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Author Topic: Question for regular casino players. Will you use Lightning if available?  (Read 3370 times)
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April 21, 2022, 10:22:14 AM
 #61

That's why i am seeking of Where will be the first gambling site to implement this LN using.

There's already a lot of gambling site that supports LN you can check them but they are not big of a deal that's why it is not that big of a deal to have LN since most of the users did not use it and still use the normal transaction of Bitcoin.

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April 21, 2022, 10:22:34 AM
 #62

This one is actually pretty straightforward for me. Sure, I will use it occasionally if I have the incentive. However, I don't think everyone would agree that LN is really necessary for casinos to become more user friendly. Some gamblers invest a substantial amount of money for their "entertainment", so the transaction costs of the Bitcoin network are not a huge concern under the current circumstances.

Depending on the situation, I can see potential for Lightning being used for a lot more than gambling, and will likely see it implemented in many applications in the future. But for now, using the mainnet is still more convenient for the end user.

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April 21, 2022, 11:34:36 AM
 #63

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?
If the transaction fee is still very low, I think the use of the lightning network is not really needed because normal transactions can still handle it. And what you say is true that using altcoins that have very low fees can already reduce the costs that we have to spend. So, in this case, as long as the fees we incur are not too high, I don't want to try the lightning network yet, maybe someday and hopefully, the current transaction fees won't go up high in the future.

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April 21, 2022, 11:42:13 AM
 #64

This one is actually pretty straightforward for me. Sure, I will use it occasionally if I have the incentive. However, I don't think everyone would agree that LN is really necessary for casinos to become more user friendly. Some gamblers invest a substantial amount of money for their "entertainment", so the transaction costs of the Bitcoin network are not a huge concern under the current circumstances.

Depending on the situation, I can see potential for Lightning being used for a lot more than gambling, and will likely see it implemented in many applications in the future. But for now, using the mainnet is still more convenient for the end user.


I agree with this I am sure users wasn't really that concern about the fee since they have money to sustain their gambling hobby and I think the fee right now is not that expensive and it is not all the time that it is expensive but it is better to have the Lighting Network available if possibile since some users may really don't have budget or limited budget for their gambling and this LN could be really useful.

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April 21, 2022, 12:52:39 PM
 #65

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 guess the majority of members here in Bitcointalk will choose Lightning network if there's an option and why not gamblers prefer casinos with a lot of options to deposit I seldom use Bitcoin I prefer altcoins I'm holding my Bitcoin for the next halving but  I'm ready to use the lightning network if there's an opportunity to use and besides its additional attraction for casinos with a lightning network.

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April 21, 2022, 01:04:11 PM
 #66

I wouldn't use the lightning network even if it were available since I have gotten used to using BTC and other popular altcoins and I never faced any major issues with them so far.

Many crypto gambling sites that I gamble in don't charge deposit and withdrawal fees and the TX speeds are pretty fast. I know that the lightning network transactions are faster and cheaper in comparison, but I am not really interested in it.

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April 21, 2022, 01:31:15 PM
 #67

I wouldn't use the lightning network even if it were available since I have gotten used to using BTC and other popular altcoins and I never faced any major issues with them so far.

Many crypto gambling sites that I gamble in don't charge deposit and withdrawal fees and the TX speeds are pretty fast. I know that the lightning network transactions are faster and cheaper in comparison, but I am not really interested in it.

That's right, me too I get used in using the mainnet BTC and using other coins as an alternative if the fees become expensive and I am not yet familiar with LN and that's why I am not comfortable using it in doing trasactions.

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April 21, 2022, 09:06:42 PM
 #68

I think that some casinos that offer provable fair betting can greatly benefit from the Lighting Network. It is basic rule of the business - even if only 10% of the people that uses you site or casino can benefit or wishes to use the LN is a really must have or else the site will be spending money in marketing to that people that eventually do not join or join other sites because they do not feel correctly served.

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April 21, 2022, 09:51:44 PM
 #69

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?

Apparently there are no real difference when you would use a Lightning Network or an Altcoin that has fast transaction speed regardless of how many confirmation it uses. Nevertheless, some gambling platforms (even those that were popular in the forum) doesn't use lightning network as XRP and other coins already offers fast transactions (some were approx less than 3mins afaik). Plus, having a lightning network should also require the platform to have their own LN client and not everyone are fond of using LN. (btc they receive from LN should only came from another LN -- which in some cases most mainstream crypto wallets doesnt support as well, hence kinda unnecessary)
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April 21, 2022, 09:55:49 PM
 #70

I think I wouldn’t use lightening network even if they were available because I don't need fund on casino regularly. It’s like, I deposit and play for few weeks, sometime even a month. Also, there are alts through which we can deposit for almost free.

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April 21, 2022, 10:09:44 PM
 #71

Not a thing or two for me. Whichever is available on my load, that's what I'm going to use as a bankroll but this isn't a thing for me, the more available crypto, the better.
There are casinos that have already did the first step of doing this so I think, not a big thing anymore if the rest starts to add LN to their deposits and withdrawals.


