Gambling for money contradicts the very idea of money

[Hardyrobust]

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?

you are really funny, do you think it is easy to predict bet and be successful. Gambling is more stressful than working if you don't the risk some gambler do take every day can't be compared to the risk most of this person you think they are offering value do take. There are people that do use there money in exchange of things that won't add any value to there live. Someone may decide to help you out with money not because of the value you have to add but just to offer a helping hand.

[ScamViruS]

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.

Every person has their own thoughts, preferences. Those who gamble play knowingly, and they use their money for that. I don't see gambling as bad unless it's done to someone's detriment, as long as it doesn't become a complete addiction. We have a bad habit of starting something and ending it with an addiction, which is not really a good thing. Many people take gambling as entertainment, and they use their money for their entertainment, and I think the casinos also value that.

[Zwei]

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.

you are just wrong about that, money is money, it only loses value if no one wants it anymore.

as for money you win from gambling, it's not obtained for nothing, that simply is not possible (unless it's a free bonus or contest or something, but that can't be called gambling if you are not risking anything).
you can't win for free with gambling, you always need to risk your own money, so i have no idea what you are talking about.

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

and do what with those points exactly? if you want to cash out you will need to exchange them for money, so you are just adding an extra step.

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 don't get it, how did we go from talking about money obtained for nothing and losing its value to the gambling board being the most popular? i'm so confused.

[Versatile_choice]

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.

You made a good suggestion which I would also like to agree with you on that, if those point will be converted to crypto currency when it gets matured then it's fine I think it will make more sense than this regular method we are using now, but if the point will be a liability I mean something that can't add any value to ones life then I would prefer going with this regular method than this one at least there's a chance of winning, losing, and having fun even though the wining will not come all the time but at least there's a chance of it happening maybe at anytime but since there's no guarantee I would Stick to having fun with it until when luck gets to me.

[I_Anime]

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.

Exactly the point will still be converted to something with value unless the point have value of its own . Because you can’t just be Staking your money for worthless point , unless the point has value . Gambling is all about staking something of value to get another thing of value , with uncertainty.  And just like you said is like their own system of value exchange and stuff . Same goes for those airdrop still , folks do invest their time , data and sometime their hard earn money to farm airdrop and to make something good from it and what usually determine if the airdrop is going to be successful is the amount of liquidity being put in it and the number of supply too.

[348Judah]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

[bettercrypto]

"I'm not sure, but based on my understanding, gambling was created primarily to provide entertainment to communities where people could imagine winning money, or find happiness through playing in one or any gambling business establishments whether online casinos or physical gambling hubs.

Now, since we're in the crypto space, we see in crypto casinos that almost exclusively, only crypto assets can be used as payment. But before we had crypto coins,
we bought them using the fiat money we had, right?

[Porfirii]

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.

I don't get it. Winning money from gambling has its value. We are on a platform that gave us a chance to win cash; it's been the system ever since you have invested money, time, and effort. Money won from gambling has its value.

I think that the value in gambling has a direct relationship with risk. If we agree than in a bank deposit you deserve interests because liquidity and fungibility have value (and while you maintain that deposit you can't spend or move that money), I think that it makes sense to say that when you win after gambling you get the value of the risk you overcame.

[Nwada001]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

For us to enjoy gambling, we should just stop trying to attach the value of money to it and gamble with little money that has no value and not try to derive the value from it; just use little money, enjoy the moment, and if it goes, it goes, and if you win, then you put that money into your pocket and move on with your life.

[Sticky Bomb]

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.

How would you be quick to conclude that gambling wins are "money is obtained for nothing"?

Are you really a gambler?

Are you blind to the fact that gamblers give their value in terms of their own money, time, emotional and physical presence, data, devices depreciating from gambling usage and other investments that I may not remember. Are these not values that they present which most times even result to a waste when they don't win anything from the casino?

Well, whatever thing you term "Better" that is not rewarding in the same vein that it was invested is not really going to work out in the gambling world, you cannot make people invest money in gambling only to give them points in return, I mean, what is now the difference between gambling and gaming?

[CryptoHeadlineNews]

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 will be askward to compare the money won through gambling to that of theft, robbery and taxes, because they are literally not the same, despite the fact you claiming them to be free money that never offered any value. Because when it comes to gambling, users are only been rewarded after risking their initial capital, with the mindset of predicting the possible outcome of an event, and if he is could predict correctly, he wins and gets rewarded, but if his prediction is incorrect, he loses. Hence, proving the fact that it was never a free money, and it does not in anyway contradicts the very idea of money.

[icebar]

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 will be askward to compare the money won through gambling to that of theft, robbery and taxes, because they are literally not the same, despite the fact you claiming them to be free money that never offered any value. Because when it comes to gambling, users are only been rewarded after risking their initial capital, with the mindset of predicting the possible outcome of an event, and if he is could predict correctly, he wins and gets rewarded, but if his prediction is incorrect, he loses. Hence, proving the fact that it was never a free money, and it does not in anyway contradicts the very idea of money.

I must agree with you that there is no point in saying that keeping money in gambling is free. Because the gambler who keeps money in betting is under a lot of pressure. It can be said that being under pressure after keeping money cannot be free. Usually, those who steal do not have any kind of investment or money and the same situation is in the case of those who rob. They only look for profit but no one has anything to lose. If the gambler loses money in gambling, then he will lose the amount of money that he invested. The money I put into the bet didn't come to me for free. I had to earn that money through some work.

