notblox1
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December 08, 2023, 07:36:43 PM |
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You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding.
Last I heard was that atomic wallet was hacked, people lost a lot of money and keys got exposed, so I dont think it is a good idea to use this wallet. You can do something else, add restrictions on your network and devices for gambling site you dont want to use, and split password with your best friend of family member. If someone is so deeply addicted with anything it is better to go in some addiction therapy and search for a cure.
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Myleschetty
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December 08, 2023, 07:47:36 PM |
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I don't understand what's anonymous gambling sites have to do with your post. The another alternative is using time lock, you can lock your coins how long you want. Or the best solution is to learn about self control without need to use any tool that could give drawbacks of hack, urgent need, human mistake etc. I will also assume that am hearing something called anonymous gambling for the very first time, what comes my mind was the idea that or can gamble and also make use of the safety privacy gambling practice to connect his wallet to the gambling platform or make use of a decentralized crypto gambling platform, but anyway, this is going to be another means for learning each day about gambling and some of its anonymous sites. Yes, this is a new thing but despite the anonymity, liberation, and no KYC advantage it presents it also has the disadvantage of the user losing their fund. According to the OP "Fairlay - has a very high limit for bets, especially on US sports, and you can easily bet there $5,000 - $20,000 on a game there, even more."It is better to use a trusted crypto booker. What does he do? Contact Fairlay? They won't help him. These guys have an instant link registration, 100% anonymous, 0 details about yourself, not even an email.
You said not even an email address. Why does the Fairlay bookmarker requested email for signin? Second. Why would new user contact the booker before he can register on the platform? Which I think could also be a way of the platform have chance to steal from user
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3kpk3
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December 08, 2023, 08:01:20 PM |
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You said not even an email address. Why does the Fairlay bookmarker requested email for signin? Second. Why would new user contact the booker before he can register on the platform? Which I think could also be a way of the platform have chance to steal from user
You clearly don't know much about Fairlay. They are the most popular crypto betting exchange with Pinnacle odds similar to betting exchanges like Betfair, Matchbook etc with a way lower commission rate. They turned off registrations sometime back and they are quite reputed which is why they don't steal from their players.
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Hispo
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December 08, 2023, 08:02:55 PM |
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I don't understand what's anonymous gambling sites have to do with your post. The another alternative is using time lock, you can lock your coins how long you want. Or the best solution is to learn about self control without need to use any tool that could give drawbacks of hack, urgent need, human mistake etc. Yes, I agree. This method OP is talking about and also de method of locking one's coin in general is something which will likely appeal to gamblers who cannot longer control themselves and decided to restricting access to their money is the way to go, but it would be ideal never to get to that point in the first place. What if the gamblers needs to access that money because some unexpected situation or an emergency? It does not sound healthy, it may induce the gambler to ask for loans to get by. I would rather not lock all of the money and perhaps try to find someone I trust who would help me to manage my personal finances, instead locking me out of them completely. It is a personal choice, in the end, to each their own...
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Porfirii
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December 08, 2023, 08:07:45 PM |
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Other details apart, staking your coins as a way to keep them out from your gambling spending power is a solution so obvious that I'm sure no one of us thought about it before ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . The first idea that comes to our minds is the self-exclusion, but one should self-exclude himself from all the betting platforms that he uses, which can be tedious and at the very least an obstacle, apart from what you said that not all sites have this feature available. On the other hand, if you stake your coins you lock them with just one click, and you even win a little interest. One could have the same problem mentioned before, though: if you have many different coins you should stake them all, and some may not give that option. But I liked the alternative, maybe not as sophisticated as others that have been proposed in this thread, but simple and useful.
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Wiwo
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December 08, 2023, 09:20:37 PM |
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M Yes, I agree. This method OP is talking about and also de method of locking one's coin in general is something which will likely appeal to gamblers who cannot longer control themselves and decided to restricting access to their money is the way to go, but it would be ideal never to get to that point in the first place. What if the gamblers needs to access that money because some unexpected situation or an emergency? It does not sound healthy, it may induce the gambler to ask for loans to get by.
I would rather not lock all of the money and perhaps try to find someone I trust who would help me to manage my personal finances, instead of locking me out of them completely. It is a personal choice, in the end, to each their own...