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April 21, 2022, 10:31:42 PM
 #72

~snip~
There are casinos that have already did the first step of doing this so I think, not a big thing anymore if the rest starts to add LN to their deposits and withdrawals.
^That's right, LN is not a big deal anymore and I don't think the casino will support this LN because it seems through transaction gambling casinos also have a benefit on it. As we can see gambling operators have their own transaction fee which I think they also earn on it and even though a gambling casino that has a free withdrawal did not even use this LN. Probably because LN transaction is good for bulk transactions only which is not good in many gambling platforms because it has an only individual transactions.
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April 21, 2022, 10:41:30 PM
Merited by Wind_FURY (1)
 #73

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?
Lets put up some sites that do accept LN payment.

https://betplay.io/en/
https://thunderpick.com/
https://simpledice.com/
https://luckydice.com/

Havent tried or tested if it does work smoothly but its good that there are platforms who do make use of it.

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April 21, 2022, 11:21:31 PM
 #74

Sure I will and I even invite everyone to use it not just because the transactions are faster and have lower fees but also because using the lightning network helps the bitcoin network as a whole by reducing the number of on-chain transactions which will result on lower fees.
I use nothing but bitcoin so if the network is congested (high fees + slow confirmation) and the casino does not accept zero-confirmation transactions, lightning payments are the best option for me.

Besides, using LN isn't as complicated as it used to be in the past and most reputable wallets support it. So, there is really no reason not to use it.

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April 21, 2022, 11:31:52 PM
 #75

That's why i am seeking of Where will be the first gambling site to implement this LN using.

There's already a lot of gambling site that supports LN you can check them but they are not big of a deal that's why it is not that big of a deal to have LN since most of the users did not use it and still use the normal transaction of Bitcoin.
This is what i had observed too on where people do keep or retain on making use of casual Bitcoin payment transaction rather than on using LN.We know that LN do
solves out scability and fee issue but it seems the network isnt really showing off that kind of problem thats why people arent minding about it but for sure
when market tends to clogged and affect fees once again then LN discussion would surfaced out once again.

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April 22, 2022, 05:28:50 AM
 #76

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?
Lets put up some sites that do accept LN payment.

https://betplay.io/en/
https://thunderpick.com/
https://simpledice.com/
https://luckydice.com/

Havent tried or tested if it does work smoothly but its good that there are platforms who do make use of it.


I'll register to one of them, and try it through simple steps anyone can do using BlueWallet, a mobile app. I hope I win so we can see how withdrawals work. Plus another problem for regular Lightning users is converting their coins offchain to onchain. They need use a service like, https://zigzag.io/#/ which requires the user to pay more fees. I believe those casinos/gambling sites should give a choice for both offchain and onchain withdrawals even if the deposit was offchain.

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April 22, 2022, 05:46:09 AM
 #77

I would love to use Lightning at my favorite casinos but none of them offer it,,, even though have been asked before. To be fair however,,, there has not been a real need to use it recently as I can recall unlike 2018-2019 when there was such a pain waiting for confirmations. These days I deposit and you see it pretty much one block later, and only for 2/3 satoshi per byte fee which honestly is a few cents (and even that is overpaying a bit).

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April 22, 2022, 06:41:50 AM
 #78

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?
Lets put up some sites that do accept LN payment.

https://betplay.io/en/
https://thunderpick.com/
https://simpledice.com/
https://luckydice.com/

Havent tried or tested if it does work smoothly but its good that there are platforms who do make use of it.
Unfortunately, not too many gambling sites use LN yet.  This list just reminds me of some kind of experimental testing of LN for the cryptocurrency gambling industry, and not regular use as it happens for other cryptocurrencies.  It is possible that there are not too many users yet due to additional manipulations with the wallet and some complication.  Perhaps most players are just too lazy to understand LN? 
And this is disappointing because you can play with LN with a very small amount of Satoshi.  And this is important for countries where the level of income of the population and the general standard of living are low compared to European countries.

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April 22, 2022, 06:50:08 AM
 #79

I wouldn't. Transactions on the main chain of bitcoin hasn't been sluggish lately, and that suits my needs so far. Not always in a hurry to withdraw, and whenever I do, I don't even remember that I initiated one until I receive the notification that I already have the funds in my wallet. If it's way cheaper then perhaps I might consider it, but I doubt that since it adds another layer to the transaction, and those who created that layer will ask more, on top of that the fee that the casino charges.

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April 22, 2022, 07:25:04 AM
 #80

The people who don't know about Lightning Network.For them
"The Lightning Network is a "layer 2" payment protocol layered on top of a blockchain-based cryptocurrency such as bitcoin or litecoin. It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the bitcoin scalability problem. Source:Wikipedia"
If there is no option without Lighting Network then I will use them . Otherwise there are more option I mean there is lot of alternative coin who give low transaction fees.


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