Gambling and Bitcoin?

[~Bitcoin~]

Pros: in some of the countries gambling is not allowed so bitcoin gambling is the way they can enjoy gambling.
Cons: bitcoin only gambling site can easily get disappear as they don't have to take license to operate.

[chennan]

Pros: in some of the countries gambling is not allowed so bitcoin gambling is the way they can enjoy gambling.
Cons: bitcoin only gambling site can easily get disappear as they don't have to take license to operate.

Very true in this regard. But here's where it gets tricky though... If someone buys Bitcoin through an online exchange, let's say from the U.S., and the exchange starts to notice that these bitcoins are being funneled into a gambling site illegally, then they technically have the right to freeze your account. That's one of the problems when gambling with Bitcoin, but if you can find some way to buy bitcoins locally with cash, then that's the best way to gamble without frozen accounts and the possible legal trouble with the government.

[The Sceptical Chymist]

Pros: in some of the countries gambling is not allowed so bitcoin gambling is the way they can enjoy gambling.
Cons: bitcoin only gambling site can easily get disappear as they don't have to take license to operate.

Very true in this regard. But here's where it gets tricky though... If someone buys Bitcoin through an online exchange, let's say from the U.S., and the exchange starts to notice that these bitcoins are being funneled into a gambling site illegally, then they technically have the right to freeze your account. That's one of the problems when gambling with Bitcoin, but if you can find some way to buy bitcoins locally with cash, then that's the best way to gamble without frozen accounts and the possible legal trouble with the government.

Yep, and that's exactly what exchanges like Coinbase are doing--many users here have reported getting their accounts shut down because of gambling.  It fucking sucks, but there are people watching where bitcoins are going to.  I had my account terminated because I made a bank account error on a purchase for something like $6.  Fuck Coinbase.

And gambling is one of the main uses of bitcoin at the moment, and it's probably what's going to allow it to survive.  I don't think there are enough advantages to convince Joe Public that btc is better than cash.

[chennan]

Pros: in some of the countries gambling is not allowed so bitcoin gambling is the way they can enjoy gambling.
Cons: bitcoin only gambling site can easily get disappear as they don't have to take license to operate.

Very true in this regard. But here's where it gets tricky though... If someone buys Bitcoin through an online exchange, let's say from the U.S., and the exchange starts to notice that these bitcoins are being funneled into a gambling site illegally, then they technically have the right to freeze your account. That's one of the problems when gambling with Bitcoin, but if you can find some way to buy bitcoins locally with cash, then that's the best way to gamble without frozen accounts and the possible legal trouble with the government.

Yep, and that's exactly what exchanges like Coinbase are doing--many users here have reported getting their accounts shut down because of gambling.  It fucking sucks, but there are people watching where bitcoins are going to.  I had my account terminated because I made a bank account error on a purchase for something like $6.  Fuck Coinbase.

And gambling is one of the main uses of bitcoin at the moment, and it's probably what's going to allow it to survive.  I don't think there are enough advantages to convince Joe Public that btc is better than cash.

While I completely relate to what you are saying about coinbase, and that's what I was in a way referring too; I don't think what I underlined in your comment is necessarily true.

Of course the average gambler might not care too much about economics in general, and just wants bitcoins to play dice or whatever, I think if you tell someone in a very plain way the economic benefits that Bitcoin gives each of its users in layman's terms; they would get the reason why it would matter. It's not like people who gamble online are very poor people with low IQ's who are drinking 40's and scratching off lottery tickets on the curb... Anyone with a mild understanding of how the world works can see that being your own bank of a currency that's finite, such as gold, that can't be printed by the government, and can send instantaneously anywhere in the world would see the benefits.

[BTCevo]

Pros: in some of the countries gambling is not allowed so bitcoin gambling is the way they can enjoy gambling.
Cons: bitcoin only gambling site can easily get disappear as they don't have to take license to operate.

Very true in this regard. But here's where it gets tricky though... If someone buys Bitcoin through an online exchange, let's say from the U.S., and the exchange starts to notice that these bitcoins are being funneled into a gambling site illegally, then they technically have the right to freeze your account. That's one of the problems when gambling with Bitcoin, but if you can find some way to buy bitcoins locally with cash, then that's the best way to gamble without frozen accounts and the possible legal trouble with the government.

Yes it is true. But with bitcoin you can be blur in every gambling site that cooperate with bitcoin, although government even find out that is illegal there is not enough proof to make you guilty. But what I care is why government should not support this thing but online casino like vegas they are fully support them? Both of them are gambling too

[rekinthis]

I've made quite some posts and read even more threads. Which made me think about the combination of Bitcoin and Gambling.

Is it ok to gamble with bitcoin? Last year we've seen a lot of scams and 'hacks'. Fact is that most of them are either made up by the devs or done by scammers whom use bitcoin's anonimity.

Pro
Let's be honest, Gambling is fun, but Bitcoin it is also very easy?

Con
Look at some dice sites, cloud mining sites that ust dissapeared with consumers money.

