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Author Topic: Question for regular casino players. Will you use Lightning if available?  (Read 3377 times)
magneto
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April 20, 2022, 08:20:51 AM
 #41

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

Not really. Maybe when fees were higher.

I think the fees are low enough right now for me to use BTC if I wanted to without having to use LN.

Also the adoption rates of LN is so low outside of a few niche merchants. Half or more of BTC users probably have never even used it once in their entire lives, which makes building LN infrastructure a very tall task.
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April 20, 2022, 12:04:53 PM
 #42

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

I am not very familiar about the Lightning Network. Only read about it a little from time to time, but never saw how the implementation in a casino would actually work. Could you maybe explain a little here in the thread what the advantages are over the usual casino design, and what the draw backs are? As far as I understand it the Lightning Network is a second layer over blockchain networks that helps in making smaller transaction between 2 parties without need to actually transfer funds. On paper that sounds very good, because many people trying out a new casino will not do so with large funds, but rather smaller amounts. If it is a cheap and easy way to reduce transaction cost I am wondering why it is not being implemented.

This is a good suggestion. OP can probably do this in a separate thread to explain the pros and cons of having and not having lightning network on a casino to help players decide whether to use it or not. There are several casinos already implemented this lightning network, but so far the active players count of them still remains the usual. I know it offer cheaper fees and faster process of transaction, but maybe OP could elaborate to what extent of usage it is that beneficial.

There are still few who implemented this which I believe we could enumerate easily. But this would be a good option in case a gambler wants an alternative for their transactions. Although it would be better if everyone would understand why would they need it and how they could utilize it if there would be any in the casino they currently are playing with.

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April 20, 2022, 01:31:19 PM
 #43

I'll stick with altcoins for a while and see how the Lightning Network develops in casinos that implement it.
Meanwhile, if depositing bitcoins from one wallet to another didn't cost so much and didn't take too long to get confirmed, that wouldn't be a problem for me either.
But maybe it's a good move to implement Lightning Network in casinos so that gamblers can have more wallet alternatives to make deposits.
Integrating Lightning Network is a choice that will depend on the casino's decision.

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April 20, 2022, 01:52:15 PM
 #44

I'll stick with altcoins for a while and see how the Lightning Network develops in casinos that implement it.
Meanwhile, if depositing bitcoins from one wallet to another didn't cost so much and didn't take too long to get confirmed, that wouldn't be a problem for me either.
But maybe it's a good move to implement Lightning Network in casinos so that gamblers can have more wallet alternatives to make deposits.
Integrating Lightning Network is a choice that will depend on the casino's decision.
Well, lightening is way too better than the traditional Bitcoin transaction as it gives the user the possibility of paying small fee and having their transaction speedily credited to the receiving addresses, I have tried to reach casinos that are currently using the lightning network in the casino to see how it works but most importantly we should not forget the fact that lightning network is still a new development.

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April 20, 2022, 01:58:53 PM
 #45

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

If it will provide convenience and faster transactions at lower fees then I would prefer using it because, to be honest, high fees are the common problem of most players nowadays. I believe that casino sites aren't far from offering a lightning network for their users but it will take time for development and polishment.
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April 20, 2022, 05:53:37 PM
 #46

there's one casino here which has LN network but it seems that they are still not gaining much interest from the gambling community. why i said that? because their thread is not very active and if you will visit the site, nothing much you can see about their activity. i think gamblers here still prefer using the coin they are used to like btc using the native network. also, when you are dealing with LN, you should also know what youre doing, else, you won't get your funds. though there are dedicated threads in the forum discussing how LN works. but i guess, not many people are willing to learn.
therefore so far I can only use alternative altcoins when gambling. As for Btc deposit, only once when I have more money can I buy Btc and then send it to the casino. Though to be honest I'd rather save Btc than take the risk. And only involve altcoins for every weekend visiting the casino.

