@suit5
34I tell it like it is and share my knowledge for the better good. Love all things tech, especially blockchain technology
steemit.com/@suit5VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS59.68%
Net Worth
5.097USD
STEEM
0.024STEEM
SBD
0.759SBD
Own SP
87.383SP
Detailed Balance
| STEEM | ||
| balance | 0.022STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.002STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 87.383SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 0.000SP | SP |
| Effective Power | 87.383SP | SP |
| Reward SP (pending) | 0.099SP | SP |
| SBD | ||
| sbd_balance | 0.475SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.284SBD | SBD |
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}Account Info
| name | suit5 |
| id | 778053 |
| rank | 19,056 |
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| created | 2018-03-01T01:46:39 |
| recovery_account | steem |
| proxy | None |
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| mined | No |
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}Withdraw Routes
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Empty | Empty |
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}From Date
To Date
2023/01/11 23:25:21
2023/01/11 23:25:21
| from | steemegg |
| to | suit5 |
| amount | 0.001 STEEM |
| memo | Accumulate free upvotes on your posts every 6 hours! All you need to do is vote our witness account -> se-witness as one of your 30 witness votes. -> See actual rewards not just 0.001 every day. https://steemlogin.com/sign/account-witness-vote?witness=se-witness&approve=1 |
| Transaction Info | Block #71102530/Trx d12979c05a7831e8beb95466b524510b2a624c33 |
View Raw JSON Data
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"op": [
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{
"from": "steemegg",
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"amount": "0.001 STEEM",
"memo": "Accumulate free upvotes on your posts every 6 hours! All you need to do is vote our witness account -> se-witness as one of your 30 witness votes. -> See actual rewards not just 0.001 every day. https://steemlogin.com/sign/account-witness-vote?witness=se-witness&approve=1"
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}2020/03/01 02:19:12
2020/03/01 02:19:12
| parent author | suit5 |
| parent permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| author | steemitboard |
| permlink | steemitboard-notify-suit5-20200301t021911000z |
| title | |
| body | Congratulations @suit5! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@suit5/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@suit5) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=suit5)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
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"author": "steemitboard",
"permlink": "steemitboard-notify-suit5-20200301t021911000z",
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"body": "Congratulations @suit5! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@suit5/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@suit5) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=suit5)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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}2019/03/01 02:50:00
2019/03/01 02:50:00
| parent author | suit5 |
| parent permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| author | steemitboard |
| permlink | steemitboard-notify-suit5-20190301t024959000z |
| title | |
| body | Congratulations @suit5! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@suit5/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@suit5)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/carnival/@steemitboard/carnival-2019"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png"></a></td><td><a href="https://steemit.com/carnival/@steemitboard/carnival-2019">Carnival Challenge - Collect badge and win 5 STEEM</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) and get one more award and increased upvotes! |
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}kryptarionupvoted (100.00%) @suit5 / why-sports-gambling-is-about-to-change-forever-part-12018/09/30 07:34:27
kryptarionupvoted (100.00%) @suit5 / why-sports-gambling-is-about-to-change-forever-part-1
2018/09/30 07:34:27
| voter | kryptarion |
| author | suit5 |
| permlink | why-sports-gambling-is-about-to-change-forever-part-1 |
| weight | 10000 (100.00%) |
| Transaction Info | Block #26391559/Trx 508f9558901f05e640bbed0e0c7f36cc29cedbdf |
View Raw JSON Data
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}kryptarionupvoted (100.00%) @suit5 / sports-gambling-blockchain-projects2018/09/29 18:50:06
kryptarionupvoted (100.00%) @suit5 / sports-gambling-blockchain-projects
2018/09/29 18:50:06
| voter | kryptarion |
| author | suit5 |
| permlink | sports-gambling-blockchain-projects |
| weight | 10000 (100.00%) |
| Transaction Info | Block #26376291/Trx 2b82f45d16c175757ebfccedf5e57e0a95530f57 |
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}suit5received 0.002 STEEM, 0.005 SBD, 0.006 SP author reward for @suit5 / re-costanza-betting-broker-review-or-sportmarket-pro-20180606t195156141z2018/06/13 19:51:54
suit5received 0.002 STEEM, 0.005 SBD, 0.006 SP author reward for @suit5 / re-costanza-betting-broker-review-or-sportmarket-pro-20180606t195156141z
2018/06/13 19:51:54
| author | suit5 |
| permlink | re-costanza-betting-broker-review-or-sportmarket-pro-20180606t195156141z |
| sbd payout | 0.005 SBD |
| steem payout | 0.002 STEEM |
| vesting payout | 10.159438 VESTS |
| Transaction Info | Block #23294611/Virtual Operation #7 |
View Raw JSON Data
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}suit5received 0.001 SP curation reward for @costanza / betting-broker-review-or-sportmarket-pro2018/06/13 16:21:15
suit5received 0.001 SP curation reward for @costanza / betting-broker-review-or-sportmarket-pro
2018/06/13 16:21:15
| curator | suit5 |
| reward | 2.031903 VESTS |
| comment author | costanza |
| comment permlink | betting-broker-review-or-sportmarket-pro |
| Transaction Info | Block #23290398/Virtual Operation #38 |
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}2018/06/11 08:03:18
2018/06/11 08:03:18
| voter | fullcoverbetting |
| author | suit5 |
| permlink | re-fullcoverbetting-fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd-20180607t152832804z |
| weight | 100 (1.00%) |
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}2018/06/08 12:12:09
2018/06/08 12:12:09
| parent author | suit5 |
| parent permlink | re-fullcoverbetting-fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd-20180607t152832804z |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd-20180608t121208201z |
| title | |
| body | @suit5 Your welcome. We do it to put the SBC community in the picture! Now come the general bladibla: Thanks for participating with the SBC World Cup Contest. Your entry has been registered and approved. Feel free to drop by during the World Cup for some friendly banter! Because you are a whitelisted member of the SBC community, you are also eligible for the special SBC prize pool! Great to see that also other people have faith in Mexico, I do expect a lot from them! Cheers, Peter |
| json metadata | {"tags":["sbc"],"community":"busy","app":"busy/2.4.0"} |
| Transaction Info | Block #23142012/Trx ef9fc97b2a38d51709848930ddc4f67a4eefc1b9 |
