Bitcoin Pivot Awards 2015

Ladies and Gentlemen BitcoinPotato.com is proud to annoucne the “Bitcoin Pivot Awards” for 2015.
The bitcoin world can be dangerous and violitle. Some companies need to pivot to hedge their risk while others have pivoted to evolve their service platforms. It could be as simple as a new name, new products or doing things the company said that they would never do. Qualifiying for this years “Bitcoin Pivot Award” for 2015 is.

ChangeTip – With the addition of USD there is no need to explain to people the magic internet money. This also shows that you can send anything via twitter it doesnt even have to be bitcoin! What a massive pivot!

Bit Reserve (Uphold) – Uphold has kept true to their bitcoin sceptical blog posts and gone the route of USD

Bitmex – Went from a hard to use futures and hedging platform to offering 100x daily futures.

Crypto Facilities – Went from a 3:1 max leverage futures product to a 5:1 with affiliate program.

Bitcoin payments – a whole bunch of opportunities for online gambling

Gradually taking up positions globally as an alternative means of payment, Bitcoin was more than just quick to come to the online gambling industry: the very first Bitcoin casinos, sports betting websites and portals offering basic video games appeared at least several years ago.

Among numerous benefits usually attributed to this cryptocurrency, its cost-effectiveness is undoubtedly the most appealing, and because Bitcoin transactions are so comparatively cheap to perform, the number of online gambling companies considering this great opportunity to prune away their operational costs is growing rapidly.

BitCasino, one of the most popular Bitcoin casino websites, has been offering gambling services to BTC devotees since 2013. As of today, the casino boasts a rich selection of 600+ virtual games of all kinds, and that is much more than any other operator can possibly offer. Last year, the company managed to generate an impressive $5 million turnover in just 3 months, and their estimated targets for this year are even more optimistic.

Unsurprisingly, BitCasino has become a star to steer by for dozens of other gambling companies and operators still groundlessly hanging in doubt about introducing Bitcoin payments, as there are at least several great reasons for them to start accepting the cryptocurrency. First of all, Bitcoin casinos have the problem of chargebacks eliminated as such, and that seems one of the biggest issues for websites accepting payments in ‘traditional’ forms and currencies. Secondly, BTC payments, including deposits and payouts, are completed instantaneously -usually, in seconds or minutes, not days and weeks, as in case with ‘old-school’ casinos. On top of that, Bitcoin transactions are final, and, as already mentioned above, very cheap to perform. Bitcoin as such costs almost nothing to produce, which makes its integration an excellent opportunity for companies to cut down on expenses and substantially minimize transaction and commission fees charged.

An additional point is that Bitcoin casinos, by reason of being relatively easy to set up (everything you may possibly need are programming skills and a computer), seem to be threatening their non-cryptocurrency competitors. Every month, there are at least several new Bitcoin gambling portals, poker rooms and bookmaking websites launched, although only some of them take the trouble to apply for a gambling license. As a matter of fact, it may take legal online gambling operators certain time to think about introducing the Bitcoin payment option on their websites, but now that dozens of major companies and corporations like Dell, Tesla, Virgin, and Microsoft accept Bitcoin payments and find it highly efficient and convenient, their future choice is apparent.

Thanks to Bitpay, Coinbase and other BTC payment service providers, there is a good financial alternative for those companies wishing to accept Bitcoin payments from their customers, but still unwilling to hold any cryptocurrency amounts for some reasons. The BTC payments they receive can be instantly converted into euro, dollars, or any other hard currency they need. Unlike traditional settlements, btc payments contain no remittance information, card number or code, which means scammers will be having a hard time trying to steal the necessary transaction data.

2014 was a really significant year for bitcoin, as many states decided to legalize the cryptocurrency and make it an alternative payment tool existing alongside their national currencies. 1/5 of all transactions made to and by online gamblers was made in bitcoin, which makes the overall bitcoin casino payment amount the biggest of all industries.

Bitcoin gambling the cradle of the global decentralized currency

n recordingly short time, Bitcoin creators have done something hard to even imagine previously: they have been able to launch a decentralized electronic payment industry operating alongside the existing state-controlled financial mechanisms. Its real capacities are to be revealed within the coming years, but thus far it has already been powerful enough to initiate revolutionary changes in the industry of online gambling – the true flagship of the electronic technologies area. As a result, virtual gaming has become much more efficient and available to residents of the countries where Internet casinos are prohibited as such. What has been the real driving force behind Bitcoin’s great success in online gambling?

As of early 2015, there have been tens of BTC casinos of at least two kinds offering their services online. While on some of them Bitcoins are used only as a supplementary payment method in addition to fiat currency deposits and payouts, many are offering their customers no other option but to solely pay and be paid in the cryptocoins. The new Bitcoin gambling portals are launched every once in a while to be available to customers all over the world, just unlike real-money gaming portals that are still beyond the law in many jurisdictions. On top of that, Bitcoin is accessible to everyone willing to use it for making payments, as there are no age restrictions either.

