Will this boost Bitcoin?

[UNsTephenk]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

[OmegaStarScream]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

[socks435]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Yeah right its not only from gambling why bitcoin is growing i think bitcoins is growing because more and more site and company are accepting bitcoin .. they are boosting bitcoin because the transaction  and fees are very compare to other like perfect money and paypal or other online payment processor.. and much more.

[bitbunnny]

No, that will not boost the Bitcoin. Maybe the gamblers will make that happy but it will not influence on Bitcoin status, the price or anything else. But it would be good not to connect Botcoin only as a currency appropriate for gambling.

[Kprawn]

I think it will... If it is seen as some sort of currency, it can be regulated accordingly and this makes it easier for merchants to accept it. Most of these merchants do not want to accept Bitcoin, because

it sees it as a commodity and not a currency. A clearly defined technology, will improve regulation and governments will not be able to ignore it. I have spoken with many CEO's of some of these

companies, and they are all confused about Bitcoin's application. 

[amacar2]

This may help bitcoin to reach more casino owners as well as local merchants in UK because this may clear their doubt about whether bitcoin just like virtual assets only or it in real have some monetary value. But hoping for a high pump on market is not expected with only this types of news.

[LordCoder]

It might only benefit casino owners, they're the only ones making big cash. If people purchase Bitcoins is to gamble with ease, and therefore becoming addictive sooner or later. A big no from my point of view.

[Tacalt]

No, that will not boost the Bitcoin. Maybe the gamblers will make that happy but it will not influence on Bitcoin status, the price or anything else. But it would be good not to connect Botcoin only as a currency appropriate for gambling.

Not sure why it would make them happy? Viewing Bitcoin the same as fiat means the same laws now apply to Bitcoin which fucks over Bitcoin casinos meaning they now have to start telling people in said countries to fuck off. This is why most Bitcoin casinos are forced to jump through weird hoops and register in shady locations like Panama, Costa Rica, Isle of Man, etc.

If anything this is bad for Bitcoin lol

[richardsNY]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

[electronicfactura]

I have same opinion that this will be helpful for gambling industry and we may see use of Bitcoin with one step further being accepted in land casinos as well. Bitcoin needs more support by real life institutions than one odd industry then we will see it boosting. I am happy with current price all we need now to see more adoption and acceptance at wider level.

[XCASH]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

Seriously addicted gamblers lose everything, but most of them only gamble a small amount each week. Casinos using Bitcoins would bring new people into the Bitcoin community, and most of them wouldn't lose all their coins with gambling. Most gamblers lose, or the casinos wouldn't survive, but most gamblers only lose a small amount and keep gambling.

[20kevin20]

I believe buying and selling BTC is the only way we can change the price. Right now, Bitcoin is working exactly like other currencies are. Gambling will change nothing.

[coinoclock]

maybe, but would i be good to associate btc with gambling? better than crime but still :/

[XCASH]

maybe, but would i be good to associate btc with gambling? better than crime but still :/

All money is associated with gambling. Modern things like credit/debit cards have been associated with online gambling for years, and it hasn't hurt their image. If credit/debit cards don't get blamed for getting people hooked on online gambling, then why should Bitcoin get blamed?

[richardsNY]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

Seriously addicted gamblers lose everything, but most of them only gamble a small amount each week. Casinos using Bitcoins would bring new people into the Bitcoin community, and most of them wouldn't lose all their coins with gambling. Most gamblers lose, or the casinos wouldn't survive, but most gamblers only lose a small amount and keep gambling.

If you as an occasional gambler with only small amounts can keep this up without going down deep with large bets, then the losses you experience will stay small. It however requires a good amount of mental strength in order to not turn into a gambling addict. Not many people have enough self control to stop when they are losing.

[Velkro]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

Thats very good stuff, if it matters for current price? Im not sure, but its very good for bitcoin in the end
Adoption continues...

[zend7]

Its a very good sign for bitcoin, its being acknowledged from a really well known entity and this can only do good to bitcoin. Bitcoin has done a lot to help spread gambling by removing physical and psychical obstacles and giving everyone a chance to play without them revealing anything from their personal details. That's why bitcoin gambling is exploding with more and more bets wagered day after day. I don't think that this news will boost bitcoin at least for the moment.

[Yakamoto]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

It's going to make it much easier for the government to regulate it, now that it has a classification. I personally don't think that it's going to give Bitcoin a boost in internetional markets since this is basically exclusive to the UK, however there are definitely some good things that can come out of this. UK Bitcoin gambling is probably going to start getting regulated though, so that might have an affect with the local value. It could definitely be a step in the right direction however.

[Tacalt]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

It's going to make it much easier for the government to regulate it, now that it has a classification. I personally don't think that it's going to give Bitcoin a boost in internetional markets since this is basically exclusive to the UK, however there are definitely some good things that can come out of this. UK Bitcoin gambling is probably going to start getting regulated though, so that might have an affect with the local value. It could definitely be a step in the right direction however.

How is KYC/AML a step in the right direction for software that's intended to help you remain anonymous? Even SEC compliant exchanges are guilty of this.

[XCASH]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

It's going to make it much easier for the government to regulate it, now that it has a classification. I personally don't think that it's going to give Bitcoin a boost in internetional markets since this is basically exclusive to the UK, however there are definitely some good things that can come out of this. UK Bitcoin gambling is probably going to start getting regulated though, so that might have an affect with the local value. It could definitely be a step in the right direction however.

I agree it won't make much difference to the world's Bitcoin market, as the UK is leaving the EU. Any Bitcoin regulation introduced in the UK won't be introduced in Europe. It would affect the world Bitcoin market if the whole of Europe was regulating it, as Europe is huge.