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"body": "@suit5\nYour welcome. We do it to put the SBC community in the picture! \nNow come the general bladibla:\nThanks for participating with the SBC World Cup Contest. Your entry has been registered and approved. Feel free to drop by during the World Cup for some friendly banter!\nBecause you are a whitelisted member of the SBC community, you are also eligible for the special SBC prize pool!\n\nGreat to see that also other people have faith in Mexico, I do expect a lot from them!\n\nCheers,\nPeter",
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}2018/06/07 20:21:36
2018/06/07 20:21:36
| parent author | suit5 |
| parent permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| author | steemitboard |
| permlink | steemitboard-notify-suit5-20180607t202136000z |
| title | |
| body | Congratulations @suit5! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@suit5) Award for the number of upvotes received <sub>_Click on the badge to view your Board of Honor._</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**! |
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"title": "",
"body": "Congratulations @suit5! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[](http://steemitboard.com/@suit5) Award for the number of upvotes received\n\n<sub>_Click on the badge to view your Board of Honor._</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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}2018/06/07 16:13:30
2018/06/07 16:13:30
| parent author | suit5 |
| parent permlink | re-costanza-betting-broker-review-or-sportmarket-pro-20180606t195156141z |
| author | costanza |
| permlink | re-suit5-re-costanza-betting-broker-review-or-sportmarket-pro-20180607t161329017z |
| title | |
| body | Indeed these kind of features really can make a big difference, it will be interesting to see what happens now that betting is getting legalised in the US. |
| json metadata | {"tags":["betting"],"app":"steemit/0.1"} |
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"title": "",
"body": "Indeed these kind of features really can make a big difference, it will be interesting to see what happens now that betting is getting legalised in the US.",
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}2018/06/07 16:10:21
2018/06/07 16:10:21
| voter | costanza |
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}2018/06/07 15:52:00
2018/06/07 15:52:00
| voter | suit5 |
| author | fullcoverbetting |
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}2018/06/07 15:51:45
2018/06/07 15:51:45
| voter | suit5 |
| author | fullcoverbetting |
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}2018/06/07 15:28:30
2018/06/07 15:28:30
| parent author | fullcoverbetting |
| parent permlink | fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd |
| author | suit5 |
| permlink | re-fullcoverbetting-fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd-20180607t152832804z |
| title | |
| body | Brazil-12 Germany-11 Argentina-9 Spain-10 Mexico-8 England-7 Iceland-6 Denmark-5 Costa Rica-4 Nigeria-3 Australia-2 Panama-1 Number of goals during the regular time of the Worldcup : 145 Total number of goals in first match day: 45 Total number of goals in second match day: 32 Total number of goals in third match day: 38 Total number of goals in the tournament: 153 Thanks for organizing this @fullcoverbetting !! |
| json metadata | {"tags":["sbc"],"users":["fullcoverbetting"],"app":"steemit/0.1"} |
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"permlink": "re-fullcoverbetting-fullcoverbetting-s-worldcup-contest-last-week-of-registration-prize-pool-110-sbd-20180607t152832804z",
"title": "",
"body": "Brazil-12\nGermany-11\nArgentina-9\n\nSpain-10\nMexico-8\nEngland-7\n\nIceland-6\nDenmark-5\nCosta Rica-4\n\nNigeria-3\nAustralia-2\nPanama-1\n\nNumber of goals during the regular time of the Worldcup : 145\nTotal number of goals in first match day: 45\nTotal number of goals in second match day: 32\nTotal number of goals in third match day: 38\nTotal number of goals in the tournament: 153\n\nThanks for organizing this @fullcoverbetting !!",
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}2018/06/06 19:51:54
2018/06/06 19:51:54
| parent author | costanza |
| parent permlink | betting-broker-review-or-sportmarket-pro |
| author | suit5 |
| permlink | re-costanza-betting-broker-review-or-sportmarket-pro-20180606t195156141z |
| title | |
| body | Setting target odds is a really nice feature. I know sometimes I see the spread a couple days previously and am like, well that's a bit high I would take it if it went to x. That solves my problem. Too bad I am in the US and don't bet nearly enough to maintain an account. or else I would use it. |
| json metadata | {"tags":["betting"],"app":"steemit/0.1"} |
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"author": "suit5",
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"title": "",
"body": "Setting target odds is a really nice feature. I know sometimes I see the spread a couple days previously and am like, well that's a bit high I would take it if it went to x. That solves my problem. Too bad I am in the US and don't bet nearly enough to maintain an account. or else I would use it.",
"json_metadata": "{\"tags\":[\"betting\"],\"app\":\"steemit/0.1\"}"
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}2018/06/06 19:48:15
2018/06/06 19:48:15
| parent author | beat-the-bookies |
| parent permlink | re-costanza-betting-broker-review-or-sportmarket-pro-20180606t191502463z |
| author | suit5 |
| permlink | re-beat-the-bookies-re-costanza-betting-broker-review-or-sportmarket-pro-20180606t194759985z |
| title | |
| body | @@ -34,8 +34,37 @@ betting +. Nice to see you're positive |
| json metadata | {"tags":["betting"],"app":"steemit/0.1"} |
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"author": "suit5",
"permlink": "re-beat-the-bookies-re-costanza-betting-broker-review-or-sportmarket-pro-20180606t194759985z",
"title": "",
"body": "@@ -34,8 +34,37 @@\n betting\n+. Nice to see you're positive\n",
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}2018/06/06 19:47:57
2018/06/06 19:47:57
| parent author | beat-the-bookies |
| parent permlink | re-costanza-betting-broker-review-or-sportmarket-pro-20180606t191502463z |
| author | suit5 |
| permlink | re-beat-the-bookies-re-costanza-betting-broker-review-or-sportmarket-pro-20180606t194759985z |
| title | |
| body | yea holy shit haha thats a ton of betting |
| json metadata | {"tags":["betting"],"app":"steemit/0.1"} |
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"permlink": "re-beat-the-bookies-re-costanza-betting-broker-review-or-sportmarket-pro-20180606t194759985z",
"title": "",
"body": "yea holy shit haha thats a ton of betting",
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}suit5upvoted (100.00%) @costanza / betting-broker-review-or-sportmarket-pro2018/06/06 19:47:42
suit5upvoted (100.00%) @costanza / betting-broker-review-or-sportmarket-pro
2018/06/06 19:47:42
| voter | suit5 |
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}suit5upvoted (100.00%) @paulyaces76 / wagerr-betting-for-the-world-cup2018/06/04 23:44:12
suit5upvoted (100.00%) @paulyaces76 / wagerr-betting-for-the-world-cup
2018/06/04 23:44:12
| voter | suit5 |
| author | paulyaces76 |
| permlink | wagerr-betting-for-the-world-cup |