The set of betting options and opportunities you get on a Bitcoin gambling website is in many ways more extensive than the one you eventually get even in the most hyped ‘regular’ real-money houses: your favorite casino, card and table games, virtual slot machines, lotteries, live dealer games, and sports bets – it’s all there at best. But, aside from BTC payment anonymity and instantaneousness, as well as almost non-existent commission fees and the absence of extra expenses, which are frequently seen as Bitcoins’ fundamental features, you also get a thing called fairness provability, and that is something you can’t have on traditional gambling portals. The concept of provably fair gambling websites lies in letting their players verify whether every single outcome of the games they choose to play (like roulette and blackjack) is cheat-free, i.e. based on random numbers generated by cryptographic algorithms, with no outside interference (whether gambler- or casino-side). This is a great advantage for both players and Bitcoin gambling operators themselves, as it enables them to quit building their relationship on trust, and rely upon math and impartiality instead. With all this being said, we can definitely state that Bitcoin has a truly revolutionary potential.

Bitcoin has already started conquering new markets and business branches gradually establishing itself as a full-fledged means of payments accepted by major merchandising companies and online shops. Positively, today we are lucky to witness the formation of the independent payment industry based on block-chain technologies. There may be still certain issues with its state regulation and circulation in parallel with local currencies in certain countries, but we should hope these issues are solved in more or less immediate future, and what we may be expecting to happen one day is the rise of the new truly global currency.

Bitcoin-Trader.biz

Bitcoin-Trader dot biz was a platform that clamied to make profits with arbitrage trading and mining. Maybe they were doing arbitrage and mining, maybe not. Basically you deposited fiat and bought “shares” in arbitrage or mining. Your account frequently received payments and if your account reached the withdraw threshold (contract end 120days / 365days)then you could withdraw. Basically profit on auto with no work! Just invest! Sounds great huh?

The company is registered in Panama, which in itself is not a bad thing. However plenty of scams are incorporated there so when you are checking out a company then when you read “INC PANAMA” one alarm should go off. As soon as they promise a set % of profit then an alarm should go off (it does say up to 3% but not 0-3%). Ok so 2 alarms have gone off, if you are still thinking of depositing then I am not sure what to say, but bitcoin-trader also knows exactly how you feel.

Affiliates
An Affiliate program is great for both the affiliates and the company involved. Affiliates are basically sales people that are paid on a performance basis and cost the company nothing in wages. They are only paid if they deliver sales. Each affiliate has an affiliate link like bitcoin-trader.biz/ref=bitcoinpotato. If you visit the page via my link and deposit then I get a small% of what you deposit or depending on the model a flat amount for every person that signs up. This model is not an automatic alarm. However if there is an Affiliate system in place be ready to be bombarded with banners, ads, blog posts and more. Bitcoin-Trader even went a step further and enlisted “local reps” which is a brilliant idea to gain trust. No longer is the website only on the internet they have reps worldwide. You can contact a local rep and they can ensure you that despite the promises of profit, company being incorporated in Panama or even countless alarms on bitcointalk https://bitcointalk.org/index.php?topic=393570.0 that the company is legit and you can deposit and watch the profits flow in. – See more at: https://web.archive.org/web/20150811052015/http://bitcoinpotato.com/bitcoin-trader-biz-closing/#sthash.yLPR45Al.dpuf

Bitcoin Conferences
These guys were at plenty of bitcoin conferences, or at least local reps were there. Being seen in person makes the site seem “legit”. They gave out FREE 20$ shares, I do not know how many but at the conference I was at I guess they gave out 2,000-5,000$ worth of shares. Sounds great! FREE MONEY! WOOOO! I got one of these free cards with the rub off code that allows you to clam your share. I was paid a few cents on time as payment for being in an “arbitrage pool”. Totally free! WOW! Now I should deposit a few thousand, it looks legit now, im going to be rich!!!!

Let us take a moment and think. They can afford to pay for a stand and give away maybe 5,000$ just like that. Doesn’t that sound a little fishy? What other company was giving out thousands of dollars just for fun? When I got that card and saw how this was going, I thought that they were really reaching, really trying for the last homerun, maybe a whale will get fooled into buying a large sum of shares.

I hope people stop falling for these schemes, really I have no proof that is was a scheme, it could have been a totally legit business. You can decide for yourself.

From the email:
Dear Clients
Regrettably I have to announce the failure and closure of Bitcoin Trader. While preparing for the final audit results, a task we were working on for weeks now, our bitcoin wallet has been hacked and emptied, just after exchanging our fiat holdings within the exchanges to bitcoin and transferring our entire holdings to our wallet, in order to proof our solvency. It is a known fact that I personally opposed any proof of solvency, but agreed to conduct it for the sake of a few dozen small and medium investors. The hacker contacted me shortly after he took advantage of our holdings and demanded a ransom in order to transfer the coins back. I have agreed to a 25% ransom of the entire sum, but haven’t heard back from him for several days now. My aim was to create something based on trust, just as bitcoin itself is based on distributed trust. Unfortunately I must admit today, I have failed. All left to do now is to declare bankruptcy with the Panamanian authorities and to hand over all relevant files and information for further investigation.
Sincerely, John Carley

Maybe it is true, but we have had our fair share of “hacked” business that suddenly have all funds disappear.
Bitcoin-Trader.biz is down but you can see what it looked like here.
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RE: MARK OF THE BEAST: America Rapidly Moving to a Cashless……. (bitcoin & CIA HEDGE FUND)


If you want to jump to the part about bitcoin then go to about 4:00.

