Is Your Gambling Site(s) SegWit Ready? - page 2.

Caladonian

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Quote from: bbc.reporter on July 19, 2017, 08:24:37 PM

It is in the interest of the exchanges to declare that they will honor the coins that their users are entitled with in case there is a hard fork after August 1. This will encourage the users to not withdraw their bitcoins and it shows that the owners of the exchanges care of what the market and the users think.

Gambling sites should do the same if they do not want to get their service disrupted.

yeah they should follow this in order to avoid gamblers to withdraw their funds inside their wallets, as mention above if exchange can deal and take care of this issue better also for the house to make necessary moves to take care of their players, its a win win situation still players will stay and the wallet will
be take care of the owners.

bbc.reporter

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It is in the interest of the exchanges to declare that they will honor the coins that their users are entitled with in case there is a hard fork after August 1. This will encourage the users to not withdraw their bitcoins and it shows that the owners of the exchanges care of what the market and the users think.

Gambling sites should do the same if they do not want to get their service disrupted.

peter0425

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Quote from: Junko on July 19, 2017, 07:32:44 PM

Thanks for the replies so far guys.

I imagine that in general, people would want to be in control of their bitcoin when August 1st rolls around. But I also imagine that any reputable betcoin gambling site would want to do right by its customers/patrons in this situation coming up. It seems it is more a matter of how prepared each site will be to be able to handle the various possibilities that may occur after August 1st as regards to players bitcoins being held on the site.

I agree. We are talking big amount of bitcoin here so gambling site needs to be prepared as well, especially to cater to big whalers customers. Almost all exchanges has somewhat prepared by letting their customers know that they will not accept deposits or allow withdraw during the activation. But I don't know about the gambling sites. I will probably not deposit as well and wait till everything clears up.

Junko

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Thanks for the replies so far guys.

I imagine that in general, people would want to be in control of their bitcoin when August 1st rolls around. But I also imagine that any reputable betcoin gambling site would want to do right by its customers/patrons in this situation coming up. It seems it is more a matter of how prepared each site will be to be able to handle the various possibilities that may occur after August 1st as regards to players bitcoins being held on the site.

lorylore

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I am also very concern about this and i am so far very grateful that 2 out of my 3 gambling site that i frequent willing to allocate both the chain if there is a fork to occur. So now i am deciding whether to withdraw from the 3rd site temporarily or perm. I could just transfer the fund to the other 2 sites. See no pt to transfer back. And also there will be other possible fork in the future and i no need to keep worries if i just rely on these 2 sites.

Frost

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Quote from: Junko on July 19, 2017, 07:06:19 PM

From reading threads in other parts of the forum, people are saying that before August 1 comes around, that you should withdraw your bitcoins from exchanges that are not SegWit ready and where you don't have control of the private key and put your bitcoins into wallets where you do possess the private key.

Does this advise also hodl true for gambling sites where your bitcoins are held in a wallet that you don't own/control the private key?

I will stop gambling with bitcoin until everything is clear.

Quote from: Junko on July 19, 2017, 07:06:19 PM

What happens to our bitcoins that are in an account on a gambling site that isn't SegWit ready and there is (or isn't) a hard fork after August 1st?

If there is a chain split, the worst risk is to lose all the bitcoins you store in a place you can not control using your private key.

Emoclaw

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Quote from: Junko on July 19, 2017, 07:06:19 PM

From reading threads in other parts of the forum, people are saying that before August 1 comes around, that you should withdraw your bitcoins from exchanges that are not SegWit ready and where you don't have control of the private key and put your bitcoins into wallets where you do possess the private key.

Does this advise also hodl true for gambling sites where your bitcoins are held in a wallet that you don't own/control the private key?

What happens to our bitcoins that are in an account on a gambling site that isn't SegWit ready and there is a hard fork after August 1st?

The gambling website will probably decide on which chain your coins will belong. At least they have the power to do so.
Crypto-games have outlined their plan in case of a fork: http://blog.crypto-games.net/2017/07/crypto-games-bip148uasf-contingency-plan.html

But that will most likely not be needed if BIP91 activates.

Junko

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From reading threads in other parts of the forum, people are saying that before August 1 comes around, that you should withdraw your bitcoins from exchanges that are not SegWit ready and where you don't have control of the private key and put your bitcoins into wallets where you do possess the private key.

Does this advise also hodl true for gambling sites where your bitcoins are held in a wallet that you don't own/control the private key?

What happens to our bitcoins that are in an account on a gambling site that isn't SegWit ready and there is (or isn't) a hard fork after August 1st?

Topic: Is Your Gambling Site(s) SegWit Ready? - page 2. (Read 481 times)