Returning the money doesn’t happen all the time. In fact, it could put the exchange at greater risk rather than freeing them from legal implications. The implication here may be that the exchange is aiding criminals by sending their BTC back to them.
The best an exchange can do in such situations is to:
Freeze the account temporarily
Demand KYC from the owner
If found guilty, they report the whole situation to the appropriate authorities (this is much safer than returning the BTC)
The funds are then seized by the right authorities
Is there anything a defaulter can do at this point? No, there is not much he can do. The funds are lost, and he would have to be extremely careful next time to avoid violating the rules and regulations of the exchange and the government.
When you already deposited your cryptocurency to a centralized online platform (exchange, gambling site, whatever), you must afford to lose it. Because they can be a scam platform or a good one, but if they close your account, seize your coin, you have nothing to do. Reminder: do not keep your money in online accounts.If you don't commit any crime, you can try with filing a court case but most people are not able to do it financially so they will just give up and lose money. Exchanges have many reasons for deaths like scam exits https://www.cryptowisser.com/exchange-graveyard/
|
|
|
Many of us in this forum were introduced to the forum by somebody you know who has attained some level of experience and rank in the forum while some persons who loves to become a bitcoiner heard about it and made some research and decided to be part of the forum. Which ever way you became a part of the community, I think consulting or referencing back to the source that brought you onboard will be better and do you a lot of good.
Who introduced you can have some basic guides for you. To other ranked up members, you can also share the source of your clarity, familiarity and growth in the forum so to further help newbies or struggling members of the forum..
In the forum, after you visit and are able to explore the Beginners & Help board, you can see this. Newbies - Read before posting that is a very big guide thread because it has most basic information for newbies and also links to other educational topics for newbies. Three more topics to know for newbies. Welcome message.[Mega resources for newbies] Check here, find most of your need, before asking.[Guide] Searching effectively.
|
|
|
There is a new game, maybe someone will want to try it. https://x.com/betpanda_casino/status/1912849639008587945I still can't get over the last session I have playing  . But it's good to see that there are new games for us to test and see how it goes, maybe this new game will be the one that will give us that good win that we are all looking for. "Max 3,600x win, volatility Medium" sounds like you can win big while have some safety with medium volatility. I noticed the graphic design with B logo that makes me feeling like this game is available with only Bitcoin for Betpanda users. I know it's untrue because Betpanda accept many cryptocurrencies and there will be more cryptocurrencies can be used for bet in this new game, not only Bitcoin. I cant show my last bets, because my account was blocked but im pretty sure there was none suspicious bet. im just betting on tennis pretty low odds too. someone know what to do?
Suspicious activities can be your bets, bonus claims, deposits and more but if Betpanda asked you providing more documents for account verification, perhaps they did saw something suspicious with your account. You can provide all possible documents you can provide to Betpanda team and wait for result of their investigation on your account.
|
|
|
Yeah. It's a double edged sword basically. I would go so far as to say that almost all crypto gambling sites have already been affected by these regulations to varying extents currently thanks to which it's very difficult to play anonymously.
There will always be a couple of legit decentralised sites that offer a good deal of anonymity, but not 100% anonymity and their market liquidities are usually on the lower side.
When governments want to attack anonymity of their citizens, they can do it at their nation-wide scale and even global scale as combined efforts and policies. AML/ KYC is their such attempts to break down people anonymity and online gambling companies have to obey to this rising regulation trend. They are not like companies in dark markets and they don't want to break existing laws so they will obey to AML/ KYC policies from governments. This means there will be less companies from cryptocurrency exchanges to online gambling providing no-KYC, anonymous services to their customers. It's fact and the current trend so we will have to adapt to it, and have appropriate practice.
|
|
|
Gambling is just like to side game that either face up or faced down, and whenever it's down we tends to be that angry without selves without knowing that we can't eat our cake and have it back.
Gambling is an action against probability with intention to chase win and beat probability that usually not too high for winnning. While gambling we should always gamble with the amount we think that we can afford to lose when we incur several loses and also, when we gamble and make winning we shouldn't be that ungrateful that we could start to regret of not using huge capital to stake the game to winning a higher amount in return, gambling does not work that and sometimes when we think we can't win that when we often secured winning, and also the time we might be sure that such game could give us winning that is when we lose them completely without even having that opportunity for cashout while games are running.
