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Look, if they were actually obligated by some regulator to ask for KYC then obviously your request would be invalid - if it was that easy for actual money launderers to get away from KYC (by sending a potentially doctored image of their verified Binance account), then it is as good as having no KYC at all.
But my gut tells me that they're not legit, especially since they've promised to customers before that there will be no KYC explicitly in their policy statement.
You're in a sticky situation. I do understand that you are cautious with your docs but it seems like that it'll either be a) you provide them and *potentially* get your funds back, b) you guarantee privacy/security and not provide anything or c) you somehow gain enough publicity to make them panic, but that is unlikely since it's essentially them admitting that they're not a regulated entity.
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I keep some investment in Yolodice, and I must say that I understand why they closing down his business.
After six months, I am at a loss was about -30% in LTC and have some minor profit of around 3% in my Doge investment. If they also operated according to that model and shared profit/loss with investors, then it is expected to close the business there.
Also, I lose there some of my coins due to security reason, I never got a reasonably detailed explanation of what happened and who withdrew my coins from his site.
I don't think that you can blame the losses on Yolodice. Unless there is substantiated evidence that Yolodice is tampering with the provably fair mechanism, which there is none, then the losses can simply be attributed to variance. But the security problem is very interesting - how much did you lose, when was this, and what was the resolution that Yolodice gave you at the end? Did you get to speak directly to the admins about the issue or just a mod/support? |
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I remember this stat that I saw earlier that the chances of Biden/Trump/Sanders staying alive in office are actually much smaller than people expect.
That makes the bet inherently way riskier if you're choosing a Pres-Vice pres pair.
Imho I'd probably go with betting for Dems/Reps if you were sure one of the parties would win. The mortality risks are too high to be predictable for almost all of the favourites, as grim as that sounds.
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My only concern is that the Venezuelan government will do a bait and switch.
They might use the guise of increasing access to decentralised cryptos to push their own centralised altcoin/trading platform, which they have already done before. Clearly, they want a piece of the crypto cake and they're not afraid to defraud their own citizens for it.
But in terms of actual mass adoption, it is a bit far fetched right now. When your citizens are struggling to even survive, it is unlikely that the majority will be able to use BTC in any meaningful way as a store of value anyhow - as low its barriers to entry already are.
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Guys, I’m asking for your opinion.
In connection with the last Ddos-attak on the EXMO exchange (the official response of the exchange), it is a question of time who will be the next target. Have you ever had a breakdown in the stock exchanges you use? If so, how has management responded?
Just a name a few that I've been through: BTC-e shut down by authorities (later WEX), Novaexchange voluntarily closing shop and changing ownership, Cryptopia failure, Cryptsy failure... The list goes on. There is a reason why veterans in the crypto space warn against concentrating your holdings in the hands of third parties without retaining control of your private keys. Seemingly safe exchanges can go bust literally any second. In terms of their response, it is mixed. In most cases, e.g. Cryptsy, Cryptopia, and WEX have all left depositors dangling without returning their funds. The only "positive" would be Nova, which at least allowed people to liquidate their accounts (albeit through a very strenuous process to say the least). |
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Hi everyone, Gambling through sportsbooks and casinos seems like a great use case for Bitcoin (and other cryptos) at the moment. It allows people from countries with strict gambling laws to play with no worry of punishments. It also allows successful gamblers to play without account restrictions placed on them - as they would get at fiat sportsbooks - and a whole host of other benefits. As this sector is growing fast, I thought I'd write a weekly update about the developments in the crypto sportsbook/casino world. Feel free to check it out and let me know your thought (there are a couple bets to follow in there too, if that's your thing) - https://bitedge.com/blog/crypto-betting-weekly-19-feb-2021/Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted? Thanks! Gambling could certainly be a niche that crypto is able to fill - and it is one with quite a lot of revenue involved as well. In terms of mass-scale, institutional adoption though, this is too far fetched. Most regulated gaming entities are unable to offer services to restricted areas/countries, and this is not something that crypto is able to circumvent. Also, you have to appreciate the downsides. Since most operators in the crypto space are unregulated, it means that they are more arbitrary when it comes to the operations. There is never a guarantee that you will get your funds back once you make a deposit since there is completely no oversight - great for anonymity and privacy, but not so great for safety of funds. |
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And in almost all cases, the excess counterparty risks that you incur from using one of these services will not be worth it.
This is even more concerning when considering the fact that a bunch of the sites on here (Cointiply, freebitco.in, etc.) are actually faucets that are completely unregulated as investment vehicles.
Even if they have paid out consistently in the past doesn't mean that they will continue to do so in the future. They could well be running very highly leveraged fractional-reserve schemes for all that we know.
There is nothing wrong with the table itself - it is very informative. But people should understand the caveats.
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There's disparate use cases for both.
