Post
Topic
Board Gambling
Re: Running a casino during crypto crash
by
o48o
on 21/11/2022, 23:07:18 UTC
OP is right, I saw that most people are saying things like: "I don't care because the casino has been on the market for a long time and they are reliable" but actually what OP is saying is something very serious and he should be implemented by all casinos, for example: if a casino states that it has 20 million dollars in reserve (this money will no longer be included in the casino expenses), that means that people could follow it closely whenever that value oscillate (increase or decrease) and this guarantees that customers will have money to withdraw because the casino's finances are healthy, if for example there is a scam accusation in which someone complains that he is not managing to withdraw 5000$ all people will see that the casino has money to pay so the case is not about the casino not having money to pay, there may be another reason
You must have misunderstood me, i was talking about the exchange aspect. Casinos don't have such bank runs because people can't just deposit an altcoin and try to withdraw it as something else. They can withdraw exactly what they deposited. Crash doesn't affect their monetary system as they don't have leveraged trading so they don't need extra usdt for trading.

Also casinos have a trust system in here.
And we are talking about multi million dollar businesses. 5k is nothing to them, if it would be, there wouldn't be much users in there anyway. That's why we are asking for real proof of someone getting scammed. Because withdrawal issues would happen to several people if they would happen. I can't see any sane reason for casino singling one player out for petty $5k and risking their whole business that way.