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[God Of Thunder]

Usa is printing dollars, but emerging countries and printing much more

Inflation in Brazil often reaches 10% per year.

It is an amazing deal to be able to buy usdt or usdc. And it is very cheap to send money abroad using those stablecoins

Yeah. If inflation is too high in your country, I assume you already know why it happens. However, in my country, most people do not understand why inflation occurs, and they still keep their money in fiat currency. At the same time, some investors actually invest their money in Gold and foreign currency. Since almost every transaction they converted into USD, keeping USD is a good option for us. However, the fact is that inflation in the US is also high. The world is making the US richer.

Yes, sending money using these stablecoin options is much cheaper and faster. However, due to the reason I mentioned in my previous post, people still send money using the banking channel.

[Nightwalker(NW)]

[...]
Of course using cryptocurrency to make deposit to gamble is always the safest and fastest without waiting for any third party approval or permission from Bank for deposits to credited to your account.
You know one feels more safer gambling using crypto gambling than fiat, whereas there are other who also loves using fiat because they aren't that familiar with cryptocurrency and how to use them.

I completely agree that crypto deposits are unbeatable when it comes to speed and independence ... no banks, no delays, no frozen funds.
For anyone who’s comfortable with wallets, it’s clearly the superior option.

That said, fiat still has its place for newcomers. Many players simply aren’t ready to buy BTC or USDT yet, and forcing them into crypto too early can scare them away from gambling altogether. The best casinos therefore offer both: instant crypto deposits for experienced users and traditional payment methods for beginners.

For newcomers with time they could get used to it, and you are right telling newcomer who is not that familiar with cryptocurrency to start buying  and funding their account with bitcoin could be that tough for them, so some of them would prefer fiat deposits which also allows them to have any amount, without much restricting them on the mini they could deposit to gambling, unlike some site that usually has limits or certain amount one should be able to deposit to able to gamble, and if that requirement is not met their deposits wouldn't get credited to their account.

[pawanjain]

Not all government that will do such a thing to their people that are into gambling, because there are some people that are using gambling to get their daily food not to be involve in bad activities in the country. I have heard many government officials saying that gambling is a bad thing to their society, and is causing the youths not to focus on their education and other business activities in their country.

This is the kind excuse some government officials is  giving as a reason to use the tax on gamblers to frustrate gambling owners and the ones planning to establish gambling center, because the government know that they can't afford to use such amount of money as tax to create gambling center where each gamblers will be charge daily for tax.

Yeah, not all government would do such a thing but many do. After all, its the government who is making the profits by taxing the citizens for gambling.
Its kind of free money for them which is a solid reason why many government don't hesitate to tax gamblers insanely.
A universal regulatory framework is required so that all gamblers can be taxed the same way and provide them safety in case of frauds.

[notocactus]

Yeah, not all government would do such a thing but many do. After all, its the government who is making the profits by taxing the citizens for gambling.
Its kind of free money for them which is a solid reason why many government don't hesitate to tax gamblers insanely.
A universal regulatory framework is required so that all gamblers can be taxed the same way and provide them safety in case of frauds.

If you win, you will be taxed and if you win big, you will be taxed more considerably as taxation is a hierarchy.

Governments can set up things to tax people more if they consider gambling is a dangerous activity which need to be restricted like cigarette and smoking, alcohol drinking, for example.

With governments, it's very hard to ask for fairness from them, even you are living in a nation with democracy, it takes a lot of efforts from community and time for changes. Usually, govnerments will try to take action ahead of their citizen's responses.

[Lakai01]

If you win, you will be taxed and if you win big, you will be taxed more considerably as taxation is a hierarchy.

Governments can set up things to tax people more if they consider gambling is a dangerous activity which need to be restricted like cigarette and smoking, alcohol drinking, for example.

With governments, it's very hard to ask for fairness from them, even you are living in a nation with democracy, it takes a lot of efforts from community and time for changes. Usually, govnerments will try to take action ahead of their citizen's responses.

I second this ... gambling winnings are easy targets for progressive taxation because governments view betting as a "sin" activity, just like tobacco or alcohol. The state collects revenue while claiming to protect citizens from themselves.
In most jurisdictions, the more you win, the higher the effective tax bite, often without any deductions for losses.

