Big news for Bitcoin

[Atdhe]

I rather do not post here much anymore, because many people have no clue about money and economics and they just repost here any bullshit that will kill fiat tomorrow etc. But I believe in Bitcoin for pure fundamental reasons. Those reasons are not that Bitcoin is something simpler or cheaper than centralised money. The reasons why Bitcoin has future, although it is still quite complicated instrument with bad name, is that soon many businesses will be out of fiat transactions, esp. the USD.

It happens that I do a lot of biz in advertisement and gambling. Recently 5dimes was cut of their funds http://calvinayre.com/2016/03/02/business/online-sportsbook-5dimes-costa-rica-money-laundering-probe/ and accused of moneylaundering. So it happened they now pay out players and business partners ONLY in Bitcoins. It is not pennies, they are making netto tens of millions per year.

Then came Panama leaks, banks got crazy now. I think the biggest bookie for US: Bovada, finally adopted Bitcoins. I tried to persuade them for maybe 2 years and they thought it is some kid's play. Now Bitcoin seems to be their hope. One month ago they told me they are trying it. Today they told me that the only option to get money from them is Bitcoin.

Those are big news. I believe together with halving we will see now incredible surge of value. This is not about buying coffee in Starbucks, which is nonsense. Those are quite large bitcoin transactions that do not care much about transaction fees. Imagine that the fees that bookies pay to get money to and from US are at 5-10%.

I have a feeling something has now started to move and avalanche is approaching. I am very much surprised nobody informed about this gambling development yet. Bitcoin is not just an option, it becomes the only option.

[eternalgloom]

You mentioning Panama Papers is something that I hadn't really thought about.
I wonder if it will have an effect on the popularity of Bitcoin, if so, it might bring along new regulations in certain countries.

[xhomerx10]

I rather do not post here much anymore, because many people have no clue about money and economics and they just repost here any bullshit that will kill fiat tomorrow etc. But I believe in Bitcoin for pure fundamental reasons. Those reasons are not that Bitcoin is something simpler or cheaper than centralised money. The reasons why Bitcoin has future, although it is still quite complicated instrument with bad name, is that soon many businesses will be out of fiat transactions, esp. the USD.

It happens that I do a lot of biz in advertisement and gambling. Recently 5dimes was cut of their funds http://calvinayre.com/2016/03/02/business/online-sportsbook-5dimes-costa-rica-money-laundering-probe/ and accused of moneylaundering. So it happened they now pay out players and business partners ONLY in Bitcoins. It is not pennies, they are making netto tens of millions per year.

Then came Panama leaks, banks got crazy now. I think the biggest bookie for US: Bovada, finally adopted Bitcoins. I tried to persuade them for maybe 2 years and they thought it is some kid's play. Now Bitcoin seems to be their hope. One month ago they told me they are trying it. Today they told me that the only option to get money from them is Bitcoin.

Those are big news. I believe together with halving we will see now incredible surge of value. This is not about buying coffee in Starbucks, which is nonsense. Those are quite large bitcoin transactions that do not care much about transaction fees. Imagine that the fees that bookies pay to get money to and from US are at 5-10%.

I have a feeling something has now started to move and avalanche is approaching. I am very much surprised nobody informed about this gambling development yet. Bitcoin is not just an option, it becomes the only option.

 You are so full of misinformation.  5dimes seems to have a few other methods available for payouts.





 Money laundering in any currency is going to be investigated, Bitcoin isn't going to help.

[Atdhe]

No, it is you who is off and who is not doing his homework. It is an old chart. When you click on Cashier (even if you are non US person, e.g. you can not use Skrill), you get only Acct2acct transfer or Bitcoin payout.

The moneylaundering of course in 5dimes case is nothing else than transferring money to and from 5dimes. US calls that moneylaundering. That does not mean it is moneylaundering.

[Atdhe]

For xhomerx and other smartasses, those are the only payout options at 5dimes:


The news about Bovada is much bigger though.

[Junko]

Has bitcoin withdrawals been confirmed for Bovada? I know they accept bitcoin deposits, but as far as know, they didn't have the option for bitcoin withdrawal.

[Atdhe]

Has bitcoin withdrawals been confirmed for Bovada? I know they accept bitcoin deposits, but as far as know, they didn't have the option for bitcoin withdrawal.

I think not yet, but I am 99% sure they will come very soon.

As I said I tried to persuade them as one of their biggest affiliates to go into btc many times in the past. They refused. It was not needed. They could not pay to Skrill, then to Neteller, then they kept sending EUR wires.

But one month ago they offered as pilot btc affiliate payouts. Since they owed me quite a lot, because even the EUR wires were limited, we settled everything in btc. Now as they have to pay another money, they asked me for btc payouts only.