When it comes to strong addicts, giving the money to someone they trust could still result in them having access to that money when the urge to gamble becomes intense for them, they will go against any agreement they hard with the person holding the money for them. So the best approach is the lock of money that the ops point out, which is most effective even though the gamblers have self-exclude themselves from the casino, there is still the need to lock their money away where they will be denied access to that funds to avoid any possible position of getting back into gambling due to the addiction pressure on him.
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khaled0111
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December 08, 2023, 10:39:06 PM |
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I don't know much about how staking works but I can think of many drawbacks in this method. The most important drawback is that when you stake all your coins or lock your balance in order to prevent yourself from sanding it on gambling, you will prevent yourself from spending it on any other thing too. This will be bad in case of emergencies. Also, an addict will surely find a way to get around this like using recently acquired cryptos (not yet locked). Or simply use fiat.
notbloks1's suggestion is what came to my mind when I fierst read this topic. It's way more effective and am sure there are many softwares which will let you block access to certain websites.
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Get-Paid.com (OP)
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December 08, 2023, 10:57:46 PM |
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The most important drawback is that when you stake all your coins or lock your balance in order to prevent yourself from sanding it on gambling, you will prevent yourself from spending it on any other thing too.
The solution is not a bullet proof solution that works for every single gambler out there, however, it could accommodate many who are in a need to lock themselves out of the ability to gamble. Someone who got inheritance for $80,000 and wants to save it in Crypto, but wants to avoid gambling it away would find it quite useful. The use of crypto doesn't have to be for gambling, and most people do have money in their bank accounts, but some are restricted in their own countries to gamble, thus they must use crypto to gamble, or don't gamble at all ... For these people locking away crypto, for instance, is a great solution, as they can't easily gamble. They can use their bank account to buy more crypto but it is costly and many times not instant, depends on how they buy it etc. - especially if they want to save fees. So all in all, you have a solution here, again it's not a bullet proof solution but it could help many who need it, it's about being creative with our ever changing world.
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kotajikikox
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December 09, 2023, 12:23:43 AM |
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You can watch this video from 07:20 if you want to skip on the other parts: https://www.youtube.com/watch?v=sxty2XhTwVIBasically it's very simple. You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding. Thanks for sharing this video mata and for sure I will share everything about this in my social media accounts for saving some of my active gamblers friend that is having a rough time stopping their gambling activities . 21 days gambling stopping is really a big help for gamblers to realized what they are missing and what they can do in their time and money instead of keep losing . though it is not that simple but yeah it is important to everyone in gambling world to have this rest for 3 weeks.
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adzino
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December 09, 2023, 12:57:45 AM |
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-snip- You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding.
The locking (staking) is done with one single click of a button, and it's practically speaking, equivalent to activation of self-exclusion on an online gambling site with a click of a button (and yet not all sites offer it unfortunately).
For example, you stake (lock) $200 of your crypto, and that's all crypto available for you - then you can't play/gamble/risk it for at least 21 days ... do it 15 times a year time after time, and you would be excluded for a long time.
The only drawback with this method is Atomic doesn't offer this on USDT so some "gamblers" might not like this idea because they trust stablecoins more than other crypto coins, but this is FYI.
So you are saying the only way to do is by locking your coins by staking it on the network? That's one way, but I that doesn't "stop" you from gambling. You could by more coins, and deposit and start gambling again... And once the coins that you have staked and the locking period is over, you will be gambling with those too. So you actually end up gambling and losing more money. Not the best way to "self exclude" from an anonymous casino. And like you have mentioned, if they use other currencies, they won't be able to lock it. The only way to stop gambling if you are addicted is to get professional help.
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Reatim
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December 09, 2023, 01:15:12 AM Last edit: December 09, 2023, 04:50:18 AM by Reatim |
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-snip- You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding.
The locking (staking) is done with one single click of a button, and it's practically speaking, equivalent to activation of self-exclusion on an online gambling site with a click of a button (and yet not all sites offer it unfortunately).
For example, you stake (lock) $200 of your crypto, and that's all crypto available for you - then you can't play/gamble/risk it for at least 21 days ... do it 15 times a year time after time, and you would be excluded for a long time.
The only drawback with this method is Atomic doesn't offer this on USDT so some "gamblers" might not like this idea because they trust stablecoins more than other crypto coins, but this is FYI.