In the future, LN could be an option that other casinos will include. However, in the last 2 years, the cost of sending Bitcoin is not as expensive as we think. I found a thread regarding it here https://bitcointalk.org/index.php?topic=5395085.msg59910962#msg59910962
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April 20, 2022, 06:10:07 PM
 #47

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
I am definitely all in when it comes to anything that will improve the user experience in a positive way, I will definitely use it if available, as long as it is meant to improve my experience by making transactions easier, faster and safer.

But on the other hand, question still is, will casino owners be willing to integrate this into their system? I think what they would be calculating is the cost of integrating the lighting network and the benefits or profit it will bring to the casino, if the profit is lesser than the integration cost, then I highly doubt any casino owner or operator would what to walk down that road.

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April 20, 2022, 07:43:43 PM
 #48

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

Which ever is offering the lowest fees, I can wait and it doesn't matter even it takes three days to receive my money as long as I know it will come. As of now I am using Bitcoin and eth for withdrawing and nothing else.

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April 20, 2022, 08:22:53 PM
 #49

Many players do not even know how a lightning network works. They may therefore not even want to use the option to gamble via lightning, I think. The most important thing is that no very high fees are charged. Nowadays you don't have to wait very long for standard bitcoin deposits. Most players are fine with depositing via bitcoin and avoid the lightning network.

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April 21, 2022, 06:34:30 AM
 #50

I can use it, but I prefer to use altcoins for all my everyday operations include gambling. I don't like counting tenths and hundredths of BTC when i can exchange it for several LTC(for example) and use them for gambling with the same or less commissions. BTC costs too much to use it in everyday operations for me, and it is the main reason why i don`t want to use it, regardless of the Lightning.

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April 21, 2022, 06:48:57 AM
 #51

The immediate answer is Yes! There is no reason not to use it if it is available and you are comfortable using it, I think the real issue is why it is not a standard, but there are retrograde casinos that even only accept one type of address.

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traderethereum
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April 21, 2022, 08:15:57 AM
 #52

I'll stick with altcoins for a while and see how the Lightning Network develops in casinos that implement it.
Meanwhile, if depositing bitcoins from one wallet to another didn't cost so much and didn't take too long to get confirmed, that wouldn't be a problem for me either.
But maybe it's a good move to implement Lightning Network in casinos so that gamblers can have more wallet alternatives to make deposits.
Integrating Lightning Network is a choice that will depend on the casino's decision.
Well, lightening is way too better than the traditional Bitcoin transaction as it gives the user the possibility of paying small fee and having their transaction speedily credited to the receiving addresses, I have tried to reach casinos that are currently using the lightning network in the casino to see how it works but most importantly we should not forget the fact that lightning network is still a new development.
Yes, that's why we can wait until the development is completely final and there should be no problem using it.
Maybe as long as we wait, we can continue to use the coins we used before so that our time to bet will not be disturbed.
The existence of altcoins with low fees and fast confirmation has helped us reduce high fees.
But there will be another option to stick with bitcoin with the Lightning network.

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April 21, 2022, 08:21:54 AM
 #53

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
If there's a chance or had been widely been used or available then i would love on using it as long it would be offering cheaper fees then it would be a good option but since fees nowadays are almost free or too cheap
then i dont see that people would be using this one and for now we are seeing that not all are using LN but i have seen some integrated this payment method but i do know its still on development?
Or something that have still some adjustments or some sort? correct me if im wrong.
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April 21, 2022, 08:25:39 AM
 #54

Of course, I'm sure many people will take advantage of this lightning network. as long as it is also facilitated by the casino website. I have rarely seen the lightning network, if it was used, it would certainly be very easy for those who want to solve the expensive solution for bitcoin transactions along with maximum transaction speeds. even so, there will still be people who choose to use regular altcoins because they feel comfortable and feel it is an easier part of playing casinos, such as dogecoin and tron.

