As sunderland already said, there weren't many active gamblers on the site near the end when the owners decided to shutdown. Giving 2 weeks was plenty for the few to wd what was left on their balance.
I was working with the site at the end managing the mods and nothing felt shady to me or I would have disagreed with the time period they gave. If the platform was super active and had hundreds of players, i'm positive that more time would have been given. I'm sure if someone had a bunch on the site( quite sure noone did) and missed the deadline, they could have gotten in touch with LB support or me and gotten a payment handled. The owners in no way were out to fuck anyone.
It seems a few forum buddies who I respect a great deal/trust had some sort of dealings with them (like yourself Yahoo), but despite this, it doesn't connect you with the owners and the site extensively unless you knew the books in and out...right? I wouldn't imagine you would have known these sort of details? It's like w/Hhampuz, that's my brother who I trust a shit ton, and I know he does all he can to vet those he advertizes for, but if a company rugged and excited shadily, I wouldn't blame him. How's he to know. Just like I wouldn't put any of what I perceive as shady from LuckyBit on people like yourself. You may have had a decent handle on active forum users, but what about those who weren't btalk members..how would you know how many of them existed and came in unknowingly to anyone, publicly. I mean closing shop like, giving less than a 2 weeks notice..shady AF IMO. Also if there were so few on the site, why would they not have reached out to everyone individually? It seems DarkStar was wronged by them, and he's a trusted DT1 member here. Also, limited withdraws to a certain amount was fd up. I get it if you're a huge casino (I GUESS), but not some small rinky dink deal like you mention. Just pay a few satoshis in fees or take it out of the balance. I dunno. Doesn't seem that unshady to me, but..I hope that I'm mostly wrong here. ( on a positive note, football is near my friend
)
I appreciate everyone elses reponses. Once I make sure I read everyone's through having to do with LuckyBit, will lock the thread.
Other things want to mention, which idiot who are storing funds in some casino? casino is not exchange/wallet (most people should deposit and withdraw) immediately after they finish the section gambling. These case only can be face, for some guy who are storing their money in casino.
Storing money in casino should be a crime, and people who do these need to go jail
There are a bunch of situations where gamblers can easily forget their gambling money for quite a while and let it sit in their account. In my case, I had a bunch of winnings together with my deposit sitting around in my account back then for a few weeks because of my luck from winning a promotion or raffle. People can quickly become busy so we can't blame them if they still have money sitting at their gambling accounts.
For a gambler to be too busy not to find not more than 20mins for days forgetting to making withdrawal of a bunch of winnings (not single win) in their gambling account, such scenario only explains one thing for me, which is that, the gambler has so much to his name already and that bunch in the account is some money they already can afford to lose.
I have also find out that many forum members are quite more comfortable leaving their money stay as long as possible in their gambling account than they will do with CEX but they are forgetting one thing that these companies are both centralized and they share same risk nature. I take pride in withdrawing my winnings to my wallet immediately I stop my gambling sessions.
If I could make time to gambling that long I should also make time for withdrawal, right?
This is utterly ridiculous to have a mindset like this. I leave sizable amounts of money on my casino balance for months at a time. I gamble a lot and I go through periods of not doing so and kind of "forgetting" about it. I'm fuckin busy in life and "to not find more than 20mins for days"... lol yeah "days' like that some huge amount of time. People get busy, brotha. I'm baffled by this logic of thinking. Pride away with your withdraws but not everyone feels the need to take them out immediately, for several very legit reasons..I can't imagine not knowing what these reasons are but hey.
With luckybit, it was a shady exit. What’s crazy is the casino closure was announced on Jan 19th & users had until just Jan 31st to withdraw balances (even worse some balances were ineligible for withdraw , such as a .001btc balance and below ..and apparently even if you tried to make a deposit to top off your balance to qualify for a full withdrawal, it was seemingly not allowed).
As one of the regulars who were active on LuckyBit from the end of 2013 to 2021, I can confirm that the platform closed their service because the owners were very busy with their real life job, also one of the founders was even very well known in the XMR community and became Monero core Dev.
At that time/2021 there weren't many players actively playing on LB because there were only 2 games Plinko and Dice (original), from a business perspective it would certainly not be good for them.
So if you say it was a shady exit - I totally disagree.
Regarding withdrawal issues, the price of BTC at that time was $30k ish and transaction fees between $17 to $25, so that's one of the reasons why there was a minimum withdrawal of 0.002 BTC.
If players (perhaps only less than 5 players affected by this) were allowed to make deposits, it would actually be in vain because the fees were quite expensive at that time, for example:
Player A has 0.001 BTC, if he wants to withdraw 0.002 BTC then he has to deposit 0.001 BTC + fees around 0.0007 BTC = that is very ineffective.
Good lord I'm amazed at the bullshit people will put up with. They are busy IRL with their jobs? Good for them, so the fuck am I and many others. This is also total horseshit as if this were the case, why were they offering bonuses on deposits up TO THE DAY they announced closing, and WHY set such a harsh and fast deadline date? You are insane to defend this shit the way you have. Yahoo's reply I get, yours, ridiculous logic.
btw transaction fees can bet set at what you want, and even one person stated that they'd like to deposit enough in their account to then fully withdraw EVERYTHING, and as far as I can see, publicly, they were ignored (waiting on if this remained the case).
) that they were closing and a deadline of final date to withdraw funds. It got me wondering , what is standard practice for closing an online casino and what laws (if any) must be followed when doing so? Is there a such thing as “international casino laws” ? (Probably a ridiculous question but had to ask anyhow)
