Bitcoin Forum

Bitcoin testnet, is the version of bitcoin made to do testing, that way developers don't risk money while they are coding an engine that involves bitcoin or a node. And it was supposed to never have a value, until an exchange decided to list it, and now it has a market.

https://altquick.com/exchange/market/BitcoinTestnet

So, the question here is, would you like to see a casino that allows you to bet with Bitcoin Testnet?

The risk about this "coin" is that it can be depreciated and restarted at any moment, that's why it used to be on version 3 (which is still alive), and version 4 is in the process right now.

I will prefer to use bitcoin to gamble. Bitcoin testnet is for testing. Some people can be buying and selling it but it does not worth it for me. If I need another coin to gamble, I will prefer to use USDT, USDC or any other stable coin to gamble. If it is not bitcoin mainnet, bitcoin lightning network and stablecoin like USDT or USDC, I do not use any other coin. Even bitcoin testnet I can not also use it to gamble.

No casino that I know of uses bitcoin testnet this coin only for testing for developers whereas casinos would be a bit difficult to integrate, after all who would gamble with this free money?
Well I don't know enough about bitcoin testnet v3 will be in research and v4 will be in process soon, is this part of testing for developers?
And I'm sure no one will gamble with testnet coins, usually casinos have their own testnet coins to test casino demo games.

Why? if the casino have their own faucet or worthless coin or the gambling providers offer demo play for their games, I don't see any reason why we need to use Bitcoin testnet because they all same.

AFAIK there are no casinos that offer Bitcoin testnet to test their casinos and I think it's harder for beginner to use Bitcoin testnet.

Bitcoin testnet is for testing of projects to avoid losses if real bitcoin is used due to some mistakes that was not gotten right. I have seen in this forum that some members mine bitcoin testnet and give it out for free to whoever wants to use it on their project or to learn with it because it is valueless.

It will be funny for any gambler to use bitcoin testnet for gambling just like it will be useless for any investor to buy bitcoin testnet and keep hodli as an investment instead of using it for their experiments. I will not gamble with bitcoin testnet when there is real bitcoin and USDT.

If this was something I had then I would have loved to see it in a casino but since I don’t have any Bitcoin Testnet so I don’t really care if they get incorporated into a casino or not.

Since it now has value don’t you think we should think of it the same way as we think of other crypto we have? If it was back then when we could not sell them due to not being listed I would have had a different opinion on this topic but since there’s a way to convert it to other crypto and fiat then it should be treated the same as others and the same feeling we get when  new coin gets added to a casino should be felt here as well.

Unless I have those testnet tokens reserved somewhere that I'm looking for, I won't take the double risk of taking my money to go and buy BTC testnet tokens just to gamble when I could possibly just use that money to gamble someone else where I don't have to worry about my holding being devalued over night.
 
Let it just be that the risk I am facing is the risk of losing in gambling and not living with the fear of devaluation. What if the only exchange that listed it decides to delist and pull off all liquidity?

In my years of gambling on Cryptocurrency,  I have not encountered a Bitcoin testnet; what I usually encounter is casinos' test token, which has no value just for new signups to test their platform.

If the casino does not offer free spins and I want to test the platform, I use a small amount to deposit and have done this on some casinos I sign up with; it is always better to test the platform with a small amount, but this is after you read independent reviews about a particular casino.

We have to look in to this on two critical perspectives, the first is on what the gambler want to see regarding this, gamblers will want this to be more effective because most of them have already acquired the tbtc because they have received them a long time ago freely performing some task or claiming from some site and this will make them to easily gamble without having to use bitcoin or any other crypto, the casinos would not support for this because of gamblers will not generate them a level of income required in a reasonable amount since they can gamble with tbtc.

Casino usually has its own free money token or demo mode to enjoy the game without using real money. Some casino like coins.game has candy token(free money token) which you can use to compete with free tournaments with real rewards which is much better than using testnet Bitcoin that same no value yet you can earn real money by growing your free tokens.

I hate the idea of using demo mode/valueless token when gambling because there’s a lot of games that you can enjoy on this version while gambling usually can only be enjoyed when you stake something on it.

As the name suggests, Bitcoin testnet is only intended for testing, it is not recommended to use it directly on regular transactions, so when someone uses it for their gambling, there is a high probability that there will be a problem that the gambler does not want. Moreover, why would someone use Bitcoin testnet when they can use Bitcoin mainnet for their gambling? It just doesn't make sense for someone to use a testing asset when they can use the real asset, unless they are very bored and have nothing to do.

