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Author Topic: How long until we can bet with bitcoin in real life casinos?  (Read 1320 times)
Lucasgabd (OP)
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November 10, 2020, 09:32:28 PM
 #1

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

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November 10, 2020, 09:38:34 PM
 #2

There are already physical casinos that accepts Bitcoin ex. Las Vegas https://www.gamblingsites.com/blog/vegas-casinos-accept-bitcoin-64554/
If you do talk on betting bitcoins directly then i doubt that it isnt really that available at the moment but making out some conversion on buying out
chips via btc then these casinos would be on perfect fit. We are still on adoption phase and we do saw on how bitcoin make it that big and make some
part in gambling community.For now it isnt available yet thats why we dont have any choice but to wait up.

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November 10, 2020, 10:13:46 PM
 #3

There are already physical casinos that accepts Bitcoin ex. Las Vegas https://www.gamblingsites.com/blog/vegas-casinos-accept-bitcoin-64554/
If you do talk on betting bitcoins directly then i doubt that it isnt really that available at the moment but making out some conversion on buying out
chips via btc then these casinos would be on perfect fit. We are still on adoption phase and we do saw on how bitcoin make it that big and make some
part in gambling community.For now it isnt available yet thats why we dont have any choice but to wait up.

Having their own bitcoin ATM at these casinos is a good start. Though right now, they can't use btc for betting but I think, they are not very far from trying out games that will accept bitcoin. As people are avoiding the use of cash as much as possible and many are already converting to digital payment, I believe these physical casinos will try to integrate bitcoin on some of their games. Will be seeing that in the next couple of years or so. But right now, business of online crypto casinos is booming. A lot of gamblers turn to online as most of them can't go to physical casinos or are still avoiding the crowd.
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November 10, 2020, 11:30:59 PM
 #4

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

There's no such thing to say if we can sustain while we're still in the midst of pandemic, and though we earned sustainably from descent job that doesn't mean we're going to bet often. However if we find it comfortable to do it, then it's our virtue if choice but don't be addicted. Self control is very important in the first place, because if this becomes a habit I think worst cases might occur specially in our daily budget.

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November 11, 2020, 12:07:15 AM
 #5

I think it's counter intuitive to gamble in real life with Crypto - by that I mean you can do so on any number of online gaming sites.  When you arrive at a Casino, people usually buy a drink (or even a meal) then exchange their fiat cash for poker chips which they then gamble with in the Casino.  It would be no different to using Crypto, I would imagine you would have to exchange it for in house poker chips (then chash out later).

Imagine buying 0.01 worth of chips, not wagering then an hour later cashing those chips back to crypto and only getting 0.00812 because of TX fees and the price fluctuating whist playing.

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November 11, 2020, 12:28:09 AM
 #6

Perhaps, that is not available right now, but soon, it will be available in the casino. If the government can allow bitcoin to be used in many businesses, the casino can use bitcoin to bet, and I think the casino will be the beginner that will try to use bitcoin.

The chance for bitcoin to be a mass adoption currency is wide open, especially for payment methods. But so far, bitcoin still be the option on the payment methods on the online payment. If you are curious about how long bitcoin can be as a payment method, it'll be one year later, five years later, or even longer than that because that is back to the government because they are the regulation maker.
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November 11, 2020, 12:44:51 AM
 #7

It's uncommon, but from 2019 on it's already a reality in Las Vegas (The D Casino Hotel and The Golden Gate Hotel & Casino) and Cyprus (Merit Hotel Nicosia). Very few land based casinos give their customers this chance, but that is something is going to change soon as crypto currency becomes more integrated to our daily life.
Actually I expect not only wealthy casinos adopt it, but also the popular ones.

https://translegalpipeline.com/2019/11/where-can-gamblers-play-land-based-casino-slots-with-bitcoin/

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November 11, 2020, 01:12:40 AM
 #8

That's how it is from government regulations because they will legalize it or not, therefore adoption in cryptocurrency is still difficult at this time because regulations are not enforced.

About betting in real life about bitcoin, it will not happen because this is specifically for online, what about real bets, but what is placed in bitcoin is not real money? Still at the core we know traditional gambling is currently being used with fiat money and it applies throughout, and bitcoin will still be the best tool online, for adoption it may take us a long time to test it.

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November 11, 2020, 01:17:55 AM
 #9

It depends on that country when will that happen. I think some casinos in US already have that. But to countries where bitcoin is not fully known yet and not been acknowledged by the government then it's not likely to happen. All we can do for now is go to gambling websites and use our bitcoin there.
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November 11, 2020, 01:40:04 AM
 #10

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

You can buy chips using your Bitcoin but directly we still don't have that technology or it will be coming out in the future, actually the scenario in the Cryptocurrency gambling sites online is far better now than it used to be, we will soon step in the physical casinos as the adoption progresses, we never know, while we are discussing this right now a gambling casino is already planning this, it's not a remote possibility because Cryptocurrency is taking the cashless transaction, maybe a year or two from now we'll have a thread like this, that we can discuss.


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November 11, 2020, 01:50:58 AM
 #11

Not for long probably. I guess it will happen anytime now if only land-based casinos are really bent on offering this kind of new gambling experience to their patrons. Of course, some regulatory arrangements will have to be discussed first as this is indeed something unprecedented in the physical gambling industry.

What I was thinking, however, is whether Bitcoin or crypto gamblers would choose land-based casinos over online ones considering that many of them are also protecting their identities.

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November 11, 2020, 01:56:54 AM
 #12

I think it's possible but it'll take years maybe a decade or two before we see some casinos accept bitcoins since the majority aren't spending their bitcoins. Timelord mentioned the inconvenience when spending bitcoins so if they want to make it happen they need to use the lightning network or have an off chain platform so confirmations and fees would be less of an issue for their players.

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November 11, 2020, 02:20:00 AM
 #13

There's no exact date yet to say when and how long we should wait but for now, it's still blurry to have that in all of the physical casinos we have all over the world. Using Bitcoin in casinos as a bet would be a pain in the ass right now having transactions that will took few minutes or even longer to be transferred to another wallet. Also, we have to consider that implementing it would be an adjustment to both parties (The Casino and the players)

They need to be seminar about Bitcoin at least to avoid future errors such as sending their Bitcoin in a wrong Bitcoin address or in a wrong address, like ETH add, XRP add, so on and so forth.
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November 11, 2020, 02:32:42 AM
 #14

I think casino can easily accepts bitcoin if they want, the problem perhaps is that the demand is not yet there. And crypto gamblers will still used online casino's to used their crypto to gamble.

And I don't think any difference at all though, if you love real life casinos, then exchange your crypto first to fiat and then go to land based casinos to gamble, problem solved. And just imagine that you really wanted to play right away in a real life casinos, but then you have to wait for confirmation time, it's gonna be hassle on your part.

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November 11, 2020, 02:59:01 AM
 #15

As of now, there is no casino gambling that uses cryptocurrency as a means of payment because it is decentralized and most of the casino gambling that we know are owned by authorities or somehow related to the government, but I am hoping for good innovation for cryptocurrency in gambling for the future and if it would happen, I don't think that many people will use it as their payment because there would be many factors they consider first before using it unlike on gambling using fiat currency.

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November 11, 2020, 03:21:59 AM
 #16

I don't think that this is possible to cause people in the casino hates delay or something like that. they prepare something like bitcoin convert to the chips of the casino first then they will play with that. Besides, there are already online casino and gambling site that accepts bitcoin and some other cryptocurrencies.

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November 11, 2020, 03:36:45 AM
 #17

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Knowing that this is physical casino is what you are talking about means we need to have atleast physical item to bet on,not unless each casino houses will have machines that has scanning power so we can just pre scan our wallets and then we're ready to go.
But I believe that this will take time before having all this.
From there I am sure that gambling will be in its finest having machinery like that.

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November 11, 2020, 03:42:45 AM
 #18

Not really familiar with physical casinos that accept Bitcoin, but it shouldn't be long. Casinos should probably just wait till the pandemic blows over, and then they can start managing that feature of accepting crypto. Though it may take years, depending on how long casinos would actually need to make a comeback from the damages done by the pandemic. Still, it highly depends, a  BTC ATM may or may not really be needed tbh, after all, if the casino isn't a pure BTC payment type but also accepts fiat, then there's absolutely no need for one. BUT if a casino is a BTC only payment casino, one may be needed, but the existence of that casino itself as a physical casino seems irrelevant to me? They might as well just have started an online casino in that case tbh.

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November 11, 2020, 04:09:02 AM
 #19

last time there was a discussion simillar to this . on the topic they share an info about physical casinos that are now accepting digital payments but they dont mention crypto on that info that they share . the countries covered are on the part of u.s  . if they made that possible where physical machines can interact online for the purpose of gambling , they may possibly experiment it soon with other digital payment methods and crypto can be included on that list . that wait isnt long for that because people are already started working towards this new posibilities .
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November 11, 2020, 04:40:41 AM
 #20

Psychical Casino will definitely consider many things before allowing crypto to their casino, and what is certain is the benefits should outweigh than difficulties that will be faced if allowing crypto as payment.
It is possible to happen but when the time is very difficult to predict it could be next year or it could be 5 years later, but now there have many online casino that accept crypto so that's can be an option for now before psychical casino accept crypto happen.

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November 11, 2020, 04:57:55 AM
 #21

With the current volatility of bitcoin, I do not think that we can bet on physical casinos so soon. The players can find exploit with the current volatility of bitcoin like buying low then playing for awhile in high time then exchange the chips. They can digitize the chips exchange though, which mirrors cryptocurrency in a way which is more convenient for players and casinos alike.

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November 11, 2020, 05:05:11 AM
 #22

There's no exact date yet to say when and how long we should wait but for now, it's still blurry to have that in all of the physical casinos we have all over the world. Using Bitcoin in casinos as a bet would be a pain in the ass right now having transactions that will took few minutes or even longer to be transferred to another wallet. Also, we have to consider that implementing it would be an adjustment to both parties (The Casino and the players)

They need to be seminar about Bitcoin at least to avoid future errors such as sending their Bitcoin in a wrong Bitcoin address or in a wrong address, like ETH add, XRP add, so on and so forth.
It is not yet possible for me and I still do not have an idea if that will happen, there is a possibility that it will happen but still it will take a lot of time because usually those traditional gamblers have still no idea on what is bitcoin and how to use it. The traditional casinos are still not seeing it as an opportunity so for me they will not yet add it to their system. Implementing that kind of system is not easy because the traditional gamblers will really have a hard time to understand it. Education is the first priority for me before they implement that kind of features where we can do slots and bets in traditional casinos. 
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November 11, 2020, 07:24:51 AM
 #23

maybe we will be able to use Bitcoin as a reward or capital in the next 5 - 10 years...
Real casinos still haven't found the right concept to use Bitcoin in their business, drastic price changes and possibly high fees are still an obstacle. but I heard in Vegas, you can exchange your Bitcoin at a Bitcoin ATM with fiat then make the money for gambling capital.



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November 11, 2020, 07:41:59 AM
 #24

As mass awareness and adaptation grow, the likeliness of bitcoin or any other crypto being used in live casinos, or even anywhere may occur. The problem is, the demand for BTC being used in a live casino in my point of view is not ideal, fiat is still best used in live casinos due to the volatility of BTC price.
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November 11, 2020, 07:47:05 AM
 #25

With the current volatility of bitcoin, I do not think that we can bet on physical casinos so soon. The players can find exploit with the current volatility of bitcoin like buying low then playing for awhile in high time then exchange the chips .They can digitize the chips exchange though, which mirrors cryptocurrency in a way which is more convenient for players and casinos alike.
its not an exploit  and its not illegal to do it because that is part of the volatility . we are already doing it  in online casinos although there is a limit for withdrawals and there are also fees. they can put the same rules in the physical casino if they will integrate crypto as payments  so that they wont end up a looser .

digitalizing the chips kills the essense of being a physical casino and if they do that , why not build an online gambling  instead . we dont need to complicate things but the purpose is to make things easier
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November 11, 2020, 07:58:26 AM
 #26

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

I think that the casinos at the moment are having a pretty hard time, and as soon as the new lockdown is lifted they will try to get back on track with their casinos. The business model is still great, so they don't need to look for new games. What is more important is getting the old gamblers back in the casinos and try to get players too in my opinion. During the pandemic many people started gambling online with bitcoins, so allowing the bitcoins now in the physical casinos too would be next step. This could be a good way for casinos to try and attract new gamblers.
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November 11, 2020, 08:08:58 AM
 #27

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?
Well as long as we get to the point that it got instant for example via lighting network or even more upgraded feature like that then we could say we are on that stage to adapt betting on Bitcoin. If this is still the scenario that affordable fee on transactions take an hour/s then it wouldn't be possible as people kinda not like waiting especially when they are urging to play when they got chips on them. I do think it will not take decades but who knows we don't have crystal ball to predict that.
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November 11, 2020, 08:13:35 AM
 #28

Maybe 10-15 years or not? I don't think the casino would benefit from doing this idea in their casino. It is possible that all real-life casinos would accept bitcoin as an exchange for cash or token but betting with bitcoin in their casino would be possible now only for the VIP if they would request it.
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November 11, 2020, 08:51:05 AM
 #29

When something is being talked about and adopt by majority of the people and nation, there's a big possibility that companies and industry will adopt it as well, I don't know how long it could be immediately after the pandemic but the physical gambling casinos are always innovating and creating something that will make their platform easy to use and profitable for them and Cryptocurrency has all of this.


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November 11, 2020, 08:52:46 AM
 #30

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
It is a mystery because no one will know when it will happen since the casino in real life still uses fiat to buy the chips.
Maybe if one big casino can apply to use bitcoin and invite more gamblers to try, the other casino will try it too.
But to use bitcoin as the bets will need a basic lesson on using bitcoin because not all people out there will understand how to use it.
Maybe bitcoin and other coins will still be used in the online casino shortly until the government can accept the use of crypto for many things.
Maybe it will need more years to see crypto used as the payment system and crypto can be used to place bets in real life.
We don't have to think about that because we can still use crypto or bitcoin to bet in online gambling, which is enough for us.

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November 11, 2020, 09:19:21 AM
 #31

^ Predicting the exact date will be difficult and speculations are the only thing that we can be certain of. Looking at the progress of bitcoin and other cryptocurrencies in the gambling industry have already gone far and I am positive that it will not take too long that bitcoins will be used directly for betting in physical casinos due to pandemic and digital currency is being acquired nowadays globally.
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November 11, 2020, 09:29:57 AM
 #32

There are already physical casinos that accepts Bitcoin ex. Las Vegas https://www.gamblingsites.com/blog/vegas-casinos-accept-bitcoin-64554/

Some people missed this comment! They give their prediction just to write something...

If you do talk on betting bitcoins directly then i doubt that it isnt really that available at the moment but making out some conversion on buying out
chips via btc then these casinos would be on perfect fit.

We have online crypto casinos where you deposit btc (or some alt) and you get your amount in dollars/euros! So it's nothing strange in my opinion, after some time you get used to it if you like to spend time there!

In the end it's on us individually where we like to gamble! I understand people who like casinos where they can mingle with other people, and all the fun that comes from that, but I am good with online crypto gambling, without much hassle with documents, verifications, easy and simple from the comfort of my home! I wouldn't change that!

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November 11, 2020, 09:52:28 AM
 #33

Bitcoin as a cryptocurrency is a currency of the web and I believe it would always be as that else, it would be a deviation from its own contest from a software to a hardware thereby, contesting with fiat and that's very much unlikely to happen as Bitcoin is more valuable in it's software nature.

I guess what we should be or is talking about here is it's acceptance as a staking power or medium of payment as it should being a currency that could be used almost universally but, this is dependent on the merchant so, it's very much an individual thing. I go to some shops in my locality and they've either got their P.O.S ready to pay with your card or a displayed account details for transfer. This also could be done on Cryptos should the merchant accept Cryptos, either provide a Bitcoin ATM or has his or her wallet address available for customers and a means of transfer verification in place at all times.
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November 11, 2020, 10:11:01 AM
 #34

<...>

There's no such thing to say if we can sustain while we're still in the midst of pandemic, and though we earned sustainably from descent job that doesn't mean we're going to bet often. However if we find it comfortable to do it, then it's our virtue if choice but don't be addicted. Self control is very important in the first place, because if this becomes a habit I think worst cases might occur specially in our daily budget.

 Huh

<...>

Imagine buying 0.01 worth of chips, not wagering then an hour later cashing those chips back to crypto and only getting 0.00812 because of TX fees and the price fluctuating whist playing.

that could be easily solved by having a pre-paid casino card that you can top-up with our favorite currency, be it fiat, stablecoins or bitcoin/ethereum.

Perhaps, that is not available right now, but soon, it will be available in the casino. If the government can allow bitcoin to be used in many businesses, the casino can use bitcoin to bet, and I think the casino will be the beginner that will try to use bitcoin.

The chance for bitcoin to be a mass adoption currency is wide open, especially for payment methods. But so far, bitcoin still be the option on the payment methods on the online payment. If you are curious about how long bitcoin can be as a payment method, it'll be one year later, five years later, or even longer than that because that is back to the government because they are the regulation maker.

I agree with most of that!
the only thing is that even the government can't stop bitcoin, the ones that try to do it will only lose longterm.

I think casino can easily accepts bitcoin if they want, the problem perhaps is that the demand is not yet there. And crypto gamblers will still used online casino's to used their crypto to gamble.

And I don't think any difference at all though, if you love real life casinos, then exchange your crypto first to fiat and then go to land based casinos to gamble, problem solved. And just imagine that you really wanted to play right away in a real life casinos, but then you have to wait for confirmation time, it's gonna be hassle on your part.

here we have some interesting dillema on deman creation.
we can think of it as a road that goes both ways:
users/costumers can create demand but so do business.

yes, there's no big difference because usually the person who would play on a casino would probably have no problems on using a bridge fiat-crypto (exchange/p2p/whatever)

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November 11, 2020, 10:27:25 AM
 #35

There are already physical casinos that accepts Bitcoin ex. Las Vegas https://www.gamblingsites.com/blog/vegas-casinos-accept-bitcoin-64554/

Some people missed this comment! They give their prediction just to write something...
~

Yeah, but, in fact, the casinos from the article don't allow you to play with BTC. They accept BTC as payment for various services, and they do have Bitcoin ATMs on site, but you can't gamble directly with Bitcoin there.

Regarding the OP's question, it is possible that physical casinos will cease to exist soon because of the pandemic, so their accepting Bitcoin or not, will be irrelevant. It looks like everything will be going online more and more in the near future, and even after Corona will be taken care of, the re-opening will hardly start happening, because of the fear of another pandemic.

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November 11, 2020, 10:51:47 AM
 #36

I don't think that would be great imagine going to casino to play wherein you can play games at home but I think that could work as well.
I was thinking if they will implement it for sure there will be a lot of legal stuff will happen before it will be accepted since the physical casinos are regulated.

ya.ya.yo!

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November 11, 2020, 10:56:13 AM
 #37

There are couple of things we should put in consideration in this industry before talking about this, some of which is: Bitcoin transactions, Bitcoin acceptability and Bitcoin fee. Betting Bitcoin on a real life casinos here are issues at this moment becasue of the aforementioned. How fast is Bitcoin transaction compare to other payment methods?, how is Bitcoin acceptability among real life casinos in your country? and the high fees in respect to Bitcoin is sometime unimaginable...these won't make the real life casinos adopt the use of Bitcoin IMHO.

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November 11, 2020, 10:57:08 AM
 #38

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

In regular casinos you buy chips at the cash desk. I do not see a big difference in what currency you will do it for. Especially now there are already existing plastic crypt-currency cards, which are nominated in cryptocurrency and when calculated convert it to dollars.
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November 11, 2020, 11:13:24 AM
 #39

Brick n Mortar casinos are a bit more complex, because most governments does not accept Bitcoin as a Currency. A lot of these countries define Bitcoin as a "Commodity" or an investment option, so it is difficult for these casinos to accept Bitcoin as a payment option, if it is not allowed by it's government.

I have seen some casinos offering Bitcoin prizes for specific promotions, like they do with expensive cars and Gold coins, but I doubt that they would risk losing their license by accepting Bitcoin as a "Currency".  Roll Eyes

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November 11, 2020, 11:33:03 AM
 #40

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

In regular casinos you buy chips at the cash desk. I do not see a big difference in what currency you will do it for. Especially now there are already existing plastic crypt-currency cards, which are nominated in cryptocurrency and when calculated convert it to dollars.

