License is not a guarantee
Have you ever wondered what is gambling license? Why in some countries gambling is completely legal, while in other it is one of the most cruel crimes? Today we will talk about some law and some ways to make small poor country very rich by several simple steps. In the same time, you will know why Bitgoals, decentralized protocol for gambling, does not need license at all. Let’s go!
First topic is gambling license. In countries, where gambling is legal, gambling providers should pay taxes. It is only the way for government to get profit, because if gambling services provider will be fake, it will just lose license, but nobody will give people stolen money. To prevent spreading of illegal gambling, most of countries create gaming zones, where gambling is legal.
Illegal gamblers may be met almost anywhere. In some countries, they try to hide, while in others (especially in Latin America) they are some kind of heroes, just like other criminals. The highest level of illegal gambling was registered in Europe and Chine, but Chinese government took control over it pretty fast. Nevertheless, China is more likely to be an exception than an example.
Expansion of the internet technologies changed rule of this game. Now people are able to play poker with friends or just other people from all over the world, and governments are almost helpless. They want online gambling websites to be licensed, but license is very cheap comparing to money, which is earned by gaming house. In some of island countries, you may buy license for one hundred thousand dollars. It is nothing for gaming house with 500 million profit, especially when this license give access to almost any country’s internal market. Now you know how to make small country rich. Online gambling had erased line between the legal and illegal gambling, which caused appearance of many fraud gambling houses. Fortunately, blockchain technologies allowed Bitgoals team to change rules of the game!
There is no need in middleman
Bitgoals is one of the first automated solutions for the gambling industry. It eliminates need to buy license or to be afraid of scammers because all processes are automated by smart-contracts. Let’s clarify it everything for people, who are fond of gambling, but do not know so much about decentralization and blockchain technologies.
In centralized gambling platform, only part of actions is automated. You make bet, win some money, but people decide how to limit you bet or how much time should you wait for the withdrawal. In 21st century, this is complete nonsense, so Bitgoals uses smart contract to show completely new approach. When you make bet, it is loked within smart contract. When you win, you get money instantly, there is no need to wait for any confirmation from the third party or from the living employee. Nobody is able to still your money or to restrict the payment. In case of withdrawal, you get STP tokens in several minutes after the inquiry, forget about weeks or even months of waiting. So why are you still not a registered member of Bitgoals? Do not miss your chance to buy tokens now!
Website – https://bitgoals.com/
ANNThread – https://bitcointalk.org/index.php?topic=4428882.0
Whitepaper – https://bitgoals.com/wp-content/uploads/2018/06/Bitgoals_WP_3.pdf
Author bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=287695
ЕТН Adress: 0xfa9f34fe8a762dcbd56d28364043c8a256f07479