Crypto betting helps a lot here: decentralized books, stablecoin settlements, and no KYC mean the taxman often never sees the transaction (directly). True fairness would require treating gambling profits as capital gains with loss offset, but governments rarely move in that direction unless forced by strong lobbying or competition (low or no-tax jurisdictions, ... yes, they exist ). Until then, privacy-friendly platforms remain the practical answer ...

[TopTort777]

By the way, I decided to check BC, and pretty nice surprise:

What have you been doing there to receive such a bouquet of bonuses ? I only receive few dollar worth BSD token as part of promotional emails, maybe every two weeks or so. One is from deposit bonus, but how did you get freebet? Participated in anniversary activities and got a bonus? Any wagering requirement to keep those bonuses?

Congrats. Hope you will manage to multiply those bonuses

[memehunter]

governments view betting as a "sin" activity

I am not sure about government considering it as a ''sin'' or not but government reaps heavy profits with current taxation policies regarding gambling so it is unlikely that any change will occur. You are right in assuming that no KYC and decentralized crypto gambling is the future, most of the crypto transactions are happening in online gambling anyway so it is just a matter of time.

[Rruchi man]

Until then, privacy-friendly platforms remain the practical answer .

The number of privacy-friendly platforms is on the decline, with most casinos demanding KYC registration at the initial stages of setting up an account or maybe at the stage of withdrawal.

Many casinos that act uninterested in KYC at the signup stage, where a gambler is required to open up an account, later get to demand those details.

no KYC mean the taxman often never sees the transaction (directly).

We may never be able to hide from the taxman.

[Synchronice]

I want to play poker on BC.Game but for that I need to reach VIP level 8. I don't want to deposit up to a thousand dollar just to wager enough to reach VIP level 8 but a couple of hundreds are okay for me. Which games do you guys suggest me to easily wager a lot? I prefer it to have 1% house edge, i.e. 99% RTP (I don't want 2% house edge games) and in the best case, it should be automatic because if I don't enjoy the game, I find it very hard to play for a long time.

Plinko... play it on auto, and just relax & watch those balls falling in those holes. Of course, max balls & easy or medium level... You will last longer with your balance, and with some luck, some balls can end up in the farther left or right hole. If that happens, you can even finish your session with some profit.

By the way, I decided to check BC, and pretty nice surprise:

Wow, $151 is a very nice bonus. Is that a rakeback bonus or can you instantly play with that money or withdraw it? To be honest, I'm not a fan of rakeback bonus because it takes tons of money to claim them.

I tried playing Plinko. At first I played Lightning mode. It was the most entertaining mode because of random 4x, 5x and 25x bonus but it drained my balance soon and wasn't a good choice for wagering. Then I tried Low mode and it was more or less good for wagering but sadly, it has 2% house edge instead of 1% and it makes a difference when I compared wagering from 1% house edge plinko to 2% house edge plinko.

Ah, I wish, there was a filter on their website that would let me to sort games according to their RTP.

[God Of Thunder]

so the government gives you a free 2.5% extra if you receive money (i assume it's for USD/EURO) from abroad? i have never heard of anything like this before. why would they do that?

where i'm from, not only do you need to pay exchange fees, but depending on the bank, there is even an extra fee for just receiving international payments, so crypto is a way better option, and you can easily exchange it to fiat using P2P.
the only drawback is you can't do that with large amounts, else you could get into trouble.

Not only USD/EURO, but every currency you send from abroad. However, this does not apply if the sender is a foreigner. For example, if you send money to my bank account, I won't receive the 2.5%. Instead, I will be taxed and pay extra fees on that amount received. This only applies if the sender is Bangladeshi themselves. Let's say I live in the Middle East or Europe, or my family members live there, and they send money to Bangladesh via a banking channel; it will be considered a remittance, and the government will provide an additional 2.5%.

Why do they do it? It's because people were using illegal channels to send money, and the government wasn't generating any revenue. A country's foreign currency reserve from exports is often insufficient. The government encourages people to send money through banks, providing an additional 2.5% interest, which helps individuals avoid using illegal payment methods and allows the government to maintain a sufficient foreign currency reserve.

[iv4n]

...

What have you been doing there to receive such a bouquet of bonuses ?

Wow, $151 is a very nice bonus. Is that a rakeback bonus or can you instantly play with that money or withdraw it? To be honest, I'm not a fan of rakeback bonus because it takes tons of money to claim them.

