Topic: The most liquid companies in the gambling industry - page 3. (Read 2820 times)

I also think that, everything brings its dangers, so the decentralization of industries can sometimes produce certain things that can be very difficult and counterproductive because I have always preferred things to be done centrally, but if there is no anonymity, you have to take the risk. Furthermore, other types of things have to be done, so the decentralized thing scares me, because if I have a problem, will they take care of it all at once?

When there is a centralized casino, the tension is immediate, the only bad thing is that they require KYC and that it be done all at once, that is what I cannot conceive, for that reason it is because centralized ones as a player trust more, which is the more liquid between centralized and decentralized cases? I don't know, it may be that the decentralized one is too honest, but the topic that encompasses everything is the blessed KYC.

You can't certainly blame the government in this regard, cryptocurrency caught them unawares, so getting used to it will take time. You can't also blame them as some speak against it while others either ban, restrict or advocate/enforce strict regulation, it wasn't the same reaction by all which indicates Hope. What they've always known was fiat which is a centralised system and is what they somewhat trusted because they still have control over it despite some illicit flows. As for the illicit flows, criminals and money launderers continue to find means to outsmart the government even as the government continues to block some and unveil some perpetrator's schemes and even jail many of them. This has been the tough task the government was fighting and still fighting before and after the introduction of cryptocurrency.

Now that cryptocurrency was introduced, it became an added headache for them for obvious reasons, and if you were the top leader in the government, would you feel differently if you were genuine? As we know, it takes harder tasks to solve the puzzles of cryptocurrencies than fiats, and the common claims that criminals are using fiats are not even a contention here because the government will never deny that. But it seems people continue to reference it which is supposed not to be so because the primary concern of any responsible government is to build and maintain a sane system where illicit flows will not happen talkless of causing the financing of terrorism, trafficking and others. The only way they can do this is to get better control of cryptocurrency which is what they're trying to do these days through various regulations, and this is for the good of all as decentralisation will always come with its danger whether we like it or not.

We may not see that all gamblers are on the same page page with the approach they have on it, just as the government also cant be predicted on what they have as take on gambling as well, if we look at the gambling platforms also, we may have many things to pointed our from them from the way of their operations down to how financial capability they all have rom each other.

Some benefit and that is one of the things that Everyone must Understand , there is no Greater pleasure in a government than doing things well for them , so when the Gaming industry is so private, they have high profits and have little Participation from some entities The Government does not care About giving them bad propaganda, the case of my country where Gambling was prohibited for almost 20 years and the only way they would reopen is Because they are going to Receive money from the casinos , even so , the casinos are Still the company that makes the most money.

In this Order of things, things can be Applicable to Everything, the regulations of other countries for crypto, casinos, exchanges, all of these are industries that are very Profitable , that is why they are all the things that are done for the Liquidity of companies It has a lot to do with the things that Happen because Everyone Wants to have their share of Money.

There have always been alot of misconceptions and propaganda again cryptocurrency and bitcoin most especially which is why we see alot of attacks from various government a and some of it agencies around the world, even though all the criminal who use the fiat monetary process have been left unchecked and uncaught until now, but their are quick to sponsor hate statements against the industry today.

The government have failed in to act right to regulate the financial institutions,  and also making a misplaced priority by chasing the wrong fight.

There is no doubt about that, I personally could say that things can be very usable in terms of those who can put them to use, I know that in many cases corrupt rulers and people who have always done evil to the world have done so with fiat money, we cannot blame the fiat money for the crimes of some people, so sometimes seeing that they say that they have been robbed and that they have done things to be able to establish themselves better in terms of crypto, well it doesn't make much sense to me that they think Thanks to crypto, more thefts can be made these days, all of these are simply tools.

The things that are referred to crypto, the people who hate them invent all kinds of excuses to make them look bad, then based on anonymity and all this that they want to remove, well they simply want to remove it so that everything is exposed, and Those who use crypto, casinos and all this may be exposed.

Nice points you have there and the good part is that good and reputable KYC casinos are all over the place for anyone to choose from, which includes Stake.com, and this further validates your point because, for example, liquidity is unwavering with Stake, to say the least. The majority can never be wrong in this regard as they troop into the centralised casinos rather than the decentralised arrangement because, despite the protection the decentralised casinos offer, almost all people still prefer the centralised exchanges, and that could only be majorly for liquidity.
And when they could get what they need there, why not stick to it? Which includes the lower general fees for betting and other transactions.

