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tranthidung

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Quote from: joniboini on November 01, 2024, 02:07:14 AM

That's true. To be fair I do think it's fine if Chips or other casino add new features or open new markets for web3 users as long as they don't move all of their games over there. I believe I'm not alone in this. Some people are also not comfortable with web3 dapps due to their experiences, and I doubt the number is small. Maybe things will change with reputation and verifiable contracts, but the beginning would probably take some time to take off, especially for new casinos.

If you are a third party team, and partner with other projects to list their products, games on your platform for your users to play, it's fine. You don't spend resources from finance to human for building these things, but of course a little bit effort for technical deployments.

In contrast, projects that raised $M in fund and used it for platform, product buildings, then investors, gamers joined with massive more $M money, but at the end a ridiculous fact is shocked, their market cap now is smaller than all budget they spent for their platforms and projects. No other word than serious failures for these projects, with lot of resources wasted there.

joniboini

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Quote from: tranthidung on October 31, 2024, 11:37:28 AM

Investors in those projects lost money, firstly here we only count in transaction fees, but they also have to pay money to buy NFTs, tokens and more items for playing, but at the end (not now but in 2021 or 2022 when GameFi, Metaverse projects started to plummet), market caps of projects are smaller than total transaction fees spent. It's very ridiculous.

That's true. To be fair I do think it's fine if Chips or other casino add new features or open new markets for web3 users as long as they don't move all of their games over there. I believe I'm not alone in this. Some people are also not comfortable with web3 dapps due to their experiences, and I doubt the number is small. Maybe things will change with reputation and verifiable contracts, but the beginning would probably take some time to take off, especially for new casinos.

tranthidung

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Farewell o_e_l_e_o

Quote from: joniboini on October 30, 2024, 11:35:45 PM

I have some bad experiences with smart contract products. Not to mention news about wallet drain, exploits, bugs, etc is still common nowadays. I'd need more than just benefits to try them out. For example, verifiable smart contracts, multiple mechanisms to prevent remote attacks/phishing, etc. If it was not planned from the beginning, they need to test them with extra steps to make sure they don't miss anything. CMIIW.

Smart contracts are smart in a way that they can exploit your wallet and get more transaction fees from you and your wallets.

A more complicated a contract is, a more transaction fee you will have to pay, it's smart, and very efficiently for altcoin blockchain developers to get more money from their blockchain users. You interact more with their smart contracts, you pay more fees, they will get richer, you will get poorer.

Another example is from GameFi, Metaverse projects in the last bull run, in 2020 and 2021, many projects have total transaction fees from their users are bigger than their project market caps. Does it sound crazy?

Investors in those projects lost money, firstly here we only count in transaction fees, but they also have to pay money to buy NFTs, tokens and more items for playing, but at the end (not now but in 2021 or 2022 when GameFi, Metaverse projects started to plummet), market caps of projects are smaller than total transaction fees spent. It's very ridiculous.

joniboini

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Quote from: Synchronice on October 30, 2024, 05:05:43 AM

That wouldn't change the way of registration but some changes would happen. There are some benefits that Web3 brings on the table.

What kind of benefits are you referring to here? Wouldn't adding this require Chips to deploy and manage a smart contract too?

I have some bad experiences with smart contract products. Not to mention news about wallet drain, exploits, bugs, etc is still common nowadays. I'd need more than just benefits to try them out. For example, verifiable smart contracts, multiple mechanisms to prevent remote attacks/phishing, etc. If it was not planned from the beginning, they need to test them with extra steps to make sure they don't miss anything. CMIIW.

Synchronice

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Quote from: joniboini on October 29, 2024, 11:57:45 PM

Do you mean you want to use your web3 wallet to log in and play games? Wouldn't that change the way registration and account management for them though? Not to mention setting up smart contracts etc. If it's about deposit etc I don't think it would change much other than saving you a few clicks from copying your deposit address.

Yes, that's what I mean. That wouldn't change the way of registration but some changes would happen. There are some benefits that Web3 brings on the table. Anyway, I like Chips the way it is. I especially like the ability of creating challenges on Chips, that's something that I haven't seen before in other casinos and that's a very nice product/feature.

