Will this boost Bitcoin?

[Pursuer]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

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

well, it is not exactly a good publicity but it is a lot better than them calling bitcoin criminals money. so I guess it can have some effect on bitcoin's adoption in the future.
especially since the online gambling has been growing a lot in the past and bitcoin with online gambling has been growing a lot faster.

but I hope I can see more news about bitcoin in other areas that count like our day to day purchasing of groceries and stuff like that .

[Golftech]

this would be an additional advertisement for more people awareness as we knew that online gambling got easier because of bitcoin transaction
i think that publicity will attract more people to use bitcoin and hopefully it will be use in general not only for gambling or for some bad things
that can be done over the web.

[danherbias07]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

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

well, it is not exactly a good publicity but it is a lot better than them calling bitcoin criminals money. so I guess it can have some effect on bitcoin's adoption in the future.
especially since the online gambling has been growing a lot in the past and bitcoin with online gambling has been growing a lot faster.

but I hope I can see more news about bitcoin in other areas that count like our day to day purchasing of groceries and stuff like that .

It is like more stories are connected to the gambling area. Why? Because it is the perfect one for them not to be known. It is easy also, just exchane your dollar into bitcoin and you can start playing. I remember a friend where he went to an other country to work
 He loves playing poker so he tried it online. It is legal in this country as long as you are holding one of their ATM but when he got back to his own country he cant play anymore due to restrictions. This is why bitcoin is way more used than any other. There are some that restricts it if you dont use their items. But in bitcoin there is none.

[Barbut]

I don`t think this will boost bitcoin price like OP thinks it will. This is positive news, and I agree with most people here that this will be a good thing for bitcoin. When ever some government announce that bitcoin is good for investing and using, people from that country will have more trust in blockchain.
On long run this is very good, I hope that today its gambling, tomorrow can be shopping, and after that travel agencies. One day everyone will use bitcoin, and this kind of support from governments will be very good for bitcoins.

[Kprawn]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

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

well, it is not exactly a good publicity but it is a lot better than them calling bitcoin criminals money. so I guess it can have some effect on bitcoin's adoption in the future.
especially since the online gambling has been growing a lot in the past and bitcoin with online gambling has been growing a lot faster.

but I hope I can see more news about bitcoin in other areas that count like our day to day purchasing of groceries and stuff like that .

It is like more stories are connected to the gambling area. Why? Because it is the perfect one for them not to be known. It is easy also, just exchane your dollar into bitcoin and you can start playing. I remember a friend where he went to an other country to work
 He loves playing poker so he tried it online. It is legal in this country as long as you are holding one of their ATM but when he got back to his own country he cant play anymore due to restrictions. This is why bitcoin is way more used than any other. There are some that restricts it if you dont use their items. But in bitcoin there is none.

This do not change with Bitcoin, those same countries where this is banned, would also stop people from converting BTC into fiat.. if they can determine the origin of those coins. I know Coinbase have

ToS against this kind of thing to prevent possible money laundering through Bitcoin casinos. If you still want to continue gambling you would have to do this through anonymous proxies and also make

use of mixer services to hide the origin of the coins.  

[john2231]

this would be an additional advertisement for more people awareness as we knew that online gambling got easier because of bitcoin transaction
i think that publicity will attract more people to use bitcoin and hopefully it will be use in general not only for gambling or for some bad things
that can be done over the web.

If they publicity the gambling it can be restricted the bitcoin to use because it is use for gambling so i think it will not help to boost bitcoin..
Instead it can be negative effect instead of to be popular and more people will attract to use it it will see it by government and ban it in some countries..

[X-ray]

i agree that a large portion of the transactions are from the gambling sites but most of it is spam too and the amount of those transactions is not that big either so you can't really make a conclusion based on lots of small transactions that these casinos make.

most of casino doesn't spam,the ones that spamming the blockchain is a gambling site that synced with blockchain API for every transaction
but i'm still wondering whether if this spamming still keep up,whether it's gonna affect the entire blockchain?

