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March 29, 2023, 10:21:34 AM
Last edit: November 26, 2023, 11:12:11 AM by Newchanka
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How the Online Cryptocurrency Community Shapes Cryptogambling

The story of the giant leaps that the online gambling industry has made cannot be complete without making reference to the cryptocurrency community. The community was at the forefront of most of the innovations and adoption of cryptocurrencies by the online gaming industry.
Importance of the Community.

It is a fact of history that without the cryptocurrency online community, cryptocurrencies would never have become as popular as they are today. Most cryptocurrencies and projects such as Bitcoin and Ethereum were developed by a handful of blockchain, finance, and cryptography experts. But in terms of creating awareness, the crypto community has been at the forefront of driving adoption. And one space that has played a prominent role in crypto adoption is the gambling industry.

Some Examples of When the Community Made an Impact

Creating Use Cases for Cryptocurrencies

Bitcoin, the first cryptocurrency, was distributed freely to the earliest holders, who were mainly cypherpunks and other people who were interested in the concept of digital money.

In June 2010, for instance, Gavin Adressen, the Bitcoin lead developer, announced on Bitcointalk that he had set up a website that would distribute 5 BTC to every visitor for completing a captcha. This was just one of his many contributions to driving the adoption of cryptocurrency.
A month earlier, Laszlo Hanyecz, a Florida programmer, spent 10,000 bitcoins on pizza.

These are some illustrations of the quandary that the early adopters of Bitcoin and other cryptocurrencies encountered. Some had so many cryptocurrencies but were uncertain if and when the assets would become means of transferring value.

Most of these people were not certain that cryptocurrency would be acceptable to the general public. Neither were they aware that it could become a mainstream phenomenon.

How the Online Gambling Community Drove Adoption

One of the earliest use cases for Bitcoin in the online community was gambling. Early holders of the cryptocurrency, out of the need to put them to use, developed various games in which participants wagered bitcoins. These were bets, schemes, and wagers that were based on forums such as Bitcointalk and Reddit.

The Era of Forum-Based Blockchain Gambling
For instance, a 2012 forum jackpot game posted on Bitcointalk by a user, Dego, is explained below:

Dego called for participants to place minimum bets of 0.1 BTC and maximum bets of 2 BTC for a chance of doubling their bitcoins in the games. Two winners would have their coins doubled. These are the first and last players. Another would earn 15% of all the deposits as the next-in-line jackpot winner, who would be selected based on a set of criteria. In all these, the OP, who is representing the house, earned 5% of all deposits made by those who wagered.

Dego promoted his cryptocurrency-based forum game with this line:
"Double your bitcoins in this pyramid game! Pay fast and win; come last and win too!"

A Foundation for Crypto-Casino Platforms

Games such as Dego’s were the precursors of modern cryptocurrency casinos as we have them today. It is not inconceivable to infer that some of the online cryptocurrency casinos were inspired by these forum-based wagering games. There is also a possibility that many of the originators of these games were the brains behind some online crypto casinos, especially those that have a strong presence in cryptocurrency forums such as Bitcointalk, Cryptotalk, and Reddit.

Contributing To The Growth Of The Crypto Gambling Space

There are several ways that the online crypto community has contributed to the growth of gambling. Some of these are explained in this section.

Funding for Online Gambling Platforms

With the surge in popularity of cryptocurrency casinos, more businesses interested in the gambling space are seeking ways to enter the online crypto gaming sphere. Funding options available to such would-be founders include angel investors, personal funds, and crowdsales. Irrespective of the choice they make, the founders would need the support of the cryptocurrency community if their roadmap translated to a successful gambling business. This is especially true if they opt for crowdsourcing.

Gambling crowdsales generally incorporate the participation of the online cryptocurrency community. The community members participate by investing in promising online casinos by buying casino tokens, with the hope of sharing in their success in the future.

Spreading the word about crypto casinos

The community also participates in spreading the word about the new casino through bounty and signature campaigns organized by the team behind the new gaming platform.

Casino Bounties

Bounties generally pay participating community members for spreading the word about the new casino by paying with the casino’s internal currency or token. The founders allocate a fraction or percentage of their tokens to bounty participants.
Online community bounty programs generally involve promoting a new or existing gambling platform through channels such as social media, video production, blog posts, and more.