So you are saying the only way to do is by locking your coins by staking it on the network? That's one way, but I that doesn't "stop" you from gambling. You could by more coins, and deposit and start gambling again... And once the coins that you have staked and the locking period is over, you will be gambling with those too. So you actually end up gambling and losing more money. Not the best way to "self exclude" from an anonymous casino. And like you have mentioned, if they use other currencies, they won't be able to lock it. The only way to stop gambling if you are addicted is to get professional help. Exactly same point in mine mate , Addicted gamblers will keep looking for funds to gamble so no matter how they try locking their existing funds in staking/Unstaking yet they will generate another funds when they felt wanting to gamble and deposit to another gambling site , so what I wanted to include is that the best way to self exclude ourself from gambling is our own Willingness and dedication because no one can make us stop but our self and our own only. We have also notice those gamblers that blames gambling sites because of their self exclusions but eventually can still create account and play again and that same manner applies here. Once they make way to gain or find money , will always find way to gamble either Online or Physical , gamblers will gamble. the best way is to accept to themselves that they wanted to stop and try finding help from family and friends and some professionals .
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pinggoki
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December 09, 2023, 04:46:27 AM |
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This is a great option for gamblers interested in self-exclusion op. Problem here is that most crypto gamblers don't really know much about staking which is why they might avoid this particular solution.
All these solutions are unnecessary if the gamblers themselves had decent self-control, but that is usually not the case thanks to greed, selfishness etc.
I guess it's that time for them to learn something new then, sure it's unnecessary if they have a decent self-control but the point is that at the very least they've got an option on how they should do things and you can't really say it's a great option and then the next thing you say that it's unnecessary, that's contradictory.
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bitterguy28
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December 09, 2023, 04:55:06 AM |
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I don't know much about how staking works but I can think of many drawbacks in this method. The most important drawback is that when you stake all your coins or lock your balance in order to prevent yourself from sanding it on gambling, you will prevent yourself from spending it on any other thing too. This will be bad in case of emergencies.
that is the bad part of it , yeah you have saved your self from gambling but you are also preventing your self to spend in other special thing or important matter. so there is still a negative effect on this and if that said gambler can find money outside this staking meaning he can still gamble and that funds on staking will just be a Holding for a while. Also, an addict will surely find a way to get around this like using recently acquired cryptos (not yet locked). Or simply use fiat.
well , that is gambling .. we will keep looking for money to gamble so better to learn to control your self than trusting staking because it is not even a 70% solution .
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noormcs5
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December 09, 2023, 05:07:55 AM |
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The locking (staking) is done with one single click of a button, and it's practically speaking, equivalent to activation of self-exclusion on an online gambling site with a click of a button (and yet not all sites offer it unfortunately).
For example, you stake (lock) $200 of your crypto, and that's all crypto available for you - then you can't play/gamble/risk it for at least 21 days ... do it 15 times a year time after time, and you would be excluded for a long time.
The only drawback with this method is Atomic doesn't offer this on USDT so some "gamblers" might not like this idea because they trust stablecoins more than other crypto coins, but this is FYI.
Another drawback of this method is that Atomic Wallet is not trustable in the first place as there have been recent problems with this wallet. So i would not recommend anyone to use Atomic Wallet for staking, Yes they can do staking on other wallets too. Also if you think that a person has no control over his emotions to restrict himself from gambling, then i am afraid he cannot stay away from gambling even if he put his fund in locked staking. Of course, you cannot put all your money in staking, the one left with you without staking, you will still use that money to gamble. I think this is more of a mind game, where if you are serious, you won't put more money into gambling, even if it is not staked or locked. One needs to be strong enough that he does not require external restrictions to prevent his money from gambling.
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peter0425
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December 09, 2023, 07:11:01 AM |
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This is a great option for gamblers interested in self-exclusion op. Problem here is that most crypto gamblers don't really know much about staking which is why they might avoid this particular solution.
All these solutions are unnecessary if the gamblers themselves had decent self-control, but that is usually not the case thanks to greed, selfishness etc.
I guess it's that time for them to learn something new then, sure it's unnecessary if they have a decent self-control but the point is that at the very least they've got an option on how they should do things and you can't really say it's a great option and then the next thing you say that it's unnecessary, that's contradictory. Even if they learn staking and do it to keep them 21 days away from gambling but how sure we are that they will not look for another funds to gambling and deposit ? because there are some gamblers that wanted to keep their funds safer from gambling but cannot prevent themselves to gamble and keeps looking for chance and money to bet.
