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Author Topic: Is Block Chain going to be the only option for the Gaming industry ?  (Read 574 times)
sunsilk
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March 25, 2019, 09:27:50 PM
 #41

Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.
It's already applied to some online crypto casino's and if you will hear out 'crypto casino' there will be a thinking that it's built through blockchain. I'm not against that blockchain will be used in every aspect of our lives.

But yeah, it's different and data inside the blockchain network can't be changed so it's really going to help who will adopt it. Abusers can easily caught out if the technology they run is blockchain. More improvements will be done and it's just getting better.

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March 25, 2019, 10:53:42 PM
 #42

Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.
It's already applied to some online crypto casino's and if you will hear out 'crypto casino' there will be a thinking that it's built through blockchain. I'm not against that blockchain will be used in every aspect of our lives.

But yeah, it's different and data inside the blockchain network can't be changed so it's really going to help who will adopt it. Abusers can easily caught out if the technology they run is blockchain. More improvements will be done and it's just getting better.


Integration of blockchain technology in the gambling industry might really help in fighting the rigged systems that are common in casinos. This will ensure higher chances of winning from the gamers' side. And with this enhancement of the gambling system, non gamblers might be attracted to try this industry. Thus, increasing the number of users and so the gambling industry will be a hit. Time will tell how far we are now in achieving this kind of environment in the gambling world. There are already few projects offering the utilization of blockchain technology in their betting platforms. We will know how efficient this system would be.
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March 25, 2019, 11:09:32 PM
 #43

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

I never thought about it this way - I always thought that blockchain and cryptocurrencies are just a supplement to gambling sites thanks to the possibility of easy (anonymous) transfer of currencies. But the entire casino (maybe not a casino but a table for poker) as a smart contract - in fact it's possible in the near future. And I totally agree that it could significantly reduce the scams we face today ...

Or maybe there are such casinos today? Has anyone heard of this?

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March 26, 2019, 05:06:46 PM
 #44

Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.

Right now, I admitted that blockchain still the best option for gambling gaming industries but if in the future, there is a new technology besides of blockchain and that technology offers the better technology than blockchain then the position will be change. Or maybe there will be a new technology which will be used for gambling industries but still have relation with the blockchain itself.

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March 26, 2019, 07:20:43 PM
 #45

Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.

Right now, I admitted that blockchain still the best option for gambling gaming industries but if in the future, there is a new technology besides of blockchain and that technology offers the better technology than blockchain then the position will be change. Or maybe there will be a new technology which will be used for gambling industries but still have relation with the blockchain itself.
At present blockchain is making a big change everywhere with its efficient functioning over the traditional system. Gambling industry at present hasn't adopted the blockchain technology completely, because very few gambling websites have begun to make the the entire function on the blockchain platform. Some top blockchain platforms have come forward to start their own gaming and gambling access through blockchain.

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sunsilk
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March 26, 2019, 11:00:29 PM
 #46

Integration of blockchain technology in the gambling industry might really help in fighting the rigged systems that are common in casinos. This will ensure higher chances of winning from the gamers' side. And with this enhancement of the gambling system, non gamblers might be attracted to try this industry. Thus, increasing the number of users and so the gambling industry will be a hit. Time will tell how far we are now in achieving this kind of environment in the gambling world. There are already few projects offering the utilization of blockchain technology in their betting platforms. We will know how efficient this system would be.
I don't think that the chances of winning for gamblers will increase just because of this. Integration with blockchain can make the gambling experience more secure as it will show transparency for all.

But I don't see that it will add some chance of winning for most gamblers.

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March 27, 2019, 03:37:37 AM
 #47

There's already many provably fair smart contract-based casinos out there on blockchains like Ethereum's and TRON's, but that really does not mean much if you don't happen to go through the code and verify things are as they should be. I suspect very few people take the time to do this. A lot of those casinos also make it pretty difficult to view the actual smart contracts as well, disappointingly. There's definitely potential in smart contract casinos, but more centralized ones will likely stay on top for a while more. 
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March 27, 2019, 07:30:18 AM
 #48

Gambling industry successfully implemented the blockchain technology but it can be implemented anywhere so there needs to be someone who need to beleive on bloackchain and the real life usage on their industry.
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March 28, 2019, 07:41:15 PM
 #49

There's already many provably fair smart contract-based casinos out there on blockchains like Ethereum's and TRON's, but that really does not mean much if you don't happen to go through the code and verify things are as they should be. I suspect very few people take the time to do this. A lot of those casinos also make it pretty difficult to view the actual smart contracts as well, disappointingly. There's definitely potential in smart contract casinos, but more centralized ones will likely stay on top for a while more. 
Well that is not the case. Regardless of how many casinos start operating using the Eth blockchain, there would still be casinos that would work in the traditional channel and people would enjoy it. In countries like China, where there is no good signs for cryptocurrency to thrive, traditional casinos in places like Macao would still enjoy the monopoly and would work in their usual way.

At the same time, for online gamblers, there are other lots of developments are going on which are finding big success when adopting provably fair and blockchain based smart contracts for verification purposes. Still, blockchain cannot dominate 100% as per OP is foreseeing only option, that may not happen for ever Roll Eyes.
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March 28, 2019, 08:14:07 PM
 #50

It definitely will not.  Centralized gaming platforms will still exist for taxes and regulations in some cases. The centralized gaming platforms could  take advantage of blockchain cryptocurrency and smart contract while still remaining centralized.
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March 29, 2019, 03:09:07 AM
 #51

I don't think blockchain gaming will be the only option to finally end scams in the gambling industry.

There will always be people who will prefer gambling with fiat money. Unless fiat money turns decentralized, blockchain gaming will just be among the options (though this really is the better option).

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March 29, 2019, 06:03:21 AM
 #52

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?
Yes gambling online is increasing but I dont think those have casinos will close their casinos because they are already established and they are already known with that casino, they just need to add their own site for gambling for those who wanted to play online but I don't think that physical gambling places will be gone soon.
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