I also think of an idea that regular gambling casinos can use chips that will represent the value of bitcoin. By that, gamblers can buy bitcoins through chips and they can now play cards or any game they want. It is possible that cryptocurrency may be used in a regular casino or maybe there are some casinos who is regulating it already. Online casino websites if you will compare, it is just a part of an overall running casino. Most casinos adapt easily and I see no other reason for them not to adopt cryptocurrency.
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November 11, 2020, 11:42:01 AM
 #41

It all depends on how bitcoin/crypto do in terms of adoption in the coming years, gambling like every other business will go after money and if these real life casinos see there are enough demand for using bitcoin as an asset to bet on different games you can be sure they will do it

And the only thing that could stand in their way is if their governments prevent them from doing so which I don't think in many countries that would be an issue since many of them already have taxation laws for using and spending crypto, so just follow the news about bitcoin adoption and of course the price which could be an indication of more adoption and given enough time it would be a norm to see real life physical casinos accept bitcoin as well.
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November 11, 2020, 12:11:51 PM
 #42

It all depends on how bitcoin/crypto do in terms of adoption in the coming years, gambling like every other business will go after money and if these real life casinos see there are enough demand for using bitcoin as an asset to bet on different games you can be sure they will do it

And the only thing that could stand in their way is if their governments prevent them from doing so which I don't think in many countries that would be an issue since many of them already have taxation laws for using and spending crypto, so just follow the news about bitcoin adoption and of course the price which could be an indication of more adoption and given enough time it would be a norm to see real life physical casinos accept bitcoin as well.
I don't think that it will took a long time for this thing to happen. We already have a online casinos where we can use bitcoin so if that online casino managed to have a physical branch then it will surely be able to use bitcoin but it also needs to consider where will they build a physical branch because they need to follow the rules and regulations of that country about bitcoin. We can also wait for the mass adoption to occur because if mass adoption occurs, all fee can be paid with bitcoin.
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November 11, 2020, 12:35:54 PM
 #43

It all depends on how bitcoin/crypto do in terms of adoption in the coming years, gambling like every other business will go after money and if these real life casinos see there are enough demand for using bitcoin as an asset to bet on different games you can be sure they will do it

And the only thing that could stand in their way is if their governments prevent them from doing so which I don't think in many countries that would be an issue since many of them already have taxation laws for using and spending crypto, so just follow the news about bitcoin adoption and of course the price which could be an indication of more adoption and given enough time it would be a norm to see real life physical casinos accept bitcoin as well.
I don't think that it will took a long time for this thing to happen. We already have a online casinos where we can use bitcoin so if that online casino managed to have a physical branch then it will surely be able to use bitcoin but it also needs to consider where will they build a physical branch because they need to follow the rules and regulations of that country about bitcoin. We can also wait for the mass adoption to occur because if mass adoption occurs, all fee can be paid with bitcoin.
Online casinos are mostly decentralized, although some are Centralised and most are real time-based casinos, not really crypto online gambling casinos so maybe there's a difference. Those gambling platforms are centralised under government's so their existence somehow makes an excuse. And since cryptos are also mostly decentralized, it's adoption to centralised establishments are still sketchy at this moment unless regulation will take place, which is more likely to occur in the future.



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November 11, 2020, 12:45:45 PM
 #44

Though casinos accept many currencies for giving you chips to play in the casino. Accepting bitcoin won't be an easy task. The main problem would be the legal issues. The price of bitcoin is volatile and their transaction takes time. And every legal casino needs to pay a hefty tax on operating the casino and with bitcoin, their receipt won't be totally transparent, not only could they fake the amount involved but there would be remarks on the exchange price due to volatility.
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November 11, 2020, 12:52:40 PM
 #45

I don't think that it will took a long time for this thing to happen. We already have a online casinos where we can use bitcoin so if that online casino managed to have a physical branch then it will surely be able to use bitcoin but it also needs to consider where will they build a physical branch because they need to follow the rules and regulations of that country about bitcoin. We can also wait for the mass adoption to occur because if mass adoption occurs, all fee can be paid with bitcoin.

I'm not saying it will take a long time but wouldn't happen that soon either, your expectations should be reasonable, still most people and even most gamblers that play in real physical casinos don't know anything about crypto and even some of those that do just assume it's scam and don't pay much attention to it, let alone buy them and use them to bet instead of their national currency, online casinos that you mentioned are totally another story and usually people that spend a decent amount of time online are aware of them and are more willing to give new technologies a try and are more informed in these kind of things over all.
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November 11, 2020, 01:05:15 PM
 #46

I don't think it will take much longer because after all, Bitcoin is readily being accepted world wide and many retailers are also accepting it. Even PayPal is going to accept this and I'm sure casinos offline will not let go of the opportunity for customers to play with bitcoins! This is soon to turn into reality!
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November 11, 2020, 01:11:07 PM
 #47

Volatility has been the main issue why physical casinos can't fully integrate Cryptocurrency to their system, and physical casinos are profit oriented they always want to see if Cryptocurrency will not cause them to pay more and they will not want to receive less than what the fist is offering, there should be a feasibility study on this.
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November 11, 2020, 01:17:45 PM
 #48

That would be great. It is like a cashless online gambling it's like you will just going to scan to deposit and the fund will be transferred to the machine. I'm not quite sure how they will going to implement it but that would be great.

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November 11, 2020, 01:24:39 PM
 #49

Volatility has been the main issue why physical casinos can't fully integrate Cryptocurrency to their system, and physical casinos are profit oriented they always want to see if Cryptocurrency will not cause them to pay more and they will not want to receive less than what the fist is offering, there should be a feasibility study on this.

It will not be an issue if they accept it since they can handle the volume even if the bitcoin movement is not so stable and also they can also add more options to minimize such losses in value if many would want a stable coin to be added. If you look on the long time existing casino here where they didn't collapsed when the value falls down in the last few years and they manage to survive as well they earn with the current volatility of the market and I'm sure it will go the same to the physical casino if they want to try to go online.

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November 11, 2020, 01:30:58 PM
 #50

why so excited? Do you have lots of BTC? Well I can also say that betting with BTC is good to.keep yourself from being private especially when you like to bet huge. Most likely spectators are always fan of watching gamblers with huge bet. That usually happens in the casino and a gambler may not able to concentrate on betting. And with bitcoin I think everything will be possible and with optimum comfort when betting to a casino wanting to get privacy.
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November 11, 2020, 02:01:42 PM
 #51

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

In my own assessment, as far as I know there are some land based casino now accepting bitcoin actually, and also a lot
of merchants as well all over the world now also adopted Bitcoin a mode of payment to their business as well. So, I think that is
possible to be happen in the near future dude, but if course let see due to we still don't know what will happen tomorrow anyway.
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November 11, 2020, 02:27:15 PM
 #52

There have been casinos accepting bitcoin already. However, they only let you to buy chip with bitcoin.


I would rather use cash in real-life casinos than bitcoin. First, I find that fiat is absolutely more convenient than bitcoin in real life casino. And the feeling of holding money while you walk in a casino makes me exciting. I will definitely bring a lot of cash if I ever have a chance to visit Las Vegas in the future

Second, blockchain network congestion can happen anytime. You can not avoid it. Paying a higher fee might be a solution but it will give me a bad experience with bitcoin gambling. Credit cards, on the other hand, are faster and more suitable for this situation. They have interacted with casinos for many years and you will have many advantages from them

It is hard to predict the time where mass adoption of bitcoin in physical casinos. Right now, there are many resistance blocking us from achieving this goal. However, Im still find with gambling on the Internet

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November 11, 2020, 03:04:59 PM
 #53

Using bitcoin to bet in physical casinos may come first prior to global adoption, and because of this pandemic, it may be sooner than what we are expecting due to the positive approach of people to bitcoin and other cryptocurrencies.

AFAIK there is still no casino that accepts bitcoins as a form of bet as of this moment but rests assured in the future it can be used as a wager since physical casinos have the system or technology that can be used for conversion and it may speed up the process for a player in placing their bets. Asking for the exact date when it will be, no one can provide it since we are still in the process of adoption.

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November 11, 2020, 03:31:22 PM
 #54

We will probably see more physical casinos accepting bitcoin in the near future. Bitcoin is still in the phase of getting more recognition, and some businesses are already starting to accept bitcoin so some casinos will probably accept it as well. Casino operators also need to consider if there's a lot of demand and they should also know or understand how the market works so they can't just accept it immediately, it takes some time.
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November 11, 2020, 03:54:49 PM
 #55

There are already physical casinos that accepts Bitcoin ex. Las Vegas https://www.gamblingsites.com/blog/vegas-casinos-accept-bitcoin-64554/

Some people missed this comment! They give their prediction just to write something...
~

Yeah, but, in fact, the casinos from the article don't allow you to play with BTC. They accept BTC as payment for various services, and they do have Bitcoin ATMs on site, but you can't gamble directly with Bitcoin there.

Regarding the OP's question, it is possible that physical casinos will cease to exist soon because of the pandemic, so their accepting Bitcoin or not, will be irrelevant. It looks like everything will be going online more and more in the near future, and even after Corona will be taken care of, the re-opening will hardly start happening, because of the fear of another pandemic.

Hey Betwrong, let's make a little discussion here... Smiley Now you missed the part of my comment where I said that you have crypto casinos (roobet and betnomi) where you don't play directly with bitcoins?! Isn't that the same case? Casinos have obligations and regulations depending on where they operate, simply in Vegas you can buy chips in the casino and to gamble with chips (at least I imagine it like that, I never been there Smiley), and maybe you can even cash out in bitcoin?! Maybe someone can clear this up for us?!
Anyway what's the difference between above mentioned casinos, and any casino in Vegas? Where you deposit bitcoin that are exchanged for dollars and you play with dollars?

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November 11, 2020, 03:59:28 PM
 #56

I don't see it happening soon, there are many issues that we still need to tackle, like volatility, the number one hindrance in Cryptocurrency adoption in so many sectors, the scalability is another issues, the casinos will think twice if you have to wait for hours to get your confirmation.
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November 11, 2020, 04:11:41 PM
 #57

I think this question is kind of the same as if we think bitcoin or some other form of cryptocurrency will one day be mass-adopted and used as an everyday currency.  I believe we will get there. From PayPal adding bitcoin and a couple other cryptocurrency's to China issuing their own "cryptocurrency" , it's inevitable this is the way of the future.

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November 11, 2020, 04:53:42 PM
 #58

I think in areas where gambling is legal as well as bitcoin, I believe casino or physical gambling has accepted bitcoin. In addition, the development into the era of digitalization is getting higher so I think online gambling will continue to get enthusiasts, so in this case alone I think gamblers are comfortable when gambling online. But indeed, physical gambling has a different appeal because it is more crowded and exciting, so if bitcoin is already legal then it is very possible for bitcoin to be accepted at casinos in the region.

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November 11, 2020, 04:56:52 PM
 #59

That means a lot of work for casinos if they really want to implement it.
Would they even care if chips could work? Also, avoiding bad events like cheating or whatever evil doers do.  Grin

Efforts like.
This QR code =  betting 10 USD = X amount of bitcoin.
Below that is another QR code for betting 20 USD = X amount of bitcoin.
Then, it should be updated with how much the rate is to avoid loss.

Nah, I doubt they will input that kind of service. Volatility is the wall up until now.
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November 11, 2020, 06:10:23 PM
 #60

I think this question is kind of the same as if we think bitcoin or some other form of cryptocurrency will one day be mass-adopted and used as an everyday currency.  I believe we will get there. From PayPal adding bitcoin and a couple other cryptocurrency's to China issuing their own "cryptocurrency" , it's inevitable this is the way of the future.

yes, it's not even a matter of IF anymore, but when.
just a matter of time.

That means a lot of work for casinos if they really want to implement it.
Would they even care if chips could work? Also, avoiding bad events like cheating or whatever evil doers do.  Grin

Efforts like.
This QR code =  betting 10 USD = X amount of bitcoin.
Below that is another QR code for betting 20 USD = X amount of bitcoin.
Then, it should be updated with how much the rate is to avoid loss.

Nah, I doubt they will input that kind of service. Volatility is the wall up until now.

with Paypal adoption this may become much easier, even though quite costly because of their huge taxes.

but if it's in a physical place just implementing a QR code wallet with a cashier calculating the cost or a screen updating it real time from CMC, may not be that hard for the programmers.

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November 11, 2020, 06:58:04 PM
 #61

For those countries and places that is already adapted the crypto currency, they are allowed to use crypto currencies in any other platforms but for those countries and places who aren't aware about crypto currencies, I think it would be imposible for them now to adapt and use bitcoin in traditional casinos as a mode of payment or even in any other platforms.

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November 11, 2020, 08:13:10 PM
 #62

For those countries and places that is already adapted the crypto currency, they are allowed to use crypto currencies in any other platforms but for those countries and places who aren't aware about crypto currencies, I think it would be imposible for them now to adapt and use bitcoin in traditional casinos as a mode of payment or even in any other platforms.

I don't think so, maybe it some platforms but not in any platforms since if gambling illegal in your country, that does not give an opportunity for casinos to adopt with bitcoin. In fact, crypto online casinos are only accepting bitcoin and other cryptocurrency for now, because the regulation is not quite strict compared to a land based casinos where government are fully monitoring them.

These online casinos are getting their license in a country that are so friendly with crypto casino operations but in a land based casinos, they get the license from what country they are operating, so it's not easy compared to online.

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November 11, 2020, 08:22:22 PM
 #63

There aren't many countries where gambling is legal, so talking about this does not make sense because it will not increase the mass adoption compared to playing with btc online as it can be seen by anybody all around the world without any restrictions, and if there are country restrictions, gamblers still take the risk and gamble there. Why not make chips worth BTC0.001 or more (or less) and give it to their players after they decide their total buy-in value (bankroll)?
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November 11, 2020, 08:33:10 PM
 #64

For those countries and places that is already adapted the crypto currency, they are allowed to use crypto currencies in any other platforms but for those countries and places who aren't aware about crypto currencies, I think it would be imposible for them now to adapt and use bitcoin in traditional casinos as a mode of payment or even in any other platforms.

I don't think so, maybe it some platforms but not in any platforms since if gambling illegal in your country, that does not give an opportunity for casinos to adopt with bitcoin. In fact, crypto online casinos are only accepting bitcoin and other cryptocurrency for now, because the regulation is not quite strict compared to a land based casinos where government are fully monitoring them.

These online casinos are getting their license in a country that are so friendly with crypto casino operations but in a land based casinos, they get the license from what country they are operating, so it's not easy compared to online.

You are definitely right on this one this is why most of business owners will really tend to build up an online casino rather than on physical ones due to the one of the reasons when it comes on getting a license
and other regulations.

Yes, online casinos do have license and do also abide with laws and regulations but not that strict when you do have an actual physical place where your business puts in.
Its one of the factors that surely being reconsidered first before making up any investment decision neither they do go online or physical ones.

Each country do have its own jurisdiction towards gambling thats why we cant really expect for something of global adoption or some sort.

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November 11, 2020, 08:55:12 PM
 #65

We might have to wait, casino's who are already accepting it might be just testing if it's okay, but I'm very sure that other casinos are studying it, especially that that price is very unpredictable, I think the volatility is one of the things that this casino'sare very concern about, they can't afford to lose by having a lot of bitcoin while the price goes down, at the end of the day this company needs to have a profits

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November 11, 2020, 09:06:25 PM
 #66

A new breakthrough if there is a physical casino gambling using bitcoin or other crypto payments. It’s very interesting.
Because they usually use payments bitcoin for online payments, or payments in stores, or used for payment of services such as electricity bills.
Actually, if have permission from the government of the country, it is easy to implement. But so far I have not found physical casino gambling using bitcoin payments.

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November 11, 2020, 09:48:25 PM
 #67

In regular casinos you buy chips at the cash desk. I do not see a big difference in what currency you will do it for. Especially now there are already existing plastic crypt-currency cards, which are nominated in cryptocurrency and when calculated convert it to dollars.

I also think of an idea that regular gambling casinos can use chips that will represent the value of bitcoin. By that, gamblers can buy bitcoins through chips and they can now play cards or any game they want. It is possible that cryptocurrency may be used in a regular casino or maybe there are some casinos who is regulating it already. Online casino websites if you will compare, it is just a part of an overall running casino. Most casinos adapt easily and I see no other reason for them not to adopt cryptocurrency.

Conventional casinos do not sell their chips directly for cryptographic currency primarily because it is not allowed by the law of the countries where they are located. This is the main reason. In addition, not many people use cryptov currencies, and therefore casinos see no reason to lobby for the adoption of such bills in their countries.
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November 11, 2020, 09:54:27 PM
 #68

Although we see Casinos as money draining machines that are out there to drain us out of our finances, we can safely say they would not accept all kinds of money anytime soon. Especially cryptocurrencies like bitcoin that bypass the security feature of some casinos, so not anytime soon will bitcoin be accepted in casinos.

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November 11, 2020, 09:58:55 PM
 #69

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Hmm, to be fair I haven't seen any old fiat casino that started accepting of bitcoins. More likely, what I see online are crypto dedicated casinos. Idk why that doesn't happen but seems right now we have two sides: Fiat casinos and crypto casinos, you'll very, very rarely see mixed ones, the only one in this category that I know is sportsbet.io
So, very hard to answer to your question. I know one casino that didn't accept crypto payments but instead founded a new casino but with only cryptocurrencies.
As you know, real-life casinos are often associated with money laundering and at some point have a bad reputation, so I don't think it will happen anytime soon but in 2-3 years, who knows, even PayPal accepted bitcoins and gave a huge push to its adoption.

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November 11, 2020, 10:05:42 PM
 #70

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

 I doubt most bitcoin enthusiasts will shift on physical casinos if ever bitcoin will be accepted since after all, why should they do that as there's a much convenient way of doing gambling right at their home.

And for regular gamblers on physical casinos, bitcoin payment is just an added payment option so nothing really special.

It's a big step towards acceptance but should not a big deal or point of concern.

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November 11, 2020, 10:13:08 PM
 #71

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

With the current confirmation time, how long do you think it will takes for placing a bet? It’s not ideal for a quick-playing game. Maybe the casino wont apply bitcoin directly to their machine, but by accepting bitcoin for the payment of their tokens/chips. Or maybe they should have a bitcoin ATM in their casino, or.. bitcoin as a jackpot prize maybe? It would be great. However, introducing bitcoin to gambler can be risky for offline casino because they are introducing an online money for online transactions, which usually used for online gambling. Surely, they dont want their customer changes their mind to play casino online. Lol
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November 11, 2020, 10:26:10 PM
 #72

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

With the current confirmation time, how long do you think it will takes for placing a bet? It’s not ideal for a quick-playing game. Maybe the casino wont apply bitcoin directly to their machine, but by accepting bitcoin for the payment of their tokens/chips. Or maybe they should have a bitcoin ATM in their casino, or.. bitcoin as a jackpot prize maybe? It would be great. However, introducing bitcoin to gambler can be risky for offline casino because they are introducing an online money for online transactions, which usually used for online gambling. Surely, they dont want their customer changes their mind to play casino online. Lol
If they don't want to lose their gamblers then they should adopt the changes and go online since if they will wait for everything to get normal for sure there gamblers already find a place where they enjoy playing. But I don't think all will settled to play on online casinos once it will introduced to them since for sure many will still prefer to go on offline casino once everything is normal since the enjoyment and gameplay are different if we play physically.

