A unique way to get 0.01 btc - page 2.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: rigar on May 04, 2016, 07:40:50 AM

Quote from: fenican on May 04, 2016, 07:23:12 AM

Be cautious - I think most local jurisdictions would consider that to be a gambling/lotto site since you are (1) Taking a commission, (2) Collecting money from people, (3) Redistributing the money to the winners.

Yes there are indeed issues like you mentioned but where i live the rules have change a bit.
Anyhow, in the case of bitcoin we still await the final call from the highest court. Meanwhile they decided that bitcoin is not a regular currency but a tool to exchange. Therefor they can't impose taxes on it as long as it is restricted to bitcoin. (buying goods ommits this and in that case taxes have to be paid)
Also we have a law that gives us one year to straighten things out.

Thank you for your repsonse Cool

To me this is just another form of gambling... One will never know who are the other 10 participants- which may actually turn this into a scam...

rigar

newbie

Activity: 12

Merit: 0

Quote from: fenican on May 04, 2016, 07:23:12 AM

Be cautious - I think most local jurisdictions would consider that to be a gambling/lotto site since you are (1) Taking a commission, (2) Collecting money from people, (3) Redistributing the money to the winners.

Yes there are indeed issues like you mentioned but where i live the rules have change a bit.
Anyhow, in the case of bitcoin we still await the final call from the highest court. Meanwhile they decided that bitcoin is not a regular currency but a tool to exchange. Therefor they can't impose taxes on it as long as it is restricted to bitcoin. (buying goods ommits this and in that case taxes have to be paid)
Also we have a law that gives us one year to straighten things out.

Thank you for your repsonse Cool

fenican

hero member

Activity: 1395

Merit: 505

Be cautious - I think most local jurisdictions would consider that to be a gambling/lotto site since you are (1) Taking a commission, (2) Collecting money from people, (3) Redistributing the money to the winners.

rigar

newbie

Activity: 12

Merit: 0

Due to the fact that in my country it is illegal to participate in gambling online, i decided to try and work out an alternative.

The result is a website which offers people a change to win bitcoins without participating in a lottery of some sort thus ommiting the restraints of the law.
By means of gift, participants can choose a name of a fellow participant. The participant with the most votes will get the BTC0.01.

Where does the prize money come from ?
From the participants themselves. To be able to play you need to buy credits which are used to enter the contest.

Is there a limit ?
Yes, to make this work like intended every round will consists of 11 participants. This is to make sure we always have the BTC0.01 prize + 10% commission

Since this is all still in beta stage there are bound to be some changes, so please be gentle Wink

To learn more please visit : wokkel.eu

Your sincerely,
Rigar
Admin Wokkel.eu

Topic: A unique way to get 0.01 btc - page 2. (Read 831 times)