Not make any sense, testing coins = is just testing.

Why "CASINO" need to maintain a wallet for testing coming to testing their casino while they just can created demo/virtual coins for testing purpose. If we seeing for management and business flow these is not really make any sense and just make our resource more heavy.

Virtual/demo coins from casino already a good move for testing purpose.

hell no  >:(  I hope no casino decide to use bitcoin for gambling. Ok for use this coins as TEST... the reason they have been invented!
Please note that this blockchain can be "deleted or re-arranged" by devs so it should be used for test purpose and nothing related economic aspect should be used with bitcoin test.

It’s not a bad idea to bet on using tBTC because you are technically not using any money but gambling without risk. I think it is a choice that you can make on a site. It can be a simulation type of thing when you have that much in BTC, and you think it’s actual.

It can be a problem for people who might be addicted to gambling and have actual BTC.

There is no need to use bitcoin testnet instead let them give bonus to test their casino or the gambler can use the demo account to test the casinos. I have not used the bitcoin testnet before so I will not like to use it. But I will like to use it for the testing purpose and not for gambling. And I think that should be less risk because it is not real money. And that is similar with demo.

Are you thinking of starting a casino that accepts Bitcoin testnet coins, seoincorporation?

Don't listen to what people say and watch what people do. We may say that this is not interesting and if we see it as an option become active users of this new gambling modality.

In addition, as you said, it is not a worthless coin anymore: it has some value from the moment it is listed. Very cheap but also very risky because it can be worth nothing at any point. But isn't betting precisely for risk-takers?

If it has a value then most are probably all for a casino adding it, but devs would probably rather see it stay as a testing currency. If you are able to claim from the faucets still then I don't expect the market to ever get very high. I know there were a few faucets that were giving out like .01 per claim or something at 1 point.

I personally don't think it should have a value.

I don't think would be an interesting way for gamblers to play in a casino.The value would be very small and not interesting at all for gamblers or casinos to bother listing this as a currency to their offerings,in fact from what I have seen in many big reputable casinos is that even some major cryptos are not yet accepted in there like Ethereum Classic with only BC-Game casino offering it and in fact being one of the most user friendly in the amount of currencies it allows a gambler to play.Personally I don't see any value from such tBTC coin and their value is when the developers are testing as that is the purpose for which these type of coins were created in the first place.

Since the casino will also offer the demo for testing their games before I play in their site, I won't want to waste much time playing with the testnet. Bitcointestnet is for testing of projects and that what it was created for. It doesn't have real life value nor will it make and useful profits. So buying it from an exchange with my own funds is like giving out money own money. I'll rather just play in demo instead and bet using USDT. I don't bet with BTC as I see no reason why I should waste my coins on gambling. Beside, I woul love to see the same value of the coin I left when I return to gamble and of cause only a stable coin can retain units pegged value.

It is not interesting if you only use bitcoin which is a bitcoin testing, although some people might be able to sell or give TBTC from several sellers, but if for gambling, I think it feels less, because maybe in terms of value and certainty of the coin itself, and as you say That it could be reset from the beginning and we will lose it, I better use the original Bitcoin that has been mainnet and or uses other coin/altcoin which incidentally has no worse risk than the tesnet or testing.

If it's going to involve risking money, that is, if I will still have to spend money to buy the bitcointestnet, deposit it to the casino to gamble with it, why wouldnt I go for the Mainnet version of bitcoin instead?

If obtaining the bitcointestnet was free just as it was in the old days, in the first place, I bet it will even be stupidity to imagine that a casino will list a valueless asset to allow gamblers deposit and gamble using that asset, but since an exchange listed the bitcointestnet and It currently have a value, I still will not or can not use it for gambling since I did rather prefer to spend that money on the real bitcoin instead.
Specially when it is only listed on just one shitty exchange, what if this exchange decided to delist it? What then happen to the value?, it goes back to being valueless right.. Lolz.

Some casinos have their own coin for testing. It has no value and can not be withdrawn. Bitcoin Testnet is hard to get now.

I want to say in this regard when there was no risk how we can say that gambling? It's must have contained the risk then we can say that Gambling.
Otherwise, there is already demo option to play without any risk in most of the casinos. There already the casino used their own demo coins for playing gambling. And if there will be any option like gambling by using the bitcoin testnet then that will be also like demo playing.
And I can also say that most of peoples will say there is nothing fun on the demo games except learning the games.

