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[judeafante]

because he doesn't TRUST other people with ACCESS to SIGNIFICANT AMOUNTS of SITE USERS' FUNDS)[/i] :

You're right on this one.
That's a personal thing that he wants to do and can't entrust this duty to anyone with the funds. The solution to avoid the drying of the hot wallet is to give this duty to anyone he trusts when he's out and can't fulfill it when the hot wallet is about to become empty.

maybe lets accept the fact that those casino he owns are already dying?

There are still plenty of players that are active so I don't think it's dying. It's just about maintaining the hot wallet before it dries out of funds.

There are still many players playing you just have to look at the stat and the flow of traffic still doing good, if it's closing Lightlord will just announce it here Bitvest and 777COIN are not yet dying they don't even look dying, not focusing on promoting does not mean that the site is dying we have not seen many complaints that they are not paying there's a delay but they always fix it, and it never escalate to scam reports.

[peter0425]

because he doesn't TRUST other people with ACCESS to SIGNIFICANT AMOUNTS of SITE USERS' FUNDS)[/i] :

You're right on this one.
That's a personal thing that he wants to do and can't entrust this duty to anyone with the funds. The solution to avoid the drying of the hot wallet is to give this duty to anyone he trusts when he's out and can't fulfill it when the hot wallet is about to become empty.

Maybe again this is being mentioned in the past but if i remember it right about the signature campaigns , the funds use to be Handed to the managers from Lutpin to Hhampuz as they are being allowed to send the payments directly to the players though the wallet must be filled by LL , but when this recent one ? it is LL who pays the participants things that worsted the situation as he keeps delaying the payments for Months and this is something not good and starts also the barrage towards the company added the emptying the Hot wallet over and over again.
Not sure how will lightlord will deal with the issue but Hoping that He will get back on his foot and bring back what he started .

[Poker Player]

-snip

Hi, a question, since you seem to know so much about the subject.

Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.

Curiosity more than anything, the crypto gambling world in some cases operates in a dark because there are many sites that are licensed, but typically from a tax haven and they know that they should not accept players from certain countries where to operate a license from the country is required, they even put it on their TOS, but turn a blind eye on it.

... not to mention the OBVIOUS fact (if you actually did play on the casino & observe players' trends over time) that it is the same old regular punters that have been using BV for years & years, all the while grunting out some repeated irked grievances at its "rigged" "unfair" systems -- therefore inevitably returning to it, completely lost in disgruntled yet hopeless addiction, regardless of any sig campaign revival, marketing push, or loss of trust via lack of communication + continuous hotwallet problems

Typical of someone who has a compulsive addiction: engaging in a certain behavior (be it taking drugs, gambling or whatever), regretting it and compulsively doing the same thing again. It's sad, and I'm not a big fan of regulations, but I'm all for strict regulations on the gambling industry, because if you leave them to their own devices, they end up destroying lives in a very profitable way for them.

[Bitinity]

I'm afraid that its getting late for Him to made such movement , more than 2 years that his gambling site (Specially Bitvest) that facing same issue over and over and that is the Funds involved , yeah he is paying all the troubled funds yet not in the time the gamblers needed it and i think this is already a red flag, and also he kept mentioning to act best sooner but time is running yet no good activities from his part and the problem of wallet having funds are always the issue.
maybe lets accept the fact that those casino he owns are already dying?

Better to be late than never without any movement. I'm sure most of their active players will accept the situation as they love the site much. In case Lightlord do a late movement because of a valid and acceptable reason, their players will be more than happy if Lightlord show a great movement in the site as well as in this forum. I would not think about the worst case so I hope Lightlord is getting better from time to time and he will be fully come back with better condition. 

[virasog]

And we do also know for over two & a half years now precisely why the BV hotwallets are deliberately kept low and empty out easily (and no, lightlord doesn't just want to hire some staff or representative to replace him when he can't handle things, because he doesn't TRUST other people with ACCESS to SIGNIFICANT AMOUNTS of SITE USERS' FUNDS) :

That is not a right approach. Even the big businesses have people who manage funds. It is not always the owner who is responsible for the financial dealings. The responsibility should be delegated.