A summary and it is also written at landing pages of all online casinos: Gambling responsibly or Responsible Gambling. This warning means only gamble with money you can afford to lose, and don't revenge in gambling. If you lose money, accept it and move on to finish your gambling plan. Don't break your plan, and want to revenge for taking your loss back, as you will lose more money. This responsibility in gambling is more important than in investment or trading, because the money losing rate in gambling is considerable faster than in trading or investment.
|
|
|
I think it’s pretty hassle to use a Bitcoin ATMs like in my country, there are plenty of digital banks that can make things easier to withdraw and deposit. Afaik it does require some verification so it’s no dofference in using digital banks. Also, you’re literally using it with a major company that handles the bitcoin ATM so technicall there’s non p2p happening at all. So yes, i can’t see any usecase that can make bitcoin Atm top tier.
You only can use digital banks for bank transfers when you do your bitcoin trades with your trade partners in Peer to Peer trade deals. I think I get it right so your post makes me confusing a lot because deposit and withdraw bitcoin directly with digital banks sounds not popular adoption from banks. I knew that JP Morgan Chase changed a lot and provided many services related to Bitcoin and cryptocurrency but I am unsure that they and other banks provide what you said. JP Morgan Chase are participating in 5 categories of cryptocurrency. Jamie lies!
|
|
|
They say they have the right to close any account without any reason and confiscate its funds.
Online casinos have their terms in ToS that allow them to terminate user accounts if they found something broke their ToS. They never close user accounts without any reason, because it damages their business reputation. Roobet is a big casino with very good reputation, and many years of operation, they won't terminate your account without reason. https://roobet.com/terms-and-conditions6. ACCOUNT SUSPENSION AND CLOSURE 6.1. We reserve the right to close or suspend your account if: a) We understand that You are using or have used the Website in a fraudulent or collusive manner or for illegal and/or unlawful or improper purposes; b) We understand that You are using or have used the Website in an unfair manner, have deliberately cheated or taken unfair advantage of the Website or any of its User or if your Account is being used for the benefit of a third party; c) You are in breach of these Terms, the applicable regulations or the fair use of our services, or we have reasonable concerns to believe that You are a compulsive problem gambler; d) We suspect that your Account has been compromised or is being used in breach of our Terms. 6.2. If We close or suspend your account on the Terms set in the paragraph 6.1., You shall, to the extent permitted by applicable laws, be liable for any and all claims, direct losses, liabilities, damages, costs and expenses incurred or suffered by us (together, the “Claims”). 6.3. If We close or suspend your account on the Terms set in the paragraph 6.1., we are entitled to void any bets placed by You following such actions. 6.4. We reserve the right to close Your Account at any time at our own sole discretion and freeze all remaining funds on the Account
|
|
|
To farm reports. It would be great seeing it on individuals that did it thanklessly maybe above a thousand report.
I really don't think how people will get benefit by creating many farm accounts, make shitposts, and use their main account just to farm reports. Reporter badge if implmented won't bring too much extra benefit for accounts with reporter badge. I consider it is like Forum art contest badge, Pizza contest badge, or it can be a little bit more valuable, but not much more than that. I'm assuming this is one of the factors theymos has delayed it, might be wrong there though.
theymos answered to community question on why he did not implement the badge. It's pretty easy to add a new badge and manually (or automatically) assign it to people, but with the reporter badge I didn't originally consider that people might reasonably want to opt-out of having the badge. Adding that functionality is a bit more difficult. Maybe sometime in 2020.
I also don't want the left side of threads to look like a rainbow explosion, so I probably won't add too many additional badges, either.
|
|
|
You're not alone having that regret of listening to the negative people that have said the same thing about Bitcoin. But it's not late to correct that mistake that you've done and to the person that have told you that. You're right, we're still early compared to what and where it can go in the next coming years to come. Don't let the other institutions fill their bags first before you because if that happens, you might say that it's too late when the price becomes more expensive and we're sitting at all times with a 6 digits price of Bitcoin and much better for us if we'll be on that time and then crosses the 7 digit figure.
There are always people who think bad and say negatively words about Bitcoin, but there are less and less people like this. Some of them turned to be Bitcoin invesrtors and true Bitcoiners with time, and it's strength of Bitcoin that results in its unprecedented adoption growth curve. "Bitcoin is dead" is an interesting fact to support the above stance because with years, less and less "Bitcoin is dead" callings on media. https://99bitcoins.com/bitcoin-obituaries/https://bitcoindeaths.com/https://bitbo.io/dead/
|
|
|
But Bitcoin doesn’t care.
