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Author Topic: Cryptocurrency Online Casinos  (Read 547 times)
Ridcan
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November 04, 2020, 02:27:00 PM
 #21

I did not know much about this.  I read what is written carefully.  Gambling always carries risks.  Be careful when gambling, online or not
Darkelf11
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November 04, 2020, 02:32:27 PM
 #22

I don't trust the casino. And if we are talking about a crypto casino, these are double risks.
There are casinos that you shouldn't really trust but if the reputation of the casino you're talking is great, there's no need to worry about.

All casinos are associated with risks even if the trusted one. There are different kind of risks and the thing you are talking about the casinos whom we should not trust is the one who has many issues already and sometimes most of these casino does not have a concern with their players.

They say that it is better but I think most online casinos can be rigged no matter how many system you are going to introduce to the players/customers. Greed will fleet the heart of someone behind the system and for sure they will try to cheat it. The good thing about crypto is people behind the system are sensible and are not blinded by greed, they earn enough with all this players losing more than winning anything.
Actually the thing here is that Cryptocurrency online casinos are unique and fair but in the case that you are saying about the greed, all people out there has the greed to earn more and more because we are humans and the greed is also in our blood. The thing is that we can't say that the people behind the system of the cryptocurrency is not greed because, first of all we don't know them and by just the fact that they are in the cryptocurrency all of us here is greedy to earn money.

It seems like the word 'greed' is too much for those who just want to earn some money. We can't just labeled someone greedy just because he wants to earn. Wanting to earn money is normal, it becomes greed when you can't control yourself from it and you no longer care if someone get hurt.
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November 04, 2020, 02:55:08 PM
 #23

I do not believe that you can win in a casino, and even more so in a crypto casino.

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November 04, 2020, 03:52:07 PM
 #24

Wondering what you guys think about cryptocurrency casinos operating via the blockchain?

I know gambling is one of those topics some want to avoid, however as crypto is so volatile is anyone getting into it somehow gambling already?
Most cryptocurrency casinos are claiming to be running on the Provably Fair system, seeds are confirmed by you, unlike standard casinos which are confirmed in the back end and can therefore be rigged!

Other Casinos such as trustdice are offering free TXT tokens each time you play, others are now accepting debit and credit card payments to buy tokens directly without the need to head to coinbase, register, deposit, and send etc

What are your thoughts around this?

I don't think this is really a topic people want to avoid, or should avoid. Gambling isn't a big deal, it's like smoking weed these days ( if you think either should be illegal you're uneducated on the truths ).  Personally I don't trust games of chance online, with any casino, blockchain based or not.  I only use online casinos for games of skill, as I am definitely worried about the legitimacy.

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November 06, 2020, 11:45:09 AM
 #25

Most cryptocurrency casinos are claiming to be running on the Provably Fair system, seeds are confirmed by you, unlike standard casinos which are confirmed in the back end and can therefore be rigged!
They are claiming to be running Provably Fair System but you’re not sure what they are telling you whether it is true or not, you only know what they want you to know because you don’t work there, you don’t know what’s being done behind. So, nobody can tell you for sure here whether what those crypto casinos are saying is true or not.

The thing is if you’re lucky and you play and win, then take your win, if you play and lose, that’s the loss for you. But left for me, I would say that there is no difference between the casinos offline and the ones you have on blockchain.
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November 06, 2020, 09:20:27 PM
 #26

I do not recomand gambling on crypto casinos because the games algorithmes are rigged especially dice if you want to gamble its best to use live casinos and play poker or some other card games its safer or you can use sports bettings if you are fan of a specific sport.
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November 06, 2020, 09:54:21 PM
 #27

Wondering what you guys think about cryptocurrency casinos operating via the blockchain?

I know gambling is one of those topics some want to avoid, however as crypto is so volatile is anyone getting into it somehow gambling already?
Most cryptocurrency casinos are claiming to be running on the Provably Fair system, seeds are confirmed by you, unlike standard casinos which are confirmed in the back end and can therefore be rigged!

