Gambling for money contradicts the very idea of money

[Justbillywitt]

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.

When you provide someone value and the person pay  you for the value you provided, that doesn't mean that the value the person provided to you should end there without giving you satisfaction. That winning you got from the service or value the gambling company provided for you is the satisfaction you got for the money you paid for their value. No body will just pay money for for a value that they won't derive satisfaction from. It is now left for individual gamblers to determine the kind of satisfaction they attach to that value provided. Some entertainment satisfaction while other derives monitory satisfaction in the form of winnings. So winnings from gambling doesn't break the scheme.

[Nwada001]

Does going to amusement parks and spending some time and money for the purpose of entertainment also contradict the idea of money or devalue the money spent? If not, then gambling could also be pictured under that same category since we pay in exchange to enjoy entertainment that the casino offers, and we are even offered a possible bonus, which, if we are lucky, we could get the money spent back.

[mvdheuvel1983]

Does going to amusement parks and spending some time and money for the purpose of entertainment also contradict the idea of money or devalue the money spent? If not, then gambling could also be pictured under that same category since we pay in exchange to enjoy entertainment that the casino offers, and we are even offered a possible bonus, which, if we are lucky, we could get the money spent back.

Since gambling serves the purpose of entertainment and possibilities of making money it doesn't contradict any idea a good example is what you have given to the OP if spending when you visit and amusement parks doesn't contradict anything then gambling doesn't do no wrongs. There are bonuses when you sign out to casinos you stand the chance to win more money if you are lucky to gamble on the bonus you are giving but when you spend on amusement parks you only enjoy but don't have nothing to take home or make more money.

[Findingnemo]

The basic concept of money looks fair but how about the system that is currently is in practice, which has no intrinsic value and it is created out of thin air just with printers by the banks which control the whole system on their own and even the government can't be involved in that matter a lot.

So in that system everything is fair and good, no matter if that comes from luck or just as gift or someone robbed the money, still the value is same and one who knows how to value it will do it.

[noorman0]

I agree with the perspective of paying for entertainment.
To counter the perspective of gambling to money, they are essentially giving their opponent effort a customizable value by betting. Gamblers with this motive will interpret odds in a more complex way than those who view them as entertainment. If these odds ultimately prove to be true, all bettors involved must acknowledge this and assign value to them in any way that doesn't pretend to have value.

[Oluwa-btc]

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 the general context the casinos are giving us the value for our money and that's clearly the fun and entertainment we get , so we are giving out money for the value we desire so the casinos are always at the sides of making more money but then as we gamble for money it otherwise explains the same perspective of exchanging money for value so I don't really think it contradicts the idea of money.

[CryptoYar]

You have strong way of thinking that perfect idea of money is fair trade of value and is made worse when money is won through gambling, stealing, or taxes as it is gotten without giving value back  and thus its basic worth is made less. Point you are making is that cryptocurrency tends to fit this bad setup since coins got through free drops or by simply digging for them feel like win or lottery and fact that coin that only says it is worth something is chance to get rich fast is reason that makes it so attractive to gamblers. Thus, fact that gambling parts of websites such as this forum are liked by people, shows that gambling is most simple and fair way to use a currency whose main thing is fast, undeserved money, although some people care about usefulness of DeFi to bring back idea of value exchange.

[irhact]

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?

I completely disagree with this take and i think its build on a flawed premise. Winning money in gambling doesn not exactly break the value- exchange system. Value is not only created by labour or production, it can be created by risk. When people gamble, they are voluntarily exchanging money for risk and entertainment. The winner isnt getting money "for nothing", they are getting piad because they accepted a risk that others also accepted and probably lost. That is in no a way close to theft or robbery or taxed and comparing them is a stretch. The gambling board being popular doesnt mean gambing is crypo's "most obvious use case", it just means people like fast money and high risk. lets not confuse popularity with legitimacy or sustainability.

[DYOR+BTC]

I agree with the perspective of paying for entertainment.
To counter the perspective of gambling to money, they are essentially giving their opponent effort a customizable value by betting. Gamblers with this motive will interpret odds in a more complex way than those who view them as entertainment. If these odds ultimately prove to be true, all bettors involved must acknowledge this and assign value to them in any way that doesn't pretend to have value.

As for me I don't gamble for entertainment, if am looking at getting entertained, there are alot of activities that could offer such value to me instead of risking the little money I have all in the name of getting entertained. All individual have different reasons for getting involved in all we do, in as much as entertainment is consign I get mine through going to cenimal hall and so on but as for gambling, its a know go area because of its ability to effect either  positive or negative change on the person involved depending of luck. When I first started gambling I never knew how dangerous it was until I was visited by effects all because of high expectations

[danherbias07]

For example, in sports betting. In terms of value, I do think gambling can fill a part of me that I don't get from just watching the game.