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}suit5followed @paulyaces762018/06/04 23:43:51
suit5followed @paulyaces76
2018/06/04 23:43:51
| required auths | [] |
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| json | ["follow",{"follower":"suit5","following":"paulyaces76","what":["blog"]}] |
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"json": "[\"follow\",{\"follower\":\"suit5\",\"following\":\"paulyaces76\",\"what\":[\"blog\"]}]"
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}suit5upvoted (100.00%) @costanza / how-i-post-bets-on-steemit-explained2018/05/23 01:50:21
suit5upvoted (100.00%) @costanza / how-i-post-bets-on-steemit-explained
2018/05/23 01:50:21
| voter | suit5 |
| author | costanza |
| permlink | how-i-post-bets-on-steemit-explained |
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}2018/05/23 01:44:30
2018/05/23 01:44:30
| parent author | costanza |
| parent permlink | posting-bets-on-steemit-how-to |
| author | suit5 |
| permlink | re-costanza-posting-bets-on-steemit-how-to-20180523t014431557z |
| title | |
| body | nice post @costanza . Even though I don't ever post my bets publicly, I think having a standard template for others to use would be great. |
| json metadata | {"tags":["steemit"],"users":["costanza"],"app":"steemit/0.1"} |
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"author": "suit5",
"permlink": "re-costanza-posting-bets-on-steemit-how-to-20180523t014431557z",
"title": "",
"body": "nice post @costanza . Even though I don't ever post my bets publicly, I think having a standard template for others to use would be great.",
"json_metadata": "{\"tags\":[\"steemit\"],\"users\":[\"costanza\"],\"app\":\"steemit/0.1\"}"
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}2018/05/23 01:42:39
2018/05/23 01:42:39
| parent author | costanza |
| parent permlink | re-akram9205-re-costanza-posting-bets-on-steemit-how-to-20180520t082049764z |
| author | suit5 |
| permlink | re-costanza-re-akram9205-re-costanza-posting-bets-on-steemit-how-to-20180523t014242314z |
| title | |
| body | lol what trash |
| json metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
| Transaction Info | Block #22669122/Trx 622453f8febeb070b8ab7e88c22536ee33520401 |
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"permlink": "re-costanza-re-akram9205-re-costanza-posting-bets-on-steemit-how-to-20180523t014242314z",
"title": "",
"body": "lol what trash",
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}suit5upvoted (100.00%) @costanza / posting-bets-on-steemit-how-to2018/05/23 01:33:36
suit5upvoted (100.00%) @costanza / posting-bets-on-steemit-how-to
2018/05/23 01:33:36
| voter | suit5 |
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| permlink | posting-bets-on-steemit-how-to |
| weight | 10000 (100.00%) |
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}suit5received 0.021 SBD, 0.009 SP author reward for @suit5 / re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z2018/05/22 07:55:09
suit5received 0.021 SBD, 0.009 SP author reward for @suit5 / re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z
2018/05/22 07:55:09
| author | suit5 |
| permlink | re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z |
| sbd payout | 0.021 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 14.239912 VESTS |
| Transaction Info | Block #22647778/Virtual Operation #6 |
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}suit5received 0.258 SBD, 0.107 SP author reward for @suit5 / how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects2018/05/22 06:03:12
suit5received 0.258 SBD, 0.107 SP author reward for @suit5 / how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects
2018/05/22 06:03:12
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| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| sbd payout | 0.258 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 174.948206 VESTS |
| Transaction Info | Block #22645539/Virtual Operation #10 |
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}2018/05/19 15:10:51
2018/05/19 15:10:51
| parent author | suit5 |
| parent permlink | re-apporatory-wagerr-wgr-a-decentralized-sportsbook-20180518t133723814z |
| author | apporatory |
| permlink | re-suit5-re-apporatory-wagerr-wgr-a-decentralized-sportsbook-20180519t151050875z |
| title | |
| body | Yea, I plan to write an update in the next few weeks. |
| json metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| Transaction Info | Block #22570103/Trx 86474bf28ba6999a4cff8a929efd453b79a3146e |
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"title": "",
"body": "Yea, I plan to write an update in the next few weeks.",
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}2018/05/19 14:56:39
2018/05/19 14:56:39
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2018/05/19 01:49:24
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}suit5followed @apporatory2018/05/18 13:37:54
suit5followed @apporatory
2018/05/18 13:37:54
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2018/05/18 13:37:24
| parent author | apporatory |
| parent permlink | wagerr-wgr-a-decentralized-sportsbook |
| author | suit5 |
| permlink | re-apporatory-wagerr-wgr-a-decentralized-sportsbook-20180518t133723814z |
| title | |
| body | nice write up. They have a ton more competition than the ones you listed there. PPY BetterBetting, Edgeless, blitzpredict, to name a few. Out of all the ones I have researched, WGR and PPY are my favorites. |
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"author": "suit5",
"permlink": "re-apporatory-wagerr-wgr-a-decentralized-sportsbook-20180518t133723814z",
"title": "",
"body": "nice write up. They have a ton more competition than the ones you listed there. PPY BetterBetting, Edgeless, blitzpredict, to name a few. Out of all the ones I have researched, WGR and PPY are my favorites.",
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}suit5upvoted (100.00%) @apporatory / wagerr-wgr-a-decentralized-sportsbook2018/05/18 13:34:42
suit5upvoted (100.00%) @apporatory / wagerr-wgr-a-decentralized-sportsbook
2018/05/18 13:34:42
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}2018/05/18 13:32:30
2018/05/18 13:32:30
| parent author | walepablo |
| parent permlink | f3fhww22a |
| author | suit5 |
| permlink | re-walepablo-f3fhww22a-20180518t133231627z |
| title | |
| body | good question, id be interesting in knowing as well |
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"author": "suit5",
"permlink": "re-walepablo-f3fhww22a-20180518t133231627z",
"title": "",
"body": "good question, id be interesting in knowing as well",
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}suit5upvoted (100.00%) @walepablo / f3fhww22a2018/05/18 13:32:09
suit5upvoted (100.00%) @walepablo / f3fhww22a
2018/05/18 13:32:09
| voter | suit5 |
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| weight | 10000 (100.00%) |
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}2018/05/17 16:12:48
2018/05/17 16:12:48
| parent author | suit5 |
| parent permlink | re-fullcoverbetting-re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t140254286z |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t161248558z |
| title | |
| body | For some reason I am doing this weekly! With the fiat investments I did mean the money I did use to purchase the coins :) So no need for schwab for me. I did also played around with cryptcompare, but left it behind. My own excel will do for the real tracking and blockfolio to get a rough idea what the market is doing! |
