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Topic: [poorbot.io] | Exchanger for Stake - fast, cheap, simple - page 8. (Read 2504 times)

legendary
Activity: 1974
Merit: 1003
very very attractive fees versus dinabot wich has 4%, congrats on your project and good luck, i will definetly use it soon
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Yeah, I wanted to still keep it a bit high, but usually exchanged amounts are smaller than that. Above that it makes much more sense to use a "real" exchange Cheesy
Yes, it receives tips, and sends back in another currency. When balances reach or drop to a certain amount, I deposit or withdraw, keep it balanced.
You made Poortbot on your own without affiliation or Stake approval, so is there any chance that Stakes notice tips transactions like this increasing and ban them?
I dont see anything wrong with what you are doing, but they can think this are cases of abuse and multiple accounts.
legendary
Activity: 2604
Merit: 1251
-snip-
Dinabot has been running for more than a few years.

They are still running until now, of course, stake is not going to bother these. They just do not care at all, In-case there has some problem with the service they just can easily say to user/player about a warning for interaction between third parties.

Service like these is help a lot for small balance.
hero member
Activity: 2366
Merit: 838
do you think that because their mentioned stake in the title means anything related to offering a exchange service for a casino,  I believe the name stake ring a bell in your head and why you have a presumption about poorbot and it services
The service is tipping other users on Stake casino. The owner of Poorbot has an account on Stake with an username as Poor, it was explained by them.

This poorbot exchanger is for Stake users, not for Stake casino. Poorbot is not affiliated with Stake casino and the casino team allow the Poorbot exchanger do their business on Stake because they do not see it breaks their Terms of Service. The owner revealed that Stake team did not complain anything about this small business on Stake.

I wish best luck for them and as their campaign participants, I wish them success too.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.
do you think that because their mentioned stake in the title means anything related to offering a exchange service for a casino,  I believe the name stake ring a bell in your head and why you have a presumption about poorbot and it services,  although I haven't visited or used poor it service before but I am sure it is far from what you are thinking and you may have to prove me wrong in me too is just assuming your also.

When the network connection subsidess small,  I will try out their services and try to give my review about them at some point.
copper member
Activity: 34
Merit: 8
$500 is not such a small amount for some people, but maybe you dont see tips that high so often  Wink
So let me see if I understand correctly, you are using your Stake account for accepting tips from other Stake customers, and then you later exchange coins you received for different coins, with small fee.

Yeah, I wanted to still keep it a bit high, but usually exchanged amounts are smaller than that. Above that it makes much more sense to use a "real" exchange Cheesy
Yes, it receives tips, and sends back in another currency. When balances reach or drop to a certain amount, I deposit or withdraw, keep it balanced.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Thanks for your comment, unfortunately at the moment I'm thinking about continuing with Stake only

Since you will send the bot a tip from Stake, there are no fees on that, and for actual exchange bot uses its own liquidity.
Given that it's used mostly for small amounts, handling that is not much of an issue
$500 is not such a small amount for some people, but maybe you dont see tips that high so often  Wink
So let me see if I understand correctly, you are using your Stake account for accepting tips from other Stake customers, and then you later exchange coins you received for different coins, with small fee.
copper member
Activity: 34
Merit: 8
...
Do I miss that tipping is not an on-chain transaction and it is more like a credit to an account?

Later when a user submits a withdrawal request, the casino will check and approve it, then if the withdrawal request is accepted and proceeded, it's time for an actual on-chain transaction, then we will talk about transaction fee here.
I meant the exchange fee, which is 0.3% right now. Gotta make some bread Cheesy


What did cause you to name the bot like Poorbot, but not Richbot?

Gamblers want to be rich, not poor.
My personal account on Stake has username starting with "poor...", so I kinda used that, and thought it'd catch some attention & be funny!
sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
Bot always sends the tips back to sender, minus fees if exchanged, or the same amount & currency if it wasn't exchanged for 2 hours. And Stake is aware of the bot, so it should be fine.
Do I miss that tipping is not an on-chain transaction and it is more like a credit to an account?

Later when a user submits a withdrawal request, the casino will check and approve it, then if the withdrawal request is accepted and proceeded, it's time for an actual on-chain transaction, then we will talk about transaction fee here.

Quote
I personally play on Stake as well with my personal account, and I've made it clear to Stake the bot will not claim any bonuses, has all promotion and rain etc. features turned off.
It's your good approach to keep your account safely.

What did cause you to name the bot like Poorbot, but not Richbot?

Gamblers want to be rich, not poor.
copper member
Activity: 34
Merit: 8
I’m not sure if this question is already asked so just forward me the answer if there’s already existing one.

I’m not a regular Stake player but my concern is how do you deal with account that commit violation of terms such as bonus abuse? Since you are not affiliated with Stake, is there any incident that accounts was linked to the other one just because they use the bot? I’m referring to the potential connection of account with violation to regular gambler that both use the bot at the same time.

Hi, thanks for your interest, bonuses are given based on their KYC processes and own considerations, and there is no limitation to tip other users or withdraw the bonus immediately. So using the bot wouldn't give users any advantage for abusing bonuses.
Bot always sends the tips back to sender, minus fees if exchanged, or the same amount & currency if it wasn't exchanged for 2 hours. And Stake is aware of the bot, so it should be fine.
I personally play on Stake as well with my personal account, and I've made it clear to Stake the bot will not claim any bonuses, has all promotion and rain etc. features turned off.


...
Or, perhaps in the future (Stake) seeing these services have such a big transaction.

