FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting - page 349.

Lucky7btc

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Quote from: BTCevo on January 27, 2018, 08:18:28 AM

Quote from: adaseb on January 26, 2018, 04:35:55 AM

This is nothing new.

Many people have tried this in the past and also with many different exchanges and services.

Basically if you make a new account, deposit BTC, and right after you withdraw that exact BTC, your account will get locked.

Exchanges/Services have to do this to prevent their service from being used as a "mixer".

But how suppose they can withdraw it directly without completing their 2x wagering amount? I do not even think that anyone want to use FJ as mixer while they need to risk their chance to win some amount. If the result is profit then they get nothing to lose, but I do not find that it will be easy if you losing it, since it is gambling site who can predict the result?

Most people simply deposit to an exchange and transfer over to another currency and then withdrawal. They no longer need a casino to do so. Next Topic Please...

BTCevo

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Quote from: adaseb on January 26, 2018, 04:35:55 AM

This is nothing new.

Many people have tried this in the past and also with many different exchanges and services.

Basically if you make a new account, deposit BTC, and right after you withdraw that exact BTC, your account will get locked.

Exchanges/Services have to do this to prevent their service from being used as a "mixer".

But how suppose they can withdraw it directly without completing their 2x wagering amount? I do not even think that anyone want to use FJ as mixer while they need to risk their chance to win some amount. If the result is profit then they get nothing to lose, but I do not find that it will be easy if you losing it, since it is gambling site who can predict the result?

marlboroza

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Quote from: oHnK on January 26, 2018, 04:03:38 AM

~
But still even wagering 10x wont prevent you from being noticed that you are using to launder some coin so it is better to let user pay their own withdrawal fee without using any wagering requirement

How is that? You can't launder money with such high wagering requirement. You can't wager it on dice rolling on 1.02 or whatever minimal bet is and you can't place bets both on red and black in roulette.
Besides, fortunejack has 2X wagering requirement while some big fiat casinos or poker sites have 1X wagering requirement. I guess they can lower it to 1X.

oHnK

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Quote from: adaseb on January 26, 2018, 04:35:55 AM

This is nothing new.

Many people have tried this in the past and also with many different exchanges and services.

Basically if you make a new account, deposit BTC, and right after you withdraw that exact BTC, your account will get locked.

Exchanges/Services have to do this to prevent their service from being used as a "mixer".

Never heard of anything like that and I guess every gambling site around here dont really have any wagering requirement for any deposit that come to their site. Some exchanger only need your identity for you to withdraw or they limit your daily withdrawal but your account is not going to get locked, thats a very different concept

adaseb

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This is nothing new.

Many people have tried this in the past and also with many different exchanges and services.

Basically if you make a new account, deposit BTC, and right after you withdraw that exact BTC, your account will get locked.

Exchanges/Services have to do this to prevent their service from being used as a "mixer".

oHnK

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Quote from: serjent05 on January 26, 2018, 03:26:24 AM

Quote from: iluvbitcoins on January 26, 2018, 03:09:38 AM

I don't understand how does one launder money without the 2x wagering requirement?
You mean mixing or?

Users tend to use exchanges and anyother online wallet to mixed their Bitcoin to remove the "trace" of the previous transaction of their Bitcoin. As you can see, when we deposit to trading platform wallet and online casino wallet, they tend to send the fund from other address that hold other coins. This somehow adds a layer of wall to trace peoples transaction and they (those who wants to verify the source of the coing) must communicate with the owner of the site to verify if this x BTC is from this y address.

But still even wagering 10x wont prevent you from being noticed that you are using to launder some coin so it is better to let user pay their own withdrawal fee without using any wagering requirement

Also I received this email from fortunejack that they are going to remove few currencies

Quote

RedCoin / RDD
NovaCoin / NVC
Clam / CLAM
PeerCoin / PPC
NameCoin / NMC

If you have any of these coin , you can write email to them to ask them to convert it however I dont see it clear in the email what exchange rate they are using

Quote

All exchange operations will be conducted based on the currency exchange rate present at the moment of conversion.

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Quote from: iluvbitcoins on January 26, 2018, 03:09:38 AM

I don't understand how does one launder money without the 2x wagering requirement?
You mean mixing or?