It’s global, fast, and permissionless. No middlemen. No borders. No tariffs. You can send value anywhere with no friction. That’s powerful in a world where governments are tightening control.
Bitcoiners care about it, more or less and in many nations, governments charge their citizens very high capital gain tax. Who don't care about costly capital gain tax like 35% or 40% or more. It's not tariff but Bitcoiners can not avoid tax and policies enforced by governments. Crypto Taxation Around the World.Tariff war? Not a problem. For Bitcoin, it’s a tailwind.
It's only true if your vision and investment plan is very long term. In short term and mid term, there are many effects on the market that surely affect your portfolio and you can temporarily in loss. If you don't have reserved money to use, you will even have to sell with loss to get cash for use.
|
|
|
Yes that is why using web3 casinos or betting site is more better, though there are terms which is also controlling them but it is more better to use a stress free casinos because most gamblers wouldn't be that actively mindful not to violate the rules. Sure they lose their accounts completely without having to withdraw back their funds lost in the gambling site.
Web3 casinos have this and that, not all of web3 casinos are good platforms. Another thing you have to do to secure your fund is choosing a good web3 wallet to use, like non custodial (sure) but open source, and when you interact with web3 casinos and anything related to smart contracts, you are no longer 100% safe. Make sure you learn about Tips to revoke token approvalhttps://revoke.cash/https://app.unrekt.net/
|
|
|
interesting, especially for someone like me who never turn off my phone.
I firstly knew about it not from the above article I shared - just found it today when I searched for documents in my reply, but from the Australian Prime Minister Albanese some years ago. It is noticeable that the article recommends to turn off your phone once a week, but I wrote doing it daily. And you can see it in another article with advice from Albanese. Turn your phone off every night for five minutes, Australian PM tells residents.
|
|
|
Nothing still changes over the time, and yes if that gambler is that too lazy to read ToS they may use the FAQs to get what they wants at their finger tips which would only guide them while gambling. And of course isn't that easy to read whole thing but would be important to first be informed of most their likely and not so that they can abstain themselves from being attached any violation.
They can do it by scrolling the ToS page down and click on I already read and agree with ... It is not enough for a centralized platform to pull their ToS card in future if the user breaks their ToS. It is basic platform management and if you already self click on it, you have no reason to complain later with their ToS and you actions that are not accepted and can be used against your account. Gamblers can do anything they want with their money but if they are lazy and careless, they can lose their accounts and deposited money in those accounts.
|
|
|
A few days back, I came an article of how bitcoin devs are proposing a fork to fight against quantum computing threat. If this does happen, would it be a permanent solution against the quantum computing threats?
I do like the idea of the community solving a potential threat that could harm the ecosystem, but what would be the downside/risks associated to this?
Community includes scammers proposed and actually did many scam altcoins, but they tried to abuse Bitcoin by saying their altcoins are Bitcoin forks. How Many Bitcoin Forks Are There? You will be surprised!!!Many "Bitcoin forks" altcoins died and when they launched their Bitcoin fork projects, they claimed to solve something important. I hope that there will be not a new hot trend with Bitcoin forks to solve threats from quantum computers.
|
|
|
Storing seed phrase in different locations does not mean that you can't let your loved ones know about your HODLings.
Wallet backups for yourself, telling your loved ones about your Bitcoin investment and holdings, and giving them inheritance information related to your wallet backups and recovery later, are very different activities. You can tell your wife about your Bitcoin investment and holding, without any wallet backup and recovery information for her. Do you see difference now? We have discussed this past before about letting your spouse know about your HODLings Incase if anything happens to you, so they wouldn't be locked out. So this case of storing seed phrase in different locations doesn't mean your love ones will not know about it.
Your spouse and children or other loved ones only can know about your wallet backups and recovery if you want them to inherit your bitcoin and give them those important information to access your wallet. When you already intended on inheritance of your loved ones, you will surely give them necessary information, including how many backups you made, stored and where those backups are stored.
|
|
|
Yes you are right that is why while using a gambling site it is that important to carefully read their terms and condition before using them and not being enticed by bonuses or whatsoever that may comes from the casino. Most times these are the angles that casinos doesn't like to reveal so that they would use that point to regular fished out those who are actually cheating or abusing their platform for self gain and interest.