It will be a long difference if we start mentioning them as many reasons are attributed to the reason for the centralised choice which disfavours the decentralised casinos and favours the centralised casinos even aside from the liquidity. Regardless, the present-day reality is the proof and also key in this discussion, and the very good reason why we should consider the centralised arrangement even as people's reason(s) keeps pumping liquidity into it.

The reason why regulators and authorities don't allow decentralized platforms and platforms without licenses to operate is because they know such platforms won't report or pay taxes, but platforms that are registered with them and have licenses are compelled to report their revenue and hence pay taxes to the authorities.

A few months back, I read somewhere in the news that authorities are looking to crack down on decentralized platforms, and if they do that, they will either get them shut or ask them to acquire a license and operate under them so that they can tax the revenue they generate from their services. So basically, there is no way for a casino or any other platform to stay safe from this and they will have to pay taxes no matter what.

True, many of these gambling companies really are liquid but because of some hot eyes on them. What they're doing is they try to be low profile as much as they can. But even they do that, they can't stop the regulators that will always find them relevant into paying taxes.

Yeah, there are a lot of them that have started small and then the business boomed and clicked and everything is a history.

Many of those that have also got their announcement threads in the forum and as we can see, there are still a lot coming in. While the existing ones, we've known them on how they are already popular in here.

Absolutely right. 
Of course, blockchain technology in general always allows you to accurately trace the entire sequence of data on where and where cryptocurrencies are moving, where and how they are exchanged, and in general the entire financial history of their use by a specific person or organization. 
For this reason, in terms of maintaining anonymity, of course, cryptocurrency is inferior to cash and paper money.  But cryptocurrency is significantly superior in anonymity to ordinary bank transfers and the use of plastic cards, even non-personal plastic cards.  And as we found out, anonymity is sometimes needed by any person, and I’m not talking about some kind of money and transfers from scammers and criminal transactions.  These also exist in large numbers, of course, but it seems to me that 99% of criminal payments use paper cash or complicated regular bank transfers. 
But of course, I don’t know the real statistics on the use of cryptocurrencies by criminals. 
I also think that its importance in the criminal world is clearly exaggerated by the representatives of the security forces themselves.  This is logical and it kind of comes to mind when justifying the complexity of law enforcement work for their own marketing purposes.  And therefore this is an excuse for receiving a lot of money from the country’s budget to combat such crimes.

Really? I think you guys are now deviating from the main goal here. Such a discussion like bankruptcy is not the subject here and no company in any field can be exonerated from this, so it is not necessary but the liquidity's importance and relevance in casinos. All companies are trying to manage their situation and continue to get relevant in the industry, so I do not think it should be the main concern in this context. This is also the reason why we should be so vigilant and attentive to the news and development around the companies we are dealing with and also go for those companies that are strong and well-planned and not those who put it quickly together because of the money they want to earn fast.

We cannot overemphasize the importance of liquidity in every company as it measures their strength and greatness in the industry. A good company should be able to overcome the test of time, and you can see what happened to Stake.com last year when over $41m was stolen. It's obvious that most casinos will not be able to survive that, and this shows how liquid they are and also how prepared they are for the casino business. Also, one must try to know the capacity of the company they deal with, and what they have for them in case of issues, especially when the company is stressed. This is why it is good to always go for the best that are fully prepared. I mean those who will still reimburse their customers even if issues happen because they have insurance and also distribute/plan their risk properly.

We know quite alright that gambling companies have this money but they have decided not to go loud about it because they don't want the eye on them to set target from the government regulations and the likes, there are some as well in which this category of gambling platforms are just coming up in building an environment of trust that will lead to their stay and with time they enlarge in coast with what they offers, this are the kinds that started small and mean business and later got developed whereby money is never a problem for them anymore.

All this is very true, I personally always make any type of payment that involves taxes or something like that, and it is better to do it through normal payment with the same local currency, it is much better, sometimes paying with foreign currency It can be synonymous with They Subject us to a possible investigation, however I know that in many Countries in the world what matters is that they have dollars to be able to pay and carry out all these processes in the best way, I have always said something, yes I am in a sensitive country about it , it is best to pay with local currency to avoid future inconveniences.

For those who want to maintain anonymity, it is recommended to use normal fiat payment, for payments with crypto it is not highly recommended to do so because in general they always indicate or usually ask for the person's data, then this is recorded with all the data, and when it is payments that the person makes with bitcoin because it is an indication of monitoring them.

