Post
Topic
Board Gambling
Re: BetcoinCasino.com-Betcoin.ag-DICE - 100% Bonus!480 BTC jackpots
by
CL-Ed
on 09/08/2016, 00:41:05 UTC
 Roll Eyes

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You do not have to funnel Bitcoin transactions through a registered company, as it is a decentralized and anonymous system. Furthermore, Bitcoins are in many jurisdictions not considered as a currency and therefore no need to register a company in Hong Kong for tax evasion purposes.

How do you think that they are going to spend the Bitcoin that they fleece from players? Despite what Bitcoin evangelists would like to believe we're not at the point where you can live on Bitcoin, and especially not when you're talking about large sums of cash. I guarantee you that they will be converting their Bitcoin to currency at some point. Seriously, you can't be that thick can you?

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Betcoin is in the business of offering gambling services to Americans, so they have been very careful to not reveal the associated company names.
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Bs at its best!

First of all, the problem is not offering gambling services to Americans in non regulated states, the money transfer to and from gambling companies is prohibited.

Secondly, there are several companies licensed in Curacao and offer gambling services to Americans and also state the name of the operator and the license seal.

Thanks again for more evidence of your charming personality. What exactly is "BS" about saying that they accept business from Americans (true) and that they have been very careful to not reveal the associated company names (again true)? It is the exact opposite of "BS". Do you even know what the word means?

Don't presume to lecture me about online gambling laws in the USA. I'm pretty sure that I have far more experience in this area and know more about it than you do. Legal arguments that vary from state to state aside, no unlicensed operator that accepts money from Americans for gambling wants their details known to the U.S. government who have shown their willingness time and again to aggressively pursue operators irrespective of the laws.

Sure there are "several" companies that license in Curacao and reveal a company name, usually an untraceable shelf company with offshore directors, but so what? By your own admission, there are many others that don't. What is your point?

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No. It is not an indication that betcoin.ag is hosted in Curacao! You can not host a gambling company in Curacao without having a license there.

That may or may not be the law but it is certainly not reality. There are countless sites that are hosted in Curacao without any kind of license. Many cite a license held by their software provider (eg Betsoft) but have no specific license of their own. Others are just plain unlicensed. Do you know the meaning of the word "indication"? I'll give you a hint: it is not a certainty.

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The sole intent of the Curacao statement (there are no Terms of Service) and the Hong Kong statement about governed by bla bla, is to mislead potential and existing customers. They imply that betcoin.ag would be governed by authorities and that there would be a "legally binding agreement" with the possibility to claim and enforce your rights, while in reality there is nothing, zero point zero!

Whether they are or are not governed or subject to the laws of either country, or whether they are intending to mislead is irrelevant. Who are you going to sue? There is no company name, director's name, physical address, mailing address, phone number, or anything else that you can use to tie them to someone you could sue. So arguing about whether the statement is true or not is ultimately pointless. There is no way to sue them or take them to court at present so you need to find another way. Perhaps you could take Betsoft or Cloudflare to court and compel them to reveal the names of their clients?

You see, I am broadly agreeing with you in that their terms of service are legally unenforceable. I have seen the same thing countless times over a decade working in this industry. However you plainly think that you know a lot more than you actually do and calling what I say "BS" when I am trying to help you out is rude and counterproductive. I would hate to see how you speak to someone who disagrees with you.