I don't know... I just logged in, and I saw that the present box is shining! 0 wager in the last month or even two... By the way, the free bet is lost! Liverpool disappointed! And this is the first time I've received a "bonus balance" on BC, it's usually locked BCD! I am around 90$ at the moment... I initially went over $200, but slots can be tricky... Anyway, I am still alive!

I tried playing Plinko. At first I played Lightning mode. It was the most entertaining mode because of random 4x, 5x and 25x bonus but it drained my balance soon and wasn't a good choice for wagering. Then I tried Low mode and it was more or less good for wagering but sadly, it has 2% house edge instead of 1% and it makes a difference when I compared wagering from 1% house edge plinko to 2% house edge plinko.

Ah, I wish, there was a filter on their website that would let me to sort games according to their RTP.

Lightning mode is crazy mode... if you wish to survive and have a chance for some profit, you need to have a quality setup. I see RTP is important to you, but I don't really pay attention to that. If it's a good day for us, we will win against all odds, but if it's a bad day... even on x1.01, you will see the 3 reds.

I think I am the only one who mentioned Cave of Plunder a few times... 2% house edge, but the thrill can go to 102%... Let me know when you hit x500.

Good luck to all players!

[Cointxz]

By the way, I decided to check BC, and pretty nice surprise:

You’re so lucky to received 3 boxes. I only received 360% rakeback deposit bonus when I check my casino account after reading your post.

Perhaps, It’s because you are betting big before on their sportsbook? I don’t play sports betting in there so it might be the reason why you get freebets as a welcome back bonus.

They are very generous lately on their welcome back promo.

[topbitcoin]

By the way, I decided to check BC, and pretty nice surprise:

Hey that's quite a lot of bonuses to get and it definitely adds to the excitement of gambling.

I rarely get this much bonus in a site anywhere although still can get some bonus in cashback or some spins in the game but the bonus of 3 claims at once is definitely very different.
But certainly this bonus will be proportional to what you do from the game or deposit for a site because a large bonus means that your contribution or level of play on the site must also be large.

[boyptc]

By the way, I decided to check BC, and pretty nice surprise:

Wow congratulations, that's a lot to gamble with those bonuses that you've got. $200 worth to gamble with and then 360% rake back.

You're gonna enjoy it definitely.

I rarely get this much bonus in a site anywhere although still can get some bonus in cashback or some spins in the game but the bonus of 3 claims at once is definitely very different.
But certainly this bonus will be proportional to what you do from the game or deposit for a site because a large bonus means that your contribution or level of play on the site must also be large.

Yes, he's wagered a lot for sure and that's why bc.game is generous on him for acknowledging that and by giving that bonus back to him.

[Bitcoin_Arena]

governments view betting as a "sin" activity

I am not sure about government considering it as a ''sin'' or not but government reaps heavy profits with current taxation policies regarding gambling so it is unlikely that any change will occur.

Perhaps it's regarded as a "sin" because some Governments will reach to an extent of even banning in. In other countries dominated by regions such as Islam, it automatically starts to look like a "sin".

In my Jurisdiction, the Government just decided to impose high taxes on winnings from gambling instead of just banning it. However, this mostly applies to physical casinos that are registered within the country.

[bitzizzix]

governments view betting as a "sin" activity

I am not sure about government considering it as a ''sin'' or not but government reaps heavy profits with current taxation policies regarding gambling so it is unlikely that any change will occur.

Perhaps it's regarded as a "sin" because some Governments will reach to an extent of even banning in. In other countries dominated by regions such as Islam, it automatically starts to look like a "sin".

In my Jurisdiction, the Government just decided to impose high taxes on winnings from gambling instead of just banning it. However, this mostly applies to physical casinos that are registered within the country.

Of course, Muslim-majority countries prohibit gambling as a sin, and casinos are prohibited primarily for strong religious reasons, as gambling is expressly prohibited under Islamic law (Sharia).
On the other hand, non-Muslim countries permit it for several reasons, including profit and taxation. While there are pros and cons for both the majority and the minority, including the government, the government must respect and value the majority, as they are more numerous and wield greater power. However, this does not mean they cannot gamble in traditional casinos. There are usually specific regions or areas where it is permitted, with restrictions and regulations in place.

