Gambling is one of the oldest pastimes that has evolved along with mankind. As humans continue to crave for the risk-reward rush, the simple guessing game that gambling was, is now technology-heavy. Offline gambling is now mostly confined to casinos at popular tourist destinations as more people flock to online casinos and gambling platforms that are dime-a-dozen.
The evergreen demand for gambling opportunities means companies offering products and services in this multi-billion-dollar industry continue to innovate by adopting the latest technologies. The introduction of Bitcoin over a decade ago and the adoption of cryptocurrency’s underlying blockchain technology in the gambling industry are milestone achievements that brought about a drastic change in how majority of enthusiasts gamble online. However, like all industries, there are bad apples in the online gambling sector too, making it particularly important to find the right platform where one can place bets and maybe even win a fortune.
BTCGOSU is a comprehensive Bitcoin Casino Guide that offers users independent assessment and reviews of crypto casino platforms, gambling games, ongoing promotional campaigns, along with the latest news updates and provably fair verifier tools. Created by a well-known BitcoinTalk.org user, BTCGOSU takes pride in being an unbiased and objective platform that puts the interests of the cryptocurrency gambling community on top of everything else.
The people behind BTCGOSU bring in over a decade of experience in the sector to act as the ideal watchdogs against fraudulent crypto gambling practices in the industry. In their words, “Rest assured we will never promote shady gambling website, and should any casino listed on BTCGOSU take the wrong route, we will be the first ones to fight for your right while of course stop promoting them.”
BTCGOSU derives its name from the Korean word “GOSU” commonly used in the context of e-gaming, which refers to veteran gamers. In essence, the people behind it as well as a significant portion of their userbase. For new gamers, it is a treasure trove with in-depth details of platforms and games that known to be fair and trustworthy.
The BTCGOSU team reviews hundreds of crypto casino platforms in various categories. The platforms are listed based on the features and ideal target audience. They are classified as
Additionally, BTCGOSU also maintains a list of blacklisted casino platforms that are found to have indulged in fraudulent and unfair practices.
The online cryptocurrency casino market is crowded, and each platform wants to capture a bigger share than its neighbor. In order to do that, each casino runs its own promotional campaigns, predominantly comprised of various bonuses, followed by affiliate marketing and more.
BTCGOSU has turned itself into a one-stop spot for users to identify trusted platforms and all the different bonuses and other benefits offered by them. The various bonuses listed on the website include:
BTCGOSU features an exhaustive list of popular online gambling games, offered on each of the platforms reviewed and published on the platform. Among this list includes numerous game titles across over 20 different game types like Baccarat, Bingo, Blackjack, Craps, Crash Games, Dice, HiLo Game, Keno, Live Dealer Games, Lottery, Minesweeper, Plinko, Poker, Roulette, Rummy, Scratch Cards, Sic Bo, Slots, Sports Betting, Table Games and Video Poker.
Apart from the game listing, BTCGOSU also provides a detailed review of gambling titles created by some of the leading developers, which are widely available on online casino and gambling platforms across the world.
A very important tool in BTCGOSU’s arsenal, the Provably Fair Script Verifier is the biggest third-party utility in the market. Using it, players can verify the legitimacy of the bets placed on any of the supported platforms. Currently, BTCGOSU’s Provably Fair Script Verifier supports 27 casinos with 51 games and to verify the outcome of any bet, users will have to just enter the server seed, client seed and nonce into the tool.
Even though BTCGOSU doubles up as an affiliate website, it is transparent about the arrangement and also its commitment to safeguarding the community’s interests. The platform works only with reputable casinos and is prepared to take appropriate actions in case of any questionable activities by any of these casinos. Taking it a step further, it also offers has a Dispute Resolution and Mediation service that gives a voice to affected players who have failed to receive a satisfactory response from the casino operator. Furthermore, BTCGOSU also has a Deposit Guarantee option for those signing up on any online casino using affiliate links featured on the platform, offering them coverage of $500 in case of any disputes.
Overall, BTCGOSU strikes a fine balance between monetization and fair reviews as it serves as an industry watchdog that keeps most of the crypto casinos in line while keeping its community engaged with lots of giveaways, events, challenges and competitions. Meanwhile, people can stay up to date by checking the blog and joining the Telegram group.
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Elon Musk Talks Gold, Says You Might As Well Have Crypto
February 21, 2021February 21, 2021
The crypto’s success has put the gold-to-BTC ratio at an all-time low which means that the price of gold relative to BTC is the lowest that it ever has been. This is quite encouraging for anyone that has long argued that BTC could be a superior store of value to gold. Bitcoin’s high prices caught the ire of the gold bug and the defense of the new BTC Bull. Schiff Gold’s Peter Schiff jumped on the tweet where Elon Musk talks gold and wrote “Bitcoin is almost as bs as fiat money.”
Musk’s tweets usually influence crypto prices dramatically so he engages with others in the comments to talk about crypto. He had a tweet exchange with Microstrategy’s Michael Saylor at first so now it seems that Schiff lured him into a new conversation about comparing gold with BTC as a store of value. Schiff replied that:
“According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It’s real money and better than both!
— Peter Schiff (@PeterSchiff) February 19, 2021”
Tesla’s CEO replied by saying:
“An email saying you have gold is not the same as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both.
— Elon Musk (@elonmusk) February 20, 2021”
Musk reasoned that the money in both cases is just data that allows us to avoid inconvenience and said that the data is always susceptible to latency and error, which is why the systems are trying to evolve and minimize both. Musk implied that technologies like BTC that have improved on security could provide error-free ways of making and recording value.
