the KYC completion, it had never existed decades ago. But due to the reality of the world we are in now, it exists, it is we who should support the course and not complain even as we find means to protect ourselves. As it is now, good centralised systems do not have a choice, they would ask you for it. But if the gambler is so determined to preserve his details against KYC sharing, he can opt for the decentralised system, it is not by force. |
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Everyone who has developed his own gambling strategies will believed they are the best, i wont doubt about that because that is what we are using on gambling and still fetch us wining sometimes, however, there is more need to be able to develop more on some of this strategies, revise on them and make use of additional ones to help have more better gambling experience, which is one of the best reason why we need to developed gambling strategy, so that we can enjoy gambling each time we are doing it.
No gambling strategy can give you 100% winning ratio. This in most cases will just help to secure more winning. The funniest thing about this strategy is that what works for me may not work for you. Having one own strategy and working with it is the best when it comes to gambling. You have a good point here and it's high time that those who are venturing into risky engagements like betting face the reality of them. Many would want perfection, but there is no perfection anywhere, it is all about you, and how you can reason and manage the situation, that's what matters. As one of your remarks insinuated, it is just the reason that is making people have different results regardless of whether or not they were taught the same thing, the same way, by the same person and at the same time. Also, the reasons why there are differences in outcomes are many and could be differences in dedication, dynamism/flexibility, management and control by the gamblers, and the control may even entail the instinct of the gamblers as well. In all, let's endeavour to find the right strategy that works generally but now use it uniquely to help us achieve our personal gambling preferences and goals. |
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Despite of all the challenges many of the gamblers are having while they are gambling due to some other reasons they personally contributed to or the ones that are inherent to them, how many of them are still finding it something interesting to quit gambling at the cause, gambling is not what is that easy to just say with mouth that we are quitting or we are providing a solution to the already wrongs in it, there are process and requirements needed.
lol the process of quitting is to admit that you are addicted and you need to quite . the requirements that they need? is to admit that they need help and they must quit. Look at those?? similar thing and admittance is what they need to win against gambling . betting is not bad if you know how to handle but if this affecting your life then that is not a good thing. The first step to quit any addiction is to just want to do it, the majority of those that are still immersed in it are in that situation because they want it, they cannot conceive their lives without gambling every day for hours, only those that have gotten tired of that lifestyle and want to recover a bit of what they lost can begin the process to heal, a process that is definitely difficult and that it can take a massive amount of time, but it can be done, as there are many people that leave their addictions behind and never fall on them again. Actually that is what i've said mate , that it is self acceptance first before you can win in this battle because gambling addiction is like fighting for your own desire and decisions , even how many people wanted to help you out as long as you are not helping yourself this will turn into nothing but continues addiction. You said was right on which on the time that you wont really be able to help yourself first then other help from outside would really be totally pointless or useless because you would really be that definitely be playing back again and this is why it would really be that important that you should really know on what you are doing. Quitting gambling might really that sounds too that easy to be done but on the time that you are really that making yourself on such condition then its something that would really be that too damn hard to be doing on. Those who are later looking for help and fighting gambling addiction are certainly at fault, it's from the beginning that they should have avoided that to avoid wasting themselves and their finances away. Many would not learn about gambling but just dabble into it, they never knew how it is being engaged wisely, the dos and don'ts of a good gambler and many more, but will just start because they believe they could try their luck since it is easily accessible, but instead, they start losing and exhibiting a very bad behaviour regarding it. Well, it is never too late for anyone and every gambler could be healed whether they want it or not, that is why they need more external help if they can't help themselves. And yes, it will be nicer, easier and quicker if the gambler has the Willpower in them, it may even make them heal all by themselves, but when they cannot after trying many times, external help is the key. This may start with their friend, family and loved ones, before moving to the expert level if such close external help does not work. And if it's the experts in the field of psychological healing like psychologists, psychiatrists and therapists, they can unlock the Willpower that you guys think is impossible, so that the gambler can control his consciousness and fight within as well. That is the first goal of all experts even if the gambler or the addict seems uncooperative and unwilling to be cured. |
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If KYC is must, I think they mustn't allow users play/use their casino until they fill their details and get accepted rather than let them deposit and play from the very beginning. It may be somewhere in TOS but letting them play/deposit but deny withdrawal asking KYC is totally unfair and somewhat scam/cheating. Then it will be like one way door. One can enter but can't exit.