Since it is about money I am interested in your opintion, Is the combination of gambling and Bitcoin good?

well bitcoin is awesome for gambling, same as with black markets, with bitcoins you can gamble very fast and no need to have 18 years or more,you don't need to give ID or anything else, just bitcoin address, and gambling with bitcoins well i never saw that anyone used hacks or something else so it's safe too

[Pollak]

It will works well together and that is very nice. People that never hear from Bitcoin but they are gambling.
Will maybe use also some Bitcoin and that will be so good for both and for the future. So that is great.

[NordicRanger]

Bitcoin is penetrating the gambling market and works with some gambling sites so you can use Bitcoin to play with. This was a good move from Bitcoins side because people are going to notice Bitcoin.

[Red-Apple]

I've made quite some posts and read even more threads. Which made me think about the combination of Bitcoin and Gambling.

Is it ok to gamble with bitcoin? Last year we've seen a lot of scams and 'hacks'. Fact is that most of them are either made up by the devs or done by scammers whom use bitcoin's anonimity.

Pro
Let's be honest, Gambling is fun, but Bitcoin it is also very easy?

Con
Look at some dice sites, cloud mining sites that ust dissapeared with consumers money.

Since it is about money I am interested in your opintion, Is the combination of gambling and Bitcoin good?

i love gambling with bitcoin, it is super easy and fast. plus i don't need to worry about my country rules which doesn't allow gambling with money because i am using bitcoin to gamble anonymously.
besides i can gamble with 1-1000 satoshi and the free faucet payment that i get from some of the gambling site that is good to play for free

[goldcoinminer]

The best way to gamble nowadays is by using bitcoin. It is very easy to gamble and it provide anonymity to bettors. This is a growing industry as evidently showing by the influx of new gambling sites.

[xuan87]

Bitcoin and gambling is a greatest combination, with the anonymity feature has in bitcoin the gambler dont need to provide any information to withdraw or deposit the money and the gambler can comfortably played the gamble that he likes in internet at home

[emberbekas]

Gambling with bitcoin is the greatest thing for gamblers all over the world. It provides an easy way to satisfy gamblers necessity. They can do deposit and withdraw his money easily without provide the data about themself. The lack of this kind of anonymity is if someone stole our bitcoin it is hard to trace who was the guy that already stole our coins. So, we have to be very carefull.

[jak1]

Gambling with bitcoin is the greatest thing for gamblers all over the world. It provides an easy way to satisfy gamblers necessity. They can do deposit and withdraw his money easily without provide the data about themself. The lack of this kind of anonymity is if someone stole our bitcoin it is hard to trace who was the guy that already stole our coins. So, we have to be very carefull.

Gambling Suits bitcoins and bitcoins suits Gambling.  You are anonymous while you gamble and no one will know who your are.
Thats the biggest-est reason why people gamble with bitcoins and avoid credit cards.

[hasiramasenju]

gambling and bitcoin i guess both are related also the great combinations because during a gambling people like anonymity and bitcoin can give that because people still do their hobbies gambling with anonymous although sometimes casinos online very susceptible to be scam and the risk more higher than tradisional gambling

[Arcteryx]

I prefer to use bitcoin to gamble as it doesn't seem like you are spending too much when you are in the thick of a game with high stakes because you are betting in portions of a bitcoin and usually not one whole bitcoin (BTC) at a time unless you are a high roller. 

[Herbert2020]

I've made quite some posts and read even more threads. Which made me think about the combination of Bitcoin and Gambling.

Is it ok to gamble with bitcoin? Last year we've seen a lot of scams and 'hacks'. Fact is that most of them are either made up by the devs or done by scammers whom use bitcoin's anonimity.

Pro
Let's be honest, Gambling is fun, but Bitcoin it is also very easy?

Con
Look at some dice sites, cloud mining sites that ust dissapeared with consumers money.

Since it is about money I am interested in your opintion, Is the combination of gambling and Bitcoin good?

gambling with bitcoin has a lot more pros than cons in my opinion.
and the con you mentioned here is not that much serious because it is the same way with fiat online businesses, they can run away too. scammers will find their way into everything.
and for bitcoin luckily there is enough old and reputable casinos that makes it easier to trust them and put your money in their site.

[BertMan]

No deposit fees/ withdrawal fees, and complete anonymity which is nice if you're betting from somewhere where it's illegal. 

[Piltover]

Indeed gambling with the bitcoin is very sweet because of many reason in my opinion its one of the best ways to gamble.
You can also see that a lot of users these days are using the bitcoin for gambling because its so easy and has a lot of advantages.

[DashCoinDark]

Bitcoin and gambling is a greatest combination, with the anonymity feature has in bitcoin the gambler dont need to provide any information to withdraw or deposit the money and the gambler can comfortably played the gamble that he likes in internet at home

Indeed is a perfect combination and as you can see you see that Bitcoin is also getting more used and acceptable so that is nice for gambling and for Bitcoin both.
If you are making Bitcoin more acceptable than Bitcoin will have also get a better future.

[PacePay]

Gambling and bitcoin both are two different things, bitcoin is a currency and is used for anything the same as other currencies, and gambling is just betting your money wealth no matter in what form is it.