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fapar
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December 09, 2023, 01:06:23 PM |
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Even if they learn staking and do it to keep them 21 days away from gambling but how sure we are that they will not look for another funds to gambling and deposit ? because there are some gamblers that wanted to keep their funds safer from gambling but cannot prevent themselves to gamble and keeps looking for chance and money to bet.
OP clearly created the topic to promote his YouTube channel, and not to provide real advice to gaming addicts. If we consider the problem like other addictions - drug addiction, alcoholism, then nothing prevents the addicted player from “pawning” his crypto wallet (seed phrase) to any interested person/pawnshop. There is only one way out: no money - no problems.
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3kpk3
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December 09, 2023, 01:48:27 PM |
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Even if they learn staking and do it to keep them 21 days away from gambling but how sure we are that they will not look for another funds to gambling and deposit ? because there are some gamblers that wanted to keep their funds safer from gambling but cannot prevent themselves to gamble and keeps looking for chance and money to bet.
Exactly. These strategies do help to some extent, but won't solve their problems completely. The only way that their addiction issues can be minimised is through improving their self-control. It's truly easier said than done, but it's worth improving for plenty of reasons(Not just gambling addiction).
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fullhdpixel
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December 09, 2023, 01:51:41 PM |
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This is just too assuming that you can't control yourself and that you'd eventually lose your coins through gambling. Not everyone is addicted to it. Just try not to gamble, you don't even need to stake your coins.
But it does make sense if you wanna a guarantee to make money, staking stablecoins will be a good option. But 21 days seem too much. I would stay away from that.
Yes, and this is why the OP post this, to give a tip to those who are addicted in gambling. I think this is a fresh and cool tip, so I just wanna thank the OP for sharing this. Now if you think you have no problems in gambling whatsoever, then feel free to not follow it but you might still be doing it if your goal is only to earn more coins in the form of staking. Stable coins are a good option because they are not fluctuating in value. Other cryptos can fluctuate but it also helps you to earn more on them sometimes. So, they still have an advantage. Also the OP already mentioned that Atomic wallet and maybe other wallets are the same who are not supporting stable coins for staking. 21 days of staking is actually too short. Normally staking can run for a couple of months and the longest can run for a couple of years.
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Shamm
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December 09, 2023, 02:55:16 PM |
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Even if they learn staking and do it to keep them 21 days away from gambling but how sure we are that they will not look for another funds to gambling and deposit ? because there are some gamblers that wanted to keep their funds safer from gambling but cannot prevent themselves to gamble and keeps looking for chance and money to bet.
OP clearly created the topic to promote his YouTube channel, and not to provide real advice to gaming addicts. If we consider the problem like other addictions - drug addiction, alcoholism, then nothing prevents the addicted player from “pawning” his crypto wallet (seed phrase) to any interested person/pawnshop. There is only one way out: no money - no problems. Agree with this mate we are all know that once a gambler don't have money then he can minimize his gamble cause like what you said no money no problems. But in some country like here in mine there are a lot of addict who actually do bad things in order to play in thier addicted game. Which is some addict stealing other things it else they will rubbing some store in order to have enough money to gamble which pretty bad at all.
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Bushdark
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December 09, 2023, 03:42:37 PM |
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You can watch this video from 07:20 if you want to skip on the other parts: https://www.youtube.com/watch?v=sxty2XhTwVIBasically it's very simple. You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding. The locking (staking) is done with one single click of a button, and it's practically speaking, equivalent to activation of self-exclusion on an online gambling site with a click of a button (and yet not all sites offer it unfortunately). For example, you stake (lock) $200 of your crypto, and that's all crypto available for you - then you can't play/gamble/risk it for at least 21 days ... do it 15 times a year time after time, and you would be excluded for a long time. The only drawback with this method is Atomic doesn't offer this on USDT so some "gamblers" might not like this idea because they trust stablecoins more than other crypto coins, but this is FYI. I don't knowmmhch about this atomic wallet but I don't think is one of the best wallet to use and gamble looking at so many things to consider like the decentralized futures we can use to stake and other things too. I don't think atomic wallet is better than trust wellet and the use of mate mask which is a quite better wallets than the atomic wallet. If we have plans to stop gambling or reduce the way we are gambling, it is better we make use of others ways to reduce our gambling habit.
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