Satoshibet.io | Lightning Network | Provably Fair | No Registration | Trollbox

[Twinkledoe]

What is the meaning of Lightning network? I'm hearing this kind of network many times. Does it have a fast transaction because of the word lightning?

Articles you can read about lightning network :

https://cointelegraph.com/lightning-network-101/what-is-lightning-network-and-how-it-works#pros
https://en.wikipedia.org/wiki/Lightning_Network
https://lightning.network/

You are right, fast and very cheap transaction. That's why satoshibet can afford to have the minimum deposit and withdrawal of 1 sat, where you can't have that in a regular bitcoin transaction.

[DarkKnightNeverDie]

Lightning Network makes transaction become cheaper, and it makes more sense for small transactions.
With same fees, but it is insignificant for larger transactions, but tune to be significant for small transactions in the ratio between transaction fees/ total money transacted

[JollyGood]

Everybody should avoid Satoshibet.io until it sets up correct TOS/Privacy Notices and shows the name/address of the owner

Is this thing necessary for those owner to give their address?

All LTD/LLC companies show their credentials on the websites they own.

If this thing makes them more trustworthy then I think they should show their credentials.

Well it would give more credibility to any website. They should not list people but at least the name of the company and its contact details.

[AmoreJaz]

Everybody should avoid Satoshibet.io until it sets up correct TOS/Privacy Notices and shows the name/address of the owner

Is this thing necessary for those owner to give their address?

All LTD/LLC companies show their credentials on the websites they own.

If this thing makes them more trustworthy then I think they should show their credentials.

Well it would give more credibility to any website. They should not list people but at least the name of the company and its contact details.

with the growing number of gambling sites recently, i doubt most of them are following the basic necessities of a decent platform. it is up to the user if he will gamble his money on a new site without taking much into consideration the legalities involved.
the gambler is accountable with his actions. because these gambling sites are built for money reasons

[tanvir232]

Satoshibet was established in a couple of years back in 2013. Initially, the players from US were allowed to use the gambling services of this website, but later in the year 2014, the players from US were restricted to access the services of this website.The website of this company is very simple and does not include any excessive animation and fashionable things. The homepage is very simple, intuitive and clear to understand the services offered by the website.

[JollyGood]

with the growing number of gambling sites recently, i doubt most of them are following the basic necessities of a decent platform. it is up to the user if he will gamble his money on a new site without taking much into consideration the legalities involved.
the gambler is accountable with his actions. because these gambling sites are built for money reasons

No gambler should be betting on websites that do not even display which country any legal court case will take place in if one party sues the other.

If the website is trying to hide behind anonymity rather than display a company name, a company address and comprehensive Terms/Conditions policy then you may as well not send your crypto there.

[nakamura12]

I'm kind of noob in understanding the lightning fast network but it seems cool af. I earnt some Satoshi on the lightning network from a freelancing website paying in btc. I was confused how to withdraw it and it would have been fun if I could gamble it because it's really a small amount I'll try this site and see how it works out

Well, I can share some of information about the lighting network and it's advantages. When lightning network is used you can have some advantages when you are sending bitcoin. You won't be paying normal transaction fee or almost no fee at all that is one of the advantage that the lightning network has.

[Probablylikely]

I can't seems to find the trollbox on the website itself tho. Am i missing anything here?
Anyway to encourage the players to ask for tips in your trollbox is a pretty bad idea. Bcos you will allow them to have this wrong mindset at other online gambling chat rooms as well. They will only end up getting muted for asking for tips in the room. As a site moderator myself, we often receive spammy requests like this and we will not hesitate to mute them if they were to ask again despite being warned the 1st time.
Other than that, the overall of your site is still fine, smooth interface,fast browser loading time, almost instantly. The game is a replica of Bitdouble.io isnt it? Not saying that its not ok to replica games since we have unaccountable sites hosting the same games out there. Just happened to notice the similarities that's all.
I luv the idea of using Lightning network for the deposits and withdrawals at your site as well! Pluspoint!;)

[panjul07]

I can't seems to find the trollbox on the website itself tho. Am i missing anything here?

Maybe the trollbox does not work on mobile browser, that's why you cant see it. If you access it through PC then you will see it on the left of your browser.

Anyway to encourage the players to ask for tips in your trollbox is a pretty bad idea. Bcos you will allow them to have this wrong mindset at other online gambling chat rooms as well. They will only end up getting muted for asking for tips in the room. As a site moderator myself, we often receive spammy requests like this and we will not hesitate to mute them if they were to ask again despite being warned the 1st time.

It is not that bad, if people do it at other site's chat rooms without being asked by the owner/moderator then it is their own fault if they get muted for begging. This is their rule, so users need to understand that it cant be done at other sites.

Other than that, the overall of your site is still fine, smooth interface,fast browser loading time, almost instantly. The game is a replica of Bitdouble.io isnt it? Not saying that its not ok to replica games since we have unaccountable sites hosting the same games out there. Just happened to notice the similarities that's all. I luv the idea of using Lightning network for the deposits and withdrawals at your site as well! Pluspoint!;)

The game is indeed the same as what you see at bitdouble, as long as they created it without stealing the script that is being used by bitdouble or other site so it is not a big problem.

[JollyGood]

Anybody know why this website is not operating and why its social media has not been updated?

[mindrust]

Anybody know why this website is not operating and why its social media has not been updated?

Looks like its abandoned. Tried to access with both VPN and regular connection, no success. The op isn't active since March too. Sad.

[JollyGood]

Anybody know why this website is not operating and why its social media has not been updated?

Looks like its abandoned. Tried to access with both VPN and regular connection, no success. The op isn't active since March too. Sad.

It might be a blessing in disguise because those with funds held on the website might have lost tiny amounts if that. Thankfully people have not lined up to make claims of being scammed.