Post
Topic
Board Gambling
Re: 🏈 Nitrogen Sports 🏈0.001 BTC Free Bets for College Football Bowl Games! 🏈
by
KGambler
on 27/12/2017, 15:30:09 UTC
I agree something absolutely needs to be said by nitrogen about bitcoin cash. It has been months since last thry spoke about it. Sooo

Nitrogen, what is up with OUR forked coins?

Hi Layla99,

Nitrogen Sports wants its players to know that when Nitrogen decides to integrate BCH, balances at the time of the fork will be honored in full. We are currently evaluating the timeline for integration and will issue an official statement once a development is available on that front. Thank you very much.

- Mayce



That's nice to hear, although more specifics regarding approximate timelines would be nice.  Thank you.

Please answer the following question:

Do you sequester 100% of customer funds?  If so, do you keep it all in Bitcoin at all times?

With the recent huge runup in the BTC price, I am worried that any site that doesn't both sequester customer funds and keep them 100% denominated in BTC is insolvent.

Hi KGambler,

Our internal payout policies are structured to minimize player payout risk, and it of course accounts for movement in the price of BTC.

We've been around since 2012, which is like centuries in Bitcoin-time. We've never had an issue with payouts, and will continue to lead the way as one of the world's top crypto-only books.

Thanks,

- Mayce


Yikes.

That's a terrible answer but at least you guys are honest.  If you spent or converted to fiat any significant portion of your clients' BTC, you cannot be solvent.  The math is simple.  BTC is up 50 fold this calendar year.  It's like trying to run a book where your clients deposit and withdraw in USD but you convert the USD you hold to Venezuelan Bolivars for your own usage.