Due to that, they created an exchange service on (Stake) with around a fee 2-5% on their casino. After that, the service provider will be closed by their own due stake already having their exchange system without blocking the the account.
..

Thanks for your comment, you've explained it really good. Yep, if they decide to add a swap/exchange feature themselves, well, goodbye Poorbot Cheesy
legendary
Activity: 2604
Merit: 1251
-snip-
Or, perhaps in the future (Stake) seeing these services have such a big transaction.

Due to that, they created an exchange service on (Stake) with around a fee 2-5% on their casino. After that, the service provider will be closed by their own due stake already having their exchange system without blocking the the account.

IMO, no need to block but take these as the suggestions for casinos for their service.

-snip-
Nope, there is no correlation with these. It's just tipping (Multi-account based on device + IP) meanwhile bonus abused is based season each individual activity.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
I’m not sure if this question is already asked so just forward me the answer if there’s already existing one.

I’m not a regular Stake player but my concern is how do you deal with account that commit violation of terms such as bonus abuse? Since you are not affiliated with Stake, is there any incident that accounts was linked to the other one just because they use the bot? I’m referring to the potential connection of account with violation to regular gambler that both use the bot at the same time.
copper member
Activity: 34
Merit: 8
Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.
Hi, that would be some extra work for users, but it might be possible to add that option, along with no registration exchange. However as I explained this is a very rare case and shouldn't cause issues. Thanks for your suggestions!


I have another question apart from Stake, any plans to integrate other casinos? There are a couple of big names who have their ANN already in the forum and there are many users from the forums that are active on those platforms who use Bitcoin for gambling.
Thanks for your comments! Unfortunately I'm thinking to stick with Stake for now.


I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.
I think this is just getting overcomplicated just because that info message was put there.
Someone who sees your tip to Poorbot can do that thing we're talking about (even though they'd gain nothing and just be a nuisance). Private tip to Poorbot completely eliminates that "issue".
The option in the form is for Poorbot's tip to you, and that is completely fine. Some people like to make it publicly shown and some not.

With Dinabot for example, you need to create an account, and then verify it's yours by tipping it a random amount. It's extra work. Poorbot requires no registration.


But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.
...
I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.

Hi, thanks for your concerns, but it doesn't break the rules. This works by tipping feature, in order for an user to have a usable balance on Stake, they must complete their KYC process anyways, and exchanges are sent back to the same user, so there's no concern about that.
Regarding the Fair Use part, I've already been in contact with relevant people from Stake and they are aware of the bot already. Of course they cannot vouch for it, or "approve" it officially, for obvious reasons. As long as the bot works as expected, they have said there should be no issues. The relevant processes has been completed on the bot account also.

hero member
Activity: 1498
Merit: 785
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.
Yes, stake.com has a large number of users, and I think many people have stake accounts even though they rarely play there. so their target market is loyal stake.com users.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

Quote
....

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.
Now this is a concern in the future, when some users have started to like this service because they often continue to do it, suddenly stake.com finds out about this service without permission, it could be that the casino will close its account and expand to other users, maybe? This is my own thought, but I'm sure this party has another statement.

Although I like this kind of service.
legendary
Activity: 2604
Merit: 1251
-snip-
I don't think (Stake) will approved.

Or they don't simple care about these, they will always answer you (Not recommended using these service, for safety purpose). However, these service is just based (Trust) can be running without needed approval from the casino.

But, keep in mind you should know the risk and worst scenario (getting scam, or the service is running). My advice, just exchange the lowest amount you can afford.
legendary
Activity: 3304
Merit: 3096
This is an awesome Bot, even it's too good to be real.

But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

Quote
7. DEPOSITS

7.5 You should only deposit money into Your account for the purpose of You using such money to place bets/wager on the Website. Stake is entitled to suspend or close Your account if we reasonably believe that You are depositing funds without any intention to place sporting and/or gaming wagers. In such circumstances we may also report this activity to relevant authorities.

7.12 Funds cannot be transferred from your Stake Account to the Stake Account of another Player.

8. WITHDRAWALS

8.3 All withdrawals must be done through the same payment method chosen by you when placing a deposit, unless we decide otherwise or are unable to do so. If you deposit using a number of payment methods, we reserve the right to split your withdrawal across such payment methods and process each part through the respective payment method at our discretion and in accordance with anti-money laundering policies and regulation.

16. FAIR USE

16.1 The Website and Services may only be used for recreational purposes by placing bets and wagers on events and/or gaming products.

17.4 You are not permitted to:

c) enter, access or attempt to enter or access or otherwise bypass Stake’s security system or interfere in any way (including but not limited to, robots or similar devices) with the products or the Website or attempt to make any modifications to the software and/or any features or components thereof;

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.
hero member
Activity: 2520
Merit: 783
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.

It's undeniable that there's a lot of Stake users around the globe that's why they target them so that those people could think about that there is an exchanger exist that focusing to do business with them. For sure there's also gambler which usually play on other casino seeking some service like this and if they could just add the other popular casino or maybe make it as free to all exchanger then provably maybe they get a best result for that.

For now lets see how they can go well since if they can satisfy those people who want to test out their site then provably they can earn some good reputation from that. So they should focus to market well their site so a lot of people could able to notice the existence of this new exchanger.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.
hero member
Activity: 1498
Merit: 785
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
If you post your BTC tip publicly, someone could enter the site and fill out the form, "on your behalf", and exchange it to ETH instead, since there's no other (practical) way to validate whose tip it is. A possible "attacker" would gain nothing from this but just annoy people.
Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.
I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.

I may need a bit of explanation on this, if non have been given before, what are the possible benefits of posting an exchange request publicly?
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