Why using testnet to gamble while we have the Bitcoin itself, the name implies testnet I won't go use it for any other purpose except for the main purpose it was created as. In fact it's very good to gamble with trusted coin that has been listed in betting site than this one that is just listing on exchanged, however I never come across this exchange that listed them. Could it be that they are just trying to attract attention to themselves while people keep using that platform to trade and do whatever?

Honestly, no

I also think it would be a bad precedent since such integration would mean it's functioning more like a regular cryptocurrency when it shouldn't have value and supposed to be for testing only. Though I would say if such actions continue and eventually booms (like more services doing the same thing), we may be seeing more frequent reset from developers, just a theory though.

I don't know if any casino or gambling site has the option to participate in gambling with testnet bitcoin as of now. However, it is not possible to say with certainty whether it will be launched in the future with the evolution of time. But since there is no valid value of Testnet Bitcoin so far, it is very likely that gamblers are not very aware of this Bitcoin.  However, gambling and casino authorities are not making any plans with this testnet bitcoin.

I was really surprised about this when I first saw a thread about it on Bitcoin Discussion. People will really take the opportunity to make money off of anything.

I'd say I am indifferent to it. I mean, I don't really care if a casino allows gamblers on their casino to bet using Bitcoin Testnet. if I want to gamble I would rather use other altcoins.

This thread sounds some what incomplete for me, because what I know about testnet it mostly used for pre live activities, such as a demo activities that doesn't have any real life value, so gambling is somewhat more serious to be done on a testnet mode, when we can actually gamble with real live Bitcoin and if luck be with you winning becomes your portion and you can cash out in real life , any ways may what you looking for is somewhat different from what I can point out from this whole discussion so for that I will continue to read response and comments to get clearer picture of the discussions as we move on this topic.

Why would casino accept Bitcoin testnet?
There is no financial value for this coins, not counting shady exchanges, so only reason to use this coins is when new casino wants to test if everything is working correctly.
Bitcoin testnet is almost the same as demo money on casinos.

No I wouldn't like it. Bitcoin testnet should be reserved for development and should be free of charge and with no value in monetary terms. We would be doing harm by opening a casino on it. Better just stick to something else. It's a network for testing, not for play pretend that we have lots of coins. There could be a second or third testnet for less legitimate purposes anyway.

I would like to see how they're going to do it. But me, personally using it and having that thought for its value, I am not a fan of it.
It should remain as-is, being used for testnets is its main purpose and with that, it's better to have it from there.
If exchanges lists it like that and starts to give value to it, I won't be surprised if the time comes that its volatility comes from nothing to something happens.
But it won't also be a surprise if it goes back to being nothing.

I'd rather not see Bitcoin testnet get added by casinos, even though they have value coming from these less popular exchanges, most gamblers would be discourage by the risk that you mentioned.

Most casinos currently accept a lot of coins that already tick the same upsides of what the Bitcoin Testnet has to offer and some of them even have a play money currency when it comes to testing certain games.

I see no need for it. I mean it's called "testnet" for a reason, it's solely for testing. Adding a monetary value to it would completely remove the idea that it's for testing and would pretty much remove the use case it was supposed to have.

And a coin with value already exists? Bitcoin exists. Other alts exist that casinos also use. Going out from the norm towards something like a testnet coin JUST because it was listed in the market sounds like a venture towards losing money and effort instead.

The integration would be the same as bitcoin, it works with the bitcoin node but in the testnet section, even address are different than the address on the main net.

I wouldn't call it free money, as you see, there is a market for them, and if you want to mine them it has a cost too. And some of the replies on this thread show hoe people thin this is a free coin, but isn't free.

The risk here is the chain can get depreciated as it happen with Testnet 1 and Testnet 2, so, at any moment all the investors can lose their investment. That's why bitcoin testnet shouldn't have a price.

Nope, faucet is enough for me.

That's you, but you shouldn't refuse if people think Bitcoin testnet is a free money or worthless coin just like in this thread dkbit98: Testnet coins are FREE are worthless! (https://bitcointalk.org/index.php?topic=5486628.0).

Selling and buying Bitcoin testnet with something valuable is actually kill the definition of Bitcoin testnet. Sure you spend money if you want to mine Bitcoin testnet, but don't sell it, take it like as volunteering.

Nope, There's demo version available so I guess its enough since for me there's no difference if we use testnet and demo account if we want to do a test play. Also what I think its waste of time for some people since sometimes its hassle that we need to send it first on the casino before we can play.

But if there's a chance that a casino would adapt to this option if they see lots of suggestion then maybe I would try this. But for now I'm not thinking about this option since I'm really fine demo feature offer by the casino. Although there's little demand for bitcoin testnet, I guess its not enough to convince people to buy this and use it to gamble.