It is likely that the massive offensive of financial clans and, after them, governments, which are not elected by the people at all, but who are put in charge of the countries by these very clans, will continue.  Democracy in its classical sense can now apparently be forgotten and not remembered.  And such an attack on human rights obviously leads to complete total control over the financial transactions of ordinary people.  It is also obvious that as Bitcoin and cryptocurrencies become more and more common in legal payments, for example due to the legalization of spot Bitcoin ETFs, the implementation of KYC by these financial clans and authorities will intensify.  And this primarily concerns the gambling industry, this goes without saying. 
Even I don’t really imagine how to defend my right to anonymity in crypto payments in transactions such as cryptocurrency being exchanged for local fiat money.

Both new and old casinos have the right and ability to build on their liquidity and at first glance we shouldn't take liquidity availability to mean what detrermind what make a casino a reputable one because it goes beyond that and it cought across to how much is the casino paying as in their highest withdrawal in history and how their keep up with the issues of paying for huge winning and what pressure their put the gamblers through before they get their funds out.

Also how their approach is to none verified users who are acting right and accordingly to the lay down rules of the casinos which most time states that benchmarks for kyc is 5k and above both in deposits and withdrawal attempts.

I think the above make up for more when building a reputation as both a new casino or an old one who want to make attempts to build on what is already on ground. Liquidity can be manipulated but then it means alit also but not the primary factors.

What I think it refers to is the situation that not everything lasts a lifetime, and that is something very true, you have to take advantage of the moments where the situation for some betting houses can be very profitable and when the companies win and They get their money paid, it is a casino, and casinos can go down due to any type of error, it is a company that when it does not receive good administration or attention everything can go down, that is what it means.

The circumstances that exist today are not the same as those of a few years ago, and that has to be seen, I am a person who has learned to see things that way too, because it is easier to take advantage of good things, and it is not They do so many things so that they can generate conflicts Regarding money, what drives everything in these industries is money and that is only the case of the rise or Bankruptcy of a casino.

I've got your point from here, however, should we make the standard of liquidity as our major basis for determining the reputation of a gambling company and such should be used in selecting for one or we should not only rely on that, we have to see them pass the test of time and see how reliable they could be in terms of quality gambling services and trust we have in them.

Well, really that is the ideal, generally I see USA as one of the countries with the most power in the world, in fact after the Second World War they have great respect from everyone in the world, and this is reflected in their currency that, as you say, is the one that manages finances worldwide, everyone works to obtain dollars, and that is a hegemony that has always existed, therefore it is something that will be seen as one of the most powerful countries in the world, and that is why it is that KYC is one of the things that they want to control, well not only them, I consider that the great powers are also on top of this, none of them are interested in private economies developing and achieving financial freedom, that is something that they do not allow themselves, and given this, they begin to take the main step which is anonymity, privacy, something that they will not allow.

Regarding  crypto payments, well that's what you say, I hope that these processes due to their KYC slow down and don't focus so much on it, previously, back in 2017 the importance of bitcoin and crypto was not considered so much , but since it is now very much worth money, they want to take slices from there.

I think that the example with the elections in the USA, when two old people are going to be elected president and there are no younger candidates from any of the leading parties in the country, this all reduces the image of the USA on the world stage and many countries will no longer consider the legislators of the USA as the base  legislators for the whole world. 
Gradually, the role of the USA in the world is decreasing. 
But their possibility remains of issuing the world currency $. 
But the role of this currency as a whole in the world is also declining. 
But what path other countries will take when regulating their financial systems and in particular the balance and ratio of anonymous/personalized payments in cryptocurrencies is a big and interesting question. 

I do not completely rule out that anonymous payments will continue to exist for a long time.  There will also be pseudo-anonymous payments in cash for a long time.
 All these processes directly affect KYC and the spread of this procedure throughout the world.  Let’s hope that the onslaught of KYC on crypto payments will slow down or perhaps begin to gradually disappear altogether.  And now there is already too much de-anonymization in crypto payments.

I don't know if this has much to do with KYC, but it seems that everyone looks for centralized casinos because the attention is immediate and problems can be resolved faster than casinos that are decentralized, but seeing the cases that exist it is very different when things are done when investors need to have their money safe, because you are right about that, casinos that are centralized tend to give trust, in a decentralized casino and in centralized exchanges I also trust more because any problem is easy solution, in a decentralized casino or in a decentralized exchange things are harder, because service usually takes longer.

Hours and days that pass with our money on a platform without giving a solution to anyone despairs, then this is the advantage that these sites have.