There are two many ways to explore very basic but vital terms in a platform, through Terms of Service (ToS), and FAQs. You don't need to read all texts written in ToS, and can simply search with key words in ToS and FAQs. For most important information that is vital for users with their accounts and money, they can quickly find in FAQs, and if not through searching in ToS. If they are more careful, they can do a third step, asking for guidance and support from Customer support in email or chat, then confirming given information in ToS.
|
|
|
The market is red thereby causing panic amongst investors, the new ones are worried they feel the dip season is here, the old folks are seizing the opportunity cause they see no reason to panic but rather a chance to buy cheaper, however there's a phrase every investor should key into whether new or old investors which is After The Rain Comes Sunshine and that's just it, since it's in the nature of Bitcoin to undergo volatility.
The panic is mostly in traders with Spot or more panic with Margin and Futures. Investors are less panic than traders or leveraged traders because investors focus on long term and short term changes, volatility are less affected their mind and psychology. "After the rain comes sunshine", it's only true for investors or spot traders because they don't have risk of liquidations. People who have positions liquidated will lose most of capital or all capital, and after the rain, they will die or have to end their trading journey when their accounts have empty balance.
|
|
|
Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions.
I am sorry for their losses but people lost money through market crash and position liquidations either did not know about liquidation risk or ignored this risk. Generally, they deserved with their losses and it's shame on them by did not learn properly or listen to vital advice enough. They already lost, paid high cost, but they can calm down, learn from this mistake and losses through liquidations, as big motivation for their severe learning and more careful practice in future. If they trade again, don't use leverage and futures trading, and it's first practice to show off they already learned well from this terrible lesson. Reports claim over $1 billion has been liquidated.
More data on what happened. https://www.coinglass.com/pro/futures/LiquidationCountHeatMaphttps://www.coinglass.com/pro/futures/LiquidationsData on current gamblers with leverages and waiting time for profit, loss or liquidation in future. https://www.coinglass.com/pro/futures/LiquidationMap
|
|
|
Even if with grammar/spelling errors or hard to understand, good posts are still good in that they express some kind of unique idea or concept that is also interesting.
Except if their English writing skill is too bad, and their posts are too English-broken, otherwise posters don't need to write perfect sentences for their posts to express their opinion so that readers can understand their messages. They can practice and improve their written English with time, and there are also local boards for discussions. When trying to write quality posts, a lot of people act as though they're writing a book report for school: putting facts that we already know into their own words. Nobody wants to read that, and you will not get merit for it. Moreover, the length of your post and the quality of your English are only minor factors. In trying to write a quality post worthy of merit, you should offer new ideas, personal experiences, or perspectives that other forum users will actually find new and interesting.
If you are fluent in any language other than English, then it is highly encouraged for you to post in your local board. These boards often have tight-knit communities which will be able to help you, and in some ways you might be at an advantage compared to English-only posters.
In the English sections, only English is allowed. It is not necessary to speak perfect English, though you should be understandable. Try your best. If you're unsure whether your English is good enough, ask in your local board or in the Beginners & Help section
A "good post" reflects an honest attempt to contribute original thought to an ongoing conversation or discussion, even if the delivery wasn't 100% perfect. This is IMO of course, and I think this standard is fairly accomplishable... its not a high standard.
Original content with own idea and efforts in your posts is important. Nobody want to read a post composed by AI and just to get post quota from AI-spammers.
|
|
|
On his first day in office, Trump signed an order repealing 78 executive orders of the Biden administration, including the crypto related executive order SAB121 signed in 2022. This means that executive orders issued by the president are only effective during his term in office with no long-term guarantees.
Executive orders can be revoked by a next President or can be continued and if two consecutive Presidents are from two opposite parties, executive orders have higher risk for revoke. From Biden in 2020 and Trump in 2024, we all witnessed how they could revoke Excecutive orders of a previous President if they didn't like those executive orders and related policies. Chance for continuation exists if a next President comes from a same party, not an opposite party. The same will happen with Trump's "strategic bitcoin reserve" executive order, which could be repealed after Trump's short term ends and if the next administration does not same Trump's views. So until the bitcoin reserve is approved by congress, no more bitcoin will be added and even if they find a way to buy more, it will likely be sold during the next presidential term.
Bitcoin has been growing very organically and strongly since 2009, and its adoption will continue to grow up after previous sharp but solid parabolic growth curve. I believe that the USA government see potentiality of Bitcoin and how they can be a leader in Bitcoin, cryptocurrency, blockchain industry and market, so I see no risk that future Presidents of the USA will revoke all previous executive orders or policies on Bitcoin. They know that if they move against the global trend, their nation will fall behind and lose it leadership and potentiality of monetary gains.
|
|
|
|