Quote from: joniboini on October 29, 2024, 11:57:45 PM

Quote from: Synchronice on October 29, 2024, 04:33:03 PM

so this is a nice bonus for Metawin.

Maybe you meant Chips?

Yes, it was a typo. When I was writing about Chips.gg and Web3, I was checking Metawin at the same time, that's where I got the idea of Web3 wallet because I liked the benefits of it.
By the way, I was also comparing rates of Moonpay (Metawin's partner) and Swapped (Chips.gg's partner) and definitely Chips.gg's partner Swapped.com offers best rates for those who want to buy via card or other payment methods.

hd49728

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Not your keys, not your coins!

Quote from: Synchronice on October 29, 2024, 04:33:03 PM

Not only Google and Apple Pay, they also have Samsung Pay. I have never heard a casino that accepts Samsung Pay, so this is a nice bonus for Metawin. As Apple releases the same iPhone every year, the number of Samsung users are growing Cheesy

It's about their new payment methods (30+) with main spot lights are for Google Pay and Apple Pay, thanks for the information about Samsung Pay and the full list of payment methods too.

Quote

One thing that Chips is missing right now to my mind is Web3 wallet. I think that such an innovative casino should have it.

Chips.gg platform is not a Web3 casino and if they want to deploy Web3 wallet on their platform for users, they will have to submit changes in their license and wait for approval, or they can build up a branch only for Web3 wallet. I see a second approach is better and they will have two different platforms, with two different approaches and license. Some casino teams build up different platforms for different products and it's a promising consideration for Chips.gg team.

joniboini

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Quote from: Synchronice on October 29, 2024, 04:33:03 PM

One thing that Chips is missing right now to my mind is Web3 wallet. I think that such an innovative casino should have it.

Do you mean you want to use your web3 wallet to log in and play games? Wouldn't that change the way registration and account management for them though? Not to mention setting up smart contracts etc. If it's about deposit etc I don't think it would change much other than saving you a few clicks from copying your deposit address.

Quote from: Synchronice on October 29, 2024, 04:33:03 PM

so this is a nice bonus for Metawin.

Maybe you meant Chips?

Synchronice

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Quote from: hd49728 on October 28, 2024, 09:30:53 PM

At Chips.gg, users can have 30+ NEW payment methods for their deposits and one of them are Google Pay and Apple Pay. After deposit, they can enjoy many games especially Slot games.

There are only 3.5 days left for the Chips.gg $100,000 Wager Race.

Announcement days ago.

Not only Google and Apple Pay, they also have Samsung Pay. I have never heard a casino that accepts Samsung Pay, so this is a nice bonus for Metawin. As Apple releases the same iPhone every year, the number of Samsung users are growing Cheesy

By the way, if anyone wants to see the full list of other accepted 30+ methods, here is the list:
https://swapped.com/payment-methods

Their rates are very good and competitive. One thing that Chips is missing right now to my mind is Web3 wallet. I think that such an innovative casino should have it.

RockBell

sr. member

Activity: 952

Merit: 391

Underestimate- nothing

Quote from: hd49728 on October 28, 2024, 09:30:53 PM

At Chips.gg, users can have 30+ NEW payment methods for their deposits and one of them are Google Pay and Apple Pay. After deposit, they can enjoy many games especially Slot games.

There are only 3.5 days left for the Chips.gg $100,000 Wager Race.

Announcement days ago.

Quote

No Crypto ?
No Problem. 💸

You can now deposit onto Chips with 30+ new payment methods, including Google Pay & Apple Pay!

💳 Fast, Easy, and Secure.

With all of this initiative, Chipps makes it more appealing. Having over thirty different payment methods makes it interesting because you will have a variety to choose from when you want to make a withdrawal. I trust Chipps because they won't do anything that will damage their reputation, which is why they are always dependable. I love it when you are in business and you don't play with reputation; people want fast and reliable withdrawals because they don't want to run into problems. And with the slot games and the wager makes everything interesting as it looks, if you are lucky, it's not every time that luck will shine one you, you have to have that in the back of your mind.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

At Chips.gg, users can have 30+ NEW payment methods for their deposits and one of them are Google Pay and Apple Pay. After deposit, they can enjoy many games especially Slot games.

