Why You Can’t Bet With Bitcoin at Online Casinos in the US

Why You Can’t Bet With Bitcoin at Online Casinos in the US
фото показано с : news.bitcoin.com

2019-7-21 00:30

Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in online gambling as politicians from the ‘Land of the Free’ stop them from making bets with their own money.

Also read: Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

Government: Here to Tell You What You Can and Can’t Do With Your Own Money on the Internet

Online gaming with bitcoin has been around ever since the digital currency was launched. Back in the early days, players used well known gambling sites such as Satoshidice, Sealswithclubs, and Just-Dice.com. These websites have seen large amounts of players and millions of dollars worth of crypto bets using these platforms. In fact, six years ago today Erik Vorhees sold Satoshidice for 126,315 BTC, which at the time were worth $11.5 million. However, even though there’s a bunch of bitcoin online gaming sites today, most people in the U.S. cannot participate as online casinos block residents. So when a person is inside the country, usually the online gaming site’s server can tell that their IP address stems from within the U.S.

Bitcoin.com’s Bitcoin Cash Games offers provably fair gaming for citizens not living in the U.S.

For instance, when a visitor from the U.S. visits Bitcoin.com’s Bitcoin Cash Games, they are greeted with a geo-blocking message explaining that they cannot play any of the games with real money. However, visitors from the U.S. can play with test tokens for fun on the BCH gaming casino.

“Our servers have detected that you are trying to play from inside the USA,” explains Cashgames.Bitcoin.com. “Unfortunately strangers living in Washington D.C. think that they have the right to tell you what you can and can’t do with your own money on the internet.” The message adds:

Because they would likely hurt us if we were to allow you to play on our provably fair site, we’ve had to disable deposits for USA players.

Thanks to All the Patriotic Acts GW Bush Pushed Through, Law Enforcement Can Criminalize Anyone Offering Online Gambling Services to US Citizens

It’s odd that the country that supposedly promotes freedom does not allow its citizens to do what they want with their money online. At the moment, there are four states that allow regulated online poker: Delaware, Nevada, New Jersey, Pennsylvania, and Native American reservations as well. The reason why people don’t play poker or gamble online in the U.S. is because of legislation called The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA). The act passed in congress and was signed into law by then President George W. Bush. The law is tricky and was tacked onto the year’s Port Security Bill and excluded fantasy sports websites that meet certain regulatory requirements. Essentially, the law does not prosecute individual Americans but rather aims its sights at foreign companies and offshore gambling operators. UIGEA gives U.S. law enforcement the power to criminalize anyone offering online gambling services to U.S. citizens.

Many people think it’s foolish that U.S. residents cannot participate in online gambling because Americans love to wager. Plus there are legal regions throughout the country like Atlantic City and Las Vegas where people can go to gamble in person. But because they are so far and few between, millions of people don’t have the ability to get to a casino. So Americans often wonder why certain states allow online gambling, while the majority of them do not.

Online gambling could boost the U.S. economy if the UIGEA was repealed because currently the majority of online casinos operate overseas. The money would be funneled into the U.S. economy by millions of people who want to wager, while also creating jobs for people who specialize in customer service and software development. Even though the UIGEA was enacted in 2006, there have been many attempts to provide casino games to Americans. For example, in 2011 U.S. law enforcement agencies busted three extremely large online casino operations — Full Tilt Poker, Pokerstars and Absolute Poker. According to prosecutors, the websites violated the UIGEA and law enforcement said they fooled financial institutions into processing billions that stemmed from Americans gambling on the platforms.

Maybe It’s Time to Reject the Small Number of Humans Called Politicians?

