A cryptocurrency entirely dedicated to GAMBLING? - page 3.

stadus

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Quote from: mich on October 01, 2019, 09:58:40 PM

I really dont see a reason to buy another currency with BITCOIN when BITCOIN alone is good for gambling
Things just become more complicated going back and forth between CRYPTOS
BITCOIN is the best and good enough for gambling.

If you study the gambling sites that issues tokens, they treat the holders as investors as they could offer dividends or some perks when you are gambling using their tokens, although its risky as you are holding a token that solely depend on the site performance but that's what you get in return, if it is successful you will benefit.

However, personally I don't invest in this kind of projects as I have bad experience in the past, I'd rather just buy btc and gambling, thats it, no more and no less.

malevolent

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There's a Etheroll (DICE), an Ethereum token. The more of these tokens you hold, the greater your share of Etheroll's profits. On etheroll.com only Ethereum is used to gamble, you can cannot gamble using the DICE token itself.

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Quote from: peter0425 on October 01, 2019, 10:48:51 PM

Quote from: mich on October 01, 2019, 09:58:40 PM

I really dont see a reason to buy another currency with BITCOIN when BITCOIN alone is good for gambling
Things just become more complicated going back and forth between CRYPTOS
BITCOIN is the best and good enough for gambling.

While I stand right next to you for looking no other currency to bet in gambling,but I also disagree talking only Bitcoin must be used
Some altcoins are also better to use a gambling currency but ofcourse for majority is bitcoin

What I disagree on this topic isn’t the need of having a specific currency to use as betting materials when we can use others if what make us comfortable and accessible

Yeah, why we need to have a specific currency if we have many altcoins that can be used for playing gambling. But still, bitcoin is not my first choice to gamble as I know that there is another low coin price. But maybe people will feel better if they gamble using bitcoin as if they win, the amount will be larger than before. Well, that will be up to them because we have a favorite coin to gamble and we are free to use any coins we want in gambling games.

peter0425

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Quote from: mich on October 01, 2019, 09:58:40 PM

I really dont see a reason to buy another currency with BITCOIN when BITCOIN alone is good for gambling
Things just become more complicated going back and forth between CRYPTOS
BITCOIN is the best and good enough for gambling.

While I stand right next to you for looking no other currency to bet in gambling,but I also disagree talking only Bitcoin must be used
Some altcoins are also better to use a gambling currency but ofcourse for majority is bitcoin

What I disagree on this topic isn’t the need of having a specific currency to use as betting materials when we can use others if what make us comfortable and accessible

mich

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I really dont see a reason to buy another currency with BITCOIN when BITCOIN alone is good for gambling
Things just become more complicated going back and forth between CRYPTOS
BITCOIN is the best and good enough for gambling.

Devawnm367

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Some Casinos have there very own tokens but I am not sure if that is what you mean. But technically when Bitcoin was first created it was actually built on top of a Poker project. When Bitcoin was first created one of its first use cases was gambling.

As far as a coin for gambling Bitcoin already is that coin. Even online casinos that were not designed on top of bitcoin have now added it. It beats driving 400 miles to a casino. It can also be as used as anonymously as you wish.

stephanirain

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Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Just like the other replies about this thread, I also think it won't be necessary to have one coin for all gambling because in this industry, we celebrate diversity of ideas, projects and coins. Most of us do not appreciate monopolized monetary system because crypto is originally created for the benefit of the public and not just for some few people. But, specific gambling sites can have their own coin if they want to. This exclusiveness can be beneficial for them but it also limits who can only use it because its customers need first to buy those coins first before they can gamble.

rocku12345

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Quote from: Rikafip on October 01, 2019, 03:06:58 AM

Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

We certainly do not need another currency for something specific as gambling.
There are plenty currencies on the market that could be used for that purpose, beside, all those useless currencies for basically everything imaginable didn't bring much good to anyone. Except maybe those that made those useless currencies and then dumped them on naive people.

Imagine if there is specific fiat currency for buying bread, then another one for buying gas, then 3rd one for buying alcohol. Does that seems practical to you?

Actually, this is not practical to have a coin for each market stall. But at the same time, today there are cryptocurrencies of poker clubs that make their name popular all over the world. This happens by publishing the name of the coin in the list of cryptocurrencies on exchanges and investment platforms. This is a kind of "native" marketing move to promote your name, not only with the help of banal banner advertising.

DoublerHunter

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For me, since online gambling now is very popular and there are a lot of emerging gambling platforms online. No one uses fiat currency, because it is monitored by a government. Having transactions in the bank was highly regulated compared to cryptocurrency that is it having fast transaction and very reliable. The KYC process when using fiat was most likely gamblers avoided, so, therefore, cryptocurrency is very fit when regards to payment and usage in any form of online gambling.

owengtam09

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Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

If crypto can only be used in gambling then maybe most of us will play gambling even if we are not totally a gambler. One coin is fine to be dedicated in gambling but I dont think it is also a good idea, and I don't think, an owner of a coin will do a coin just for one reason. It is better to have a coin with multiple uses.

Rikafip

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Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

We certainly do not need another currency for something specific as gambling.
There are plenty currencies on the market that could be used for that purpose, beside, all those useless currencies for basically everything imaginable didn't bring much good to anyone. Except maybe those that made those useless currencies and then dumped them on naive people.

Imagine if there is specific fiat currency for buying bread, then another one for buying gas, then 3rd one for buying alcohol. Does that seems practical to you?

