Bovada removing bitcoin as payment option - page 2.

ChiBitCTy

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Quote from: bbc.reporter on November 18, 2021, 12:33:56 AM

@ChiBitCTy. It appears he has left. However, he is the founder and was the known CEO. He is very famous and has many pictures posing with young women of different countries hehehe.

Also, read your screenshot. It is saying that many believe that Calvin Ayre is the person pulling all of the strings behind Bovada and Bodog group.

I read it, just curious if you had anything else that would somehow prove he was truly the owner. Either way makes me feel a bit greasy, as I don’t want any part of any affiliation with that dude or his buddy the great Dr Craig Wright aka Fake Satoshi.

bbc.reporter

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@ChiBitCTy. It appears he has left. However, he is the founder and was the known CEO. He is very famous and has many pictures posing with young women of different countries hehehe.

Also, read your screenshot. It is saying that many believe that Calvin Ayre is the person pulling all of the strings behind Bovada and Bodog group.

ChiBitCTy

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Quote from: bbc.reporter on November 18, 2021, 12:20:51 AM

It appears none of the people who has replied in the thread read the news hehe. The owner of Bovada is Calvin Ayre. His best friend in the cryptospace is the infamous Craig Wright the creator of Bitcoin hehehehe. It is Calvin Ayre’s money that supports BSV mining, development and the lawyers’ fees.

Calvin Ayre is also the owner of Coingeek publication.

Coingeek had a conference where they paid the actor from the HBO show Entourage to be an attraction of the conference. This is very much similar to Bitcoin Miami conference where the organizers paid Paris Hilton to attend.

"I am really interested in continuing to learn as much as I can about the utility of blockchain, improving my understanding of the benefits and opportunities, as well as how that balances against the environmental impact. I am looking forward to increasing my understanding of BSV, its ability to scale and of blockchain, at the CoinGeek Conference." – Adrian Grenier

Source https://www.prnewswire.com/news-releases/adrian-grenier-announced-as-speaker-at-coingeek-conference-301392942.html

Source for Calvin being the owner?

2kings 3

bbc.reporter

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It appears none of the people who has replied in the thread read the news hehe. The owner of Bovada is Calvin Ayre. His best friend in the cryptospace is the infamous Craig Wright the creator of Bitcoin hehehehe. It is Calvin Ayre’s money that supports BSV mining, development and the lawyers’ fees.

Calvin Ayre is also the owner of Coingeek publication.

Calvin Ayre (left), Adrian Grenier (center), Craig Wright (right)

Coingeek had a conference where they paid the actor from the HBO show Entourage to be an attraction of the conference. This is very much similar to Bitcoin Miami conference where the organizers paid Paris Hilton to attend.

"I am really interested in continuing to learn as much as I can about the utility of blockchain, improving my understanding of the benefits and opportunities, as well as how that balances against the environmental impact. I am looking forward to increasing my understanding of BSV, its ability to scale and of blockchain, at the CoinGeek Conference." – Adrian Grenier

Source https://www.prnewswire.com/news-releases/adrian-grenier-announced-as-speaker-at-coingeek-conference-301392942.html

timerland

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Quote from: ChiBitCTy on November 17, 2021, 10:29:38 PM

Quote from: ralle14 on November 17, 2021, 07:59:34 PM

They're not removing bitcoin, it seems like they're just removing the "mBTC" denomination, they're still taking bitcoin deposits and withdrawals here's a thread posted on their subreddit.

I have to say that the announcement is indeed confusing as other users also thought bovada stopped accepting bitcoin.

Ahh very nice thanks for looking in to this, I was just getting ready to give them a call or shoot them a message. I thought that might be the case with just restricting mBTC payments, but not bitcoin. That makes a whole lot more sense, I would think if anything they’d get rid of those two absolute shitcoins in BSV and bcash.

I think that they are still removing BTC balances, but essentially moving to a model where once you depo BTC it instantly gets converted to fiat.

With the bull run that we've had, people probably want to keep their BTC as BTC.

Some more clarification on this would be welcome.

ChiBitCTy

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Quote from: ralle14 on November 17, 2021, 07:59:34 PM

They're not removing bitcoin, it seems like they're just removing the "mBTC" denomination, they're still taking bitcoin deposits and withdrawals here's a thread posted on their subreddit.

I have to say that the announcement is indeed confusing as other users also thought bovada stopped accepting bitcoin.