It seems that most members don't get it, even if you have said it twice. Testnet coins have value since they are listed and people is willing to pay a price for them; and investing/gambling with them is extremely risky even if they are cheap, because they can go to zero at anytime.

Seo, do you think that, at the same time, the potencial gains can be huge too?

Absurd. The value of tBtc is zero so the zero would be the casinos' profit, altquick's volume is so low that any casinos' winning will not cover their expenses on running even  vacuum cleaner to clean their computers from dust. For gamblers it would be just waste of time.   Gambling must  lead to the   measurable result for both gamblers and casinos.

Back to the basic question, what is the purpose of betting using the bitcoin testnet? if it eventually resets, i will choose to bet using assets on the main network. Moreover, with the possibility of a reset, will any crypto casino be willing to implement bitcoin testnet? they will also do useless things in the end, right?

Your question doesn't make any sense at all, it's just delusional.

Exactly, Besides tBTC is for testnet purposes so I really doubt a real gambler will still choose this currency to play in the casino instead of using casino fun tokens or demo mode. Most of the casino games now has a fun mode to try the games without the need to use test tokens.


So far, I never own or mine a testnet Bitcoin because I don’t have any purpose to use it. I think most of the testnet owners are developers which is not the market of the casino as players.

I am not interested with that but it seems that everything can be added by an exchange and casino as long as there's a demand on it. But I don't think that it's going to be welcomed by the community as there's a consensus that from its own name, it's only for tests.
Having those people that are willing to pay for it, that's good for those holders that has it and they can sell it to the gamblers that are willing to have it and gamble with it.

It's like another altcoin that we have in the market and this time, the treatment for it isn't different from the once that we've got, coming from L1 coins, meme coins, etc. Maybe it will become another option for someone that has it and able to obtain it and will just gamble with it to have fun but not the majority of it are going to buy that and use it to gamble when we can simply have our own BTCs already and gamble with the few satoshis that we can cut from our holdings.

I don't see the essence if you will use a testnet at all it's just for your testing environment with your projects you will only this before deployment to your production and so if you will use the test net only for the public you will just make a casino game for entertainment only I guess.
People will still prefer the use of the Bitcoin for their transactions. If you will implement a test net better to let their players make use the Demo mode instead.

As you have said earlier that testnet coins don't have value and if you ask Gambling with Bitcoin Testnet (tBTC) what the point to do gambling with testnet coins like by using bitcoin testnet.
If you do gamble for fun then it should be fine using bitcoin testnet for play it just like you play slot in demo mode, tho bitcoin testnet is very scarce and can be used to do an airdrop then if we winning lot from gambling it should be fine.

When I visit the exchange where it's listed, it is said that you still can get it for free in its own dedicated faucet site. So, you can always head on it if you don't have money. Its value is only cheap, so even if we buy it it won't be a big deal. The only advantage of buying it is that we can get the coin immediately but obtaining it in a faucet can sometimes be a pain in the ass according to my experience before.

If only the faucets in the casinos and then their free play/demo mode doesn't exist yet, this can still be considered for testing purposes. I don't mean to check the games if they are running well or if there are still some bugs on them but it's about testing a strategy, although I am referring to the classic testnet coins or the ones that don't have a real value and are listed in an exchange site.

This Bitcoin testnet that the OP is talking about is still a new thing, so you can say that it was still outside from what is considered to be a norm/normal but once it gained popularity or attention, that would be the time that casinos will now also include it as one of their options. That would also be the time that we will try it but for now, I think not yet because like you said the chance of losing on it is still high since the liquidity might still be low and then they can still decide to revert it from the old thing of not adding a real value on it because they can also realize that it is not really necessary and like you said it can only negate its true purpose from being a testnet coin.

I am pretty much aware there were some exchanges (with small volume of trades) which have started to list test BTC for some reason and there was an actual demand and speculation on the price of this coin, which was never supposed to hold any value.
I think I could give it a try and gamble a little bit using it, but it would be rather for the sake of the anecdote instead of doing some serious gambling, there are better options to gamble and bet with when the Bitcoin mempool is congested anyways, and one can always use a few Satoshis when comes to being conservative on the amount one needs to handle with each gambling session.
Perhaps, as test Bitcoin Becomes more secure and less likely to be overhauled, people will indeed use it to carry out some micro betting and micro gambling, as stands now it is not worth even keeping Test coins in the middle term, in my opinion. Time will tell