Fees!!! - page 5. | Bitcointalksearch.org

chris200x9

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Quote from: mirakal on May 29, 2017, 02:56:40 AM

Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

As long as it is still int he policy casinos has no accountability on that, most casinos will let you choose why type of fee you like and as a gambler we will choose a faster one which is more expensive. The only casino I knew that has no fee is FortuneJack.com that's why I love to pay in this site.

Yes, as of now only FJ site don't ask any fee from the players to withdraw money. But most of the other reputed sites will allow players to chose the fee for withdrawal. But sometimes even with highest fee pay for the withdrawal still we need to wait for many hours to receive withdrawals. It is not a gambling site issue but blockchain traffic issue.

kpcian

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It's simplest thing. Service charge should be everywhere, when you open a business then you have to earn profit, in casino, poker or any kind of service sector must earn service charge as profit. Some of the casino can't accept such type of charge. But it's the fundamental money you during transaction of money.

mirakal

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

As long as it is still int he policy casinos has no accountability on that, most casinos will let you choose why type of fee you like and as a gambler we will choose a faster one which is more expensive. The only casino I knew that has no fee is FortuneJack.com that's why I love to pay in this site.

BossMacko

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

If ever that happens casino shouldn't be blame even if you chose the highest fee for fast confirmation. Because of the price of Bitcoin the amount of users who gets unconfirmed transactions are getting many and you can't blame that in the casino. In case you cashout and you received your Bitcoin for too long and you feel that you loss because the price of Bitcoin drops then you just need to hold that Bitcoin and wait for the price to rise again. We can't control the blockchain, it is responsible in all of our transactions.

ufaiz50

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

I think it's not their responsibility and I also think every casino wants to give good service to users. maybe it's just not your luck at cashout and at the same time bitcoin price drops eventhough that possibility is rare happend.

ethereumhunter

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

i think the casino will thinking to using the minimal fees that they can used to send the amount of bitcoin that the members want. maybe they will used the same amount for all members and for the confirming that maybe getting slow, its not the casino responsibilites but its about blockchain to confirmed the transaction. i think the casino will do the best for their members to send the fast as they can to the members wallet.

serjent05

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Once you use a Casino, you agree with its terms and condition. Definitely we cannot held Casino sites responsible of the delay of the confirmation of the withdrawal transaction. But of course Casino sites will take care of that. They do not want to look bad in front of their client and possible client with just some satoshi savings. They will definitely make sure that all is in place including fees for faster transaction.

swogerino

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No one can predict the bitcoin price even for the very near term feature, like 30 minutes from now if it will grow or if it will fall. The casinos do not know this either so they cannot be held responsible for that. Bitcoin price crashes or huge runs means nothing to a gambler or person who is interested in bitcoin. As long as the casino pays the amount requested from the player in bitcoin everything is fine. These casinos unfortunately are becoming less and less each day, the ones who are trusted.

hatshepsut93

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

No they shouldn't, unless they have guaranteed you your value in USD at the moment of the win of something, but no one is doing it. You are holding bitcoins at your own risk, and if you are so afraid of crashes, you should keep you coins on exchange (a bit risky, considering hacks and other stuff that was happening in the past) and set a stop-loss order, otherwise it can drop even faster than the faster transcation, or more likely just while you are not watching.

Slark

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Quote from: maxpowerzz92 on May 28, 2017, 09:29:01 AM

If bitcoins are to be a store of value, then casinos and merchants need to adjust for the changing times and consider using alternatives instead.

It shouldn't be that difficult to add a couple more coins, but the development costs need to be eaten somewhere. Only when more gaming sites starting using other coins, and they start to lose marketshare will some of these bitcoin-only sites begin to change.

If bitcoin won't be used and accepted by business, services and merchants it will lose its merit and not longer will be treated as good store of value asset.
Using altcoins won't solve bitcoin's problem - it will create even more complicated situaiton with no main coin used by every service.

We have reached Bitcoin Scalability Consensus. More than 80% the miners, have agreed to SegWit + a 2MB maxblocksize hardfork.
So just stick to the bitcoin, buy more coins, it will be upgraded and retain the top position as king of crypto.

maxpowerzz92

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If bitcoins are to be a store of value, then casinos and merchants need to adjust for the changing times and consider using alternatives instead.

