A cryptocurrency entirely dedicated to GAMBLING?

[creeps]

I thought we have already have Bitcoin and alt coin for that

Practically the best post here. Lol.

My thoughts with this are that why would you have another currency. Chips like in the casinos are just 1:1 depending on the value per chip, so it's just a representation of your money on the table. I agree that Bitcoin somewhat serves that in the cryptocurrency casinos.

If there’s a new great services and benefits on a purely dedicated gambling coins, why not to use it right? But so far bitcoin is still great and some other big altcoins so by these its hard for a new coin to compete with them without having new innovations. Some gamblers also want to try those new coins in gambling because they value more their top coins.

[newbie0506]

I agree on what creeps said. Some gamblers also want to try those new coins in gambling because they don't want their top coins/tokens to be used in some sort of shady games.

[Janation]

I agree on what creeps said. Some gamblers also want to try those new coins in gambling because they don't want their top coins/tokens to be used in some sort of shady games.

It might be true but I don't think not all of them will be using them.

Some gamblers might use it, some might want to just test it make an experience out of it and continue using depends on what happened in their transaction and gambling experience. Also, if that will also be a thing, I do hope that a lot of gambling sites will be accepting that. Well, it should be, it is a gambling currency, gambling sites should be accepting it.

[imstillthebest]

I thought we have already have Bitcoin and alt coin for that

Practically the best post here. Lol.

My thoughts with this are that why would you have another currency. Chips like in the casinos are just 1:1 depending on the value per chip, so it's just a representation of your money on the table. I agree that Bitcoin somewhat serves that in the cryptocurrency casinos.

If there’s a new great services and benefits on a purely dedicated gambling coins, why not to use it right? But so far bitcoin is still great and some other big altcoins so by these its hard for a new coin to compete with them without having new innovations. Some gamblers also want to try those new coins in gambling because they value more their top coins.

There are casinos that have their own coins and there are also ico's that is powered by gambling casinos but even uf they are too many of them . many gambling sites still offer cryptocurrency . why ?  because crypto are more versatile . we can use them on many purpose and if we got tired of using them regularly , we can use them on gambling .

[sunsilk]

I agree on what creeps said. Some gamblers also want to try those new coins in gambling because they don't want their top coins/tokens to be used in some sort of shady games.

It is what most gamblers do, we're keeping the value of our bitcoin and other top coins for the sake of future while not sacrificing the fun that you can get with gambling you have to use some other coins that you don't value much.

But the thing here is that bitcoin was already enough for it. Though a lot of casino's accepts variety of altcoins but it's up on how you handle those coins and how much you'll gamble with it. And that means that every accepted coin can be used and dedicated to gambling.

[swogerino]

Bitcoin is the major daddy of gambling these last few years. As Satoshi said in whitepaper of bitcoin , well it is the meaning more than his exact words , I have created this currency against the tyranny of the banking system which is corrupt, since then gambling with bitcoin has only boomed, other alts followed but there is no more known currency for crypto gambling than bitcoin itself.

[crzy]

This is basically what we are doing at my project STARSVIPCLUB.com. I agree with the majority that using the big cryptos has more of a advantage and that using a token or a alt coin has been a difficult road that we have been on for a year.

Its hard for a new coin to be supported by many gamblers, its normal but don’t think negatively because if you focus to build good technlogy, you can earn the trust of many gamblers and also place on top together with the big gambling sites.

[eann014]

An idea came into my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Main currency/coin for gambling? BTC still a good coin for gambling for me, it is already a well-known coin for gambling and many users uses bitcoin as their main coin when playing gambling online, maybe in a casino, fiat is still the best because it has a stable amount and it is physical money that can be used also in casino. If there is a casino that is accepting bitcoin then why not? Still a good coin to gamble whether in casino or online as long as you know how to play your game.

[darewaller]

Theres no need to be exclusively a coin uses for gambling,because we can actually have a coin that can be functional in many aspects so i see no reason why this must be dedicated solely for gambling

I think we have to accept the fact that crypto currencies has make it easier for the people to play gambling online. There are too many advantages of online gambling, and I think that the most important is that we can visit a lot of online gambling sites at any time. I think that only important thing is to be careful while selecting a gambling site for playing gambling.

if you focus to build good technlogy, you can earn the trust of many gamblers and also place on top together with the big gambling sites.

This is the reality. We never need to debate whether we need a dedicated coin or not. But, let a new innovation decide it on its own. When there are gamblers finding enough reason to use a dedicated cryptocoin for their gambling, we cannot do anything about that. It will grow famous among crypto gambler community on its own ways.

[Fredomago]

This is basically what we are doing at my project STARSVIPCLUB.com. I agree with the majority that using the big cryptos has more of a advantage and that using a token or a alt coin has been a difficult road that we have been on for a year.

Its hard for a new coin to be supported by many gamblers, its normal but don’t think negatively because if you focus to build good technlogy, you can earn the trust of many gamblers and also place on top together with the big gambling sites.

Competition is already there, so if there's some sort of project that will be dedicated to this they need to focus on how gamblers will be attracted, bitcoin and some other cryptocurrency was already been introduced to much bigger audience in terms of gambling and online usage, for most gamblers they will continue using bitcoin as its really easy and convenient to use for playing gambling.

[xWolfx]

It might be true but I don't think not all of them will be using them.

Some gamblers might use it, some might want to just test it make an experience out of it and continue using depends on what happened in their transaction and gambling experience. Also, if that will also be a thing, I do hope that a lot of gambling sites will be accepting that. Well, it should be, it is a gambling currency, gambling sites should be accepting it.

Might be different reasons exactly could be just to support it, for example - or to try to get profits investing on it. Practically the same reasons why people invest in altcoins.