I'm afraid that its getting late for Him to made such movement , more than 2 years that his gambling site (Specially Bitvest) that facing same issue over and over and that is the Funds involved , yeah he is paying all the troubled funds yet not in the time the gamblers needed it and i think this is already a red flag, and also he kept mentioning to act best sooner but time is running yet no good activities from his part and the problem of wallet having funds are always the issue.
maybe lets accept the fact that those casino he owns are already dying?

Better to be late than never without any movement. I'm sure most of their active players will accept the situation as they love the site much. In case Lightlord do a late movement because of a valid and acceptable reason, their players will be more than happy if Lightlord show a great movement in the site as well as in this forum. I would not think about the worst case so I hope Lightlord is getting better from time to time and he will be fully come back with better condition. 

The problem here is that the old users who know about light lord may adjust to the situation but there are new gamblers who sign up on the bitvest and 777coin every day. Also, there are new people who read this thread. They will not get a good impression from the current scenario.

[klarki]

Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.

They don't have a license. For this kind of entertainment platforms, it is almost impossible to get a license. And let's be honest, often the license does not protect from anything.

[robelneo]

The problem here is that the old users who know about light lord may adjust to the situation but there are new gamblers who sign up on the bitvest and 777coin every day. Also, there are new people who read this thread. They will not get a good impression from the current scenario.

So far as I know there's no complainant that posted that he is a new user of Bitvest and he's having issues or did I just miss that part if the situation is really so bad, we'll see complaints and scam reports but we are not seeing any new one coming, I guess they are doing fine and just don't want to have anything to do with Bitcointalk and they want to concentrate on their existing loyal players, their support is still good if it's not many players will come here to post their issues.

[JohnBitCo]

Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.

They don't have a license. For this kind of entertainment platforms, it is almost impossible to get a license. And let's be honest, often the license does not protect from anything.

Gambling license is important because the licensing authority keep a check on the gambling site and ensures that it is properly audited. Also having a gambling license is proof that the site is fair and it is according to the laws or standards. Strange to know that bitvest being one of the oldest and trusted site is not licensed.

[TimeTeller]

Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.

They don't have a license. For this kind of entertainment platforms, it is almost impossible to get a license. And let's be honest, often the license does not protect from anything.

Gambling license is important because the licensing authority keep a check on the gambling site and ensures that it is properly audited. Also having a gambling license is proof that the site is fair and it is according to the laws or standards. Strange to know that bitvest being one of the oldest and trusted site is not licensed.

I do agree that gambling license is important to increase the credibility of the casino.
However, I believe, bitvest or 777coin doesn't have one up until now, because they already established their reputation in this community.
So even if they don't have the license, still, many players are continuing to play on these sites.
Maybe, if no to few will play on these sites, the management will start thinking to get one or just close down the site.
Getting the license is still the prerogative of the site owners, it is not a compulsory requirement to run your casino.
Though mostly for new casinos, having a gambling license is an advantage for them to build their integrity.

[klarki]

Gambling license is important because the licensing authority keep a check on the gambling site and ensures that it is properly audited. Also having a gambling license is proof that the site is fair and it is according to the laws or standards. Strange to know that bitvest being one of the oldest and trusted site is not licensed.

Do you seriously think so? How many scam casinos are licensed? The vast majority of platforms have a master license from Gaming Curacao.


FJ (License 8048/JAZ)
BetFury (Master License of Gaming Services Provider, N.V. #365/JAZ )
Stake (8048/JAZ )
Bitcasino( 1668/JAZ)
Roobet ( 8048/JAZ)

These are reliable casinos.



But take a look at this list: https://game-protect.com/curacao-license-scam/

Nothing awkward? Both a normal casino and scammers can have the same license.

[SquallLeonhart]

I do agree some of the points made by pseudo, not really a horrible deal and not really a bad take, but the way he takes it makes it a bit more harder to swallow, just needs to be nicer to point out these things.

In the end, I believe that we are in a situation where things should be a lot more comfortable for people who gamble here and if he doesn't trust people to control the funds, he could just leave small funds instead of small funds and could allow them to make it happen.