[Tungbulu]

Every person has their own thoughts, preferences. Those who gamble play knowingly, and they use their money for that. I don't see gambling as bad unless it's done to someone's detriment, as long as it doesn't become a complete addiction. We have a bad habit of starting something and ending it with an addiction, which is not really a good thing. Many people take gambling as entertainment, and they use their money for their entertainment, and I think the casinos also value that.

I think the casinos like it more when gamblers are addicted. Yeah, because they know and understand that addiction causes impaired judgment and when gamblers are unable to make logical decisions in gambling, they tend to lose more. And unlike gamblers, casinos are in the business strictly for the money and they benefit more from the losses of gamblers, so they do want gamblers to lose more. Thats why you even see some casinos offer alcohol to their customers because they know that gamblers, even the responsible ones won’t be able to make responsible choices when they’re under the influence of alcohol.

[whiteblue]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

Crypto itself is a currency, in different forms but it is the same of FIAT, both currencies, so actually we are complicated because crypto can be an asset and a currency for transactions, as in the case of gold, it used to be a currency and whether casinos or brokers in the past did not use gold as a currency for gambling or in a transitional period where gold can still be used as a currency on the other hand it becomes an investment asset.

It is simply a case of equalizing the view on the value of the currency itself, regardless of the purpose of gambling.

[gunhell16]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

Crypto itself is a currency, in different forms but it is the same of FIAT, both currencies, so actually we are complicated because crypto can be an asset and a currency for transactions, as in the case of gold, it used to be a currency and whether casinos or brokers in the past did not use gold as a currency for gambling or in a transitional period where gold can still be used as a currency on the other hand it becomes an investment asset.

It is simply a case of equalizing the view on the value of the currency itself, regardless of the purpose of gambling.

Yes, those of us who have been in the crypto space for a long time understand and know that cryptocurrency and fiat currencies have similarities—in that they are both currencies, albeit functioning under different concepts. This isn’t something most people understand even now.

Especially in the crypto gambling business industry, where cryptocurrencies are used in all casinos within the crypto space. Because, whether we admit it or not, traditional online casinos are accustomed to using fiat. And it’s primarily crypto communities who gamble in the crypto gambling business.

[Onyeeze]

Gambling is another form of exchange.  When a gambler gambles, he pays for the fun, excitement and even the reward he stands to get for taking a risk. This kind of exchange may not sit well with you but the gambler ls  already aware and he signed up for it. All gamblers voluntarily agreed to risk their valuable just to get the experience that might end up rewarding them, this does not place gambling and robbery or theft in thesame category where the later is done with force.

I will agree with you does gambling is a kind of exchange but it will be difficult for some people to understand that a gambling is an exchange because when you deposit you get a result and that is why we need to gamble with precaution so that at the point we shall not be directly disappointed because of our engagement in gambling, I know that is difficult to believe what I am trying to say about gambling especially people who can both for entertainment not ready to benefit from gambling but I believe that is very difficult to believe that there are people who gamble because of entertainment

[TopT3ns]

Money has a kind of approach in which except we go through that same pattern, we may not really earn it the exact way we have wanted, that is why we have to understand more about the application of gambling to the value of money and why we may not have money as intended from gambling as well as how the value of money cannot be limited to gambling purpose, when a gambler understand all these, things wont fall apart for us and we are going to have the best of it all.

Crypto itself is a currency, in different forms but it is the same of FIAT, both currencies, so actually we are complicated because crypto can be an asset and a currency for transactions, as in the case of gold, it used to be a currency and whether casinos or brokers in the past did not use gold as a currency for gambling or in a transitional period where gold can still be used as a currency on the other hand it becomes an investment asset.

It is simply a case of equalizing the view on the value of the currency itself, regardless of the purpose of gambling.

Yes, those of us who have been in the crypto space for a long time understand and know that cryptocurrency and fiat currencies have similarities—in that they are both currencies, albeit functioning under different concepts. This isn’t something most people understand even now.

Especially in the crypto gambling business industry, where cryptocurrencies are used in all casinos within the crypto space. Because, whether we admit it or not, traditional online casinos are accustomed to using fiat. And it’s primarily crypto communities who gamble in the crypto gambling business.

The crypto and the fiat are both a medium of exchange and we need to accept that these two are quite similar despite their extremely dissimilar modes of operation. Within the context of crypto gambling, we have to acknowledge that an ecosystem has been created by the community and with the crypto community that is already conversant with digital assets.

Thus, the move to the crypto in new internet casinos is very organic and we view an easy migration of those already possessing the crypto in their hands. The much more integrated use of cryptocurrencies will have to be monitored by our slower approach to the greater market.

[nelson4lov]

If money is obtained for nothing, it loses its value.

Money obtained from gambling isn't obtained for "nothing". The gambler on the other side of each winning bet took a substantial amount of risk to bet on those games and won. Saying it was obtained for nothing is wrong. Also, I see it this way—a bookmaker/sportsbook makes the markets available (selections) and they gambler buys those services and when they win, they get value from it, that can pass for a medium of exchange.

[Josefjix]

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?

It's the most popular because the product is a gambling product, if an altcoin campaign comes up, their focus usually goes to the altcoin discussion board for more visibility because that's where there is more value.

Gambling company generates more faster than altcoin, that's why the focus and attention is on the gambling section for more value.

[Joeboy]

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.

Winning money does not mean that the value is lost. In gambling for example the value already comes from the risk that is exchanged between various gamblers. There are some that are betting on the outcome on a game and other that are betting against it. The both side are simply taking risks and some will have to loose in order for others to win and this process is what facilitates the movement of value. And this is Avery different from theft, robbery and the others you mentioned.