Bitcoin Forum

Economy => Gambling discussion => Topic started by: fiulpro on September 20, 2021, 05:16:08 PM



Title: Blockchain and Gambling
Post by: fiulpro on September 20, 2021, 05:16:08 PM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?


Title: Re: Blockchain and Gambling
Post by: qwertyup23 on September 20, 2021, 05:48:32 PM
Quote
“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.

Imagine, all of the transactions that took place will be visible in a public ledger where any disputes or conflicts arising from non-payment would be immediately solved. This may not only address the issue of lost funds for gamblers but this would introduce a new array of convenience for both the players and the online gambling website as well.

The article is indeed a good read as it explained the future of gambling and the application of the blockchain to the former. It opens a new window of opportunity of the future of gambling as a whole, in parallel with the blockchain and its application.


Title: Re: Blockchain and Gambling
Post by: Beparanf on September 20, 2021, 06:01:27 PM
AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.

There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.


Title: Re: Blockchain and Gambling
Post by: madnessteat on September 20, 2021, 06:34:54 PM
Of course, if you use cryptocurrency assets in gambling to prove any action becomes much easier, but as Beparanf said, not all casinos use blockchain directly in games because of the high cost of transactions and considerable time to confirm cryptocurrencies that negatively affects the gaming process. Therefore, there remains a very large area where even blockchain will not help to trace the player's actions and therefore protect his interests. It is very strange why this point was not discussed in the article.


Title: Re: Blockchain and Gambling
Post by: Oshosondy on September 20, 2021, 06:44:30 PM
I have been thinking about what type of problem in gambling can be easily solved using blockchain that might not affect privacy, but because the blockchain can be transparent, this can truly helps in solving many disputes between gambling companies and clients which are punters, all the data will be transparent and easy to track which will be available to the public rather than the ones existing for now.

It is also easy to make use of blockchain to track cryptocurrency transactions rather than the bank payment which can not be accessed by the public.


Title: Re: Blockchain and Gambling
Post by: Fortify on September 20, 2021, 07:35:04 PM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

It seems like a solution in search of a problem and has very niche uses that won't apply to the majority of small scale gamblers. His job is a "commercial mediator" and it sounds like he is so engrossed in his work that he overestimates the market for the product he has designed. Tracking how a bet was placed and how much is involved is really simple, basically the fundamental bedrock of how every existing casino operates already. The *only* place this is useful is with the insignificantly tiny portion of mega bets - where people are placing tens of thousands, or even millions, in which case they would get ultra VIP service from whatever gambling operation they are with already. Sounds like a redundant idea for a company in the current form.


Title: Re: Blockchain and Gambling
Post by: crzy on September 20, 2021, 09:54:47 PM
Of course, if you use cryptocurrency assets in gambling to prove any action becomes much easier, but as Beparanf said, not all casinos use blockchain directly in games because of the high cost of transactions and considerable time to confirm cryptocurrencies that negatively affects the gaming process. Therefore, there remains a very large area where even blockchain will not help to trace the player's actions and therefore protect his interests. It is very strange why this point was not discussed in the article.
In case of any dispute, you still need to hire someone that is good in blockchain to collect any proof, and spend a lot of money paying your lawyers to fight for your money and of course, you need to know where that site is located if they have physical office or at least look for their license to know where you can file a case. Blockchain is a big help but in crypto industry, its rare to see someone filing a case even if they got scammed by any site.


Title: Re: Blockchain and Gambling
Post by: nelson4lov on September 20, 2021, 09:59:29 PM
I have been thinking about what type of problem in gambling can be easily solved using blockchain that might not affect privacy, but because the blockchain can be transparent, this can truly helps in solving many disputes between gambling companies and clients which are punters, all the data will be transparent and easy to track which will be available to the public rather than the ones existing for now.

It is also easy to make use of blockchain to track cryptocurrency transactions rather than the bank payment which can not be accessed by the public.

+1.

At its core, blockchains are designed to be permissionless and trustless that means users no longer need to worry or bother to check the seeds or if its provably fair or not. For anyone worried about their privacy, I'm sure some sort of privacy layer can be built for people that want to enjoy the best of both worlds - get full transparency without risking exposure or privacy. Should be a huge win for the gambling community.

Of course, if you use cryptocurrency assets in gambling to prove any action becomes much easier, but as Beparanf said, not all casinos use blockchain directly in games because of the high cost of transactions and considerable time to confirm cryptocurrencies that negatively affects the gaming process. Therefore, there remains a very large area where even blockchain will not help to trace the player's actions and therefore protect his interests. It is very strange why this point was not discussed in the article.

The issue of cost for utilizing blockchain for projects like this shouldn't be much of a problem especially since there are plenty of layer 1 protocol available right now that have super cheap fees and near-instant finality. It used to be a problem in 2017/2028/2019 but I don't think it should be a cause for concern now.


Title: Re: Blockchain and Gambling
Post by: madnessteat on September 20, 2021, 10:18:22 PM
The issue of cost for utilizing blockchain for projects like this shouldn't be much of a problem especially since there are plenty of layer 1 protocol available right now that have super cheap fees and near-instant finality. It used to be a problem in 2017/2028/2019 but I don't think it should be a cause for concern now.

Of course, nowadays there are cryptocurrencies with high transaction speed and low commissions, but can you give an example of at least a few casinos and cryptocurrencies used by them not for deposits but specifically for inside game transactions, each of which is displayed in the blockchain?


Title: Re: Blockchain and Gambling
Post by: blockman on September 20, 2021, 10:23:34 PM
AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.
I agree. They have to adopt blockchain if the payment options they have are in different cryptocurrencies. That's already the standard of it and they're must better be called crypto casinos because it's all about crypto although there is also integration with fiat payments. But the thing is that they've focused more on payments and deposits in crypto.

In case of any dispute, you still need to hire someone that is good in blockchain to collect any proof
There are also established companies that have been focused on tracking transactions.


Title: Re: Blockchain and Gambling
Post by: STT on September 20, 2021, 11:58:02 PM
The ideal would be for all transactions to be decentralized rather then reliant on any internal book keeping but for that to be true and not exclude the normal average bettor with modest bet amounts is the blockchain transaction must be very efficiently and cheaply done.   So far as I know for this moment thats mostly going to occur via alt coin maybe even proprietary blockchains and obviously I wouldn't really want that blockchain itself to be centralized either.   Its possible, I hope we get there but its good to hear of an arbiter in such disputes.


Title: Re: Blockchain and Gambling
Post by: dbc23 on September 21, 2021, 12:42:59 AM
Computational ledger using blockchain is immutable And would be a good tool in solving disputes between gambling operators and it's clients. This would save the stress of going to court over misunderstanding between this two parties. using blockchain would provide legitimate evidence for both the gambler and the operator

One interesting fact about blockchain is it's consensus mechanisms adopting this in gambling makes the system completely transparent


Title: Re: Blockchain and Gambling
Post by: Wexnident on September 21, 2021, 01:27:53 AM
Well, it's not really responsible gambling per se, but rather just having it much easier in actually identifying who is right and wrong in an argument. Well, it does give a significant advantage over trying to actually resolve conflicts though since the blockchain isn't really controlled nor could be manipulated by a third party, hence making it much more transparent on who's right or wrong.

I'd reckon the journey part is simply something like match history or something similar. Nothing really new or rare, but it does guarantee that it's true though since it directly comes from the blockchain. The biggest advantage of using a blockchain imo after all, is it's transparency, so using that to display their public statistics shouldn't be a problem.


Title: Re: Blockchain and Gambling
Post by: cabron on September 21, 2021, 01:40:26 AM

Wasn't there already a blockchain-based casino like betfury where transactions and bets are transparent because it's on the blockchain?

A 3rd party jury wouldn't really solve disputes in casinos as blockchain already solidifies its result, there are no disputes gonna happen there when all the data needed to solve are publicly visible. It's a question of fees in the blockchain, SOLANA would be a good blockchain for this but there are already projects the offer free like EOS. In fact, bethash.io is an example.


Title: Re: Blockchain and Gambling
Post by: ralle14 on September 21, 2021, 04:40:09 AM
If this was implemented on most sportsbooks I think it would reduce complaints, but most of the big issues i've seen revolves around VPNs or faking their identity. Then again it would be nice if having a blockchain could provide additional information to fix other betting issues like for example bookies that are accepting bets at wrong starting times and accepting bets at wrongly priced odds. Back then this was one of the problems i've faced and unfortunately there's nothing I could do since it's difficult to link starting times on certain events as they don't show their local time.


Title: Re: Blockchain and Gambling
Post by: Jackl87 on September 21, 2021, 05:14:17 AM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)


The use of the blockchain could be really helpful in cases where proof is needed for an outcome of a bet or a gambling game, because with the help of the blockchain it is pretty easy to prove who is right and who is wrong. I don't think though that it will help to prove that an online casino is cheating in the first place. As far as i know slot machines for example need to have a minimum chance of winning in order to be allowed to use by the casinos. I am pretty sure that this is true for online casinos too.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 21, 2021, 07:57:38 AM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.


Title: Re: Blockchain and Gambling
Post by: yazher on September 21, 2021, 08:43:35 AM
They can track the record of the crypto gamblers depends if they don't use any third-party platform that will hide their past history transactions. I think we have more advanced features to track the transaction records nowadays since people won't stop developing some codes to do those things easier for them and with the time pass by until now, they successfully developed it into something convenient. so people who don't want to be tracked needs to study and update their method of hiding their transaction history because little they know, they already been tracked and their actions have already been recorded if they don't do anything today.


Title: Re: Blockchain and Gambling
Post by: danherbias07 on September 21, 2021, 09:18:46 AM
I'm glad the mediator is being honest about it. It's his job to help those who have disputes and this could ruin his profits but he thought about the good side of introducing the blockchain technology that will ease the difficulties of tracing back the transactions. Who would do that this days?
He could just keep his mouth shut and take as many disputes as he can from gamblers and yet he wanted a progressive way. Small problems could be directed to gambling platform support while he can focus on big amounts.


Title: Re: Blockchain and Gambling
Post by: Smartprofit on September 21, 2021, 09:33:00 AM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

Blockchain is the most efficient tool for working in an unreliable environment. 

This technology also has disadvantages.  First of all, it's poor performance. 

In addition, blockchain has proven itself well in large cross-border projects.  In these projects, the participants are not residents of one country, but residents of many countries that are located on different continents of the planet Earth. 

Therefore, based on this, blockchain can become an effective tool for preventing conflicts between online casinos and players.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 21, 2021, 09:44:12 AM
Blockchain is the most efficient tool for working in an unreliable environment. 

This technology also has disadvantages.  First of all, it's poor performance. 

In addition, blockchain has proven itself well in large cross-border projects.  In these projects, the participants are not residents of one country, but residents of many countries that are located on different continents of the planet Earth. 

Therefore, based on this, blockchain can become an effective tool for preventing conflicts between online casinos and players.

Just out of curiosity... Which blockchain would you use to track casino inside transactions? Remember, on popular casinos there are thousands transactions per second. Do you know any blockchain that can sustain that amount of scalability and still remain secure?


Title: Re: Blockchain and Gambling
Post by: DU18 on September 21, 2021, 11:27:32 AM
blockchain is now starting to penetrate all fields in the world including gambling, a few years ago, gamblers used traditional gambling methods to play and this usually required gamblers to disclose a lot of personal information like credit card and personal data, but nowadays with the advancement of technology, casinoare starting to adopt cryptocurrency as a bet and of course this will maintain the anonymity of its users, besides the positive effect of gambling with the blockchain system is securing player information as well as removing certain restrictions and also having faster transactions and ini my opinion, casino with blockchain systems have more security and validation than gambling at traditional casinos.


Title: Re: Blockchain and Gambling
Post by: Kong Hey Pakboy on September 21, 2021, 11:37:16 AM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.
You don't have to solve all of them to use it on a casino, and it's impossible for a casino to have a decentralized bookkeeping since there has to be an owner in that casino but we can make the blockchain out of their control and make things public.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 21, 2021, 11:48:10 AM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.
You don't have to solve all of them to use it on a casino, and it's impossible for a casino to have a decentralized bookkeeping since there has to be an owner in that casino but we can make the blockchain out of their control and make things public.

If the blockchain that a casino is using is not decentralized and one person (the casino owner) controls it, how is it different than a normal database where all the inside transactions are stored? Just like the owner of the casino can delete transaction from a database, he can delete transaction from a private blockchain. For example, if someone could delete an Ethereum transaction, what would I do with that transaction hash? Nothing, because it doesn't exist on the blockchain because someone deleted it.


Title: Re: Blockchain and Gambling
Post by: paxmao on September 21, 2021, 01:28:33 PM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.
You don't have to solve all of them to use it on a casino, and it's impossible for a casino to have a decentralized bookkeeping since there has to be an owner in that casino but we can make the blockchain out of their control and make things public.

If the blockchain that a casino is using is not decentralized and one person (the casino owner) controls it, how is it different than a normal database where all the inside transactions are stored? Just like the owner of the casino can delete transaction from a database, he can delete transaction from a private blockchain. For example, if someone could delete an Ethereum transaction, what would I do with that transaction hash? Nothing, because it doesn't exist on the blockchain because someone deleted it.