Signature campaigns for gambling platforms

For signature campaigns, the casino owners pay participating community members a fixed amount in the agreed cryptocurrency. The payment is usually dependent on the value that the participating member is expected to bring to the publicity. Experienced forum members with higher ranks would likely get higher payments from the organizers of a signature campaign.
Casino Reputation

Players are mostly at a loss on how to ascertain how reputable a casino is, especially if it is their first time using such a gambling platform. They’re also mostly unaware of the shortfalls that they could encounter if they’re oblivious to the policies of the casinos they play at.
The online crypto communities are the best fora to consult at such times, since any casino that has been around for some time would have something written about them in the forums. The experience of other players helps prospective punters make informed decisions. Even when there are no such reviews, the user could ask questions about the casino and get the opinions of community members who have used the platform. This is a reliable way of knowing how credible a casino is.

There are instances when players feel that a casino is fraudulent because it refuses to pay winnings. However, the issue could be linked to the player not being well informed about the casino's TOS before placing bets. For instance, placing a bet in a casino from a restricted country could result in issues such as seized funds.

Nevertheless, there are other casinos that are actually dubious and regularly seek opportunities to cheat the player, especially when they win big in bets. The fact that these casinos have huge bankrolls doesn’t change their bad reputation. The player can only know about and beware of such casinos if they are aware of updates about such platforms in the crypto community.

For example, a 1xBit user posted this scam allegation against the casino on BitcoinTalk:
"I decided to bet on a WNBA match with odds of approximately 1.65 and a total of 4000 USD.

The match went well, my match was successful, and I won the bet. Shortly after I received my winnings (a  total of 6592 USDT), I decided to withdraw the whole amount to my TRC20 USDT address. However, shortly after that, my withdrawal was declined (no reason specified)."

Here is the comment in response to the allegation:
"This is just another number. No one is going to show any interest in your thread, unfortunately. We are bored to see accusations against 1xBit. There are many of them on this scam accusation board."

It is important to note at this point that the community reputation of a casino is more important for its reliability than a license from an island thousands of miles away in a PO box.

New Game Development and Trials

Gaming platforms collaborate with game makers and providers to give the gambling community some of the most engaging games ever known. These games are not developed at the whims of the makers but with the active collaboration of the gambling public. The online cryptocurrency community plays an active role in testing new games for gambling platforms.
Resolution of Issues

Many gambling platforms promote their businesses in cryptocurrency forums. They also have representatives that actively monitor the happenings on these forums. Punters that have unresolved issues with cryptocurrency casinos usually post these at the forums. When such posts are made, the casino representative or owners usually get notified, especially if the complaint was made on the casino's announcements thread. Thousands of casino-related issues that the player couldn’t resolve have been fixed in-forum because the casino owners wouldn’t want bad publicity within the community.

Here is an example of a complaint made by a player:
"After six days of waiting, I saw no other option than to open a topic here. I created an account on D., played the first bet, which was a winner, and tried to withdraw my money. After that, they asked me about KYC. July 10, 2022
Whenever I asked them if KYC was confirmed, I would get the same generic answers from Live Support. They don't know anything; I need to be patient; they don't know when it will be finished; there is no ETA."

Another member advised that the complainant contact the casino representative for a quick resolution of the issue.

Detecting scam casinos

There are many shady gambling sites out there. The members of the online cryptocurrency community usually share their experience using various gambling platforms. When people lose funds at scam casinos, they sometimes post their experiences in forums. Such posts serve as guideposts for future prospective players to avoid such scam casinos. Punters who encounter issues such as non-payment of winning bets also take advantage of the experience of other community members to determine if they used a fraudulent casino or just experienced delays in withdrawals.

Freelance Services

The crypto community brings together people of diverse backgrounds, cultures, and skills. The online crypto gambling industry, as an integral part of the community, utilizes the specialized skills of community members to build and promote their businesses. Freelance skills such as translation services enable gambling platforms to reach local communities in their native languages. Most crypto gambling businesses are known to have a presence in the online cryptocurrency sphere. They also hire community members to help them accomplish their casino roadmaps.
Important Online Crypto Community Forums

BitcoinTalk

This is one of the oldest cryptocurrency forums. It was founded by the Bitcoin inventor, Satoshi Nakamoto, in November 2009. The forum is also the largest online community dedicated to cryptocurrencies.
To access the gambling section of the site, go to Bitcoin Forum > Economy > Marketplace > Gambling.
Its child boards are Games & Rounds (where several gaming platforms advertise their recent offerings), Investor-Based Games (which are mainly Ponzi, HYIP, and other scams), and Gambling Discussions.
To use this forum effectively, the player should also go through the Scam Accusation section found at Bitcoin Forum > Economy > Trading Discussion > Scam Accusation. This is the section where casino scams, issues, and the reputation of the service quality at online crypto casinos are discussed.