[Sharma]

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.

Agree in toto with this comment.Gambling and other such activities giving bitcoin a bad name.There are lots of people who have lost their money in gambling

[lewis.jr]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

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

well, it is not exactly a good publicity but it is a lot better than them calling bitcoin criminals money. so I guess it can have some effect on bitcoin's adoption in the future.
especially since the online gambling has been growing a lot in the past and bitcoin with online gambling has been growing a lot faster.

but I hope I can see more news about bitcoin in other areas that count like our day to day purchasing of groceries and stuff like that .

agree 100%

[mountainbit]

I think it is very possible. We will see in the coming days how much of an effect this has on the economy of bitcoin. For all we know this could raise the price and make people more interested in bitcoin.

[airsounds]

I think it is very possible. We will see in the coming days how much of an effect this has on the economy of bitcoin. For all we know this could raise the price and make people more interested in bitcoin.

of course it is going to make bitcoin bigger, uk is a huge country with a lot of people in it and because of that more people get to know bitcoins

[maydna]

i think this news will make people know bitcoin as a coins for playing gambling and not for the business and for me it is a wrong way. is like MLM program that using bitcoin as payment, and after work for a while, that MLM will going to scam people and people blame bitcoin for scamming them, but actually the MLM already scamming people and not bitcoin itself.

[coindancer]

I think it is very possible. We will see in the coming days how much of an effect this has on the economy of bitcoin. For all we know this could raise the price and make people more interested in bitcoin.

of course it is going to make bitcoin bigger, uk is a huge country with a lot of people in it and because of that more people get to know bitcoins

this news is not that new, so the effect on bitcoin was so far not noticeable. i don't see why this should make a big difference. yes uk is big but i'll put this as a maybe on the long run down.

[johnnyyash]

Gambling will change nothing but a waste... Buying and selling is cool...and benefit, by boosting btc...

[Piladeer]

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.

Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.
If you think about it about 50% of bitcoin use is in the gambling sector.

[MingLee]

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.

Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.
If you think about it about 50% of bitcoin use is in the gambling sector.

It's not surprising and it shouldn't be a surprise to most people that Bitcoin is used a lot in gambling, especially when you consider that it is relatively untraceable if you take the right steps and there isn't any income to be taxed on from gambling winnings. Bitcoin also deposits/withdraws far easier than most fiat casinos, so that's a big thing for some companies as well.

[marleybobthedog]

I think gambling organiser only earn from their algorithm. I have never won a single bitcoin also so it's a  Good source of earning. Upto my knowledge I would say that gambling would only benefit its organiser and not the participants many out  1 or 2 out of 100 could make way to make the profit so finally they could earn, I mean organiser.

[BitLinkInvestments]

For the value of Bitcoin to be affected new business's with original ideas must develop.  These business also need to be supported by the bitcoin community so they can succeed.  I do not believe yet another gambling idea will affect the price of BTC very much.

[Piladeer]

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.

Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.
If you think about it about 50% of bitcoin use is in the gambling sector.

It's not surprising and it shouldn't be a surprise to most people that Bitcoin is used a lot in gambling, especially when you consider that it is relatively untraceable if you take the right steps and there isn't any income to be taxed on from gambling winnings. Bitcoin also deposits/withdraws far easier than most fiat casinos, so that's a big thing for some companies as well.

Well this is what makes it so attractive to gamblers it being untraceable ...
well relatively speaking.

[Junko]

People may have differing opinions on whether betcoin being associated with gambling is good or bad, but one thing is for certain, and that is that gambling is a significant market in the UK.

http://www.gamblingcommission.gov.uk/Press/2016/Gambling-statistics-paint-picture-of-gambling-in-Great-Britain.aspx

What I've always found curious is that of all the things the UK government taxes, one thing they don't tax is gambling winnings. I assume bitcoins won from gambling won't be taxed either.