It shouldn't be that difficult to add a couple more coins, but the development costs need to be eaten somewhere. Only when more gaming sites starting using other coins, and they start to lose marketshare will some of these bitcoin-only sites begin to change.

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

The answer is already obvious, if the price drop of bitcoin bothers you so much just gamble in fiat. Most casino that I gamble on doesn't charge you for your miner fees but they always seem to put enough fees from 200 to 300 satoshi per byte.

Quote from: Ayers on May 28, 2017, 04:40:48 AM

then how you explain that bittrex have 20k satoshi fee all the times, when i withdrawal my coins from them? 20k satoshi is way below the average and shoudl remain stuck forever instead i always get my coins very fast from them, the only explanation is that they are miners themselves, or they do the same thign as viabitcoin the accelerator

Maybe you're just lucky with the confirmations or during that time the network isn't busy as usual.

Ayers

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Quote from: ndnh on May 28, 2017, 12:48:46 AM

Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

No.

Quote from: Ayers on May 26, 2017, 11:08:01 AM

they don't care i think but i know for sure that these service like exchange and casino have special deals with miners and they can have fast confirmations with very low fee -snip-

No, they don't make special deals with miners Roll Eyes

then how you explain that bittrex have 20k satoshi fee all the times, when i withdrawal my coins from them? 20k satoshi is way below the average and shoudl remain stuck forever instead i always get my coins very fast from them, the only explanation is that they are miners themselves, or they do the same thign as viabitcoin the accelerator

milewilda

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

Hell No! and they really dont care at all as long you are already withdrawn a particular amount of bitcoin into their site and they dont care if the price drops a lot or rise. They do really offer free fees but expect the lowest one.No one knows and they dont really patch up everything.

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

No.

Quote from: Ayers on May 26, 2017, 11:08:01 AM

they don't care i think but i know for sure that these service like exchange and casino have special deals with miners and they can have fast confirmations with very low fee -snip-

No, they don't make special deals with miners Roll Eyes

coynedterm

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

They can't think that what you will do with your Bitcoin , they knows that you want your Bitcoin back that you deposited or won .
Usually the most of the casinos give the Bitcoin with the normal fee ( according to the market , regardless of the fee that is needed for the confirmation in one hour or two hour .
When I was regular gambler at the cloudbet then they send Bitcoin with fee of 200sat per byte , so I think they will send btc atleast with 300 sat per byte .( Thier system remain in the custom mode for daily )

coolsai

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Do your due diligence and check out which casinos offer faster payouts or the option to amend the fees. You cannot blame them for any changes in prices, otherwise should they ask you to pay them back something when the price goes up? I get that its annoying but to even suggest they should be held responsible is kind of ridiculous.

hello_good_sir

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

In my opinion no because they could be carrying the risk of bitcoin appreciating in the time withdrawal confirms as well. But they don't ask you for more bitcoins back do they? If there is a delay with the actual transaction being sent onto the network then yeah it should be their fault. If they blatantly use a low fee then yeah it's their fault too, but if the blockchain is just congested and they put a normal fee(like 200sats/byte) then it's not their fault.

If you're worried about this, use dogecoins. The blockchain is fast as s**t compared to the bitcoin blockchain and withdrawal fees are 1 doge.

Mbokani

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

Which casino you are talking about,since all of the major casino's adjusted their fees when the fees increased and if you could specifically say which casino you are talking about then we can have some clarity ,you cannot held responsible just because someone pays a low fees than the current stipulated fees as the fee keeps on increasing with network conjunction.

MinerHQ

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Quote from: machinek20 on May 27, 2017, 07:22:47 AM

The answer will be no, as long as the casino gives you the money then they are not to blame, and the speed transaction is not the casino fault, so you should also consider the withdrawal and deposit coin speed before you decided to play in that site

Correct. As long as casino send out your coins then we can't blame them but casinos should provide a couple of options to players to pay the fee instead they decided some fixed amount. They on one can blame the casinos because individuals have decided how much they want to pay the fees.

Topic: Fees!!! - page 5. (Read 2877 times)