CryptoTalk

This forum was established in 2019 and has been promoted as a post to earn BTC platform. To access the gambling section, click the hamburger menu at the top left side of the forum. Scrolling down shows gambling, HYIPs, and free coins. This is where service discussions about cryptocurrency casinos are held. Going through the comments section of the gambling platform that the user is interested in would give them insight on what to expect, since Cryptotalk doesn’t have a scam review section.

Reddit

The subreddit, r/onlinegambling, has 11.5K members. It is one of the largest subreddits dedicated to crypto gambling. User-generated content on the subreddit is mostly questions about casino services and promotions by casino management. The sidebar promotes several online casinos, sportsbooks, and poker platforms. Even though these are promoted as the best platforms, this is not necessarily so.
As a general rule, referral link spam, begging, doxxing, and sale pitches are prohibited on these gambling subreddits.

BeermoneyForum

With 223k members, BeermoneyForum is one of the leading online forums for cryptocurrency gambling. Two related sub-sections of this platform are the investing and gambling sub-forums. The former is where user-generated HYIPs and ponzi schemes are advertised, while gaming and gambling platforms are found under the Gambling section. One advantage of this forum is that the administrators and moderators routinely flag casinos and services involved in scams.

Conclusion
Online casino operators have strong links with the crypto community, since this community is the driving force behind Bitcoin and altcoin adoption. It is the community that determines the acceptance, rejection, or popularity of specific tokens. So casino owners generally ensure that their service offerings are in agreement with the demands, current trends, and direction of the online crypto community.





              

Quote
Bitdice Review: All You Need to Know About This Casino

Bitdice is an online casino that has served the needs of punters since 2014. This review explains all that you need to know about this gambling platform.

Table of Contents
⦁   First Impression and Main Info
⦁   Languages
⦁   Limits: Per Game Max and Low
⦁   Pros and Cons
⦁   Registration and Account Setup
⦁   Verification Procedure at Bitdice
⦁   Welcome Offers and In-Play Offers
⦁   Bonuses Available at Bitdice
⦁   Game Availability and Providers
⦁   App Availability
⦁   Software Providers
⦁   Sportsbook Availability
⦁   Coins and Payment Methods
⦁   Country Availability
⦁   Customer Support
⦁   Security and Safety
⦁   Community Reputation
⦁   Alternative Options
⦁   Conclusion

First Impression and Main Info

Bitdice Casino boasts a site that is easy to use. The menu is arranged in such a manner that users can easily access the category of games that they have in mind. A drop-down menu at the top left side of the site gives the user easy access to different sections of the platform. These include the casino, the available bonuses, games, exclusive offers, and a personal dashboard.
The top right side of the site features the registration (signing up) link, the signing in for old users, a live forum comment icon, and a language selection bar. In the lower left corner, the player can access customer support via a live chat.

Languages

A user has to choose from five languages. These are English, French, Spanish, Dutch, and Portuguese.

Limits: Per Game Max And Low

While using Bitdice for games, the maximum bets per game are not easy to figure out. This is not available in the user statistics on the dashboard. However, the best way to figure out the maximum bet for a particular game is by attempting to place as high a bet as possible. Alternatively, the player can use a high multiplier, such as x890,000, The Bitdice system would give feedback on the bet limit since the potential win is higher than the acceptable limit for the game.

The settings of the game in-play show the maximum bet profit the player can get.
As an online casino, Bitdice has been operational since 2014. The platform’s uniqueness stems from the fact that its founders have actively researched the grey areas in the industry with the objective of improving them for the punter.

Pros and Cons

Pros
 A large selection of interesting games with interesting animations
 High maximum bets due to large whale activity on platform
Withdrawals, especially regular winnings, are instant.
Since its overhaul, the casino boasts a beautiful and easy-to-use interface.
The casino is licensed and verified by Gaming Curacao.
Bitdice can boast positive social signals from its users.

