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Author Topic: Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based?  (Read 3831 times)
Sadlife
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October 03, 2019, 02:39:11 AM
 #121

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
Sure there will be a chance ,if all people older than ours learn how to use crypto or learn about crypto because other than us there are still people outside that plays using Fiats or monetary



What I’m assure of is 5-10 years from now what you’ve asked is what will happen because just like what you also said that transparency of cryptocurrency games is much better than traditional

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October 03, 2019, 02:57:11 AM
 #122

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

Yeah but in the longer future I guess every single online gambling site will be using cryptocurrency already. I cannot see the future of fiat. It has to drastically change if it wants to still be of relevance to the age. Perhaps they will perfectly fit to a digital age if they will convert themselves into a digital currency, which is apparently what is happening now, albeit very gradual.

Although for now majority of the world is still using fiat so it is not a puzzle if online gambling sites will always cater to the fiat currency. They must have a huge body of gamblers who are using fiat.

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October 03, 2019, 04:28:51 AM
 #123

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
For sure it will,where getting closer now to crypto connected gambling sites,in some gambling threads different games from all over the world are now starting to be acknowledged by gambling operators,the latest that I’ve read is a Cockfighting in which very popular to many countries from Asia to Europe or even in Africa and some part of America (though I think it’s illegal in USA)and of course impossible to Antarctica lol 😂

Generating gambling using all of cryptocurrency is more efficient than gambling in fiats









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October 03, 2019, 08:24:52 AM
 #124

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
For sure it will,where getting closer now to crypto connected gambling sites,in some gambling threads different games from all over the world are now starting to be acknowledged by gambling operators,the latest that I’ve read is a Cockfighting in which very popular to many countries from Asia to Europe or even in Africa and some part of America (though I think it’s illegal in USA)and of course impossible to Antarctica lol 😂

Generating gambling using all of cryptocurrency is more efficient than gambling in fiats

Can't be too sure about that dude. Even with the rise of online gambling, old school wagers are still pretty common. So there may come a time when crypto gambling is the most popular method, but it can't be the only one. Some people will still want to gamble either with properties, belongings and fiat. Gambling is a very big, diverse industry so you can'y have just one means for it.


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October 03, 2019, 09:49:17 AM
 #125

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.
Yes all the sites and the casino should accept both crypto and fiat as different areas has different development status but at the same time I would say now it is modern era where every country and city have internet access. People can enjoy online gambling now after few months using of crypto will be no issue systems are being so digital now.
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October 03, 2019, 10:10:49 AM
 #126

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

The number of gambling sites that offers cryptocurrency based transactions are indeed increasing and nowadays, I see a lot of gambling sites are also making their own coin that can be used exclusively on their business. In time, I can see that all online gambling sites would have integrated crypto. But still, there is still a need in fiat in some ways. So that, users can decide what they prefer.

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October 03, 2019, 10:45:11 AM
 #127


Will, there comes a time that all online gambling sites will be Cryptocurrency based?
No, fiat based ones would still exist no matter what because there would be always players who do prefer on playing fiat based rather than on considering crypto.
We know that there are people who dont totally trust on how crypto works and they dont really care at all and by means of security they do highly believe on what fiat-based online casinos have the edge.

Fiat based gambling sites will still exist but we can't really say that crypto based gambling sites will not exist in the future because cryptocurrency is becoming popular nowadays and who know someone will create a gambling site that is cryptocurrency based. Also, not all people prefer using fiat in gambling sites because it is complicated unlike when you use crypto it is more secure.
People don't trust crypto because they don't understand how it works and they only believe what they hear or see and not really knowing the benefits of using cryptocurrency in gambling sites. All gambling platforms or even casinos are all the same regardless if you use cryptocurrency or fiat.
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October 03, 2019, 01:14:23 PM
 #128

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.
Fiat wouldn't be removed from the sytem of our economy, much more on gambling and in order to make that possible with online gambling to be dedicated with cryptocurrency, people should learn to use it. Makit it as primary as medium of spending, government should implement both fiat and crypto exchange to be more compatible.

