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Topic: 📝[Discussion topic] Overview of Bitcointalk Signature-Ad Campaigns📝 - page 2. (Read 4137 times)

legendary
Activity: 2436
Merit: 1561
It's good to note that the funds are not escrowed by the manager or third party forum escrow (Or i'm wrong). Although it's claimed that the campaign will run for several months. The thing is with this setup, managers are tend to stop campaigns when the team stop communicating with a week debt for their participants because of the funds are not being held by them (or weekly topup) thus it make them look bad or compensating their participants out of their own pocket. Except if they will stop the campaign in advance if the escrow wallet doesn't have enough balance.
(...)

Yeah, that campaign is not escrowed, so there's always the risk that the client (advertised business) could just stop communicating, not top-up the payment address on time, or just end the campaign way sooner than originally indicated.
The best the manager can do in such a case is just to keep participants properly informed on the situation.
But in an ideal scenario, a manager would hold enough funds in escrow to cover payments for at least 1 payment period and a client would provide funds at the start of each period.

(...)
While i can't see any note/disclaimer on the signature thread regarding this if the manager will compensate if the campaign stopped or not. Participants should be aware of this that they might not received any payments if this happens. Thus, managers should work always to get the funds escrowed for their participants.

That's the part of information a lot of managers seem to be neglecting and are potentially (unnecessarily) exposing themselves to a negative trust rating. After all, they act as a representative of the advertised services, so if something goes wrong, participants could have grounds to demand payments from them, unless that's properly disclosed in campaigns' terms and conditions. All it takes is to put 1 or 2 sentences explaining if they are provided with required funds in advance or at the end of each period, and, if the latter, each person participates at their own risk.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
A new signature campaign Joya.casino launched by a new campaign manager suzanne5223 for the first time,
First, kudos to @suzanne5223 for bringing a new campaign and congrats to his/her first venture of being a campaign manager.

..they said they are doing this for at least 3 months, and the campaign wallet will be topped up every week.
It's good to note that the funds are not escrowed by the manager or third party forum escrow (Or i'm wrong). Although it's claimed that the campaign will run for several months. The thing is with this setup, managers are tend to stop campaigns when the team stop communicating with a week debt for their participants because of the funds are not being held by them (or weekly topup) thus it make them look bad or compensating their participants out of their own pocket. Except if they will stop the campaign in advance if the escrow wallet doesn't have enough balance.

While i can't see any note/disclaimer on the signature thread regarding this if the manager will compensate if the campaign stopped or not. Participants should be aware of this that they might not received any payments if this happens. Thus, managers should work always to get the funds escrowed for their participants.
legendary
Activity: 2436
Merit: 1561
Crypto casinos isn't just about KYC and KYC isn't that thing which makes them legitimate. Many of these casinos promoted on Bitcointalk isn't legal in different jurisdictions or goes into grey zone. Many countries just doesn't accept licenses issued in Curacao and other offshore countries.

Exactly. It's not a binary logic: legal or illegal. Technically speaking, casinos would need licence for each country they provide their services to (unless a country does not require such). So if a casino want to offer their services to say UK customers, they'd need a UK license, if they don't have it, they should be restricting players with UK's ips (that's what e.g. Stake or FortuneJack do).
legendary
Activity: 3038
Merit: 1330
Slava Ukraini!
Online gambling, especially "unregulated" crypto casinos, are banned in so many jurisdictions already. All that needs to happen is Law enforcement turning on the heat on crypto casinos like they have done with exchanges and crypto mixers, and you will see how fast things happen here in the forum.

DDoS services along with signature campaigns and ANNs were banned in a snap a few days back.

I'm surprised that DDoS services was allowed here before. But in general, DDoS is much smaller thing on Bitcointalk than mixers. Like I don't even remember that we ever had signature campaign promoting DDoS service.