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"title": "",
"body": "For some reason I am doing this weekly! With the fiat investments I did mean the money I did use to purchase the coins :) So no need for schwab for me.\nI did also played around with cryptcompare, but left it behind. My own excel will do for the real tracking and blockfolio to get a rough idea what the market is doing!",
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}suit5followed @walepablo2018/05/17 14:14:15
suit5followed @walepablo
2018/05/17 14:14:15
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}suit5upvoted (100.00%) @walepablo / ulog-1-cleaning-my-space2018/05/17 14:14:09
suit5upvoted (100.00%) @walepablo / ulog-1-cleaning-my-space
2018/05/17 14:14:09
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}2018/05/17 14:02:54
2018/05/17 14:02:54
| parent author | fullcoverbetting |
| parent permlink | re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t064830860z |
| author | suit5 |
| permlink | re-fullcoverbetting-re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t140254286z |
| title | |
| body | okay cool, I use a google sheet as well and just update the price and total held of each one of my cryptos at the end of each month. Thats cool you got yours connected to coinmarketcap api. I just use Schwab for my fiat investments. Also on my phone I use coinstats which is pretty good too, im sure similar to blockfolio. |
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"permlink": "re-fullcoverbetting-re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t140254286z",
"title": "",
"body": "okay cool, I use a google sheet as well and just update the price and total held of each one of my cryptos at the end of each month. Thats cool you got yours connected to coinmarketcap api. I just use Schwab for my fiat investments. Also on my phone I use coinstats which is pretty good too, im sure similar to blockfolio.",
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}2018/05/17 09:39:24
2018/05/17 09:39:24
| parent author | suit5 |
| parent permlink | re-tradergurl-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t024017955z |
| author | tradergurl |
| permlink | re-suit5-re-tradergurl-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t093923702z |
| title | |
| body | That seems to be a problem for the majority of crypto, it has no 'purpose' other than to make money for the issuer, typically just after the ICO when they leg it with the money. |
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"permlink": "re-suit5-re-tradergurl-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t093923702z",
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"body": "That seems to be a problem for the majority of crypto, it has no 'purpose' other than to make money for the issuer, typically just after the ICO when they leg it with the money.",
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}2018/05/17 06:48:30
2018/05/17 06:48:30
| parent author | suit5 |
| parent permlink | re-fullcoverbetting-portfolio-update-week-20-2018-20180517t024302777z |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t064830860z |
| title | |
| body | My own excel spreadsheet. I do automatically extract the data via the api of coinmarketcap. It keep track of my fiat investments and all the average book prices of the coins bougth. Also how thy have to rise to make a profit and so on! I also have blockfolio on my phone. |
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"title": "",
"body": "My own excel spreadsheet. I do automatically extract the data via the api of coinmarketcap.\n\nIt keep track of my fiat investments and all the average book prices of the coins bougth. Also how thy have to rise to make a profit and so on!\nI also have blockfolio on my phone.",
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}2018/05/17 02:43:03
2018/05/17 02:43:03
| parent author | fullcoverbetting |
| parent permlink | portfolio-update-week-20-2018 |
| author | suit5 |
| permlink | re-fullcoverbetting-portfolio-update-week-20-2018-20180517t024302777z |
| title | |
| body | what tool do you use to monitor your cryptofolio? |
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"body": "what tool do you use to monitor your cryptofolio?",
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}suit5upvoted (100.00%) @fullcoverbetting / portfolio-update-week-20-20182018/05/17 02:40:27
suit5upvoted (100.00%) @fullcoverbetting / portfolio-update-week-20-2018
2018/05/17 02:40:27
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}2018/05/17 02:40:21
2018/05/17 02:40:21
| voter | suit5 |
| author | tradergurl |
| permlink | re-fullcoverbetting-portfolio-update-week-20-2018-20180515t171350914z |
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}2018/05/17 02:40:18
2018/05/17 02:40:18
| parent author | tradergurl |
| parent permlink | re-fullcoverbetting-portfolio-update-week-20-2018-20180515t171350914z |
| author | suit5 |
| permlink | re-tradergurl-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t024017955z |
| title | |
| body | I'd agree with you here @tradergurl . I'm invested in 8 different cryptos that I can monitor and keep up with. 4 of these make up 95% of my entire cryptfolio. I think when investing it is important to ask the question, what problem does this cryptocurrency solve. If it is solving a problem, or streamlining a process then it is worthwhile to look into it more and checkout the team, roadmap, and competitors. |
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"author": "suit5",
"permlink": "re-tradergurl-re-fullcoverbetting-portfolio-update-week-20-2018-20180517t024017955z",
"title": "",
"body": "I'd agree with you here @tradergurl . I'm invested in 8 different cryptos that I can monitor and keep up with. 4 of these make up 95% of my entire cryptfolio. I think when investing it is important to ask the question, what problem does this cryptocurrency solve. If it is solving a problem, or streamlining a process then it is worthwhile to look into it more and checkout the team, roadmap, and competitors.",
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}suit5followed @tradergurl2018/05/17 02:34:36
suit5followed @tradergurl
2018/05/17 02:34:36
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}suit5followed @numpypython2018/05/17 02:30:36
suit5followed @numpypython
2018/05/17 02:30:36
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}suit5upvoted (100.00%) @costanza / steemit-sports-betting-curation-may2018/05/17 02:30:21
suit5upvoted (100.00%) @costanza / steemit-sports-betting-curation-may
2018/05/17 02:30:21
| voter | suit5 |
| author | costanza |
| permlink | steemit-sports-betting-curation-may |
| weight | 10000 (100.00%) |
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}2018/05/15 09:55:39
2018/05/15 09:55:39
| voter | cub1 |
| author | suit5 |
| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| weight | 1700 (17.00%) |
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}2018/05/15 09:55:36
2018/05/15 09:55:36
| voter | cmp2020 |
| author | suit5 |
| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
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}2018/05/15 09:15:09
2018/05/15 09:15:09
| voter | hikaiaamohia |
| author | suit5 |
| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| weight | 10000 (100.00%) |
