Post
Topic
Board Gambling
Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC
by
tspacepilot
on 04/05/2015, 16:25:30 UTC
Will accepting altcoins make a difference?

Probably it will , as altcoin that arent regulated yet might be consider just as a token or like monopoly money. Although some countries specifically banned online gambling so it will not make a huge impact for some country

Is that the reason why JD is using clams because it is allowed in US? I don't understand the reason behind this suggestion.

Tried to dug for old post and I found this post describing what happened to JustDice and the reason of it accepting clams
https://bitcointalk.org/index.php?topic=238613.msg9853803#msg9853803, I think this posts sum up on what happened at JustDice

Couldnt find anymore relevant post regarding this , perhaps you can ask dooglus personally about this

Ah.. I see. I think I get it somewhat now, since some of the altcoins cannot be yet exchanged directly to USD, they're overlooked by concerning authorities (for now), even when they are used in a Casino.

Right, everything that can be traded into fiat is usually regulated. So to avoid things being regulated one might switch into other coins just like JustDice with its clams. For Primedice cases, I dont think that they might be switching into altcoins as I believe the US players just a small fraction from their regular players .

-snip-

Thankyou for this posts Lorenzo !

While you guys aren't wrong that a switch to some altcoin or another might help to make Stunna feel better about some potential future regulation, I think it's a non-starter for him because he's been adamantly against altcoins in the past.  I remember one of his ads on this forum had the tagline "No, we still don't accept __coin."  Ie, he's a bitcoin only guy.  The other thing is that he seems to have quite a thriving business and his move seems preemptive.  Ie, he's in no trouble yet and he's simply making moves to ensure he doesn't have any future trouble down the road.