Cons
 No auto-betting feature
 Inconsistency in the provision of its sportsbook
 Large withdrawals are not instant.
 Poor relationship with investors (not players)

Registration and Account Setup
Clicking on the sign up link in the top right corner of the website enables the new user to register at Bitdice.
Data required to sign up are username, email, password, and a promo code, if available. The user also has the option of adding two-factor authentication to give their account extra security. After filling in the required fields, agree with the Bitdice ToS, then click on the "Let’s Bet!" button to sign up.

Verification Procedure at Bitdice

There are different levels of verification at Bitdice. The zero level is the email verification. This enables the user to commence placing bets at the casino.

The first level of verification is necessary after a user has won up to $1000 at the games. The requirements for this verification include the player’s first and last name, date of birth, country of citizenship, address, city, and zip code.
The second level of verification applies when the player wins up to $3,000 at the games. It requires a proof of identity (ID) and two photos of the player in addition to the lower-level verification.
A third level of verification is required for winnings of up to $7000. It is also mandatory if the casino suspects a case of money laundering using its service or other breaches of its TOS. For this verification, a document (not older than 3 months) showing proof of address and a bank statement is required.
The casino also demands enhanced KYC for users suspected of being involved in money laundering. This involves proving the source of funds when the user has made deposits of up to $1000 through unidentifiable means such as cryptocurrencies. This also involves deposits made through identifiable means, such as bank cards.

Welcome Offer and In-Play Offers

Welcome Offer
Bitdice's welcome bonus is 100% of the first deposit that the player made. The maximum limit of this bonus is 1 BTC. This bonus can be claimed only once by the player.
100 free spins are available for new players with a wagering requirement of x25.

Bonuses Available at Bitdice

There are several in-game bonuses available at Bitdice. Also available is a welcome bonus for new players.
Other in-game offers include loss credits, bet credits, and deposit bonuses. Deposit bonuses start from the first to the fourth deposit bonus. The player's first-through-fourth deposits are doubled, giving them more play time. Loss back is credited automatically, enabling players to exchange crystals for real money balance in their accounts.

Game Availability and Providers

Provably fair games
Games at the casino are provably fair since most of them are based on blockchain technology. They are mostly random, as can be verified to be fair by the player.

App Availability

There are currently no mobile applications for Bitdice. This means that players have to depend on the main website to access the platform’s games.

Available Games

Bitdice hosts some of the popular casino games such as slots, dice, plinko, blackjack, and roulette. Exclusive games such as Snatch, Dungeon, and Pirate Plunko are also featured on the platform. Live dealer games are also available in baccarat, poker (holdem), Azure Blackjack, Blackjack Classic, and Francophone Roulette. Also available are scratch-card and lottery games, as well as a sportsbook.

Software Providers

Gaming software providers for Bitdice are Pragmatic Play, Evolution Gaming, Wazdan, BGaming, NoLimit City, ThunderKick, REELPlay, Fantasma, GameArt, Gamomat, Hacksaw Gaming, YGGDRASIL, Swintt, Tom Horn Gaming, Oryx, Quickspin, TrueLab, and Platipus.
Other providers are Booongo, Mascot, Push Gaming, PlayTech, Habanero, Amatic, EvoPlay, BigTime Gaming, Booming Games, Steady Games, BetSoft, PlaynGo, Eurasian Gaming, PG Soft, Orbital Gaming, Spinomenal, PrintStudios, and Relax Gaming.

Sportsbook Availability
Bitdice sportsbook features several sporting events such as UFC, football, tennis, basketball, volleyball, ice hockey, and water polo. Table Tennis, among others.
The available events are displayed in a column on the left side of the site. Clicking on a sport opens a tab where the events are listed with the available odds. The player can bet on live events or scheduled ones.

Coins and Payment Methods

As an online casino, Bitdice supports several payment methods. Players can make deposits using cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin, and Tron. Card payments such as Visa and Mastercard are supported. Bitdice also uses payment processing channels such as Neosurf and Interac. The minimum deposit on Bitdice is $10, irrespective of the method of deposit used.
Withdrawals are done through BTC, ETH, DOGE, LTC, EOS, and CSNO. Withdrawal processing on Bitdice is instant. However, users have reported delays of between 24 and 72 hours. This is especially true if the winnings are large. The main reason for the delay in such withdrawals is that the casino has to pull the funds from their cold wallet first.

To either make a deposit or withdrawal, click on ‘wallet, then either choose ‘deposit’ or ‘withdraw, as the case may be.