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}2018/05/15 08:26:54
2018/05/15 08:26:54
| parent author | fullcoverbetting |
| parent permlink | re-suit5-re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t082430279z |
| author | suit5 |
| permlink | re-fullcoverbetting-re-suit5-re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t082654745z |
| title | |
| body | alright good to know. thank you |
| json metadata | {"tags":["busy"],"app":"steemit/0.1"} |
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"title": "",
"body": "alright good to know. thank you",
"json_metadata": "{\"tags\":[\"busy\"],\"app\":\"steemit/0.1\"}"
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}2018/05/15 08:26:42
2018/05/15 08:26:42
| voter | suit5 |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t082430279z |
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}2018/05/15 08:24:45
2018/05/15 08:24:45
| voter | fullcoverbetting |
| author | suit5 |
| permlink | re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t081953751z |
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}2018/05/15 08:24:30
2018/05/15 08:24:30
| parent author | suit5 |
| parent permlink | re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t081953751z |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t082430279z |
| title | |
| body | Nope, no idea! There are doing some changes lately but I guess that notifications will not be included! I always use busy which has a lot more advantages. If you have a decent number of followers and use the busy tag as one of the 5 tags they even give you a free upvote! If you want the referral link, t me know 😂. Or you can just go to busy.org 😁 |
| json metadata | {"tags":["busy"],"community":"busy","app":"busy/2.4.0"} |
| Transaction Info | Block #22446798/Trx ecca9924e4b2b0a268c36b33f9c8e0f4ffc025b5 |
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"permlink": "re-suit5-re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t082430279z",
"title": "",
"body": "Nope, no idea! There are doing some changes lately but I guess that notifications will not be included!\nI always use busy which has a lot more advantages. If you have a decent number of followers and use the busy tag as one of the 5 tags they even give you a free upvote!\nIf you want the referral link, t me know 😂.\nOr you can just go to busy.org 😁",
"json_metadata": "{\"tags\":[\"busy\"],\"community\":\"busy\",\"app\":\"busy/2.4.0\"}"
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}2018/05/15 08:19:51
2018/05/15 08:19:51
| parent author | fullcoverbetting |
| parent permlink | ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you |
| author | suit5 |
| permlink | re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t081953751z |
| title | |
| body | thanks for that tutorial, that was helpful. Any idea as to why notifications aren't built into steemit.com itself? |
| json metadata | {"tags":["busy"],"app":"steemit/0.1"} |
| Transaction Info | Block #22446705/Trx c2f1fa3331b0d7cc5c1752c20f005e4a047872d5 |
View Raw JSON Data
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"permlink": "re-fullcoverbetting-ginabot-here-ginabot-there-but-what-it-is-and-how-does-it-help-you-20180515t081953751z",
"title": "",
"body": "thanks for that tutorial, that was helpful. Any idea as to why notifications aren't built into steemit.com itself?",
"json_metadata": "{\"tags\":[\"busy\"],\"app\":\"steemit/0.1\"}"
}
]
}2018/05/15 08:13:06
2018/05/15 08:13:06
| parent author | suit5 |
| parent permlink | re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z |
| author | kryptocek |
| permlink | re-suit5-re-kryptocek-steem-travels-spring-and-walks-20180515t081305737z |
| title | |
| body | Cheers man! Definitely join up if you get a chance! Ahh that would be so cool we went to NY last year would be fun to do a run there! How was your time? |
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"permlink": "re-suit5-re-kryptocek-steem-travels-spring-and-walks-20180515t081305737z",
"title": "",
"body": "Cheers man! Definitely join up if you get a chance! Ahh that would be so cool we went to NY last year would be fun to do a run there! How was your time?",
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}2018/05/15 08:12:06
2018/05/15 08:12:06
| from | ginabot |
| to | suit5 |
| amount | 0.001 STEEM |
| memo | Your account has been validated! |
| Transaction Info | Block #22446550/Trx 6c0b013d51cac7db40b464821f3a95f106581121 |
View Raw JSON Data
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}kryptocekupvoted (100.00%) @suit5 / re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z2018/05/15 08:12:03
kryptocekupvoted (100.00%) @suit5 / re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z
2018/05/15 08:12:03
| voter | kryptocek |
| author | suit5 |
| permlink | re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z |
| weight | 10000 (100.00%) |
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}2018/05/15 08:12:00
2018/05/15 08:12:00
| from | suit5 |
| to | ginabot |
| amount | 0.001 STEEM |
| memo | 284394196205305856 |
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View Raw JSON Data
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}suit5claimed reward balance: 0.021 STEEM, 0.475 SBD, 0.347 SP2018/05/15 08:08:36
suit5claimed reward balance: 0.021 STEEM, 0.475 SBD, 0.347 SP
2018/05/15 08:08:36
| account | suit5 |
| reward steem | 0.021 STEEM |
| reward sbd | 0.475 SBD |
| reward vests | 564.955583 VESTS |
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}2018/05/15 08:04:36
2018/05/15 08:04:36
| parent author | suit5 |
| parent permlink | re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080228102z |
| author | fullcoverbetting |
| permlink | re-suit5-re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080437110z |
| title | |
| body | Thx. I will. Don't forget to register for the SBC world cup contest! |
| json metadata | {"tags":["blockchain"],"community":"busy","app":"busy/2.4.0"} |
| Transaction Info | Block #22446400/Trx fb9d0ca1fa68f3a2d456e5a1657fcc1751140ae1 |
View Raw JSON Data
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"parent_permlink": "re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080228102z",
"author": "fullcoverbetting",
"permlink": "re-suit5-re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080437110z",
"title": "",
"body": "Thx. I will.\nDon't forget to register for the SBC world cup contest!",
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}2018/05/15 08:02:42
2018/05/15 08:02:42
| parent author | fullcoverbetting |
| parent permlink | re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t075656692z |
| author | suit5 |
| permlink | re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080228102z |
| title | |
| body | Ha yea, despite all the blockchain hype, I do believe that one of the best use cases for blockchain and smart contracts is betting. Wagerr and Bookie are my two favorites, for a full breakdown on why you can check out my previous post. |
| json metadata | {"tags":["blockchain"],"app":"steemit/0.1"} |
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"parent_permlink": "re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t075656692z",
"author": "suit5",
"permlink": "re-fullcoverbetting-re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t080228102z",
"title": "",
