Visa Says You Can Buy Almost Anything, Except Crypto Currencies

The news this week is that several banks in the USA and the UK have banned the use of credit cards to purchase crypto currencies (CC’s). The stated reasons are impossible to believe – like trying to curtail money laundering, gambling, and protecting the retail investor from excessive risk. Interestingly, the banks will allow debit card purchases, making it clear that the only risks being protected are their own.

With a credit card you can gamble at a casino, buy guns, drugs, alcohol, pornography, everything and anything you desire, but some banks and credit card companies want to prohibit you from using their facilities to purchase crypto currencies? There must be some believable reasons, and they are NOT the reasons stated.

One thing that banks are afraid of is how difficult it would be to confiscate CC holdings when the credit card holder defaults on payment. It would be much more difficult than re-possessing a house or a car. A crypto wallet’s private keys can be put on a memory stick or a piece of paper and easily removed from the country, with little or no trace of its whereabouts. There can be a high value in some crypto wallets, and the credit card debt may never be repaid, leading to a declaration of bankruptcy and a significant loss for the bank. The wallet still contains the crypto currency, and the owner can later access the private keys and use a local CC Exchange in a foreign country to convert and pocket the money. A nefarious scenario indeed.

We are certainly not advocating this kind of unlawful behavior, but the banks are aware of the possibility and some of them want to shut it down. This can’t happen with debit cards as the banks are never out-of-pocket – the money comes out of your account immediately, and only if there is enough of your money there to start with. We struggle to find any honesty in the bank’s story about curtailing gambling and risk taking. It’s interesting that Canadian banks are not jumping on this bandwagon, perhaps realizing that the stated reasons for doing so are bogus. The fallout from these actions is that investors and consumers are now aware that credit card companies and banks really do have the ability to restrict what you can purchase with their credit card. This is not how they advertise their cards, and it is likely a surprise to most users, who are quite used to deciding for themselves what they will purchase, especially from CC Exchanges and all the other merchants who have established Merchant Agreements with these banks. The Exchanges have done nothing wrong – neither have you – but fear and greed in the banking industry is causing strange things to happen. This further illustrates the degree to which the banking industry feels threatened by Crypto Currencies.

At this point there is little cooperation, trust, or understanding between the fiat money world and the CC world. The CC world has no central controlling body where regulations can be implemented across the board, and that leaves each country around the world trying to figure out what to do. China has decided to ban CC’s, Singapore and Japan embrace them, and many other countries are still scratching their heads. What they have in common is that they want to collect taxes on CC investment profits. This is not too unlike the early days of digital music, with the internet facilitating the unfettered proliferation and distribution of unlicensed music. Digital music licensing schemes were eventually developed and accepted, as listeners were OK with paying a little something for their music, rather than endless pirating, and the music industry (artists, producers, record companies) were OK with reasonable licensing fees rather than nothing. Can there be compromise in the future of fiat and digital currencies? As people around the world get more fed up with outrageous bank profits and bank overreach into their lives, there is hope that consumers will be regarded with respect and not be forever saddled with high costs and unwarranted restrictions.

Crypto Currencies and Blockchain technology increase the pressure around the globe to make a reasonable compromise happen – – this is a game changer.

Stay tuned!

Are You Planning to Buy Pachislo Slot Machines?

There is no question that gambling can sorely test the mind, heart, and soul of any person. In fact, gambling addiction has created chaos in all walks of life. No matter whether a person gambles on the horses, the stock market, or Pachislo slot machines, it can become extremely dangerous to financial health.

Perhaps this is one reason it may be of some help to have slot machines and other devices in the home. At the very least, you can have fun playing the slots, and then take the money back out of the box again at the end of the day.

What are Pachislo Slot Machines?

If you have never heard of Pachislo games, then you may not realize they are a bit different from the "one arm bandits" you normally see in casinos. Basically, Pachislo slot machines are based on a game called Pachinko. When you play Pachinko, a ball or disk is set loose at the top of a board.

The board, in turn, is filled with pegs that create changes in direction. Once the ball or disk arrives at the bottom of the board, it will land it a slot with a numerical value. As may be expected, a Pachislo machine includes a number of electronic components to enhance the basic Pachinko game.

Japan, Gambling Laws and the Yakuza

Before you buy Pachislo slot machines, you may want to know more about their exciting and colorful history in their nation of origin, Japan. As you may be aware, Japan has strict laws about how members of society are to comport themselves.

In fact, disobedience to laws can be something that will cause a person to commit suicide rather than endure the shame of going through the court system. Today, as in history, the laws of Japan strictly outlaw gambling. Depending on the situation, the penalties for gambling can be far more severe than what would be faced in other countries.

As can be expected of Japanese culture, the people have found "loopholes" to exploit in their own laws that enable them to go on playing Pachislo. Basically, Pachislo parlors do not give out money. Instead, they give out tokens that are taken to another business establishment that launders them for money and other items.

Typically, these laundering operations are owned by Yakuza. It is important to understand that the Yakuza are not officially recognized as part of the government, nevertheless, they are intimately and intricately tied to the very heart and substance of Pachislo. Therefore, no conversation on Pachislo slot machines can be considered complete without a thorough discussion of the Yakuza and their many exploits. This includes funneling Pachislo slot machines profits into whale hunts.

Bringing Slot Games Into Your Life

There is no question that the past and present implications of the Pachislo game are quite exciting. No matter how you look at it, these machines represent the ultimate Japanese tendency to combine an endless number of paradoxes.

Once you start researching the Yakuza and the history of Pachislo, you are sure to be amazed at the mental outlook of Japanese society. As you look at all of this titillating information, you are sure to feel very happy knowing that you can relax and enjoy a good game of Pachinko in your own home.

Excitement

Many people who buy Pachislo slot machines are looking for a bit of variety for their gambling pursuits. There is no question that Pachislo can be more exciting than simply pulling on a lever, and then waiting to see if five objects line up in a row.

When you combine various electronic game integrations, it can easily create a riveting, addictive experience. Today, you can find dozens of machines programmed with specific types of music, light patterns, and other forms of stimulation. No doubt, you will spend hours on end enjoying these games and their endlessly changing landscapes.

A Game of Skill

Pachislo can easily give you the idea that some skill is involved in terms of choosing where to release the ball, and the speed it starts out with. Therefore, if you feel self-conscious about gambling on random events, you may feel more comfortable with Pachislo. If you practice enough, you may just find all sorts of ways to win the game as often as possible.

As a general rule of thumb, Pachislo is far less complicated than trying to figure out which business, horse, or national currency will beat out all the others. At the very least, you won't be up day and night poring over stock portfolios, or wondering which horse will win the next race. Typically, all you will need to do is figure out the best place to release a ball in order to ensure it hits a suitable spot at the bottom.

For Intellectually Superior Gamblers

As a general rule of thumb, individuals who buy Pachislo slot machines may not care much about the symbolic implications of the Yakuza and items that stem from Japanese society. Nevertheless, as a moral human being and law-abiding citizen, each person who is contemplating buying these machines should know the facts.

If you are interested in history, gambling, and organized crime, you may well enjoy having this type of machine in your home as a matter of philosophical interest. You may even want to introduce your children to it and ensure that they learn how to have a loving and compassionate view of the entire matter.

Individuals that are interested in playing Pachislo do not need to go to a gambling parlor in order to satisfy their passion. Today, you can find an endless number of these devices to use right in your own home. No matter whether you put them in a separate gaming room, or in your kitchen, they are sure to be a wonderful conversation piece. At the same time, you can always think about the state of the modern world while you are gambling.