I would personally stay with Bitcoin but other currencies can also get users even if not too many right now due to the current state of the market. They should evaluate the amount of competition they will have also.

[posi]

I agree on what creeps said. Some gamblers also want to try those new coins in gambling because they don't want their top coins/tokens to be used in some sort of shady games.

It might be true but I don't think not all of them will be using them.

Some gamblers might use it, some might want to just test it make an experience out of it and continue using depends on what happened in their transaction and gambling experience. Also, if that will also be a thing, I do hope that a lot of gambling sites will be accepting that. Well, it should be, it is a gambling currency, gambling sites should be accepting it.

It will be nice if gambling site accept multiple coins but I dont see every gambling having a single coin which will be meant for all gambling site only because each gambling company have different opinion and if you ask me I dont see issuing of such coin as big deal because what every gamblers want is to win and be able to withdraw their winning instant with no issue.
Once they work fine there's no reason why a personal coin should be created for all gambling site.

[jrrsparkles]

It might be true but I don't think not all of them will be using them.

Some gamblers might use it, some might want to just test it make an experience out of it and continue using depends on what happened in their transaction and gambling experience. Also, if that will also be a thing, I do hope that a lot of gambling sites will be accepting that. Well, it should be, it is a gambling currency, gambling sites should be accepting it.

Might be different reasons exactly could be just to support it, for example - or to try to get profits investing on it. Practically the same reasons why people invest in altcoins.

I would personally stay with Bitcoin but other currencies can also get users even if not too many right now due to the current state of the market. They should evaluate the amount of competition they will have also.

There is no point of investing through gambling,if someone interested to play with altcoin then they should go for an exchange since in gambling the luck is going to decide the outcome.

[carlfebz2]

I agree on what creeps said. Some gamblers also want to try those new coins in gambling because they don't want their top coins/tokens to be used in some sort of shady games.

It might be true but I don't think not all of them will be using them.

Some gamblers might use it, some might want to just test it make an experience out of it and continue using depends on what happened in their transaction and gambling experience. Also, if that will also be a thing, I do hope that a lot of gambling sites will be accepting that. Well, it should be, it is a gambling currency, gambling sites should be accepting it.

It will be nice if gambling site accept multiple coins but I dont see every gambling having a single coin which will be meant for all gambling site only because each gambling company have different opinion and if you ask me I dont see issuing of such coin as big deal because what every gamblers want is to win and be able to withdraw their winning instant with no issue.
Once they work fine there's no reason why a personal coin should be created for all gambling site.

Have you seen those gambling coins out there in the market? Most of them failed since most people do still need or rely on whats being commonly used which is BTC,ETH and other top 10 coins in the market which do have significant value. Talking about crypto is entirely dedicated to gambling? I don't think so, since this is just been part and because of blockchain technology we have experience completely different
set-up we do experience compared to fiat gambling.

[tippytoes]

Maybe I don't really understand OP's question but haven't we already seen so many crypto and blockchain projects dedicated specifically for gambling? Augur is probably one of the most famous, it's all about prediction markets last I checked. And on this forum itself, several casinos have launched ICOs just to create a token that revolves around gambling. Bitdice has CSNO tokens that issues dividends as the casino makes profit. I believe Betking also launched their ICO for BKB tokens. Lots more if you look around.

That's right, many online casinos have their own currency, which are called either Play Money or something with a casino's name in it. In some cases they are exchangeable for other crypto currencies on the site and in other cases they are not, but it's not a new idea overall. Maybe OP meant something else though, so it would be interesting to see his/her reply to our comments.

His concept is not really new. There are crypto online casinos that have their own coin within the system already.  And at the end of the chain, a user want to exchange that coin to their fiat in order to use that in his everyday expenses. I never encountered yet a pure gambling coin used as a payment method.

[PeRo]

That wouldn't be such a good idea as it seems. Firstly, how would it have value? If the value would be pre-set on some sites, it wouldn't really be a cryptocurrency, it would be a token and I think those kind of tokens already exist, so it would be pointless. Maybe it isn't a bad idea for having a token, but that wouldn't be a currency, it would be just a token made for certain sites.

[mersal]

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Yes that was a good idea making a dedicated currency for gambling only will make the gambling field more easier and if a single currency was been used for gambling will develop the value of the Crypto very easily also so I think it is good idea for me.

[crwth]

I thought we have already have Bitcoin and alt coin for that

Practically the best post here. Lol.

My thoughts with this are that why would you have another currency. Chips like in the casinos are just 1:1 depending on the value per chip, so it's just a representation of your money on the table. I agree that Bitcoin somewhat serves that in the cryptocurrency casinos.

If there’s a new great services and benefits on a purely dedicated gambling coins, why not to use it right? But so far bitcoin is still great and some other big altcoins so by these its hard for a new coin to compete with them without having new innovations. Some gamblers also want to try those new coins in gambling because they value more their top coins.

I guess it depends on what type of gambling casino you are playing. I would like to use Bitcoin as the currency there and also the money that’s going to be played. I don’t want to convert my BTC to another coin, maybe it could turn in to lesser amount and lessening the value that I should’ve won. I guess gamblers also want easy money with that in a way and preventing the use of their BTC, if that’s what you mean.

[absy]

I guess what you are talking about is EOSjacks . I cannot provide you much details as I haven't used that much but its a token which you can earn by gambling alone , EOS coin , so give it a try .

[whirlcoin]

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

The possibility of making your opinion will not be very easy because this type of gambling will not be useful for the development of Crypto market so the single dedicated cryptocurrency for gambling not be a good idea for the development of gambling and also the Crypto field.