R


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November 11, 2020, 10:35:13 PM
 #73

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

With the current confirmation time, how long do you think it will takes for placing a bet? It’s not ideal for a quick-playing game. Maybe the casino wont apply bitcoin directly to their machine, but by accepting bitcoin for the payment of their tokens/chips. Or maybe they should have a bitcoin ATM in their casino, or.. bitcoin as a jackpot prize maybe? It would be great. However, introducing bitcoin to gambler can be risky for offline casino because they are introducing an online money for online transactions, which usually used for online gambling. Surely, they dont want their customer changes their mind to play casino online. Lol
With a proper rules and preparation i think this confirmation time problem could be solved.
I mean there is third party service that can analyzed whether the transaction is safe from double spending pr any other malicious transactions etc , so it is something could be done.
Another possibility is by exchange your money with a chip worth of 1mbtc each for example , with this way you dont have to wait while making bets.
So by the end of the day when you try to cashout it is all in bitcoin .
Would be fun surely!
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November 11, 2020, 10:39:47 PM
 #74

I think this question is kind of the same as if we think bitcoin or some other form of cryptocurrency will one day be mass-adopted and used as an everyday currency.  I believe we will get there. From PayPal adding bitcoin and a couple other cryptocurrency's to China issuing their own "cryptocurrency" , it's inevitable this is the way of the future.
I think if you create one digital currency that is used for all countries in the world then it requires coins that have a very large supply and of course there is a high possibility that price inflation can occur and the price movements of the coins will definitely be irregular, it's better to keep bitcoin a coin main and can be used for all countries and no other coins, whereas if some gambling and payment platforms have their own coins it doesn't matter the most important thing they accept exchanges with bitcoin so that it can increase the use of bitcoin.

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November 11, 2020, 10:45:15 PM
 #75

Everything depends on the government, if the government can regulate Bitcoin and accept it as a means of payment.
We can bet with Bitcoin in physical casinos in the near future. Currently Bitcoin is still in the development stage,
so it takes time for mass adoption to occur. Therefore we need to promote and educate many people about Bitcoin,
so Bitcoin can be even more popular, thus speeding up the adoption process.

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November 11, 2020, 10:47:11 PM
 #76

Maybe we can use Bitcoin to buy chips but I don’t think that Bitcoin alone will be use on real casinos, Bitcoin works online and many are still a traditional casinos and not all players know what Bitcoin is so we are still far from this but hopefully in the future. For now, let’s gamble online and stay safe from the virus, Playing on a casinos right now is still risky, so play safe.
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November 11, 2020, 10:56:21 PM
 #77

Right now, I don't think that it will happen in our country. Even though bitcoin is legal in our country, only a few people actually use and accept it and we still need the help of a third party or exchanges to use our bitcoins. These local exchanges have a lot of partneeship deals that made us use bitcoin to pay bills and other stuffs.

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November 11, 2020, 11:14:29 PM
 #78

how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

I don't see any significance and big chances if ever physical casinos will consider adding bitcoin payment.

There should be a designated bitcoin physical casino meant rather an integration with phyiscal casino. But if such case that isn't possible, the best and convenient way could be bitcoin should be consider used on physical casino's designated online website casino.
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November 11, 2020, 11:17:44 PM
 #79

Everything depends on the government, if the government can regulate Bitcoin and accept it as a means of payment.
We can bet with Bitcoin in physical casinos in the near future. Currently Bitcoin is still in the development stage,
so it takes time for mass adoption to occur. Therefore we need to promote and educate many people about Bitcoin,
so Bitcoin can be even more popular, thus speeding up the adoption process.

Personally, I see no point in paying with bitcoins in a regular casino. I do not want to advertise myself or my bitcoin wallets. It is much easier for me to buy chips with any fiat currency.
On gambling sites it is very convenient and much more profitable to accept bitcoins for payment than to receive payment with bank cards, because in this case the casino will not pay the bank for transactions.
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November 11, 2020, 11:55:59 PM
 #80

Volatility, confirmation time and fees are three of the issues that needs to address first if casinos will accept Bitcoin as one of their option, unless these three issues are addressed I don't think the casinos will integrate it, but we never know three years from now if they will have a system that will fix all these issues.


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November 12, 2020, 07:36:46 AM
 #81

Suppose you are referring that we can bet using bitcoin in a real-life casino. I think it will be unlikely to happen because others still find it convenient to use fiat currency in making purchases or bet using physical money. After all, you just need to hand them over the money. However, it will be useful to buy chips using bitcoin and other cryptocurrencies; the only problem is paying a high transaction fee, and you need to have a good internet connection to complete your transaction. It is why betting using bitcoin and other cryptocurrencies is only suitable in online casinos; after all, bitcoin is made for online transactions.

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November 12, 2020, 09:47:18 AM
 #82

Well, it is the same with everything else if you ask me. How long until you can go shop with crypto? You can do it in some places and can't do it in other places, it is accepted in some shops and it is not in some shops. So, what you need to have for this to work; a place where gambling is legal, a place where crypto is legal, a place that accepts bitcoin payments, a law that allows crypto to be paid in casinos to buy chips.

When you get all of this you are free to do whatever you want, but same logic applies to every product, like for coffee you need a place where crypto is legal, and a place where bitcoin is accepted that sells coffee, only difference here is that you need to have gambling legal there which is not legal everywhere and you would have the same result.

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November 12, 2020, 10:28:18 AM
 #83

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?
I haven't heard any but if there is a casino existing like that I am pretty sure they were only numbered. Currently there a lot of businesses are now going to accept Bitcoin and other cryptos so I am pretty sure that sooner or later physical casino will consider accepting Bitcoin as a bet, maybe after the pandemic.

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?
I think mass adoption of cryptocurrencies will happen sooner or later so it will not be limited to online websites, take other big companies for example.

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
We cannot technically tell the exact date when will be that happens but looking at the rate of adoption right now, I am pretty sure that it's near.



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November 12, 2020, 10:48:16 AM
 #84

Volatility, confirmation time and fees are three of the issues that needs to address first if casinos will accept Bitcoin as one of their option, unless these three issues are addressed I don't think the casinos will integrate it, but we never know three years from now if they will have a system that will fix all these issues.

I don't think volatility will be a problem here. I see confirmation time and the fees as an issue but in terms of volatility, no because since they've accepted bitcoin, they already know that it is volatile and they are ready for that. They could just base the exchange rate of it on other exchanges and work with it as they go.

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November 12, 2020, 11:06:13 AM
 #85

I do think the most possible thing to happen in real life casino is that the casino accepts bitcoin as payment method only (to buy/sell the physical chips). Casinos will still using chips with fiat value instead of bitcoin as it will be easier for both casino and players to manage their bankroll. In my case, I can gamble with bitcoin in online casinos is a great opportunity already since I wont be able to gamble in real life casino as it is something prohibited in my country.

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November 12, 2020, 11:21:26 AM
 #86

Not sooner because gambling is comfortable on fiat and chips, don't fix if it ain't broken if a holder of Bitcoin wants to pay on gambling casinos he can always trade his Bitcoin to fiat and buy chips, the confirmation time and fees are the two big issues if they can solve this, then hey can think of incorporating Bitcoin to their system but right now, it's far fetched.
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November 12, 2020, 11:31:27 AM
 #87

In theory it should not be long.When Bitcoin ATM-s will be as standard as bank ATM-s that will be the moment when we can play with crypto in real physical casinos.This is critical that Bitcoin ATM-s become standard or at least in big casinos so we can use crypto in those casinos.

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November 12, 2020, 11:33:06 AM
 #88

Not sooner because gambling is comfortable on fiat and chips, don't fix if it ain't broken if a holder of Bitcoin wants to pay on gambling casinos he can always trade his Bitcoin to fiat and buy chips, the confirmation time and fees are the two big issues if they can solve this, then hey can think of incorporating Bitcoin to their system but right now, it's far fetched.
As we are seeing, bitcoin is more applicable in online betting, real life casinos do use fiat as it's easier to use and less volatile. We who are gambling online using bitcoin are not only gambling with the games we are playing, but also on the price volatility of bitcoin, not most gamblers would want that.

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November 12, 2020, 11:50:49 AM
 #89

To be honest, it is easier to buy chips using fiat to play gambling in real life casinos than having to pay with Bitcoin.
Moreover, using Bitcoin still has several obstacles, such as volatility and high transaction fees. Therefore, it is unlikely
that real-life casinos will accept Bitcoin payments, in my opinion Bitcoin is more suitable for online casinos.

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November 12, 2020, 11:59:01 AM
 #90

What do you think?
About how long?then it will take even longer because people tend to uSe bitcoin in online as safer and secure.
at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?
how i wish it is easy as that,But it is not mate.
do you think it will become a mass adoption currency or it'll keep as it is on online websites only?
Each Countries has their Own policies and treatment regarding casino houses so thinking that there will
be Mass adoption?no i don't think so.
of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Merchant are accepting bitcoin or other currencies because they just only need to scan your code or send from wallet to wallet,
but what about in betting?how can you just use your crypto in wallet just like that?









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November 12, 2020, 12:14:48 PM
 #91

Not sooner because gambling is comfortable on fiat and chips, don't fix if it ain't broken if a holder of Bitcoin wants to pay on gambling casinos he can always trade his Bitcoin to fiat and buy chips, the confirmation time and fees are the two big issues if they can solve this, then hey can think of incorporating Bitcoin to their system but right now, it's far fetched.
As we are seeing, bitcoin is more applicable in online betting, real life casinos do use fiat as it's easier to use and less volatile. We who are gambling online using bitcoin are not only gambling with the games we are playing, but also on the price volatility of bitcoin, not most gamblers would want that.

Not all gamblers are willing to take such risk, those who are using fiat will keep it that way as they are not playing against the value of their money, fiat and just fiat unlike with bitcoin where volatilities also at risk.

For now, those who wants to play in a landbase casinos needs to convert there bitcoin to fiat and start enjoying your game, but who knows in the next few more months or years application will be presented and landbase casino owners start to embrace this system.

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November 12, 2020, 12:28:12 PM
 #92

Depend when your government allow to use bitcoin as legal currency payment transaction, I think all casino will accept bitcoin for betting after government legal using bitcoin as currency, or casino owner will give service for bitcoin member to use bitcoin as betting salary. So far still not have casino where accept bitcoin as payment for betting and not give space for bitcoin become legal in casino before government allow for using bitcoin. Now looking with Casino place which one will accept using bitcoin because look easy when payment transaction by using bitcoin or using altcoin.

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November 12, 2020, 01:37:39 PM
 #93

Just wait and maybe after few years many casinos will accept bitcoin and a player can bet this coin to he real casino and it will help them ro have more players. Because players online who use bitcoin possible will play to their casino so it is a win win situation for the owners so for sure they will do that but I think we need to wait and for sure mass adoption will happen to the bitcoin in the next few years.
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November 12, 2020, 01:56:42 PM
 #94

Just wait and maybe after few years many casinos will accept bitcoin and a player can bet this coin to he real casino and it will help them ro have more players. Because players online who use bitcoin possible will play to their casino so it is a win win situation for the owners so for sure they will do that but I think we need to wait and for sure mass adoption will happen to the bitcoin in the next few years.
Yes it will not take so long before they will accept bitcoin and other altcoins as their mode of payment, I think every business knows this and they have a plan to make some innovations to their business that possibly can bring them new people and new gamblers in the future. There is no difference at all, just a minor adjustment in terms of volatility and supply. Maybe 2 years from now , we can see bitcoin in real life casinos.
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November 12, 2020, 02:05:58 PM
 #95

<snip..>

Online gambling platforms already offer cryptocurrencies as a payment; I really do not see the need for physical casinos to accept bitcoin as payment but if the demand for it is high, then maybe they would consider it.

Just my opinion, I find gambling using bitcoins as a waste. Bitcoins are precious resources that has the potential to double-triple its price in the unforeseeable future. As a metaphor, it is like your gambling away your stocks in casinos that have a very unreliable chance for you to win. Though if you are that eager to gamble, then again, I would not judge your choices.


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November 12, 2020, 02:17:10 PM
 #96

To be honest I don't see any need to be able to use Bitcoin or other crypto in real life casinos. That is why we have online casinos and it's kind of natural for them to accept Bitcoin. On the other hand for real life casinos that is still too big risk with lot of complications so I don't think they will make that move soon and it's really not necessary.

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November 12, 2020, 02:24:09 PM
 #97

<snip..>

Online gambling platforms already offer cryptocurrencies as a payment; I really do not see the need for physical casinos to accept bitcoin as payment but if the demand for it is high, then maybe they would consider it.

Just my opinion, I find gambling using bitcoins as a waste. Bitcoins are precious resources that has the potential to double-triple its price in the unforeseeable future. As a metaphor, it is like your gambling away your stocks in casinos that have a very unreliable chance for you to win. Though if you are that eager to gamble, then again, I would not judge your choices.


Well, gambling is also considered an art and one gambling is one of the precious activity to the life of a gambler. Actually, using bitcoin in a gambling is a big help. If you want to be anonymously without also getting notice to get into bigger bets by those chips around that are visible. This is why other gambling casino are using online betting through a digital currency controlled by a private key but it is not cryptocurrency. It was I think an upgrade of old casino platform like from traditional casino to e-casino.
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November 12, 2020, 10:36:16 PM
 #98

If they don't want to lose their gamblers then they should adopt the changes and go online since if they will wait for everything to get normal for sure there gamblers already find a place where they enjoy playing. But I don't think all will settled to play on online casinos once it will introduced to them since for sure many will still prefer to go on offline casino once everything is normal since the enjoyment and gameplay are different if we play physically.

Yeah, I think so.
They need to adaptive with this pandemic.
They should have an online platform too to survive.

With a proper rules and preparation i think this confirmation time problem could be solved.
I mean there is third party service that can analyzed whether the transaction is safe from double spending pr any other malicious transactions etc , so it is something could be done.
Another possibility is by exchange your money with a chip worth of 1mbtc each for example , with this way you dont have to wait while making bets.
So by the end of the day when you try to cashout it is all in bitcoin .
Would be fun surely!

Yes, that is what I said before.
Accepting bitcoin as a payment for their token/chips to play in the casino.
Because players dont want to spend more time to just place a quick playing bet.
Let say, slots game. You will need to play it quick and usually multiple times, paying with “online money” would be  terrible, unlesh the slots machine has a deposit mechanism.
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November 12, 2020, 11:54:28 PM
 #99

First of all every country hasn't given access for the bitcoin access as well as for gambling. By this time talking about bitcoin into real life casinos has nothing to do. Maybe if the government is supportive then the casino owners can take necessary steps for the usage of bitcoin and give access to the gamblers.

In real life casinos we can see everyone are quite busy and keeps on staking and changing decisions. When one does this through bitcoin there is possible chances of delay due to the transaction congestion/confirmation. This will affect the gamblers mood, so various factors need to be considered before taking it to implementation.

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November 13, 2020, 01:09:45 AM
 #100

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

With how the transaction going on, I don't think it can be done  at this point in time, I would like one day to walk in a physical casino and use my Bitcoin to play slot or any games in Casinos but I cannot wait at least 30 minutes before I can make a bet,  I am ok as long as there are ATM on every gambling casinos so I can exchange my Bitcoin to fiat and buy chips.

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November 13, 2020, 01:35:50 AM
 #101

It will be a good move for Bitcoin when the service will live for all the casinos. The participants will be increased I believe. Casino will arrange Bitcoin ATM system then the transaction will be smooth. I prefer to use Btc rather than other currency. If there has already then it can be followed by others.

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November 13, 2020, 02:53:16 AM
 #102

I'm not sure if that gonna be happening because most casinos are using chips instead of having fiat on the table, the same thing we do with Bitcoin for gambling. It is not important if we gamble with real Bitcoin or not, it is all about security, and casinos implied such a thing for the benefits of the gambler unless if it is allowed to use real money.

However, Bitcoin hasn't printed just like fiat money, and even we like to use it in gambling offline with real Bitcoin but that seems impossible if we don't have any of them.



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November 13, 2020, 03:04:50 AM
 #103

Betting on bitcoin in real life casinos will increase the demand for bitcoin but it is almost impossible because there are no opportunities to use bitcoin directly in casinos all over the world this is possible in the case of currency or fiat currency. Most gamblers feel comfortable playing with cash it's not a big deal to bet with any currency you have to decide how to play if you have good skills about gambling you can make a profit whether you play with fiat or bitcoin research the sites before participating.
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November 13, 2020, 03:20:50 AM
 #104

It will be a good move for Bitcoin when the service will live for all the casinos. The participants will be increased I believe. Casino will arrange Bitcoin ATM system then the transaction will be smooth. I prefer to use Btc rather than other currency. If there has already then it can be followed by others.
Maybe the casino needs to prepare many things before using bitcoin as the payment system or using bitcoin to place the bets, including asking permission from the government to use bitcoin. The government regulation will be created related to bitcoin or altcoin in the casino, so the casino can use it without worry if they will break the regulations.

If the Bitcoin ATM is available on the casino, it will help the gambler convert their fiat money into bitcoin, and they can send it into their account. But I wonder how it can be applied in the offline casino since the casino uses a coin to place the bet.

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November 13, 2020, 03:35:32 AM
 #105

It might be close, you never know right?

Since Paypal accepted Bitcoin, I think there are a lot of stores or platforms that are influenced or thinking of accepting it. Casinos might be included at that since physical cash is quite concerning this time of pandemic. I think 2 or 3 years, there will be a lot of landbased casinos accepting cryptocurrencies, the same with other platforms.
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November 13, 2020, 07:41:13 AM
 #106



Betting BTC online to a real-life casino seem a good way to finally stay away from BTC grabbing crypto casino. A real-life casino seems a fairer place to play.

Do you guys think there will be a real life casino that will release chips with 1 satoshi on it? It might just be a good promo for this traditional casino.

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November 13, 2020, 09:01:21 AM
 #107

That's really great idea to have some real life casino and use Bitcoin at the same time but I was thinking how are you going to implement that? I was thinking of Depositing Bitcoin and get physical chips, do you think something like that would work?
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November 13, 2020, 09:28:22 AM
 #108

~

Hey Betwrong, let's make a little discussion here... Smiley

Hey, @iv4n! Let's do it. Smiley

Now you missed the part of my comment where I said that you have crypto casinos (roobet and betnomi) where you don't play directly with bitcoins?! Isn't that the same case? Casinos have obligations and regulations depending on where they operate, simply in Vegas you can buy chips in the casino and to gamble with chips (at least I imagine it like that, I never been there Smiley), and maybe you can even cash out in bitcoin?! Maybe someone can clear this up for us?!
Anyway what's the difference between above mentioned casinos, and any casino in Vegas? Where you deposit bitcoin that are exchanged for dollars and you play with dollars?

No, I didn't miss that part of your comment. I just think that roobet and betnomi are state-of-the-art companies, possessing progressive thinking, and that's why it is easy to deposit BTC to their sites, and immediately start playing with fiat, as if it were fiat that you deposited. And, yeah, you surely can cash out in BTC there. The difference between them and some Vegas casinos, where you can use ATM(be prepared for very disadvantageous rate) for exchanging BTC to fiat, and only then buy casino chips with fiat, is like the difference between those who are moving forward into the future and those who stuck in the past.

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November 13, 2020, 09:51:48 AM
 #109

I don't see any significance and big chances if ever physical casinos will consider adding bitcoin payment.

There should be a designated bitcoin physical casino meant rather an integration with phyiscal casino. But if such case that isn't possible, the best and convenient way could be bitcoin should be consider used on physical casino's designated online website casino.
Actually with the news of PayPal accepting bitcoins and such things happening there is a decent chance that in coming years the real casinos that accept online payments might actually accept bitcoins for playing. There is no real way to do it right now because we are still in baby steps and to think of walking into a casino and paying with BTC is still a day dream.

Volatility, confirmation time and fees are three of the issues that needs to address first if casinos will accept Bitcoin as one of their option, unless these three issues are addressed I don't think the casinos will integrate it, but we never know three years from now if they will have a system that will fix all these issues.
How about if PayPal allows users to send and receive bitcoins? I mean that can solve the problem to a large extent because the transaction then happens only virtually not really and you can load funds earlier and then you can spend like a king as you do with USD when you load them into your account on Paypal.
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November 13, 2020, 10:03:32 AM
 #110

I've seen a couple of casinos (news about it, at least), that allowed cashless payments recently. So at least the move towards digital payments is happening due to the pandemic. However, I believe these did not accept cryptocurrencies, it was about fiat in digital form, so I am not sure this move towards digitalization is helping Bitcoin adoption.
Some people pointed on in the thread that there are already physical casinos that accept Bitcoin, but I'm wondering if there's an upward trend in casinos adopting Bitcoin during the pandemic or not. In any case, I don't understand why people choose land-based casinos when they can gamble safely from home, so maybe the trend will be land-based casinos going away rather than accepting Bitcoin.