Other Casinos such as trustdice are offering free TXT tokens each time you play, others are now accepting debit and credit card payments to buy tokens directly without the need to head to coinbase, register, deposit, and send etc

What are your thoughts around this?

If you think about it, it is really difficult to trust a gambling website, maybe they could easily mess up the code of the system or something.

But one thing is for sure where playing into gambling websites is always risky sometimes you win and sometimes you lose, Scam gambling websites is not gonna survive if there is no users winning.

Also, I think adapting to cryptocurrency is a good thing for gambling casinos, the difference is just huge from a physical casino in my opinion.

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November 07, 2020, 04:13:16 AM
 #28

In my opinion, if a casino should exist, then it should be anonymous and use cryptocurrency. Regular casinos require too much data about a person, which alienates many users.

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November 07, 2020, 05:20:54 AM
 #29

I do not recomand gambling on crypto casinos because the games algorithmes are rigged especially dice if you want to gamble its best to use live casinos and play poker or some other card games its safer or you can use sports bettings if you are fan of a specific sport.

Could you expand on that please?

With so many crypto casinos using provably fair systems and many of them being advertised in this forum, I think if you say that you should give arguments so people can try to refute you and casino players can decide wether you are right or wrong.

If not, you're just a big mouth.

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November 08, 2020, 03:35:33 AM
 #30

Cryptocurrency online casinos are great for good deposits and bonuses. Properly analyzing casino sites Cryptocurrency Online Casinos is possible to find safe sites for betting. These legitimate operators give you a combination of some of the best features that players need. All of them have valid licenses and you can deposit money knowing that your money will be safe and the game will be transparent. Jackpot City supports online casinos and money payments and the rest of the best casinos offer a variety of fast payment methods. Each system understands the difference between right and wrong.
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November 08, 2020, 03:48:21 AM
 #31

Wondering what you guys think about cryptocurrency casinos operating via the blockchain?
Well talking inside Bitcointalk.org forum?what do you think would be the majority of the answer mate?
Quote
I know gambling is one of those topics some want to avoid,
Sorry but i guess you are missing the place where to put this thread mate,because you are in gambling Discussion section and still talking
about this?
everyone here loves to talk gambling and also their betting experiences.
Quote
Other Casinos such as trustdice are offering free TXT tokens each time you play, others are now accepting debit and credit card payments to buy tokens directly without the need to head to coinbase, register, deposit, and send etc

What are your thoughts around this?
this means we are in good side of gambling having blockchain around,keeping us safe specially in times like this
with pandemic around.
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November 08, 2020, 04:59:06 AM
 #32

In my opinion, if a casino should exist, then it should be anonymous and use cryptocurrency. Regular casinos require too much data about a person, which alienates many users.
You need to categorize casinos. Real-life casinos that are operating locally have the right not to use cryptocurrency.

They have been existing even before cryptocurrencies come.

Describing the crypto casinos, most of them are operating with license, and they are giving importance to the anonymity of their users. That's better than them operating anonymously.

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November 08, 2020, 07:44:09 AM
 #33

Well, information is one of the details that casinos need to actually run theirs. Governments basically enforce casinos to gather info, mostly to identify whether or not those that are playing are above the legal age for them to gamble or not. Though there are countless crypto casinos out there already, most of them are quite famous such as roobet and wolfbet. As for the issue with standard casinos, I'm pretty sure notable casinos have their machines tested or something to assure fair gameplay, not that I know much though since I haven't really been or seen how they do as such.

Sorry but i guess you are missing the place where to put this thread mate,because you are in gambling Discussion section and still talking
about this?
everyone here loves to talk gambling and also their betting experiences.
This is why
You should move this topic to gambling discussion since this not related to bitcoin discussion or else it might take down by the mods.

 
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November 08, 2020, 07:50:57 AM
 #34

If casino claimed that they are a crypto casino, it's safe to assume that they are running in a blockhain in any way.
Some casinos offers a blockchain game where seeds can easily be verified, however, what gamblers love more are those popular games that we can find in a typical casino, and it's just different here as the payment method is in crypto.