If you are preaching fairness, you might preach from now till eternity and nothing will happen and once the law of the land is backing them up, you have no say here. This is why we should be conversant with the happening around the business we do, and even if we can't read all the terms and conditions, we should endeavour to read the important parts that are crucial to our immediate dealings with the casinos. And as long as a casino is not preaching no-KYC, they have every right to ask you for the KYC completion at any time. It is we customers who should try to be up and doing and expect it at any time if we can't do it from the beginning. No one will pretend that the KYC is not supposed to be done, and whether they ask for it in the beginning, middle or at the end of our plays and transactions, it does not matter. What matters is for us to make sure that we do it since that's the standard procedure while dealing with duly registered casinos. So, instead of preaching fairness, we should stop being too smart in our ways to be playing too relaxed with good casinos, such gamblers should be blamed and not the casinos when they eventually ask. Even if you are not sure of the casino, why not ask them directly if they will ask you for the KYC completion or not so that you know whether to leave or continue playing with them or find time to complete the KYC earlier instead of crying foul later? |
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Is there a way to invest directly in stocks with crypto? I'm talking about depositing BTC or any altcoin in a broker/exchange and use the funds to buy a stock of your choice. With crypto getting popular each day, it would be disappointing if we didn't have such a feature. It's likely stocks will be tokenized on the Blockchain the future. If you know of any broker/service/exchange that allows this, please let me know. Thanks.  I would like you to perish the idea that stocks would be tokenised in the future, it's cryptocurrency copying the idea of the stocks and not the other way around. The worst is for more centralised companies that have their listing on the stock market to also have their companies tokenised as well if they like. It is an aberration to say that stocks will be tokenised when they serve the same purpose already. Stocks serve their own in the centralised/fiat market while tokens service their own in the crypto market. As for your query, what difference does that make? After all, if you deposit your Bitcoin in such a regard, it's not that they will credit you in Bitcoin, they will rather credit you in USD and other hard currencies. Why not use your fiat when you can easily convert your Bitcoin to fiat yourself? Also, I advise you that you should not due to looking for such a service and become a victim of a fraudulent service, be warned. And if you must do a thing like this, you might want to use one of the good traditional FX brokers offering stock services too, the common ones like HFM. Just know the cost and weigh your risk. |
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The fact that Binance even has issues with my country has made me almost completely stop working with it...
Binance doesn't have any issue with our country. It's just this present administration that has an issue with Binance and cryptocurrencies in general. I believe you would've realized that now and with the OKX thing too. I believe this attitude is likely to spread to many more exchanges. If Binance had an issue with Nigeria, it would've frozen assets belonging to Nigerians on its platform long time ago. Nigerians still can trade their cryptos on Binance till date. It's just that we can't convert to the local naira. That's all. This shows that government was the one that asked Binance to remove the naira pair on its P2P. It's the same naira pair removal thing on OKX. I believe it is the same with other fiat currencies. They removed them according to the government's mandate.A lot of traders are actually using the p2p services of binance because of the credibility of the platform. Now, these people need to find alternative trustworthy p2p platforms. However, I highly believe that binance management is working on complying the regulations of those countries, in prder to get those traders back. Well, I believe that many exchanges are afraid now to avoid suffering the same fate that Binance is suffering at the hands of the Nigerian government, especially the way they abducted their executives in a very shameful manner. Going forward, many exchanges will delist the P2P activities on their system but many will still dare the government and continue to offer such a service. To me, I see P2P as no trouble at all, only that our government is just looking for what to blame as usual. Even if the centralised exchanges stopped the P2P service, what about the decentralised exchanges, will they enforce such a law and instil the same fear in them as well? That will not work because even if they block them through the ISPs in the country which they have a say over, we will definitely switch to VPN usage and it will be business as usual for us all. I will not be a party to the exchanging of my cryptocurrency through the local exchanges as the government wants, that will only amount to extortion even as the government doesn't care about anyone in my country but themselves. As for the Binance issue with them, well, Binance continues to talk softly about this and claims they are ever cooperative but our government is proving stubborn. They are being stubborn about what they will lose financially entirely upon if care is not taken. The CEO of Binance even graced an interview with PunchNG a few days ago and the guy was brilliant in his remarks. He alleged the government demanded a bribe of $150m from Binance to trash the case, which I believe since this is the way of our government. The Nigerian government is so unwise and I don't see Binance accepting the NGN service anymore, at least until there is a change in government. |
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Bitcoin is the dumbest thing ever invented.