That's because DDoS services were already being seized by federal governments, but who is seizing casinos? In fact, governments are not even interested in casinos as long as they aren't used for money laundering - which is pretty much impossible since the majority of them use stringent KYC.
Crypto casinos isn't just about KYC and KYC isn't that thing which makes them legitimate. Many of these casinos promoted on Bitcointalk isn't legal in different jurisdictions or goes into grey zone. Many countries just doesn't accept licenses issued in Curacao and other offshore countries.
legendary
Activity: 3094
Merit: 1140
#SWGT CERTIK Audited
In fact, governments are not even interested in casinos as long as they aren't used for money laundering - which is pretty much impossible since the majority of them use stringent KYC.
Right? I remember a thread regarding a casino asking street verification shit. That's a strict and shittiest KYC verification asking some player or you can say an excuse to confiscate their balance.
The worst excuses and miserable treatment I saw is with PayPal especially when you are travelling abroad and I assume they were one of the earliest to ruin Internet usage with their stupid requirements. So I won't be surprised to see others following their steps with such conditions. There is KYC renewal in some casino or services that might be simple or too complicated to piss you and lock your money in case..
KYC is implemented to avoid money laundering and to reveal people identity to governments in case of trouble so the service can continue to operate smoothly without the hassle of being shut down.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
In fact, governments are not even interested in casinos as long as they aren't used for money laundering - which is pretty much impossible since the majority of them use stringent KYC.
Right? I remember a thread regarding a casino asking street verification shit. That's a strict and shittiest KYC verification asking some player or you can say an excuse to confiscate their balance.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
Unless there's no huge changes in the gambling space like rampant/peak money laundering, another shitty level of KYC requirements needed. I guess it's good to say it won't happen anytime soon.
Think about this.

Online gambling, especially "unregulated" crypto casinos, are banned in so many jurisdictions already. All that needs to happen is Law enforcement turning on the heat on crypto casinos like they have done with exchanges and crypto mixers, and you will see how fast things happen here in the forum.

DDoS services along with signature campaigns and ANNs were banned in a snap a few days back.

That's because DDoS services were already being seized by federal governments, but who is seizing casinos? In fact, governments are not even interested in casinos as long as they aren't used for money laundering - which is pretty much impossible since the majority of them use stringent KYC.

About DDOS services, well, theymos should be strict to them in the very first place, because this forum is a victim of too many DDOS attack then accepting such services here is nonsense.

^--- and that's the reason why the forum is on Cloudflare in the first place.

Quote
For theymos banning "unregulated" services here sooner or later will be a pain in the ass. When i say unregulated, it's not just about the exchanges and casino, it should be all of the services, virtual cards, online accounts, etc. will be affected and the censorship will be worst at that time.

I don't think he will go that far unless they are abused regularly like mixers were.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
Think about this.

Online gambling, especially "unregulated" crypto casinos, are banned in so many jurisdictions already. All that needs to happen is Law enforcement turning on the heat on crypto casinos like they have done with exchanges and crypto mixers, and you will see how fast things happen here in the forum.
Gambling, online or not, are banned on those countries way back before — ages ago, even before internet has been made. Then there are casinos that are "regulated" who follow countries rules for people gamble and offer entertainment. Licensed crypto casinos are safe in governments because they are still covered on their gambling regulations, nothing new and special unlike exchanges, just another options for deposit and withdrawal. Mixers on the other hand won't become regulated because it oppose the idea of regulation.

About DDOS services, well, theymos should be strict to them in the very first place, because this forum is a victim of too many DDOS attack then accepting such services here is nonsense.
For theymos banning "unregulated" services here sooner or later will be a pain in the ass. When i say unregulated, it's not just about the exchanges and casino, it should be all of the services, virtual cards, online accounts, etc. will be affected and the censorship will be worst at that time.
copper member
Activity: 1960
Merit: 1638
Top Crypto Casino
I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
Unless there's no huge changes in the gambling space like rampant/peak money laundering, another shitty level of KYC requirements needed. I guess it's good to say it won't happen anytime soon.
Think about this.

Online gambling, especially "unregulated" crypto casinos, are banned in so many jurisdictions already. All that needs to happen is Law enforcement turning on the heat on crypto casinos like they have done with exchanges and crypto mixers, and you will see how fast things happen here in the forum.