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November 13, 2020, 10:04:05 AM
 #111

how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

I don't see any significance and big chances if ever physical casinos will consider adding bitcoin payment.
Of course there is significance and chances,But first Casino operators must see the desire and volume of those gamblers that wanted to have this one,because if the demand is little then maybe this will take another long years to happen.
Quote
There should be a designated bitcoin physical casino meant rather an integration with phyiscal casino. But if such case that isn't possible, the best and convenient way could be bitcoin should be consider used on physical casino's designated online website casino.
actually what only needs to have is that Casino houses will at least create a machinery that can read our wallet to be used in Physical casino?something like swiping machine or scanning machines?

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November 13, 2020, 10:44:59 AM
 #112

I'm not sure if that gonna be happening because most casinos are using chips instead of having fiat on the table, the same thing we do with Bitcoin for gambling. It is not important if we gamble with real Bitcoin or not, it is all about security, and casinos implied such a thing for the benefits of the gambler unless if it is allowed to use real money.

However, Bitcoin hasn't printed just like fiat money, and even we like to use it in gambling offline with real Bitcoin but that seems impossible if we don't have any of them.

I don't think that specific issue that you mentioned is going to be a problem at all, in real casinos you pay them fiat and get chips in return and you could do the same thing with bitcoin and I don't see any problem here at all.

You just send bitcoin to their address and you will get chips in return and after you're done with gambling and you want to leave then you just give them your chips and they can just easily send you the equivalent of your chips value in Bitcoin, some basic things should change in regards of payment and how casino cashier works but that's about it and it can be easily implemented.
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November 13, 2020, 10:54:52 AM
 #113

I'm not sure if that gonna be happening because most casinos are using chips instead of having fiat on the table, the same thing we do with Bitcoin for gambling. It is not important if we gamble with real Bitcoin or not, it is all about security, and casinos implied such a thing for the benefits of the gambler unless if it is allowed to use real money.

However, Bitcoin hasn't printed just like fiat money, and even we like to use it in gambling offline with real Bitcoin but that seems impossible if we don't have any of them.

I don't think that specific issue that you mentioned is going to be a problem at all, in real casinos you pay them fiat and get chips in return and you could do the same thing with bitcoin and I don't see any problem here at all.
Nah that is not the point about OP,that your crypto will be in exchange to Casino crips,instead it is literal Betting using our crypto so it means there must be a specially created machine to read the wallet address maybe?
You just send bitcoin to their address and you will get chips in return and after you're done with gambling and you want to leave then you just give them your chips and they can just easily send you the equivalent of your chips value in Bitcoin, some basic things should change in regards of payment and how casino cashier works but that's about it and it can be easily implemented.
If that is the case,i believe that there are already same thing happening in Las vegas if i am not mistaken,(correct me if i'm wrong) and also there are many Bitcoin ATM machine around that area so there is no need for Fiat.

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November 13, 2020, 11:14:11 AM
 #114

To be honest with you, I don't really want to sound pessimistic and all, but what you are wishing for will take a long time to happen and it will take lots of changes in the gambling industry for it to be fulfilled. I mean you are talking about bitcoin being used in physical casinos and not just online casinos but physical ones with buildings and all. I don't think the owners of these casinos would be ready for that. Need some additional stuff to make it happen like computer experts and others. Too early to adopt I should say.

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November 13, 2020, 11:20:55 AM
 #115

I've seen a couple of casinos (news about it, at least), that allowed cashless payments recently. So at least the move towards digital payments is happening due to the pandemic. However, I believe these did not accept cryptocurrencies, it was about fiat in digital form, so I am not sure this move towards digitalization is helping Bitcoin adoption.
Some people pointed on in the thread that there are already physical casinos that accept Bitcoin, but I'm wondering if there's an upward trend in casinos adopting Bitcoin during the pandemic or not. In any case, I don't understand why people choose land-based casinos when they can gamble safely from home, so maybe the trend will be land-based casinos going away rather than accepting Bitcoin.

In my country all the casino are closed at the moment. They will likely open next year again if the lockdown is being continued. So far the gamblers still need to pay with FIAT currency, you can pay with a master or visa card, so no need to bring cash. But unfortunately no crypto currencies are allowed. In my opinion this year pandemic changed the landscape a lot. Many new online casinos came out and a lot of people switched from the physical casinos to online casinos. If the physical casinos want to retake their market share after the lockdown they should accept crypto currencies.
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November 13, 2020, 11:42:29 AM
 #116

If the physical casinos want to retake their market share after the lockdown they should accept crypto currencies.

Well, I guess we can say that they have their reason why they are not accepting bitcoin. If there are a lot of gamblers in their casino that wanted to use crypto currency or just bitcoin, they would ask or maybe consider accepting it. I think they are not actually competing with the online casinos since it is already popular before this pandemic, it is just exploded in this pandemic since most of us are scared to go outside.

It is not that easy to retake their market share, especially in this situation. They'll accept what they are getting and they can't do anything about it since we have a pandemic.

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November 13, 2020, 11:45:57 AM
 #117

I'm not sure if that gonna be happening because most casinos are using chips instead of having fiat on the table, the same thing we do with Bitcoin for gambling. It is not important if we gamble with real Bitcoin or not, it is all about security, and casinos implied such a thing for the benefits of the gambler unless if it is allowed to use real money.

However, Bitcoin hasn't printed just like fiat money, and even we like to use it in gambling offline with real Bitcoin but that seems impossible if we don't have any of them.

I don't think that specific issue that you mentioned is going to be a problem at all, in real casinos you pay them fiat and get chips in return and you could do the same thing with bitcoin and I don't see any problem here at all.

You just send bitcoin to their address and you will get chips in return and after you're done with gambling and you want to leave then you just give them your chips and they can just easily send you the equivalent of your chips value in Bitcoin, some basic things should change in regards of payment and how casino cashier works but that's about it and it can be easily implemented.

Bitcoin already have it's identity and have it's value.

Same thing with what you have said, you can buy chips using bitcoin and recieve it with the current value in fiat. I aslo don't see any problem with that, if land base casino implement options for bitcoin  payment then it will proceed. It's a matter of understanding, after
that adoption will take place.
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November 13, 2020, 03:54:50 PM
 #118

That's really great idea to have some real life casino and use Bitcoin at the same time but I was thinking how are you going to implement that? I was thinking of Depositing Bitcoin and get physical chips, do you think something like that would work?
It is like with centralised digital currencies. Some casinos are allowing the use of digital currencies as deposits to the chips perhaps, so probably same thing would happen to Bitcoin and other cryptos if that so. It is indeed a good idea but how will regulation take place? Taxation and such as well as rates of exchange in those casinos? there are many factors to consider and I see this as something futuristic regarding this industry. At this moment, I don't know if there are existing real time casinos accepting cryptos as mode of payment. Even on services; mostly are not into adoption of this technology, further development might also work with this case.

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November 13, 2020, 04:37:27 PM
 #119

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Elwar said there will be casinos on his boat, so since everything will be payable in Bitcoin and altcoins on his boat, I assume casinos games will be also available with cryptos.
https://bitcointalk.org/index.php?topic=5281589

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November 13, 2020, 07:16:42 PM
 #120

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.
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November 13, 2020, 07:43:25 PM
 #121

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
As far as I know, there are some physical casinos that does accept some crypto currencies for playing in slots or few other games. At least over here. I have also heard that there are casinos where you can directly exchange bitcoin or crypto currencies for playing chips that you can use it for gambling inside the casino.
I wonder how they work. What if the network is under high load and there are lots of unconfirmed transaction? Do they wait for confirmation? Then again, I guess they pay the highest fee since highly likely they are able to afford it.
But yeah, it won't become mainstream. At least for the next few years. Things would become too much complicated for them.

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November 13, 2020, 09:16:11 PM
 #122

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.
This factor is one reason why real physical casinos won't allow bitcoin to be accepted. But, nothing stops them from adopting it too. If a casino owner starts to invest in bitcoin, acceptance could come. That's one way for a real-life casino to start accepting bitcoin. Another is when a loyal big-time customer suggests it and they will consider it. They might apply it to the only requesting person from the beginning and eventually will allow others to do the same.

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November 13, 2020, 09:21:09 PM
 #123

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.
This factor is one reason why real physical casinos won't allow bitcoin to be accepted. But, nothing stops them from adopting it too. If a casino owner starts to invest in bitcoin, acceptance could come. That's one way for a real-life casino to start accepting bitcoin. Another is when a loyal big-time customer suggests it and they will consider it. They might apply it to the only requesting person from the beginning and eventually will allow others to do the same.
The pandemic already made huge damages for the casino business and they might open up new option to make things work and with the cryptocurrency market looking to go higher and bitcoin is rallying and the speculation of the price reaching another all time high valuation you never know what will happen, the casinos might start accepting bitcoin to attract the new cryptocurrency millionaires Wink.
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November 13, 2020, 09:42:57 PM
 #124

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.

And most gamblers at land-based casinos won't really take that bitcoin payment as a special thing if ever implemented.

They will still use their fiat or credit card to purchase chips on that casino.

But still, a good way to spread words about bitcoin especially at land-based casinos as most of people aren't aware of what bitcoin is.
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November 13, 2020, 10:17:25 PM
 #125

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

Complicated question because of few points:

1. for such things there need top level of adoption, because casinos paying taxes it will be needed for bitcoin to be highly adopted by government. I don't want such thing.

2. This is not comfortable, unless you're using Lightning Network.

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November 13, 2020, 10:32:16 PM
 #126

Can't tell it this time, we are still far into huge crypto market adoption where the use of Bitcoin is still limited in some areas. Yeah, it can be happening soon, but that soon will be a bit longer than we expected, and until such a time that Bitcoin ATM is widely spread in all casinos. If the moment that was already available, gamblers will surely have to try it and conveniently using it.

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November 13, 2020, 10:32:46 PM
 #127

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

We can't say it for now,

But I think this is possible for crypto users like us, for non-crypto users, it will be hard to convince them because they might decline due to its volatility. There are lots of things to consider first before we can use bitcoin in real life casinos, but for now it will keep on online websites only.


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November 13, 2020, 10:39:46 PM
 #128

I think bitcoin is really suitable for online gambling, most gambler will only use it for online gambling only. For those who like gambling to come to the place they will only use money fiat to do so. Because they will think, he has to spend money to buy bitcoin first and walk to the gambling place and he will about fee that will charge and it is quite annoying. Different with money fiat, they don't need to buy anything just come to the gambling place and exchange their money to the chip and then he can play at that time.
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November 13, 2020, 10:46:46 PM
 #129

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.
This factor is one reason why real physical casinos won't allow bitcoin to be accepted. But, nothing stops them from adopting it too. If a casino owner starts to invest in bitcoin, acceptance could come. That's one way for a real-life casino to start accepting bitcoin. Another is when a loyal big-time customer suggests it and they will consider it. They might apply it to the only requesting person from the beginning and eventually will allow others to do the same.

I think the main reason why regular casinos don't sell their chips for Bitcoins is primarily the legal prohibitions of the countries where they are located.
The second reason is probably that paying with a Bitcoin wouldn't be in great demand because it's inconvenient and takes much longer than paying with a regular fiat.
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November 13, 2020, 10:53:42 PM
Last edit: November 13, 2020, 11:18:50 PM by Saint-loup
 #130

The second reason is probably that paying with a Bitcoin wouldn't be in great demand because it's inconvenient and takes much longer than paying with a regular fiat.
Several cryptos are very fast for transactions, moreover Lightning Network allows instant transactions, so I don't think it's the main issue. Concerns are certainly more about AML regulations IMO

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November 13, 2020, 11:07:20 PM
 #131

I think bitcoin is really suitable for online gambling, most gambler will only use it for online gambling only. For those who like gambling to come to the place they will only use money fiat to do so. Because they will think, he has to spend money to buy bitcoin first and walk to the gambling place and he will about fee that will charge and it is quite annoying. Different with money fiat, they don't need to buy anything just come to the gambling place and exchange their money to the chip and then he can play at that time.

But what is the difference between that to online casinos? That is the same, right? If you want to go to an online casino to do some bets, you need to transact money from that site, right? That also will be having these transaction fees, the best approach here is for these banks to have these separate wallets of gamblers so they can just transact once and left some bitcoins they can use next time, right? But I don't think most of us would like that.

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November 13, 2020, 11:15:52 PM
 #132

[snip]
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Well for me, there is no difference if you will bet online and bet in a real casino [offline], they are the same gambling even though there are pros and cons between them. I am contented as of now to bet online without a real casino and bitcoin payment or use in gambling is very appropriate in online gambling businesses. However, I don't know how the process of using bitcoin in an offline casino, --perhaps, the lightning network will help for microtransaction but I don't know how long it will be confirmed since it is still a low fee.









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November 13, 2020, 11:19:36 PM
 #133

I do not anticipate that we will soon have physical bitcoin gambling. See it for yourself. Lack of technologies, Government regulations, slow transactions are all the bad factors stop us from opening a real casino using bitcoin.

However, I have heard that some casinos allowing gambler to buy chips with bitcoin. It is a great news. But we need to walk thousands more steps so as to fully implement this innovation. Moreover, many places not even accept gambling. People have to move to other locations in order to participate in real life casino which is less convenient than Internet gambling. So current situation is chill enough for me. Dont expect too much on the government or any physical casinos to accept new payment methods
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November 13, 2020, 11:21:13 PM
 #134

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.

They can choose bitcoin if they know how to handle its volatility, there's always a stable coin, they can convert that once they receive it.

Bitcoin gives advantage to a casinos as it will attract foreign gamblers which they don't have to convert their fiat to a local fiat which would only reduce the value, and at the same time, convenience since they don't need to bring big money while going into casino, and bitcoin doesn't need any verification when doing an online transaction, as long as the fee is right, that btc will sink into the casino's wallet immediately.

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November 13, 2020, 11:28:07 PM
 #135

The second reason is probably that paying with a Bitcoin wouldn't be in great demand because it's inconvenient and takes much longer than paying with a regular fiat.
Several cryptos are very fast for transactions, moreover Lightning Network allows instant transactions, so I don't think it's the main issue. Concerns are certainly more about AML regulations IMO

That is why I wrote that this is the second cause. However, it happens to be. How many ordinary casino visitors have heard about Bitcoin? How many have used it, how many people from them will want to create their own lightning node? Chips in casinos can be bought for fiat currency much easier and faster.
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November 13, 2020, 11:57:51 PM
 #136

I doubt it will be possible for the next few years, maybe the BTC accepted ATM machines will be a temporary solution. The world is not ready for full mass adoption, so it will take time to reach the desired level of adoption. Land-based casinos have made several partnerships with the crypto projects that combine both fiat and crypto payment gateways but none of these partnerships has changed the attitude, unfortunately.

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November 14, 2020, 01:21:37 AM
 #137

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.

That would be the case too.

They could just make their own coin that is based on USD, a digital currency that is centralized and can be exchanged or bought using the gambler's Bitcoin. I think they would accept Bitcoin but I don't think that it would be that easy. Another thing is that these casinos might walk some regulations about these cryptocurrencies before they even consider it.
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November 14, 2020, 02:00:35 AM
 #138

There are too many obstacles in my opinion for real life casinos to accept Bitcoin, especially for waiting for transaction confirmation
which sometimes takes a long time. Therefore only a few real-life casinos accept Bitcoin as payment, and there are still many people
who don't know Bitcoin. At least now Bitcoin should be used for online casinos. If I play gambling in real life casinos, I will also prefer
to use fiat currency, because it is simpler and faster.

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November 14, 2020, 02:54:39 AM
 #139

I doubt it will be possible for the next few years, maybe the BTC accepted ATM machines will be a temporary solution. The world is not ready for full mass adoption, so it will take time to reach the desired level of adoption. Land-based casinos have made several partnerships with the crypto projects that combine both fiat and crypto payment gateways but none of these partnerships has changed the attitude, unfortunately.
Let us give more time for bitcoin to be accepted in the casino. I don't know what regulation to install the ATM machines in every country because it will differentiate between countries. The world itself still suffers from anticipating the covid virus, which doesn't know when it will end, and all governments still struggle to find the vaccine/antidote. Giving them time to the land-based casino can help them solve their problem in this pandemic because they need to get their members back first before they promote the other thing.

If everything can be normal as usual, the casino will slowly take a chance to apply the crypto or integrate its system with the crypto to give a new experience to its members. After that, we might see a growth in the crypto adoption process in many places.

.
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November 14, 2020, 03:10:25 AM
 #140

There are too many obstacles in my opinion for real life casinos to accept Bitcoin, especially for waiting for transaction confirmation
which sometimes takes a long time.
That is one factor in which may deliver delays in our playing time,So i think this will hinder this to be implemented.

. Therefore only a few real-life casinos accept Bitcoin as payment, and there are still many people
who don't know Bitcoin.
And i think instead of accepting Bitcoin or even other crypto altcoins in Gambling casinos then why not just Put Crypto ATM machines inside casino houses.
At least now Bitcoin should be used for online casinos. If I play gambling in real life casinos, I will also prefer
to use fiat currency, because it is simpler and faster.
And not volatile,because what if that very moment that we wanna play is the market go Bullying and the prices increased more than 100% ,why risk the growing value when you can just use Fiat.









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November 14, 2020, 04:03:19 AM
 #141

I doubt it will be possible for the next few years, maybe the BTC accepted ATM machines will be a temporary solution. The world is not ready for full mass adoption, so it will take time to reach the desired level of adoption. Land-based casinos have made several partnerships with the crypto projects that combine both fiat and crypto payment gateways but none of these partnerships has changed the attitude, unfortunately.
Let us give more time for bitcoin to be accepted in the casino. I don't know what regulation to install the ATM machines in every country because it will differentiate between countries. The world itself still suffers from anticipating the covid virus, which doesn't know when it will end, and all governments still struggle to find the vaccine/antidote. Giving them time to the land-based casino can help them solve their problem in this pandemic because they need to get their members back first before they promote the other thing.

If everything can be normal as usual, the casino will slowly take a chance to apply the crypto or integrate its system with the crypto to give a new experience to its members. After that, we might see a growth in the crypto adoption process in many places.
I think the spread of the Covid 19 virus is from the touch that occurs, therefore to avoid direct contact with humans, bitcoin ATMs can use a voice system and scan QR codes, including for casino gambling by means of QR scans and the sound system, the machine will hear the sound "Yes / No" to make transactions so that it will reduce the spread of covid 19.

For regulatory rules, Bitcoin ATMs should not need such regulations because from the very beginning, the creation of bitcoin stated that bitcoin could not be controlled by anything so that from that understanding, bitcoin should not need regulation.

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November 14, 2020, 08:06:54 AM
 #142

I doubt it will be possible for the next few years, maybe the BTC accepted ATM machines will be a temporary solution. The world is not ready for full mass adoption, so it will take time to reach the desired level of adoption. Land-based casinos have made several partnerships with the crypto projects that combine both fiat and crypto payment gateways but none of these partnerships has changed the attitude, unfortunately.
Let us give more time for bitcoin to be accepted in the casino. I don't know what regulation to install the ATM machines in every country because it will differentiate between countries. The world itself still suffers from anticipating the covid virus, which doesn't know when it will end, and all governments still struggle to find the vaccine/antidote. Giving them time to the land-based casino can help them solve their problem in this pandemic because they need to get their members back first before they promote the other thing.

If everything can be normal as usual, the casino will slowly take a chance to apply the crypto or integrate its system with the crypto to give a new experience to its members. After that, we might see a growth in the crypto adoption process in many places.
I think the spread of the Covid 19 virus is from the touch that occurs, therefore to avoid direct contact with humans, bitcoin ATMs can use a voice system and scan QR codes, including for casino gambling by means of QR scans and the sound system, the machine will hear the sound "Yes / No" to make transactions so that it will reduce the spread of covid 19.

For regulatory rules, Bitcoin ATMs should not need such regulations because from the very beginning, the creation of bitcoin stated that bitcoin could not be controlled by anything so that from that understanding, bitcoin should not need regulation.
I think the technology for bitcoin ATM using the voice system is not ready yet because that needs more development. But I don't know if the ATM already uses that feature to minimize user contact by touching the ATM. If that is available, that can help spread from touching something, and if many local stores can use the digital payment, that really helps us reduce the new case.

I don't know about regulations for bitcoin ATM because if one country doesn't allow the use of crypto, I think the provider needs to ask the government about installing the bitcoin ATM in one place. If no need to have regulations, I think the provider can ask for the local store or local merchant to install the ATM in their place.