If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly. For me I think he is just a troll that needs people to actually notice him just like the other fella who always shares post about how he is the original Satoshi Nakamoto and the owner of the forum. Sometimes when I see post like this, ignoring them is probably the best thing but with that being said how can someone even think of uttering such nonsense that Bitcoin is the dumbest thing created, well it's simple if you like being a financial slave to the system then you are free to go but other who don't know the importance of BTC. How is investing in something that people need being a slave, but investing in something no one needs being free? If I invest in dollars I hold something that masses of people need for paying off debt owed to banks. I am the master, not the slave. On the other hand, if you traded dollars for Bitcoin you are the slave because you need other people to invest and buy your Bitcoin otherwise you cannot get your dollars back. It's hilarious how you Bitcoin evangelists think that you're the masters while in reality you're the slaves. Let me say that I appreciate your wisdom and insightfulness about words from the main OP and your subsequent replies. Many take the ideology of Bitcoin to the extreme even though it is not perfect and I think I am one of the few who tells some facts about it here since I've been in the world of investment before the crypto era, unlike many of them who's eyes are just being opened to investment due to cryptocurrency. But from the main OP, your narration was not without faults but I still say that I give you 85%, you are indeed a thinker. Well, you might be wondering why the denial of the remaining 15%, it's because (though risky) whether physical or virtual, anything could be related and referred to as an asset. All the things that are being labelled assets today are because of the importance/relevance people place on them, and whether virtual or not, once people appreciate it to the point of investing and holding their money in it, they are assets and valuable, which is also applicable to Bitcoin in this context. That said, Bitcoin as an asset can do almost everything that fiat money can do as well, all you need to do is to convert it one way or the other and the debt, loan, and mortgage as you cited them in the main OP will all be paid. Obligations can be fulfilled with Bitcoin, for real! About the bonds and other collateralized arrangements/agreements, what is happening in the crypto space is not any different, only that it is not so popular in governance and since many centralised systems have nothing to do with cryptocurrency but fiats, the popularity of such arrangements/agreements, and dependency in such can't be as though you are dealing with the fiat currencies like the USD. Lastly, I give you 100% in this current OP, and my reason is simple, I 100% agree with you (in summary) that the fiat can do without Bitcoin but Bitcoin can't do without fiat which makes the fiat the master regardless of whatever anyone interprets to it. I've always indicated this even as some always preach Bitcoin as the supreme of them all. Let's be realistic! But the whole point is that Bitcoin is not an asset. -snip- I disagree with you in its strong terms to the point that I didn't even bother to read the rest of what you wrote. Bitcoin is an asset and nothing will change that. I've lived in the world of financial markets, payments and settlements long enough to know the difference in this regard. It is so plain and obvious but I wonder why you have not seen it. Maybe you should do your independent research about it and not rely on your wisdom alone. Even Investopedia called Bitcoin an asset among other renowned business, trading and investment websites/outlets. There is no controversy here as Bitcoin is a virtual/digital asset, this is unless you do not even know what asset means. Fine, Bitcoin might be guilty of some of what you narrated in the main OP, but certainly, it's an asset. If it is not an asset, why are people buying and holding it? Don't you know that anything you invest your money in is an asset? For short, an asset is a store of value and Bitcoin perfectly fits into that fact/narration without mincing words. For it to be a "digital" asset doesn't make it less of an asset. The world is revolving and it's high time you accept this easy fact. |
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As far as I know there's no official announcement of no-KYC services being banned in this forum. But perhaps it's coming?
It was not allowed for having too many similarities with a mixing service, the non-kyc part was not the issue. In addition they also offers a mixing service indirectly, even as they claims not to be a mixer, any service which offers to take your dirty coins and give you a clean one can also be considered a mixer which such is part of the service they offer. I never opened the website and neither did I take the campaign seriously because of the AML act they boastfully cancelled on their page, as it was no problem with their service. That can only tell you one thing, and that thing is "illegality." I think Bitcointalk has passed that already and kudos to Hhampuz to have painstakingly stopped the cooperation with them. No service of that status will not mix your coin either directly or indirectly, thereby taking us back to the days when what we advertise here was being frowned upon by the law enforcers for one crime committed and the other. |
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