Perhaps the solution to this could be an innovative blockchain that could actually show proof of fairness without giving away the details of the games played, the payers, etc... something that could potentially give you enough confidence, yet still be acceptable for a commercial entity or for a community driven project anyway. Just like Monero shows proof of transaction but does not reveal anything else.


Title: Re: Blockchain and Gambling
Post by: South Park on September 21, 2021, 06:12:33 PM
I have been thinking about what type of problem in gambling can be easily solved using blockchain that might not affect privacy, but because the blockchain can be transparent, this can truly helps in solving many disputes between gambling companies and clients which are punters, all the data will be transparent and easy to track which will be available to the public rather than the ones existing for now.

It is also easy to make use of blockchain to track cryptocurrency transactions rather than the bank payment which can not be accessed by the public.
Disputes over the client and a provider of a service will always exist but having tamper proof evidence that one side is right like what it can be done with the blockchain is a game changer, however as someone that at some point worked on the service industry doing something similar to this I can tell you there are many clients that do not care about the evidence at all and will want things to be changed even if there is a huge deal of evidence that demonstrates that it is not possible and they accepted those terms.


Title: Re: Blockchain and Gambling
Post by: iv4n on September 21, 2021, 06:45:08 PM
Well, in my case Blockchain was responsible for even more gambling! Before Blockchain I didn't gamble so much, here and there... but with the Blockchain and discovering all those games that were available for me for crypto it's was like a new world for me!
+6 years and lasting! I don't believe there's a game in crypto I didn't try... I am probably registered in all representative crypto casinos!

In my case Blockchain was responsible for more gambling and more spending, but I guess for some people it's another way around! That just speaks what I always say, you can't generalize all the people and all situations, simply there are always exceptions!


Title: Re: Blockchain and Gambling
Post by: timerland on September 21, 2021, 08:50:39 PM
Yeah, the immutability of smart contracts on the blockchain is certainly a plus when it comes to settling bets.

Also you could potentially host games that depend on outcomes randomly generated by the blockchain itself.

Chain-bet has a cool feature where you can bet on the last digit of block hashes. Certainly worth taking a lot at.


Title: Re: Blockchain and Gambling
Post by: Fundamentals Of on September 22, 2021, 02:28:40 AM
Blockchain is definitely a great improvement in the gambling industry. With blockchain, not only are data publicly available for anybody who wishes to check, these data are also resistant to tampering. So blockchain gambling gives some assurance to the players that everything is fair and transparent.

Conflict settlement will be much easier when blockchain is utilized in gambling platforms. The future for blockchain gaming is much brighter.


Title: Re: Blockchain and Gambling
Post by: hello_good_sir on September 22, 2021, 12:19:43 PM
Theoretically, yes.

But in reality I think that you're not going to see a lot of complicated applications of blockchain in gambling for a long while.

I do think that cryptocurrencies will be increasingly used as the medium through which people transact with centralized casinos, but I definitely don't see integrations of smart settlement contracts for wagers any time soon.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 22, 2021, 01:50:34 PM
Theoretically, yes.

But in reality I think that you're not going to see a lot of complicated applications of blockchain in gambling for a long while.

I do think that cryptocurrencies will be increasingly used as the medium through which people transact with centralized casinos, but I definitely don't see integrations of smart settlement contracts for wagers any time soon.

Why? Once a blockchain is ready (meaning it's fast, secured AND decentralized) I see it's implementation as proof that casino can give to it's clients that they can't and won't tamper with any transactions. I'm not saying casinos are doing that now but with the blockchain implementation clients won't have to trust casinos because everything will be publicly visible on a ledger.


Title: Re: Blockchain and Gambling
Post by: Hydrogen on September 22, 2021, 03:32:01 PM
One of blockchains known roles is maintaining the data integrity of transactions in a public ledger. Recently there has been an explosion in blockchains being used to maintain the integrity of databases in games. And it seems gambling establishments are also using blockchains to record and maintain the data integrity of gambling records.

There could be additional roles for blockchain maintaining the data integrity of internet archives, public records and similar information.

What might be cool is if some of the calculations the casino game engine uses to determine a win or loss result were recorded in a blockchain to maintain the authenticity and fairness of the system. That could be a next level of "provably fair". Although it could also be dangerous for casinos to divulge that much information about their algorithm. Maybe it could be done with the RNG (random number generator) algorithm omitted.

That's an interesting point on it being listed under privacy. They could use a private blockchain rather than a publicly accessible one.


Title: Re: Blockchain and Gambling
Post by: zanezane on September 22, 2021, 03:53:00 PM
Just make the stuff that needs to be protected accessible to the public but at the same time, obfuscate the data so it has some confidentiality in it to help protect the business, that's the solution that I see regarding this one.


Title: Re: Blockchain and Gambling
Post by: dothebeats on September 22, 2021, 04:05:48 PM
There are some instances wherein the parties who are in the wrong still want to pursue their own versions of truth in courts, and will drag things even further just to make a point, or just to avoid paying lots of money for settlement. The blockchain being an immutable ledger is a good thing for settlements of disputes, as was conveyed in the article. While it offers a robust database that no one can literally try to wipe off, or change even just a small bit of data without having lots of resources at their disposal, it isn't enough of a tool to enforce some policies or settle some things out of courts. Additional measures should also be observed and introduced in order for bet settlements to go smoothly without a hitch, both for the bettor and the platform.



Title: Re: Blockchain and Gambling
Post by: Dragonfund on September 22, 2021, 05:24:13 PM
One of the advantages of blockchain over other revolutionary record keeping systems, in my opinion, is that data cannot be changed or corrupted, which is why it has so many applications in many parts of the globe, including gambling.
You can't cheat in gambling because you have to follow a protocol, but it's very limited because it stores data about user activity in some cases. Casinos have a higher level of centralization because all information is controlled within the system.
Anything can happen, and the house may utilize data as a survey to improve the user experience, thus lowering the user's chances of winning.


Title: Re: Blockchain and Gambling
Post by: mu_enrico on September 22, 2021, 05:53:35 PM
Coingeek? A well known BSV promoter. Not sure if it's legit or just a promotional article to promote their blockchain and Calvin Ayre's circle :D
Anyways, the concept is already used in provably fair, especially with on-chain betting on POS coins. True, there will be more evidence when the bet is recorded in a blockchain, but it depends on the blockchain integrity as well. Also, don't forget about garbage in garbage out, yes, the bet result can be recorded in the blockchain, but it doesn't mean that the results are fair. Even if the results are fair and whatever, I'd still play 3rd party slots if the games suck. :P


Title: Re: Blockchain and Gambling
Post by: alegotardo on September 22, 2021, 06:16:00 PM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.

I thought that currently all cryptography-based gambling already use blockchain for transparent play verification by players.
Are there any sites that don't do this yet? If there is, I believe the risk of manipulation by the house is quite large, I wouldn't particularly play on it.
Breaking out of this cryptography niche a little, it would be great if in the future all gambling (even fiat-based ones) used blockchain for a more transparent verification of all bets, I believe this becomes a trend in the not-too-distant future.


Title: Re: Blockchain and Gambling
Post by: Desmong on September 22, 2021, 08:11:09 PM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.

I thought that currently all cryptography-based gambling already use blockchain for transparent play verification by players.
Are there any sites that don't do this yet? If there is, I believe the risk of manipulation by the house is quite large, I wouldn't particularly play on it.
Breaking out of this cryptography niche a little, it would be great if in the future all gambling (even fiat-based ones) used blockchain for a more transparent verification of all bets, I believe this becomes a trend in the not-too-distant future.
With the way things are going now and the block chain network is expanding faster, very soon Fiat mode of gambling will be less and it will be easier for world to gamble at the same spot without any secrecy. Everything will be much transparent and the mode of depositing and withdrawal will be easier than using Fiat for gambling transactions which always take time for it to be done.


Title: Re: Blockchain and Gambling
Post by: Sihab76 on September 22, 2021, 08:50:22 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.


Title: Re: Blockchain and Gambling
Post by: perfect999 on September 22, 2021, 09:11:52 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.
Yes, this blockchain technology give some very good improvement in fairness and transparency now most of online casino going with this all with better confidence in both sides players and casino both have fair things to do on this sometime back most of the punters was facing some serious issues regarding deposit and withdraw but after adopting this they have very quick access with this all which bring some revolutionary changes for this industry.

Biggest advantage for members is now they don't need third parties for solving their issues' blockchain can do this all with fairness and this is going to be acceptable for both parities.


Title: Re: Blockchain and Gambling
Post by: hello_good_sir on September 22, 2021, 09:16:20 PM
Theoretically, yes.

But in reality I think that you're not going to see a lot of complicated applications of blockchain in gambling for a long while.

I do think that cryptocurrencies will be increasingly used as the medium through which people transact with centralized casinos, but I definitely don't see integrations of smart settlement contracts for wagers any time soon.

Why? Once a blockchain is ready (meaning it's fast, secured AND decentralized) I see it's implementation as proof that casino can give to it's clients that they can't and won't tamper with any transactions. I'm not saying casinos are doing that now but with the blockchain implementation clients won't have to trust casinos because everything will be publicly visible on a ledger.

Of course, it could happen when the user interface/experience is friendly enough.

But as of currently, there is no prospect of that happening in the near future.

All of the decentralized casinos are clunky to use and extremely hard to understanding for a novice who is just trying to have some fun on a Saturday night. They'd rather use something like Stake or Bitsler which is way more established.


Title: Re: Blockchain and Gambling
Post by: Lucasgabd on September 22, 2021, 09:43:21 PM

well, we have descentralized exchanges working just fine, maybe its just a matter of time until we have a good descentralized casino
the good news is that if code is open source it will be verifiable so people can check if its really provably fair.


Title: Re: Blockchain and Gambling
Post by: sikke on September 22, 2021, 10:17:43 PM
Quote
An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

I definitely agree.

Smart contracts are going to be the future of peer to peer wagers and fast betslip grading.

The centralized model simply doesn't work for this, especially when there are fringe cases that are quite contentious. I think that it'll definitely be a great idea in the future for some centralized crypto casino to embrace their own decentralized counterpart (sort of like Binance & Binance DEX).


Title: Re: Blockchain and Gambling
Post by: uneng on September 22, 2021, 10:36:40 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.
Yes, this blockchain technology give some very good improvement in fairness and transparency now most of online casino going with this all with better confidence in both sides players and casino both have fair things to do on this sometime back most of the punters was facing some serious issues regarding deposit and withdraw but after adopting this they have very quick access with this all which bring some revolutionary changes for this industry.

Biggest advantage for members is now they don't need third parties for solving their issues' blockchain can do this all with fairness and this is going to be acceptable for both parities.
Well, that is a big advantage indeed, but I don't expect lawyers are going to agree with you. ;D
Those who profit with legal disputes, the third parties, are going to be very upset as blockchain adoption increases day by day, solving different issues of the modern society, just by being transparent and immutable. More blockchain means less legal issues, leading to a decreasement in the demand for professionals of the legal sector. The sad part is: these are the people who create the laws and regulations.


Title: Re: Blockchain and Gambling
Post by: dunfida on September 22, 2021, 10:53:16 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.
Yes, this blockchain technology give some very good improvement in fairness and transparency now most of online casino going with this all with better confidence in both sides players and casino both have fair things to do on this sometime back most of the punters was facing some serious issues regarding deposit and withdraw but after adopting this they have very quick access with this all which bring some revolutionary changes for this industry.

Biggest advantage for members is now they don't need third parties for solving their issues' blockchain can do this all with fairness and this is going to be acceptable for both parities.
Well, that is a big advantage indeed, but I don't expect lawyers are going to agree with you. ;D
Those who profit with legal disputes, the third parties, are going to be very upset as blockchain adoption increases day by day, solving different issues of the modern society, just by being transparent and immutable. More blockchain means less legal issues, leading to a decreasement in the demand for professionals of the legal sector. The sad part is: these are the people who create the laws and regulations.
There would be effects as we do go ahead because technology does really goes better and better which would really affect out some parts or industries because their service would be no longer needed.
Lets just accept that fact and for sure they are aware with that.

Advancing on new ways or paths is something that cant really be avoided.WE had progressed that much on the sense that it isnt really much needed with those outdated things.


Title: Re: Blockchain and Gambling
Post by: CaVO32 on September 22, 2021, 11:01:58 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.
Yes, this blockchain technology give some very good improvement in fairness and transparency now most of online casino going with this all with better confidence in both sides players and casino both have fair things to do on this sometime back most of the punters was facing some serious issues regarding deposit and withdraw but after adopting this they have very quick access with this all which bring some revolutionary changes for this industry.

Biggest advantage for members is now they don't need third parties for solving their issues' blockchain can do this all with fairness and this is going to be acceptable for both parities.
Well, that is a big advantage indeed, but I don't expect lawyers are going to agree with you. ;D
Those who profit with legal disputes, the third parties, are going to be very upset as blockchain adoption increases day by day, solving different issues of the modern society, just by being transparent and immutable. More blockchain means less legal issues, leading to a decreasement in the demand for professionals of the legal sector. The sad part is: these are the people who create the laws and regulations.
There would be effects as we do go ahead because technology does really goes better and better which would really affect out some parts or industries because their service would be no longer needed.
Lets just accept that fact and for sure they are aware with that.