.
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November 14, 2020, 09:07:50 AM
 #143

Betting with bitcoin in real-life casinos is still rare, even in some countries that legalize bitcoin. 
It seems that for now, that desire will be difficult to realize because of the pandemic. People don’t want to go out of the house to see anyone.
While most people are now happier online, especially for gambling, gamblers feel safer if they gamble online using bitcoin and other cryptos.
The place of gambling in actual life, even many are closed because of the quiet visitors. Gambling business owners prefer to open their businesses online using bitcoin.

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November 14, 2020, 09:14:00 AM
 #144

I think Bitcoin only fits for online casinos not unless if you cash-in it for casino chips. I don’t think that real Casino gamblers will adopt Bitcoin in their gambling lifestyle due to its volatility and they might prefer to use fiat because its more stable or stable coin will do too.
This factor is one reason why real physical casinos won't allow bitcoin to be accepted. But, nothing stops them from adopting it too. If a casino owner starts to invest in bitcoin, acceptance could come. That's one way for a real-life casino to start accepting bitcoin. Another is when a loyal big-time customer suggests it and they will consider it. They might apply it to the only requesting person from the beginning and eventually will allow others to do the same.
The pandemic already made huge damages for the casino business and they might open up new option to make things work and with the cryptocurrency market looking to go higher and bitcoin is rallying and the speculation of the price reaching another all time high valuation you never know what will happen, the casinos might start accepting bitcoin to attract the new cryptocurrency millionaires Wink.
Yep, I agree we never know what will happen. It's on them if they want to accept bitcoin soon and to adopt a new setting for them to continue servicing their customers.

I think the main reason why regular casinos don't sell their chips for Bitcoins is primarily the legal prohibitions of the countries where they are located.
The second reason is probably that paying with a Bitcoin wouldn't be in great demand because it's inconvenient and takes much longer than paying with a regular fiat.
Valid reasons and those are true, I agree with those.

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November 14, 2020, 09:26:02 AM
 #145

For regulatory rules, Bitcoin ATMs should not need such regulations because from the very beginning, the creation of bitcoin stated that bitcoin could not be controlled by anything so that from that understanding, bitcoin should not need regulation.

Bitcoin itself does not require regulation other than the existing protocol in the bitcoin network, but for ATM machines that are used as containers, their existence must meet the requirements based on the regulations determined by each country. Because after all, a bitcoin atm that functions as a currency dealer or exchanger is considered a money services business, so it is necessary to register with the institution that oversees it.

For example in America, Bitcoin ATM is regulated and supervised by Fincen, so the service from the Bitcoin ATM machine needs to register with Fincen to be able to operate legally.

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November 14, 2020, 10:49:57 AM
 #146

For regulatory rules, Bitcoin ATMs should not need such regulations because from the very beginning, the creation of bitcoin stated that bitcoin could not be controlled by anything so that from that understanding, bitcoin should not need regulation.

Bitcoin itself does not require regulation other than the existing protocol in the bitcoin network, but for ATM machines that are used as containers, their existence must meet the requirements based on the regulations determined by each country. Because after all, a bitcoin atm that functions as a currency dealer or exchanger is considered a money services business, so it is necessary to register with the institution that oversees it.

For example in America, Bitcoin ATM is regulated and supervised by Fincen, so the service from the Bitcoin ATM machine needs to register with Fincen to be able to operate legally.

Most definitely, any business dealing with fiat exchange to any currency required permit from the government, in our country the permit is taken from the Central Bank, without it, an operator can't operate the business legally.

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November 14, 2020, 11:50:39 AM
 #147

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

This will only happen when crypto and bitcoin is 100% accepted everywhere. Fiat become obsolete and paper money is left with no value n just a piece of paper. That will be the time that we will see crypto currencies being used in all physical and online casinos and everywhere.
For this we might have to wait for a decade or more because this transition from fiat to crypto will not happen in a day.
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November 14, 2020, 12:42:27 PM
 #148

May be some of the countries where it is legal may encourage to have bitcoin as well as a payment, but not heard much about such casinos. 2021 may be the year where atleast some of casinos would start accepting bitcoin as well in the casinos and we all could use the bitcoin in real casinos as well rather than just fiat.

Let's just hope by 2021 they would consider adding this feature to physical casinos but until now I can't imagine how will casino will adopt the cryptocurrency to their games or such thing as poker or the slots plus the transaction fee and the volatility of the Bitcoin.

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November 14, 2020, 01:12:42 PM
 #149

As long as there are digital currency and  there is online casinos, we can bet our bitcoin. As long as they are supported by crypto banks then we will be able to bet with our own bitcoins. We can't predict how long we can use bitcoin in real life casinos because in the next 5 years or 10 years, many will change in terms of the rules and regulations of the casinos so we can't really give exact date when would it be.
May be some of the countries where it is legal may encourage to have bitcoin as well as a payment, but not heard much about such casinos. 2021 may be the year where atleast some of casinos would start accepting bitcoin as well in the casinos and we all could use the bitcoin in real casinos as well rather than just fiat.

Let's just hope by 2021 they would consider adding this feature to physical casinos but until now I can't imagine how will casino will adopt the cryptocurrency to their games or such thing as poker or the slots plus the transaction fee and the volatility of the Bitcoin.
There is a possibility that they will add this features on their physical casinos because as time passes by many people are getting knowledgeable about cryptocurrency and they are accepting it as a chips whenever they are playing casino games just like baccarats and dices, but let's just hope that it will be add as an features of an physical casino.



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November 14, 2020, 01:32:53 PM
 #150

Due to the fact that casinos aren't allowed in Brazil, I haven't desire to see physical casinos accepting bitcoins while I can play it online.

Of course, the thrill of betting on a fruit-machine or texas hold'em table is unmatched by any online experience, but I happily predict that cryptocurrencies will soon be widespread among these establishments as well.

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November 14, 2020, 02:17:42 PM
 #151

Phisycal casinos Real casinos will certainly implement bitcoin but must consider government regulations and players' interest in bitcoin. Because in my opinion, the two types of games according to the payment system are likely to be separate and of course this requires the cost of procuring new inventory in the casino.

Let's just hope by 2021 they would consider adding this feature to physical casinos but until now I can't imagine how will casino will adopt the cryptocurrency to their games or such thing as poker or the slots plus the transaction fee and the volatility of the Bitcoin.
If bitcoin is to be implemented in phisycal casinos, it should be a unit of its own and not need to be compared to fiat to make it more efficient and fair. And as far as I know in phisycal casinos, gamblers have to convert fiat into chips according to the amount to play. It will also be more profitable for gamblers to avoid transaction fees.

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November 14, 2020, 02:32:47 PM
 #152

Due to the fact that casinos aren't allowed in Brazil, I haven't desire to see physical casinos accepting bitcoins while I can play it online.

Of course, the thrill of betting on a fruit-machine or texas hold'em table is unmatched by any online experience, but I happily predict that cryptocurrencies will soon be widespread among these establishments as well.

Indeed.

Most of the gamblers online have never been in a casino before due to their own reasons, but I assume that it is because they don't want to be bold enough to let others see them that they are playing in casino or into gambling. Nobody wants to be judge by someone or even their own families, because they think that all of the gamblers are irresponsible (well most of them, but not all).

So even if this will be applied in a real casino, having Bitcoin as a bet, I think there will be only few players that'll use this method since not all of people in the casino doesn't even know what Bitcoin is and what's the real value of it. Besides, playing in a real casino is too hassle and demanding in my opinion.
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November 14, 2020, 02:44:11 PM
 #153

There are too many obstacles in my opinion for real life casinos to accept Bitcoin, especially for waiting for transaction confirmation
which sometimes takes a long time. Therefore only a few real-life casinos accept Bitcoin as payment, and there are still many people
who don't know Bitcoin. At least now Bitcoin should be used for online casinos. If I play gambling in real life casinos, I will also prefer
to use fiat currency, because it is simpler and faster.
When confirmation take long time you need sleeping there for playing in casino, maybe not effective bet with bitcoin in real life casino because how transaction sending bitcoin take long time for receiving. When bitcoin have higher price you need more than one hour for your transaction is process and completed, does waiting for more than one hour without can betting any more in casino? Just use fiat or cash money is better because you can play when do you want without waiting for your payment confirmation like using bitcoin. Maybe you have come early to sent bitcoin first and back after your sending payment have confirmation. I think is not effective when you win in casino and convert your coin become bitcoin have waiting again because bitcoin will take confirmation when you receiving payment transaction from casino team  Grin Grin

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November 14, 2020, 03:14:25 PM
 #154

Due to the fact that casinos aren't allowed in Brazil, I haven't desire to see physical casinos accepting bitcoins while I can play it online.

Of course, the thrill of betting on a fruit-machine or texas hold'em table is unmatched by any online experience, but I happily predict that cryptocurrencies will soon be widespread among these establishments as well.
yes it will be widespread soon but only time could tell. as i've seen many people are still ignorant about Bitcoin and cryptocurrency but we might not know soon it will be widespread since some companies like paypal are already implementing cryptocurrency.

let's hope we could use cryptocurrency to physical casinos.

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November 14, 2020, 04:06:14 PM
 #155

What do you think?

with this lack of regulation it will be very difficult for this to happen. many countries look at casinos with bad eyes because of money laundering, now imagine how it would be to add bitcoin that is pseudo anonymity in this salad that is already bad view?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

for that to happen it would have to reach the level where even bitcoin wallets would have to implement the KYC damn and there are issues of volatility and slowness that bitcoin has

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

It is inevitable that bitcoin will be adopted en masse, if even paypal is already accepting bitcoin, then more other giants will accept bitcoin

how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

honestly i think will take many years.

bitcoin is over 9 years old and has grown a lot in terms of adoption, but has not progressed in terms of regulation (laws on bitcoin)

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November 14, 2020, 05:53:28 PM
 #156

<snip..>

<..>
Just my opinion, I find gambling using bitcoins as a waste. Bitcoins are precious resources that has the potential to double-triple its price in the unforeseeable future. As a metaphor, it is like your gambling away your stocks in casinos that have a very unreliable chance for you to win. Though if you are that eager to gamble, then again, I would not judge your choices.


Well, gambling is also considered an art and one gambling is one of the precious activity to the life of a gambler. Actually, using bitcoin in a gambling is a big help. If you want to be anonymously without also getting notice to get into bigger bets by those chips around that are visible. This is why other gambling casino are using online betting through a digital currency controlled by a private key but it is not cryptocurrency. It was I think an upgrade of old casino platform like from traditional casino to e-casino.

@qwertyup23
I also consider a waste to gamble with a deflationary asset but others may have a different opinion.

@jademaxsuy

sorry, but gambling is not an art.
Seth Godin can say it better than I:

Quote
If you can’t replicate the work and get the same outcome, then it’s not science.

If you can replicate the work and get the same outcome, it’s not art.

we could argue that good poker playing or skill games have an artistic component, but still quite far than to say gambling is a form of art.

(funny that I was talking to a friend today that eSports aren't sports.... but this is a topic for another thread)

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November 16, 2020, 09:21:08 PM
 #157

Due to the fact that casinos aren't allowed in Brazil, I haven't desire to see physical casinos accepting bitcoins while I can play it online.

Of course, the thrill of betting on a fruit-machine or texas hold'em table is unmatched by any online experience, but I happily predict that cryptocurrencies will soon be widespread among these establishments as well.

For those who have ever been to a good regular casino game in online casino will not be so colorful.
Of course, if you play at online casinos, payment in Bitcoin is the most convenient thing you can come up with. You do not need to use your plastic card and no one will know your real name. In regular casinos the payment with Bitcoin does not make much sense to me. And at the moment payment in Bitcoin is even less convenient.
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November 16, 2020, 09:30:27 PM
 #158

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

I think this is a question for several years. Maximum 10. But this is not a joyous prospect. I see that bitcoin is becoming more and more regulated, everywhere a KYC is required, everywhere there is tracking of suspicious transactions, etc. I think that in a few years we will see that the entire infrastructure of bitcoin is censored and centralized. Under these conditions, you will not see the difference when using fiat money or bitcoin.

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November 16, 2020, 11:32:14 PM
 #159

Until we see that Bitcoin transaction is speed has improved and the transaction fee is lower, we will have no chance no chance to see Bitcoin being used in a real life casinos, and the possibility is very remote right now, there are so many Bitcoin transaction going on that some transactions takes longer than 10 hours to get confirm, something that is not acceptable in a real life gambling.

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November 16, 2020, 11:45:40 PM
 #160

I'm pretty sure that this is already in the table because gambling operators are now seeing the potential of cryptocurrencies and if there is a market then for sure they will find way to adopt and make profit from that.
Until we see that Bitcoin transaction is speed has improved and the transaction fee is lower, we will have no chance no chance to see Bitcoin being used in a real life casinos, and the possibility is very remote right now, there are so many Bitcoin transaction going on that some transactions takes longer than 10 hours to get confirm, something that is not acceptable in a real life gambling.
nope there is no need for those to be updated because cryptocurrencies will be an option for gamblers meaning they will still bring their fiat or credit cards when in houses,so the speed and fee i think would not be a matter for denial.

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November 17, 2020, 12:34:57 AM
 #161

~
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
I'm thinking on how can you use your Bitcoins in real life casinos.
I'm not an expert on this concept but I'm thinking the way to use it is that you can create your own account and you can access their games by logging your account with Bitcoins on it.

Either way, adopting Bitcoins in casinos is very far from now because of transaction speed, transaction fees and lack of regulation since we know that casinos are being regulated by the government.

For me, I think it would be better if Bitcoins will just be used in online gambling sites and let the gamblers come not Bitcoin to come in physical casinos Cheesy.

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Kupid002
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November 17, 2020, 09:35:38 AM
 #162

Until we see that Bitcoin transaction is speed has improved and the transaction fee is lower, we will have no chance no chance to see Bitcoin being used in a real life casinos, and the possibility is very remote right now, there are so many Bitcoin transaction going on that some transactions takes longer than 10 hours to get confirm, something that is not acceptable in a real life gambling.
it would be better if there was a bitcoin atm in every casino it is easier to play with paper currency compared to crypto currency especially bitcoin that it takes time to recieve the balance.  I don't see any reason why we need to play using our Bitcoin if there is already fiat money that you can use to play . Not unless it's been accepted any where that even simple groceries in the market is you can use your Bitcoin.

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Betwrong
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November 17, 2020, 10:35:55 AM
 #163

~
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
I'm thinking on how can you use your Bitcoins in real life casinos.
I'm not an expert on this concept but I'm thinking the way to use it is that you can create your own account and you can access their games by logging your account with Bitcoins on it.

Either way, adopting Bitcoins in casinos is very far from now because of transaction speed, transaction fees and lack of regulation since we know that casinos are being regulated by the government.

For me, I think it would be better if Bitcoins will just be used in online gambling sites and let the gamblers come not Bitcoin to come in physical casinos Cheesy.

That's what I think too. Who needs Bitcoin in physical casinos, to be honest? I bet more than 90% of people going to land based casinos, do not have, and, probably, will never have any crypto. And, on the other hand, more than 90% of people possessing BTC are playing online(if they want to gamble), never going to physical casinos.

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BitcoinAccepted
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November 17, 2020, 10:36:53 AM
 #164

If casinos on location make a bitcoin payment possible, then the anonymous is gone.

I think the technology should certainly be able to be there for it, but then you might as well play online in a casino.

In general, you want a bit more anonymity when you are gambling with bitcoins.

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November 17, 2020, 11:02:41 AM
 #165

Until we see that Bitcoin transaction is speed has improved and the transaction fee is lower, we will have no chance no chance to see Bitcoin being used in a real life casinos, and the possibility is very remote right now, there are so many Bitcoin transaction going on that some transactions takes longer than 10 hours to get confirm, something that is not acceptable in a real life gambling.
it would be better if there was a bitcoin atm in every casino it is easier to play with paper currency compared to crypto currency especially bitcoin that it takes time to recieve the balance.  I don't see any reason why we need to play using our Bitcoin if there is already fiat money that you can use to play . Not unless it's been accepted any where that even simple groceries in the market is you can use your Bitcoin.


Yes right. If there's already adopted system that may bring bitcoin everywhere then surely is ain't
impossible anymore to see it being used to a landbase casinos.

For now fiat still being used to this venues as it's far easier and better as like waht you said, easy to transact as you can see atm's where you can withdraw and start playing, but who knows, it's a matter of time which i believe once bitcoin being adopted and embraced widely then is not impossible to see the worth of using it inside landbase casinos.
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November 17, 2020, 12:54:32 PM
Last edit: November 17, 2020, 01:32:25 PM by Gotumoot
 #166

It would depend on the countries development and how they see Bitcoin.
Not every country are in favor of Bitcoin and I think not all country would accept it.
But there are some online casino that is already well known to us here in the internet I think it would be better if they are the first to open or at least merge with offline casino.
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November 17, 2020, 01:17:45 PM
 #167

I am not really interested in betting in the real life, whatever it is. on the internet it will be better because there are many games to choose from without having to waste time waiting like in the real life.

if to expand the use of bitcoin (crypto currency) it would be better. but I am comfortable with gambling on the internet.

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November 17, 2020, 02:13:07 PM
 #168

It would depend on the countries development and how they see Bitcoin.
Not every country are in favor of Bitcoin and I think not all country would accept it.
But there are some online casino that is already well known to us here in the internet I think it would be better if they are the first to open or at least merge with offline casino.

In fact, this will not depend on every country. There are flagship countries, and if the crypto is legalized and adopt in all of them, then the rest of the countries will have to come to terms with this fact. Perhaps there will be some special local restrictions, but no one will argue with the existence of such a financial instrument if it is recognized by the countries that determine the financial policy of the world.

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November 17, 2020, 04:01:52 PM
 #169

I think that it is most convenient for gambling houses to use fiat money as it allows them to carry out many profitable schemes.

For example, if casino clients use fiat money for betting, the casino can easily hide part of their income before the tax authorities. Also working with fiat money casinos can launder illegal income from other illegal areas.

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November 17, 2020, 04:39:41 PM
 #170

I am not really interested in betting in the real life, whatever it is. on the internet it will be better because there are many games to choose from without having to waste time waiting like in the real life.

if to expand the use of bitcoin (crypto currency) it would be better. but I am comfortable with gambling on the internet.

Those who love to gamble in casinos would still want to gamble in casinos if choice given over internet. Like it is an alternate and can be gambled from anywhere at any point of time, but the way you feel and gamble in casinos where there are so many there people, enjoying the beverages, drinks and spending quality time with friends cannot be substituted gambling on internet. So in such cases if btc can be accepted while gambling this will be the best thing to happen.

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November 18, 2020, 01:08:35 PM
 #171

If casinos on location make a bitcoin payment possible, then the anonymous is gone.

I think the technology should certainly be able to be there for it, but then you might as well play online in a casino.

In general, you want a bit more anonymity when you are gambling with bitcoins.

Exactly that is what has come in my mind after I have read the title of this thread. Anonymity.

But that could be a reason for different institutions and companies to promote it. Think about your wallet address is linked to a service where you have done KYC to.  Shocked


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November 18, 2020, 02:11:22 PM
 #172

I am not really interested in betting in the real life, whatever it is. on the internet it will be better because there are many games to choose from without having to waste time waiting like in the real life.

if to expand the use of bitcoin (crypto currency) it would be better. but I am comfortable with gambling on the internet.

Those who love to gamble in casinos would still want to gamble in casinos if choice given over internet. Like it is an alternate and can be gambled from anywhere at any point of time, but the way you feel and gamble in casinos where there are so many there people, enjoying the beverages, drinks and spending quality time with friends cannot be substituted gambling on internet. So in such cases if btc can be accepted while gambling this will be the best thing to happen.


exactly, just like the newspapers didn't go away after internet became big, casinos in real life won't go away either,
both will coexist: real and online ones.

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November 18, 2020, 07:06:47 PM
 #173

Exactly that is what has come in my mind after I have read the title of this thread. Anonymity.

But that could be a reason for different institutions and companies to promote it. Think about your wallet address is linked to a service where you have done KYC to.  Shocked




Personally, I do not see any problems with anonymity. All you have to do is pretend that you have never used BTC before.

You can send a deposit to a new BTC address unrelated to your other addresses via exchanger. There are other options, such as using CoinJoin technology to top up your casino address.