Libertarians reject the reasons why the U.S. government has banned gambling and believe vices like drugs and wagers are not crimes. The reason why U.S. residents can’t gamble online in the country is because the government uses a monopoly of force and coercion that only allows citizens the right to play state-operated lotteries and regulated platforms. Because of this system, politicians have more opportunities to take funds when it comes to state lotteries and tax companies that are regulated. If they were to legalize online gambling, they would have less control over these types of funds and revenue would be siphoned from approved operators. In a world based on voluntary consent, a small group of elected officials wouldn’t be able to inflict their unfair rules on the rest of humanity. The philosophy of Voluntaryism asserts that all monopolies that use force as the means to gather certain ends is immoral.

In order to promote the idea of voluntaryism over the use of force, coercion and violence, Bitcoin.com’s Bitcoin Cash Games not only apologizes to U.S. residents for being unable to play, but provides a short video called “Government Explained.” The video has been viewed over 668,000 times and involves the story of an inquisitive alien that visits the planet to check on our progress as a species. The alien finds out that humans live under the rule of governments, which do a lot of things that we as citizens do not approve of like pollute the earth and cause endless wars. After a few initial questions, the alien wants to understand more about what government is, what it does, and why it exists.

The video “Government Explained” was produced and voiced by Graham Wright, based on part of the talk by Larken Rose at the Free Your Mind Conference 2011.

“Let me get this straight — Because you’re worried about the small number of nasty people that are willing to kill, enslave and steal, you think it’s necessary for your survival to have a system where some humans among you, for a short while, get to call themselves the government, and they get to order everyone else around like slaves and, if they want, commit mass murder, using money they stole, using threats of violence?” the alien says. “Politicians get to kill, enslave and steal because if they didn’t, someone else might? And you try to elect good honest people to be politicians but what happens every time is that the people you elect turn out to be corrupt, evil, lying crooks — That’s your system?” The human describing the way governments work responds by admitting:

Yeah, that’s pretty much government.

If you question why the U.S. government prohibits online gambling, then you should check out the video Government Explained, written and voiced by Man Against The State’s Graham Wright. The story is based on part of a talk by Larken Rose at the Free Your Mind Conference in 2011. Since its release, the video has been translated into German, Spanish, French, Polish, Slovak, Slovenian, Greek, Russian and Chinese. Vices are not crimes and people should be able to spend their funds the way they want, at any time they want without a body of politicians telling them they can’t. Cryptocurrency-powered online casinos will continue to grow popular over the next few decades and it’s a shame that citizens from the so-called Land of the Free cannot participate. All because of a small number of bureaucrats from Washington D.C who claim to be protecting people from gambling abuse and getting victimized. Ironically, representatives have no issues with state-operated lotteries they control because it creates a lot of revenue for the state.

If you want to learn more about voluntaryism check out these websites: Voluntaryist.com, Man Against The State, and the essays Vices are Not Crimes and No Treason by Lysander Spooner.

What do you think about the fact that U.S. residents cannot play at online bitcoin casinos and wager their cryptocurrencies? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Bitcoin.com, Bitcoin Cash Games, Government Explained and Pixabay.

Want to create your own secure cold storage paper wallet? Check our tools section. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely.

The post Why You Can’t Bet With Bitcoin at Online Casinos in the US appeared first on Bitcoin News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Dollar Online (DOLLAR) на Currencies.ru

$ 0.0024551 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 3.00 %
Cегодня L: $0.0024551 - H: $0.0024551
Капитализация $1.851k Rank 99999
Доступно / Всего 753.776k DOLLAR

bitcoin online gaming casinos bet fair however

bitcoin online → Результатов: 126


Фото:

How to Sell Anything for Bitcoin on Your Website

Selling things for bitcoin online doesn’t have to be hard. In fact, it shouldn’t be, given the decentralized nature and low fees of peer-to-peer electronic cash. For beginners and DIYers new to the world of creating an online bitcoin or crypto marketplace, this article seeks to provide some basic pointers and new resources to get […] The post How to Sell Anything for Bitcoin on Your Website appeared first on Bitcoin News.