However, online casinos do not pose any problems or impacts, even in Muslim-majority countries and can be an alternative for those who still want to gamble in countries that strictly prohibit conventional casinos.

[Ruttoshi]

A universal regulatory framework is required so that all gamblers can be taxed the same way and provide them safety in case of frauds.

I think the government is after taking taxes from casinos and gamblers which is the main reason why they regulated casinos and not to provide gamblers safety in terms of fruad. Only the rich can sue a casino if they win big and the casino didn't pay them. Do you know how many poor gamblers insincere casinos have scammed by not paying them their win.

Government is always after what they get from gambling industry which is why they don't bother to set up a body that will always monitor these casinos activities to make sure that they obey the regulatory laws.

[hd49728]

I think the government is after taking taxes from casinos and gamblers which is the main reason why they regulated casinos and not to provide gamblers safety in terms of fruad. Only the rich can sue a casino if they win big and the casino didn't pay them. Do you know how many poor gamblers insincere casinos have scammed by not paying them their win.

Government is always after what they get from gambling industry which is why they don't bother to set up a body that will always monitor these casinos activities to make sure that they obey the regulatory laws.

Governments know that they can get a lot of tax from gambling industry as well as exchange industry that is biggest reason they put these industries in their radar and also enforce many regulations there. Their goal is money, from business tax to personal income tax, and they know people are very actively with their money in gambling and cryptocurrency exchanges.

Regulations they have tried to enforced more and stricter on gambling and exchange like KYC and AML have many purposes but not only about crime. They care more about tax, money from tax, and they don't want their citizens doing tax violation successfully from online casinos and cryptocurrency exchanges. Fight against fraudulent activities is only one of their reasons, not the main one, but you of course can consider tax violation into criminal thing.

[Johnlomape]

The government will always do what they want and how they like it to be done to make people give up so that they can either oblige to the taxation impose on them or give up due to the high taxation. The government knows that if they ban gambling and cryptocurrency, it is going to have effect on the citizens to take up challenge against them so they decdied to milk the public by increasing taxation to force people to stop or continue to pay heavy taxes. There is nothing that can be done about this since gambling and cryptocurrency trading can also be profitable.

Not all government that will do such a thing to their people that are into gambling, because there are some people that are using gambling to get their daily food not to be involve in bad activities in the country. I have heard many government officials saying that gambling is a bad thing to their society, and is causing the youths not to focus on their education and other business activities in their country.

This is the kind excuse some government officials is  giving as a reason to use the tax on gamblers to frustrate gambling owners and the ones planning to establish gambling center, because the government know that they can't afford to use such amount of money as tax to create gambling center where each gamblers will be charge daily for tax.

Not all government will do this but there are already government that are doing that, making the mistake of not allowing their people to gamble without providing enough job opportunities for them to get revenue from their different jobs without relying too much on alternatives ways to make money like gambling.

I know the government may be trying to reduce the level of gambling rate in their country but it will not make any sense when their is nothing available for the people like job opportunities that will enhance their sources of income to be moderate. Even in advanced countries, the government allows their people to involve themselves in any activities they like once it's not illegal.

[Synchronice]

Lightning mode is crazy mode... if you wish to survive and have a chance for some profit, you need to have a quality setup. I see RTP is important to you, but I don't really pay attention to that. If it's a good day for us, we will win against all odds, but if it's a bad day... even on x1.01, you will see the 3 reds.

I think I am the only one who mentioned Cave of Plunder a few times... 2% house edge, but the thrill can go to 102%... Let me know when you hit x500.

Good luck to all players!

Yes, that's a crazy mode but gave me some rush when I was playing it. What quality setup do you mean? I like Blackjack and as I see, BC.Game's Original Blackjack has 0.48% house edge, which is amazing but for some reasons, it's lagging on my device (no problem with my device or internet speed) and sadly, it doesn't offer side bets. Side Bets make Blackjack very attractive for me and I really miss them on BC's Original Blackjack. Also, after seeing a wonderful UI of BC.Game, I feel disconnected when I play their Blackjack because it doesn't have attractive UI and looks very 2010s game.

I also checked Cave of Plunder right now and it's a wonderful suggestion. It's very unique and entertaining game. I'm playing it while I'm typing