Advancing on new ways or paths is something that cant really be avoided.WE had progressed that much on the sense that it isnt really much needed with those outdated things.

Anyway, there are still a lot of industries that badly needed their services. And also, the use of blockchain tech in gambling is still not very popular. Still a large percentage is fiat-based. But when these gamblers learned that with this new tech, they are less prone to being cheated, a lot will convert themselves to crypto or blockchain-based gambling. It is now easy to check if the games of the casino are indeed provable fair because you can just check their system easy. There are also some provable fair system verifiers available.


Title: Re: Blockchain and Gambling
Post by: passwordnow on September 22, 2021, 11:56:48 PM
And also, the use of blockchain tech in gambling is still not very popular.
It is popular. Before it even emerge and became in the mainstream, there were many casinos already that were running in blockchain because even it's still new before and they don't get much attention yet they've managed to adopt it and some of them until now still exists.

Still a large percentage is fiat-based.
This won't be gone, there will really be a big percentage for those casinos that are fiat based and they don't have to adopt everything that's on the trend if their casinos/business is remaining in good terms with their customers.


Title: Re: Blockchain and Gambling
Post by: xSkylarx on September 23, 2021, 02:33:57 AM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.
Yes, this blockchain technology give some very good improvement in fairness and transparency now most of online casino going with this all with better confidence in both sides players and casino both have fair things to do on this sometime back most of the punters was facing some serious issues regarding deposit and withdraw but after adopting this they have very quick access with this all which bring some revolutionary changes for this industry.

Biggest advantage for members is now they don't need third parties for solving their issues' blockchain can do this all with fairness and this is going to be acceptable for both parities.
Well, that is a big advantage indeed, but I don't expect lawyers are going to agree with you. ;D
Those who profit with legal disputes, the third parties, are going to be very upset as blockchain adoption increases day by day, solving different issues of the modern society, just by being transparent and immutable. More blockchain means less legal issues, leading to a decreasement in the demand for professionals of the legal sector. The sad part is: these are the people who create the laws and regulations.
There would be effects as we do go ahead because technology does really goes better and better which would really affect out some parts or industries because their service would be no longer needed.
Lets just accept that fact and for sure they are aware with that.

Advancing on new ways or paths is something that cant really be avoided.WE had progressed that much on the sense that it isnt really much needed with those outdated things.

Anyway, there are still a lot of industries that badly needed their services. And also, the use of blockchain tech in gambling is still not very popular. Still a large percentage is fiat-based. But when these gamblers learned that with this new tech, they are less prone to being cheated, a lot will convert themselves to crypto or blockchain-based gambling. It is now easy to check if the games of the casino are indeed provable fair because you can just check their system easy. There are also some provable fair system verifiers available.


Agree in technical terms, but it would be interesting to see how they do it if it is verified. It is similar to solidity in that you can see the codes if they were verified so you can judge if it was truly fair. However, most owners prefer a fiat-based system because they want everyone to be able to play, even if they are elderly or non-technical. This was really new to everyone because not everyone was using it because it was still new, but now it is becoming popular among those who use the internet, but what about those who don't really understand or know about it?


Title: Re: Blockchain and Gambling
Post by: noorman0 on September 23, 2021, 03:08:06 AM
Disputes will always occur if there is centralized management in it. Many casinos eschew blockchain solutions on all aspects that are prone to conflict even though they offer transparency and fairness. As much as they set the company's terms and rules, some of the customers get inappropriate treatment like withdrawal not allowed, account lockout etc because they are considered to be violating written rules or based on casino's unilateral policies (after manual subjective research).


Title: Re: Blockchain and Gambling
Post by: FinneysTrueVision on September 23, 2021, 03:16:48 AM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

I would not trust CoinGeek to be an unbiased news source. They are owned by Calvin Ayre who has many gambling related businesses and he is also heavily invested in BSV. They are even shilling nChain and BSV in the article. BSV is one of the worst options for gambling because most of the hashpower is owned by Calvin so if there was a gambling outcome where one of his casinos suffers a devastating loss then they could just reorganize the blockchain to undo that outcome.


Title: Re: Blockchain and Gambling
Post by: michellee on September 23, 2021, 04:05:31 AM
Anyway, there are still a lot of industries that badly needed their services. And also, the use of blockchain tech in gambling is still not very popular. Still a large percentage is fiat-based. But when these gamblers learned that with this new tech, they are less prone to being cheated, a lot will convert themselves to crypto or blockchain-based gambling. It is now easy to check if the games of the casino are indeed provable fair because you can just check their system easy. There are also some provable fair system verifiers available.
It is a matter of time before those fiat gamblers move into crypto gambling because crypto gambling has become popular this year, especially since many people stay at their homes. Those gamblers who can not go out from their home will search for the casino and see that crypto gambling can serve them well now. Once they try to play on the crypto gambling site, they will feel comfortable using crypto and search the other crypto gambling site. Almost all reputable crypto gambling site is provably fair and not trying to cheat their member because the member is a thing that the casino will get the money.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 23, 2021, 04:17:24 AM
well, we have descentralized exchanges working just fine, maybe its just a matter of time until we have a good descentralized casino
the good news is that if code is open source it will be verifiable so people can check if its really provably fair.

True. But with DEXes you will either use them on some centralized blockchain (like Binance Smart Chain) or you will pay high gas fees like on Uniswap. Would you pay $50 for a transaction fee just to place $10 bet? I don't think so. And if casino uses centralized blockchain like BSC, then users again have to trust that casino won't tamper with it's blockchain. That's why I'm saying that casinos need a Blockchain that is not yet developed (decentralized, secured and fast).


Title: Re: Blockchain and Gambling
Post by: bitzizzix on September 23, 2021, 06:01:54 AM
Anyway, there are still a lot of industries that badly needed their services. And also, the use of blockchain tech in gambling is still not very popular. Still a large percentage is fiat-based. But when these gamblers learned that with this new tech, they are less prone to being cheated, a lot will convert themselves to crypto or blockchain-based gambling. It is now easy to check if the games of the casino are indeed provable fair because you can just check their system easy. There are also some provable fair system verifiers available.
It is a matter of time before those fiat gamblers move into crypto gambling because crypto gambling has become popular this year, especially since many people stay at their homes. Those gamblers who can not go out from their home will search for the casino and see that crypto gambling can serve them well now. Once they try to play on the crypto gambling site, they will feel comfortable using crypto and search the other crypto gambling site. Almost all reputable crypto gambling site is provably fair and not trying to cheat their member because the member is a thing that the casino will get the money.
Yes, it is just a matter of time and it will most likely happen and it depends on the development of crypto in the convenience and security of how to use it in casinos rather than fiat.
and using blockchain in gambling is very advantageous because because blockchain is an unmodified and untraceable digital scale, it can be useful in providing stability to the casino industry as well as a fast, secure and convenient payment method because it is integrated with blockchain technology.
and besides the whole process cannot be manipulated and protected by predefined rules and many other functions which can be useful.


Title: Re: Blockchain and Gambling
Post by: AicecreaME on September 23, 2021, 06:19:15 AM
AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.

There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.

Correct, but only the online gambling sites have access on those transactions that's been happening inside their gambling platform, the only transaction that player would see in the blockchain is the amount he deposited on that gambling platform but never the bets he'll made. The article that OP shared however is the opposite of it, the transactions inside the gambling sites are public for both parties (if I'm not mistaken) so that players could track their bets and could help them realize like putting an allotted budget for each day in gambling or quiting it for good.


Title: Re: Blockchain and Gambling
Post by: Victorycoin on September 23, 2021, 06:48:44 AM
Blockchain technology digital currency and virtual casinos work together to drive gaming and work ahead by constantly looking for more advanced technological options virtual gambling eliminates the risks of meeting expectations. Cryptocurrencies have paved the way for cashless casinos dedicated solely to digital resources cryptocurrencies have added a number of new things to the gaming community ranging from advanced features to tokens.


Title: Re: Blockchain and Gambling
Post by: delfastTions on September 23, 2021, 12:25:07 PM
Blockchain technology digital currency and virtual casinos work together to drive gaming and work ahead by constantly looking for more advanced technological options virtual gambling eliminates the risks of meeting expectations. Cryptocurrencies have paved the way for cashless casinos dedicated solely to digital resources cryptocurrencies have added a number of new things to the gaming community ranging from advanced features to tokens.
This is all correct.  I will supplement your observations.  Blockchain technology itself provides the highest possible reliability, and therefore, of course, is a priority for use in games.  And I must say it is used more and more in many areas.  In the gaming industry, it is obvious that its use should be developed and improved in every possible way, which is what we are observing.  Their tokens, their staking, and so on, all of this has already appeared and will continue to appear.


Title: Re: Blockchain and Gambling
Post by: Lucasgabd on September 23, 2021, 01:09:56 PM
Blockchain technology digital currency and virtual casinos work together to drive gaming and work ahead by constantly looking for more advanced technological options virtual gambling eliminates the risks of meeting expectations. Cryptocurrencies have paved the way for cashless casinos dedicated solely to digital resources cryptocurrencies have added a number of new things to the gaming community ranging from advanced features to tokens.
This is all correct.  I will supplement your observations.  Blockchain technology itself provides the highest possible reliability, and therefore, of course, is a priority for use in games.  And I must say it is used more and more in many areas.  In the gaming industry, it is obvious that its use should be developed and improved in every possible way, which is what we are observing.  Their tokens, their staking, and so on, all of this has already appeared and will continue to appear.


yes, its nice because open source code makes it possible to verify, in games that have a luck component or random distribution this is really important
it's interesting that it can get quite hard to make something truly random too
chainlink is working on solutions like that if I'm not wrong
and lots of applications on ethereum


Title: Re: Blockchain and Gambling
Post by: delfastTions on September 23, 2021, 01:35:55 PM
yes, its nice because open source code makes it possible to verify, in games that have a luck component or random distribution this is really important
it's interesting that it can get quite hard to make something truly random too
chainlink is working on solutions like that if I'm not wrong
and lots of applications on ethereum
Yeah.  Ethereum is definitely not suitable for gambling right now. 
Crazy commission for any transaction, and even more so if this smart contract immediately turns your winnings into a loss.  Unfortunately, I think this picture with Ethereum will continue for quite a long time, a year, maybe two.  And even when moving to the PoS, I suspect that it will still be large.  This is sad, because this blockchain is the most popular and well-known now.
 But I think gambling sites will gradually adapt and will use blockchains and tokens with small commissions


Title: Re: Blockchain and Gambling
Post by: KTChampions on September 23, 2021, 01:39:54 PM
well, we have descentralized exchanges working just fine, maybe its just a matter of time until we have a good descentralized casino
the good news is that if code is open source it will be verifiable so people can check if its really provably fair.

True. But with DEXes you will either use them on some centralized blockchain (like Binance Smart Chain) or you will pay high gas fees like on Uniswap. Would you pay $50 for a transaction fee just to place $10 bet? I don't think so. And if casino uses centralized blockchain like BSC, then users again have to trust that casino won't tamper with it's blockchain. That's why I'm saying that casinos need a Blockchain that is not yet developed (decentralized, secured and fast).

Large commissions take place only because of the huge demand from people and the technical impossibility of satisfying them cheaply (bandwidth does not allow). After ETH2 starts working or other blockchains like Cardano or Solana become popular, the cost of swaps and transactions will drop sharply and the work of decentralized services will be efficient. Therefore, one can hope that real decentralized casinos will appear.


Title: Re: Blockchain and Gambling
Post by: worldofcoins on September 23, 2021, 02:24:33 PM
The gambling sector might not have been so easy without blockchain technology. One can participate in online gambling from different countries of the world through block-chain technology. Moreover, through blockchain It is easier to withdraw and deposit.

Yes, it's easy to transfer and send money through blockchain but you have to get your money on the blockchain first, and looking at the history Banks tried everything they could to prevent that from happening.

What else is that you also have to consider the reputation of gambling website you're  playing on, They can show easy deposits and withdraws but might end up taking all the money when you win


Title: Re: Blockchain and Gambling
Post by: Peanutswar on September 23, 2021, 02:52:35 PM
Crypto gambling with the use of blockchain I guess is more quite effective because all of the transactions of the players are already credited with the blockchain which is more transparent for the user aware of having a took waiting time for the transaction to be a process. Also, we know how much secured with the use of blockchain technology I guess this kind of business adaptation might be applied not only with the gambling things too, sooner or later many people will appreciate the use of this.


Title: Re: Blockchain and Gambling
Post by: Lucasgabd on September 23, 2021, 04:20:36 PM
yes, its nice because open source code makes it possible to verify, in games that have a luck component or random distribution this is really important
it's interesting that it can get quite hard to make something truly random too
chainlink is working on solutions like that if I'm not wrong
and lots of applications on ethereum
Yeah.  Ethereum is definitely not suitable for gambling right now. 
Crazy commission for any transaction, and even more so if this smart contract immediately turns your winnings into a loss.  Unfortunately, I think this picture with Ethereum will continue for quite a long time, a year, maybe two.  And even when moving to the PoS, I suspect that it will still be large.  This is sad, because this blockchain is the most popular and well-known now.
 But I think gambling sites will gradually adapt and will use blockchains and tokens with small commissions

in reality that fact that ethereum fees are high and people pay it is bullish for price, supply x demand, there's people who are willing to use the network regardless of fees
but I get your point, for this the best solution would be using an L2 alternative chain, let's see if POS on eth 2.0 helps with the fees.


