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Indamuck
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August 14, 2019, 06:57:11 PM |
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A lot of us are on the fence about this one, gambling can be a fun side activity if done in moderation but some people take it too far. Now this forum is crawling in gambling advertisements because they have one of the best business models. They are always profitable when they have enough customers.
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Jenkins33
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Activity: 194
Merit: 10
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August 14, 2019, 07:31:17 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Some people say that cryptocurrencies are used by drug dealers to make payments between themselves. Is cryptocurrency to blame? People themselves are free to make their choice. |
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ZEIIMAN
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August 14, 2019, 07:54:11 PM |
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What's the difference? What's wrong? if people are gambling, they will at least put stones on bets. It's a disease) And if you claim that 60 % of transactions are used for betting, what would happen if there were no bets?)
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FaucetKING
Sr. Member
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C U
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August 14, 2019, 08:17:00 PM |
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I don't think that betting or gambling as an activity could be a threat to cryptoworld as long as peoples win. Imagine that 1.000.000 gamblers invest 10 usd into a betting company using bitcoins/ethereum as a mean of deposit. Imagine that these 1m peoples lose their bets.. that would be 10M$ lost in Bitcoin/Ethereum. Now, imagine that this company has 10M$ worth in crypto, imagine that the same act gets on place in another companies and peoples keep losing funds.. the big companies will have lots of crypto and they will be the whales .. Crypto will never remain decentralised.
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firmino10
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Merit: 11
elysian.finance
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August 14, 2019, 08:25:44 PM |
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It does not portray crypto in a bad way and if you observe the crypto market very well you will notice that majority of betting projects tend to do well and that is because there is high demand and use cases for them.
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iyah adrian
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Activity: 574
Merit: 10
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August 14, 2019, 08:33:47 PM |
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Gambling in crypto is not a bad thing. It's just that one way to produce crypto in addition to investing or trading. So there is nothing wrong and nothing bad in gambling to produce more crypto.
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carter34
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Merit: 25
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August 14, 2019, 08:38:57 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
If the assumption is even correct, I don't see what is bad in that. The world is changing daily and people don't go offices before they live a good life these time. If gambling is one way that people make money, they won't burge to whatever form that because the medium. |
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salty
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August 14, 2019, 08:59:50 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
By and large, the category of people who bet with the help of cryptocurrencies will not react to the article you are talking about.And people far from cryptocurrencies will simply bypass this article as it does not affect them.In General, I can say that the figure of 60% is overstated.But even if this is the case, I'm still glad that the cryptocurrency has a demand (even in such a direction as gambling) |
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Belianez
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A nexgen decentralized ride hailing
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August 14, 2019, 10:33:32 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Yes, it's everyone's business what to do with the crypto currency , I do not see anything wrong with this , but somehow it is unlikely to affect the crypto currency , since it is created for anonymity to a greater extent. |
DRIFE ●●
█ NEXGEN DECENTRALIZED RIDE HAILING PLATFORM █
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chanler
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mulierum.com
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August 14, 2019, 11:37:50 PM |
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What makes you consider that crypto for betting is a bad thing?
Well, the crypto world is for all types of sectors, it depends on every coin that is used, for betting or other payment methods. In this case, we can see several cryptos only for betting. As long as it has better utility and worth, why not?
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adzino
Copper Member
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Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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August 14, 2019, 11:47:35 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
No it does not. You are just over thinking. Why would it portray crypto in a bad way? Why do people think gambling is a bad thing? It is not. It is just a form of entertainment (unless it becomes an addiction. Addiction to anything is always harmful). People gamble using fiat money. Does it portray fiat in a bad way? Are people concerned about it? Nope they are not. So let us also not be concerned about crypto being used in gambling. |
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joseyphil82
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August 15, 2019, 01:52:57 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
I dont see anything wrong if crypto is been used as means of payment for any gambling source infact its another form of usability that makes lot of sense,i remember when i start hunting for airdrops the tokens that pays me are gambling tokens and i was able to change to usd easily |
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Ulven
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August 15, 2019, 02:10:33 AM |
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If the article is true it is normal, Encryption created in order to provide and facilitate services, We cannot judge gambling service as illegal.
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TheClownSong
Sr. Member
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Merit: 251
solidtradebank.com | 5%-15% Welcome Bonus
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August 15, 2019, 04:20:50 AM |
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What makes you consider that crypto for betting is a bad thing?
Well, the crypto world is for all types of sectors, it depends on every coin that is used, for betting or other payment methods. In this case, we can see several cryptos only for betting. As long as it has better utility and worth, why not?
I agree that crypto is not just about betting but many business sectors are encroached on by cryptocurrency. Indeed many projects are targeting betting but that is not a bad thing because in some countries betting or gambling is legally legal. If you think betting is bad, choose a project that is not targeting betting because there are still many investment options in the cryptocurrency market |
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freedomgo
Legendary
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Activity: 3094
Merit: 1144
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August 15, 2019, 04:31:28 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
First, can you share that article with us? For me, it's not bad at all, gambling is not illegal and with the increasing demand from gamblers all over the world, that would help for the crypto industry to grow. That is not a problem at all, in fact, it's an opportunity not only for business operators but also for gamblers where gambling in their country is illegal since with crypto, one can gamble anonymously and he can enjoy with different platforms in the gambling world. |
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Reid
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August 15, 2019, 05:09:23 AM |
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It depends on the human being on how he will use his money and where.
Look, Casinos are being made legal and they are all over the world. It is like every country have a place to where they could spend their money with gambling it.
It have a good market. Hell, even the Lotto games are legalized by the government for them to make profit out of it.
It is just the same with crypto currencies for it is also money.
Too much thinking about that will just stress you. Just pick the right gambling site. You can click my signature if you want to try dicing.
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Japinat
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August 15, 2019, 05:54:08 AM |
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Betting or gambling is one of the reason why crypto is becoming more popular, based on personal experience, I can testify that I was here in the early times because of gambling and because of my love in gambling, it help me discovers a lot of money making opportunity and until now I am still gambling but not too aggressive like the past, I learn that gambling is better to be treated as a fun activity.
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Samboo
Member
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www.thegeomadao.com
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August 15, 2019, 06:18:16 AM |
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I also do not have any problem with it. Most of the coins in the market are used for nothing. In another words, they are not being used for what they are created for.
Some of coins have been used at least for betting. So far coins are being used for speculation or anything others.
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Bekuciwu9
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Activity: 140
Merit: 12
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August 15, 2019, 06:42:00 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Can you please share that article, because we don't know how relevant is that article and what kind of info they used. But even if it is true, i don't see any problem with it.More use for crypto, the better. |
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sjbi
Member
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www.thegeomadao.com
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August 15, 2019, 06:45:05 AM |
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I do not have any qualms about crypto being used for gambling. To be honest, cryptocurrency is a form of digital currency and its owners are free where to spend and use it until their usage affects and encourage illegal activities. As far as I know betting are allowed in many countries. So I do not have any problem with it.
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