If fiat and cryptocurrency can be used together in gambling, I think that would be nice. People can choose whatever they want to bet, and if they don't want to lose fiat, then they can use crypto to playing gambling. That will give another experience to them since cryptocurrency is something new to them. And that will help the casino to gain more members to come to their places.



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October 03, 2019, 01:59:57 PM
 #129

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

It's possible maybe 5 years from now, gambling operator will find out how good Cryptocurrency is and they will integrate it to their system and it will become advantageous to operator and gamblers, it will only happen if these gambling sites that are based in Cryptocurrency will succeed and so far it's succeeding so we'll see, it happening five years from now.

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October 03, 2019, 02:25:14 PM
 #130


Only people without crypto knowledge will be using the fiat in online casinos because they have no reason to still use fiat when we got crypto.Most casino games available on crypto gambling sites,withdrawal and deposits made easy and further no one will ever notice who we are even if we won in millions.


Well that simply put things that people will continue to use Fiat currency in online gambling because cryptocurrency  cannot and will not monopolize the online gambling industry.  There will always be a country that will oppose cryptocurrency implementation especially in online gambling because government are too paranoid when it comes to money laundering.
Well obviously gambling sites are being abused by this money launderers so that’s the reason why Governments are getting paranoid(or better say they are exaggerating things)
A individual can use the sites to transfer the amounts to crypto and withdraw as if he was using mixing company,so the abusing is indeed
Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

It's possible maybe 5 years from now, gambling operator will find out how good Cryptocurrency is and they will integrate it to their system and it will become advantageous to operator and gamblers, it will only happen if these gambling sites that are based in Cryptocurrency will succeed and so far it's succeeding so we'll see, it happening five years from now.
If they can operate using VPN or being accessible then yeah 5 years is enough even government interfering yet they cannot stop the spreading of crypto gambling against fiat gambling online

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October 04, 2019, 08:09:50 PM
 #131

It's possible maybe 5 years from now, gambling operator will find out how good Cryptocurrency is and they will integrate it to their system and it will become advantageous to operator and gamblers, it will only happen if these gambling sites that are based in Cryptocurrency will succeed and so far it's succeeding so we'll see, it happening five years from now.
I think you are right, considering how highly loved and famous cryptocurrency is at the moment, we won't be speculating wrongly if we say fiat would be totally eradicated in few years which I believe 5 years is even a long time for this to take place. Cryptocurrency gambling is quite safer and also gives more profit especially when there is a bull run.

Even the casino owners are now are that gamblers are more interested in playing with crypto than fiat, so definitely in few years the owner of fiat gambling site would find a way to convert it to crypto site or even create new gambling sites to meet up to the needs of players. They have to follow the trend if they wish to make profit.

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October 04, 2019, 08:14:03 PM
 #132

Crypto is the best for gambling. No one willingly wants to do KYC to play gamble on the internet. So, if you choose fiat, you have to go through the KYC procedure. And honestly, every people love to stay anonymous on the internet, so, cryptocurrency is the real solution to make a gambler anonymous and safe. So, day by day all the gambling sites will be based on crypto, which will bring more volume on the crypto market!

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October 04, 2019, 08:56:28 PM
 #133

Crypto is the best for gambling. No one willingly wants to do KYC to play gamble on the internet. So, if you choose fiat, you have to go through the KYC procedure. And honestly, every people love to stay anonymous on the internet, so, cryptocurrency is the real solution to make a gambler anonymous and safe. So, day by day all the gambling sites will be based on crypto, which will bring more volume on the crypto market!
The gambling industry is one of the biggest contributor to the success of crypto market.
I still remember when I was new here, there's no ICO and IEO yet, and most of the activities are from HYIP and gambling sites, I even invested in gambling sites bankroll in the past and during that time, bitcoin and altcoins is a bit stable as they don't stay long in bear market.