Volatility has always been here, so it's not a problem since as a gambler we already know the risk and we can manage it.

Also, you might want to include sports betting which is getting more popular in the crypto space now.

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November 08, 2020, 08:05:22 AM
 #35

Wondering what you guys think about cryptocurrency casinos operating via the blockchain?

I know gambling is one of those topics some want to avoid, however as crypto is so volatile is anyone getting into it somehow gambling already?
Most cryptocurrency casinos are claiming to be running on the Provably Fair system, seeds are confirmed by you, unlike standard casinos which are confirmed in the back end and can therefore be rigged!

Other Casinos such as trustdice are offering free TXT tokens each time you play, others are now accepting debit and credit card payments to buy tokens directly without the need to head to coinbase, register, deposit, and send etc

What are your thoughts around this?

What are you trying to say here ? You mean that online casino are much better and safe than standard (physical) casino because you can verify the seeds and provably fair system ? This is not the case because there are many online casino which do not let you verify the seeds and also there is no confirmation that the provably fair system is truly implemented. Yes, there are many trusted ones too but not every online casino is trustable.

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November 08, 2020, 08:05:28 AM
 #36

Wondering what you guys think about cryptocurrency casinos operating via the blockchain?

I know gambling is one of those topics some want to avoid, however as crypto is so volatile is anyone getting into it somehow gambling already?
Most cryptocurrency casinos are claiming to be running on the Provably Fair system, seeds are confirmed by you, unlike standard casinos which are confirmed in the back end and can therefore be rigged!

Other Casinos such as trustdice are offering free TXT tokens each time you play, others are now accepting debit and credit card payments to buy tokens directly without the need to head to coinbase, register, deposit, and send etc

What are your thoughts around this?

All of the things you've mentioned are in favor and positive to the Cryptocurrency gambling community, anonymity, provably fairness that can be checked, all transactions are transparent and you can see in the blockchain without third party interference, and on top of this is a big community of Cryptocurrency gambling sites, almost every month there's a new gambling sites launch, online gamblers are shifting to Cryptocurrency gambling platform it has overtaken the standard online gambling sites.


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November 08, 2020, 08:11:39 AM
 #37

Crypto gambling site and blockchain based gambling site are not same,most of the cryptocurrency gambling sites are just a normal site which accepts cryptos for bets and also their results are probably fair but this is not a transparent one.And I don't think there will be much casinos running on a blockchain even in future.

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November 08, 2020, 08:14:57 AM
 #38

In my opinion, if a casino should exist, then it should be anonymous and use cryptocurrency. Regular casinos require too much data about a person, which alienates many users.

If casino wants to run business on legitimate way then it should obey the law. Amd according to law KYC is obligatory in many countries and casinos should be in line with that law otherwise they might have some troubles with law enforcement
So, fully anonymous and without providing any data you can play in illegal casinos and that is not something I would recommend. You don't have any protection, you can't claim your rights in case of any issues and in general you play on your own responsibility.

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November 08, 2020, 11:26:46 AM
 #39

In my opinion, if a casino should exist, then it should be anonymous and use cryptocurrency. Regular casinos require too much data about a person, which alienates many users.

If casino wants to run business on legitimate way then it should obey the law. Amd according to law KYC is obligatory in many countries and casinos should be in line with that law otherwise they might have some troubles with law enforcement
So, fully anonymous and without providing any data you can play in illegal casinos and that is not something I would recommend. You don't have any protection, you can't claim your rights in case of any issues and in general you play on your own responsibility.

In my opinion casinos should always follow the laws in the countries they operate. Being fully anonymous on the internet sounds pretty nice at the start. But the stigma of crpyto currencies and online gambling is still there, many people are afraid criminals use the internet and digital currencies to launder money. I think KYC is very important and we should just accept it.
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November 08, 2020, 11:48:01 AM
 #40

I do not believe that you can win in a casino, and even more so in a crypto casino.

And what could be the reason? That's why there's what you a provably fair in casino so you would be able to know whether your bet is fair or not.  If you don't see an option where you can verify your bets then you can believe that you can win on that casino.

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