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Author Topic: Gambling for money contradicts the very idea of money  (Read 1036 times)
Iroh
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December 12, 2025, 11:02:31 PM
 #21

Nah, gambling for money doesn't contradict the very idea of money. Money acts as a store of value and a means and used as a means of payment for goods and services. It reinforces the concept of money and that's why it's really popular today.
Also, your point on money losing its value when it's obtained for nothing is simply not true. You may undervalue it, seeing as it was freely given and you didn't work for it. It still doesn't lose its value.

The most popular board on the forum being the gambling section is arguable. The bitcoin board can also be stated to be the most popular board on the forum. It's a bitcoin forum after all.

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December 12, 2025, 11:20:52 PM
 #22

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.
You missed an important part of the context:

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.
OP is saying that the fair exchange of value is broken when we win huge amounts of money from the casino. But this is not true. What we get is the chance to win, while the casino has the chance to get our money (with the odds slightly in their favor). Both parties are aware and willing to take risks of losing money.

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December 12, 2025, 11:27:16 PM
 #23

Services also be used as a reference to be used as a value and in the end the casino provides this.
So in this case everything will look the same as we pay for other services that are even quite a lot now.

Casinos are places of business by selling services where they provide a place for us to play gambling and we are just consumers who use their services so that we can get what we want (in this case gambling).
The system is not too much different so in this case I think
As for when talking about crypto gambling, it's actually just the medium that has been slightly changed as a betting tool, nothing more than that for me.
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December 12, 2025, 11:28:19 PM
 #24

No one will put their money into something if they are not getting some form of value from it so that will mean that gambling isn't contradicting the idea of money, it's still an exchange of money for value just that this particular value isn't guaranteed so their is a chance that it will come out empty but that's also a kind of value on it's own, people love unpredictabilities and casinos provide that to their clients, there is a thrill in not knowing how something is going to end and for some that's also value.
Just because it doesn't make sense to you doesn't mean others don't enjoy it.

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December 12, 2025, 11:32:36 PM
Last edit: December 15, 2025, 06:07:26 PM by AmoreJaz
 #25

Nah, gambling for money doesn't contradict the very idea of money. Money acts as a store of value and a means and used as a means of payment for goods and services. It reinforces the concept of money and that's why it's really popular today.
Also, your point on money losing its value when it's obtained for nothing is simply not true. You may undervalue it, seeing as it was freely given and you didn't work for it. It still doesn't lose its value.

The most popular board on the forum being the gambling section is arguable. The bitcoin board can also be stated to be the most popular board on the forum. It's a bitcoin forum after all.

Bottomline, this forum itself serves a lot of crypto users/enthusiasts in different capacities, whether in gambling or bitcoin or alts. Whatever section you are most interested of in relation to crypto or btc, I believe you can already find it here. This one is like a gem if you are into crypto market. You can basically search and read a lot of info that has not been in most sites.
But going back as gambling for money. We will be hypocrite if we say, gamblers don't gamble for money. Of course, we are!

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December 12, 2025, 11:37:15 PM
 #26

Nowadays, the gambling section has become the most popular among people, and from this forum, a large number of gamblers enter the Dua website to gamble. Because gambling is a game where many people earn money by using only experience and skills, but those people must keep in mind that entering gambling to earn money is facing addiction. Because gambling takes people to such a stage that they eventually squander all their funds. People enter gambling for fun, so they should enter gambling with as much money as they can afford to lose so as not to face addiction.

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December 12, 2025, 11:38:18 PM
 #27

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 we loss we loss for something? well if we win and it broke the principles of money then look at it like this casino is doing their job by providing value, we are doing our part by competing with each other who will be right in terms of the entertainment which the casino offers us, so we offer value to the casino as they offer us too. hence we all all doing our part so when we win, we win because we offered competition value to the casino.

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December 12, 2025, 11:42:10 PM
 #28

Money is supposed to get in exchange for good and services, casinos offer a service in the form or entertainment, so in my opinion, it is logical they get money from people.
Gambling and betting are businesses which are far from defying the very own definition of money, actually, gambling is probably as old as the concept of money itself, since gambling as been around with humanity from the very beginning.

