Blockchain and Gambling

[Wexnident]

There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.

Its just a matter of profitability and scammers use the current trend to accumulate costumer to be scam easily that's why eventhough there's blockchain involve on gambling we cannot guarantee any legitimacy of their project. And yeah we need transparency since this is one of important things needed to have by the dev's itself, for this we need to check which of those current blockchain based gambling site running good and transparent so that we can safely say that we are at lower risk investment or platform to play on.
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Now that's just a stupid argument imo. Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.

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[noorman0]

There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.

There you have it, casino transparency is not just about blockchain based or not (although this is the best solution). Because all we need is to play honestly without any problems. Honest casinos will still be honest, they don't need to make massive defenses (even just need to be silent) in handling cases of great value disputes. Their users will always imply positive value to the public without a doubt.

-snip-

Mate, please fix your quote.

[aioc]

There are still some gambling site that works with Blockchain technology turns into a scam project because they don’t want to pay the gamblers so for me Blockchain still not a guaranteed but a good options especially to those serious gamblers. We need transparency in gambling, blockchain made it possible so I do agree that good gamblers should really improve their blockchain system.

Totally different thing, even if there is transparency in the blockchain if the gambling casinos want to scam their players they can do it, by creating false allegations we have seen that happens so many times in the case of 1XBIT where players get ban because of alleged violation they commit but it is not within the scope of blockchain, it's a different subject, what I'm trying to say is Cryptocurrency gambling also has its share of scammers.

[Wakate]

I'm glad the mediator is being honest about it. It's his job to help those who have disputes and this could ruin his profits but he thought about the good side of introducing the blockchain technology that will ease the difficulties of tracing back the transactions. Who would do that this days?
He could just keep his mouth shut and take as many disputes as he can from gamblers and yet he wanted a progressive way. Small problems could be directed to gambling platform support while he can focus on big amounts.

If more sophisticated tools are used in block chain transactions then it might be hard to recognize and track down transactions making it impossible for ordinary tracking. Using block chain in gambling had been a good innovation making it easy for gamblers to make transactions from one wallet address to another increasing the chances of more gamblers in making bets.

[semobo]

A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.

[dimonstration]

A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.

There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.

[semobo]

A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.

There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.

Crypto gambling industry is not using the blockchain technology in their casinos, they are just allowing the blockchain based cryptocurrency to be their accepted payment. And the script can't be manipulated, if they do then they will get caught for sure.

[Renampun]

...

blockchain technology + gambling = 99,99% probably fair

from what I know that blockchain technology has changed the order of gambling that has occurred so far, nothing can be hidden, everything is clearly visible to the public. Gambling in traditional casinos is still prone to be deceived but in crypto casinos the percentage is almost zero.

[3meek]

...

blockchain technology + gambling = 99,99% probably fair

from what I know that blockchain technology has changed the order of gambling that has occurred so far, nothing can be hidden, everything is clearly visible to the public. Gambling in traditional casinos is still prone to be deceived but in crypto casinos the percentage is almost zero.

As has been said many times here, cryptocurrencies in many online casinos are just one way of making a deposit... And the casinos themselves do not use blockchain technology! Not many gambling sites can give you a hash of your transaction when you play, and those that can do it are mostly dice games... So I don't understand why you say something is visible to the public...

[RealMalatesta]

Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.

Scammers will find the most trendy way to scam people at all times. There are no scammer that would stop at a certain level, whatever they need to do, they will keep on doing it, as long as they know that there is some money to be made.

I have seen scammers who ended up spending a million dollars (not their own money, from investors money that they earned) in order to make even more profit. So that means, they started out with a small scam, got popular, earned a lot of money and they could have just scammed and took that money and get out, reached 50k dollars? Take it and leave and let it be a scam right? No they put everything back into marketing and turned it into something huge and then they ended up leaving with few million dollars instead of just 50k. Last I heard they were sued but not jailed, they were just waiting for the judge to decide on the punishment or something I believe.

[izsara]

A casino can be transparent with the provably fair script so there is no need of blockchain technology in the place of ledger there, even if they have one still it is going to be very easy for the casino to manipulate since they are going to have the control of all nodes and if they are going to share the nodes then the privacy will be affected for sure.

There is a need for blockchain for us to be able to verify the bets as well the results of the game, if it will just be a normal script it will only be manipulated by the casino and will not get people to play in them. We see how the adoption of crypto gambling boom to fast is because of the transparency that blockchain gives. We were able to see whether it’s a true bet or not thru verifying the sources on it.

but the reality is not like that because indeed all those based in the gambling industry do not use blockchain but only use crypto media to make bets and to transact.
the casino remains a casino with all the data rules and scripts they use to manage their gambling and crypto will still be on the blockchain because it is used only as a means of payment, and its position is the same as fiat or chipscoin which is used as a means of payment.
there is no problem about it because they are different in type but their purpose at the casino remains the same.

[Wakate]

Blockchain in of itself is a pretty good system to be used, and it being used by scammers is proof enough of how good it is, since really, scammers go with the trend, they'd friggin use ANYTHING they could just so that they could profit with good ones being the priority. It's really as simple as that, they'd even use the name of some bloody random kid in the street if said name could net them millions in profit.

Scammers will find the most trendy way to scam people at all times. There are no scammer that would stop at a certain level, whatever they need to do, they will keep on doing it, as long as they know that there is some money to be made.