Ahh very nice thanks for looking in to this, I was just getting ready to give them a call or shoot them a message. I thought that might be the case with just restricting mBTC payments, but not bitcoin. That makes a whole lot more sense, I would think if anything they’d get rid of those two absolute shitcoins in BSV and bcash.

magneto

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Quote from: ralle14 on November 17, 2021, 07:59:34 PM

They're not removing bitcoin, it seems like they're just removing the "mBTC" denomination, they're still taking bitcoin deposits and withdrawals here's a thread posted on their subreddit.

I have to say that the announcement is indeed confusing as other users also thought bovada stopped accepting bitcoin.

Importantly though I think they are taking away the option to wager in native BTC denomination.

This is still very disheartening because this means that BTC is reduced down to a means of transaction and not an actual unit of account on their site.

Not the best move given that crypto enthusiasts now price most things in terms of a native crypto denomination and not fiat.

ralle14

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Shuffle.com

They're not removing bitcoin, it seems like they're just removing the "mBTC" denomination, they're still taking bitcoin deposits and withdrawals here's a thread posted on their subreddit.

I have to say that the announcement is indeed confusing as other users also thought bovada stopped accepting bitcoin.

alegotardo

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☢️ alegotardo™️

Quote from: ChiBitCTy on November 17, 2021, 12:15:52 PM

Logged in to my bovada account yesterday to find some unfortunate news ( as seen below ). This is very unfortunate and I just don’t understand the move at all. Allowing other crypto coins to be continued to use is what’s really puzzling to me. Anyone familiar with this situation?

Many pleople said "high rates", but I disagree with that opinion.
Bitcoin has had moments of high rates, but most of the time the rate is absurdly low.
Unless these unusually high bitcoin rates are really causing them a problem.
I do believe, however, that the problem is the speed of confirmations... 10 minutes or more to confirm a transaction can be a problem for casinos that have players eager to gamble as a customer.

bittraffic

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Quote from: fiulpro on November 17, 2021, 12:38:32 PM

Checked online there is literally no news regarding the same. But do you know that they are operating without any licence since 2016? They might not really be considered legal now. But at the same time customer review ratings have always been high for them so they continue to flourish in the US since 2011. ( Some information I got from google)

If they are not supporting bitcoins as a method of payment in betting hands down. This is something that might come just from the new rules and regulations from the commission therefore you can't really do anything about it.

Try some other casinos.
It might be due to high fee as well, are they still using ETH tho?? It was also listed in the top bet online sports book as well.

They might change their decision in a while tho, wait for any news or statements.

Strange because of all cryptocurrency to remove, its BTC that they disallow and without notice while other coins can be used. But if what was said above is true then, its possible that this is just the start and they may scam.

goinmerry

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They should at least have a memo about the reason.

Can't imagine BTC will be removed where in the first place, ETH also has crazy fees.

Regardless, the decision is final and users of the platform should adopt the changes.

Lanatsa

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Quote from: timerland on November 17, 2021, 06:27:27 PM

Quote from: romero121 on November 17, 2021, 05:48:03 PM

Quote from: samcrypto on November 17, 2021, 04:15:35 PM

They can't just remove Bitcoin as an option, most probably they are being force by the situation especially if the regulations are restricting you from using Bitcoin, this is the only reason that I see or better yet you can ask them for a reason.

Bitcoin has been an option on many crypto gambling site since then, even if the fees are quiet expensive so this is a rare move from them, hopefully they give an update with regards to this one.

Regulation might be the major issue causing them to stop the usage of bitcoin into gambling. Apart from that transaction cost is mentioned by most people, but that doesn't make sense. Because coins that have got high transaction fee than bitcoin is there in the updated list.

Hopefully they might be into the accumulation of bitcoin than making it into business. This is what strikes my mind when one has stopped accepting bitcoin into their service all of the sudden.

AFAIK I think they may still be accepting other cryptos?

I'm not sure what regulatory strain they would be under to be honest. There are now a lot of U.S. listed companies that are willing to accept crypto as a form of payment.

I for one definitely do not understand this decision. If they were forced by authorities, fine, but if this was their own doing it is the wrong choice.

Currently they have
Bitcoin (BTC) | Bitcoin SV (BSV) | Bitcoin Cash (BCH) | Litecoin (LTC) | Ethereum (ETH)
payment options and since its only mBTC they had mentioned then you could still have some options on other coins.