I think that most people aren't disputing the fact that BNB will not replace the smart contract applications on ETH, but rather simply saying that BNB may one day eclipse ETH in terms of its market cap.
Which is completely possible imo considering that a completely centralised coin in XRP held the #2 spot on CMC for a long time over ETH. But I do think it's quite improbable given than a) market cap of BNB is still around 1/5 compared to ETH and b) ETH has seen fast fundamental growth over the past year or so.
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As we all knew the crypto bull run is her with bitcoin leading at a price of between $56k to $57k and transactions fees at a very high price most especially the ethereum gas fees skyrocketing. How are gambling platforms receiving this have there been a change in their withdrawal fees inline with the current high fees. I believe some casinos gambling platforms like bustadice still charge same fees in bits.
Let me know if there is any that have increased their transaction fees.
A lot of casinos these days have adjustable fees. E.g. Roobet. They're actually the ones to avoid if transaction fees continue to increase and the mempool is super clogged, since they would actually follow market fees. Stake and other sites with stagnant fees is great for now, but when fees decrease again they'll probably be less competitive. Around 10k sats flat seems to be the lowest that you'll get for now, though, and that is already subsidised heavily by the casinos. Unfortunately that is the price to pay to gamble anonymously with crypto these days. Another reason why you should consolidate your inputs when fees are low. |
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And ironically, the reason they thrive is because of the government.
Not having actually realistic regulations when it comes to gambling and having draconian levels of barrier to entry with gambling licensing is bound to create gambling black markets.
The demand for gambling is going to be there regardless of whether or not the government embraces it or not. They might as well go with more accomodative policy as opposed to restricting access.
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Or perhaps it's just that Indian trading volumes are simply obscured by the fact that a lot of them occur off platform?
Due to the shenanigans of the RBI, people are forced away from trading p2p into OTC or completely anonymous markets.
Nigeria is a growing market for sure, but nowhere to the extent of the Indian economy both in population and in the fervour that they have demonstrated for the crypto markets. It's super important to remember that recorded volume =/= actual volume.
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Ridiculous to say the least.
BTG is simply another alt that has been created in the midst of all the hype about bitcoin forks.
It is not a long term store of value. It does not have anything spectacular in terms of technology. Nor does it have the first mover advantage (compared to either BTC or even BCH).
Sure, you could make money speculating in the short term. Long term it's definitely not a hold.
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I wonder when the SEC is going to crack down on these tweets.
Whilst it's just his opinion and by no means financial advice, I wouldn't second guess regulators' disdain at the way he can move markets by half its market cap or more simply by spewing out nonsense on Twitter.
A matter of time, I reckon. And if you are trading based on his tweets, then you probably deserve to get burned.
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Every single business, service, will always have some marketing strategy to promote their service. In casinos, one of the marketing is to paid someone like Streamer or Youtuber to play on his casino. One of the examples offers from casinos they give for the promotion giving some sponsor money to play for every Youtuber or Streamer. If you watching a gambling video mostly on CRYPTO & CS-GO casino, it's not quite familiar anymore when they got sponsor money from the casino. Here some sponsor offer I know from some casino: - Fully sponsor money
This one of the most offer some casino give for promoting his casino, they paid some streamer or youtube and fully sponsor the money to play on their casino but with some condition, you cannot withdraw the money - Bonus deposit sponsor
This sponsor was quite rare, I only know some casino that got this sponsor one of the example YouTubers called Drew. Yeah, he got a bonus sponsor deposit when he deposit around 3K USD the casino adds his balance around 2K off course without any requirement like minimum wagger
Right now, I'm want to hear everyone's opinion about sponsor money. What do you things for some streamer who playing using sponsor money? did you feel that was not good or you have another opinion. IMO, I don't mind with some sponsor money as long the streamer admitted on the video he using sponsor money and not just say that was his own money when the reality the money came from sponsor money or even the worst scenario playing using demo money. And of course, the casino that sponsors the money came from a reputable casino. I believe in bicointalk some casino even reputable casino was also offering this sponsor for some YouTuber or streamer. I kinda feel got some entertainment from this even they playing with some sponsor money, as long the money sponsor not really a ridiculous amount. I don't have a problem with it even though there has been a lot of debate as to whether or not playing with sponsored money is considered misleading advertising. I watch people like Drew, juicy, etc. for entertainment mostly anyway. Besides, they seem to be putting in their own money some of the time/majority of the time. It is very easy to tell when someone is fake reacting - if they are playing with ludicrous amounts of funds that they can never withdraw. That is the only form of sponsorship that I have a personal issue with. As long as the streamer/advertiser has some vested interest in his/her own winnings, and he's not pumping out fake reactions, I am more than happy to be entertained. |
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Is the above quote meaningful? I do not see it meaningful at all. Some people are not concerned about privacy and make use of exchange for crypto purchase, while many providing kyc all because exchanges are making it mandatory to do. Many people do not like exchanges because they are making people not to have privacy. Is it not proper for the government to have laws that will make exchanges be able to track crypto transactions rather than banning it. That is why I like countries like USA that do not ban cryptocurrencies but regulating it. As fiat is, it is most used in all these (terrorism financing, money laundering and drug peddling). This is all completely bogus. You're absolutely right. Their argument is flawed in that essentially what they are saying is since BTC can be used as a means of transaction for illegal entities, then it must be banned. That is a classic fallacy where the argument stems from an overgeneralisation from a very specific and nowadays increasingly obsolete use case of cryptos due to the introduction of so many institutions into the field. By this logic, gift cards should be banned because of the high levels of fraud associated with them (and I think Hydrogen posted a nice article a while back regarding this). Heck, bank transfers should be banned altogether because it facilitates certain transactions with tax evasion, money laundering... etc. etc. It is only that they want to restrict access to decentralised assets that they are making these meaningless statements. No other reason. |
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For the ones that you've mentioned in the OP, I would say that Stake, Bitsler and Roobet are my personal favourites.