"body": "Ha yea, despite all the blockchain hype, I do believe that one of the best use cases for blockchain and smart contracts is betting. Wagerr and Bookie are my two favorites, for a full breakdown on why you can check out my previous post.",
"json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
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}2018/05/15 07:56:57
2018/05/15 07:56:57
| parent author | suit5 |
| parent permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| author | fullcoverbetting |
| permlink | re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t075656692z |
| title | |
| body | Indeed curious what the impact of this will be. Guess it is time to buy some blockchain bettings coins. In which project do you have the most faith? |
| json metadata | {"tags":["blockchain"],"community":"busy","app":"busy/2.4.0"} |
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"parent_permlink": "how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects",
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"permlink": "re-suit5-how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects-20180515t075656692z",
"title": "",
"body": "Indeed curious what the impact of this will be.\nGuess it is time to buy some blockchain bettings coins.\nIn which project do you have the most faith?",
"json_metadata": "{\"tags\":[\"blockchain\"],\"community\":\"busy\",\"app\":\"busy/2.4.0\"}"
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}2018/05/15 07:55:09
2018/05/15 07:55:09
| parent author | kryptocek |
| parent permlink | steem-travels-spring-and-walks |
| author | suit5 |
| permlink | re-kryptocek-steem-travels-spring-and-walks-20180515t075507097z |
| title | |
| body | Nice post. I may have to participate in. I wish you had this last year as I was training for the NYC marathon, running like 35miles a week ha. Good luck in your half marathon coming up. |
| json metadata | {"tags":["steemtravels"],"app":"steemit/0.1"} |
| Transaction Info | Block #22446211/Trx cea67604bc61066086d844293dec5944610e74da |
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"body": "Nice post. I may have to participate in. I wish you had this last year as I was training for the NYC marathon, running like 35miles a week ha. Good luck in your half marathon coming up.",
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}suit5upvoted (100.00%) @kryptocek / steem-travels-spring-and-walks2018/05/15 07:53:09
suit5upvoted (100.00%) @kryptocek / steem-travels-spring-and-walks
2018/05/15 07:53:09
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2018/05/15 07:08:09
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2018/05/15 07:07:00
| parent author | |
| parent permlink | blockchain |
| author | suit5 |
| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| title | How will the recent Supreme Courts appeal of PASPA effect sports gambling blockchain projects? |
| body | <html> <p><img src="http://www.ktvh.com/wp-content/uploads/1280x720_80514B00-SYUGA.jpg"/></p> <p>Sports Gambling within the US has been illegal in all places except Nevada since 1992. That was until yesterday, when the US Supreme Court ruled that Professional and Amateur Sports Protection Act (PASPA) was unconstitutional. This ruling is bound to have big effects on the gambling industry within the US. My home state of New Jersey was the state who pressed the subject, and now that they have won, every other US state will likely follow suit and legalize sports gambling as well. Connecticut, Delaware, Mississippi, Pennsylvania and West Virginia have already taken steps to legalize and have been anxiously awaiting this decision.</p> <p>Interestingly enough 2 months ago <a href="https://steemit.com/blockchain/@suit5/why-sports-gambling-is-about-to-change-forever-part-1">I wrote about the current state of Gambling within the US</a>, and what would happen if PASPA was repealed. My thoughts haven’t changed much, but here is a further breakdown of what I think will happen and how it will affect blockchain based sports gambling platforms in the future. </p> <p>Nevada's Gaming Control board reported $4.8 billion in sports bets last year. $150 billion is estimated to be gambled illegally last year through off-shore, black market bookies. So that is only 3.2% gambled legally. Although it is deemed, “illegal” no one has ever been arrested for sports gambling in the US. However, running a sports gambling book in the US has been prosecuted against and is why most of the ‘illegal’ sports gambling is currently done through offshore websites. Now, would your typical gambler who has been using an offshore bookie for years make the switch over to a legal bookie where he has to pay more in fees as well as be taxed? My guess is no, if their current offshore bookie has a proven track record of being reliable, they will not move to a new legalized platform. </p> <p><strong>How much higher fees are we talking about?</strong> </p> <p>Over the past 10 years, Nevada sportsbooks have averaged 5.3% annual profit margin, according to a study by UNLV's Center for Gaming Research. 5.3% is already pretty slim. Now, Sports leagues like the NBA are making a case that they would like 1% of profits of gambles placed on their games, claiming a new cost of theirs will be to ensure the integrity of the game by setting up regulations and governing authorities to watch for any thrown games or insider information leaks. For example, the information of whether Lebron will or will not play tonight could be leaked to gambler to make huge bets. I believe the Sports leagues will eventually get their way and cause sportsbooks to either raise fees to be even higher or it will cut back on margins. This puts legalized sports betting platforms at a huge disadvantage. Overall there will be four different operators of gambling sites. </p> <ol> <li> Licensed by the state sports gambling sites (FanDuel, Draftkings, ect)-These will have the highest fees because they will have to also pay the state. They keep records of all your bets and will provide documentation on how to report your winnings or losses to the IRS. Will also have to pay the sports leagues</li> <li>State run sports gambling sites- same as above except these won’t have the state fees </li> <li>Offshore operated platforms (97% used right now)- Have lower fees than both above and no one pays taxes on these </li> <li>Blockchain sports gambling platforms- these will be run globally and will be able to offer the lowest fees. All bets may or may not be recorded in your name, depending on the platform you choose. Most will not report taxes using these</li> </ol> <p>The legalization of sports gambling situation shares many parallels with the legalization of marijuana in Colorado. After it was legalized, did many users drop their dealers and buy legally with a 30% tax added on? A <a href="http://www.westword.com/Marijuana/2017/05/18/cannabis-consumers-coalition-survey-answers-questions-about-marijuana-use">Cannabis Consumer Coalition study</a> in which 84 percent of the respondents identified as daily users asked where they bought their pot. Fewer than 12 percent said they bought cannabis from a recreational dispensary, while nearly 46 percent said they still buy off the black market and 15 percent said they grow their own. I wonder how many of those 84% were daily users before legalization, and how many of them made the switch from black