Title: Re: Blockchain and Gambling
Post by: madnessteat on September 23, 2021, 05:09:23 PM
yes, its nice because open source code makes it possible to verify, in games that have a luck component or random distribution this is really important
it's interesting that it can get quite hard to make something truly random too
chainlink is working on solutions like that if I'm not wrong
and lots of applications on ethereum
Yeah.  Ethereum is definitely not suitable for gambling right now.  
Crazy commission for any transaction, and even more so if this smart contract immediately turns your winnings into a loss.  Unfortunately, I think this picture with Ethereum will continue for quite a long time, a year, maybe two.  And even when moving to the PoS, I suspect that it will still be large.  This is sad, because this blockchain is the most popular and well-known now.
 But I think gambling sites will gradually adapt and will use blockchains and tokens with small commissions

in reality that fact that ethereum fees are high and people pay it is bullish for price, supply x demand, there's people who are willing to use the network regardless of fees
but I get your point, for this the best solution would be using an L2 alternative chain, let's see if POS on eth 2.0 helps with the fees.

The L2 solutions designed to scale the ETH network are quite suitable for gambling activities if a person often gambles and has enough available funds to send from the mainnet ETH to Optimism or Arbitrum and keep them there.

I recently sent ETH to L2 solution Optimism - input commission was about $88 and output to the mainnet ETH was $92 with a recommended gas price of 55-70 gwei.

Commissions when sending ETH to L2 solution Arbitrum with the same gas price are 3-4 times less.

In my opinion it is much more convenient to use Solana network which has fast and inexpensive transactions.


Title: Re: Blockchain and Gambling
Post by: Theones on September 23, 2021, 06:11:55 PM

~~

There's no perfect casinos, its just that Blockchain technology improves the system for a better services but it doesn't guaranteed a smooth run of the system so technically, we can always hear disputes and its very normal, what's normal is the team can't solve it at all. Blockchain is a big help for transparency and many gamblers prefer this now because they are afraid about the fairness of every gambling site, now with a help of blockchain at least we can check if the site is really fair or not.

If the project is on GitHub then there is possibility that one can check how much fair the gambling platform is. I don't think 100% fair casino is acceptable for owner since that will bring them both loss and profit in place of profit only.
Blockchain is about bringing transparency, in gambling the gamblers want transparency not the platform owners.


Title: Re: Blockchain and Gambling
Post by: Fortify on September 23, 2021, 06:38:27 PM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

If you don't understand something, sometimes it is because the topic is super complex, however often times when people are trying to sell a product to you it is just marketing terminology meant to impress and confuse you at the same time. The blockchain has many different useful purposes, one of which is the very basis of its existence - tracking the movement of funds between accounts which is exactly what is being described here in different words. They are basically providing a non-service because the blockchain already offers the functionality they're describing if used properly. This is how many companies try to break into a market and make a name for themselves - pretending to offer a revolutionary new method of service but in actual fact changing very little.


Title: Re: Blockchain and Gambling
Post by: Zilon on September 23, 2021, 10:37:09 PM
Disputes will always occur if there is centralized management in it. Many casinos eschew blockchain solutions on all aspects that are prone to conflict even though they offer transparency and fairness. As much as they set the company's terms and rules, some of the customers get inappropriate treatment like withdrawal not allowed, account lockout etc because they are considered to be violating written rules or based on casino's unilateral policies (after manual subjective research).
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company. Blockchain is just a perfect solution


Title: Re: Blockchain and Gambling
Post by: Johnyz on September 23, 2021, 10:44:03 PM
Disputes will always occur if there is centralized management in it. Many casinos eschew blockchain solutions on all aspects that are prone to conflict even though they offer transparency and fairness. As much as they set the company's terms and rules, some of the customers get inappropriate treatment like withdrawal not allowed, account lockout etc because they are considered to be violating written rules or based on casino's unilateral policies (after manual subjective research).
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company. Blockchain is just a perfect solution
There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.


Title: Re: Blockchain and Gambling
Post by: Rengga Jati on September 23, 2021, 11:29:32 PM
There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.
Yes exactly, using blockchain technology for gambling will not guarantee if the site is legit or not, scam or not.
But actually, it may serve better. At least, using blockchain technology makes it more advanced, transparent, fast, and has other positive sides. But once more, it doesn't guarantee the scam or legit.
However, we must not also only pay attention to the technology that is used or implemented (in this case, blockchain). There must be still several things to consider when choosing the gambling site.
And I personally will also consider the team, track record, license, and moreover, I will always choose the reputable gambling site, not the new one that is launched already. If the site is a new one but they have a good track record at least several months, I will start considering, moreover if there is no scam accusation about that.


Title: Re: Blockchain and Gambling
Post by: ultrloa on September 23, 2021, 11:45:13 PM
Disputes will always occur if there is centralized management in it. Many casinos eschew blockchain solutions on all aspects that are prone to conflict even though they offer transparency and fairness. As much as they set the company's terms and rules, some of the customers get inappropriate treatment like withdrawal not allowed, account lockout etc because they are considered to be violating written rules or based on casino's unilateral policies (after manual subjective research).
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company. Blockchain is just a perfect solution
There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.

Its just a matter of profitability and scammers use the current trend to accumulate costumer to be scam easily that's why eventhough there's blockchain involve on gambling we cannot guarantee any legitimacy of their project. And yeah we need transparency since this is one of important things needed to have by the dev's itself, for this we need to check which of those current blockchain based gambling site running good and transparent so that we can safely say that we are at lower risk investment or platform to play on.


Title: Re: Blockchain and Gambling
Post by: blockman on September 23, 2021, 11:56:08 PM
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company.
Saw that happened in some casinos, even it's already proven to be a win by the gambler. They just don't want to give that prize that he deserved to win.

Blockchain is just a perfect solution
As said for the casinos that are mainly accepting cryptocurrencies. They seem to be said adopted blockchain already. But with such cases, they're mostly isolated cases and they will solve it as much as they can.


Title: Re: Blockchain and Gambling
Post by: LUCKMCFLY on September 24, 2021, 02:48:57 AM
Disputes will always occur if there is centralized management in it. Many casinos eschew blockchain solutions on all aspects that are prone to conflict even though they offer transparency and fairness. As much as they set the company's terms and rules, some of the customers get inappropriate treatment like withdrawal not allowed, account lockout etc because they are considered to be violating written rules or based on casino's unilateral policies (after manual subjective research).
There's no perfect casinos, its just that Blockchain technology improves the system for a better services but it doesn't guaranteed a smooth run of the system so technically, we can always hear disputes and its very normal, what's normal is the team can't solve it at all. Blockchain is a big help for transparency and many gamblers prefer this now because they are afraid about the fairness of every gambling site, now with a help of blockchain at least we can check if the site is really fair or not.

In this I fully agree with your opinion, in the forum there are many cases where not only complaints or discussions are presented, even if it is supported by Blockchain technology, there will be failures. And although many are looking for how they can win in casinos, some are dedicated to seeing their vulnerabilities, sometimes they focus on the Welcome bonuses, for which, there are many who have many accounts and want to take advantage of the system , then in many ways there will always be flaws, the most common things are due to KYC requirements, then all this is combined and produces these types of vulnerabilities.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 24, 2021, 06:20:08 AM
well, we have descentralized exchanges working just fine, maybe its just a matter of time until we have a good descentralized casino
the good news is that if code is open source it will be verifiable so people can check if its really provably fair.

True. But with DEXes you will either use them on some centralized blockchain (like Binance Smart Chain) or you will pay high gas fees like on Uniswap. Would you pay $50 for a transaction fee just to place $10 bet? I don't think so. And if casino uses centralized blockchain like BSC, then users again have to trust that casino won't tamper with it's blockchain. That's why I'm saying that casinos need a Blockchain that is not yet developed (decentralized, secured and fast).

Large commissions take place only because of the huge demand from people and the technical impossibility of satisfying them cheaply (bandwidth does not allow). After ETH2 starts working or other blockchains like Cardano or Solana become popular, the cost of swaps and transactions will drop sharply and the work of decentralized services will be efficient. Therefore, one can hope that real decentralized casinos will appear.

Firstly, PLEASE don't put Solana and the word "decentralized" into the same sentence. For me, a decentralized blockchain can't be turned off just because "the big guys" made a decision. The days Solana was turned off because of some error is the day that I crossed it off my list. Btw, I did use Solana once to mint some NFT shit and guess what - it was so clogged during that minting, it reminded me of Ethereum. The only difference is that Ethereum works even if it's clogged (true, transaction fees are very high at that time, but it works) and Solana didn't work.

And secondly, I'm aware what is the reason for big transaction costs. I'm just saying that currently there is not one blockchain suitable to be used in casinos to track inside transactions. We can argue which project will be first to achieve security, scalability and decentralization but that's not the point of this topic.


Title: Re: Blockchain and Gambling
Post by: AicecreaME on September 24, 2021, 10:57:21 AM
yes, its nice because open source code makes it possible to verify, in games that have a luck component or random distribution this is really important
it's interesting that it can get quite hard to make something truly random too
chainlink is working on solutions like that if I'm not wrong
and lots of applications on ethereum
Yeah.  Ethereum is definitely not suitable for gambling right now. 
Crazy commission for any transaction, and even more so if this smart contract immediately turns your winnings into a loss.  Unfortunately, I think this picture with Ethereum will continue for quite a long time, a year, maybe two.  And even when moving to the PoS, I suspect that it will still be large.  This is sad, because this blockchain is the most popular and well-known now.
 But I think gambling sites will gradually adapt and will use blockchains and tokens with small commissions

in reality that fact that ethereum fees are high and people pay it is bullish for price, supply x demand, there's people who are willing to use the network regardless of fees
but I get your point, for this the best solution would be using an L2 alternative chain, let's see if POS on eth 2.0 helps with the fees.

Ethereum gas fee is insane sometimes, so if you're not double checking every transaction you'd make in ethereum, you'll be surprise that the amount of ETH you transferred is smaller compared to the amount of gas fee on it, so yeah, I also agree with you guys. I thought that after the upgrade of Ethereum, it's fee is going to be smaller and accurate but I guess there's still bugs on it so we have to wait until they make ethereum network better for people to use it in gambling.


Title: Re: Blockchain and Gambling
Post by: KTChampions on September 24, 2021, 01:25:45 PM
Large commissions take place only because of the huge demand from people and the technical impossibility of satisfying them cheaply (bandwidth does not allow). After ETH2 starts working or other blockchains like Cardano or Solana become popular, the cost of swaps and transactions will drop sharply and the work of decentralized services will be efficient. Therefore, one can hope that real decentralized casinos will appear.

Firstly, PLEASE don't put Solana and the word "decentralized" into the same sentence. For me, a decentralized blockchain can't be turned off just because "the big guys" made a decision. The days Solana was turned off because of some error is the day that I crossed it off my list. Btw, I did use Solana once to mint some NFT shit and guess what - it was so clogged during that minting, it reminded me of Ethereum. The only difference is that Ethereum works even if it's clogged (true, transaction fees are very high at that time, but it works) and Solana didn't work.

And secondly, I'm aware what is the reason for big transaction costs. I'm just saying that currently there is not one blockchain suitable to be used in casinos to track inside transactions. We can argue which project will be first to achieve security, scalability and decentralization but that's not the point of this topic.

No. First, you don't need to use a decentralized blockchain to create a decentralized application. Secondly, if Solana has any differences in decentralization from ETH or bitcoin, then they are minimal. As for the tracking of internal transactions in the casino, why do you want to see them if we are not talking about a system of provable fair?


Title: Re: Blockchain and Gambling
Post by: slackovic on September 24, 2021, 01:31:15 PM
Large commissions take place only because of the huge demand from people and the technical impossibility of satisfying them cheaply (bandwidth does not allow). After ETH2 starts working or other blockchains like Cardano or Solana become popular, the cost of swaps and transactions will drop sharply and the work of decentralized services will be efficient. Therefore, one can hope that real decentralized casinos will appear.

Firstly, PLEASE don't put Solana and the word "decentralized" into the same sentence. For me, a decentralized blockchain can't be turned off just because "the big guys" made a decision. The days Solana was turned off because of some error is the day that I crossed it off my list. Btw, I did use Solana once to mint some NFT shit and guess what - it was so clogged during that minting, it reminded me of Ethereum. The only difference is that Ethereum works even if it's clogged (true, transaction fees are very high at that time, but it works) and Solana didn't work.

And secondly, I'm aware what is the reason for big transaction costs. I'm just saying that currently there is not one blockchain suitable to be used in casinos to track inside transactions. We can argue which project will be first to achieve security, scalability and decentralization but that's not the point of this topic.