Only when ICO came into popularity then it makes this market a big pump and dump scheme, but who am I to complain, in the first place I already know that its risky to risk money here and its unpredictability has been a norms already.

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October 04, 2019, 10:46:15 PM
 #134

Indeed anonymous is interesting for the online world and especially about gambling, but I'm not sure about all crypto-based online gambling sites because there are times for online gambling users to calculate fees for transactions such as deposits and withdrawals and some of gamblers have other views about it, they or fiat users say if online gambling crypto has a greater fee than fiat. With these different views, crypto cannot be used as a basis for online gambling.

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October 04, 2019, 10:51:28 PM
 #135

Crypto is the best for gambling. No one willingly wants to do KYC to play gamble on the internet. So, if you choose fiat, you have to go through the KYC procedure. And honestly, every people love to stay anonymous on the internet, so, cryptocurrency is the real solution to make a gambler anonymous and safe. So, day by day all the gambling sites will be based on crypto, which will bring more volume on the crypto market!
The gambling industry is one of the biggest contributor to the success of crypto market.
I still remember when I was new here, there's no ICO and IEO yet, and most of the activities are from HYIP and gambling sites, I even invested in gambling sites bankroll in the past and during that time, bitcoin and altcoins is a bit stable as they don't stay long in bear market.

Only when ICO came into popularity then it makes this market a big pump and dump scheme, but who am I to complain, in the first place I already know that its risky to risk money here and its unpredictability has been a norms already.
As I believe also, crypto gambling sites growing which means that crypto accumulation keeps moving and people may consider this finally a currency to use not just to be an investment. We are glad to see it huge development and hope others could appreciate more. But for it possible that they are strict in complying KYC by then and could be the way to minimize scamming activities.
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October 05, 2019, 07:36:48 AM
 #136

Crypto is the best for gambling. No one willingly wants to do KYC to play gamble on the internet. So, if you choose fiat, you have to go through the KYC procedure. And honestly, every people love to stay anonymous on the internet, so, cryptocurrency is the real solution to make a gambler anonymous and safe. So, day by day all the gambling sites will be based on crypto, which will bring more volume on the crypto market!
This is one reason why adoption of cryptocurrency around the world. There are many crypto gambling sites at this moment and I believe that it will increase year after year. There are many gamblers too who doesn't want to reveal themselves or their personal information so they prefer gambling online rather than going to casinos.

Crypto gambling sites will help the increase of adoption of cryptocurrencies.

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October 05, 2019, 07:52:34 AM
 #137

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
For me, no. Even how far crypto have reach, there are still people who prefer fiat over crypto. Some may give it a try but pretty sure some site will maintain that only fiat is allowed to used. I don't see anything wrong about it and we can't force someone to like crypto simply because it's their own preference. What's posssible is lot of crypto based gambing site will be created as time pass by because of how convenient and profitable it is.
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October 05, 2019, 03:27:44 PM
 #138

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.
There is a reason why many casinos accept several different currencies and that is because they want to capture as many people as they can, so it will be a mistake for traditional casinos to accept only cryptocurrencies even if bitcoin became the dominant form of money in the future, as long as there is still fiat around you can be sure they will accept it since they are not going to want to limit themselves to cryptocurrencies and lose customers just because they do not accept fiat.
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October 05, 2019, 03:39:36 PM
 #139

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
In time, all online casinos will integrate cryptocurrency in their business. Both fiat and crypto have their pros and cons so keeping both of them letting their customer decide will solve the problem. In my opinion, fiat and crypto can be used both by any industry depending on their customer and transaction with their suppliers.
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October 05, 2019, 07:20:47 PM
 #140

Possible though I'm not counting on it. As long as fiat is still around, there will be gambling sites that would accept them. Sure if gambling with crypto becomes mainstream then even previously-fiat only sites would accept them but I don't thing we can completely push fiat out of this industry.

There will always be people who would be willing to sacrifice something for convenience.
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