Bitcoin Forum

http://www.coindesk.com/bitcoins-gambling-boom-just-getting-started/ - @coindesk

Agree or disagree?

As long as bitcoin is around, everything bitcoin related is booming.

as long as its gambling.

Yeah, got a few friends talking about venturing in an online bitcoin gambling site. Should we brace ourselves in for all those btc gambling sites will come here and ask for everyones support.

ya as bitcoin gets bigger there will be more and more sites :)

Yes, as bitcoin sites boom, why are there no other bitcoin related forums that are emerging?

When we started our site we feared that the gambling scene may be overcrowded.
I believe that if you offer a nice game and good odds for your players there is still space for newcomers.

So hows your site today?

just wondering are any gambling sites hosted from the US, or are they all overseas.

The Crypto Betting Index makes me think the Bitcoin Gambling market has started eating at lot more of the fiat gambling market than is reported.

Interesting link - http://cryptobettingindex.com/

I think Satoshi Dice is at over 2 Billion USD equivalent in Bitcoins bet since it launched (of course at todays price).

I think think gambling sites are illegal in the US

Gambling will always be luxurious may it be real money or bitcoin.  8) 8)

If it is, what will the government do if they can prove that a certain gambling site is based in the US?

I'm not sure if bitcoin gambling is in law terms gambling. 

I kind of find it to be illegal personally.

Why ?

Not sure if this is the case.  So many gambling sites might be inflating the situation.

Because it can just as easily go unchecked..any business owner in the states or other country can just register the site to a different user living in a region where they don't have to pay tax and then run it. Tax evasion and many other things can arise from online gambling.

Gambling is usually a lucrative business

You know anyone who can make code for that gambling thing?

Venturing in an online gambling site will be a big pain in the head. Dealing with a lot of people who doesnt care about you and your site.

Isn't that almost the same thing with almost every single business out there?

Well, bitcoin is just getting started. So everything that uses bitcoin is also just getting started. I can even operate a gambling game without a site (satoshidice only needed to publish it's betting addresses). But then off-chain games are the future (just like all regular non-bitcoin casinos).

The only difference between bitcoin and fiat casinos are the implementations of provably fair and independent audits.

Bitcoin gambling is growing due to a few factors.
Transaction time is quite fast and users do not need to vertify themselves to gamble in bitcoin unlike in fiat.

Yup... bitcoin make evrything legal man.. cheap and fast..

I'm surprised paying for porn in Bitcoin hasn't really taken off.

Or maybe just no one pays for porn these days  ;D

Gamble the amount which no more than what u are willing to lose *Peace*

Oh man.. gambling bitcoin have so much fun than you ever thought. An not just the gambling. The trading also fantastic. Bitcoin has made it all ease. Thanks to mr satoshi. Hia work will be reminded

Agreed, the old days of having to find some way to get your money transferred to malta or wherever was a pain. Bitcoin makes it much easier... people still don't trust online gambling though. I think it will always be a niche and not much more than that when compared to vegas or whatever but I think it makes it more accessible.

0.0001 commision on each transfer.... nice way to spend and move my money...

Is crazy because I use to bet at bovada everyday, then I found bitcoin and never bet at blowvada again. Bitcoin betting changed my betting life good and bad lol