I have seen scammers who ended up spending a million dollars (not their own money, from investors money that they earned) in order to make even more profit. So that means, they started out with a small scam, got popular, earned a lot of money and they could have just scammed and took that money and get out, reached 50k dollars? Take it and leave and let it be a scam right? No they put everything back into marketing and turned it into something huge and then they ended up leaving with few million dollars instead of just 50k. Last I heard they were sued but not jailed, they were just waiting for the judge to decide on the punishment or something I believe.

I think block chain is the lastest place for scammers to get there victims since many persons are still ignorant about how the block chain interface works. Many projects that had end up scamming many investors making then to ignore cryptocurrency limiting people from attempting to use block chain while increase the fear of them losing there fund if the make of it.

[South Park]

I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company.

Saw that happened in some casinos, even it's already proven to be a win by the gambler. They just don't want to give that prize that he deserved to win.

While this is very sad at the same time we can be satisfied with the knowledge that those casinos are not going to last long, people in this market are very susceptible to any wrongdoing from casinos as they know that they cannot really get their coins back unless the casino is honest, so once one of those issues appears and it can be proven the player is on the right and not the casino and they still decide to not give back the money then the community as a whole will avoid such casino from now on.

[AmoreJaz]

I strongly agree with you, in every centralized system there must always be this unsatisfied service rendered. It could either arise from the house not willing to pay a won slip or from the gambler who would want make claims to winnings that might go against the gambling policies and since this services can be easily manipulated policies could be made in favour of the company.

Saw that happened in some casinos, even it's already proven to be a win by the gambler. They just don't want to give that prize that he deserved to win.

While this is very sad at the same time we can be satisfied with the knowledge that casinos are not going to last long, people in this market are very susceptible to any wrongdoing from casinos as they know that they cannot really get their coins back unless the casino is honest, so once one of those issues appears and it can be proven the player is on the right and not the casino and they still decide to not give back the money then the community as a whole will avoid such casino from now on.

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

[Ryker1]

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Well the reason I always chose a casino that has a business here is that I know they are hard not to find if there is a technical problem --you can easily reach the team for customer support. The review site has its own review of a certain casino on its own, that is why I don't trust watching a review on a review site it should be under by the community review not rely on a single person. For me, those who are in this forum that continuously offering their service and have of course a good reputation will always be good to trust and leave your fund.

[coin-investor]

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Well the reason I always chose a casino that has a business here is that I know they are hard not to find if there is a technical problem --you can easily reach the team for customer support. The review site has its own review of a certain casino on its own, that is why I don't trust watching a review on a review site it should be under by the community review not rely on a single person. For me, those who are in this forum that continuously offering their service and have of course a good reputation will always be good to trust and leave your fund.

That is true casinos can get paid reviews but they cannot bribe the whole members of the forum to give them good feedback, because members of this forum are players to who also keep on watch good and bad casinos in the industry, they are also giving honest reviews they don't care if the casino they are playing will suffer, because they prefer to protect the interest of their co-players and themselves as well.

[Lucasgabd]

<...>

The L2 solutions designed to scale the ETH network are quite suitable for gambling activities if a person often gambles and has enough available funds to send from the mainnet ETH to Optimism or Arbitrum and keep them there.

I recently sent ETH to L2 solution Optimism - input commission was about $88 and output to the mainnet ETH was $92 with a recommended gas price of 55-70 gwei.

Commissions when sending ETH to L2 solution Arbitrum with the same gas price are 3-4 times less.

In my opinion it is much more convenient to use Solana network which has fast and inexpensive transactions.

Solana has many problems too, have you heard about the fail?
I like Sam but don't think it'll be the ethereum killer...
too centralized

eth has the first mover advantage and the fact the people pay the taxes even at this point is in reality bullish for the network

[alegotardo]

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.

[Oilacris]

this is why it is very important to check the background of the casino, in terms of reviews/feedbacks, check if those are legit. because some of them are just trolling to ruin the image of the casino. in this forum, we can always check the trust summary of the casino rep/admin, for those who are still new to this. if they have gotten legit negative feedback from reputable member, then think twice of sending money to that casino. in time, we will know if the casino will always treat their players in fair manner or not.

Exactly!
This forum is an excellent place to check the reputation of any site that has anything to do with cryptocurrencies.
And the community here is so honest on this point that even members of subscription campaigns that carry advertisements for rogue sites end up being penalized with a "Flag".
In the gambling sector, this system is even more reliable, if a site is dishonest surely it must already have some history of complaints around here.

This place on where  should people do  really make out some search because you could really see the community here do really help out or could really make out complaints and feedbacks on any sites that do exist in the
market whether its new or old.

Feedbacks are important because this would be your main basis whether you do tend to play on a site or not basing off with its reputation and you could confirm it up here on this place on point.

Also you could find lots which are known and reputable if you do make out some search but if you do just ignore then it would be your own mistake.

[timerland]

Blockchain is definitely a great improvement in the gambling industry. With blockchain, not only are data publicly available for anybody who wishes to check, these data are also resistant to tampering. So blockchain gambling gives some assurance to the players that everything is fair and transparent.

Conflict settlement will be much easier when blockchain is utilized in gambling platforms. The future for blockchain gaming is much brighter.

I don't think that conflict settlement is necessarily what OP is talking about.

He's moreso talking about settling bets, in terms of payments etc.

Smart contracts definitely help in this case but I think that we are still a long way off from people actually embracing decentralized casinos fully.