A physical Bitcoin casino

[pereira4]

Has anyone considered this yet? A in-real-life Bitcoin casino with Bitcoin machines where you can scan QR codes on them and deposit your BTC on there and start playing. I think it would be pretty cool, no longer would have to deal with annoying coins which are always dirty and are pretty disgusting to touch specially while you are eating/drinking while you play. The machines would be able to do things normal machines can't do, and stealing funds from the casino would be next to impossible since there are no physical money to stuff, it's all digital and encrypted.

Who will be the first person to start a successful physical Bitcoin business?

[AmDD]

Ive had this same idea and an sort of surprised I havent seen a Bitcoin slot machine like this. (granted I hardly ever gamble so they be around). The machines Ive played on are almost all credit card style machines anyway, there is no physical coins to put in so switching to bitcoin should be simple.

[DaddyMonsi]

I's a good idea if Bitcoin transaction can be completed in a matter of seconds and if they will accept bet after 1 transaction. Imagine yourself sitting in front of a slot machine and you want to play so you pull out your smart phone to scan the QR code and then wait for 1 transaction, that's a big hassle right? Unless Casino accepts Bitcoin as payments for chips and token, i'll be happy to fall in line.

[pedrog]

I's a good idea if Bitcoin transaction can be completed in a matter of seconds and if they will accept bet after 1 transaction. Imagine yourself sitting in front of a slot machine and you want to play so you pull out your smart phone to scan the QR code and then wait for 1 transaction, that's a big hassle right? Unless Casino accepts Bitcoin as payments for chips and token, i'll be happy to fall in line.

One can end up waiting hours for one confirmation...

[katerniko1]

i had idea of that kind and it would be nice but it would be too hard and too big investment to make those machines..
regards.
-Katerniko1

[edmundduke]

Has anyone considered this yet? A in-real-life Bitcoin casino with Bitcoin machines where you can scan QR codes on them and deposit your BTC on there and start playing. I think it would be pretty cool, no longer would have to deal with annoying coins which are always dirty and are pretty disgusting to touch specially while you are eating/drinking while you play. The machines would be able to do things normal machines can't do, and stealing funds from the casino would be next to impossible since there are no physical money to stuff, it's all digital and encrypted.

Who will be the first person to start a successful physical Bitcoin business?

Theres certainly possibilities of it happening and it might happen at some point but not yet. They would need to use a system that doesnt need confirmations when you deposit and it would help if the deposit was "casino wide" so you would not need to deposit for every different game. Not sure how to achieve this in  way that makes sense, but someone will figure it out.

[Junko]

Cool idea, but it would probably in all likelihood have to be in a very Bitcoin-friendly country. For sure not in the U.S., at least not yet, not in the current climate. Although if an American Indian tribal nation were to offer a bitcoin option in their casinos it might have a better chance of happening as they can do whatever they want. Other than that, maybe some island nation somewhere nice.

[mtnsaa]

While this seems more like of a novelty idea, having a real life BTC casino just to advertise their online site can be an amazing and totally unique marketing campaign. It can act more as an informative stand to explain gamblers and common people about the virtues of Bitcoin. And who knows, maybe it eventually starts a revolution in the gambling world!

The machines would have to change though, they should be more like real life games instead or much more complex slots, what's the point of playing if it's all handled with your smartphone? You can even download an app "remote" to control the slots and games in a huge screen.

[ajrah]

Are physical casino's accept cards (prepaid/credit) for buying those chips? If yes, then this is existing already. There are prepaid cards out there that can be funded by Bitcoins.

[mtnsaa]

No, his idea would be getting rid of the chips altogether. You just deposit BTC into the casino's or machine's wallet directly and then you go play. It's a great idea in terms of advertising and marketing but for actual use it's more planning on terms of how it will all work. Same old real life casinos with boring slots won't cut it I think.

[Joel_Jantsen]

More problems might arise related to transactions and stuff.Moreover server down=Casino Shut until it recovers.Additional programming challenges integrating hardware and event triggering on conformations (which can take time who knows).

[DeathAngel]

I thought a casino in The Old Town, Vegas accepted bitcoin?

[Erkallys]

I think that the biggest problem would definitly be the regulation. The government could not like this idea, and could think that you could steal some money from the taxes.

[chennan]

I think that the biggest problem would definitly be the regulation. The government could not like this idea, and could think that you could steal some money from the taxes.

I mean, you've brought up a pretty good point here.  It will be one thing to find a place (probably would have to be in Las Vegas) to set up a casino and be able to fund it and employees... but it would be another thing to try and get that approved by the government.  Even at somewhere like Las Vegas, or any other city that approves gambling for that matter; you have to take into account that at this moment, the government won't be able to tax any of those winnings... which is a big "NO-NO" for them.  I mean hell, letting someone have fun and earn money without them taking a cut?? Yeah right.

So in order to get something like this approved, you would probably have to jump through hoops for a couple of years, just trying to get the Fed to hear you out, let alone trying to actually get it approved and having a license to open up shop.

[mobnepal]

I think that the biggest problem would definitly be the regulation. The government could not like this idea, and could think that you could steal some money from the taxes.

Yes governement will be biggest hurdle to pass through before those casino start accepting direct bitcoin deposit on their machine. However i think buying chips with bitcoin is allowed but they may ask your identity before getting depositing address. Here in Nepal local citizens are even not allowed to enter casinos so seeing this happend here is like dream or beyond imagination.

[dothebeats]

Was also thinking of what if this would be integrated? Physical bitcoins could be a nice way actually, instead of the traditional QR code scanner before you could play a game of slots.

[Erkallys]

Was also thinking of what if this would be integrated? Physical bitcoins could be a nice way actually, instead of the traditional QR code scanner before you could play a game of slots.

No I don't think that physical bitcoins is a good idea, except if you're paying in paper wallets. I don't hink this is a good idea because if you lose, you'll lose also the money worth of the value of the physical coin. Some of them are really expensive, worth more than 1BTC only for the coin.

[piebeyb]

if bitcoin in physical form what it would be like gold, it is difficult to imagine forms of physical bitcoin 

[marioantonini]

i have read in the past, in las vegas have different bitcoin atm (and if i remember good, mike tyson have already a btc atm), already in the physical casino. Why don't open direct a bitcoin slot machine or other?

[crairezx20]

I think its imposible because the transaction process needs to confirm before you start to play but if you use the bitcoin as to buy a bitcoin toket maybe
it will work. but i think in the near future the transaction process will much faster than now..