Or have a whole board of directors, 9 more people he trusts so they would have 10 keys, and 6 keys would be enough to open the funds, that way there needs to be 6 people willing to get together and scam him, which should be harder if he picked the right people.

[livingfree]

In the end, I believe that we are in a situation where things should be a lot more comfortable for people who gamble here and if he doesn't trust people to control the funds, he could just leave small funds instead of small funds and could allow them to make it happen.

That small fund to be left when he's away is going to be consumed quickly.

We have seen that after filling the hot wallet/s, it's been empty too quick because of the users cashing out their profits and that's why there should be a continuous monitoring on it.

Someone just to monitor him and give him the notice that it's on the low level that it has to be refilled as soon as possible so that users won't complain anymore before it's emptied.

[LUCKMCFLY]

Yes as long as players can play and get they withdrawal from the site that settle it, Bitvest have to build a long-time reputation and its users are well aware of that so they don't border much about the team is active on the forum. So at that long players can deposit and withdraw from the site everything is fine at that.

Have to Build a long time reputation? Bitvest had been operating for almost 10 years now and I believe that the already build their reputation , though these past years they are changing and needs to prove that they are still worth playing for.
I still believe that they will rebuild their reputation if @lightlord really wanted this to happen.

I still remember very well, bitvest was the first crypto casino site I tried and I found out about it from this forum. although I see the discussion on Bitvest's reputation is hot but I'm sure lightlord is paying attention to this. he must have a good plan to increase the popularity of bitvest which has been built for 10 years.

You guys are right, Bitvest is a site that has a great reputation, in my early days in crypto one of the first platforms I met was freebitco.in, bitvest and stake, and bitvest had been on the forum for a long time, in fact they were already running a very successful campaign of signatures that until recently they finished it, but the reputation they forged was excellent and that is something that is difficult to achieve, currently they may be making some changes, or they may take time to do other things, but it is normal, in all the places sometimes they go through moments that are difficult or of changes.

[shasan]

Do you know if Bitvest.io has a gambling license? I remember reading TheQuin saying that 777coin does not have a license.

I think bitvest.io as well as 777coin has no license and the license of a gambling site is not too much important as gambler come from many countries where the site is not situated and it is difficult to trace the information provided is correct or not. Also, from many a countries local area can give license which they have no right. One more thing the team of bitcoin is anonymous but we are investing a lot of fund on bitcoin. So, I just want to say that the license is not a big deal.

[virasog]

In the end, I believe that we are in a situation where things should be a lot more comfortable for people who gamble here and if he doesn't trust people to control the funds, he could just leave small funds instead of small funds and could allow them to make it happen.

That small fund to be left when he's away is going to be consumed quickly.

We have seen that after filling the hot wallet/s, it's been empty too quick because of the users cashing out their profits and that's why there should be a continuous monitoring on it.

That's probably because people are waiting in queue for the cash outs /withdrawals and as soon as the "Little funds" is topped up in the hot wallet, it gets empty quickly.

Someone just to monitor him and give him the notice that it's on the low level that it has to be refilled as soon as possible so that users won't complain anymore before it's emptied.

The funds are not the problem, the real issue is that light lord is not active. Even if someone gives him notices and he is not active, the problem wont get solved.

[livingfree]

That small fund to be left when he's away is going to be consumed quickly.

We have seen that after filling the hot wallet/s, it's been empty too quick because of the users cashing out their profits and that's why there should be a continuous monitoring on it.

That's probably because people are waiting in queue for the cash outs /withdrawals and as soon as the "Little funds" is topped up in the hot wallet, it gets empty quickly.

There's no other reason why it gets empty so quickly.

Someone just to monitor him and give him the notice that it's on the low level that it has to be refilled as soon as possible so that users won't complain anymore before it's emptied.

The funds are not the problem, the real issue is that light lord is not active. Even if someone gives him notices and he is not active, the problem wont get solved.

That makes sense.

He doesn't want to entrust the fund so the ideal would really be someone to be trusted by him. Including the website management and the funds that should be topped whenever he's away.

In that duty, he's free to do anything he wants or if he's too busy and is still in recovery, there's someone to take care of his business for him. But there could also be a bigger reason why he doesn't want to entrust these duties.

