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Author Topic: Doesn't blockchain technology makes gambling easier?  (Read 263 times)
Idrisu
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February 01, 2019, 08:17:24 PM
 #1

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.

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February 01, 2019, 08:31:33 PM
Merited by TimeTeller (1)
 #2

As a developer i can say this is true,only few pros i can imagine right now:
*Gambling is a risky job cause of the laws.Blockchain is more anonymous and it helps for this.
*You must be a company to use most of payment methods.Cryptocurrencies remove this.
*it is not in controll of someone,so you feel more secure.
etc...
Internet is a anonymous place and it's payment methods also should be.So i think blockchain tech is a good thing.Not for just gambling in every hand.
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February 02, 2019, 05:48:08 AM
 #3

As a developer i can say this is true,only few pros i can imagine right now:
*Gambling is a risky job cause of the laws.Blockchain is more anonymous and it helps for this.
*You must be a company to use most of payment methods.Cryptocurrencies remove this.
*it is not in controll of someone,so you feel more secure.
etc...
Internet is a anonymous place and it's payment methods also should be.So i think blockchain tech is a good thing.Not for just gambling in every hand.
Ganbling is risky not just because of law but also people behind it. Not all gambling sites we thought that it's safe but the truth is that it's not safe at all that's why most gamblers find gambling sites and compare each to find the right gambling site to play, kill time or to gamble and also earn profit.

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February 02, 2019, 06:17:04 AM
 #4

It does. But I believe it makes gambling just too easy. Grin
So simple to send crypto funds to a gambling site as opposed to fiat. Credit card companies always try blocking your card.
Anonymity so they are not traced to a bank account or credit card making using it guilt free as it is only internet money. Wink
Also the value is seen as more nominal (of a price or amount of money very small; far below the real value or cost) then fiat currency when sending to a gambling site. So what you use now isnt going to be worth the same if not less. Thus making it easier to place a wager with 0.1462btc(preev rate at time of writing this) than slapping $500 down on the superbowl winner. Cause this 0.1462btc wont be worth $500 come sunday when the game is played and decided a winner. It could be worth more it could be worth less. But in the bettors mind he will say ah aleast it wasnt $500 if they lost their bet it was only internet money which I cant pay my rent with. Cheesy
See what I am saying? Embarrassed

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February 02, 2019, 06:23:18 AM
 #5

As a developer i can say this is true,only few pros i can imagine right now:
*Gambling is a risky job cause of the laws.Blockchain is more anonymous and it helps for this.
*You must be a company to use most of payment methods.Cryptocurrencies remove this.
*it is not in controll of someone,so you feel more secure.
etc...
Internet is a anonymous place and it's payment methods also should be.So i think blockchain tech is a good thing.Not for just gambling in every hand.

Very true. The benefits of gambling through cryptocurrencies related blockchain technology far outweighs any cons in this aspect.

So many cryptocurrency based gambling websites are already running successfully thanks to the anonymity aspect of the blockchain which is why I believe this is a boon for gamblers around the world.

The biggest con here is that this is a double edged sword where no one can help you if you are not paid your dues most likely.
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February 02, 2019, 07:49:08 AM
 #6

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.
You can tell that by the status of adoption, the fact that there is an increasing number of gambling sites operating in crypto, it explains to us that more demand coming from the gamblers also. This is not only easy for gamblers but the thing that really make it attractive is the transparency and only blockchain can deliver that.



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February 02, 2019, 08:06:23 AM
 #7

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.
I don't think it is going to change the concept of gambling at any level so implementing blockchain games into gambling sites may increase the playes but it is not going to make anything wasier of us.But better anonymous rate will make the people to place bets of huge amount.

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February 02, 2019, 08:12:56 AM
Merited by stomachgrowls (1)
 #8

You dont need a credit card, bank account or account verification to use a bitcoin casino. So it has definitely made things for the users to place bets and gamble hassle free. 

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February 02, 2019, 08:50:27 AM
 #9

Blockchain has already made deposits and withdrawals much easier. Unlike fiat which charges absurd fees, I pay a dollar or two just to withdraw.

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February 02, 2019, 09:14:04 AM
 #10

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.
I don't think it is going to change the concept of gambling at any level so implementing blockchain games into gambling sites may increase the playes but it is not going to make anything wasier of us.But better anonymous rate will make the people to place bets of huge amount.
I synonymous make many investors to come into the market it means it makes bounty easier than the offline way we have.  I will not underestimate the value of blockchain technology in speed,  transparent and decentralized which makes everything online easier for us.