No. First, you don't need to use a decentralized blockchain to create a decentralized application. Secondly, if Solana has any differences in decentralization from ETH or bitcoin, then they are minimal. As for the tracking of internal transactions in the casino, why do you want to see them if we are not talking about a system of provable fair?

How would you create a decentralized application on a centralized blockchain? For example, you create decentralized application like casino on your centralized blockchain and then what? The users of that decentralized application have to trust you that you won't tamper with the transactions. What's the point of that?


Title: Re: Blockchain and Gambling
Post by: KTChampions on September 24, 2021, 01:58:57 PM
No. First, you don't need to use a decentralized blockchain to create a decentralized application. Secondly, if Solana has any differences in decentralization from ETH or bitcoin, then they are minimal. As for the tracking of internal transactions in the casino, why do you want to see them if we are not talking about a system of provable fair?

How would you create a decentralized application on a centralized blockchain? For example, you create decentralized application like casino on your centralized blockchain and then what? The users of that decentralized application have to trust you that you won't tamper with the transactions. What's the point of that?

Easily. Let's say I create an immutable smart contract and run it. The only danger that remains is interference from the "owner" of the blockchain. But such a danger exists even now in absolutely all large (in terms of market weight) blockchains, by the way, you did not answer the question why do you need to track internal transactions in a casino? I'm really curious.


Title: Re: Blockchain and Gambling
Post by: slackovic on September 24, 2021, 02:52:47 PM
Easily. Let's say I create an immutable smart contract and run it. The only danger that remains is interference from the "owner" of the blockchain. But such a danger exists even now in absolutely all large (in terms of market weight) blockchains, by the way, you did not answer the question why do you need to track internal transactions in a casino? I'm really curious.

But that's the whole point of decentralization - so users don't have tu TRUST the owner of the centralized blockchain.

As for the tracking of internal transactions, here is one example (I won't go into too much detail because I'm on the phone and it's hard for me to type on it ;D ). Recently I heard that the owner of one Internet casino spent customers deposit. Of course he thought that he won't be caught because his plan was to invest that money, earn interest and give that money backwhile keeping the interest for him. Use of decentralized blockchain to track inside transactions would have prevented that. If he had used centralized blockchain, he could have easily tamper with the transactions and nothing would change.


Title: Re: Blockchain and Gambling
Post by: KTChampions on September 24, 2021, 03:28:28 PM
Easily. Let's say I create an immutable smart contract and run it. The only danger that remains is interference from the "owner" of the blockchain. But such a danger exists even now in absolutely all large (in terms of market weight) blockchains, by the way, you did not answer the question why do you need to track internal transactions in a casino? I'm really curious.

But that's the whole point of decentralization - so users don't have tu TRUST the owner of the centralized blockchain.

As for the tracking of internal transactions, here is one example (I won't go into too much detail because I'm on the phone and it's hard for me to type on it ;D ). Recently I heard that the owner of one Internet casino spent customers deposit. Of course he thought that he won't be caught because his plan was to invest that money, earn interest and give that money backwhile keeping the interest for him. Use of decentralized blockchain to track inside transactions would have prevented that. If he had used centralized blockchain, he could have easily tamper with the transactions and nothing would change.

And what is violated in this case? Users will not trust anyone, and the owner does not take negative actions due to the fact that by these actions he will devalue his blockchain. This is the implementation of Satoshi's ideas.
As for your answer, it is incomprehensible to me - if the owner of the casino spent money, then this is not an internal transaction and in any blockchain (decentralized or not) it is clear that the funds have left the casino.


Title: Re: Blockchain and Gambling
Post by: pinggoki on September 24, 2021, 11:06:51 PM
Implementation of the blockchain or similar technology on gambling firms and use-cases is definitely a great move considering how it would help not only for the privacy of the players but the transparency as well of each game. This makes for like what OP said a much more responsible gambling environment where gambling firms and players do not take advantage or exploit each other's weaknesses. Although I myself don't know how they would be integrating blockchain technology.
Crypto gambling with the use of blockchain I guess is more quite effective because all of the transactions of the players are already credited with the blockchain which is more transparent for the user aware of having a took waiting time for the transaction to be a process. Also, we know how much secured with the use of blockchain technology I guess this kind of business adaptation might be applied not only with the gambling things too, sooner or later many people will appreciate the use of this.
Totally agree with you. People want transparency more than anything especially in the gambling industry where things can get pretty blurry and shady at times. Blockchain being integrated makes up for a much more visible and friendly gambling experience for players as they wouldn't have a looming sense of doubt over the gambling firm. also makes it easier for proofs to be presented into court.


Title: Re: Blockchain and Gambling
Post by: robelneo on September 24, 2021, 11:49:23 PM
There's no wonder the Cryptocurrency gambling industry is a growing industry, fully established online gambling casinos are now adopting and integrating Cryptocurrency, with Cryptocurrency every transaction is transparent if there's an allegation coming from players he can show the explorer details to prove his allegations.
With Cryptocurrency we can help weed out bad actors from the industry and only reputable and transparent gambling operators can remain.


Title: Re: Blockchain and Gambling
Post by: Wexnident on September 25, 2021, 02:33:03 AM
There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.
Its just a matter of profitability and scammers use the current trend to accumulate costumer to be scam easily that's why eventhough there's blockchain involve on gambling we cannot guarantee any legitimacy of their project. And yeah we need transparency since this is one of important things needed to have by the dev's itself, for this we need to check which of those current blockchain based gambling site running good and transparent so that we can safely say that we are at lower risk investment or platform to play on.
[/quote]
Now that's just a stupid argument imo. Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.


Title: Re: Blockchain and Gambling
Post by: noorman0 on September 25, 2021, 01:33:07 PM
There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.
There you have it, casino transparency is not just about blockchain based or not (although this is the best solution). Because all we need is to play honestly without any problems. Honest casinos will still be honest, they don't need to make massive defenses (even just need to be silent) in handling cases of great value disputes. Their users will always imply positive value to the public without a doubt.

-snip-
Mate, please fix your quote.


Title: Re: Blockchain and Gambling
Post by: aioc on September 25, 2021, 03:10:41 PM

There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.
Totally different thing, even if there is transparency in the blockchain if the gambling casinos want to scam their players they can do it, by creating false allegations we have seen that happens so many times in the case of 1XBIT where players get ban because of alleged violation they commit but it is not within the scope of blockchain, it's a different subject, what I'm trying to say is Cryptocurrency gambling also has its share of scammers.


Title: Re: Blockchain and Gambling
Post by: Wakate on September 25, 2021, 03:17:58 PM
I'm glad the mediator is being honest about it. It's his job to help those who have disputes and this could ruin his profits but he thought about the good side of introducing the blockchain technology that will ease the difficulties of tracing back the transactions. Who would do that this days?
He could just keep his mouth shut and take as many disputes as he can from gamblers and yet he wanted a progressive way. Small problems could be directed to gambling platform support while he can focus on big amounts.
If more sophisticated tools are used in block chain transactions then it might be hard to recognize and track down transactions making it impossible for ordinary tracking. Using block chain in gambling had been a good innovation making it easy for gamblers to make transactions from one wallet address to another increasing the chances of more gamblers in making bets.


Title: Re: Blockchain and Gambling
Post by: semobo on September 25, 2021, 04:28:20 PM
A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.


Title: Re: Blockchain and Gambling
Post by: dimonstration on September 25, 2021, 04:36:12 PM
A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.
There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.


Title: Re: Blockchain and Gambling
Post by: semobo on September 25, 2021, 05:15:22 PM
A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.
There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.
Crypto gambling industry is not using the blockchain technology in their casinos, they are just allowing the blockchain based cryptocurrency to be their accepted payment. And the script can't be manipulated, if they do then they will get caught for sure.


Title: Re: Blockchain and Gambling
Post by: Renampun on September 25, 2021, 05:24:51 PM
...

blockchain technology + gambling = 99,99% probably fair

from what I know that blockchain technology has changed the order of gambling that has occurred so far, nothing can be hidden, everything is clearly visible to the public. Gambling in traditional casinos is still prone to be deceived but in crypto casinos the percentage is almost zero.


Title: Re: Blockchain and Gambling
Post by: 3meek on September 25, 2021, 06:35:00 PM
...

blockchain technology + gambling = 99,99% probably fair

from what I know that blockchain technology has changed the order of gambling that has occurred so far, nothing can be hidden, everything is clearly visible to the public. Gambling in traditional casinos is still prone to be deceived but in crypto casinos the percentage is almost zero.

As has been said many times here, cryptocurrencies in many online casinos are just one way of making a deposit... And the casinos themselves do not use blockchain technology! Not many gambling sites can give you a hash of your transaction when you play, and those that can do it are mostly dice games... So I don't understand why you say something is visible to the public...


Title: Re: Blockchain and Gambling
Post by: RealMalatesta on September 25, 2021, 08:38:02 PM
Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.
Scammers will find the most trendy way to scam people at all times. There are no scammer that would stop at a certain level, whatever they need to do, they will keep on doing it, as long as they know that there is some money to be made.

I have seen scammers who ended up spending a million dollars (not their own money, from investors money that they earned) in order to make even more profit. So that means, they started out with a small scam, got popular, earned a lot of money and they could have just scammed and took that money and get out, reached 50k dollars? Take it and leave and let it be a scam right? No they put everything back into marketing and turned it into something huge and then they ended up leaving with few million dollars instead of just 50k. Last I heard they were sued but not jailed, they were just waiting for the judge to decide on the punishment or something I believe.


Title: Re: Blockchain and Gambling
Post by: izsara on September 25, 2021, 08:46:57 PM
A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.
There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.
but the reality is not like that because indeed all those based in the gambling industry do not use blockchain but only use crypto media to make bets and to transact.
the casino remains a casino with all the data rules and scripts they use to manage their gambling and crypto will still be on the blockchain because it is used only as a means of payment, and its position is the same as fiat or chipscoin which is used as a means of payment.
there is no problem about it because they are different in type but their purpose at the casino remains the same.


Title: Re: Blockchain and Gambling
Post by: Wakate on September 25, 2021, 08:59:52 PM
Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.
Scammers will find the most trendy way to scam people at all times. There are no scammer that would stop at a certain level, whatever they need to do, they will keep on doing it, as long as they know that there is some money to be made.

I have seen scammers who ended up spending a million dollars (not their own money, from investors money that they earned) in order to make even more profit. So that means, they started out with a small scam, got popular, earned a lot of money and they could have just scammed and took that money and get out, reached 50k dollars? Take it and leave and let it be a scam right? No they put everything back into marketing and turned it into something huge and then they ended up leaving with few million dollars instead of just 50k. Last I heard they were sued but not jailed, they were just waiting for the judge to decide on the punishment or something I believe.
I think block chain is the lastest place for scammers to get there victims since many persons are still ignorant about how the block chain interface works. Many projects that had end up scamming many investors making then to ignore cryptocurrency limiting people from attempting to use block chain while increase the fear of them losing there fund if the make of it.


Title: Re: Blockchain and Gambling
Post by: South Park on September 26, 2021, 05:38:54 PM
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company.
Saw that happened in some casinos, even it's already proven to be a win by the gambler. They just don't want to give that prize that he deserved to win.
While this is very sad at the same time we can be satisfied with the knowledge that those casinos are not going to last long, people in this market are very susceptible to any wrongdoing from casinos as they know that they cannot really get their coins back unless the casino is honest, so once one of those issues appears and it can be proven the player is on the right and not the casino and they still decide to not give back the money then the community as a whole will avoid such casino from now on.


Title: Re: Blockchain and Gambling
Post by: AmoreJaz on September 26, 2021, 07:20:01 PM
I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company.
Saw that happened in some casinos, even it's already proven to be a win by the gambler. They just don't want to give that prize that he deserved to win.
While this is very sad at the same time we can be satisfied with the knowledge that casinos are not going to last long, people in this market are very susceptible to any wrongdoing from casinos as they know that they cannot really get their coins back unless the casino is honest, so once one of those issues appears and it can be proven the player is on the right and not the casino and they still decide to not give back the money then the community as a whole will avoid such casino from now on.

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.


Title: Re: Blockchain and Gambling
Post by: Ryker1 on September 26, 2021, 09:59:43 PM
this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.
Well the reason I always chose a casino that has a business here is that I know they are hard not to find if there is a technical problem --you can easily reach the team for customer support. The review site has its own review of a certain casino on its own, that is why I don't trust watching a review on a review site it should be under by the community review not rely on a single person. For me, those who are in this forum that continuously offering their service and have of course a good reputation will always be good to trust and leave your fund.


Title: Re: Blockchain and Gambling
Post by: coin-investor on September 26, 2021, 10:54:20 PM
this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.
Well the reason I always chose a casino that has a business here is that I know they are hard not to find if there is a technical problem --you can easily reach the team for customer support. The review site has its own review of a certain casino on its own, that is why I don't trust watching a review on a review site it should be under by the community review not rely on a single person. For me, those who are in this forum that continuously offering their service and have of course a good reputation will always be good to trust and leave your fund.