Country Availability

Country prohibition for Bitdice is restricted to providers. All providers are prohibited for UK residents, while residents of all countries are not restricted by certain providers. These are Mascot, Net, Orbital, and Steady Games.
Players should go through provider restrictions to avoid running foul of the casino TOS. The use of a VPN to cloak IPs and access games in restricted territories could result in sanctions and non-payment of winnings at the point of withdrawal.

Customer Support

Bitdice has efficient customer support. Queries are usually attended to in less than 15 minutes, depending on the number of customers being attended to.
The customer support team uses live chat for quick resolution of issues. Follow-up on queries is done via email when the support desk is not available. However, they do not always have answers and ask to get back to the user.

Security and safety

Bitdice is an online casino operated by an entity, Kairos Overseas N.V. It is registered and licensed in Curacao and operates based on the jurisdictional regulations of the territory.
Bitdice is aware of the hazards associated with cryptocurrency use. The casino ensures that customers’ funds are secured through the implementation of multiple security measures. Hacks, leaks, and unauthorized access to customer accounts are prevented using proven cybersecurity methods.

Setting Up Two-Factor Authentication

The casino's basic security implementations include 2FA on player accounts. Users are encouraged to enable 2FA on their accounts.
To set up 2FA on an account, follow these steps:
Login to your account.
Click on the username

From the drop-down menu, select security."
This takes you to a new page where you can set your 2FA.
On the new page, click on "Activate" for two-factor authentication.
Authentication can be done using Google Authenticator or Authy. Download and install any of these apps on your mobile phone, and scan the QR code using your mobile phone. Input the generated key and click the "confirm" button.

Extra Security Measures

Signing in via a new device requires the user to confirm their email addresses. The Bitdice system is programmed to demand this revalidation by default, even if it detects a new IP address. The player can also authorize the IPs and devices they want to use to access their accounts. They can also set up login authorization via email every time they sign into their Bitdice account. This setting overrides IP and device authorization, enabling the player to manually approve every login from their email accounts.

With the Bitdice security system, the player can also whitelist specific IP addresses through which their accounts can be accessed. This effectively eliminates unauthorized access to the player’s account.
The lock-withdrawal feature of this casino makes it impossible to send funds to any other addresses except those specified by the owner.

Community Reputation

Among the crypto gambling community, Bitdice is a reasonably accepted casino. On a scale of 1-10, most would rate Bitdice a 6. What are people saying about the casino?

Bitcointalk

On this crypto forum, many users expressed satisfaction with the quality of service offered at Bitdice. Nevertheless, there are dissenting voices due to occasional delays in making withdrawals. It is worthy of note that Bitdice support resolved all issues that users complained about, such as this one by Kosmokisa,
"This time with the withdrawal of dogecoin. "I've been waiting for my withdrawal for more than ten hours."

Earlier, he had posted:

"Hello! I did my EOS deposit on Bitdice on February 12, 2022 at 04:10 AM (GMT -5h). tx It's been over 20 hours, and I still haven't received my funds. The EOS blockchain works as usual; the network is not overloaded (transactions to other addresses came through fast for a maximum of 5 minutes). Wrote more than ten messages in support without changes."

He insisted that he wouldn’t be using the platform for games.
It is worthy of note that these issues and all others were resolved by Bitdice. This is despite the fact that the casino representatives have not been active on the forum.

When the user announced that their deposit had reflected in their account, a community member, YinShuiSiYuan, responded,
"Thanks for informing us, and it's good that everything ended positively, because I was afraid that the ending of this story might be a bit different. If the person representing bitdice.me reads this thread, they should report this type of situation. I understand that in some situations, withdrawals can be delayed because they need extra review, but when it comes to cryptocurrency deposits, they should be automatic. After all, even in the case of doubts, the security team will be able to verify everything before someone wants to withdraw."

Reddit

At the Bitdice sub-reddit, the main concern of investors is that the casino has yet to pay a dividend to investors for months. According to Salmen2,

"Dividends haven't been paid out, and the team is ignorantly refusing to reply to any emails. And now, the internal market has been shut down, which means people are sitting on losses."

Trustpilot
On the review website Trustpilot, Bitdice is rated 3.8.

Alternative Options

Alternative casinos to Bitdice are Winz.io, Cloudbet, and GG Bet.

Conclusion
Bitdice is a modest casino that has built a reputation as one of the longest-standing cryptocurrency casinos. Its large collection of slots, live games, and lotteries meets the aspirations of most users.





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