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February 02, 2019, 09:31:58 AM
 #11

Blockchain has already made deposits and withdrawals much easier. Unlike fiat which charges absurd fees, I pay a dollar or two just to withdraw.
Indeed casino gambling is now more easier than before. In addition, blockchain technology is a decentralized technology were players or gamblers information are not available for the second and third party in case of the  tradition gambling settings.

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February 02, 2019, 09:36:29 AM
 #12

You dont need a credit card, bank account or account verification to use a bitcoin casino. So it has definitely made things for the users to place bets and gamble hassle free. 

Exactly just like what I have in my thoughts. Some people were too afraid to put their financial information in a place like gambling websites, with the help of blockchain it gives us option not to provide any of our informations to engage in such activities. But, of course we have to be careful on choosing the right website that could handle our assets away from any unauthorized access to our account.

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February 02, 2019, 09:42:41 AM
 #13

You dont need a credit card, bank account or account verification to use a bitcoin casino. So it has definitely made things for the users to place bets and gamble hassle free. 
Simple as that makes everything easier, gamblers can now quickly played without any hassle and delayed, its the development coming from blockchain
technology that change things in the right perspectives, more gambling house to adopt this more innovations will happen, both will benefits and make
everything easy and simple.



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February 02, 2019, 10:29:57 AM
 #14

~snip~
I think blockchain technology is making gambling easier! What are your thoughts concerning this.
Because of the cryptocurrency there are those people who did not have bank account, they can now gamble with their crypto. I would not look it from easy/hard angle I would say it's the option now to chose from.

Before who had access of bank account they can make a choice and those who did not have bank account they are now free to use their crypto to gamble.

Cheers :-)

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February 02, 2019, 10:38:40 AM
 #15

You dont need a credit card, bank account or account verification to use a bitcoin casino. So it has definitely made things for the users to place bets and gamble hassle free. 
On point!
We arent blind not to see on how the crypto gambling business booms up because of these reasons.

°no bank account needed
°easy accessibility
°not mandatory kyc compliance


Totally different on what we saw on fiat gambling.


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February 03, 2019, 06:24:13 PM
 #16

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.
This has been the case for almost 7 years or so. It is not a new thing that we just discovered, provably fair has been around for almost a decade now, its almost as old as bitcoin itself. Try to open a dice game without the provably fair option today, do you think anyone would want to play on a dice game that is not provably fair ? Would they just simply trust you the owner of the dice game and come play there? Not a single chance of that happening.

Bitcoin casinos do take their power from blockchain, provably fair made the games much more scam free and also the cryptocurrency part also made it easier to access than all other online casinos where you would need to deposit money from your own pocket which is definitely a bad option because of the laws around the world.



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February 03, 2019, 10:47:54 PM
 #17

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.

It really does make gambling easier with blockchain technology. I think one reason for this is all the value behind the decimal... so bet increments can be really small which allows a gamble to do more with their bank roll.

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February 04, 2019, 03:33:02 AM
 #18

Currently many gambling sites and company are developing blockchain base gambling sites and that brings many cryptocurrencies enthusiasts to develop interest in gambling.  I think blockchain technology is making gambling easier! What are your thoughts concerning this.

It really does make gambling easier with blockchain technology. I think one reason for this is all the value behind the decimal... so bet increments can be really small which allows a gamble to do more with their bank roll.
With blockchain, we are not seeing many gambling sites that allows us to gamble with small minimum.
Before, an ordinary gambler cannot just gamble online as it needs a credit card and some gambling sites requires a high minimum before you can start.
With blockchain gambling, things are easier and it's more fun to us, however the risk is also high because there can be sites that are scams since they can start with or without a license.



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jossiel
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February 04, 2019, 08:16:42 AM
 #19

You dont need a credit card, bank account or account verification to use a bitcoin casino. So it has definitely made things for the users to place bets and gamble hassle free. 
This was the reason why the crypto gambling industry has boomed within few years. And notice on how many players are being added to the community of online crypto gamblers.

Someone who's been a big gambler doesn't have to comply with such information and no one will ever know that he's a big time gambler. Thanks to blockchain and its adoption, if you just want to gamble with fewer amounts you're still in.

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February 05, 2019, 01:43:05 AM
 #20

Gambling lives in the society from a long period of time but after the improvement of cryptocurrency a lots of people will getting interested into this field and making their gambling more higher and the development of gambling is also increases more higher than the previous days so it will be definitely a good improvement of both cryptocurrencies and gambling.

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