That is true casinos can get paid reviews but they cannot bribe the whole members of the forum to give them good feedback, because members of this forum are players to who also keep on watch good and bad casinos in the industry, they are also giving honest reviews they don't care if the casino they are playing will suffer, because they prefer to protect the interest of their co-players and themselves as well.


Title: Re: Blockchain and Gambling
Post by: Lucasgabd on September 29, 2021, 12:14:49 PM
<...>

The L2 solutions designed to scale the ETH network are quite suitable for gambling activities if a person often gambles and has enough available funds to send from the mainnet ETH to Optimism or Arbitrum and keep them there.

I recently sent ETH to L2 solution Optimism - input commission was about $88 and output to the mainnet ETH was $92 with a recommended gas price of 55-70 gwei.

Commissions when sending ETH to L2 solution Arbitrum with the same gas price are 3-4 times less.

In my opinion it is much more convenient to use Solana network which has fast and inexpensive transactions.

Solana has many problems too, have you heard about the fail?
I like Sam but don't think it'll be the ethereum killer...
too centralized

eth has the first mover advantage and the fact the people pay the taxes even at this point is in reality bullish for the network


Title: Re: Blockchain and Gambling
Post by: alegotardo on September 29, 2021, 07:05:47 PM
this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.


Title: Re: Blockchain and Gambling
Post by: Oilacris on September 29, 2021, 07:37:27 PM
this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.
This place on where  should people do  really make out some search because you could really see the community here do really help out or could really make out complaints and feedbacks on any sites that do exist in the
market whether its new or old.

Feedbacks are important because this would be your main basis whether you do tend to play on a site or not basing off with its reputation and you could confirm it up here on this place on point.

Also you could find lots which are known and reputable if you do make out some search but if you do just ignore then it would be your own mistake.


Title: Re: Blockchain and Gambling
Post by: timerland on September 29, 2021, 08:05:53 PM
Blockchain is definitely a great improvement in the gambling industry. With blockchain, not only are data publicly available for anybody who wishes to check, these data are also resistant to tampering. So blockchain gambling gives some assurance to the players that everything is fair and transparent.

Conflict settlement will be much easier when blockchain is utilized in gambling platforms. The future for blockchain gaming is much brighter.

I don't think that conflict settlement is necessarily what OP is talking about.

He's moreso talking about settling bets, in terms of payments etc.

Smart contracts definitely help in this case but I think that we are still a long way off from people actually embracing decentralized casinos fully.


Title: Re: Blockchain and Gambling
Post by: Hippocrypto on September 29, 2021, 08:26:38 PM
Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.


Title: Re: Blockchain and Gambling
Post by: Fivestar4everMVP on September 29, 2021, 10:49:39 PM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.


Title: Re: Blockchain and Gambling
Post by: passwordnow on September 29, 2021, 11:14:42 PM
Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.
For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.


Title: Re: Blockchain and Gambling
Post by: tippytoes on September 29, 2021, 11:17:37 PM
Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.
For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.


Title: Re: Blockchain and Gambling
Post by: goinmerry on September 29, 2021, 11:41:39 PM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.


Title: Re: Blockchain and Gambling
Post by: adzino on September 29, 2021, 11:51:57 PM
AFAIK, Most of the online gambling operator are using blockchain for all the transactions entering on there casino since payment method is in crypto and its all recorded if the dispute is about whether the user indeed deposit/withdraw the exact amount.
You mean "all crypto" casino are operating using blockchain for transactions? I don't think fiat online casinos use any kind of blockchain technology. It's not going to be a big issue for fiat casinos to know if the user indeed deposited/withdrew the exact amount. Just few calculations, bookkeeping and accounting is enough for them.
There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.
I have only heard of few casinos. Most of them have centralized tokens system (even though they say they are decentralized, but they control most) that users can use to gamble. They aren't very much popular.


Title: Re: Blockchain and Gambling
Post by: madnessteat on September 30, 2021, 01:23:06 AM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

You can always gamble on sites which are not in the jurisdiction of countries with mandatory KYC and are not subject to their laws. Besides I think if regulators will pressurize gambling business using cryptocurrencies it will lead to decentralized casinos like it happened with trading platforms.


Title: Re: Blockchain and Gambling
Post by: traderethereum on September 30, 2021, 06:21:32 AM
I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.
It is right what you say because we are always aware that when we are on the internet, we need to protect ourselves from other bad things and by being anonymous, we can hide from those who want to do something bad to us.
Even if the regulator can use blockchain to track the transaction, the regulator will be hard to identify that we are using the coins for playing gambling because we can use various coins just to playing gambling.
And with so many crypto gambling sites that we already knew, it will be a place for us to play gambling as an anonymous user and the casino itself does not ask us to verify our account.


Title: Re: Blockchain and Gambling
Post by: davis196 on September 30, 2021, 06:48:38 AM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. :(


Title: Re: Blockchain and Gambling
Post by: Oshosondy on September 30, 2021, 07:03:39 AM
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.
The issue of gamblers to bet responsibly can be done using different approaches which many are already existing, blockchain may not offer much help in this case, blockchain is transparent, what goes on it are transparent, and that can be the usefulness of blockchain. If transparency can help in curtailing gambling addiction, then blockchain will have more to offer, but even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.


Title: Re: Blockchain and Gambling
Post by: imstillthebest on September 30, 2021, 07:36:10 AM
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible.
even the gambling addicts are not transparent in anything but addicted, even most hide the addiction from people that are close to them.
they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site  .
 gamblers themselves can also see their data and this will make them responsible next time .


Title: Re: Blockchain and Gambling
Post by: Smartprofit on September 30, 2021, 08:19:11 AM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

Blockchain technology has certain disadvantages.  First of all, it is speed.  Centralized solutions provide faster response times. 

Riccardo Spagni is a recognized expert in the field of anonymity and privacy.  Riccardo Spagni wrote that people should understand that all information in the blockchain is fixed forever.  It is no longer possible to remove this information from the blockchain. 

How good is it for gambling? 

Everyone must answer this question for himself.  In addition, blockchain technology itself, even such anonymous and confidential blockchain as Monero, does not guarantee anonymity. 

All other security measures for working on the Internet must be observed.


Title: Re: Blockchain and Gambling
Post by: Wexnident on September 30, 2021, 08:28:40 AM
they can hide their addiction to the people around them but not when they already start gamble online because all of thier sessions are clearly and accurately recorded thanks to the help of blockchain .
someone can create a platform where we can get data's from gamblers and concerned people can use this site  .
 gamblers themselves can also see their data and this will make them responsible next time .
But the purpose of a blockchain implementation in gambling in the first place was to provide anonymity though? (Pseudo, at least). That goes against the very idea of what a blockchain gambling is, might as well just make all casinos have KYC, centralized, and there's a site that showcases the database of the name of players and the amount of money they've spent per session (or day). Additionally, this in no way actually makes people responsible, they gambled in the first place since they don't give a damn about what would others think after all.



Title: Re: Blockchain and Gambling
Post by: passwordnow on September 30, 2021, 08:38:57 AM
Basically, this article used to be a better guide for gamblers who would like to seek proper understanding on cryptocurrency particular with the network that help their gambling transactions runs genuinely.
This served as tracker of their specific history that provides transparency towards every person who sends their funds at different online gambling sites. Without this, I don't think online betting would run successfully.
For the casinos that are not run by blockchain and cryptos, they still can do it. I'm for blockchain and crypto but even before it started, there goes the typical betting sites that have already existed. I'm not too mature enough to know all of those that have been existing over time and managed to survive and compete with the crypto casinos these days. They also have their own trackers for each customer that they have but with blockchain it made it transparent and easier to look at it publicly.

Fiat-based casinos have been existing for decades and decades already. So more than likely, their system is already established when it comes to tracking their customers. However, we can't deny the fact that blockchain technology in crypto gambling will make their data much transparent and maybe less work for their data analyses. Blockchain tech is really revolutionizing not only the gambling industry but all the other industries.
Yes, there's more advantage using the technology that blockchain has brought and it made a lot of things easy not only for the casinos but also for the customers because there is transparency. But for the fiat casinos that still don't adopt cryptocurrencies, they're still good with their process even it takes for them to start realizing that crypto and blockchain will do significant huge change on their operations in a positive way.


Title: Re: Blockchain and Gambling
Post by: Fivestar4everMVP on September 30, 2021, 08:51:21 AM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.
You sure misunderstood what I meant by crypto making it easier to track transactions, what I meant was that in times where a payment  issue arises between an operator and a client, one party can easily provide his or her transaction ID for verification of payment, this way, resolving issues are way much easier and straight forward since the blockchain does not lie,  one party can easily confirm if for sure payment was made to his or her address or not.


Title: Re: Blockchain and Gambling
Post by: AicecreaME on September 30, 2021, 11:26:54 AM
Thank God for the power of blockchain, everyone who is well involved in crypto knows that nothing in terms of transaction is hidden when it comes to blockchain technology, blockchain has made alot of different types of transactions easier to track including those in the gambling world, issues arising from gambling operators and client can easily be resolved with the evidence proven with in blockchain, personally, I no longer play with operators where crypto isn't accepted as a form of payment, cus crypto is not only easier to transact with, but also safes more in transaction fees, problems arising between operators and clients can easily be resolved, except the transactions isn't blockchain based.

I don't see that as a good feature of blockchain when it comes to gambling. The reason we play in crypto-gambling is to be anonymous, not to be tracked by anyone. Blockchain is good for other features but not as a tracking device for gambling transactions.

With the centralization now slowly coming to crypt-gambling, we might not enjoy soon the benefits of playing in crypto-gambling as KYC will be mandated and it's easy for operators now to know where our crypto is transacting to.

Blockchain transactions can be track but it has only limitations, like it could only shows where country do you live but not your name and how do you earn your money. Besides, let's say they could really trace all of it, your name, address, your whereabouts, then why be afraid if you're not doing anything wrong, right? Also not everyone in the crypto world has the time to trace all of the cryptocurrency users just to become a stalker.


Title: Re: Blockchain and Gambling
Post by: Davidvictorson on September 30, 2021, 11:57:46 AM
The fact that blockchain can be used to track a player's journey to show the markers, the indicators of gambling-related harm and promote responsible gambling is absolutely amazing. However,  there are complicated disputes between gambling operators and clients that would definitely end up in court. Like the case of  Mr Andrew Green who played a game called 'Frankie Dettori's Magic Seven Blackjack' on Betfred’s mobile casino app. Mr Green also played on a side bet feature within the game. At the end of Mr Green’s gaming session had won £1,722,500.24 as shown by the app. However, the operator would not give him his winnings because according to them, there was a fault in the game.

https://www.cms-lawnow.com/ealerts/2021/04/what-the-high-court-summary-judgment-in-the-green-v-betfred-case-means-for-gambling-operators


Title: Re: Blockchain and Gambling
Post by: worldofcoins on September 30, 2021, 06:10:05 PM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. :(

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.


Title: Re: Blockchain and Gambling
Post by: AmoreJaz on September 30, 2021, 08:53:26 PM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. :(

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.

blockchain technology definitely will not be responsible in the reduction of gambling addiction. it will aid in transparency and honesty from the casino operations. but addiction is a different story. blockchain tech will aid in the fast resolution of disputes between the casino and the player, as they can easily track the activities of the player and check where it went wrong. now, it is even easier to check the provable fairness of the system by using the provable verifiers. the job of those handling disputes will be much easier if the casino is running via blockchain tech.


Title: Re: Blockchain and Gambling
Post by: Lanatsa on September 30, 2021, 08:56:23 PM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. :(

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.

blockchain technology definitely will not be responsible in the reduction of gambling addiction. it will aid in transparency and honesty from the casino operations. but addiction is a different story. blockchain tech will aid in the fast resolution of disputes between the casino and the player, as they can easily track the activities of the player and check where it went wrong. now, it is even easier to check the provable fairness of the system by using the provable verifiers. the job of those handling disputes will be much easier if the casino is running via blockchain tech.
Don't know on why they are tagging blockchain technology into gambling addiction which doesn't really make any sense because they are really totally different because addiction is something a personal

problem which had been caused by the players motives and perception about gambling which turns out to be bad.Blockchain is what make things more interesting where it do really make things possible

and transparent which simply means it has nothing to do about emotional or events in life on a particular user.


Title: Re: Blockchain and Gambling
Post by: KTChampions on September 30, 2021, 09:18:59 PM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. :(

The article clearly states in what sense they understand responsible gambling, its entire content is quite unambiguous. The conflict between the consumer and the institution is a very hot topic, and in gambling, the blockchain really made a breakthrough in solving this issue. Once there were niches in gamling for scammers both from the casino and from the player (who claimed, for example, that they made a bet of $ 500 and their winnings were stolen, although in fact they made a bet of 5 cents), but with the start of using the blockchain these niches have disappeared since everything is now transparent and easily verifiable. So we can say that gambling in such conditions has become more responsible.


Title: Re: Blockchain and Gambling
Post by: South Park on September 30, 2021, 10:21:43 PM
While this is very sad at the same time we can be satisfied with the knowledge that casinos are not going to last long, people in this market are very susceptible to any wrongdoing from casinos as they know that they cannot really get their coins back unless the casino is honest, so once one of those issues appears and it can be proven the player is on the right and not the casino and they still decide to not give back the money then the community as a whole will avoid such casino from now on.

