Bitcoins.casino Part 2: Another Altcoin Will Come Along to Replace BTC
Coin News Asia: What can you say about online gambling laws and cryptocurrency legality and regulation?
Robert: We are Canadian based and there are no real gambling laws and regulation is fairly limited. Canadian government basically lets us gamble online as I see fit, tax free. With Bitcoin being perfectly legal here though, I still need to pay taxes on the ones I earn and sell. In the USA, I know players are taxed on their gambling winnings and Bitcoin allows them to bypass this by utilizing the anonymity portion integrated into Bitcoin. Despite not being truly anonymous, small time gamblers can sneak some gambling earnings past their government, which we don’t necessarily condone or agree with.
Can we go on about Seals of Clubs? This will be an ongoing issue for years to come. There are many pros and cons; we think it’s just still fresh and in the early stages as many things have to be worked out between politicians and the gaming community.
CNA: Do you think it is hypocritical when Bitcoin supporters who are critical of banks are also critical of altcoins?
R: Everyone is a hypocrite in one way or another whether we realize it or not. We try not to judge based on these types of things because we all do it from time to time. Bitcoin is not perfect and there are good ideas built into other altcoins such as Neucoin solving bitcoins flaws for micro transactions. Bitcoin can possibly be the future but if China wants, they could make that a real possibility. I do believe that another crypto currency will come along to eventually replace or even compete directly with Bitcoin but when that will happen it’s clouded by the fog of time.
CNA: As most Bitcoin professionals out there, do you have a Bitcoin price prediction?
R: I don’t really know. I’d like to see it push back up to where it was a few weeks ago Von B Roberts and John Sherlock of Bitcoins.casino think it has true potential to break the $1,000 barrier again very easily but this is all dependent on vendor acceptance. It could also crash overnight. It’s very volatile but that’s what makes it fun.
CNA: What can we expect from your venture in the near future?
R: We can expect more casino’s to approach us and compete for top positions in Bitcoins.casino the advertising and reviews will pick up dramatically in the next few weeks we deal with some of the most top Bitcoin casino brands and the competition has been fierce thus far.
CNA: Finally, for those who don’t get Bitcoin, do you have any suggestions?
R: I assume by this you ask what we would say to those who don’t understand what it is. I would tell those people that it’s the currency of the internet. It’s fairly anonymous and prevents a lot of flaws found in current fiat currencies like hyperinflation. I would recommend it to them as a relatively safe investment.
We play a lot of poker with Bitcoin and spend winnings on cool gadgets online, and real world things offline. If you ever need a fair Bitcoin gambling reviews visit us at Bitcoins.casino, this is your place to go find the best one’s! We’ve tried them all.
CNA: Thank you very much, Robert.
Know more about the iGaming situation in Bitcoin Asia here at CNA.
Disclaimer: Customers should do their own research before committing to any gambling activity. They are the one to be held liable for infringing the laws of the land they are residing in. Thus, Coin News Asia is not responsible for any losses sustained in willful participation on our featured gaming platforms.