Users tend to use exchanges and anyother online wallet to mixed their Bitcoin to remove the "trace" of the previous transaction of their Bitcoin. As you can see, when we deposit to trading platform wallet and online casino wallet, they tend to send the fund from other address that hold other coins. This somehow adds a layer of wall to trace peoples transaction and they (those who wants to verify the source of the coing) must communicate with the owner of the site to verify if this x BTC is from this y address.

iluvbitcoins

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Freedom&Honor

Quote from: Bitinity on January 25, 2018, 11:13:11 PM

Quote from: shield132 on January 25, 2018, 11:52:41 AM

Quote from: piloder on January 25, 2018, 10:24:45 AM

Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

2X wagering requirement is there because when bitcoin tx fee has increased insanely high many have used fortunejack just as bitcoin wallet because FJ don't take any withdrawal fee. FJ will get bankrupt if they continue to pay fee for others who have never lost or wagered any amount of bitcoin in casino. So they have added this 2x wagering requirement rather than adding fee for withdrawals.

Do you understand what are you trying to say? This means FJ added 2x wagering requirement to make their users lost some bitcoin in order to get much profit and cover tx fees. As I remember they did this because to get rid of money laundering. So think what you post and if I am wrong, tell me.

In my opinion the main reason of the 2x wagering requirement is about money laundering, it is not to make FJ players lose their money to cover withdrawal fees. As long as I remember FJ's representative (Jessica) at the time of the clarification, she told us the main reason about this requirement.

Quote from: Erza on January 25, 2018, 06:56:21 AM

But 2x withdrawal is not even worth for big whale player, all they need to do is winning to withdraw their money, what is the point of losing if they want to withdraw it. Fow small player here, may be it is still easy for them to recover if they lose it

We do not have any bonuses here yet they place some wagering amount just to withdraw our moneu here. I think it is pretty ridiculous to have some 2x wagering requirement

Anyone who are going to deposit at fortunejack should read terms, if they cant accept this terms then they should not deposit and complain after it. It is ridiculous if it is a hidden term, in fact it is a clear term. One more thing wagering does not always mean that players will lose before completing the requirement. There is still a chance to win more than what they have won before completing it.

I don't understand how does one launder money without the 2x wagering requirement?
You mean mixing or?

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Fortunejack is there any plan to introduce on site exchange feature for the coins that are supported in the site? I think this can be done and it will be helpful for many.

Quote from: iluvbitcoins on January 25, 2018, 07:45:40 PM

It would probably be for the best if you could pick one when making your deposit, either
- free withdrawal (x2 wagering requirement)
- no wagering requirement, but you have to pay transaction fees
2 options are always better than 1 Cheesy

I like this idea, this will also prevent people from using FJ as bitcoin wallet and start heated discussion about 2x wagering requirement.

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Quote from: SyGambler on January 25, 2018, 12:31:30 PM

Quote from: serjent05 on January 25, 2018, 12:05:03 PM

Not if the player wins. Actually the requirement is double edge sword. Player can win or lose. Setting example my experience. I am currently at a gain now. From 0.08BTC up to 0.8 BTC then down to 0.4 BTC and I decided to stop and withdraw my winnings. I can easily withdraw it because I already meet the 2x wagering thus leaving FJ to lose some amount of BTC. So I guess, to think that FJ set that requirement to make players lose some BTC is a moot idea.

this rule doesn't make sense , Fortunejack is the only bitcoin casino that forces their players to wager X amount before being able to withdraw
what if I deposited 1 BTC , played a little then changed my mind !! this just doesn't make sense
and about the money laundering thing , I'm sure people who want to launder their bitcoins can find way better places to do that
FJ should let players pay the fee and withdraw whatever and whenever they want

This answers your argument..

Quote from: Hhampuz on January 25, 2018, 05:06:36 PM

So you think people should be able to use FJ as a wallet? I really don't see the point in them removing it, either they could add a fee that means that people who are not wagering will pay for all the fees that FJ encounter or they keep it as is with 2x wager requirement. I get that people might deposit but then regret that they did and want to take their money out but I'm not sure that FJ should be held liable for that and thus pay for all the withdraw fees.

FortuneJack is a Casino Gambling site not an online wallet that will keep your BTC online. If you do not want to wager then do not deposit in FJ. That simple. So why do you want to deposit your BTC to FJ then withdraw it as soon as it got credited? Washing tracks of transaction from the address source? The thing is, FortuneJack knows this kind of scheme (possible money laundering) that is why they set a requirement to wager at least 2x of your deposit amount to at least the only one who will deposit in their site is the one who wants to play their games.