market weed to weed from a dispensary. Either way, 46 % is still huge. I would imagine that nationwide legalization of sports gambling will discourage the black market even less, since it is 10 times easier to click a few buttons on your phone to place a bet at an offshore bookie than to obtain illegal marijuana. </p> <p>Does anyone remember a few years ago when Draftkings and Fanduel started? You couldn’t watch a game on tv or read a sports magazine without seeing 10 advertisements. They then abruptly stopped when the US made them, saying that fantasy sports was considered sports gambling. Well now that it’s legal you can bet that the crazy amount of advertisements will be back everywhere you look. These advertisements will create an influx of new bettors: </p> <ol> <li>New bettors who never thought about betting before until they saw the commercials</li> <li>Those who stayed away from sports wagering because it was illegal or did not trust offshore bookies</li> <li>People who have wanted to bet, but never knew, or bothered to look around for a bookie to make bets with</li> </ol> <p>Growing the sports gambling market can have two different outcomes for blockchain sports gambling platforms. On one hand, these newcomers may eventually realize the lower fees and therefore better odds many blockchain gambling platforms can offer and switch over. On the other hand, they may decide to stick to what they are used to, and trust in their current legalized platform. I think that there will always be a market for platforms who can offer the lowest fees, and that they eventually may have the highest market share despite being deemed “illegal”. </p> <p><strong>But won’t the government come after blockchain based sports gambling companies and shut them down?</strong></p> <p> It’s pretty doubtful right now. Currently there are so many offshore bookies which have been operating for years without any US government intervention. It’s hasn’t been cost effective for the US government to track them all down, especially since before this ruling the government wasn’t really losing much money. If all US states decide to legalize gambling and they are still losing a lot of money to the black market will they try to shut them down? It could be possible for them to come after some of these offshore sites that allow US citizens to bet. However, any of these blockchain sports gambling platforms that are truly decentralized, the US government will not be able to shut down, just like they cannot shutdown or stop Bitcoin. The blockchain platform will be supported by thousands of computers simultaneously spread out throughout the world so to shut it down would be nearly impossible. </p> <p>One aspect where blockchain gambling platforms may be at a disadvantage is ease of use. Many people may be deterred from converting dollars into cryptocurrency to place their bets, but it seems like younger people are becoming more and more familiar using crypto. Another issue is how volatile some of the cryptocurrencies can be. Your cryptocurrency when you made your bet back in August before the football season started was worth $400 USD, but by the time the season is over it could be worth $50 or $1000 in your cryptocurrency. </p> <p>Overall I think that the benefits of Blockchain based sports gambling that I have listed here and <a href="https://steemit.com/crypto/@suit5/sports-gambling-blockchain-projects">in my previous blogs</a> are still very strong. This ruling increases the overall market of sports gambling and some of that market is bound to spill into crytpocurreny platforms with lower fees and better odds especially as cryptocurrency becomes more widely used and accepted. What do you think? I welcome your comments and thoughts below. </p> <p>Please upvote, share, and Follow Suit if you enjoyed my post </p> </html> |
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"body": "<html>\n<p><img src=\"http://www.ktvh.com/wp-content/uploads/1280x720_80514B00-SYUGA.jpg\"/></p>\n<p>Sports Gambling within the US has been illegal in all places except Nevada since 1992. That was until yesterday, when the US Supreme Court ruled that Professional and Amateur Sports Protection Act (PASPA) was unconstitutional. This ruling is bound to have big effects on the gambling industry within the US. My home state of New Jersey was the state who pressed the subject, and now that they have won, every other US state will likely follow suit and legalize sports gambling as well. Connecticut, Delaware, Mississippi, Pennsylvania and West Virginia have already taken steps to legalize and have been anxiously awaiting this decision.</p>\n<p>Interestingly enough 2 months ago <a href=\"https://steemit.com/blockchain/@suit5/why-sports-gambling-is-about-to-change-forever-part-1\">I wrote about the current state of Gambling within the US</a>, and what would happen if PASPA was repealed. My thoughts haven’t changed much, but here is a further breakdown of what I think will happen and how it will affect blockchain based sports gambling platforms in the future. </p>\n<p>Nevada's Gaming Control board reported $4.8 billion in sports bets last year. $150 billion is estimated to be gambled illegally last year through off-shore, black market bookies. So that is only 3.2% gambled legally. Although it is deemed, “illegal” no one has ever been arrested for sports gambling in the US. However, running a sports gambling book in the US has been prosecuted against and is why most of the ‘illegal’ sports gambling is currently done through offshore websites. Now, would your typical gambler who has been using an offshore bookie for years make the switch over to a legal bookie where he has to pay more in fees as well as be taxed? My guess is no, if their current offshore bookie has a proven track record of being reliable, they will not move to a new legalized platform. </p>\n<p><strong>How much higher fees are we talking about?</strong> </p>\n<p>Over the past 10 years, Nevada sportsbooks have averaged 5.3% annual profit margin, according to a study by UNLV's Center for Gaming Research. 5.3% is already pretty slim. Now, Sports leagues like the NBA are making a case that they would like 1% of profits of gambles placed on their games, claiming a new cost of theirs will be to ensure the integrity of the game by setting up regulations and governing authorities to watch for any thrown games or insider information leaks. For example, the information of whether Lebron will or will not play tonight could be leaked to gambler to make huge bets. I believe the Sports leagues will eventually get their way and cause sportsbooks to either raise fees to be even higher or it will cut back on margins. This puts legalized sports betting platforms at a huge disadvantage. Overall there will be four different operators of gambling sites. </p>\n<ol>\n <li> Licensed by the state sports gambling sites (FanDuel, Draftkings, ect)-These will have the highest fees because they will have to also pay the state. They keep records of all your bets and will provide documentation on how to report your winnings or losses to the IRS. Will also have to pay the sports leagues</li>\n <li>State run sports gambling sites- same as above except these won’t have the state fees </li>\n <li>Offshore operated platforms (97% used right now)- Have lower fees than both above and no one pays taxes on these </li>\n <li>Blockchain sports