DDoS services along with signature campaigns and ANNs were banned in a snap a few days back.
hero member
Activity: 1428
Merit: 836
Top Crypto Casino
I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
Unless there's no huge changes in the gambling space like rampant/peak money laundering, another shitty level of KYC requirements needed. I guess it's good to say it won't happen anytime soon.
About the removing of paid signature campaign, well, that means it's the decline of the forum activities because no matter how you look at it, paid signatures are the one who make this forum so active that it attracts more users that end up of having more posted services, buy/sell threads, announcements, learning newbies, an asking for help site, etc.
legendary
Activity: 2828
Merit: 1213
Call your grandparents and tell them you love them
In the case of casinos I think it will depend: following the trajectory of the last few years, if they ask for KYC upon registration and collaborate passing data to the states that require it, which would surely imply having to change the current licenses of Caribbean countries for other more solid ones, I don't think there will be problems with them. But then they will have lost most of their attractiveness, and I don't think they will have so much to invest in advertising in the forum.
In this context I dont think we should drown ourselves in that "everything is going down" notion. Admin knows that the forum thrives on the signature campaigns otherwise the forum would be dead just like Rog Ver's forum is for many years (is it still running?).

So campaigns will not be shutting down but there would be a middle ground reached between what theymos wants and how KYC and Non-KYC companies are going to run them here. No need to speculate over things just now. Let the mixer ban settle in and the new year come, things will get clear over the next year.
legendary
Activity: 1372
Merit: 2017
I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.

theymos expects that there will be no new restrictions for some time, but he himself is not sure what will happen:

I don't anticipate the need for major new restrictions in the next couple of years, but it could indeed happen.

In the case of casinos I think it will depend: following the trajectory of the last few years, if they ask for KYC upon registration and collaborate passing data to the states that require it, which would surely imply having to change the current licenses of Caribbean countries for other more solid ones, I don't think there will be problems with them. But then they will have lost most of their attractiveness, and I don't think they will have so much to invest in advertising in the forum.
sr. member
Activity: 1596
Merit: 358
https://shuffle.com?r=nba
On the plus side, as you posted in the coinomize signature thread, some mixer campaigns are starting moving to altcointalk, so it's not like they're gone forever. Hopefully the trend continues and all mixers would move there (together with the participants), creating more traffic and more competition, driving pay rates up.
I saw the thread on Altcointalks, their payrate is much lower than what was offered on bitcointalk. The top quality posters who were in such campaigns will think twice over going there to promote it unless the pay is compensated in some other form. I am sure the managers are doing well managing this and since I am not willing to add in another account to that forum, I will stay here and focus on the issues on this forum. Cheesy

Not sure how some of the members can manage two forums at the same time. Kudos to those who can! Roll Eyes
For me, it was a total waste of money and time promoting on that forum. It's likely not effective to promote on that website. AltcoinTalk is just a copycat of BitcoinTalk and we can say that AltcoinTalk is full of garbage posts. Moderators there are not getting paid unlike here in BitcoinTalk where being a moderator will get you some bag.

But wait, they're having a promotion since they know that some users will move to AltcoinTalk. The promotion states that if you're a Hero Member here you'll also be a Hero Member on AltcoinTalk once you create an account.
legendary
Activity: 2436
Merit: 1561
I saw the thread on Altcointalks, their payrate is much lower than what was offered on bitcointalk. The top quality posters who were in such campaigns will think twice over going there to promote it unless the pay is compensated in some other form. I am sure the managers are doing well managing this and since I am not willing to add in another account to that forum, I will stay here and focus on the issues on this forum. Cheesy

Not sure how some of the members can manage two forums at the same time. Kudos to those who can! Roll Eyes

Payrates are not constant and they will be changing though. If all mixer campaigns move in there together with participants, that would bump up the traffic and activity, which could lead to higher payrates in the future. There will also be more competition between mixers, which now don't have that many places left they could advertise on.
And when more btctalk members are aware they could "teleport" their ranks to altcointalk and apply for extra campaigns to boost up their earnings, the traffic and payrates could also go up.

From participants' perspective, even if the payrates are lower, they could still apply for whatever campaigns are left on btctalk. Definitely better than not having any income.
legendary
Activity: 3038
Merit: 1330
Slava Ukraini!
Now we have an imminent ban of Mixer related signatures... What next?

I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
Yeah, it seems that we're slowly moving into this direction. And probably nobody will be very surprised if promoting gambling websites or signatures campaigns will be banned one day. Seems that theymos want to get rid of any potential headache and problems to deal with. It's understandable, probably many of us would act same in his place, but still, it's sad.

The only way for crypto casinos to be banned is when OFAC or SEC consider them as a threat, but I think it's only relate to smart contract casino where they don't ask KYC. For crypto casino which has KYC regulation, I believe they will be safe.