Finestream

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Quote from: Hippocrypto on October 01, 2019, 02:42:22 AM

Quote from: jake zyrus on October 01, 2019, 02:20:24 AM

Cryptoccurency that is only dedicated to gambling? Hmmm. It would still have value just like any other crypto and it could be still use in other purpose. As long as it has value, you can't limit its use just for gambling. Also in physical gambling places, it's more convenient to use fiat. I bet they would prefer fiat over crypto. Plus the government who don't like crypto. So, it's kinda hard to make it possible...

As for me I would rather bet using crypto instead of fiat currency, because it felt convenient to play using Virtual technology. You freedom is with crypto gambling, and government cannot intervene as long as you're using decentralized form of currency. Fiat gambling need a lot of required permits in order to operate, so the authority won't put you under hot pursuit.

People who knows about crypto are already adopting in crypto gambling, this gambling industry is growing and it can serve the demand of the people.
Actually its already competing with the fiat gambling sites and since crypto gamblings sites can cater small gamblers who can't afford to gamble in fiat gambling sites, this is the reason why they are growing in volume.

Also, for those who will try to enter this kind of business, I think its easier compared to fiat gambling in terms of legal demands but the competition is also tight here so they need to compete as well.

Hippocrypto

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Quote from: jake zyrus on October 01, 2019, 02:20:24 AM

Cryptoccurency that is only dedicated to gambling? Hmmm. It would still have value just like any other crypto and it could be still use in other purpose. As long as it has value, you can't limit its use just for gambling. Also in physical gambling places, it's more convenient to use fiat. I bet they would prefer fiat over crypto. Plus the government who don't like crypto. So, it's kinda hard to make it possible...

As for me I would rather bet using crypto instead of fiat currency, because it felt convenient to play using Virtual technology. You freedom is with crypto gambling, and government cannot intervene as long as you're using decentralized form of currency. Fiat gambling need a lot of required permits in order to operate, so the authority won't put you under hot pursuit.

jake zyrus

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Cryptoccurency that is only dedicated to gambling? Hmmm. It would still have value just like any other crypto and it could be still use in other purpose. As long as it has value, you can't limit its use just for gambling. Also in physical gambling places, it's more convenient to use fiat. I bet they would prefer fiat over crypto. Plus the government who don't like crypto. So, it's kinda hard to make it possible...

STT

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PLAY is a ETH token that is entirely used for betting on esports games or in theory it can be determined for any bet if you have some experience. All holders of the token receive a portion of games ongoing using PLAY, I believe its a 1% received by all holders of the currency. Seems
like a project that deserves to receive more interest, I'll get a link for anyone interested.

Here is the market cap listing that links into various other details, hopefully they garner greater usage as its just the Developer website running games at present but I think anyone can run games using this token in theory - https://coinmarketcap.com/currencies/herocoin/

South Park

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Quote from: sweetbet on September 26, 2019, 07:01:27 PM

There are plenty of gambling related cryptocurrencies out there. The question is which online casinos accept them. I don't see the point of these coins when most crypto casinos accept BTC and a small handful of other large MC crypto.

Which is why most of those coins are bound to fail, even if a casino were to create their own coin and it was widely used in their casino no other casino will have an incentive to adopt such coin, they will prefer to accept cryptocurrencies like bitcoin or they could decide to create their own, when you consider all of this I do not see a way to create a cryptocurrency that is so limited in scope and yet it becomes successful when you have many cryptocurrencies that are already accepted by most casinos and which you can use for many other activities besides gambling.

Kasabus

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Quote from: btc78 on September 29, 2019, 10:42:12 PM

Don’t make sense at all,what if one time(though I know won’t happen surely) that gambling was totally banned and won’t ever exist again!then what will happen to these currency?

That's a possible risk as well, but I think most gambling sites that offers their own token are registered so it the possibility of getting ban is very low.
Unless they commit fraud or violate the rules and regulations they need to comply while operating.

Quote from: btc78 on September 29, 2019, 10:42:12 PM

I get your point mate but it wasn’t necessary needed because why need to create a separate currency when we can used multiple coins with multiple function?

With you idea, now I can see why there's only less people who trust a gambling sites with their own token than the traditional crypto gambling sites.

michellee

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Quote from: btc78 on September 29, 2019, 10:42:12 PM

Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Don’t make sense at all,what if one time(though I know won’t happen surely) that gambling was totally banned and won’t ever exist again!then what will happen to these currency?

I get your point mate but it wasn’t necessary needed because why need to create a separate currency when we can used multiple coins with multiple function?

If it's banned, I am sure people will search another way to gamble, and if they cannot use cryptocurrency for the bet, I think they will use another and maybe they will back to use fiat again. I think the same as you, and I don't think that all country will ban cryptocurrency because I am sure that the government from every nation will want to take benefits from the cryptocurrency and they will find how to get those benefits.

btc78

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Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Don’t make sense at all,what if one time(though I know won’t happen surely) that gambling was totally banned and won’t ever exist again!then what will happen to these currency?

I get your point mate but it wasn’t necessary needed because why need to create a separate currency when we can used multiple coins with multiple function?

stadus

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Quote from: Saint-loup on September 29, 2019, 05:57:48 PM

Quote from: dupee419 on December 15, 2018, 10:57:36 AM

An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.

Yes there is a very pomising one : DFT (DraftCoin)
You can find it on Yobit, CoinExchange, Coindeal ...
Below 200 sats at the moment, I think it's very cheap.

https://coinmarketcap.com/fr/currencies/draftcoin/

What are your basis to say that a coin is promising?

I'd love to know the reason behind why you recommend this coin.

This is an old coin, I check the ANN thread now and it was created in 2017, without some good information to back your recommendation, I would think that his coin is one of the coins that is not going to recover anymore.

Topic: A cryptocurrency entirely dedicated to GAMBLING? - page 3. (Read 18588 times)