Gambling for money contradicts the very idea of money

[Hatchy]

So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

I'm still trying to see how your topic tilted correlates with your write up. For things like airdrops, you literally do some task that makes you eligible for those airdrop rewards. Nothing in this life is given for free and if it is, then it's not worth giving out. In gambling, we received profits based on your level of skills. It's not an easy thing to develop skill in predicting events that yet to Happen. Most people even go as far as taking years to practice the skill so it won't be fair that they end up receiving points and not rewards. Even when we try to say gambling is for fun, it's not totally fun because our main aim while gambling is to see if we can get something in return of the risk we took..

[Jubilee58]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

It would be much better to play for something else. For example, for points.

Cryptocurrency actually fits this quite well too. Especially coins that are given away in airdrops, or those that are easy to mine. Or, really, any coin that only pretends to have value.

So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

Gambling is like a high risk investment or business. When you invest your money in a business, you expect thesame money but higher return. Even if we gamble for point it still amount to thesame thing because this points will still eventually  converted to money and besides not all gambling requires money in some cases some people uses their valuable property bought with good money to gamble. But all thesame , which ever form gambling might take the end result is money .

[tabas]

Gambling is like a high risk investment or business.

Let's not be misled. Gambling for an individual isn't an investment nor a business. Unless someone owns a casino or has been working in the gambling industry as an employee.

When you invest your money in a business, you expect thesame money but higher return.

Those are not the usual investors, they think that greater returns should come just after they have invested. Investors need to break that expectation and belief because not all investments have that great return.

besides not all gambling requires money in some cases some people uses their valuable property bought with good money to gamble.

That's still ends up gambling, they've just sold those what they own for them to have money and to gamble.

[Bitcoin Smith]

No one is creating any money with gambling, this is zero sum game where if one person is winning a huge amount then it is happening as a result of many people are losing on the other side and casino take their share in the name of profits so comparing it with the banking where they are printing their own money or even the crypto where one can create a project out of nowhere that has no value and created based on the supply and demand.

[Russlenat]

You’re just making things complicated. Now you’re giving us problems and making us feel like what we’re doing is wrong just because it goes against what you believe. Give me a break. It’s already hard enough to win in gambling, and now this? Come on. Just chill and enjoy gambling, or if you don’t believe in its principles, then stop gambling for good.

[Pandu Geddon]

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

But when you win a certain amount from gambling, you certainly see the value that can be used for your desires. We cannot look at it from that perspective. When you win money from gambling, there will be a large number of other gamblers who lose money from their bets. Casinos offer wins from bets; you use your money to buy the value of those bets.

[Gozie51]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

This is a critical point to look at. Is gambling creating value? Do the money you gamble with multiply more or reduce the worth in total calculation of win or lose?

From experience and what gamblers have said, there are more loses than winning in the number of players. If you use many to engage with odds that bookmakers provide and at the end you don't have an increase in the value of the amount you have staked, it doesn't amount to any value but zero value.

[lixer]

I'm not quite getting the logic and the theory you are trying to present here, because a casino is just like a service provider, and they are providing you a service, which is a game you are playing, and you are paying the money for playing that game, only with the possibility of you winning something back. Think of any other sport that people play, think of the tournaments, and it shouldn't only be gambling but a sport. A team that advances to the finals, and the win that actually wins the tournament, they are both rewarded with money along with a trophy. What does that mean then?

They are rewarded because they played the game and worked to earn that title, and remember, the sport doesn't necessarily have to be a tiring one, you could also take pool as an example because it's an indoor game that doesn't require a lot of effort physically, but still, if you win, you get rewarded. So, gambling is just like that, you play with money, and if you lose, you played the game and the casino charged you for it, and if you win, you get rewarded for that.

[EluguHcman]

So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

I came in to this bitcointalk forum just as the name of the platform implies and I never had ideal if there was something like the signature campaigns that is payable but to learn about Bitcoin, but on the process as I continue to navigate and understand the forum, there i noticed the existence of the signature campaigns which according to post demands of the crypto casinos being promoting their sites here, it is required that a minimum compulsory that their campaign participants most write in the gambling board in wearing their signature and avatars all for promoting their gambling and casino sites.

