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panganib999
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March 18, 2021, 07:15:02 AM
 #101

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.

I think we can say that the only thing that bitcoin is blamed for all of it is that for its being decentralized. Those criminals takes the advantage of using it in some illegal transactions because bitcoin or crypto transactions are definitely anonymous. You can send anywhere or to anyone by just a simple address. We all know that this has an advantage yet it also have a disadvantages. In gambling I can say that crypto is a very helpful thing because many people get started to know it and learn how to manage their money while of course some also become slave of their greed.

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March 18, 2021, 07:43:52 AM
 #102

-snip-
This is why there is misunderstanding about bitcoin at the beginning days that bitcoin is created for the gambling and illegal needs.
-snip
What's wrong if bitcoin or any crypto currencies are used for gambling? It's not wrong if you are gambling with your own money for entertainment purpose. It's only wrong to gamble if you are addicted and about to ruin your life (along with others that are close to you).
Do you know that the total amount of bets placed using fiat currency is higher than all crypto currencies combined? Even more people commit crimes using fiat currency. It's easier for them to use the liquid money.

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March 18, 2021, 01:12:43 PM
 #103

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

exchanges are currently working hard to get their customers to comply with KYC measures and it seems to me that in the future KYC will go to gambling sites. from what I see in the gambling it still allows people to use the sites without having to do KYC, but at the same time it becomes a great source of problems as people abuse the system and create many accounts and in the end it comes disputes between customers and gambling sites.

My point is that we have to prepare for the future where we will have to do KYC on the gambling sites and we will have to respect the gambling sites when they ask us to do KYC, and it is boring and irritating to do KYC, but we will have no choice in the future

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March 18, 2021, 01:20:28 PM
 #104

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.

Think it this way, for people who understand this industry, it's easy to embrace things that encircling this business.
the market is wide and it depends from how you interpret everything.

criminality's are also seen in any form of system, if criminals see the advantages using the platform it won't be hard
for them to adopt and start using it. They are present and they will grab the opportunities.

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March 18, 2021, 06:05:59 PM
 #105

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.

I think we can say that the only thing that bitcoin is blamed for all of it is that for its being decentralized. Those criminals takes the advantage of using it in some illegal transactions because bitcoin or crypto transactions are definitely anonymous. You can send anywhere or to anyone by just a simple address. We all know that this has an advantage yet it also have a disadvantages. In gambling I can say that crypto is a very helpful thing because many people get started to know it and learn how to manage their money while of course some also become slave of their greed.
Bitcoin isn't definitely anonymous. Look how many cases of criminals dealing with bitcoins were caught by the police and their bitcoins confiscated by governments around the world. Bitcoin is traceable and if there is someone using it in a bad way sooner or later he will be caught like any other criminal dealing with fiat. For this reason bitcoin shouldn't be seen negatively.
However, governments which forbid gambling activity on their countries will use the excuse they are tracking criminals to persecute gamblers who just want to have some fun playing online at crypto casinos. It can prejudice crypto gambling adoption by crypto enthusiasts.

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March 19, 2021, 02:49:27 AM
 #106

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.

I think we can say that the only thing that bitcoin is blamed for all of it is that for its being decentralized. Those criminals takes the advantage of using it in some illegal transactions because bitcoin or crypto transactions are definitely anonymous. You can send anywhere or to anyone by just a simple address. We all know that this has an advantage yet it also have a disadvantages. In gambling I can say that crypto is a very helpful thing because many people get started to know it and learn how to manage their money while of course some also become slave of their greed.

Because the government can't see where they send money and who are the receiver. The government doesn't like that, so they don't approve until now. Yes, the criminals are aware of that. That will not be a problem for them to convert their money into bitcoin in a large amount to send the bitcoin amount to their friends or the other department from their organizations anytime. In gambling, crypto can help us to play gambling anonymously without anyone knows. But that needs our attention always to manage our money.

Bitcoin was widely used in Criminal activity, money laundering and gambling which made many people wary of Bitcoin thinking its evil and scam. Right now there are a lot of use cases from being a hedge and becoming a legitimate investment. That was the many reasons why current regulations exist from Governments on Cryptocurrency.

If they can open their minds that bitcoin is just a tool like money, they will not think about the negative thing from bitcoin because the money will also be the same as bitcoin. Using bitcoin for criminal activity or a good thing will depend on each people, and I think they will know what they suppose to do with their bitcoin. But yes, when the criminal happens using bitcoin, the media blows up the news and blames bitcoin for criminal activity. But I am sure that people are smart and wise to read the news, and many of them will still use bitcoin for a good thing.

Think it this way, for people who understand this industry, it's easy to embrace things that encircling this business.
the market is wide and it depends from how you interpret everything.

criminality's are also seen in any form of system, if criminals see the advantages using the platform it won't be hard
for them to adopt and start using it. They are present and they will grab the opportunities.

I guess the criminal already used bitcoin because a big criminal organization that uses technology to communicate to their members will know about bitcoin. They are making a transaction on the dark web can buy bitcoin or other coins to be used in their transaction. That will be safer than using fiat money, even if they use the other fiat currency.

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March 19, 2021, 05:09:42 PM
 #107

In this week's edition:

- How you can get double winnings on UFC main event fights this weekend
- Spinomenal's €25,000 competition and how to enter
- A weekend treble to keep an eye on

Read in full in here - https://bitedge.com/blog/crypto-betting-weekly-19-march-2021/

Let me know your thoughts!
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March 26, 2021, 02:55:38 PM
 #108

Hope everyone has had a good week.

I've just finished writing our latest Crypto Betting Weekly, take a look and see the latest crypto gambling news and our bets for the weekend.

Mega Moolah?s jackpot is worth a monumental 322 BTC, anyone giving it a go?

https://bitedge.com/blog/crypto-betting-weekly-26-march-2021/
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