If some business defied the concept of money, that business would be probably illegal, in my opinion.

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December 12, 2025, 11:54:23 PM
 #29

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.
Gambling can be considered as an exchange only when someone gambles for fun. There he will exchange money for fun. Like he will lose money there but in return he will get fun. But when someone goes there out of greed to win a lot of money then how do you consider gambling as an exchange? What will he get from gambling as an exchange? Will he be able to fulfill his purpose? Therefore, gambling cannot be considered an exchange. Gambling is a place to test your luck.
We must understand that gambling is a business, exchange must go on for the business to grow. The casinos have something that the gamblers want and the gamblers are willing to pay for that thing. The casinos offer the gamblers a chance and the gamblers are willing to pay to have that chance which if used well, they will go home with lots of goodies. It doesn't matter the intentions of the gamblers, whether they are gambling for fun or if they are only gambling out of greed, what we should take note of is that in both cases, the gambler voluntarily pay to have what the casino offers. It is not in our position to judge the motive behind them gambling because it doesn't change anything 

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December 12, 2025, 11:58:38 PM
 #30

Gambling can be considered as an exchange only when someone gambles for fun. There he will exchange money for fun. Like he will lose money there but in return he will get fun. But when someone goes there out of greed to win a lot of money then how do you consider gambling as an exchange? What will he get from gambling as an exchange? Will he be able to fulfill his purpose? Therefore, gambling cannot be considered an exchange. Gambling is a place to test your luck.
That's just the facts gambling cannot be considered as an exchange but some gamblers keep stated that gambling is an exchange, and if a person place a bet and lose it means the money has gone without no return the only returns they will get is what you stated earlier which is fun. But after the fun I don't see anything that a person will get from gambling as an exchange.

A gambling is all about luck it doesn’t matter how long a person has spent in gambling even though a person is always winning whenever they place a bet, time might come that they will find it difficult to win even a single bet. Because in gambling the high you win, the high you lose that’s the logic of the gambling.

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December 12, 2025, 11:59:28 PM
Last edit: December 13, 2025, 12:16:29 AM by Asuspawer09
 #31

I mean people is the one giving value tocit if people is not going to give value on money it is surely not going to have value. But is gambling a some kind service so outting your money on gambling is going to give me value as well since they value money overall. It is entertaining for some people to gamble and it is their way to have fun so rhat fun also give money to them as well.

I dont see the difference if you convert the fist money on cryptocurrency money it is for sure going to be the same I mean cryptocurrency is a digital money, and the demand is going to give it value as well the same as fiat.

 
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December 13, 2025, 05:07:21 AM
 #32

Nowadays, the gambling section has become the most popular among people, and from this forum, a large number of gamblers enter the Dua website to gamble. Because gambling is a game where many people earn money by using only experience and skills, but those people must keep in mind that entering gambling to earn money is facing addiction. Because gambling takes people to such a stage that they eventually squander all their funds. People enter gambling for fun, so they should enter gambling with as much money as they can afford to lose so as not to face addiction.
You're right. Gambling with the goal of making money can be addictive, as the reality of losing is a dominant factor, leading to losses. However, the drive to win can lead to continued betting, even ignoring the risks.
Gambling essentially leads to losses, so depositing funds within your means is the right thing to do.

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December 13, 2025, 05:47:09 AM
 #33

Nowadays, the gambling section has become the most popular among people, and from this forum, a large number of gamblers enter the Dua website to gamble. Because gambling is a game where many people earn money by using only experience and skills, but those people must keep in mind that entering gambling to earn money is facing addiction. Because gambling takes people to such a stage that they eventually squander all their funds. People enter gambling for fun, so they should enter gambling with as much money as they can afford to lose so as not to face addiction.
You're right. Gambling with the goal of making money can be addictive, as the reality of losing is a dominant factor, leading to losses. However, the drive to win can lead to continued betting, even ignoring the risks.
Gambling essentially leads to losses, so depositing funds within your means is the right thing to do.
And the reason why gambling is popular is that people don't just view gambling as an entertainment but also as a means of income resources. Most of us do not just spend based on our budget but based on what is in our pockets.