2020-1-7 11:00


Bitcoin Scams: Singaporeans Losing Thousands of Dollars to Crypto Fraudsters

Singapore authorities recent report that residents have lost about $78,000 to fraudulent online platforms in three months. Online Cryptocurrency Scam Using Fake Personalities The Straits Times reports that Singapore residents have fallen victim to some online Bitcoin scams in a couple of months, losing up to $78,000 between September and November 2018.

2018-12-6 11:44


Omicrex Exchange: Is Omicron Trust A Crypto Scam Or Legit?

What Is Omicrex? The new exchange is for trading Bitcoin, Ethereum and other significant altcoins. It’s an online exchange platform to help you exchange, buy or sell cryptocurrency tokens. Another purpose of the platform is to monitor personal crypto-holdings in a convenient place without real-time price watches. Before I get into this, it’s important to […]

2018-7-24 14:30


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


CheapAir Announces Partnership With New Bitcoin Payment Processor

Online travel agency Cheapair announced that they resumed ticket purchases with Bitcoins after an indefinite suspension of such service a few days ago. Up until July 13th the company worked with Coinbase as a payment processor, however they had to suspend BTC operations after a series of problems that ended with Coinbase discontinuing its support.

2018-7-16 22:07


Litecoin and Bitcoin Cash could Smoke as Robinhood decides to add them

The competition for who will be the leader in online cryptocurrency trading platform was increased as one of the major platforms Robinhood announced an update in its trading platform. Although the market presently is sluggish and many did not expect this to happen presently due to the bearish nature of the market, that they will […] The post Litecoin and Bitcoin Cash could Smoke as Robinhood decides to add them appeared first on ZyCrypto.

2018-7-13 22:23


Chinese Police Seize $1.5 Million Worth in Cryptos During FIFA Gambling Crackdown

In the city of Guangdong, the police have arrested hundreds of individuals involved in online gambling platforms that facilitated betting with $1.5 billion in cryptocurrencies including bitcoin. An operation involving 21 public security authorities has cracked down on organized football gambling during the ongoing football World Cup, resulting in the arrests of some 540 individuals […]

2018-7-13 21:05


Cryptocurrencies and Blockchain to Be Covered in London School of Economics’ New Crypto Course

For most people, cryptocurrency is a little-understood subject, which is understandable since digital coins were only thrust into the global limelight after 2017’s bull run. Thankfully, The London School of Economics and Political Science (LSE) aims to address this lack of proper information on cryptos and blockchain by offering an online program that’s even CPD […] Cryptocurrencies and Blockchain to Be Covered in London School of Economics’ New Crypto Course was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-13 16:39


Фото:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


CoinGate (Payment Service) Introduces the Bitcoin Lightening Network Pilot for 100 Interested Buyers

Cryptocurrency payment gateway CoinGate is launching a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network (LN) variant of their service, according to news shared with Cointelegraph today, July 10 According to CoinGate’s blog post, the merchants taking part in the LN trial include esports betting websites, online stores with crypto

2018-7-10 20:49


Litecoin [LTC]’s creator tells the story behind Litecoin’s name

On July 9th, a tweet by Litecoin’s creator Charlie Lee emerged online, where he explained the story behind Litecoin’s nomenclature through a Twitter reply. When a fan, Crypto Hodler asked, ‘How did you come up with the name Litecoin?’, the computer scientist replied: “Wanted a name that represented a quicker and easier to use Bitcoin. Thought of […]

2018-7-10 23:00


Фото:

New Cashpay Wallet Feature Replaces BCH After Spending

Just recently news.Bitcoin.com reported on a new Bitcoin Cash (BCH) centric wallet called Cashpay. The wallet launched last June and allows any user to purchase anything online using BCH. This week the development team has added a new feature called ‘Spend and Replace’ a wallet function that replaces BCH with a BCH buy order from […] The post New Cashpay Wallet Feature Replaces BCH After Spending appeared first on Bitcoin News.

2018-7-8 18:10


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11