There are only 3.5 days left for the Chips.gg $100,000 Wager Race.

Announcement days ago.

Quote

No Crypto ?
No Problem. 💸

You can now deposit onto Chips with 30+ new payment methods, including Google Pay & Apple Pay!

💳 Fast, Easy, and Secure.

Shishir99

hero member

Activity: 770

Merit: 482

Quote from: hd49728 on October 26, 2024, 09:06:35 AM

I agree with you on other points, but not this point. As said, Brazil can be a main source of their revenue and profit, just your and my assumption for this discussion. But if they have a good business, they will get profit from other countries too. If you have a local business, it's different than a global business because when you expand your business to global scale, you must have a successful model that likely works in most countries, not only in your homeland or a country where your business started.

I know that it's hard for us to agree with each other on this, so I will no longer comment on this, after this post. It's also kind of off topic if we continue our discussion on it.

Hmm, I don't think we are going off-topic since it is related to casino and Chips.gg as well (I am not sure if people from Brazil can chips.gg).

As I said, if Brazil is the main customer source of Chips.gg, they can always try to get a license so they can operate their business there. In order to do that, they have to accept the new rules and regulations made by the Brazilian government. To operate in most countries, Chips.gg already have a license and their main domain is not blocked in most countries. Anyway, I know that we may have disagreement in various point and I appreciate healthy discussion with points. This will be my last post regarding this matter.

hd49728

legendary

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Not your keys, not your coins!

Quote from: Shishir99 on October 26, 2024, 08:09:58 AM

I saw a similar explanation in our local thread today, which makes sense. So, I still stand by my statement that the casino will be profitable only if it sees a lot of users from that country.

I agree with you on other points, but not this point. As said, Brazil can be a main source of their revenue and profit, just your and my assumption for this discussion. But if they have a good business, they will get profit from other countries too. If you have a local business, it's different than a global business because when you expand your business to global scale, you must have a successful model that likely works in most countries, not only in your homeland or a country where your business started.

I know that it's hard for us to agree with each other on this, so I will no longer comment on this, after this post. It's also kind of off topic if we continue our discussion on it.

Shishir99

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Quote from: hd49728 on October 25, 2024, 03:47:31 AM

However I disagree with you that Chips.gg company will only get benefit from their business operation ONLY if Brazilians can join the platform. They have users from many countries and if their business model is good, it works in all countries, and bring benefit to the owner team.

I have a point, though. If you read my points, you will probably agree with me.
I know that you are aware that every casino has some geo-restrictions. The casino has no license to operate its business in those countries. If casinos try to get licenses from all those countries, it will cost them millions. Moreover, each country may have different rules and regulations system.

If casinos want to accept all the rules and regulations from each country, they must make a custom mirror copy for each country. For example, if you search for the Binance app on Playstore, you will see some different versions, like Binance TH and Binance TR, which are custom mirrors for Thailand and Turkey. I guess there are different versions for US people. Coinbase has a similar system.

I saw a similar explanation in our local thread today, which makes sense. So, I still stand by my statement that the casino will be profitable only if it sees a lot of users from that country.

RockBell

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Activity: 952

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Quote from: hd49728 on October 24, 2024, 03:00:50 AM

I knew of bans on casinos from Brazilian government but didn't know too much details. I actually didn't find out details about it but let's guess difference between license registered casinos and non-license registered casinos, is there any special limitations order by Brazilian government with approved license. If they have special limitations like Dutch government, I can agree with their regulation.

If there is no national special limitation from government, it's like they want to milk money from casinos, nothing more than that and they don't do it because any benefit of Brazilians.

I don't believe it was completely banned, but it has been regulated, and this is what every country will do because gambling is something that can be manipulated, and there are policies in place to protect casinos beginning with when they want to be established they must obtain a license before anything else, and they are regulated so that they do not exploit people. And if you don't want to abide by does regulations you won't have a choice than to be shut down the government don't joke with their regulations.