I don't mind rich people gambling, but what is very concerning is that more and more poor people are already gambling. And more of them have fallen to addiction.

Seeing the current situation, I don't feel that gambling is still for entertainment. Instead, I look at it as a place of desperate people who want to become rich instantly.

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December 13, 2025, 06:09:32 AM
 #34

When you pay into a casino you're hoping to get value by winning and when you do you've earned the value if you don't you've given the value to the casino, that is the way I see it. When you lose is same thing with when you don't get value for what you paid for and you cannot return it back because it says there is no refund. I'm probably not making much sense to you but I'm trying to justify that when you gamble you're signing up to either get your value (more money) or not. Also the casino is offering their services that we enjoy, that has to count for some value besides winning.

 
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December 13, 2025, 07:10:53 AM
 #35

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.
What value is the beggars in the street giving/exchanging that he deserves receiving money from passersby who gives them money? Is that against the medium of value exchange for money  Wink

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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.
The casino, you mean. How can it be that the player is not rendering value, likewise.

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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.
Is a different story for gamble
 
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It would be much better to play for something else. For example, for points.
Consider the games odds to be the points the players play for and the odds when won are paid in form of money by the casino.

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December 13, 2025, 07:40:27 AM
 #36

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 just one of what cryptocurrencies can be used for, I am talking about bitcoin and not other coins. Bitcoin can be used for other important reasons, and one of the is holding it in a way that your wealth will increase in bitcoin as long as you continue to hold bitcoin. This is the main reason bitcoin adoption has been so massive the way it has been so far, although I know gambling played a role as well.

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December 13, 2025, 07:41:54 AM
 #37

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

So you mean that if I find 1000 dollars on the street, they suddenly lose their value and cost nothing, just because I didn't have to work or sell something in order to earn those 1000 dollars? This sounds ridiculous. Grin
Gambling exists for centuries. Money exists for centuries as well. I don't think that they contradict each other, since they both exist for more than 2000 years. We all know the idea of gambling. A bunch of people bet money on the potential outcomes of a game(or an event, in case of sports betting and prediction markets) and the winner takes it all. I don't know about any form or money(fiat or crypto) that lost any value, just because you won them at the casino(or sports betting platform).

 
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December 13, 2025, 07:48:33 AM
 #38

What about the casino and their service who pays the bills and the games the offer what can that be said to be service or values it goes hand in hands and there is no justification that places casinos on valueless activities or services. Even bounty or airdrop, those bounty hunters provides values through the various activities their need to do to qualify for the Airdrop, their call it Airdrop but is not being given to those who don't subscribe to it likewise those who don't participate through one task or the other, so that is values giving to the project, Airdrop shouldn't be seen as free money.

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December 13, 2025, 07:49:43 AM
 #39

I understand that people may need money for any reason as they gamble, which shouldn't contradict on the fact that we need money for other things in life or violates the value in money, because they are not the same, even as we can't get buoyancy in making money from gambling, but those that does it never undermine the value in money, except the lavish spenders.

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December 13, 2025, 07:56:29 AM
 #40

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 think your point about money as a value exchange tool is strong, but gambling doesn’t really break the system as much as it redistributes value voluntarily. What gamblers are actually paying for is entertainment, risk exposure, and emotion, not free money.

Gambling stands on probability, consent, and expectation management and the house earns by providing infrastructure and odds, skilled players try to extract value through math and discipline, and losses reflect misjudged risk rather than value appearing from nothing. In crypto, gambling feels dominant because blockchains remove friction, enable instant settlement, and make transparent odds possible but that popularity highlights human risk appetite, not a flaw or primary purpose of cryptocurrency itself. I don't know but money is potentially a source of others why their gambling plays.

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