[darewaller]

He doesn't want to entrust the fund so the ideal would really be someone to be trusted by him. Including the website management and the funds that should be topped whenever he's away.

In that duty, he's free to do anything he wants or if he's too busy and is still in recovery, there's someone to take care of his business for him. But there could also be a bigger reason why he doesn't want to entrust these duties.

Finding that person seems to be the biggest issue he is facing right now. Doesn't mean that this person doesn't exist somewhere in the world but it is not easy. Remember, this place, even though it has been less played recently, is a big casino meaning you are entrusting someone with insane amount of money, maybe millions of dollars.

Who can you trust with that much money? I mean even a person who has built a great reputation for the longest time here, could end up stealing millions of dollars if they see it a lot more worthy. This is the type of money where people could steal, and can live a carefree life forever until they die and that's very difficult to trust someone with that kind of money.

[virasog]

He doesn't want to entrust the fund so the ideal would really be someone to be trusted by him. Including the website management and the funds that should be topped whenever he's away.

In that duty, he's free to do anything he wants or if he's too busy and is still in recovery, there's someone to take care of his business for him. But there could also be a bigger reason why he doesn't want to entrust these duties.

Finding that person seems to be the biggest issue he is facing right now. Doesn't mean that this person doesn't exist somewhere in the world but it is not easy. Remember, this place, even though it has been less played recently, is a big casino meaning you are entrusting someone with insane amount of money, maybe millions of dollars.

Who can you trust with that much money? I mean even a person who has built a great reputation for the longest time here, could end up stealing millions of dollars if they see it a lot more worthy. This is the type of money where people could steal, and can live a carefree life forever until they die and that's very difficult to trust someone with that kind of money.

First of all, it's not that difficult to find any trusted person from here or from his surroundings, if he has the will to find them.

Secondly, who is saying that the lightlord should trust all this life savings and give access to all his bitcoins to that trusted person? He could give one month or two months funds to that person so that he/she can manage the two gambling sites. Also remember, gambling sites do generate a lot of revenue, so after two months lightlord may not even need to put his money further. The profits from the gambling sites can be used to pay the withdrawals.

[darewaller]

First of all, it's not that difficult to find any trusted person from here or from his surroundings, if he has the will to find them.

Secondly, who is saying that the lightlord should trust all this life savings and give access to all his bitcoins to that trusted person? He could give one month or two months funds to that person so that he/she can manage the two gambling sites. Also remember, gambling sites do generate a lot of revenue, so after two months lightlord may not even need to put his money further. The profits from the gambling sites can be used to pay the withdrawals.

Nobody says ALL the money, but like you said we are talking about a ton of revenue trusted to one person, maybe millions of dollars eventually. That's usually not a great idea to do if you do not trust that person.

I agree that there are people you could employ and can give you a great return in the long run. Like all those famous bounty managers could be paid to keep an eye on here as well, not even like a huge deal, just make sure that you give them good amount of access to some money, and they refill the hot wallet and also keep the signature campaign going without a stop. That would require just 2 things from them, and they would be able to do that. But could he trust them? I do not know.

[FanEagle]

Nobody says ALL the money, but like you said we are talking about a ton of revenue trusted to one person, maybe millions of dollars eventually. That's usually not a great idea to do if you do not trust that person.

I agree that there are people you could employ and can give you a great return in the long run. Like all those famous bounty managers could be paid to keep an eye on here as well, not even like a huge deal, just make sure that you give them good amount of access to some money, and they refill the hot wallet and also keep the signature campaign going without a stop. That would require just 2 things from them, and they would be able to do that. But could he trust them? I do not know.

I agree, someone like Hhampuz could turn this place around a lot, without really doing anything 'dramatically'. Just let him control some of the money, like the campaign, and then let him control the hot wallet, when to send some back, when to put some in, etc etc and he would be turning this place into the glory days of the past.

Plus, Lightlord needs to come here and see what people are complaining about, dude is still AWOL about this subject and still missing days on out. Last was like 4-5 days ago, and he will probably be online less and less eventually. This place is at the risk of "I do not trust here enough to gamble" right now and he doesn't seem to be caring about it.