The only thing I know with my country was that they are trying to place tax on every win, getting a license should be easy that is if. You are able to meet all their requirements, and everyone is aware that when you want to get such liciences the government will find a way of milking you they are always found of doing that.

The situation of getting anything from the government means they are getting something from you and they are mindful of game fixing folks.

tranthidung

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Farewell o_e_l_e_o

Quote from: avp2306 on October 25, 2024, 06:05:02 AM

I don't see any update rules towards this matter, but I guess this is what they need so those online casino could operate in Brazil country https://brazilian.report/liveblog/politics-insider/2024/09/17/brazil-shortens-deadline-for-online-gambling-companies/

At the end, the government in Brazil wants money from gambling companies, nothing more than money. Like if you want to run your gambling platform in our country, submit for a license, regulation and pay the fee.

Quote

Platforms will be required to pay a license fee of BRF 30 million (5.4 million USD) in order to operate up to three brands for five years, as well as follow rules to fight money laundering and abusive advertising, among others.

I am wondering what did they imply by "operate up to three bands for five years"?

Does it mean the license validity is only for 5 years and after that, if a gambling company want to continue, submit again to expand the license and pay license fee again for next 5 years. It sounds too greedy policy from Brazilian government, if they actually want it by writing that vague sentence.

avp2306

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Quote from: Shishir99 on October 24, 2024, 11:45:44 PM

Quote from: Synchronice on October 24, 2024, 11:29:15 AM

I don't want to promote other casino here but to give you an example, have a look at rollbit. There is a global version of rollbit.com and if you visit this website from UK, rollbit.com redirects you to rollbit.co.uk, which has a different games and UI but belongs to rollbit. They did it to meet the regulations.

This will be beneficial for the casino only if there are a lot of people using chips.gg from Brazil. At this point, we are just speculating the situation. It would be best if someone from Brazil can try to access chips and see if they can use the platform. If they can access the website without any issue, then we don't have to discuss just based on the news. Or chips.gg representative may share if they received any kind of letter from the Brazilian authorities.

As far as we know, a casino already got the pass and now they can operate their business in Brazil. I haven't checked the new rules that Brazilian government implemented. But I guess one of them is, casino should not accept credit card deposits from Brazilian players.

Exactly, If they should start to worry about if users cannot access the casino anymore. Also somehow there's a basis on the speculation of people since they already feel the effect since some of them stating that they can't access their favorite casino after this restrictions happen in Brazil. I guess there's nothing else to do but to obey the law since using VPN might compromised them. To bad that their authorities just want easier solution towards this and they immediately blocked the interest of some gambling enthusiast to do what they like.

I don't see any update rules towards this matter, but I guess this is what they need so those online casino could operate in Brazil country https://brazilian.report/liveblog/politics-insider/2024/09/17/brazil-shortens-deadline-for-online-gambling-companies/

hd49728

legendary

Activity: 2044

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Not your keys, not your coins!

Quote from: Synchronice on October 24, 2024, 11:29:15 AM

I don't want to promote other casino here but to give you an example, have a look at rollbit. There is a global version of rollbit.com and if you visit this website from UK, rollbit.com redirects you to rollbit.co.uk, which has a different games and UI but belongs to rollbit. They did it to meet the regulations.

This is a good example and it makes sense that companies have to follow governmental regulations and they have to adjust their available services, products to users in different countries with different laws, regulations and licenses they got.

I didn't know about this model from Rollbit but it's logical if they actually did it. Obeying law and regulation will reduce a lot of risk for their business, the owners and can help them to expand business better and can maintain it well with time too.

Quote from: Shishir99 on October 24, 2024, 11:45:44 PM

This will be beneficial for the casino only if there are a lot of people using chips.gg from Brazil. At this point, we are just speculating the situation. It would be best if someone from Brazil can try to access chips and see if they can use the platform. If they can access the website without any issue, then we don't have to discuss just based on the news. Or chips.gg representative may share if they received any kind of letter from the Brazilian authorities.

