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Author Topic: Are blockchain & 5G offering new opportunities for online bitcoin casinos?  (Read 250 times)
noorman0
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April 23, 2020, 04:59:05 AM
 #21

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.

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April 23, 2020, 06:51:12 AM
 #22

I doubt 5G would give some kind of a boost to online casinos since others mentioned above that it's not available to everyone yet and only covers limited devices. The speed increase is good overall but I think it'll depend on the games you play since there are games that requires a smooth connection with very little downtime(live games).

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.
You mean better latency, while that's true for 5G those delays and slow response times can't be avoided since it's still a wireless connection. Gambling on wired is still the way to go if stability is the issue.

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April 23, 2020, 08:15:54 AM
 #23

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.

Well, speed is mainly for the consumer on the client side,,, no matter how fast the server side is, client's side is the one downloading info (upload is usually less of a problem as it's the downloading that is fetching all the data).

5G is all about speed, I do not think it makes decentralized easier.

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April 23, 2020, 09:20:30 AM
 #24

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.
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April 23, 2020, 09:46:14 AM
 #25

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.

5G related to covid ? i guess no because 5G were already announce before   . it was normal that people will expect 5G network after 4G have been released  , same as when 3G released people also predict that 4G will come and it did come in the future   but i agree that 5G can help us to play more stabely because online casinos are also laggy especially if they are huge  .  blockchain technology is also a new technilogy that can be perfect to be implented on crypto gambling to make things more transparent   .
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April 23, 2020, 09:48:30 AM
 #26

Might work and could really benefit casinos if 5G is already secured as a technology but we still have reported that 5G could be dangerous to everyone.

Some articles might be fake but this might be theories from different people, I won't complain about 5G if the study of 5G is completed that it is not affecting humans on the other hand we are all going to benefit in 5G technology.

It's hard to find complete facts about the danger aspect, esp in regards to radiation. Lots of contradictory opinions on the matter.
There are indirect dangers that will most likely occur though. Things like AI, autonomous stuff, driverless vehicles could be used wrongly/immorally... whether in the secret, illegally,  open or legally.
Just hope people create what they can control.

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April 24, 2020, 11:56:33 AM
 #27

I think many might be missing the main point of acquiring 5g which is accessibility to connection in  parts of the world, where currently connectivity is not a topic...at all
This should be seen as great advantage for casinos: new markets - equal new players, no?Smiley

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April 24, 2020, 12:24:56 PM
 #28

I think many might be missing the main point of acquiring 5g which is accessibility to connection in  parts of the world, where currently connectivity is not a topic...at all
This should be seen as great advantage for casinos: new markets - equal new players, no?Smiley

Agree, one of the points of 5G infrastructure is to bring connection also to the population known as "unbanked" population. This is currently almost 2billion of people, this is definitely going to open many new doors for the online casino market.  Of course, it will take some time, few years if not whole decade to connect whole world via 5G. Also on the other hand, these potentially new clients for the online casinos will be also the most vulnerable, therefore regulators should be aware of the risks in advance.
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April 24, 2020, 05:52:08 PM
 #29

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.

5G related to covid ? i guess no because 5G were already announce before   . it was normal that people will expect 5G network after 4G have been released  , same as when 3G released people also predict that 4G will come and it did come in the future   but i agree that 5G can help us to play more stabely because online casinos are also laggy especially if they are huge  .  blockchain technology is also a new technilogy that can be perfect to be implented on crypto gambling to make things more transparent   .

Someone on youtube said it's classified as fake news because it's not true. He debunked all that and 5G phone has less radiation than what we have right now. 5G makes dapps faster to load and so of course 5G can help bitcoin casinos as well. Anything that make the internet faster means good.




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April 24, 2020, 09:57:03 PM
 #30

Blockchain technology has impressed global companies with its solutions that enable various industries to improve and evolve. From banking to healthcare, blockchain reshapes the landscape of almost all sectors. Not to mantion its big impact for the online gaming and iGaming.

Blockchain also made waves in the years. This year, it is considered to be the 5G technology’s turn. And when these two technologies combine, which will happen anytime soon, the Bitcoin casino market will be in for a surprise: faster crypto payments, more effective use of smart contracts - meaning casino games will load much much faster.

What do you think? Any other benefits/ worries/ challenges you could think of?
In a network the highest speed reachable is always the one of the slowest component.
Here the speed of the transactions on the blockchain is the bottleneck, so even if you have a higher connection speed, you won't notice any change ultimately since your transactions will still be as slow as they are now on the blockchain.

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