So I think they will come with btc payouts soon, they are just scared that normal people will fuck it up (yes many will). They do it now in a way that 1st they verify wallet with small payment, then send the rest. Probably too complicated. I think it is important to do it for John Doe as simple as possible.

Nobody knows now anything. My friend has an online advertsiement company, he moved some money from HK over Liechtenstein to UAE, the bank where he was client simply closed his acct now. It is quite scary behind, but it is a huge opportunity for bitcoin, if even limited b2b solutions are developed.

This is a quote a major US affiliate. I will not say which one, it was a private conversation. It is obvious that if gambling transactions will be now called moneylaundering, then there is the only option for US gambling and it is bitcoin:

all things are looking like the US market will be shifting to BTC after the
panama paper leak, its going to much much much harder to move massive sums
of money around

[mookid]

I believe the adoption of Bitcoins is going to happen purely because of the advantages it brings, impenetrable security and the low transaction times.
Andreas.A said that right now the banks are mainly software/technology companies. A big part is based on old technology, but it has more to do with the manual labor, paperwork, and bureaucracy, things like that, the rest is ultra-modern technology like machine learning being use to do High-frequency trading with people's savings accounts, lol.
Regardless, the benefits of Bitcoin will eventually show, and if the platform fails, then another one will take it's place (Ethereum anyone?)

[BitcoinNewsMagazine]

Thanks for this, following with interest.

[kryptopojken]

Very interesting read...thx

[NUFCrichard]

International money transfers and gambling seem to be 2 of the biggest and best markets for Bitcoin.
Carribean based bookies reall should be using Bitcoin. 

I especially like the gambling sites where you don't have to log in or register, just sent a bet to an address, then if you win you get your winnings.  How much easier and safer (no personal info sent to some unknown company) can you get.

[xhomerx10]

No, it is you who is off and who is not doing his homework. It is an old chart. When you click on Cashier (even if you are non US person, e.g. you can not use Skrill), you get only Acct2acct transfer or Bitcoin payout.

The moneylaundering of course in 5dimes case is nothing else than transferring money to and from 5dimes. US calls that moneylaundering. That does not mean it is moneylaundering.

 Nope.  That is the latest up to date chart.  Also, customer service told me to check that link to see all the available funding methods including withdrawals.  Am I to assume they are lying to me?  Maybe you have an unverified account.

 

[Herbert2020]

...Recently 5dimes was cut of their funds {link}online-sportsbook-5dimes-costa-rica-money-laundering-probe/ and accused of moneylaundering. So it happened they now pay out players and business partners ONLY in Bitcoins. It is not pennies, they are making netto tens of millions per year.

i don't get this, you say they are accused of money laundering and they are under observation then you say because of this they moved to bitcoin!
maybe it is just me but it sounds strange because moving to bitcoin after being accused of money laundering seems like they want to do laundering and that is why they moved to bitcoin!

[Jasad]

You mentioning Panama Papers is something that I hadn't really thought about.
I wonder if it will have an effect on the popularity of Bitcoin, if so, it might bring along new regulations in certain countries.

yes might it happen,but too early for bitcoin to related with panama papers.
and yes 'm agree with that,it will give any bad effect for bitcoin development and popularity.

[Atdhe]

No, it is you who is off and who is not doing his homework. It is an old chart. When you click on Cashier (even if you are non US person, e.g. you can not use Skrill), you get only Acct2acct transfer or Bitcoin payout.

The moneylaundering of course in 5dimes case is nothing else than transferring money to and from 5dimes. US calls that moneylaundering. That does not mean it is moneylaundering.

 Nope.  That is the latest up to date chart.  Also, customer service told me to check that link to see all the available funding methods including withdrawals.  Am I to assume they are lying to me?  Maybe you have an unverified account.

 

I have an 7 years old account. Ofc verified. Withdrew many times before non-btc. Now all other options are gone. The screenshot of all options is attached. Every other affiliate at GPWA has only bitcoin payouts and confirms that. 5dimes simply have only btc payouts, that is it.

[Atdhe]

...Recently 5dimes was cut of their funds {link}online-sportsbook-5dimes-costa-rica-money-laundering-probe/ and accused of moneylaundering. So it happened they now pay out players and business partners ONLY in Bitcoins. It is not pennies, they are making netto tens of millions per year.

i don't get this, you say they are accused of money laundering and they are under observation then you say because of this they moved to bitcoin!
maybe it is just me but it sounds strange because moving to bitcoin after being accused of money laundering seems like they want to do laundering and that is why they moved to bitcoin!

They are accused of moneylaundering by USA. Because today we live in climate where when USA does not like somebody, he is either moneylaunderer or terrorist (or both). Accepting/transferring money to gambling is breaching UIGEA law = moneylaundering. Anybody who accepts money from US ppl for gambling is moneylaunderer. There are no charges against them at CR so far. But it does not prevent banks to close their accounts, because USA said they are moneylaunderers.