I agree with you that it's better for Chips.gg company if people from Brazil can access the site, or a mirror of it, and use limited services and products from Chips.gg team.

However I disagree with you that Chips.gg company will only get benefit from their business operation ONLY if Brazilians can join the platform. They have users from many countries and if their business model is good, it works in all countries, and bring benefit to the owner team.

Shishir99

hero member

Activity: 770

Merit: 482

Quote from: Synchronice on October 24, 2024, 11:29:15 AM

I don't want to promote other casino here but to give you an example, have a look at rollbit. There is a global version of rollbit.com and if you visit this website from UK, rollbit.com redirects you to rollbit.co.uk, which has a different games and UI but belongs to rollbit. They did it to meet the regulations.

This will be beneficial for the casino only if there are a lot of people using chips.gg from Brazil. At this point, we are just speculating the situation. It would be best if someone from Brazil can try to access chips and see if they can use the platform. If they can access the website without any issue, then we don't have to discuss just based on the news. Or chips.gg representative may share if they received any kind of letter from the Brazilian authorities.

As far as we know, a casino already got the pass and now they can operate their business in Brazil. I haven't checked the new rules that Brazilian government implemented. But I guess one of them is, casino should not accept credit card deposits from Brazilian players.

Synchronice

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Quote from: ultrloa on October 24, 2024, 06:36:07 AM

Maybe they are really been worried towards the number of people participate in this activities and now they are taking action on this issue before it get worse to their people. But I heard they allow some online casino to operate if the casino agree to the new rules set by the government.

Our forum mate, bitmover posted that people were abusing social benefits, 70% of money received from social benefits was spent in casinos, so for this reason, the Brazilian government decided to ban casinos.

Quote from: ultrloa on October 24, 2024, 06:36:07 AM

So if they want to continue I guess the only thing to do is to comply what Brazilian government asked. If chips.gg would see some lots of Brazilian players gamble in their casino then maybe they comply with the rules. But if they don't have much good count then maybe they would pass it on and just focus on jurisdiction which they allowed to operate.

If Chips.gg has lots of Brazilian customers and this ban affects them, then my guess is that in the future, they'll create a separate Chips.gg for Brazilian people. I don't want to promote other casino here but to give you an example, have a look at rollbit. There is a global version of rollbit.com and if you visit this website from UK, rollbit.com redirects you to rollbit.co.uk, which has a different games and UI but belongs to rollbit. They did it to meet the regulations.

ultrloa

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Quote from: hd49728 on October 24, 2024, 03:00:50 AM

Quote from: Shishir99 on October 24, 2024, 01:30:29 AM

Let's talk about the recent events. Brazil lately blocked 2000+ online casinos. If any of them want to operate their business in Brazil, they must get a license. But if those platforms still operate their business in Brazil without getting a license, the Brazilian government can file a case against the casino. So, probably the casinos will end up getting a license or banning users from Brazil.

I knew of bans on casinos from Brazilian government but didn't know too much details. I actually didn't find out details about it but let's guess difference between license registered casinos and non-license registered casinos, is there any special limitations order by Brazilian government with approved license. If they have special limitations like Dutch government, I can agree with their regulation.

If there is no national special limitation from government, it's like they want to milk money from casinos, nothing more than that and they don't do it because any benefit of Brazilians.

Details on that situation https://www.yogonet.com/international/news/2024/10/14/81881-brazil-blocks-over-2-000-irregular-gambling-sites-as-part-of-government-push-to-regulate-the-sector

Maybe they are really been worried towards the number of people participate in this activities and now they are taking action on this issue before it get worse to their people. But I heard they allow some online casino to operate if the casino agree to the new rules set by the government.

So if they want to continue I guess the only thing to do is to comply what Brazilian government asked. If chips.gg would see some lots of Brazilian players gamble in their casino then maybe they comply with the rules. But if they don't have much good count then maybe they would pass it on and just focus on jurisdiction which they allowed to operate.

Topic: Chips.gg |🎰 1000+ Slots |🎤 Live Casino |🎲 1% House Edge Dice |🏦 The Vault - page 3. (Read 24304 times)