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November 18, 2020, 08:27:08 PM
 #174

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
I think that those people preferred bitcoin more than poker and casino that should be the reason they have to bet with bitcoin instead of casino, and its obvious that those people that are desperate towards casino will definitely  bet with casino instead of bitcoin or any other coins, I noticed that gambling is based on choice and provided that the necessary materials or requirements are their to play gamble, the gambler have no option to gamble with available one.so may be for them to bet with bitcoin may be bitcoin is available in they hand to bet such.

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November 18, 2020, 10:45:40 PM
 #175

Exactly that is what has come in my mind after I have read the title of this thread. Anonymity.

But that could be a reason for different institutions and companies to promote it. Think about your wallet address is linked to a service where you have done KYC to.  Shocked




Personally, I do not see any problems with anonymity. All you have to do is pretend that you have never used BTC before.

You can send a deposit to a new BTC address unrelated to your other addresses via exchanger. There are other options, such as using CoinJoin technology to top up your casino address.

Indeed there are several ways if you are really that mattering on your privacy which you can really make use neither of mixers or simply making out transfers on exchangers
for  it wont link in case you've decided to do other activities like gambling and if you dont like for government or institutions to see on where those coins came from then
you can really make use of these methods.

Anonymity does depend on someones level of preference.Some doesnt like to expose and some doesnt really matter at all.

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November 19, 2020, 04:16:13 AM
 #176

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
You can see such kind of physical casinos in Vegas in the next few years, I think there are few casinos accept bitcoin already but they aren't used by much now but bitcoin is getting more attention Especially after the pandemic strike so people are going with cashless and cryptos for convenience.

Well, I am not sure how long we are going to play in a physical casinos because websites are trying to bring real world casino experience with the help of VR so I guess we may forgot using physical casinos.
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November 19, 2020, 05:31:55 AM
 #177

Every casino center you see around is a business center, where the owner want to make more money from gambler to improve his business other things. You can bet at anytime you have the money to bet in any casino center where you will meet many gambler  the gamble center try to make more money from the gambling.
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.

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November 19, 2020, 07:03:18 AM
 #178


 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.

You are lucky that you have a casinos in your country, that accept Bitcoin there are so many countries with casinos that wants to accept Bitcoin but they cannot because of the fee and delayed in transaction confirmation, but if you exchange your Bitcoin to fiat before you can play then it's not something new, but if directly in a casino betting this is interesting.
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November 19, 2020, 07:49:20 AM
 #179

Every casino center you see around is a business center, where the owner want to make more money from gambler to improve his business other things. You can bet at anytime you have the money to bet in any casino center where you will meet many gambler  the gamble center try to make more money from the gambling.
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
That can give you a new experience to use bitcoin for placing bets. But you need to be aware that you need to save your bitcoin for the next bull run. If you are often playing gambling, I am afraid that you will lose too much money, and when the bull run comes, you will not have a chance to profit from bitcoin. But for the other countries, I think they will need more time to see the casino will be used bitcoin as the bet because they need to wait for the next update from their government. Until that time, the casino will still use fiat money to bet.

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November 19, 2020, 11:16:55 AM
 #180

Every casino center you see around is a business center, where the owner want to make more money from gambler to improve his business other things. You can bet at anytime you have the money to bet in any casino center where you will meet many gambler  the gamble center try to make more money from the gambling.
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.

This is interesting. I know that there are physical casinos with Bitcoin ATMs, and where you can pay with BTC for hotel services, restaurants, and some souvenirs. But I'm not aware of land-based casinos where you can buy chips with BTC. Are you sure this is the case in your country?

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November 19, 2020, 12:41:54 PM
 #181

I think that it is most convenient for gambling houses to use fiat money as it allows them to carry out many profitable schemes.

For example, if casino clients use fiat money for betting, the casino can easily hide part of their income before the tax authorities. Also working with fiat money casinos can launder illegal income from other illegal areas.
Actually if they accept crypto they can even more easily hide the winnings and evade taxes. In fact a lot of players online bet online with crypto currency because they can win millions and yet don't have to pay taxes and no one knows if they won such amounts. Same goes with casino they can hide your losses and avoid taxes so I believe a casino that is using fiat to evade taxes can actually use crypto more efficiently.

Personally, I do not see any problems with anonymity. All you have to do is pretend that you have never used BTC before.
Then there are coin mixers who can send you fresh coins if you want and it becomes near impossible to get tracked so yeah anonymity must not be a big problem.

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November 19, 2020, 01:04:59 PM
 #182

Actually if they accept crypto they can even more easily hide the winnings and evade taxes. In fact a lot of players online bet online with crypto currency because they can win millions and yet don't have to pay taxes and no one knows if they won such amounts. Same goes with casino they can hide your losses and avoid taxes so I believe a casino that is using fiat to evade taxes can actually use crypto more efficiently. ~

I would not say so. The fact is that the use of cryptocurrencies is not welcomed in many countries. Somewhere, working with cryptocurrencies may raise questions from government agencies, which may eventually lead to inspections, investigations and bad consequences.

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November 19, 2020, 02:16:59 PM
 #183

~ how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
This boils down to the country's regulation about bitcoin and other cryptocurrencies. These land based casinos are also cautious when it comes to the payment methods because they are heavily regulated. They didn't get their license from Curacao or any other jurisdiction with less credibility.

Someone already pointed out the casino in Cyprus and two others in Las Vegas. Hopefully these regulators will be up to speed because institutional investors buying bitcoin are increasing and more traditional platforms are implementing btc into their payment systems
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November 19, 2020, 04:58:41 PM
 #184

In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
Wow really? That must be a great news and please can you list those casinos or if you want to remain anonymous that's fine but I will google and try to find if there actually exist casinos where they take payment in crypto.

I honestly had no idea such casinos exist and this is a massive step towards adoption of bitcoins because online casinos although great have not even close to the number of gamblers that visit real life casinos.

But that being said, I always believed that we can cash our crypto and play with that money on the casinos so not a big thing but having crypto payments directly will really bloom the gambling industry.

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November 19, 2020, 10:03:22 PM
 #185


<...>

Cashless is really getting the attentions of most people and with those gamblers who already knew how bitcoin /  crypto works they'll
be able to influence  landbase casino owners  to adopt and add this system.

we're probably moving for cashless societies fast in the upcoming years.
it'smuch easier for governments and central bankers to tax and control like that.

the big question is if crypto will conquer this position in society before fiat version of digital currencies.
more on that here (beautifully written by Daniel Jeffries):
https://hackernoon.com/gamifying-the-delivery-of-money-c55c25cecaee

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November 19, 2020, 10:50:41 PM
 #186

The second reason is probably that paying with a Bitcoin wouldn't be in great demand because it's inconvenient and takes much longer than paying with a regular fiat.
Several cryptos are very fast for transactions, moreover Lightning Network allows instant transactions, so I don't think it's the main issue. Concerns are certainly more about AML regulations IMO
That is why I wrote that this is the second cause. However, it happens to be. How many ordinary casino visitors have heard about Bitcoin? How many have used it, how many people from them will want to create their own lightning node? Chips in casinos can be bought for fiat currency much easier and faster.
Yes you're right, but if you want to gamble undeclared or illegal money, it's more convenient to bring a smartphone than huge amounts of banknotes.

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November 19, 2020, 10:55:41 PM
 #187


That is why I wrote that this is the second cause. However, it happens to be. How many ordinary casino visitors have heard about Bitcoin? How many have used it, how many people from them will want to create their own lightning node? Chips in casinos can be bought for fiat currency much easier and faster.
Yes you're right, but if you want to gamble undeclared or illegal money, it's more convenient to bring a smartphone than huge amounts of banknotes.

I always play on honestly earned money so I have nothing to hide or hide. I think that someone who has dishonestly earned Bitcoins is unlikely to go to an ordinary casino. After all, there are cameras installed there and if he is wanted by the police at his Bitcoin address  they will easily find information about what he looks like and can further identify him.
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November 19, 2020, 11:34:57 PM
 #188

~ how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
This boils down to the country's regulation about bitcoin and other cryptocurrencies. These land based casinos are also cautious when it comes to the payment methods because they are heavily regulated. They didn't get their license from Curacao or any other jurisdiction with less credibility.

Someone already pointed out the casino in Cyprus and two others in Las Vegas. Hopefully these regulators will be up to speed because institutional investors buying bitcoin are increasing and more traditional platforms are implementing btc into their payment systems
Agreed, physical casinos unlike their online counterparts are under heavy regulation and it is more likely that they are going to be more conservative when it comes to adopting bitcoin, however if they see a huge market there then they are going to adopt it sooner or later, however with the pandemic in place I am not so sure this is going to happen soon, after all many casinos are reporting huge losses during the past months as they were not allowed to remain open, but at the same time it is possible this will force them to innovate and maybe accept bitcoin, after all where I live many physical casinos began to release their own gambling app in order to keep their customers, and even if the experience is not the same they could begin to accept bitcoin in those platforms and eventually begin to do it on their physical casino as well.

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November 20, 2020, 06:13:20 AM
 #189


<...>

Cashless is really getting the attentions of most people and with those gamblers who already knew how bitcoin /  crypto works they'll
be able to influence  landbase casino owners  to adopt and add this system.

we're probably moving for cashless societies fast in the upcoming years.
it'smuch easier for governments and central bankers to tax and control like that.

the big question is if crypto will conquer this position in society before fiat version of digital currencies.
more on that here (beautifully written by Daniel Jeffries):
https://hackernoon.com/gamifying-the-delivery-of-money-c55c25cecaee

As far as i know cashless transaction were being pushed through and operated before covid and it was very relevant to have a cashless transaction especially today where health issues were on top concern. And yeah, i am also concerned if will crypto will conquer or be the main transaction mode of payment where as far as i know Russia and China now have already launched their own digital currency and not impossible that other country will create their own too.

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November 20, 2020, 07:22:07 AM
 #190

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
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November 20, 2020, 07:23:43 AM
 #191

In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
Wow really? That must be a great news and please can you list those casinos or if you want to remain anonymous that's fine but I will google and try to find if there actually exist casinos where they take payment in crypto.
Really casino center?what does casino center means?isn't that casino Houses?But i doubt that there are many casino that accepts bitcoin.
I honestly had no idea such casinos exist and this is a massive step towards adoption of bitcoins because online casinos although great have not even close to the number of gamblers that visit real life casinos.
And that is why it is being tackled here because for many it is not existing so telling that in His country there are plenty is really suspicious .
But that being said, I always believed that we can cash our crypto and play with that money on the casinos so not a big thing but having crypto payments directly will really bloom the gambling industry.
in some places specially Las Vegas there are many Bitcoin ATM that exist so any time we need cash it is accessible to withdraw.

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November 20, 2020, 07:52:31 AM
 #192

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?
I don't think this is possible at our time now because the whole world has just being recovering from the pandemic effect and for sure no casino houses are afford to upgrade for now .

Quote
do you think it will become a mass adoption currency or it'll keep as it is on online websites only?
what Mass adoption just because of Bitcoin can be use in casinos?where did you get that idea?

it is not happening just like that.

Quote
of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?
Years or more?who knows right..But one thing is for sure that this will come 1 day.
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November 20, 2020, 07:59:41 AM
 #193

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
I think that is possible because we know that bitcoin adaptation is visible to other areas of the country. We know that it is good when bitcoin is adapted not only to the bitcoin community but also to the one who will going to use bitcoin as part of their advancement having a secured and irreversible transactions. Many had thought of this to be integrated but I think it needs some platform that could be use to transact bitcoin and fiat conversion vice versa.
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November 20, 2020, 08:03:25 AM
Last edit: November 20, 2020, 02:20:08 PM by Chrystora123
 #194

snip..

I would not say so. The fact is that the use of cryptocurrencies is not welcomed in many countries. Somewhere, working with cryptocurrencies may raise questions from government agencies, which may eventually lead to inspections, investigations and bad consequences.
many countries do not allow Bitcoin as a means of payment but still allow it to be used as an "asset".  in fact, it will be easier to monitor and very trusted if the casino business owner who uses Bitcoin, pays taxes..  

I am very sure that in the next few years, Bitcoin will begin to be used as an exchange (a type of coin) in many casinos to make it easier for users, and for a sure casino owners will make 2 options, users can play on online sites or on land-based (offline) of that crypto gambling business..

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November 20, 2020, 02:17:25 PM
 #195

I think that is possible because we know that bitcoin adaptation is visible to other areas of the country. We know that it is good when bitcoin is adapted not only to the bitcoin community but also to the one who will going to use bitcoin as part of their advancement having a secured and irreversible transactions. Many had thought of this to be integrated but I think it needs some platform that could be use to transact bitcoin and fiat conversion vice versa.

There are already many such platforms, these are trading platforms and various exchangers that change crypto and fiat in all directions. The problem is that working with fiat implies KYC and all other disadvantages of the fiat world, such as taxes. And if you use bitcoin in conjunction with such platforms, then you deprive it of these benefits.

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November 20, 2020, 02:43:55 PM
 #196

Until we see that Bitcoin transaction is speed has improved and the transaction fee is lower, we will have no chance no chance to see Bitcoin being used in a real life casinos, and the possibility is very remote right now, there are so many Bitcoin transaction going on that some transactions takes longer than 10 hours to get confirm, something that is not acceptable in a real life gambling.
I can't imagine as well if a gambler can afford to wait, though not all the times it went that bad but that would be a factor to consider, and this something hopeless to come in real life instead of using fiat. Because for me, I also not use Bitcoin, I shouldn't be waiting that long just for the seek of gambling.

But anyway, this is just a kind of proposal. Some may be expecting this while others don't, but the chance is not clear since the majority never sees that kind of possibility. And if there are no changes in the confirmation process, this could lead gamblers to choose the fiat instead.



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November 20, 2020, 02:59:01 PM
 #197

It's uncommon, but from 2019 on it's already a reality in Las Vegas (The D Casino Hotel and The Golden Gate Hotel & Casino) and Cyprus (Merit Hotel Nicosia). Very few land based casinos give their customers this chance, but that is something is going to change soon as crypto currency becomes more integrated to our daily life.
Actually I expect not only wealthy casinos adopt it, but also the popular ones.

https://translegalpipeline.com/2019/11/where-can-gamblers-play-land-based-casino-slots-with-bitcoin/

It would be a big marketing advertisement for other casinos to adopt the changes. It would also be hard for the customers who will use the bitcoin slot machine for example because the value of bitcoin is volatile. I am unsure if it will be a profit for the casinos or it will be a loss when the price of the bitcoin drops. The capital initiated to it will be a loss for some quite of time before it would turn back again into plenty customers.
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November 20, 2020, 07:06:25 PM
 #198

What do you think?

at some point people will be able to walk in a casino and just bet on slot machines with bitcoin?
or play poker using crypto, but irl?

do you think it will become a mass adoption currency or it'll keep as it is on online websites only?

of course some merchants and places already adopt crypto and BTC as a way of payment, but curious here:
how long you think it'll take to reach the point where we can bet in real life places with bitcoin?

The value decides everything if the price is going like this definitely the adoption will happen for the Bitcoin in all the places definitely Bitcoin investment right now is definitely good for the people to make profit is here and it keep increasing show the eruption is also involved in this thing

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November 20, 2020, 07:24:02 PM
 #199

<snip>
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
This can happen in your country then Bitcoin will soon be use in real life casinos. Though with the current momentum from Bitcoin could be a helping hands for this to be actualize, with the growing rate of adoption in the land with Bitcoin and major mainstream industries and institutions getting into the industry will surely bring into play this usage of Bitcoin in real life as it has started in your country.

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November 20, 2020, 09:16:57 PM
 #200


That is why I wrote that this is the second cause. However, it happens to be. How many ordinary casino visitors have heard about Bitcoin? How many have used it, how many people from them will want to create their own lightning node? Chips in casinos can be bought for fiat currency much easier and faster.
Yes you're right, but if you want to gamble undeclared or illegal money, it's more convenient to bring a smartphone than huge amounts of banknotes.

I always play on honestly earned money so I have nothing to hide or hide. I think that someone who has dishonestly earned Bitcoins is unlikely to go to an ordinary casino. After all, there are cameras installed there and if he is wanted by the police at his Bitcoin address  they will easily find information about what he looks like and can further identify him.
I'm not sure about that, on blockchain you can just see adresses and nothing else, so nobody knows what you have done or sold to get those coins.
So what you are saying only applies to major traffickers IMO.
Moreover mixer services offer a pretty good anonymity.

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November 20, 2020, 09:29:18 PM
 #201


That is why I wrote that this is the second cause. However, it happens to be. How many ordinary casino visitors have heard about Bitcoin? How many have used it, how many people from them will want to create their own lightning node? Chips in casinos can be bought for fiat currency much easier and faster.
Yes you're right, but if you want to gamble undeclared or illegal money, it's more convenient to bring a smartphone than huge amounts of banknotes.

I always play on honestly earned money so I have nothing to hide or hide. I think that someone who has dishonestly earned Bitcoins is unlikely to go to an ordinary casino. After all, there are cameras installed there and if he is wanted by the police at his Bitcoin address  they will easily find information about what he looks like and can further identify him.
I'm not sure about that, on blockchain you can just see adresses and nothing else, so nobody knows what you have done or sold to get those coins.
So what you are saying only applies to major traffickers IMO.
Moreover mixer services offer a pretty good anonymity.

We all know that some countries have systems that can track transactions on the network. A person may not have done anything wrong he may have cooperated with a person who paid for his services with bitcoins from a dirty address. And this is how the police can detain him to find out because their addresses will be interconnected.
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November 20, 2020, 10:26:30 PM
 #202

Exactly that is what has come in my mind after I have read the title of this thread. Anonymity.

But that could be a reason for different institutions and companies to promote it. Think about your wallet address is linked to a service where you have done KYC to.  Shocked

Personally, I do not see any problems with anonymity. All you have to do is pretend that you have never used BTC before.

You can send a deposit to a new BTC address unrelated to your other addresses via exchanger. There are other options, such as using CoinJoin technology to top up your casino address.

Of course. But how many know this or know that, but still don't do it?
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November 20, 2020, 10:59:02 PM
 #203

<snip>
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
This can happen in your country then Bitcoin will soon be use in real life casinos. Though with the current momentum from Bitcoin could be a helping hands for this to be actualize, with the growing rate of adoption in the land with Bitcoin and major mainstream industries and institutions getting into the industry will surely bring into play this usage of Bitcoin in real life as it has started in your country.
Good thing in your country already adopts to use bitcoin payment that anytime a person can bet with no hesitation of using. But, in my country it's a long way to go to make it happen since some people here doesn't know yet about bitcoin existence though there are people already knew it but the adoption is not fully occurred. So this really shows it depends on a country action to make use of bitcoin in real life casinos.
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November 20, 2020, 11:15:17 PM
 #204

<snip>
 In my country many casino center accept bitcoin for payment which you can bet anytime with any amount of money of your choice to win.
This can happen in your country then Bitcoin will soon be use in real life casinos. Though with the current momentum from Bitcoin could be a helping hands for this to be actualize, with the growing rate of adoption in the land with Bitcoin and major mainstream industries and institutions getting into the industry will surely bring into play this usage of Bitcoin in real life as it has started in your country.
Good thing in your country already adopts to use bitcoin payment that anytime a person can bet with no hesitation of using. But, in my country it's a long way to go to make it happen since some people here doesn't know yet about bitcoin existence though there are people already knew it but the adoption is not fully occurred. So this really shows it depends on a country action to make use of bitcoin in real life casinos.
I feel you mate. Using real Bitcoin for gambling is really far from happening. Not that our country is also banning crypto but for the reason that none of these casinos are accepting it. That is why I gamble online so I can make use of my cryptos aside from converting it to fiat money.

Well, I'm not sure if this already been happening to other countries since hearing that many Bitcoin ATMs are seized due to lack of license to operate and I'm not sure as well if casinos are willing to acquire these machines for that sake.
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November 21, 2020, 11:45:59 AM
 #205

Good thing in your country already adopts to use bitcoin payment that anytime a person can bet with no hesitation of using. But, in my country it's a long way to go to make it happen since some people here doesn't know yet about bitcoin existence though there are people already knew it but the adoption is not fully occurred. So this really shows it depends on a country action to make use of bitcoin in real life casinos.
I think that this is the situation now in many countries of the world. People have heard about Bitcoin, but they do not use it in everyday life and therefore do not perceive it as part of reality. Although the probability that bitcoin will be used in a real casino is much higher than paying for purchases in a store with bitcoin. In any case, bitcoin must first be legal in your country, then it will be accepted.