So they want to continue the business and they can do it with BTC only. And yes, USA will continue saying they are moneylaunderers. Either way who cares: it is simply new big transactions for gambling regardless of the reason. Bitcoin grew on darkmarkets and grey economy will be bitcoin main core for long time maybe forever.

[calkob]

great the sooner that day arrives the better, the US dollar is a load of crap which is backed by the gun.

[cjmoles]

Okay....Ignoring some of the other stuff here:  I play poker at Bovada, several WPN skins, and some of the other networks as well.  Not only that but I keep a close eye on some sites with progressive slots....What I have been witnessing over the past 3-6 months, or so, is that there are several that are now providing a bitcoin deposit method...but they still don't provide a bitcoin withdrawal option!

The case of 5Dimes is interesting....any news on the other skins on that network?

[Atdhe]

just got that

amazing

We wanted to inform you in advance that, effective June 1, 2016, we will be moving all Betting Partners affiliate payments over to Bitcoin. Bitcoin will be the only payment method available moving forward, no other payment methods will be supported as of June 1st 2016 - Including Player Account Transfer.    
    
This change won't affect your April commission earnings. They will be paid out in May with the payment method you currently have registered in your Betting Partners account (if you are interested in receiving your April earnings paid via Bitcoin please contact btcsupport@bXXXXners.com). Please note, if you have earnings that are accrued or have not been triggered for payment by May 1, 2016, they will fall under the new policy and be paid out via Bitcoin in subsequent payment periods.    
    
Although this payment method may be new to you, rest assured, it's very easy to use and we ask that you start getting to know the product so that May's commissions are paid in full by June 10, 2016. As we approach the cut-off date, you'll receive all the relevant information, including visual step-by-steps instructions and a video tutorial.    
    
Here are some of the advantages of using Bitcoin:    
    
It's really easy to use:
–    Visit Blockchain Info and click on the 'Wallet' tab at the top of the page to set up your first wallet address - this takes only a few minutes and you can generate new wallet addresses as required at the click of a button.
–    Next, you will be able to transfer your earnings from Blockchain.info to any number of different Bitcoin Exchange services such as Kraken to exchange your Bitcoin into Fiat Currency, or you can also hold your Bitcoin in your wallet and spend it at your convenience.
–    We strongly suggest that you do not transfer your earnings directly to an exchange service but, first, to a Bitcoin wallet (Blockchain.info). Then you can move your earnings from your wallet to your exchange service as you see fit.

    
Ease is not the only advantage to using Bitcoin:
–    Receive your commission payments after they have been processed in under an hour.
–    No restrictions on the amount you can receive. We can process up to $40,000 per Bitcoin Address. If your earnings are above $40,000, you will be required to provide multiple addresses. However, they will all be processed at the same time, which means no delay in receiving your entire payment.
–    No fees to receive Bitcoin payments to your wallets.
–    No personal information required to receive payments.
–    No risk of payments being delayed by third parties.
–    The minimum payment threshold will be lowered to only $10 USD, which is great news for partners who do not hit the current minimum payment thresholds.
–    Bitcoin wallet security is our top priority. Affiliates will be required to provide new Bitcoin addresses each month in order to receive their payment. For your protection and ours, we will not be able to process multiple payments to the same Bitcoin address. This process is very easy and a new address can be generated within seconds from any Bitcoin wallet.

    
If your monthly earnings are significantly larger, we strongly suggest looking into Bitcoin Armory. They provide a secure, offline storage solution for holding Bitcoin. Use this to hold the majority of your Bitcoin balance offline, while using other online or mobile wallet applications for regular day to day spending. They also offer Tutorials should you need to use their services..    
    
We've created a special email address for all Bitcoin-related inquiries. If you have any other questions at this time, please let us know at btcsupport@beXXXXXners.com    
    
*Please note that this isn't the last of our correspondences regarding using Bitcoin so if you have any further questions, our next email might provide the answers you seek.    
    
For all inquiries that aren't related to your affiliate payments or Bitcoin, please continue to use support@beXXXXXners.com

[Gaugh]

great the sooner that day arrives the better, the US dollar is a load of crap which is backed by the gun.

Very interesting statement with holds much value. I see that the only way they can keep their dollar of any value is to cause war and hold a gun to the head of any nation that defies their way of policing the world.
See when Obama went to Britain and told the prime minister to keep from separating from the EU? Haha. 

Well, facts still remain that Americans hold something equivalent to a gun to the head of all nations to comply with their policies.


Look at the House of Assad in Saudi Arabia. In the '70s, America made a secret pact with the House of Assad to keep their monarchy in power provided they sell oil to the world in dollars, that way there will always be a worldwide demand for USD. So far so good, the agreement has worked out for both parties, and America seems determined to keep things that way...