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Flatzem888

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Posts posted by Flatzem888

  1. 10 minutes ago, cocopop3011 said:

    Guys I’ve had an absolute nightmare the last few days! My laptop broke, and I’ve not been able to sign in on my phone! I’ve just managed to get in using a different browser. I’ve got a new MacBook which I’m setting up now - so please bear with me. I need to relog into everything and catch up! 

    what do you mean your laptop broke (that was your windows laptop right).. was it hardware or software related... 

  2. I asked AI about this ; 

    When you play at a crypto casino like Gamdom using a cryptocurrency like Litecoin (LTC), the platform typically manages the conversion between your crypto and a display currency (like CAD) to make betting more intuitive.

    Here is how the system generally handles the "fluctuation" issue you are describing:

    • Internal Fiat-Like Balances: Many casinos that accept crypto do not necessarily "convert back and forth" every time you open or close a game. Instead, they often use a hybrid system where your deposited cryptocurrency is internally accounted for as a fiat-equivalent balance. This allows you to place bets in a consistent unit (like 100 CAD) without needing to manually calculate the real-time value of your LTC for every spin.

    • Volatility and Your Account: Even if the casino displays your balance in CAD, your actual underlying asset remains the cryptocurrency you deposited. Because of this, if the market value of Litecoin drops or rises significantly against your display currency, the value of your account can change even if you haven't made any bets. This happens because the casino is holding your funds in the original crypto asset, and your "CAD balance" is essentially a real-time estimation based on current exchange rates.

    • Automatic Conversion at Withdrawal: You generally do not have to worry about converting back to crypto when closing a slot; that conversion is typically handled at the system level. When you eventually decide to withdraw, the casino converts your current internal balance back into the original cryptocurrency (LTC) based on the exchange rate at that specific moment.

    Key takeaway: The "CAD" display you see is a convenience feature. While it makes betting easier to track, it does not lock in the value of your coins. You are still effectively "holding" the underlying cryptocurrency while playing, so your total account value will still fluctuate with the market, regardless of whether you have a slot window open or closed.

    If you want to avoid this volatility while playing, many players choose to deposit or convert their funds into stablecoins (like USDT or USDC), which are pegged to fiat currencies and do not change in value like LTC or BTC.

  3. 7 minutes ago, loceff13 said:

    The issue is I played on a casino that lets you deposit crypto and hold/play it as crypto onsite hence it's invalid.

    Essentially while I was betting 10c CAD equivalent it was an actual bet as LTC on Gamdoms backend. At any time I could have withdrawn it as LTC as it was still LTC. 

    I had my win, contacted live support as Gamdom has no gamelog onsite(apart from their own titles) and in the 15-20min since I won a small shift in LTC price meant the Gamdom support provided proof of a win 4c CAD lower than my actual win(live conversion from LTC). I figured it out that it was likely invalid and pointed it out as I'm not trying to mislead/break the rules here. I don't have an issue with a ruling that it was invalid.

     

    Even depositing 'real money' on Gamdom it's probably possible to run into the same issue(but less likely), ie you deposit 100EUR and select CAD to play with(could be switching between USD, NZD, AUD etc). Hit your win in CAD(which is live converted from deposited EUR) and a day later request a gamelog which is calculated on the live EUR-CAD price where now theres a difference like I had. Its mostly an issue on casinos where you can change currency in real time and theres a delay in obtaining a gamelog.

     

    The vast majority of casinos that accept crypto use payment processors that takes the players crypto and gives the casino real money which is then credited to the players accounts as real money. The source of funds has no impact in this scenario. 

    any casino that doesn't have game logs for the player to check is a red flag. there is no excuse and I am fed up with casinos that don't have it or have a cap on how many spins it records in a day.

  4. 2 hours ago, Afi4wins said:

    Simple...because you play a lot of different games, so you'll get those 69s from them too.

    it's completely normal 69's happen just like 68's or 65's .. or any other two numbers...  but what about 3's .. the other day I had a file that was 3hours33minutes3 seconds long.. and it was 3.3GB in size.

    anyway about the 69's

      

    image.jpeg.78fc1d90dac07ff74c3ce120187b1698.jpeg

     

  5. as countries increase casino restrictions, then crypto is an option for deposits and withdrawals but they can track everything these days. crypto is not anonymous anymore cause when there is fiat involved then it shows up on the records. from July 1 there is some new crypto laws for the EU. 

    Key Implications

    • The "Grandfathering" Period Ends: Many crypto-asset service providers (CASPs) were previously allowed to operate under national licenses while transitioning to the new EU standards. As of July 1, those temporary permissions expire.

    • Mandatory Authorization: Any platform offering crypto services to EU clients must now hold a formal MiCA authorization. There is no "pending" status that allows a firm to operate while its application is being reviewed—if a firm does not have the license, it is effectively in breach of EU law.

    • Unified Passporting: Once a CASP is authorized in one EU member state under MiCA, it receives a "passport" that allows it to legally offer its services across all 27 EU member states under a single set of rules.

    • Market Exit for Some: Firms that failed to secure proper authorization by this date are required to stop serving European customers or wind down their operations. You may see some platforms delist assets, disable features, or restrict deposits for EU residents.

    What This Means for Users

    • Service Disruptions: If your exchange or wallet provider did not secure its license in time, you might experience restricted access. Some platforms may have initiated mandatory withdrawal windows or blocked new activity.

    • Increased Consumer Protection: MiCA introduces strict requirements for platforms, including:

      • Asset Segregation: Clear legal separation between client funds and a provider’s own operational funds.

      • Market Abuse Rules: Explicit prohibitions against insider dealing and market manipulation.

      • Transparency: Requirements for standardized disclosures (white papers) for crypto-assets.

    • Stablecoin Oversight: Issuers of stablecoins (asset-referenced and e-money tokens) must meet stringent reserve, redemption, and audit requirements.

    Recommendation: If you hold assets on a platform that does not have clear MiCA authorization, it is highly advisable to review your account status and, if necessary, move your assets to an authorized custodian or a self-custody wallet to ensure you maintain control.

     

  6. casinos are using all sorts of tricks to keep players playing at their site and cashback is one of them and I know you hear stories of people getting cashback and turning it into a fortune, great. if you deposit and play with raw cash then cashback can apply on that. 10% or 20%. It's basically a reward for those that lose. it's an incentive to lose at the casino. But it is what it is and some people like to look forward to those cashback days to get some extra play time.

  7. 51 minutes ago, cocopop3011 said:

    Heads up! We have a provider contest starting 25th June for 1 week. This means invoices will be done the week after. I will try and get them out 6th/7th July! I would imagine your May and June payments will be paid around similar times. Even though I am doing invoices for May now we have a staff member off which will effect the processing. Really sorry again but due to my illness this has delayed the May payments. 

    which provider?

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