gambling platforms- these will be run globally and will be able to offer the lowest fees. All bets may or may not be recorded in your name, depending on the platform you choose. Most will not report taxes using these</li>\n</ol>\n<p>The legalization of sports gambling situation shares many parallels with the legalization of marijuana in Colorado. After it was legalized, did many users drop their dealers and buy legally with a 30% tax added on? A <a href=\"http://www.westword.com/Marijuana/2017/05/18/cannabis-consumers-coalition-survey-answers-questions-about-marijuana-use\">Cannabis Consumer Coalition study</a> in which 84 percent of the respondents identified as daily users asked where they bought their pot. Fewer than 12 percent said they bought cannabis from a recreational dispensary, while nearly 46 percent said they still buy off the black market and 15 percent said they grow their own. I wonder how many of those 84% were daily users before legalization, and how many of them made the switch from black market weed to weed from a dispensary. Either way, 46 % is still huge. I would imagine that nationwide legalization of sports gambling will discourage the black market even less, since it is 10 times easier to click a few buttons on your phone to place a bet at an offshore bookie than to obtain illegal marijuana. </p>\n<p>Does anyone remember a few years ago when Draftkings and Fanduel started? You couldn’t watch a game on tv or read a sports magazine without seeing 10 advertisements. They then abruptly stopped when the US made them, saying that fantasy sports was considered sports gambling. Well now that it’s legal you can bet that the crazy amount of advertisements will be back everywhere you look. These advertisements will create an influx of new bettors: </p>\n<ol>\n <li>New bettors who never thought about betting before until they saw the commercials</li>\n <li>Those who stayed away from sports wagering because it was illegal or did not trust offshore bookies</li>\n <li>People who have wanted to bet, but never knew, or bothered to look around for a bookie to make bets with</li>\n</ol>\n<p>Growing the sports gambling market can have two different outcomes for blockchain sports gambling platforms. On one hand, these newcomers may eventually realize the lower fees and therefore better odds many blockchain gambling platforms can offer and switch over. On the other hand, they may decide to stick to what they are used to, and trust in their current legalized platform. I think that there will always be a market for platforms who can offer the lowest fees, and that they eventually may have the highest market share despite being deemed “illegal”. </p>\n<p><strong>But won’t the government come after blockchain based sports gambling companies and shut them down?</strong></p>\n<p> It’s pretty doubtful right now. Currently there are so many offshore bookies which have been operating for years without any US government intervention. It’s hasn’t been cost effective for the US government to track them all down, especially since before this ruling the government wasn’t really losing much money. If all US states decide to legalize gambling and they are still losing a lot of money to the black market will they try to shut them down? It could be possible for them to come after some of these offshore sites that allow US citizens to bet. However, any of these blockchain sports gambling platforms that are truly decentralized, the US government will not be able to shut down, just like they cannot shutdown or stop Bitcoin. The blockchain platform will be supported by thousands of computers simultaneously spread out throughout the world so to shut it down would be nearly impossible. </p>\n<p>One aspect where blockchain gambling platforms may be at a disadvantage is ease of use. Many people may be deterred from converting dollars into cryptocurrency to place their bets, but it seems like younger people are becoming more and more familiar using crypto. Another issue is how volatile some of the cryptocurrencies can be. Your cryptocurrency when you made your bet back in August before the football season started was worth $400 USD, but by the time the season is over it could be worth $50 or $1000 in your cryptocurrency. </p>\n<p>Overall I think that the benefits of Blockchain based sports gambling that I have listed here and <a href=\"https://steemit.com/crypto/@suit5/sports-gambling-blockchain-projects\">in my previous blogs</a> are still very strong. This ruling increases the overall market of sports gambling and some of that market is bound to spill into crytpocurreny platforms with lower fees and better odds especially as cryptocurrency becomes more widely used and accepted. What do you think? I welcome your comments and thoughts below. </p>\n<p>Please upvote, share, and Follow Suit if you enjoyed my post </p>\n</html>",
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2018/05/15 07:01:57
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}suit5upvoted (100.00%) @costanza / steemit-betting-community-or-mission-statement2018/05/15 07:00:36
suit5upvoted (100.00%) @costanza / steemit-betting-community-or-mission-statement
2018/05/15 07:00:36
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2018/05/15 06:55:09
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}2018/05/15 06:54:48
2018/05/15 06:54:48
| parent author | |
| parent permlink | blockchain |
| author | suit5 |
| permlink | how-will-the-recent-supreme-courts-appeal-of-papsa-effect-sports-gambling-blockchain-projects |
| title | How will the recent Supreme Courts appeal of PASPA effect sports gambling blockchain projects? |
| body | @@ -964,17 +964,16 @@ if PASPA - wa @@ -984,28 +984,16 @@ pealed. - My thoug @@ -1812,28 +1812,27 @@ ees -due to the stat +as well as b e tax +ed ? My @@ -1951,33 +1951,30 @@ o a -platform with higher fees +new legalized platform . &n @@ -3612,33 +3612,35 @@ ill -not have to pay the state +be able to offer the lowest fee @@ -4714,14 +4714,18 @@ ill -lessen +discourage the @@ -7570,20 +7570,8 @@ liar - and used to + usi |
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"title": "How will the recent Supreme Courts appeal of PASPA effect sports gambling blockchain projects?",
"body": "@@ -964,17 +964,16 @@\n if PASPA\n- \n wa\n@@ -984,28 +984,16 @@\n pealed. \n- \n My thoug\n@@ -1812,28 +1812,27 @@\n ees \n-due to the stat\n+as well as b\n e tax\n+ed\n ? My\n@@ -1951,33 +1951,30 @@\n o a \n-platform with higher fees\n+new legalized platform\n . &n\n@@ -3612,33 +3612,35 @@\n ill \n-not have to pay the state\n+be able to offer the lowest\n fee\n@@ -4714,14 +4714,18 @@\n ill \n-lessen\n+discourage\n the\n@@ -7570,20 +7570,8 @@\n liar\n- and used to\n \n+\n usi\n",
"json_metadata": "{\"tags\":[\"blockchain\",\"sportsgambling\",\"crypto\",\"sports\"],\"image\":[\"http://www.ktvh.com/wp-content/uploads/1280x720_80514B00-SYUGA.jpg\"],\"links\":[\"https://steemit.com/blockchain/@suit5/why-sports-gambling-is-about-to-change-forever-part-1\",\"http://www.westword.com/Marijuana/2017/05/18/cannabis-consumers-coalition-survey-answers-questions-about-marijuana-use\",\"https://steemit.com/crypto/@suit5/sports-gambling-blockchain-projects\"],\"app\":\"steemit/0.1\",\"format\":\"html\"}"
}
]
}2018/05/15 06:39:33
2018/05/15 06:39:33
| voter | braindizzle |
| author | suit5 |
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