This does not authenticate the gambling board most popular afterall there are principled users in the forum who don't give a damned of the signature campaigns and they don't have time posting in the gambling board.

[Beparanf]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

This is a critical point to look at. Is gambling creating value? Do the money you gamble with multiply more or reduce the worth in total calculation of win or lose?

From experience and what gamblers have said, there are more loses than winning in the number of players. If you use many to engage with odds that bookmakers provide and at the end you don't have an increase in the value of the amount you have staked, it doesn't amount to any value but zero value.

If we value entertainment as the main reason why we gamble then money is creating value in gambling through our own self satisfaction.

We get fun and entertainment when we place bets while the downside is the risk we are taking which result to losses but those losses will not be wasted if we are satisfied after we gamble regardless of the result on our PnL.

Technically, it’s hard to stay on profit in gambling if we will view only the monetary gain.

[nara1892]

You’re just making things complicated. Now you’re giving us problems and making us feel like what we’re doing is wrong just because it goes against what you believe. Give me a break. It’s already hard enough to win in gambling, and now this? Come on. Just chill and enjoy gambling, or if you don’t believe in its principles, then stop gambling for good.

Agree, I think as long as we gamble with our own money and do not harm others then there is nothing wrong with that action, especially if we gamble responsibly and do not make winning a priority, honestly I myself do not care about whatever other people say, whatever we will do is our right and the most important thing is as I said above, namely gambling responsibly and only making it as entertainment.

[Maus0728]

You are onto something but I would say that gambling does not really contradict the idea of money, if I am being honest, I would say that gambling is sort of like still giving value but the difference is that you give it the money but you do not exactly expect that the value that you are going to get is going to be the same as any other out there, it is kind of like you are risking devaluation for the chance to get more value.

[YOSHIE]

Gambling for money contradicts the very idea of money

I don't find the basic idea about money that you are talking about here, what money has to do with gambling and also value.

Isn't it true that what is said is that the basic idea of ​​money is more related to an object such as goods that are used by the general public in exchanging money such as goods and services.
Example:
Money is exchanged for goods and then becomes a form of calculating value.

Meanwhile, gambling is a game where someone can play and complete the game and only then be valued with money.

[Cryptomultiplier]

You’re just making things complicated. Now you’re giving us problems and making us feel like what we’re doing is wrong just because it goes against what you believe. Give me a break. It’s already hard enough to win in gambling, and now this? Come on. Just chill and enjoy gambling, or if you don’t believe in its principles, then stop gambling for good.

Agree, I think as long as we gamble with our own money and do not harm others then there is nothing wrong with that action, especially if we gamble responsibly and do not make winning a priority, honestly I myself do not care about whatever other people say, whatever we will do is our right and the most important thing is as I said above, namely gambling responsibly and only making it as entertainment.

I would even consider gambling to be a better waste of my money than to buy something worthless with it, like something that fuels a bad habit or encourages a new bad habit and that can't make me any money in anyway.
I don't feel pressured into using my money to gamble as it is something I can afford to lose at that moment and with crypto currency, the focus for me is privacy concerns and thus hits harder than using just fiat currency to gamble.

[internetional]

It would be much better to play for something else. For example, for points.

How would points be any different, if in the end, it'll be converted into crypto or money? It'd basically be the same thing with extra steps.

I think there was a misunderstanding about what I meant when I mentioned points.
I wasn't referring to points that can later be redeemed for money or crypto. I meant something closer to how amateur sports work: you win matches, you earn points, and those points translate only into reputation and public recognition, not into financial value.

In that kind of system, players still get all the emotions people enjoy - excitement, adrenaline, competition - but without attaching money to the outcome. It's a way to keep the "game" aspect pure, without turning it into a shortcut for obtaining wealth.

What I observe around me is that many people don't really want to create value for others, because they believe money can come "from nowhere": as a lucky win, a windfall, or something unearned. And when a society relies too much on the idea that wealth can appear without value being created, the meaning of money itself becomes distorted.

In my view, that's exactly the problem. Money is supposed to represent the value given to others. But when someone works hard and contributes something meaningful, while another receives money simply by winning, begging, stealing, or forcing - both end up with the same currency, even though the origins are completely different. That makes the whole system feel unfair and undermines the purpose of money as a measure of value.

