Bitcoin Forum
June 22, 2024, 04:10:52 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Crypto VS Fiat Online Gambling as per Google trends  (Read 217 times)
BitcoinPanther
Hero Member
*****
Offline Offline

Activity: 1918
Merit: 564


View Profile
May 13, 2023, 12:25:41 PM
 #41

We are not in the 90 anymore.

So, right now every business scheme is more popular on online. It's not only effected casino but also other sector as well we are in the generation while everything can be access by online.

So, landbase casino right now is quite need to adjust for the change,

I think the comparison is about online casino usage between Fiat and Crypto but sadly @OP only present a USD usage compared to crypto usage which is very biased since the terms was fiat currency that includes all other fiat currencies.  Looking at the USD usage and the cryptocurrency usage in online gambling, it is clear that fiat currency is still leading in terms of casino usage.

I don't think cryptocurrency gambling usage is more popular than the fiat currency.  Online casino had been using fiat currency for deposits ever since it was established so it is very impossible for cryptocurrency to out perform it in a short period of time terms of online gambling usage.

Crypto-based casinos have been ruling fiat-based casinos for a long few years now, in fact, fiat-based casinos are shifting or adopting cryptocurrency, they have to because players are now moving to Crypto based casinos for better experience and convenience, and privacy protection, something fiat-based casinos cannot offer.
This trend is going to be permanent and the time will come there will be few fiat-based casinos, players are using Bitcoin BCH and Ethereum because this is the most popular coin in the community, its a currency of choice, and because Bitcoin is the top coin, and it will remain this way for many years.

I think otherwise, fiat currency online casino is adopting cryptocurrency because there is a new set of client packaged with it.   It is not because cryptocurrency is outperforming fiat currency but it is all about adding more audience to their platform.
decodx
Hero Member
*****
Offline Offline

Activity: 1456
Merit: 935

🇺🇦 Glory to Ukraine!


View Profile
May 13, 2023, 12:48:45 PM
 #42

People ignore it because most USDT casinos enforce KYC on the players. USDT is not exactly USD but it is still in a grey area so they still have have to comply with the government rules. When you send your money to a pure crypto casino however, none of that bullshit applies to you or to the casino anymore. Especially if the casino don't have a gambling licence, you are in the wonderland.

I gotta say, I don't agree with that. For starters, USDT and other stablecoins are still considered cryptocurrencies, no matter how you slice it. They're not officially backed by any country or central bank, so comparing them to fiat currencies just doesn't fly. And as for KYC, it's not just limited to fiat casinos. Any casino with a legit license from an authorized institution - whether they accept pure crypto, pure fiat, or a mix of both - will require KYC from their players if it's mandated by law.

The math is simple:

No FIAT = No government = No regulations = No headaches.

No, the math is: No license = No government = No regulations = No KYC.
elevates (OP)
Sr. Member
****
Offline Offline

Activity: 756
Merit: 390


View Profile
May 13, 2023, 01:02:03 PM
 #43

The first page of this thread is full of spam. The second page is spammed with replies. I don't want to discuss the third page. Ultimately, everyone is trying to justify themselves but doesn't have a clue about what is being asked.

The gambling discussion child board is losing its value as it has become a sanctuary to achieve the target set for gambling signature campaign quotas. This has to end! I was trying to understand which crypto is mainly being used apart from those I listed, but I did not get a satisfying answer. Hence, I am locking this thread. Thanks to everyone who replied.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!