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November 24, 2020, 09:06:00 AM
 #206

~I am very sure that in the next few years, Bitcoin will begin to be used as an exchange (a type of coin) in many casinos to make it easier for users,

It's happening already in some land based casinos: you can pay for food and services with BTC, and you can rent a room with it, and you can exchange your Bitcoin for cash in ATMs, conveniently placed on the casino premises. And when most places will recognize BTC as money, you will be able to buy anything with it, including casino chips.

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November 24, 2020, 10:10:11 AM
 #207

~I am very sure that in the next few years, Bitcoin will begin to be used as an exchange (a type of coin) in many casinos to make it easier for users,

It's happening already in some land based casinos: you can pay for food and services with BTC, and you can rent a room with it, and you can exchange your Bitcoin for cash in ATMs, conveniently placed on the casino premises. And when most places will recognize BTC as money, you will be able to buy anything with it, including casino chips.
What name of the casino who is accepting bitcoin for the payment or for the chips?. We know there is a lot of store accepting the bitcoin including online and even the traditional store are accepting this coin so I glad there is a lot of business accepting crypto hoping to see an altcoins o like ethereum and ripple which is more advatanges in transaction fees which is much lower than the bitcoin.
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November 24, 2020, 10:15:45 AM
 #208

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
I think that is possible because we know that bitcoin adaptation is visible to other areas of the country. We know that it is good when bitcoin is adapted not only to the bitcoin community but also to the one who will going to use bitcoin as part of their advancement having a secured and irreversible transactions. Many had thought of this to be integrated but I think it needs some platform that could be use to transact bitcoin and fiat conversion vice versa.

Integrating bitcoin would be a good decision of the fiat casinos, they will adopt because they are seeing the potential to increase their revenue, however, talking about regulation, it's not easy if the government would want to ensure that money laundering is being avoided. I'm not against on it or saying it's impossible but I believe it will take time to study for this matter to be adopted.

This is not as easy as we think of it because of the current situation of Bitcoin in some part of the world where they still don't recognize it as safe investment. there are some countries who still hostile to bitcoin where they making it illegal on their people to own them. nevertheless, we are from for that kind of scenario and we still need to promote the use of it to gather more people to join us using bitcoin as a means of payment or any other services.

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November 24, 2020, 11:16:28 AM
 #209

In a thread read about users requesting payout on poker in terms of bitcoin. This means people and gambling platforms are getting used to bitcoin in real casinos. If bitcoin usage is legalized automatically casinos will start accepting and enrich the usage of cryptocurrencies. As very few countries have given legal support to cryptocurrency usage as currency we need to have patience depending on the country we reside.

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November 24, 2020, 06:31:00 PM
 #210


This is not as easy as we think of it because of the current situation of Bitcoin in some part of the world where they still don't recognize it as safe investment. there are some countries who still hostile to bitcoin where they making it illegal on their people to own them. nevertheless, we are from for that kind of scenario and we still need to promote the use of it to gather more people to join us using bitcoin as a means of payment or any other services.

what is interesting about countries banning bitcoin is that they'll just stay behind in terms of innovation
when people talk about the great economic reset this should be included:
countries that change part of their treasures to crypto will definitely have an advantage.

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November 24, 2020, 07:33:56 PM
 #211

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
I think this is one of the reasons why adoption is slowing down, we want businesses to accept bitcoin as a form of payment and that is completely natural but at the same time we do not want to spend it and we are holding it in the hopes the market does what it is doing right now and skyrockets, so businesses eventually realize that there are not a lot of people using their bitcoin to pay for their services and then they decide to drop this form of payment and then we complain about it.

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November 24, 2020, 09:09:18 PM
 #212

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
I think this is one of the reasons why adoption is slowing down, we want businesses to accept bitcoin as a form of payment and that is completely natural but at the same time we do not want to spend it and we are holding it in the hopes the market does what it is doing right now and skyrockets, so businesses eventually realize that there are not a lot of people using their bitcoin to pay for their services and then they decide to drop this form of payment and then we complain about it.

If the system was already added to the payment process, chances that gamblers who have bitcoin will be there even if the value is pumping, gambler will always be a gambler, any resources that they'll have will surely be use  once the calling for gambling are there. Business owners needs to realize this as it will benefits them in the long run.

In anyhow, it's the owner who will see this once research and studied is already done and if they'll see opportunities expect them to take part, now we still need to wait if how owners will  take this and when they will add this as payment process..

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November 24, 2020, 09:46:15 PM
 #213

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in cryptocurrency
Just like we saw here in crypto space.
I think this is one of the reasons why adoption is slowing down, we want businesses to accept bitcoin as a form of payment and that is completely natural but at the same time we do not want to spend it and we are holding it in the hopes the market does what it is doing right now and skyrockets, so businesses eventually realize that there are not a lot of people using their bitcoin to pay for their services and then they decide to drop this form of payment and then we complain about it.

If the system was already added to the payment process, chances that gamblers who have bitcoin will be there even if the value is pumping, gambler will always be a gambler, any resources that they'll have will surely be use  once the calling for gambling are there. Business owners needs to realize this as it will benefits them in the long run.

In anyhow, it's the owner who will see this once research and studied is already done and if they'll see opportunities expect them to take part, now we still need to wait if how owners will  take this and when they will add this as payment process..

I believe some land-based casinos are already thinking about adding crypto as part of their payment system.
Here, the article published last 2018 already mentioned about one casino already offering bitcoin gambling - https://www.gamblingsites.com/blog/bitcoin-at-land-based-casinos-63263/

"The only brick-and-mortar casino that currently offers Bitcoin gambling is the Merit Hotel Nicosia in Cyprus."

So I believe with this pandemic still around, I am more than positive that some offline casinos are already thinking about crypto payment.
We will see in the next coming years about this kind of development and I believe it will not be long.
Maybe, they are also taking into consideration about the laws and regulations pertaining to crypto.


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November 24, 2020, 09:59:59 PM
 #214

I think this is one of the reasons why adoption is slowing down,

Maybe paypal will accelerate the adaption of bitcoin when they will start with paying in bitcoin next year.
But don't think Im happy with paypal
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November 24, 2020, 10:02:55 PM
 #215


This is not as easy as we think of it because of the current situation of Bitcoin in some part of the world where they still don't recognize it as safe investment. there are some countries who still hostile to bitcoin where they making it illegal on their people to own them. nevertheless, we are from for that kind of scenario and we still need to promote the use of it to gather more people to join us using bitcoin as a means of payment or any other services.

what is interesting about countries banning bitcoin is that they'll just stay behind in terms of innovation
when people talk about the great economic reset this should be included:
countries that change part of their treasures to crypto will definitely have an advantage.
Cryptocurrency will lead the world very soon over physical fiat. Commonly, people can change their minds anytime. If they want they can stop using physical fiat and start to use cryptocurrency in their daily lives if they have a permit to use it in their country. Legalization is the main fact here.
In this way, the betting house can start accepting bitcoin as their payment method then it can be used. Many organizations already started it and many houses accepting it through crypto. If the country has permission then there are no obstacles to use it randomly.

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November 24, 2020, 11:56:15 PM
 #216

It will probably happen if Bitcoin is accepted in many more countries and also common as the means of payment. Well, so far, not all casinos accept BTC and cryptocurrency as the means of payment. Some online casinos do that. The problem is not only by their readiness to accept that payment and mechanism. Moreover, it is about the volatility of the Bitcoin price. And now, not all of the offline gambling players are usual for Bitcoin and crypto. this may make sense

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November 25, 2020, 03:58:33 AM
 #217

During the lockdown many gambler empty their wallet because of the steady gambling they where spending their money for, hope they we win before the end of the pandemic for them to recover all their money, they have spend during the period of pandemic. Winning is not how you gamble all the time, that will make you win your bet in a casino center.
I use to bet twice in a week which was really helping me in real life casino, that is making people to call me professional gambler. It is better you bet with some days in real life casino to be happy with your bet than you bet all the time in a gambling center which will reduce your wealth to zero level you keep losing in the casino center.

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November 25, 2020, 05:21:37 AM
 #218

If bitcoin can be used in many casinos in many countries, maybe we will see many gamblers try to use bitcoin to gamble because they can convert their money first before they visit the real-life casino. Maybe only for some casino that we don't know where it places that already that used bitcoin. But we have many online casinos that use bitcoin, and that is what we saw today. But the gambling industries will grow in the future, and we will see many new crypto gambling sites launches as the cryptocurrency will grow fast in the future. If the crypto can reach more people and more businesses, including the gambling industry, that will give a chance for bitcoin to be used for a gamble or the payment system. Until that time, we can use online gambling to gamble and not use the real-life casino to gamble because by using the online gambling website, we can prevent to reveal our identity.

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November 25, 2020, 05:53:40 AM
 #219

If bitcoin can be used in many casinos in many countries, maybe we will see many gamblers try to use bitcoin to gamble because they can convert their money first before they visit the real-life casino. Maybe only for some casino that we don't know where it places that already that used bitcoin. But we have many online casinos that use bitcoin, and that is what we saw today. But the gambling industries will grow in the future, and we will see many new crypto gambling sites launches as the cryptocurrency will grow fast in the future. If the crypto can reach more people and more businesses, including the gambling industry, that will give a chance for bitcoin to be used for a gamble or the payment system. Until that time, we can use online gambling to gamble and not use the real-life casino to gamble because by using the online gambling website, we can prevent to reveal our identity.
Well in some casinos like in the real casino are already accepting bitcoin when betting. If you are familiar with e-games or e-casino that are accepting digital currency may it be fiat currency or via load wallet (certain digital currency in a card use only for gambling). If bitcoin will be integrated then there is no problem with that because it has been started already. I can guarantee that using bitcoin in betting is really an ideal for being an anonymous and the bad people around that are only watching and waiting for you to go home robbing you out could no longer trace you or someone in betting. It will make betting secured.
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November 25, 2020, 07:09:33 AM
 #220


This is not as easy as we think of it because of the current situation of Bitcoin in some part of the world where they still don't recognize it as safe investment. there are some countries who still hostile to bitcoin where they making it illegal on their people to own them. nevertheless, we are from for that kind of scenario and we still need to promote the use of it to gather more people to join us using bitcoin as a means of payment or any other services.

what is interesting about countries banning bitcoin is that they'll just stay behind in terms of innovation
when people talk about the great economic reset this should be included:
countries that change part of their treasures to crypto will definitely have an advantage.
Cryptocurrency will lead the world very soon over physical fiat. Commonly, people can change their minds anytime. If they want they can stop using physical fiat and start to use cryptocurrency in their daily lives if they have a permit to use it in their country. Legalization is the main fact here.
In this way, the betting house can start accepting bitcoin as their payment method then it can be used. Many organizations already started it and many houses accepting it through crypto. If the country has permission then there are no obstacles to use it randomly.

As of now i didn't see any good sign that cryptocurrency will take over the dominance of fiat currency circulating around the whole nation of one country. May be crypto will become one of the currency that will revolve around a global economic but this can't subside as currency circulating inside of one country. Still the used of fiat currency of a particular country would still be the prefer currency and a plus factor if the people knows how to deal with bitcoin for business or investment purposes.

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November 25, 2020, 07:17:51 AM
 #221


This is not as easy as we think of it because of the current situation of Bitcoin in some part of the world where they still don't recognize it as safe investment. there are some countries who still hostile to bitcoin where they making it illegal on their people to own them. nevertheless, we are from for that kind of scenario and we still need to promote the use of it to gather more people to join us using bitcoin as a means of payment or any other services.

what is interesting about countries banning bitcoin is that they'll just stay behind in terms of innovation
when people talk about the great economic reset this should be included:
countries that change part of their treasures to crypto will definitely have an advantage.
Cryptocurrency will lead the world very soon over physical fiat. Commonly, people can change their minds anytime. If they want they can stop using physical fiat and start to use cryptocurrency in their daily lives if they have a permit to use it in their country. Legalization is the main fact here.
In this way, the betting house can start accepting bitcoin as their payment method then it can be used. Many organizations already started it and many houses accepting it through crypto. If the country has permission then there are no obstacles to use it randomly.

As of now i didn't see any good sign that cryptocurrency will take over the dominance of fiat currency circulating around the whole nation of one country. May be crypto will become one of the currency that will revolve around a global economic but this can't subside as currency circulating inside of one country. Still the used of fiat currency of a particular country would still be the prefer currency and a plus factor if the people knows how to deal with bitcoin for business or investment purposes.
No sign?-- I don't think so. PayPal accepting Cryptocurrency, many organizations already accepted cryptocurrency and announced to accept more currency soon which belongs to crypto ultimately. Only one thing can't change the whole world so we need to raise our voice supporting Cryptocurrency. Government will take proper action to legalize this and will strick for illegal activities to be done by using cryptocurrency. Then we can hope that after legalization process, we may expect it to be used in online and offline shops as payment methods. By following this way, cryptocurrency will be accepted in a whole and step by step it can be considered as a regular currency like fiat. Yes, its a long process but we can start atleast. 

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November 25, 2020, 11:27:42 AM
 #222

I think this is one of the reasons why adoption is slowing down,

Maybe paypal will accelerate the adaption of bitcoin when they will start with paying in bitcoin next year.
But don't think Im happy with paypal

the big thing with Paypal that will really tell their intentions with crypto is the possibility ofbeing able to withdraw BTC from paypal and being able to hold your own coins.
if they don't allow you to have your keys it's simply a joke.
of course it helps, but could even be detrimental to users as they could create fraction reserve cryptocurrency.

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November 25, 2020, 12:13:57 PM
 #223

I think it would really took a long time. As you can see physical casinos should be regulated and have license since they could be really in a serious trouble if they don't manage to get one and since it's license and regulated I don't think the government would like to know that cryptocurrency or Bitcoin is being used in the casino.

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November 25, 2020, 12:50:51 PM
 #224

I think it would really took a long time. As you can see physical casinos should be regulated and have license since they could be really in a serious trouble if they don't manage to get one and since it's license and regulated I don't think the government would like to know that cryptocurrency or Bitcoin is being used in the casino.

you have a point right there but still there but only time could tell, just lately paylpal who is just one of the biggest online financial service provider started to accept bitcoin on their platform so you may not know maybe next year or the next year after they physical casino would start accepting bitcoins.

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November 25, 2020, 12:55:30 PM
 #225

I think it would really took a long time. As you can see physical casinos should be regulated and have license since they could be really in a serious trouble if they don't manage to get one and since it's license and regulated I don't think the government would like to know that cryptocurrency or Bitcoin is being used in the casino.

you have a point right there but still there but only time could tell, just lately paylpal who is just one of the biggest online financial service provider started to accept bitcoin on their platform so you may not know maybe next year or the next year after they physical casino would start accepting bitcoins.

but, just playing the devil's advocate here:
does physical casinos usually accept paypal?
I don't think so.

not sure why Paypal discussion started on this thread: I see the relation on saying it brings broader adoption of crypto, but that's it.

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November 25, 2020, 01:29:03 PM
 #226

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.
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November 26, 2020, 02:45:23 AM
 #227

--
Well in some casinos like in the real casino are already accepting bitcoin when betting. If you are familiar with e-games or e-casino that are accepting digital currency may it be fiat currency or via load wallet (certain digital currency in a card use only for gambling). If bitcoin will be integrated then there is no problem with that because it has been started already. I can guarantee that using bitcoin in betting is really an ideal for being an anonymous and the bad people around that are only watching and waiting for you to go home robbing you out could no longer trace you or someone in betting. It will make betting secured.
I don't feel familiar with e-games or e-casino because I don't search for other gambling games. If I feel enjoy with the current gambling games or the online gambling website, I will play on that site many times, but sometimes, I will try to visit the other site which I think is attractive for me.

But there still needs more time for bitcoin to be integrated into the existing casino, especially if that casino uses fiat or digital currency, as you said. Maybe the owner and the team need to learn more details on how they can take the benefits of bitcoin if bitcoin is added to their site.

But yes, by using bitcoin in betting, that can hide people from the tracking for who the gambling site members are. Still, I don't think that will not be easy because, in the casino, based on fiat, the members need to verify themselves before they can deposit or withdraw the money. But I am not sure about that because I don't play on that type of site.

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November 26, 2020, 10:26:28 AM
 #228

~I am very sure that in the next few years, Bitcoin will begin to be used as an exchange (a type of coin) in many casinos to make it easier for users,

It's happening already in some land based casinos: you can pay for food and services with BTC, and you can rent a room with it, and you can exchange your Bitcoin for cash in ATMs, conveniently placed on the casino premises. And when most places will recognize BTC as money, you will be able to buy anything with it, including casino chips.
What name of the casino who is accepting bitcoin for the payment or for the chips?. We know there is a lot of store accepting the bitcoin including online and even the traditional store are accepting this coin so I glad there is a lot of business accepting crypto hoping to see an altcoins o like ethereum and ripple which is more advatanges in transaction fees which is much lower than the bitcoin.

I read this article saying "The only brick-and-mortar casino that currently offers Bitcoin gambling is the Merit Hotel Nicosia in Cyprus.". But it was published in February 2018, and, as of today, it looks like it is no longer the case. There are also many articles about the Golden Gate Hotel & Casino in Las Vegas accepting BTC for foods and services, but those articles are even older, 2014-2015. It looks like  there is no new info on this topic.

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November 26, 2020, 05:02:44 PM
 #229

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.

Yes that's what I am thinking, few more years bitcoin will be accepted as mode of payment in every casinos, maybe also the reward amount can be in bitcoin or eth depending on the top coins in that year it will be adopted, but I guess 2020 is the year if bitcoin where it is heard in more countries now and lot of people are aware to what bitcoin is and how do they trade, gambled and mine bitcoin so I think in able to make every casinos in the trend, they will accepts bitcoins soon.

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November 26, 2020, 10:41:33 PM
 #230

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.


Why pay with bitcoins in a place that is full of cameras? Why to be able to tie your bitcoin adress to your photo and you can identify the owner of the bitcoin  adress. Of course, if you agree to pass KYC on the stock exchanges or anywhere else, it is not a problem. But those people who want to be anonymous at the crypto market are unlikely to pay in an ordinary casino bitcoins.
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November 27, 2020, 12:00:44 AM
 #231

I think here in my country there is a land based casinos accepting Bitcoin already, but of course the majority of the
gamblers here are not quite familiar with Bitcoin that's why most of the Bitcoin fanatic they've used to play in online in the cryptocurrency
Just like we saw here in crypto space.
I think this is one of the reasons why adoption is slowing down, we want businesses to accept bitcoin as a form of payment and that is completely natural but at the same time we do not want to spend it and we are holding it in the hopes the market does what it is doing right now and skyrockets, so businesses eventually realize that there are not a lot of people using their bitcoin to pay for their services and then they decide to drop this form of payment and then we complain about it.
No that's not what's stopping or delaying Bitcoin adoption because the government standpoint against Bitcoin is whats somehow delaying Bitcoin adoption but we can't blame crypto investors/enthusiasts to see Bitcoin more as an asset than a currency cause it will be a foolish idea not to hold more coins than spending it. However, the last time i checked most crypto holder are fans of online gambling site not physical.

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November 27, 2020, 12:44:14 AM
 #232

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.

Yes that's what I am thinking, few more years bitcoin will be accepted as mode of payment in every casinos, maybe also the reward amount can be in bitcoin or eth depending on the top coins in that year it will be adopted, but I guess 2020 is the year if bitcoin where it is heard in more countries now and lot of people are aware to what bitcoin is and how do they trade, gambled and mine bitcoin so I think in able to make every casinos in the trend, they will accepts bitcoins soon.

People's awreness has increase after this pandemic, those who are not interested before seen the advantages and usages of
this system, not just a pump and dump project but real usage has been offer.

We can remove the fact that since there are businesses who already catering bitcoin and other known crypto ciurrencies adoptions
within more business such as gambling is not far to happen.

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November 27, 2020, 01:38:40 AM
 #233

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.


Why pay with bitcoins in a place that is full of cameras? Why to be able to tie your bitcoin adress to your photo and you can identify the owner of the bitcoin  adress. Of course, if you agree to pass KYC on the stock exchanges or anywhere else, it is not a problem. But those people who want to be anonymous at the crypto market are unlikely to pay in an ordinary casino bitcoins.
If you are using Lightning Network it will be more complicated for them to track you, moreover you can use BTC tumblers to preserve your anonymity.

