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Author Topic: [CRYPTOSTOCKS] Gigadice.com - IPO Prospectus - [BTC, LTC, Paypal Cashouts]  (Read 6158 times)
Krikke81
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November 06, 2013, 11:28:22 AM
 #21

Your site looks good, very interesting the option of paypal withdrawal, do people need to bet to make use of that or can they just upload there coins and convert them to paypal?

Also do you have any idea about your possible profit margin? I am not aware what a bitcoin gambling site averagely makes.

Anyway, I'll follow your thread and try to invest a bit in you site!


Good Luck! Smiley

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hasher87
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November 06, 2013, 12:06:54 PM
 #22

im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases
simple-dice
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November 06, 2013, 09:29:16 PM
 #23

Your site looks good, very interesting the option of paypal withdrawal, do people need to bet to make use of that or can they just upload there coins and convert them to paypal?

Also do you have any idea about your possible profit margin? I am not aware what a bitcoin gambling site averagely makes.

Anyway, I'll follow your thread and try to invest a bit in you site!


Good Luck! Smiley

He told me it's a 3% fee (correct me if I'm wrong).
GigaDice
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November 07, 2013, 02:41:21 AM
 #24

Your site looks good, very interesting the option of paypal withdrawal, do people need to bet to make use of that or can they just upload there coins and convert them to paypal?

Also do you have any idea about your possible profit margin? I am not aware what a bitcoin gambling site averagely makes.

Anyway, I'll follow your thread and try to invest a bit in you site!


Good Luck! Smiley

There currently in a 3% fee associated with Paypal/Litecoin withdrawals simply to prevent individuals from using our site as an exchange service. I felt a flat fee would work the best for our site as it won't over complicate things for our bettors while still preventing our site from being exploited.



GigaDice
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November 07, 2013, 10:04:27 AM
 #25

im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases

Unfortunately we will be charging a flat fee for withdrawing in Paypal/LTC as we do not wish to be used as an exchange service while still remaining fair to our users.
hasher87
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November 07, 2013, 10:22:49 AM
 #26

im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases

Unfortunately we will be charging a flat fee for withdrawing in Paypal/LTC as we do not wish to be used as an exchange service while still remaining fair to our users.
don't mind! currently im stuck with btc -> gyft (amazon) conversion so yeah its good to see another alternatives  Cool
GigaDice
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November 08, 2013, 12:04:30 AM
 #27

Since Inputs.io got hacked and will no longer exist we will look at alternative wallets that allow for instant deposits.
GigaDice
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November 08, 2013, 08:00:08 PM
 #28

IPO is now live, if you're interested in investing please check out our listing on Cryptostocks.

http://cryptostocks.com/securities/65
Stake
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November 09, 2013, 04:17:03 AM
 #29

I like the site I will invest when I receive my Bitcoins.

Looks good.

GigaDice
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November 09, 2013, 05:52:41 AM
 #30

I like the site I will invest when I receive my Bitcoins.

Looks good.

Check out our listing if you're interested in investing.

http://cryptostocks.com/securities/65
Jungian
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November 09, 2013, 11:46:35 AM
 #31

Quote



Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
tonino
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November 09, 2013, 12:38:05 PM
 #32

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Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?

yes would also be interested to understand the Paypal option. I understood You take 3% fee and the receiver will eventually also pay another 4-5% to Paypal if I am not mistaken.

is Gigadice regulated? I am asking because a bitcoin casino would not need any regulation but with paypal or any other fiat payment processing a gambling/gaming license would be needed IMHO.
Stake
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November 09, 2013, 07:32:34 PM
 #33

I have a feeling (unfortunately) that U.S. users won't be allowed to use the PayPal option...

Well, that sucks.  Not his fault, most sites would do that.

Not sure if true just making an assumption.

GigaDice
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November 09, 2013, 10:26:59 PM
 #34

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Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?

I have proven my identity to a pre IPO investor already, however if enough prospective investors would like me to make my identity public I will happily oblige. The Paypal feature is a brand new concept we're bringing to the gambling scene and believe it can revolutionize Bitcoin dicing. Regarding the specifics of Paypal integration we unfortunately only allow for Paypal cashouts as deposits would leave us open to possible chargebacks. An issue we had while trying to incorporate Paypal was the chance that our site would be abused by individuals who wished to use us as an exchange service. To prevent this from happening we have introduced a 3% flat fee which would make possible "exchanges" not as lucrative all the meanwhile remaining fair to our users. Unfortunately, U.S citizens will be unable to cash out through Paypal as it would be in direct violation of several U.S laws, however U.S citizens are still able to access every other aspect of our site.
GigaDice
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November 10, 2013, 06:49:05 AM
 #35

I have a feeling (unfortunately) that U.S. users won't be allowed to use the PayPal option...

Well, that sucks.  Not his fault, most sites would do that.

Not sure if true just making an assumption.

Yes, U.S citizens will be unable to withdraw via Paypal. They will however still be able to access the rest of the site.
LighningChun
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November 10, 2013, 07:20:33 AM
 #36

i have an asian paypal account, can i do a withdrawal too?

Dragooon
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November 10, 2013, 09:44:32 AM
 #37

Isn't using PayPal for gambling activities a direct violation of their ToS?

BTC: 19YHRgwmfWWKePp2DHZiQgsM4aTAFVT7S9
GigaDice
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November 10, 2013, 09:55:59 AM
 #38

Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.
tonino
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November 10, 2013, 10:11:36 AM
 #39

Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.

hmm and I thought each fiat payment or withdrawal requires a gambling/gaming license ( at least in Europe and some other countries) please correct me if I am wrong.
GigaDice
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November 10, 2013, 11:26:16 PM
 #40

Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.

hmm and I thought each fiat payment or withdrawal requires a gambling/gaming license ( at least in Europe and some other countries) please correct me if I am wrong.


I'm positive even BTC - BTC gambling sites like JustDice require gambling licenses now since FINcen has updated their policy.
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