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April 21, 2022, 08:37:39 AM
 #55

Of course, I'm sure many people will take advantage of this lightning network. as long as it is also facilitated by the casino website. I have rarely seen the lightning network, if it was used, it would certainly be very easy for those who want to solve the expensive solution for bitcoin transactions along with maximum transaction speeds. even so, there will still be people who choose to use regular altcoins because they feel comfortable and feel it is an easier part of playing casinos, such as dogecoin and tron.
Definitely, lighting network is a great technology for instant and practically free transfers with very low commissions.  This technology has received a new impetus for development in 2021 since the legalization of bitcoin in El Salvador in September.  In this country, they began to use the Chivo wallet, which has this function.  Unfortunately, I have not yet heard about the next steps for the mass use of Lighting Network, but as far as I know, work on its promotion is still underway, although not actively enough.  
But it is clear that the application in the gambling sector is very promising and I would like it to go more actively.

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April 21, 2022, 08:57:49 AM
 #56

That depends on what situation the crypto is in. As of now, the transaction fee is cheap or almost free if you ask me and there are altcoins that have very low fee so, if you ask me right now if I will use lightning network then my answer is no but if the transaction fee right now is very high then yes, I will surely use lightning network to have fast transactions and low fees. Who wouldn't want a high transaction fee if you don't have lots of money?

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April 21, 2022, 09:10:12 AM
 #57

Yes, not a problem. Just like how bitcoin has grown throughout the years with the help of casinos as well. Lightning Network will also be known if through them upon acceptance and support of it.
But the demand can't be controlled, as long as it's there and many casinos do have it because they're seeing that it's gaining traction then that's what it should be.

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April 21, 2022, 09:44:29 AM
 #58

That depends on what situation the crypto is in. As of now, the transaction fee is cheap or almost free if you ask me and there are altcoins that have very low fee so, if you ask me right now if I will use lightning network then my answer is no but if the transaction fee right now is very high then yes, I will surely use lightning network to have fast transactions and low fees. Who wouldn't want a high transaction fee if you don't have lots of money?

You are actually making a very valid point.... some casinos like Freebitco.in and Stake.com have original games where you can gamble with a few Satoshi... and it simply does not make sense to pay say $5 in fees for a Legacy Bitcoin transaction... if you want to gamble for fun with very low bets.

I can see a situation where small gamblers will want to use the Lightning Network to save on fees.. so that they could do these micro betting with a few Satoshi.  Wink

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April 21, 2022, 09:56:06 AM
 #59

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
If it is available in my premium sites? sure I will love using LN for my gambling adventure .

there are ways when we need to use faster and cheaper in fees and Lightning Network allows us to have both.

Yes, not a problem. Just like how bitcoin has grown throughout the years with the help of casinos as well. Lightning Network will also be known if through them upon acceptance and support of it.
But the demand can't be controlled, as long as it's there and many casinos do have it because they're seeing that it's gaining traction then that's what it should be.
That's why i am seeking of Where will be the first gambling site to implement this LN using.

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April 21, 2022, 10:13:43 AM
 #60

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

If it will provide convenience and faster transactions at lower fees then I would prefer using it because, to be honest, high fees are the common problem of most players nowadays. I believe that casino sites aren't far from offering a lightning network for their users but it will take time for development and polishment.
Lightning Network is fast and lower in fees , this is why there are many users of LN nowadays though it is Only small transaction in advantage  that's why until now it is not that well used .
but if Only the whole community be aware? for sure there will be more and more to use this and the casinos surely adopted this long time ago.
Yes, not a problem. Just like how bitcoin has grown throughout the years with the help of casinos as well. Lightning Network will also be known if through them upon acceptance and support of it.
But the demand can't be controlled, as long as it's there and many casinos do have it because they're seeing that it's gaining traction then that's what it should be.
Lightning network must be spread , this must be used by many to prove what is the advantage and what can be the help to small crypto users.

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