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Quote from: shield132 on January 25, 2018, 11:52:41 AM

Quote from: piloder on January 25, 2018, 10:24:45 AM

Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

2X wagering requirement is there because when bitcoin tx fee has increased insanely high many have used fortunejack just as bitcoin wallet because FJ don't take any withdrawal fee. FJ will get bankrupt if they continue to pay fee for others who have never lost or wagered any amount of bitcoin in casino. So they have added this 2x wagering requirement rather than adding fee for withdrawals.

Do you understand what are you trying to say? This means FJ added 2x wagering requirement to make their users lost some bitcoin in order to get much profit and cover tx fees. As I remember they did this because to get rid of money laundering. So think what you post and if I am wrong, tell me.

In my opinion the main reason of the 2x wagering requirement is about money laundering, it is not to make FJ players lose their money to cover withdrawal fees. As long as I remember FJ's representative (Jessica) at the time of the clarification, she told us the main reason about this requirement.

Quote from: Erza on January 25, 2018, 06:56:21 AM

But 2x withdrawal is not even worth for big whale player, all they need to do is winning to withdraw their money, what is the point of losing if they want to withdraw it. Fow small player here, may be it is still easy for them to recover if they lose it

We do not have any bonuses here yet they place some wagering amount just to withdraw our moneu here. I think it is pretty ridiculous to have some 2x wagering requirement

Anyone who are going to deposit at fortunejack should read terms, if they cant accept this terms then they should not deposit and complain after it. It is ridiculous if it is a hidden term, in fact it is a clear term. One more thing wagering does not always mean that players will lose before completing the requirement. There is still a chance to win more than what they have won before completing it.

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Quote from: iluvbitcoins on January 25, 2018, 07:45:40 PM

It would probably be for the best if you could pick one when making your deposit, either
- free withdrawal (x2 wagering requirement)
- no wagering requirement, but you have to pay transaction fees
2 options are always better than 1 Cheesy

Yeah then we just need to respect on fj policy no matter it's looks like something that doesn't makes any sense as they think it's for the security reason to protect them . They could always change that rules anytime I think, free withdrawal are good but have to wager before making withdrawal indeed a little bit annoying, just saying.

iluvbitcoins

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Freedom&Honor

It would probably be for the best if you could pick one when making your deposit, either
- free withdrawal (x2 wagering requirement)
- no wagering requirement, but you have to pay transaction fees
2 options are always better than 1 Cheesy

michkima

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Quote from: Hhampuz on January 25, 2018, 05:06:36 PM

Quote from: oHnK on January 25, 2018, 01:17:22 PM

Quote from: SyGambler on January 25, 2018, 12:31:30 PM

FJ should let players pay the fee and withdraw whatever and whenever they want

This would be a great solution. For now fortunejack pays the withdrawal fee, the withdrawal fee is quite expensive nowadays so the option to withdraw instantly without inflicting any financial loss to fortunejack is let the player pays the fee. I am being honest right now and that 2x wagering requirement is going to scare alot of potential player

So you think people should be able to use FJ as a wallet? I really don't see the point in them removing it, either they could add a fee that means that people who are not wagering will pay for all the fees that FJ encounter or they keep it as is with 2x wager requirement. I get that people might deposit but then regret that they did and want to take their money out but I'm not sure that FJ should be held liable for that and thus pay for all the withdraw fees.

I also do not see the point of having people use FJ or anything gambling site as a wallet. This is a disruption of the business and just causes problems for the operator. FJ has been quite generous to pay for the transaction fees, and they aren't a cheapskate when it comes to fees. They also have bitgo enabled which is so useful.

Like I said here,

Quote from: michkima on January 24, 2018, 01:22:24 AM

Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

I believe this was put in place because FJ is controlling the players that just use the platform as a "wallet" of sorts. Because FJ doesn't really charge players for transaction/miners fee (which is extremely awesome!), I think having a wagering requirement of at least x2 (which is actually easy to do if you are really gambling) is necessary so that users cannot abuse the free withdrawals.

Not completely sure about my answer, because it is just a theory. Would love to hear why they really placed it.

The wagering requirement prevents people from using FJ as a wallet. x2 roll over isn't hard, you can even get that in 2 rolls on dice. If it was just x1, then it would be extremely easy that would result to people abusing the system and would be able to use FJ as a wallet with just a little difficulty.

Hhampuz

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Meh.