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An Intelligent Trading and Automation Platform for DeFi – Sponsored Bitcoin News
While the decentralized finance (DeFi) space is not new, it has experienced massive growth to surpass $37 billion. Consequently, the sector attracted a lot of attention, which, in turn, led to the unearthing of multiple deficiencies that the industry has. As a result, many projects have been continuously cropping up to address these issues. While the projects are working at a record pace to tackle these challenges, the industry still has a lot of upgrading to do.
Chipping in to help solve one of DeFi’s insufficiencies is CyberFi, a startup that seeks to offer intelligent trading and enhanced automation to make DeFi user-friendly. The project is a new-gen intelligent trading and automation platform (ITAP). It is described as a multi-product ecosystem that comprises automation products, seeking to enhance the DeFi experience.
CyberFi is the first platform of its kind that aims to fill a gap in DeFi trading by addressing a variety of issues, including high fees, specific onboarding barriers, divergence, and poor user experiences.
It works by combining a decentralized trading platform, an intelligent automation system for complex DeFi strategies, and a cross-chain layer for supporting DeFi automation. By blending these features, the platform eliminates manual processes in DeFi applications, which lead to gas wars, overpaying fees, stress and frustration, and the constant need to be on Uniswap.
By using CyberFi, traders will get the functionality of centralized exchanges on decentralized exchanges (DEXes) and liquidity pools. For instance, the platform offers automatic order execution based on price divergence indicators (PDI) and best trade value (BTV). While trading on liquidity pool-based DEXes demands manual interaction for a trader to enter or exit a position, CyberFi’s price divergence indicators, which are available through oracles, allow traders to leverage automatic order execution.
This functionality is currently available on Uniswap, and it has a refresh rate of 40 to 60 seconds. However, CyberFi is working on an upgrade that will process live price feeds with a 10 to 30-second latency from multiple exchanges. This iteration will use a BTV concept, which automatically finds the best prices and smallest fees available. In doing so, the system provides traders with a stress-free experience by minimizing the manual processes they need to complete to trade on DEXes.
CyberFi also leverages PDI Change Speed (PDICS) to offer traders risk mitigation tools for volatile assets. This functionality enables traders to set trade limits based on price or percentage losses against time for specific tokens. Additionally, the platform works with the community and renowned DeFi players to improve the data analytics models that are currently available.
The CyberFi ecosystem has a native token dubbed CFI Token. It is mainly used to cover trading fees on the platform. CFI also offers lower commission and access to unique products. Additionally, CyberFi users can use CFI to pay for multi-chain operations. CyberFi will not claim the CFI fees for itself. Instead, the firm will redistribute 80% of the funds to the community to secure liquidity, increasing the token’s value. The remaining 20% serves as a revenue source for the ecosystem.
CFI has a total supply of 2.4 million coins. Breaking down how it will distribute the coins, CyberFi noted that it would use 800,000 CFI for the Alpha and Cyber rounds, where it would unlock 20% of this value in the first week and then unlock 10% of the remaining amount weekly. The project would then offer strategic partners 500,000 CFI with a six-month vesting period. 300,000 CFI would then go toward development. Another 300,000 would go toward community and marketing growth. Out of the remaining 500,000 CFI, the project would dedicate 250,000 CFI to fund the liquidity team, 200,000 CFI for LP and staking rewards, and 50,000 CFI for its transaction mining program.
To help better its platform, CyberFi has joined efforts with leading players in the crypto and DeFi spaces. Notable investment-side partnerships include a tie-up with the Ferrum Network, which seeks to develop a DeFi ecosystem that interoperates across chains to eliminate barriers to mass adoption. This deal involved the creation of a solution that would offer automatic staking and offer enhanced earning opportunities for users.
On the infrastructure side, CyberFi partnered with DEXTools to bring accurate low-latency Uniswap data to the CyberFi platform. It’s a partnership that will help users make the most out of CyberFi’s automation through up-to-the-minute trading data to inform automated investment strategies. And to help accommodate the trading volume that those automated trades are likely to drive, CyberFi has begun integrating the Matic Network into its platform. That will bring cheaper, more efficient layer 2 transaction functionality, lowering costs and increasing efficiency.
CyberFi also announced that it had integrated Chainlink’s oracle services, giving platform users access to their industry-best price feeds. Having that in place, CyberFi’s users can be certain that they’re making decisions based on fair market values that are resistant to external manipulation. And because Chainlink brings unassailable reliability and security, there will never be a risk of CyberFi’s users losing access to that data or having cause to question its veracity.
The development of the CyberFi platform has so far exceeded the expectations of both its creators and its early users. Things have come so far so fast that the platform announced the opening of a public beta on January 27th. The public beta includes the wide availability of automation for liquidity pool management and limit order management.
The beta for the liquidity pool automation currently includes four types of smart orders. Using the system, users can create triggers to control adding and removing liquidity, as well as to auto-sell specific liquidity pool assets and exit mining programs. This provides users with maximum flexibility to control their liquidity pool participation without having to babysit their holdings.
And as far as limit order automation, the beta includes functionality to handle standard limit orders as well as cross limit orders. But both features make use of single-TX order flows that save on gas fees and prevent front-run investment attacks. CyberFi accomplished this through innovative use of off-chain transaction storage – pre-authorizing transactions and storing them privately until a triggered execution event.
All in all, it’s an exciting time to be involved with CyberFi. And as industry partners continue to come on board and the platform continues to develop apace, things will only get better from here. It’s the birth of a whole new era in DeFi – where users have ultimate control, flexibility, and ease-of-use, all at their fingertips.
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