The forum lose it's stance against no KYC, so the next is relate to privacy.
It's not just about OFAC, SEC and fact that they have KYC makes them legitimate. For example, there might be problems related with licenses. In jurisdiction where I live, all casinos which are promoted on Bitcointalk can be considered as illegal because they don't have license issued in my country. There might be similar things in other countries. So, it's possible that various governments can start acting against Bitcointalk, like blocking access to forum.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
Mixer is always become a bad actor for government, that's why theymos want to ban mixer advertisement.

The only way for crypto casinos to be banned is when OFAC or SEC consider them as a threat, but I think it's only relate to smart contract casino where they don't ask KYC. For crypto casino which has KYC regulation, I believe they will be safe.

The forum lose it's stance against no KYC, so the next is relate to privacy.
Yes because with the existence of a mixer there are millions of dollars that are made or processed from various crime funds even though some mixers have implemented a ban on illegal transactions but for the government if a mixer platform has been caught then all mixers will be labeled bad by the government.

For casinos with smart contracts, it is not popular although I don't know if there will be more developments later, but indeed casinos that have regulations and licenses from the government, casinos will select more strictly from the funds received from each user who is deposited.

So I don't believe casinos will become an illegal act for money laundering.

In the future privacy will be lost, and don't be surprised if KYC will come stricter. Cheesy
hero member
Activity: 672
Merit: 557
Now we have an imminent ban of Mixer related signatures... What next?

I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
Mixer is always become a bad actor for government, that's why theymos want to ban mixer advertisement.

The only way for crypto casinos to be banned is when OFAC or SEC consider them as a threat, but I think it's only relate to smart contract casino where they don't ask KYC. For crypto casino which has KYC regulation, I believe they will be safe.

The forum lose it's stance against no KYC, so the next is relate to privacy.
copper member
Activity: 1960
Merit: 1638
Top Crypto Casino
Everything looks like a gentle introduction to KYC on the forum and limits it to only KYC services. Don't be surprised if you soon see a ban on advertising for NO-KYC exchanges, and even casinos.
Like, we didn't see this coming, but it has sort of been a slow trend being introduced by admin.

First, he stopped advertising services on via the weekly forum slots out of know where.

And then he stopped Staff members from wearing Mixer related Signatures

Now we have an imminent ban of Mixer related signatures... What next?

I think crypto casinos are going to be banned next or paid signatures all together. This is a soft but progressive ban.
legendary
Activity: 3248
Merit: 3098
I saw the thread on Altcointalks, their payrate is much lower than what was offered on bitcointalk. The top quality posters who were in such campaigns will think twice over going there to promote it unless the pay is compensated in some other form. I am sure the managers are doing well managing this and since I am not willing to add in another account to that forum, I will stay here and focus on the issues on this forum. Cheesy

Not sure how some of the members can manage two forums at the same time. Kudos to those who can! Roll Eyes

The payrate is probably determined based on activity and forum attendance. If 4 out of 8 mixer signature campaigns move there, it will definitely cause more activity on the Altt forum. Greater activity and attendance cause an increase in the payment rate in campaigns. The opposite can happen to the Bitcointalk forum, because let's not lie, at least 50% of the traffic here is thanks to signature campaigns.

This sucks big time. Signature campaigns will be effectively limited to casinos.

Not only casinos. There are also exchanges that advertise on the forum, such as Best Change or eXch.cx, although they advertise much less than casinos.

Everything looks like a gentle introduction to KYC on the forum and limits it to only KYC services. Don't be surprised if you soon see a ban on advertising for NO-KYC exchanges, and even casinos.
hero member
Activity: 2674
Merit: 865
yesssir! 🫡
I saw the thread on Altcointalks, their payrate is much lower than what was offered on bitcointalk. The top quality posters who were in such campaigns will think twice over going there to promote it unless the pay is compensated in some other form. I am sure the managers are doing well managing this and since I am not willing to add in another account to that forum, I will stay here and focus on the issues on this forum. Cheesy

Not sure how some of the members can manage two forums at the same time. Kudos to those who can! Roll Eyes

Aha, emphasis on the bolded bit because it's probably for those who can post a lot -- assuming they also have a signature campaign on bitcointalk. In addition, some fellas are also living somewhere with a much lower purchasing power so the pay rate won't be half as bad for something you do on the side.
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