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November 27, 2020, 10:43:51 AM
 #234

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.


Why pay with bitcoins in a place that is full of cameras? Why to be able to tie your bitcoin adress to your photo and you can identify the owner of the bitcoin  adress. Of course, if you agree to pass KYC on the stock exchanges or anywhere else, it is not a problem. But those people who want to be anonymous at the crypto market are unlikely to pay in an ordinary casino bitcoins.
If you are using Lightning Network it will be more complicated for them to track you, moreover you can use BTC tumblers to preserve your anonymity.
I hope there will be more adoption to come especially for gambling sites on lightning network, it would help to make transaction in an instant. however, I would like to comment on bitcoin and kYC, i think that is not necessary, casinos just have to issue a chips once you have already deposited in their bitcoin address, in fact ,when you go to the casino, you can enjoy gambling even them not knowing your real identity.

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November 27, 2020, 12:52:44 PM
Last edit: November 27, 2020, 01:08:42 PM by ShowOff
 #235

Casinos does not put any exemption, if you are playing in a physical casino and they require KYC, they would require it to every gambler,
I just want to know what is the reason a physical casino asks its customer to tell them their identity, is that really necessary ?
I don't think KYC is necessary in a physical casino because players should be able to play without anyone knowing, including casinos.

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November 27, 2020, 01:08:36 PM
 #236


Why pay with bitcoins in a place that is full of cameras? Why to be able to tie your bitcoin adress to your photo and you can identify the owner of the bitcoin  adress. Of course, if you agree to pass KYC on the stock exchanges or anywhere else, it is not a problem. But those people who want to be anonymous at the crypto market are unlikely to pay in an ordinary casino bitcoins.
If you are using Lightning Network it will be more complicated for them to track you, moreover you can use BTC tumblers to preserve your anonymity.

Of course, if you want to pay with bitcoin car you can go to any difficulties just to do it. However, put yourself in the place of an ordinary person. He goes to the casino to relax and have a rest. He is already mentally at the table or the slot machine and enjoys the game. And here at the cashier's desk someone makes him wait for his transaction to be confirmed by the network. People will choose the payment method that is more convenient.
For the interest of course I would try to buy chips for bitcoins. However, in the next few times I would buy the chips in the most convenient way for me.
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November 27, 2020, 01:53:57 PM
 #237

As time passes, the usage areas of bitcoin will of course expand and grow. It is used in many areas of our lives, let's not think of it only for gambling games. If it attracts more and more attention, its usage areas will become more widespread.
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November 27, 2020, 02:28:00 PM
 #238

Casinos does not put any exemption, if you are playing in a physical casino and they require KYC, they would require it to every gambler,
I just want to know what is the reason a physical casino asks its customer to tell them their identity, is that really necessary ?
I don't think KYC is necessary in a physical casino because players should be able to play without anyone knowing, including casinos.

KYC on casinos are not even a thing, all they expect from you is money and yourself. The question is on how long we can wait until Bitcoin can be used in casinos. I think that question can only be answered once it is already used within supermarkets and many necessities that people need. Casinos are a higher tier of business so it would take a longer time for them to study on what are the pros and cons of Bitcoin once they will be using it.

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November 27, 2020, 02:49:39 PM
 #239

As time passes, the usage areas of bitcoin will of course expand and grow. It is used in many areas of our lives, let's not think of it only for gambling games. If it attracts more and more attention, its usage areas will become more widespread.

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.

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November 27, 2020, 04:02:53 PM
 #240

As time passes, the usage areas of bitcoin will of course expand and grow. It is used in many areas of our lives, let's not think of it only for gambling games. If it attracts more and more attention, its usage areas will become more widespread.

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.


As long as regular casinos do not see the potential profit in accepting bitcoins for payment, they will not change anything in the payment methods. Even in this topic, some people wrote that they would not want to pay with a bitcoin at a regular casino. Each person has its own reasons. However, all this is expressed in the fact that among the huge flow of customers of ordinary casinos, those who are willing to pay with a bitcoin is very little, it is good if you get a few percent.
In online gambling, many peoples agree to pay with bitcoins, because it is convenient and profitable, as well as confidential.
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November 27, 2020, 07:28:31 PM
 #241

KYC on casinos are not even a thing, all they expect from you is money and yourself. The question is on how long we can wait until Bitcoin can be used in casinos. I think that question can only be answered once it is already used within supermarkets and many necessities that people need. Casinos are a higher tier of business so it would take a longer time for them to study on what are the pros and cons of Bitcoin once they will be using it.
There are many possibilities that will happen about bitcoin adoption including in physical casinos. But it will only be good for payment system like exchanging bitcoin for chips or vice versa. The drawback may be the cost and risk of robbery and that should be an added consideration for gambler. Personally I don't like it and of course because of the risks that may occur as well as transaction fees and waiting time.

I think bitcoin adoption in physical casinos will be tough in the near future although it is possible that some of them do. But it will take a lot of time to see how many adoption are being made.

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November 27, 2020, 08:48:42 PM
 #242

It will not take that long for sure especially to those casinos that freely accepts crypto currencies. Once the government of a certain landbase casino are not against in using crypto currencies then this will serve as a bridge for it to happen where we can enjoy using bitcoin or other crypto currencies in betting to a landbase casino.

Let's say that 2-5 years from now there will be few casinos that will announce this kind of news that they are already accepting bets in bitcoin to their landbase casinos.


Why pay with bitcoins in a place that is full of cameras? Why to be able to tie your bitcoin adress to your photo and you can identify the owner of the bitcoin  adress. Of course, if you agree to pass KYC on the stock exchanges or anywhere else, it is not a problem. But those people who want to be anonymous at the crypto market are unlikely to pay in an ordinary casino bitcoins.
If you are using Lightning Network it will be more complicated for them to track you, moreover you can use BTC tumblers to preserve your anonymity.
I hope there will be more adoption to come especially for gambling sites on lightning network, it would help to make transaction in an instant. however, I would like to comment on bitcoin and kYC, i think that is not necessary, casinos just have to issue a chips once you have already deposited in their bitcoin address, in fact ,when you go to the casino, you can enjoy gambling even them not knowing your real identity.
I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

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November 27, 2020, 09:07:48 PM
 #243

I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

You started talking about mistakes yourself. In fact, I tried a couple of times to send transactions via Electrum using LN. I use Electrum quite often, but with lightning nodes it was not so easy to do it the first time. I doubt that in a casino someone in high spirits from alcohol will want to pick at the phone and connect the node, as well as configure and conduct a transaction. This is not convenient and much longer than buying chips for cash.
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November 27, 2020, 09:16:35 PM
 #244

I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

You started talking about mistakes yourself. In fact, I tried a couple of times to send transactions via Electrum using LN. I use Electrum quite often, but with lightning nodes it was not so easy to do it the first time. I doubt that in a casino someone in high spirits from alcohol will want to pick at the phone and connect the node, as well as configure and conduct a transaction. This is not convenient and much longer than buying chips for cash.
Yes you are right, it's not really convenient and smooth but don't forget Paypal is coming and it will offer BTC payments from smartphones thanks to Venmo.
So it can be a solution for brick and mortar casinos.

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November 27, 2020, 09:17:45 PM
 #245

I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

You started talking about mistakes yourself. In fact, I tried a couple of times to send transactions via Electrum using LN. I use Electrum quite often, but with lightning nodes it was not so easy to do it the first time. I doubt that in a casino someone in high spirits from alcohol will want to pick at the phone and connect the node, as well as configure and conduct a transaction. This is not convenient and much longer than buying chips for cash.

One of the reason why LN hadn't been adopted yet since there are still some problems or lacking into its development.It isn't really fully that suggested to be mainly used.
Lets wait up for this one to be developed and be finalized and we know on how this thing to be useful or revolutionary once it would be finalized.

For now then lets stick on whats the traditional crypto transactions which I don't see for it to be bad after all.

R


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November 27, 2020, 09:27:27 PM
 #246

I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

You started talking about mistakes yourself. In fact, I tried a couple of times to send transactions via Electrum using LN. I use Electrum quite often, but with lightning nodes it was not so easy to do it the first time. I doubt that in a casino someone in high spirits from alcohol will want to pick at the phone and connect the node, as well as configure and conduct a transaction. This is not convenient and much longer than buying chips for cash.
Yes you are right, it's not really convenient and smooth but don't forget Paypal is coming and it will offer BTC payments from smartphones thanks to Venmo.
So it can be a solution for brick and mortar casinos.

You will not have real bitcoins in PayPal's wallet. You will have a digital copy of bitcoin that you will not have direct access to. You will not have a private key or seed phrase. All you will have is access to the PayPal account. In addition, PayPal currently sells Bitcoins only in the United States.
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November 27, 2020, 10:04:53 PM
 #247

I think more adoption can come since Electrum has integrated Lightning Network to its wallet. Nobody has really talked about it but it has been a huge step for Lightning Network adoption IMO. So once all bugs will be fixed, I'm sure many gambling platforms will decide to offer it.

You started talking about mistakes yourself. In fact, I tried a couple of times to send transactions via Electrum using LN. I use Electrum quite often, but with lightning nodes it was not so easy to do it the first time. I doubt that in a casino someone in high spirits from alcohol will want to pick at the phone and connect the node, as well as configure and conduct a transaction. This is not convenient and much longer than buying chips for cash.
Yes you are right, it's not really convenient and smooth but don't forget Paypal is coming and it will offer BTC payments from smartphones thanks to Venmo.
So it can be a solution for brick and mortar casinos.

You will not have real bitcoins in PayPal's wallet. You will have a digital copy of bitcoin that you will not have direct access to. You will not have a private key or seed phrase. All you will have is access to the PayPal account. In addition, PayPal currently sells Bitcoins only in the United States.
For the moment... but Dan Schulman said they will bring Bitcoin to Venmo soon and allow payment in Bitcoin to merchants. I don't know if this will be true bitcoins you can withdraw, but Paypal will offer that soon.

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November 27, 2020, 11:51:12 PM
 #248

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.

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November 28, 2020, 02:28:18 AM
 #249

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.

That day will come to the casino when they start to use bitcoin, but before they use bitcoin or integrate their system into bitcoin, they need to prepare many things that we don't know. I agree that it will be easy to scan the barcode to the house, and the gambler can get their crypto. When bitcoin is integrated into their system, that will not be just bitcoin that they will accept, but they will accept the other coins.

When a mass adoption happens in many countries, and the government allows the casino to use it too, that will be the time for bitcoin to reach more users that will use bitcoin as a payment system.
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November 28, 2020, 07:51:38 AM
 #250

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.

This idea can actually adopt right now if live casino want it it easy to bring your money using mobile than having it in cash  . Thats is also much secured compared to handing your money,but adding that option they should also prefer to give their players an option to widraw in winnings in Bitcoin incase they win there and want it to have it in Bitcoin .

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November 28, 2020, 09:40:12 AM
 #251

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.

This idea can actually adopt right now if live casino want it it easy to bring your money using mobile than having it in cash  . Thats is also much secured compared to handing your money,but adding that option they should also prefer to give their players an option to widraw in winnings in Bitcoin incase they win there and want it to have it in Bitcoin .
This idea needs more consideration and time before it happens. We have been using different e-wallets and there are some online banking that can be use to transfer funds, this idea of scanning for payment in exchange for chips is the same as we currently have now. So, we have to think of why they would need to have bitcoin if they can even use fiat money to use the same method or without the need of bringing money.
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November 28, 2020, 10:00:41 AM
 #252

As time passes, the usage areas of bitcoin will of course expand and grow. It is used in many areas of our lives, let's not think of it only for gambling games. If it attracts more and more attention, its usage areas will become more widespread.

I agree. Whenever it comes to crypto, people automatically imagines that it's either a currency only for gambling or holding/trading. There is an instinct value of Bitcoin and the blockchain technology which when is recognized will bring revolutions in many areas of the world including offline gambling casinos!
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November 28, 2020, 10:17:38 AM
 #253

Bitcoin have multipurpose use and using in gambling is just one of an option. As mass adoption keeps on happening, bitcoin would be more accepted to pay for goods and services and for casinos as well. Might be where already bitcoin is accepted widely in those counties, casinos as well can start accepting it.
It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.
It will be much easier for every gamblers especially for online gamblers who are also gambling in the physical casino. They can use the same currency which is bitcoin to gamble everytime thet want. This is possible to happen if ever that the casino will see this as an opportunity to increase their cash in method when exchanging for chips.



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November 28, 2020, 11:30:50 AM
 #254

It will be much easier for every gamblers especially for online gamblers who are also gambling in the physical casino. They can use the same currency which is bitcoin to gamble everytime thet want. This is possible to happen if ever that the casino will see this as an opportunity to increase their cash in method when exchanging for chips.
It would become easier IF the casino was a crypto one (naturally, since they'd need to accept crypto only since they're called one) or once people actually lost the idea of using fiat to spend, which is impossible, at least now (or ever imo, at least in my entire lifetime). There's a use for accepting crypto in physical casinos, yes, but it isn't a necessity. In the first place, Bitcoin is used either to help you stay anonymous or to send it internationally without any issues, both of which aren't really helpful when playing in an online casino.

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November 28, 2020, 11:53:19 AM
 #255

As time passes, the usage areas of bitcoin will of course expand and grow. It is used in many areas of our lives, let's not think of it only for gambling games. If it attracts more and more attention, its usage areas will become more widespread.
But if the said currency will be used in every gambling activities then this is a sign of how Good and useful this is right?

We are demanding of Bitcoin to be available in Buying Foods and Goods so being a gambling Money is a good indication How functional and legit this is.

Because gamblers has their own market ,and that is to spend large amount of money to sustain their activities.

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November 28, 2020, 12:12:01 PM
 #256

What do you think?

I think we could see that when Bitcoin is available for offline transactions. I mean when Bitcoin offline transactions are widely used, because I've heard that there are actually people who can transact offline using Bitcoin.
But, the most possible thing for this scenario is to buy chips in the casino using Bitcoin or other alts.

R


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November 28, 2020, 01:43:33 PM
 #257

What do you think?
There are some casino here on our country that is accepting bitcoin and exchanging it for a gambling coins. We can really use Bitcoin as payment for gambling coins but not to the point that Bitcoin is the one that we are going to get because it will be a lot of transaction that can make the Bitcoin traffic full. If they make something like that, all crypto gambler surely will go to that casino wherever they came from because it is like a heaven for them.

I think we could see that when Bitcoin is available for offline transactions. I mean when Bitcoin offline transactions are widely used, because I've heard that there are actually people who can transact offline using Bitcoin.
But, the most possible thing for this scenario is to buy chips in the casino using Bitcoin or other alts.

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November 28, 2020, 02:33:33 PM
 #258

You will not have real bitcoins in PayPal's wallet. You will have a digital copy of bitcoin that you will not have direct access to. You will not have a private key or seed phrase. All you will have is access to the PayPal account. In addition, PayPal currently sells Bitcoins only in the United States.
For the moment... but Dan Schulman said they will bring Bitcoin to Venmo soon and allow payment in Bitcoin to merchants. I don't know if this will be true bitcoins you can withdraw, but Paypal will offer that soon.

They have already offered to buy bitcoins to the US citizens. There is one drawback to this. You will buy bitcoins and they will be in your Paipal account. However, you will not have access to them with a private key. Only through Paipal's account. In this case, how will payment with such bitcoins be different from payment with fiat corrency?
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November 28, 2020, 06:32:34 PM
 #259

It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.
It will be much easier for every gamblers especially for online gamblers who are also gambling in the physical casino. They can use the same currency which is bitcoin to gamble everytime thet want. This is possible to happen if ever that the casino will see this as an opportunity to increase their cash in method when exchanging for chips.
For online gamblers, it's already enough because we're used to it. But for those physical gamblers, as I told, there will be a way for them to transact easier.

It could be easy as scanning it to the counter to have some chips or anything that can be applied as we apply it today. But it all depends on the matter and potential that the casino sees as they accept bitcoin.
They are free to choose it and allow their bettors to use pay bitcoin for their credits while being inside the casino premises.

This idea can actually adopt right now if live casino want it it easy to bring your money using mobile than having it in cash  . Thats is also much secured compared to handing your money,but adding that option they should also prefer to give their players an option to widraw in winnings in Bitcoin incase they win there and want it to have it in Bitcoin .
It's easy for their customers if they have that option. Yet, we'll never know the stand of a physical casino towards bitcoin.

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November 28, 2020, 06:44:23 PM
 #260

What do you think?

I think we could see that when Bitcoin is available for offline transactions. I mean when Bitcoin offline transactions are widely used, because I've heard that there are actually people who can transact offline using Bitcoin.
But, the most possible thing for this scenario is to buy chips in the casino using Bitcoin or other alts.


It is happening already, isn't it? I have ever heard that there are some physical casinos accepts bitcoin as one of the payment method to buy the chips.
It is obvious that this is the only possible way since bitcoin is not a physical currency, so I doubt we will see casinos where gamblers play with physical bitcoin in the future.
IMO what we have now (online gambling industry) where we can play with bitcoin is more than enough. I have no reasons why it should be implemented on physical casinos since I will never be able to play on physical casinos Smiley

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November 28, 2020, 06:56:35 PM
 #261

What do you think?

I think we could see that when Bitcoin is available for offline transactions. I mean when Bitcoin offline transactions are widely used, because I've heard that there are actually people who can transact offline using Bitcoin.
But, the most possible thing for this scenario is to buy chips in the casino using Bitcoin or other alts.


It is happening already, isn't it? I have ever heard that there are some physical casinos accepts bitcoin as one of the payment method to buy the chips.
It is obvious that this is the only possible way since bitcoin is not a physical currency, so I doubt we will see casinos where gamblers play with physical bitcoin in the future.
IMO what we have now (online gambling industry) where we can play with bitcoin is more than enough. I have no reasons why it should be implemented on physical casinos since I will never be able to play on physical casinos Smiley
the same as paying when you buy coffe or when you buy at the store that accepts btc , you pay them with btc and get the items physically but in a casino in real world , you pay them with btc and you got your gambling currencies or chips or they can also create a replica of btc in a form of chips to simulate btc gambling in a real world casino , that would be fun and cool than using plain gambling chips . in the meantime since real world casinos are mostly close , the idea of it can be delayed but we still have our online btc gambling .
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November 28, 2020, 07:00:34 PM
 #262

What do you think?

I think we could see that when Bitcoin is available for offline transactions. I mean when Bitcoin offline transactions are widely used, because I've heard that there are actually people who can transact offline using Bitcoin.
But, the most possible thing for this scenario is to buy chips in the casino using Bitcoin or other alts.

Maybe in the future that some of big companies already started using bitcoin maybe it will be an eye opener for those owner of casino to accept bitcoin as they daily transaction using bitcoin, this could be the easiest to buy poker chips or when you want to cashout your chips into bitcoin as well so it is really a good win win situation how ever we are going to see the taxes that will be incountered when using bitcoin because we knew that the more bitcoin you make transaction the more fee will it get.
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November 28, 2020, 07:17:17 PM
 #263

Bitcoin is kinda designed to work for online casinos so when it comes to real life casinos it will be hard and I doubt most of the casinos will actually adopt this in the future. There are some exceptions in some countries like USA and some from Asia and maybe even Malta , but in rest no one really wants bitcoin in real life casinos but for sure they will implement the payement future and betting future in their online casinos.

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November 28, 2020, 08:04:47 PM
 #264


It is happening already, isn't it? I have ever heard that there are some physical casinos accepts bitcoin as one of the payment method to buy the chips.
It is obvious that this is the only possible way since bitcoin is not a physical currency, so I doubt we will see casinos where gamblers play with physical bitcoin in the future.
IMO what we have now (online gambling industry) where we can play with bitcoin is more than enough. I have no reasons why it should be implemented on physical casinos since I will never be able to play on physical casinos Smiley

I think that many people from this topic have never played in regular casinos and so it is not so important for them to pay there in Bitcoin or not. This is important in terms of the prestige of Bitcoin and its fame. The more places that will be accepted as payment for Bitcoin, the more popular it will be. I sometimes go to regular casinos, but I never want to buy chips for the Bitcoin.
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