They all boast very impressive track records and have never had issues in terms of holding user funds due to illegitimate KYC requests or whatnot.
But I find it odd that you only included a few (~10) seemingly arbitrarily selected casinos as opposed to providing a true cross-section of the crypto casino landscape. If you want a real community vote then you should probably include more options such that the resultant winner is not skewed by a lack of options to choose from.
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Remember that Harry Dent is closely associated with Mike Maloney, whose entire precious metals/wealth consultancy business predicates on people buying into the idea that central banks will collapse overnight.
I still recall in one of the joint interviews between Dent and Maloney they made a prediction that the next economic crisis will unfold as a depression then hyperinflation within the decade of the 2010s - obviously, that never panned out.
Even now, reflation expectations are rare and interest rates remain very low, meaning that the implicit expected inflation remains to be quite low.
Whilst I do agree that central banks are a construct that will eventually be made obsolete, it is nowhere as easy as these guys make it sound. It would be naive and dangerous to put all your assets into timing a central bank collapse because it would likely not pan out the way you expect.
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Is there any site that tracks Bitcoin transaction fees (real-time and not estimated values) giving me notice when fees are low or at least when mempool is empty? I need a site work as https://coinb.in/#fees I set the input/output address type and it gives me noification when fees goes down or XX Sat/Byte. This is a fantastic idea. The only fear that I have with push notifications is that I would miss it as it is temporary. If I happen to be on another device at the time of the fee drop, then I might miss it altogether. But I agree, this would still be better than collecting emails and having a mailing list from a privacy perspective. Also, I feel like if this initiative was to become widely adopted, then it could actually aid the fee hikes big time - people are able to consolidate their inputs during relatively calm periods, pushing fees up during these times, whilst also reducing the amount of transactions and coin inputs when the network is busy, which obviously helps keep fees down. Would be interested to see this become more than just a community experiment. |
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What exchanges are you using? I'm currently using Bitstamp, I have no issues so far, it inspires security to me. However, it only offers a small variety of coins (BTC, ETH, XRP, LTC, LINK, XLM) and a few others, at the same time though, its fees are quite high, at 0.5%.
Looking back and my transaction history, I've spent a respectable amount in fees, which is definitely a waste of money.
I've also used Kraken, but didn't really like its design and layout, I don't remember why I moved my funds to Bitstamp though, long time has passed since then, and I've got no clue.
Don't use Bitstamp. They've got a notorious reputation for draconian KYC as well as being super nosy about proof of income and stuff like that which are usually not assessed in normal KYC/AML. 0.5% fees are also absurd imo. It doesn't make sense to pay that much unless a) this is your only way of getting fiat into BTC and b) you are definitely planning on holding BTC for the very long haul. If you are day-trading then consider moving to a derivatives platform like Deribit where makers actually get fee rebates (things like this add up in the long haul) - just don't use any leverage on your positions. If you're acquiring coins to hold in your own privkeys then consider using Binance or even creating your own ad on LBC. |
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People will always have a team, player, or location (such as a national representation in the Davis Cup/America's Cup etc) where they always barrack for their side, so they will have something of an inherent knowledge even if they only follow the game/sport socially.
It's really only when you get to the pore professional end of gambling on sports as more than just a "flutter" that people will study who strikes better, runs faster, drives sharper etc and make their bets accordingly.
Precisely. And what you just said essentially constitutes bias towards a team - which could actually *skew* your judgement of whether or not odds offered on a bet is good value. So as I said, unless you have some sort of rigorous quantitative model that can compete against well funded professional tipsters that are already taking advantage of these certain odds, you are going to be playing a -EV game regardless of your knowledge of the games offered. You could derive more personal satisfaction watching a team that you like win, sure, but other than that it's useless. |
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