AMTV is trying to say that bitcoin is part of the plan to create a cashless society. That the CIA hedge fund Q-in-tel is “connected” to bitcoin. Lets take a look at some of the things said in this video.

He clams to have worked for a bank during the 2008 crash, he has “lived it”. Ok we are not going to dispute that.

“the way we buy goods and services it is all going digital” well yes things are “going digital” that is true, the problem is when he starts lumping all things digital together: paypal, bitcoin, the future release of a google backed google coin (source?), or an apple coin (already exsits as an altcoin), amazon coin, “or anyhting like that, its all moving that direction”

Well not exactly, you are missing a few fundimental points here. Frequent flyer miles and other digial tokens have been around for a long time. These are forms of digial currency, which today are often called “coins”. However there is a fundmental difference between a centraly organized digital token (anything like googlecoin, applecoin or amtv coin). Bitcoin is decentral, there is no company that is behind it, with all the other examples spoke of in the video there is.

“and of course the goverment has this all in place, they have been heavily invested in currency, digial currency, digital currencies like bitcoin” ok, lets stop right there. First of all given your lumping together of all things digial, what do you mean exactly by “currenies like bitcoin”? You mean that the CIA hedge fund also is in litecoin LTC ? Or maybe Dogecoin? Where is the link that shows that “the goverment” has bought a lot of bitcoin? Please share the source before spreading this FUD. You say that in-q-tel was a principle investor and then show a picture of google, facebook, nokia, microsoft and arrows pointing to q-in-tel. You do realise that buying bitcoin is not the same as buying stocks, or bonds in these companies right? Please list your sources so that people can check for themselves, do not just leave them to “search google” which is one of the companies that q-in-tel has according to you invested in! HHAHA

I can agree with most of your other concepts to a point. I agree the goverment is has its hand in the cookie jar and that debt based fiat will collapse, the main question is, when?

Next time I suggest you do more research into bitcoin and crypto

UK Goverment taking on country´s illegal BTC gaming industry

As officials and regulatory bodies in several countries of Europe are starting to apply greater effort to make online casino businesses step out of the shade, operate more transparently, minimize the accessibility of their services to under-age players, and advertise themselves in accordance with legislation, Bitcoin may partially lose its ‘almightiness’ and universality as a virtual payment method supported by many casino portals and increasingly preferred by Internet gamblers. That is the way events may progress in the United Kingdom, a country actually known for its relatively lenient stance on casino gaming. The question of Bitcoin gambling legality has been largely discussed in the UK lately, and that’s for a good reason.

The country’s Gambling Commission (UKGC), the official regulatory body dealing with gambling in all of its aspects, sent out a strong signal to Internet casino gaming operators calling them to bring their activity in line with the UK’s legislation and made it clear they will be unable to run their businesses further without having obtained corresponding licenses, irrespective of the type of currency they conduct transactions in. As stated by the current UKGC head Jenny Williams, the officials are aware of certain operators illegally advertising/offering their services to customers.

In 2013, there was a chance for the cryptocurrency to retain its status of an unregulated commodity in the UK, as the ministers found it rational to free Bitcoin companies from obtaining licenses to operate and comply with existing regulations, and virtual Bitcoin casinos in the UK and betting portals were no exception. Several months ago, however, the government rethought their policy and came up with decision to introduce regulation of Bitcoin exchanges in order to possibly limit them being used unlawfully, including for money washing purposes.

Online gambling industry has been emerging steadily for over two decades already, since the very moment it was successfully capitalized with a view to make it profitable. As of now, electronic casino gaming can boast a set of strong advantages over ‘regular’ gambling, and among the first things making it so popular is greater cost-effectiveness, handiness, flexibility, ease of access, and other crucial aspects. Nevertheless, it has been capable to take up only 10 per cent of the overall market, not least since old-school casino businesses seem to have a very strong lobby among politicians. Tycoons and owners of gigantic brick-and-mortar casino empires like the somewhat notorious 81 year-old US billionaire Sheldon Adelson (a holder of a jaw-dropping $30 billion fortune and the chair of the Las Vegas Sands Corporation, a parent enterprise to a group of sub-companies offering gambling services) have literally declared a war on Internet casino gaming, just to fight off the unwished yet more progressive competition.

Still, Bitcoin gambling is nowadays recognized as very viable and having great potential. Bitcoin casino games are enormously popular among virtual gamblers all over the world, not least because the cryptocurrency is capable to provide its users with the unexcelled level of payment anonymity and make their transactions eye-blinkingly fast. BTC may easily be the monetary future of many markets and industries, just as soon as it overgrows the online gambling clothes.