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Author Topic: Is Bitcoin the future of online gambling?  (Read 31389 times)
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October 13, 2015, 04:47:55 PM
 #81

I would ask... How could it not be the future of online gambling? Psudo-anonymous, digital, universal money. Yes it will be.

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October 13, 2015, 04:55:06 PM
 #82

Most definitely! We have been using alternatives for the real currencies since the dawn of gambling ! For example,the real reason the invented chips on the table because according to the law gambling with "currency" is a crime .So if a place gets raided by cops  and they find the chips on the poker table they can never use it as a solid proof that it resembles real currency in the game .We have come too far now ! Cryptocurrencies should be taking over soon!It is safe,secure and soon it will be legit !

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October 13, 2015, 05:15:22 PM
 #83

It is.

Credit cards are expensive and few peple use it and people fear to use them on gambling sites because of data leak. Bitcoin solves all the problems with credit cards and is quicker too

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October 13, 2015, 05:59:51 PM
 #84

yes i think so , nowadays the great gambling sites use Bitcoin either as unique payment processor, or as one of this payment processors, and also the number of gambling sites which support Bitcoin is growing up daily , so we can guess that Bitcoin is the future of online gambling
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October 13, 2015, 07:04:41 PM
 #85

it definitely is mainly because casinos dont need any licences so there can be as much as people create also bitcoin is anonymous so people arent afraid to play it

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October 13, 2015, 07:08:05 PM
 #86

It could be but there are a few sticking points -

1.) Price volatility
2.) Needs to be much, much more adoption

At the moment bitcoin is a long way from being the leading tool/payment method for online gambling but of course it's possible.

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October 13, 2015, 07:19:00 PM
 #87

I think one of the reasons why its more popular is because its anonymous and most likely alot of kids are starting to gamble because its impossible to prove age.

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October 13, 2015, 07:20:08 PM
 #88

yes i think so , nowadays the great gambling sites use Bitcoin either as unique payment processor, or as one of this payment processors, and also the number of gambling sites which support Bitcoin is growing up daily , so we can guess that Bitcoin is the future of online gambling

Agreed with you, Bitcoin is getting very popular among the gambling sites and gamblers. Bitcoin has been already accepted as payment mode for many popular sites, because of bitcoin gambling will be more easy, simple, fast and safe. Now anyone can gamble with bitcoin from any part of the world without sharing their personal details which is the main advantage.

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October 13, 2015, 07:20:49 PM
 #89

Yes. It is the future of people who wants to hide from their wife that they are gambling .

non-traceable.  Grin

Bitcoin should just be introduced more. So it can be used for many things.

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October 13, 2015, 07:27:21 PM
 #90

I think one of the reasons why its more popular is because its anonymous and most likely alot of kids are starting to gamble because its impossible to prove age.

Yes, no one can identify that whether the player is minor or not, Its totally anonymous so this is something like disadvantage but its not a big issue. I think that proper precautions are required in order to avoid such problems and I am sure there will be permanent solution for this problem in future.
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October 13, 2015, 07:34:29 PM
 #91

I think one of the reasons why its more popular is because its anonymous and most likely alot of kids are starting to gamble because its impossible to prove age.

Yes, no one can identify that whether the player is minor or not, Its totally anonymous so this is something like disadvantage but its not a big issue. I think that proper precautions are required in order to avoid such problems and I am sure there will be permanent solution for this problem in future.

Yes that is one reason too. Kids nowadays have their own computers and with just a little money that they earned they can buy bitcoin and boom they can gamble and more. They dont need an ID online. Just clicking that " Yes I am 18" button will do everything. And Mama wont even know.

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October 13, 2015, 08:42:01 PM
 #92

I think one of the reasons why its more popular is because its anonymous and most likely alot of kids are starting to gamble because its impossible to prove age.

Yes, no one can identify that whether the player is minor or not, Its totally anonymous so this is something like disadvantage but its not a big issue. I think that proper precautions are required in order to avoid such problems and I am sure there will be permanent solution for this problem in future.

Well this can be a big problem for Bitcoin. I don't think that regulators and law makers will ever let this slide and this might be the sole reason why they you'll not allow Bitcoin based gambling sites.

When you think about it, this is quite a big deal. How can you prevent minors from gambling? As the minors really shouldn't be allowed to gamble in any possible case.
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October 13, 2015, 09:40:01 PM
 #93

Yes, bitcoin is the future of online gambling. Bitcoin offers more anonymity than paypal or credit card, so gamblers will naturally prefer to gamble with bitcoin.
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October 14, 2015, 01:30:58 AM
 #94

Yes, bitcoin is the future of online gambling. Bitcoin offers more anonymity than paypal or credit card, so gamblers will naturally prefer to gamble with bitcoin.

Not true in all regions and not necessary true in un regulated markets.
 

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October 14, 2015, 03:20:23 AM
 #95

It is.

Credit cards are expensive and few peple use it and people fear to use them on gambling sites because of data leak. Bitcoin solves all the problems with credit cards and is quicker too

Actually credit card is almost the same as blockchain, the difference is blockchain you can send it from many address and it is faster then credit card and its anonymous so they will not know which one if us is doing the bet
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October 14, 2015, 03:54:59 AM
 #96

I think it is a good assumption that bitcoin can become very popular in gambling and become the money (token) to use easily in online gambling casinos.
because it is easy to use, fast and anonymous so everybody can use it from everywhere and gamble. besides when using bitcoin, you don't have to rely on anybody (like your bank) and you manage your money on your own. so you don't have to be afraid of their rules or any annoying other stuff.

Its true that bitcoin in gambling is pretty easy to use but fast I dont think so because fast or not it depends on your site and blockchain too. Nowadays people are having this blockchain problem that take a longer time to do some deposits and withdrawal

well, all the problems like the network spam attack (stress test) or anything like that are just temporary and going to go away after a while. and since bitcoin is a new technology it is bound to have these issues and they are going to get fixed with each update it gets over time.

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October 14, 2015, 03:58:58 AM
 #97

Bitcoins is probably the best option for online gambling so I think it's yes. Tho paypal is trying to beat our ol' bitcoins. Goodluck to that. Cheesy
 If bitcoins will be widely known and would be used more often in gambling then espext a lot more investors in it. It's a great way for bitcoins!! Grin
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October 14, 2015, 08:22:39 AM
 #98

Well for Bitcoin to become a future in online gambling, one factor that need to improved in the future is network transaction development to reduce hassle and worries for all deposits and withdraws that will made. Like posted yesterday, there was a guy here who lost a few bets because of the recent attack in blockchain that made all transactions delayed. It really dissapointing when you can't do bets when you think the game is for you because of the delays.

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StevenLiang
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October 14, 2015, 02:45:35 PM
 #99


What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

- Read full article HERE and don't forget to share your thoughts with us Wink

I must agree with these,
i usually to lazy to make some deposits from my bank account or debit card.

But after i knowing about BTC and try to play in faucet (never play again on faucet, that only my past),
and have some amount in my wallet.

I would like to try some gambling sites like crypto-games.net and betcoin.ag easily.
From my perspective, i would vote "yes" for your question.

vendetahome
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March 16, 2016, 07:34:10 PM
 #100


What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

- Read full article HERE and don't forget to share your thoughts with us Wink

well personally i think that it will be future of online(and maybe real life) gambling currency, because in most of gambling sites you don't need to give ID or anything else to prove that you're older than 18 years old

and in future we might be able to pay with bitcoins in real life casino, so bitcoin have huge potential here
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