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.
This is something that I always do, after all there have been accusations against some casinos that were completely unfounded and it was obvious that it was an attempt by a third party to try to lower the image the community had of such casino, however the trust and the flag system we have in the forum is a pretty good indicator about the chances of a casino scamming you, so if the casino has been around for a long time and they have a good reputation then the chances you will be scammed are low.


Title: Re: Blockchain and Gambling
Post by: slackovic on October 01, 2021, 06:10:06 AM
The article clearly states in what sense they understand responsible gambling, its entire content is quite unambiguous. The conflict between the consumer and the institution is a very hot topic, and in gambling, the blockchain really made a breakthrough in solving this issue. Once there were niches in gamling for scammers both from the casino and from the player (who claimed, for example, that they made a bet of $ 500 and their winnings were stolen, although in fact they made a bet of 5 cents), but with the start of using the blockchain these niches have disappeared since everything is now transparent and easily verifiable. So we can say that gambling in such conditions has become more responsible.

There are casinos that already use blockchain? I didn't know that. Do you know any example and which blockchain they use? I'm really curious because I thought that there is no blockchain that is decentralized, scalable and secure.


Title: Re: Blockchain and Gambling
Post by: mindrust on October 01, 2021, 06:38:56 AM
So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling.
 https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ (https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/)
Quote
One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.

Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.

“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained.


- An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute

Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.

It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.

Well the article was overall a good read, what do you think ?

It certainly made gambling more accessible to many people. For example in my country, paying in the foreign casinos is forbidden. Before crypto, the only way to access them was via credit cards and lots of people paid fines because cc moves are as you know are easily traceable.

After crypto, it became almost impossible to know where you play send  whom you send you money to and there are far more many online casinos thanks to the crypto. The business is literally booming.

God bless crypto.


Title: Re: Blockchain and Gambling
Post by: delfastTions on October 01, 2021, 06:46:33 AM
There's a lot of online casino that completely coded on blockchain. The only problem was the slow transaction speed whenever lots of player is playing at the same time. Blockchain is indeed the solution to gambling industry to solve trust issue, the only problem was the blockchain that will give the right TPS to run this tons of transaction for a short period of time.
I would note that there is a problem of low transaction speed, but it is not the only one now.  Over the past year, the even more frustrating issue of increasing transaction fees has been added.  For example, in Ethereum, they have become so large that they immediately make it impossible to play for players from countries with a low standard of living, for example, from India.  $ 30-50 per smart contract transaction, for some Indians this can be a whole month's earnings.  
Well, how can you play here ????  Yes, just absolutely  nothing!  :'(
 Of course, other blockchains are starting to be used, but all of them are also gradually increasing commissions.  
This is a problem that only technology in the future can solve.


Title: Re: Blockchain and Gambling
Post by: KTChampions on October 01, 2021, 11:34:08 AM
The article clearly states in what sense they understand responsible gambling, its entire content is quite unambiguous. The conflict between the consumer and the institution is a very hot topic, and in gambling, the blockchain really made a breakthrough in solving this issue. Once there were niches in gamling for scammers both from the casino and from the player (who claimed, for example, that they made a bet of $ 500 and their winnings were stolen, although in fact they made a bet of 5 cents), but with the start of using the blockchain these niches have disappeared since everything is now transparent and easily verifiable. So we can say that gambling in such conditions has become more responsible.

There are casinos that already use blockchain? I didn't know that. Do you know any example and which blockchain they use? I'm really curious because I thought that there is no blockchain that is decentralized, scalable and secure.

Most casinos (which are related to cryptocurrencies) now use a provable fairness system that directly uses the blockchain, you can read more for example here: https://www.provably.com/ By the way, there you can see links to casinos that use this system, plus reviews of these casinos, choose yourself, do not forget about DYOR.


Title: Re: Blockchain and Gambling
Post by: slackovic on October 01, 2021, 12:07:32 PM
The article clearly states in what sense they understand responsible gambling, its entire content is quite unambiguous. The conflict between the consumer and the institution is a very hot topic, and in gambling, the blockchain really made a breakthrough in solving this issue. Once there were niches in gamling for scammers both from the casino and from the player (who claimed, for example, that they made a bet of $ 500 and their winnings were stolen, although in fact they made a bet of 5 cents), but with the start of using the blockchain these niches have disappeared since everything is now transparent and easily verifiable. So we can say that gambling in such conditions has become more responsible.

There are casinos that already use blockchain? I didn't know that. Do you know any example and which blockchain they use? I'm really curious because I thought that there is no blockchain that is decentralized, scalable and secure.

Most casinos (which are related to cryptocurrencies) now use a provable fairness system that directly uses the blockchain, you can read more for example here: https://www.provably.com/ By the way, there you can see links to casinos that use this system, plus reviews of these casinos, choose yourself, do not forget about DYOR.


I misread what you wrote. I thought that betting web sites are using blockchain for internal transactions. That's why I was so surprised. I know about provable fairness system with casinos.


Title: Re: Blockchain and Gambling
Post by: agustina2 on October 02, 2021, 06:43:45 AM
I misread what you wrote. I thought that betting web sites are using blockchain for internal transactions. That's why I was so surprised. I know about provable fairness system with casinos.

By internal transactions, do you mean transferring funds between accounts on that site? There's no blockchain involved there as that initiated by executing a contract. It was used on exchanges like Binance that's why you won't see any transaction hash for internal transactions.

Stake also have internal transfers between their users. No need to transfers funds via blockchain.


Title: Re: Blockchain and Gambling
Post by: slackovic on October 02, 2021, 06:58:18 AM
I misread what you wrote. I thought that betting web sites are using blockchain for internal transactions. That's why I was so surprised. I know about provable fairness system with casinos.

By internal transactions, do you mean transferring funds between accounts on that site? There's no blockchain involved there as that initiated by executing a contract. It was used on exchanges like Binance that's why you won't see any transaction hash for internal transactions.

Stake also have internal transfers between their users. No need to transfers funds via blockchain.

I mean any activity that's not deposit or withdraw. When you deposit your money, you don't know that it's really on your wallet because all you see is a number on a website. The owner of the betting site can take your deposit and do with it what ever he wants and you wouldn't know that your money is gone until you want to withdraw it. If internal transactions would be registered on a blockchain, everything would be publicly visible.

I'm not saying that betting sites are doing that, but you never know until you try to withdraw your money. That's why you have to trust that no one will "play" with your money. If internal transactions would be registered on a public blockchain, no trust would be needed.


Title: Re: Blockchain and Gambling
Post by: KTChampions on October 02, 2021, 09:11:55 AM
I mean any activity that's not deposit or withdraw. When you deposit your money, you don't know that it's really on your wallet because all you see is a number on a website. The owner of the betting site can take your deposit and do with it what ever he wants and you wouldn't know that your money is gone until you want to withdraw it. If internal transactions would be registered on a blockchain, everything would be publicly visible.

I'm not saying that betting sites are doing that, but you never know until you try to withdraw your money. That's why you have to trust that no one will "play" with your money. If internal transactions would be registered on a public blockchain, no trust would be needed.

But given the fact that gamblers replenish their balance through the blockchain wallets where the casino stores the cryptocurrency are known, if you are interested, you can track them. But is it really that important to you? Are you playing for millions of dollars and it is important for you to be confident in the solvency of the casino at such a high level?


Title: Re: Blockchain and Gambling
Post by: harizen on October 02, 2021, 10:12:06 AM
If internal transactions would be registered on a blockchain, everything would be publicly visible.

It's not necessary for me as long as our account will show us the correct balance. I mean our deposit addresses are controlled by the site anyways, does it have a bearing if we will see it on the blockchain just to confirm that our account is having a legit balance when doing an internal transaction? Internal transactions will also be visible on our transaction history on that site.

And for a reputable site, I don't think they will have to go through cheating the balance for the sake of scamming users.


Title: Re: Blockchain and Gambling
Post by: Alisha-k on October 02, 2021, 11:56:31 AM
If internal transactions would be registered on a blockchain, everything would be publicly visible.

And for a reputable site, I don't think they will have to go through cheating the balance for the sake of scamming users.
This is for reputable sites how about sites with no reputation to protect, no integrity to secure. We are all aware of various gambling sites having regular disputes with their clients on regular basis. Most times it could be error in their database structure and in some other case it could be a deliberate act from the gambling room. Blockchain has a lot to do in here since trust issues arise daily


Title: Re: Blockchain and Gambling
Post by: goinmerry on October 02, 2021, 12:00:02 PM
This is for reputable sites how about sites with no reputation to protect, no integrity to secure. We are all aware of various gambling sites having regular disputes with their clients on regular basis. Most times it could be error in their database structure and in some other case it could be a deliberate act from the gambling room. Blockchain has a lot to do in here since trust issues arise daily

I think most of us here will not play on a site that is not popular, has no integrity, and not worth putting trust.

If users still play there and there's a problem that happened on their account, that's their fault for trusting that site despite a good number of trusted casinos which we can found in the Gambling section.


Title: Re: Blockchain and Gambling
Post by: mv1986 on October 02, 2021, 05:25:19 PM
This is for reputable sites how about sites with no reputation to protect, no integrity to secure. We are all aware of various gambling sites having regular disputes with their clients on regular basis. Most times it could be error in their database structure and in some other case it could be a deliberate act from the gambling room. Blockchain has a lot to do in here since trust issues arise daily

I think most of us here will not play on a site that is not popular, has no integrity, and not worth putting trust.

If users still play there and there's a problem that happened on their account, that's their fault for trusting that site despite a good number of trusted casinos which we can found in the Gambling section.

I think so too and by now there is a sufficiently large number of online casinos offering gambling with cryptos on their websites. Most of them are very cooperative and some of them aren't even asking for KYC, yet they pay promptly.

A blockchain wouldn't change much if behind that blockchain is a fraudulent business anyway. Stick to the best guns we have in the industry and that will also put pressure on newcoming casinos in a way that they have to prove themselves first in order to get players' attention.


Title: Re: Blockchain and Gambling
Post by: slackovic on October 02, 2021, 07:46:29 PM
If internal transactions would be registered on a blockchain, everything would be publicly visible.

And for a reputable site, I don't think they will have to go through cheating the balance for the sake of scamming users.
This is for reputable sites how about sites with no reputation to protect, no integrity to secure. We are all aware of various gambling sites having regular disputes with their clients on regular basis. Most times it could be error in their database structure and in some other case it could be a deliberate act from the gambling room. Blockchain has a lot to do in here since trust issues arise daily

That's what I'm talking about. Imagine that you deposit 1 BTC to some casino or betting website and one day you want to withdraw and it says that you can withdraw only 0.5 BTC. What can you do about it? You can never know where did 0.5 BTC go because internal transactions are not public. If every user would have a wallet and if every transaction would be recorded on a blockchain, everything would be publicly visible.


Title: Re: Blockchain and Gambling
Post by: DoublerHunter on October 02, 2021, 08:42:28 PM
If internal transactions would be registered on a blockchain, everything would be publicly visible.

And for a reputable site, I don't think they will have to go through cheating the balance for the sake of scamming users.
This is for reputable sites how about sites with no reputation to protect, no integrity to secure. We are all aware of various gambling sites having regular disputes with their clients on regular basis. Most times it could be error in their database structure and in some other case it could be a deliberate act from the gambling room. Blockchain has a lot to do in here since trust issues arise daily
^ Definitely right, blockchain has a lot to do because we can track the provably fair through blockchain because this will broadcast publicly and anyone will probably see and verified per bets. Regarding the reputation of the casino, I think it is always matters. Even though they are using blockchain, they can able to lock your fund and looking for the reason for locking it because they running fraud casinos and the possible reasons they operated fraud activity too. Good thing e have a community here that is so easy for us to spot and gambling casino that has always scam accusations.


Title: Re: Blockchain and Gambling
Post by: Oshosondy on October 02, 2021, 08:46:07 PM
Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.
It is very easy to say than done but gamblers that are addicted know that they are, but what makes them not to leave gambling at that point is because they will always think that they are special, that luck will come and win big. But addicts are not special at all, they are even weaker, they are the weakest of all the people that are gambling which will result to money loss. The best thing is for addicts to quit gambling for a while, I started to gamble in 2014, I was an addict, I quite in 2019. I started to gamble again immediately after one year, but I now have control over it, the best way to end to be an addict will start from the addict to have determination to stop being addicted.


Title: Re: Blockchain and Gambling
Post by: dimonstration on October 02, 2021, 09:19:18 PM
It is very easy to say than done but gamblers that are addicted know that they are, but what makes them not to leave gambling at that point is because they will always think that they are special, that luck will come and win big. But addicts are not special at all, they are even weaker, they are the weakest of all the people that are gambling which will result to money loss. The best thing is for addicts to quit gambling for a while, I started to gamble in 2014, I was an addict, I quite in 2019. I started to gamble again immediately after one year, but I now have control over it, the best way to end to be an addict will start from the addict to have determination to stop being addicted.
While being addicted may not be related to blockchain  who have already addiction in gambling, it gives them way to do it more via online than just the typical face to  face gambling or casino gambling. Many were already addicted in gabling even without them knowing how blockchain works and thisbeing applied in online crypto casino now will give them much easy access as well minimize their doubt in blockchain based casino as their are ways for them to verify the bets and winners. This welcome new players who wants to play gambling too. But even casinos operated thru blockchain we must still fnd the casino with good feedbacks and service.