Honestly, I would prefer a "gift economy" over a system where unearned money is treated the same as earned money. At least a gift economy is honest about what it is. A system where some create value and others simply stumble into it by luck seems even less fair.

[Patikno]

It would be much better to play for something else. For example, for points.

How would points be any different, if in the end, it'll be converted into crypto or money? It'd basically be the same thing with extra steps. Also, some may argue gambling isn't just money obtained from nothing. It can be seen as a use of skill and observation that's being displayed to earn some money, while risking losing our money in the process.
In a sense, Gamblers have created their own value exchange system/marketplace where risk is the commodity.

I think I understand your point, and I agree that the points system is also part of the value itself, which will ultimately be exchanged according to its own rate (depending on the game provider using the points system).

Gambling is about wagering value, meaning anything which has value can be wagered, whether it is goods, Bitcoin, or crypto, and others. However, sometimes this requires converting, as part of the rules in a particular game provider.

Therefore, regardless of the gambling system or scheme used, we should consider gambling as a form of entertainment only, and any winnings should be considered an additional reward, or additional entertainment. So, we must remain responsible gamblers, be wise in our actions, and always limit ourselves from excessive gambling. Esentially, excessive is bad in anything, including in gambling.

[Awaklara]

You are onto something but I would say that gambling does not really contradict the idea of money, if I am being honest, I would say that gambling is sort of like still giving value but the difference is that you give it the money but you do not exactly expect that the value that you are going to get is going to be the same as any other out there, it is kind of like you are risking devaluation for the chance to get more value.

That's gambling, we risk our money to make a larger amount of money. If we compare it to using our money to buy food, it's actually similar—we are also using our money to buy a game or bet through gambling. We don't instantly make money that loses its value from gambling wins.
In gambling, we are always risking our money with the hope of winning a larger sum of money. I guess it will always be like that. If someone says they gamble for fun, then we equate that money with enjoyment.

[nimogsm]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.



So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

Gambling is like a high risk investment or business. When you invest your money in a business, you expect thesame money but higher return. Even if we gamble for point it still amount to thesame thing because this points will still eventually  converted to money and besides not all gambling requires money in some cases some people uses their valuable property bought with good money to gamble. But all thesame , which ever form gambling might take the end result is money .

This is probably one of the best explanations I've read here. I completely agree with you. These are precisely the conditions that the player agrees to before the game. He receives payment for the risk if he wins, just as in other areas of life.

[Numeral]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

[...]

In society, managers at various levels earn the most money, and it is difficult to say that they provide more value to others. Yes, there are people who influence the efficiency of production at enterprises through their decisions, and there are simply parasites who have large salaries and a lot of money in their accounts but do nothing. Among them, by the way, there are many who easily part with their money, in particular through gambling. This is where this logic begins to work - money that comes easily begins to go just as easily. Otherwise, your theory is best seen in the ordinary working class, but not in management. And, unfortunately, honest and effective work is not always well paid by employers; due to their greed, employers can significantly underpay workers.

[centrum]

No one is creating any money with gambling, this is zero sum game where if one person is winning a huge amount then it is happening as a result of many people are losing on the other side and casino take their share in the name of profits so comparing it with the banking where they are printing their own money or even the crypto where one can create a project out of nowhere that has no value and created based on the supply and demand.

gambling, crypto and banking are completely different things. none of them are comparable to each other. the reason is that banks mainly deal with a country’s money or currency and help collect and store national funds. on the other hand cryptocurrency is entirely a digital currency. gambling however is an addictive activity that can be played using physical money or online money including cryptocurrency. gambling platforms are created purely for the benefit of the people who run them. i am saying this because in gambling losses are far more common than profits. most ordinary people who gamble do so out of greed. this is because you might win $1000 with just $1 but you can also lose $1000 within a very short time. in gambling many gamblers lose their accumulated wealth and once it is lost it is almost impossible to recover. but if you keep money in crypto or in a bank you can earn profits from it and it will never disappear completely all at once. in gambling whatever you lose becomes profit for the gambling site. therefore comparing cryptocurrency or banking with gambling is simply foolish.