I have been watching basketball games since I was a kid, and as I grow up and watch games every day, the fun is getting weaker. There will be boring games, and there will be normal ones.
In my own experience, sports betting can actually upgrade that. The game gets exciting even if the team you are betting for is in the lead. You want to keep track of what is going to happen because you placed some money on the line. I believe that is a value.

[Yorubek]

Gambling cannot be the Changing luck through main thing, the chances of losing money through gambling increase many times. By using the money we can afford to lose, we can stay within our means, thereby not putting financial pressure on ourselves. Gambling cannot be managed properly with excessive pressure, to manage gambling in a disciplined manner, we have to stay calm and handle greed and take time after winning or losing so that gambling does not become an addiction, having control over ourselves, as a result, the risk of losing extra money is relatively reduced if we manage gambling consistently.

[Dr.Bitcoin_Strange]

This would have been true for me if the bookies and casino were also operating just to earn points without the purpose  of becoming rich, but the casinos are offering a service and they are the ones that makes most of the profit from gamblers, so there's need for gamblers to also have a share of the win too. Maybe  casinos should have just been designed to be used for fun and not for players or the operators win money.

[crwth]

Well, if we look at the actual definition of money and what it was for, it's definitely a different thing, and gambling doesn't provide any value in terms of money. You increase your money in that, but it's still money. Maybe, in how others have said it, it's for value and entertainment, you are paying for it, and in a way, it can give you a chance to make money out of it or increase your initial capital.

Maybe if we look at it from a different perspective, maybe its effect isn't directly on it but what it provides, like work for people, and the tax the government can collect from it. That's value too.

[bitLeap]

There's no need to get that complicated about using money, I mean it's your money, your right and you're free to use it for shopping, gambling or buying a few bottles. Its just money and that's how it works. It's not always about getting physical value, sometimes you need the satisfaction value that can't be seen. You gamble, you feel satisfied with the money spent finally fulfilling a desire.

[iv4n]

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

All this writing for nothing... more points, more money, more value... It's all the same.

By the way, you can play for points for free... For example:


https://www.gosubetting.com/tipster-challenge/

It's pretty simple, you register and submit your prediction... You get points if your predictions are good, or at least close. You can check the scoring system if you want. The top 5 will share the money after 4 rounds...

Or you can play for points in some casinos... some casinos have those kinds of promotions where we play for points (the highest multipliers bring points, and similar...). But it's a casino... You will need money if you wish to participate.

Gambling for money contradicts the very idea of money

Gambling for money doesn't contradict money or the idea of money. Money is just a tool, and gambling is one way to use it.

[Agbamoni]

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.

Time is money, my friend, so if I gamble with my free time, it means I am giving value in the form of money for money.

Value doesnt necessarily mean you have to render a service, or sell something to someone. The casino already provides a game for you to play, and when you play it, that time means something to you; it means you value what you are doing atm.

[michellee]

Even if that money obtained from nothing or from bad ways, that still money and you can use to buy something. We can't say no value because that is money. But gambling for money does not contradicts the idea of money. They want to get money in easy ways without working hard although that is "difficult" to get.

Play gambling is an option, whether they use fiat or crypto. But if they use fiat or crypto to gamble, they are wasting their money. They do not get the value unless they win which is difficult.

[Beparanf]

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 board becomes the most popular board because of the signature campaign that requires participants to post here to fill the weekly post quota. This board only receives less post compared to Bitcoin discussion board in the past when gambling board post is still not mandatory on campaign.

But your point is valid since even on the early years of Bitcoin, gambling is first popular use case for holders.

It’s perfect for gambling because it gives privacy and convenience.

[dunfida]

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.

Time is money, my friend, so if I gamble with my free time, it means I am giving value in the form of money for money.

Value doesnt necessarily mean you have to render a service, or sell something to someone. The casino already provides a game for you to play, and when you play it, that time means something to you; it means you value what you are doing atm.

Money began as a simple tool for exchanging value. You give something meaningful and you receive money in return. Then you pass that money to someone else in exchange for something meaningful to you. At its core it is not the paper or the numbers that matter but the value behind each exchange.

Time ties directly into that idea because time is the only resource we cannot replace. When you spend time you are spending value. So when you gamble with your free time you are trading something real. You are offering your attention your focus and your emotional energy in exchange for the chance to win money. The casino provides the game and you provide the time. That is the exchange. Value is not limited to services or products. Value is anything you willingly give in return for something else you want. Entertainment is value. Excitement is value. Relaxation is value. Even distraction is value. When someone plays a casino game they are telling themselves that the experience at that moment is worth their time. That is why the concept of gambling has always been more than just winning or losing money. It is an exchange of value on a deeper level.

[Sandra_hakeem]

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.

There have been thousands of adoptions on other things money can do over the span of years. Gambling is one of them.

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.

What are you talking about OP? It'd be much better to play for some other rewards aside from money? So they can Play for airdrops and fake/ shitcoin mining that will still be valued in real money? Okay, what do you do with the airdropped coins? Sell them as nfts?

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?

The most use case for cryptocurrency? Do you read the Bitcoin discussion board sometimes?