For sure this is a forced up decision to be made because they had been pressured? It would really be just normal if they would be having
that kind of decision.

timerland

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Quote from: romero121 on November 17, 2021, 05:48:03 PM

Quote from: samcrypto on November 17, 2021, 04:15:35 PM

They can't just remove Bitcoin as an option, most probably they are being force by the situation especially if the regulations are restricting you from using Bitcoin, this is the only reason that I see or better yet you can ask them for a reason.

Bitcoin has been an option on many crypto gambling site since then, even if the fees are quiet expensive so this is a rare move from them, hopefully they give an update with regards to this one.

Regulation might be the major issue causing them to stop the usage of bitcoin into gambling. Apart from that transaction cost is mentioned by most people, but that doesn't make sense. Because coins that have got high transaction fee than bitcoin is there in the updated list.

Hopefully they might be into the accumulation of bitcoin than making it into business. This is what strikes my mind when one has stopped accepting bitcoin into their service all of the sudden.

AFAIK I think they may still be accepting other cryptos?

I'm not sure what regulatory strain they would be under to be honest. There are now a lot of U.S. listed companies that are willing to accept crypto as a form of payment.

I for one definitely do not understand this decision. If they were forced by authorities, fine, but if this was their own doing it is the wrong choice.

Hydrogen

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Quote from: romero121 on November 17, 2021, 05:48:03 PM

Regulation might be the major issue causing them to stop the usage of bitcoin into gambling.

There were bitcoin and cryptocurrency provisions contained inside the recent US infrastructure bill passed on november 5th 2021.

Some aspects of crypto regulation will be delayed until I think 2023.

But you could definitely be correct that some regulatory aspects go into effect immediately, which is what forced bovada to drop bitcoin support on their platform.

romero121

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Quote from: samcrypto on November 17, 2021, 04:15:35 PM

They can't just remove Bitcoin as an option, most probably they are being force by the situation especially if the regulations are restricting you from using Bitcoin, this is the only reason that I see or better yet you can ask them for a reason.

Bitcoin has been an option on many crypto gambling site since then, even if the fees are quiet expensive so this is a rare move from them, hopefully they give an update with regards to this one.

Regulation might be the major issue causing them to stop the usage of bitcoin into gambling. Apart from that transaction cost is mentioned by most people, but that doesn't make sense. Because coins that have got high transaction fee than bitcoin is there in the updated list.

Hopefully they might be into the accumulation of bitcoin than making it into business. This is what strikes my mind when one has stopped accepting bitcoin into their service all of the sudden.

Hydrogen

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Hopefully, removal of bitcoin support by bovada, 5dimes and other sportsbooks won't precede a decrease in BTC price. As occurred back when steam and other retailers did so back around 2017.

What will matter next is whether sportsbooks that are primarily cryptocurrency based follow the trend. Whether lack of crypto support will be isolated mainly in the large mainstream books.

Lack of news articles and media on the topic is somewhat concerning. I hope this shows the importance of anonymous bloggers and independent sources of information. Who often report on topics that the media ignores.

rhomelmabini

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No God or Kings, only BITCOIN.

Not making some sense tbh if it's about transaction fees if this was suggestion by the community around them considering there's segwit and with the current taproot upgrade I thought it will be more efficient now for tx fees. Might be related if where does Bovada based, any thoughts on that?

Fatunad

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Quote from: blockman on November 17, 2021, 04:17:44 PM

Anyone who asked for their support and gave the reason why they've removed it? I've tried to find some related news about this or any article of theirs.
But there is nothing to see if someone is also interested of looking for the reason of removal of bitcoin to their casino. Just after the taproot, they've made this removal? quite odd if we keep on guessing the reason.

Regulation issues?
Personal issues?

It would depend basing on the two things i do mention above but there's nothing we can do if they do opt out on crossing out bitcoin on the list of crypto options.
not really that a surprising thing.

Its their business then its their decision to make and if there are some add ups or removal then we dont have any choice but to accept it.
We do still have some options though but if you are really that fan of making use of the site then deal with other options that
they do have.

blockman

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Anyone who asked for their support and gave the reason why they've removed it? I've tried to find some related news about this or any article of theirs.
But there is nothing to see if someone is also interested of looking for the reason of removal of bitcoin to their casino. Just after the taproot, they've made this removal? quite odd if we keep on guessing the reason.

samcrypto

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They can't just remove Bitcoin as an option, most probably they are being force by the situation especially if the regulations are restricting you from using Bitcoin, this is the only reason that I see or better yet you can ask them for a reason.

Bitcoin has been an option on many crypto gambling site since then, even if the fees are quiet expensive so this is a rare move from them, hopefully they give an update with regards to this one.

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