Quote from: oHnK on January 25, 2018, 01:17:22 PM

Quote from: SyGambler on January 25, 2018, 12:31:30 PM

FJ should let players pay the fee and withdraw whatever and whenever they want

This would be a great solution. For now fortunejack pays the withdrawal fee, the withdrawal fee is quite expensive nowadays so the option to withdraw instantly without inflicting any financial loss to fortunejack is let the player pays the fee. I am being honest right now and that 2x wagering requirement is going to scare alot of potential player

So you think people should be able to use FJ as a wallet? I really don't see the point in them removing it, either they could add a fee that means that people who are not wagering will pay for all the fees that FJ encounter or they keep it as is with 2x wager requirement. I get that people might deposit but then regret that they did and want to take their money out but I'm not sure that FJ should be held liable for that and thus pay for all the withdraw fees.

oHnK

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Quote from: SyGambler on January 25, 2018, 12:31:30 PM

FJ should let players pay the fee and withdraw whatever and whenever they want

This would be a great solution. For now fortunejack pays the withdrawal fee, the withdrawal fee is quite expensive nowadays so the option to withdraw instantly without inflicting any financial loss to fortunejack is let the player pays the fee. I am being honest right now and that 2x wagering requirement is going to scare alot of potential player

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guess who's back

Quote from: serjent05 on January 25, 2018, 12:05:03 PM

Not if the player wins. Actually the requirement is double edge sword. Player can win or lose. Setting example my experience. I am currently at a gain now. From 0.08BTC up to 0.8 BTC then down to 0.4 BTC and I decided to stop and withdraw my winnings. I can easily withdraw it because I already meet the 2x wagering thus leaving FJ to lose some amount of BTC. So I guess, to think that FJ set that requirement to make players lose some BTC is a moot idea.

this rule doesn't make sense , Fortunejack is the only bitcoin casino that forces their players to wager X amount before being able to withdraw
what if I deposited 1 BTC , played a little then changed my mind !! this just doesn't make sense
and about the money laundering thing , I'm sure people who want to launder their bitcoins can find way better places to do that
FJ should let players pay the fee and withdraw whatever and whenever they want

serjent05

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Quote from: shield132 on January 25, 2018, 11:52:41 AM

Quote from: piloder on January 25, 2018, 10:24:45 AM

Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

2X wagering requirement is there because when bitcoin tx fee has increased insanely high many have used fortunejack just as bitcoin wallet because FJ don't take any withdrawal fee. FJ will get bankrupt if they continue to pay fee for others who have never lost or wagered any amount of bitcoin in casino. So they have added this 2x wagering requirement rather than adding fee for withdrawals.

Do you understand what are you trying to say? This means FJ added 2x wagering requirement to make their users lost some bitcoin in order to get much profit and cover tx fees. As I remember they did this because to get rid of money laundering. So think what you post and if I am wrong, tell me.

Not if the player wins. Actually the requirement is double edge sword. Player can win or lose. Setting example my experience. I am currently at a gain now. From 0.08BTC up to 0.8 BTC then down to 0.4 BTC and I decided to stop and withdraw my winnings. I can easily withdraw it because I already meet the 2x wagering thus leaving FJ to lose some amount of BTC. So I guess, to think that FJ set that requirement to make players lose some BTC is a moot idea.

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Quote from: piloder on January 25, 2018, 10:24:45 AM

Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

2X wagering requirement is there because when bitcoin tx fee has increased insanely high many have used fortunejack just as bitcoin wallet because FJ don't take any withdrawal fee. FJ will get bankrupt if they continue to pay fee for others who have never lost or wagered any amount of bitcoin in casino. So they have added this 2x wagering requirement rather than adding fee for withdrawals.

Do you understand what are you trying to say? This means FJ added 2x wagering requirement to make their users lost some bitcoin in order to get much profit and cover tx fees. As I remember they did this because to get rid of money laundering. So think what you post and if I am wrong, tell me.

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Quote from: Bitslersupportissue on January 23, 2018, 11:13:25 PM

Why 2X wagering requirement?

If removed then I want to play on this site.

2X wagering requirement is there because when bitcoin tx fee has increased insanely high many have used fortunejack just as bitcoin wallet because FJ don't take any withdrawal fee. FJ will get bankrupt if they continue to pay fee for others who have never lost or wagered any amount of bitcoin in casino. So they have added this 2x wagering requirement rather than adding fee for withdrawals.

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