Title: Re: Blockchain and Gambling
Post by: Fredomago on October 03, 2021, 04:54:39 AM
Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.
It is very easy to say than done but gamblers that are addicted know that they are, but what makes them not to leave gambling at that point is because they will always think that they are special, that luck will come and win big. But addicts are not special at all, they are even weaker, they are the weakest of all the people that are gambling which will result to money loss. The best thing is for addicts to quit gambling for a while, I started to gamble in 2014, I was an addict, I quite in 2019. I started to gamble again immediately after one year, but I now have control over it, the best way to end to be an addict will start from the addict to have determination to stop being addicted.

In most cases, addicted gamblers who managed to quit once they come back it's still hard for them to control, thinking that they have all the control, but in reality, they are not. Good thing that you managed that way. You have good control now and you know how to limit yourself to avoid getting addicted, as experienced really teaches you what or how dangerous gambling addicted is.

Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D


Title: Re: Blockchain and Gambling
Post by: tabas on October 03, 2021, 07:58:06 AM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.


Title: Re: Blockchain and Gambling
Post by: goldkingcoiner on October 03, 2021, 08:47:40 AM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.
You don't have to solve all of them to use it on a casino, and it's impossible for a casino to have a decentralized bookkeeping since there has to be an owner in that casino but we can make the blockchain out of their control and make things public.

If the blockchain that a casino is using is not decentralized and one person (the casino owner) controls it, how is it different than a normal database where all the inside transactions are stored? Just like the owner of the casino can delete transaction from a database, he can delete transaction from a private blockchain. For example, if someone could delete an Ethereum transaction, what would I do with that transaction hash? Nothing, because it doesn't exist on the blockchain because someone deleted it.

Well as some people here already have mentioned quite eloquently, it seems more like they are using Blockchain in order to restore trust from their "clients" by putting everything on a public ledger, which is immutable. But then again, the problem with centralisation stays. So its back to us trusting them with our money and hoping they stay true to their word....


Title: Re: Blockchain and Gambling
Post by: Wakate on October 03, 2021, 11:10:21 AM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.
Block chain is very easy for gamblers to use when gambling that normal Fiat that could be use for transactions and paying of bets.
Block chain has a lots of advantage for gamblers making it very easy to use.
Block chain is an additional tools in gambling effectively enhancing the consistent patronage of block chain in gambling.



Title: Re: Blockchain and Gambling
Post by: mv1986 on October 03, 2021, 03:04:47 PM
I don't see how blockchain can be used to track all the inside transactions simply because there is not a single project that covers all three parts of the blockchain trilemma (https://medium.com/certik/the-blockchain-trilemma-decentralized-scalable-and-secure-e9d8c41a87b3). For example, Ethereum is decentralized and secure, but it's not (yet) scalable. Solana is scalable, but it's not decentralized as we have seen few days ago when they suddenly decided to shut down the entire network. Once there is a blockchain that covers all three in the blockchain trilemma, then it can be used for tracking casino's inside transactions.
You don't have to solve all of them to use it on a casino, and it's impossible for a casino to have a decentralized bookkeeping since there has to be an owner in that casino but we can make the blockchain out of their control and make things public.

If the blockchain that a casino is using is not decentralized and one person (the casino owner) controls it, how is it different than a normal database where all the inside transactions are stored? Just like the owner of the casino can delete transaction from a database, he can delete transaction from a private blockchain. For example, if someone could delete an Ethereum transaction, what would I do with that transaction hash? Nothing, because it doesn't exist on the blockchain because someone deleted it.

Well as some people here already have mentioned quite eloquently, it seems more like they are using Blockchain in order to restore trust from their "clients" by putting everything on a public ledger, which is immutable. But then again, the problem with centralisation stays. So its back to us trusting them with our money and hoping they stay true to their word....

I guess there are also some data privacy issues involved if they put everything on a blockchain. If they do that and at the same time are forced to collect KYC data at some point in time in the future, how would they protect your data from becoming public if for example a hack happens or any other way that leads to a data leak?

The centralisation issue will stay anyway as was mentioned before. I have never used Augur but if I understand correctly that would be one of the few (or the only one) possibility to gamble in a truly decentralized manner on sports betting events and so on?


Title: Re: Blockchain and Gambling
Post by: izsara on October 03, 2021, 06:36:53 PM

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.
Honestly is never easy for a gambler to know or be aware of whether they had become an addict or not. There is this feelings of wanting to gamble more to increase the chances of winning more bets that can incur more money for the gambler but soonest we'll become an addict with having a sense of it cause of the pleasure we gain when gambling. Gambling is binded by forces that if not broken, it going to bring us closer to gambling for all our lives.
actually when they do that I think they realize and know that they are one of the many addicts that exist, because it is very predictable and very easy to find out.
but the problem is that they themselves do not admit that this is an addiction to gambling.
we must be able to distinguish between not realizing and not wanting to admit, because these are two different things.
what they are doing right now is they don't want to admit that they are gambling addicts and they always assume that what they do in gambling is normal for everyone to do.


Title: Re: Blockchain and Gambling
Post by: ethereumhunter on October 04, 2021, 01:33:57 PM

Well, it's easy said than done tbh.

Gamblers at least the majority of them will gamble till they have lost it all and will do the same every time in the future. The thing with this is that the people don't always know that they are addicted and if you ask them they'll say they gamble a bit here and there but are serious... I have known a  few people in my local circle who're still addicts and no matter how I try to make them quiet it just doesn't work and I'm thinking of leaving their circle as a whole.
Honestly is never easy for a gambler to know or be aware of whether they had become an addict or not. There is this feelings of wanting to gamble more to increase the chances of winning more bets that can incur more money for the gambler but soonest we'll become an addict with having a sense of it cause of the pleasure we gain when gambling. Gambling is binded by forces that if not broken, it going to bring us closer to gambling for all our lives.
actually when they do that I think they realize and know that they are one of the many addicts that exist, because it is very predictable and very easy to find out.
but the problem is that they themselves do not admit that this is an addiction to gambling.
we must be able to distinguish between not realizing and not wanting to admit, because these are two different things.
what they are doing right now is they don't want to admit that they are gambling addicts and they always assume that what they do in gambling is normal for everyone to do.
People who have addicted to gambling will not admit that they are addicted instead saying that they are okay and still control their playing in gambling. Once that is the problem, it is hard for other people to come to them and tell the main problem because they already say everything is okay.

Gambling industries have evolved to a new thing that helps gamblers play using crypto that can make them play gambling anonymously. Maybe many gamblers are already using fiat to crypto to place their bet so they do not have to deposit into their bank accounts.


Title: Re: Blockchain and Gambling
Post by: Maestro75 on October 04, 2021, 02:15:11 PM
Of course, if you use cryptocurrency assets in gambling to prove any action becomes much easier, but as Beparanf said, not all casinos use blockchain directly in games because of the high cost of transactions and considerable time to confirm cryptocurrencies that negatively affects the gaming process. Therefore, there remains a very large area where even blockchain will not help to trace the player's actions and therefore protect his interests. It is very strange why this point was not discussed in the article.

Some of the casinos may not want to use the blockchain not because that it is expensive or slow to confirm transactions with it but because of the sharp practices they do in cheating players and lying that they have paid them while they have not. They know that every payment will be captured if they use the blockchain and can not lie about it. But without the blockchain they can manipulate the process. Casinos that are transparent will like the idea of using blockchain but those that are not will kick against it.


Title: Re: Blockchain and Gambling
Post by: blockman on October 04, 2021, 02:24:38 PM
I think most of us here will not play on a site that is not popular, has no integrity, and not worth putting trust.
Most of us won't put ourselves at risk of gambling into a casino that has no reputation. Whether they're too pushy about the technology and they are very enthusiastic about it, no reputation means that they have to build their trust from the people.

If users still play there and there's a problem that happened on their account, that's their fault for trusting that site despite a good number of trusted casinos which we can found in the Gambling section.
We always see this case and these people are signing up and depositing that much that they can't afford to lose. And in the end, they ask the community with some help but we can't help them retrieve their funds unless the casino that tricked them will send it back.


Title: Re: Blockchain and Gambling
Post by: Kittygalore on October 04, 2021, 02:29:40 PM
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.
But the fees are exorbitant though so it's not really the best one to use right now because of that. Maybe they can just stick to what they're using right now, it's not like what they're using is offensive or anything so why change right?


Title: Re: Blockchain and Gambling
Post by: gagux123 on October 04, 2021, 02:49:14 PM
Hmm, I did a succinct read on that article, I found it very interesting and I believe that everything has positive points and negative points.

The use of Blockchain in gambling will make things much more transparent and have more confidence and could be a positive thing, but on the other hand, a negative point is, not all casinos use blockchain, because of the high transaction costs and a long time for confirmation with cryptocurrencies.
This is will need to be well implemented to avoid some errors, including what I mentioned above.


Title: Re: Blockchain and Gambling
Post by: STT on October 04, 2021, 05:26:06 PM
If the blockchain isnt ETH or BTC then the fees might be reasonable.   Any public ledger should be far harder to manipulate retrospectively so there is some worth to operating a public set of books like this, it increases confidence in the cash flow of the casino, winnings and returns.  Might help them get business but also investors who want to back their profitable turnover.


Title: Re: Blockchain and Gambling
Post by: 3meek on October 04, 2021, 05:46:37 PM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.

I don't think crypto-casinos can help a gambler understand blockchain technology or teach cryptography! ;) Many people use bitcoin with absolutely no understanding of blockchain... Just like we use the smartphone without understanding cellular frequencies and other mobile technology...
The point of a lot of gambling sites is not the technology, it's the variety of payment acceptance, that's all...


Title: Re: Blockchain and Gambling
Post by: AmoreJaz on October 04, 2021, 06:33:06 PM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.

I don't think crypto-casinos can help a gambler understand blockchain technology or teach cryptography! ;) Many people use bitcoin with absolutely no understanding of blockchain... Just like we use the smartphone without understanding cellular frequencies and other mobile technology...
The point of a lot of gambling sites is not the technology, it's the variety of payment acceptance, that's all...

yes, it is not understanding the blockchain tech per se but maybe how gambling site works. like for example, it is now very easy to check the provable fairness of the casino. most sites have their own provable fairness verifiers. which addresses the transparency of your game. can we do that in traditional offline casinos that easy?
also, i do agree that you don't need to know the tech behind these cryptocurrencies in order to play, you just need to know how you can use those currencies, how to deposit or withdraw and how to convert your crypto to fiat.


Title: Re: Blockchain and Gambling
Post by: finaleshot2016 on October 04, 2021, 07:03:46 PM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.

I don't think crypto-casinos can help a gambler understand blockchain technology or teach cryptography! ;) Many people use bitcoin with absolutely no understanding of blockchain... Just like we use the smartphone without understanding cellular frequencies and other mobile technology...
The point of a lot of gambling sites is not the technology, it's the variety of payment acceptance, that's all...
But of course there is part of them that makes them curious about blockchain and searched even the definition of it and basic use of cryptocurrency. Do you think they will just buy bitcoin and use it for gambling without having an idea of what is bitcoin? Of course, even it's a little portion of knowledge at least they got a little idea of how and what the bitcoin and the blockchain technology behind it. Why would you risk your money on a network that you don't have any single idea about it? It's weird on your part because it's already a dangerous move for an individual who is clueless of how a transaction works.


Title: Re: Blockchain and Gambling
Post by: ReiMomo on October 04, 2021, 07:21:59 PM
I just read the article. Using blockchain in gambling will solve conflicts between gambling operators and clients which will save more money from going to courts and etc. Blockchain's robust way will support to identify who is right and who is wrong. The tracking system will be a huge relief for both Gambling operators and clients to be frank.

Yes, really happy to read such good things between using blockchain in gambling platform.


Title: Re: Blockchain and Gambling
Post by: Lanatsa on October 04, 2021, 08:57:46 PM
Moving back to the topic, gambling is already there before blockchain. The good for some and bad, maybe for some, are the fact that blockchain brings gambling much nearer to every gambler. ::) ;D
It has brought to gamblers easily because of blockchain. With this tech, everyone can easily understand many things not only about blockchain but as well as crypto.
The good thing about it is that it has given a lot of advantage not only with its feature but as well as additional knowledge.

I don't think crypto-casinos can help a gambler understand blockchain technology or teach cryptography! ;) Many people use bitcoin with absolutely no understanding of blockchain... Just like we use the smartphone without understanding cellular frequencies and other mobile technology...
The point of a lot of gambling sites is not the technology, it's the variety of payment acceptance, that's all...
When it comes to technicality of things then this is something that everybody doesn't really know on how blockchain tech works but it isn't really necessary for us to know as long we do know the basics

and how it do works then it would be just enough but it would really be a plus if we do know something more but it isn't really that much needed if you do really intent to deal up with things

which do only need up some simple understanding or just the basics.