Topic: Are bitcoin gambling games prepared for an upcoming hard fork? (Read 1315 times)
This is really an interesting question, while people are busy and wondering what is going to happen. No one thinks of gambling sites, this is really an interesting and unexpected question. I think they have thought about that for a long time, and I believe they have taken measures. Casinos always have a very large amount of bitcoin, so if BU builds, they will not overlook the opportunity to take it. Maybe they will pause their site briefly for maintenance reasons, or do somehow put all their money and a wallet, and reserve it there until the end of the deal.
What is there to prepare for? Isn't it just a matter of accepting another alt coin? Many casinos have been accepting alt currencies such as litecoin, dodge, etherium, etc, already for some time now. It's not like they have to revamp their whole deposit system or anything to accept another crypto. Just add another wallet to the player's account for whatever that currency is.
Existing coins in site wallet will split into two. That is what to prepare for...
Many wallet providers are already being prepared if the hard fork happens so the gambling houses should do the same and tag along with these wallets. They should keep a hot wallet with few funds and the majority in cold storage like they already do. I don't think the hard fork will impact bitcoin gambling in general.
me too I don't see any big effect from their business as we knew owners will support which is which in terms of continuing their business and by looking at it gambling site will still functional and nothing to worried about the fork that will happen as long as they have players and the wallet are still in good hands,. 
Many wallet providers are already being prepared if the hard fork happens so the gambling houses should do the same and tag along with these wallets. They should keep a hot wallet with few funds and the majority in cold storage like they already do. I don't think the hard fork will impact bitcoin gambling in general.
What is there to prepare for? Isn't it just a matter of accepting another alt coin? Many casinos have been accepting alt currencies such as litecoin, dodge, etherium, etc, already for some time now. It's not like they have to revamp their whole deposit system or anything to accept another crypto. Just add another wallet to the player's account for whatever that currency is.
You are right here but there is one problem. If you will have bitcoin deposited in some casino during the fork then they could pick for you the coin version they will choose.
So it is important for casino operators to state beforehand which version of the chain they will support.
What is there to prepare for? Isn't it just a matter of accepting another alt coin? Many casinos have been accepting alt currencies such as litecoin, dodge, etherium, etc, already for some time now. It's not like they have to revamp their whole deposit system or anything to accept another crypto. Just add another wallet to the player's account for whatever that currency is.
Gambling platform may just support majority chain. And if there will be network split, it is quite sure that bitcoin core (BTC) will remain as major bitcoin chain. However during hardfork its better to not leave any bitcoin in gambling platforms, because you may not get some free BTU.
Yeah it's not advisable to leave any bitcoin on your gambling account as the casino will have your btu when the fork happens. Investors who are invested in a casino's bankroll could lose a lot.Imo most gambling sites might not even care about this upcoming fork as long as they're gaining bitcoin. It'll only matter for them once bitcoin becomes unstable.
I don't think the gambling sites are prepared and they also not really know what should they do, they only can see and wait what will happened to bitcoin, will majority still used bitcoin or not, if not they will just moved to another coin, so this forking cause instability that affect all of the user and all of the bitcoin business aspect
Gambling platform may just support majority chain. And if there will be network split, it is quite sure that bitcoin core (BTC) will remain as major bitcoin chain. However during hardfork its better to not leave any bitcoin in gambling platforms, because you may not get some free BTU.
I dont think gambling sites really care about what's going to happen. Their main aim is to just keep their customer base and adding a few more from time to time. If the fork does happen soon, I think they will just list BTU as alretnate payment method if the customers demand for it. It's all about demand and functionality for them.
I don't think this will really affect the gambling sites, though they might adop the hard forked coins in their casinos when it happens. For sure they would wait whether it would be a good choice to do it if there are plenty of gamblers willing to use the hard forked coins. Though, I think it will not supplant bitcoins right now.
There's nothing ever going to replace Bitcoin, they are just perusing delusion and I wish them all the best. The so called hard fork is not going to have any impact on gambling websites as their coin will struggle to gain the popularity and trust that Bitcoin possesses. It will be difficult to adopt in the first place let alone succeed in the cryptocurrency markets. It's dead on arrival!
Gambling site don't care if there is a hard fork in the future. And they want is to profit. Bitcoin or alt-coin will be accepted. Gambling business has benefited from bitcoin as mode of payment and will not easily give it up. Maybe they are just monitoring behind the scene and will just update their payment method as what have others suggested. Other than that, they are just sitting there, watching their wallet grow and profit from those gamblers lossing their bitcoin.
I don't think this will really affect the gambling sites, though they might adop the hard forked coins in their casinos when it happens. For sure they would wait whether it would be a good choice to do it if there are plenty of gamblers willing to use the hard forked coins. Though, I think it will not supplant bitcoins right now.
There's nothing ever going to replace Bitcoin, they are just perusing delusion and I wish them all the best. The so called hard fork is not going to have any impact on gambling websites as their coin will struggle to gain the popularity and trust that Bitcoin possesses. It will be difficult to adopt in the first place let alone succeed in the cryptocurrency markets. It's dead on arrival!
A group of nearly 20 exchanges has released contingency plans in the event that the bitcoin network splits in two, creating two competing currencies. Details: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
I'd like to know the standing of bitcoin gambling games... Are they ready or people having coin with them may lose coins on one chain?
p.s. Above question is valid only for off-chain bitcoin gambling games, where we have to store our coins on site wallet before playing.
I don't think so. Gambling site doesn't need any complex payment method to promote. They just need to complete their game. Gambling site don't need new coin that exactly unstable to use as payment. I'd like to know the standing of bitcoin gambling games... Are they ready or people having coin with them may lose coins on one chain?
p.s. Above question is valid only for off-chain bitcoin gambling games, where we have to store our coins on site wallet before playing.
You can see know most of gambling site just accepted bitcoin to deposit or withdraw, just little part of them use altcoins.
I agree, I am pretty sure that the Casino websites only have to update their payment systems and the games will be ready for playing. Bitcoin isn't something that needs a huge learning curve, so that means with more Bitcoin related projects being integrated into Bitcoin Casino websites the people should already know what to do if that fork happens.
The Casino website's admins could put Altcoins as a payment option if Bitcoin Unlimited fails.
A group of nearly 20 exchanges has released contingency plans in the event that the bitcoin network splits in two, creating two competing currencies. Details: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
I'd like to know the standing of bitcoin gambling games... Are they ready or people having coin with them may lose coins on one chain?
p.s. Above question is valid only for off-chain bitcoin gambling games, where we have to store our coins on site wallet before playing.
I don't think so. Gambling site doesn't need any complex payment method to promote. They just need to complete their game. Gambling site don't need new coin that exactly unstable to use as payment. I'd like to know the standing of bitcoin gambling games... Are they ready or people having coin with them may lose coins on one chain?
p.s. Above question is valid only for off-chain bitcoin gambling games, where we have to store our coins on site wallet before playing.
You can see know most of gambling site just accepted bitcoin to deposit or withdraw, just little part of them use altcoins.
I don't think this will really affect the gambling sites, though they might adop the hard forked coins in their casinos when it happens. For sure they would wait whether it would be a good choice to do it if there are plenty of gamblers willing to use the hard forked coins. Though, I think it will not supplant bitcoins right now.
Indeed today there are 2 tension in the Bitcoin and this could give a bad impact on growth if it is not resolved properly. BTU does have a pretty good concept than bitcoin, but BTU enthusiasts also need to be able to soar like a bitcoin. So, even though the BTU succeed at launch but there are still many users who are interested in the venture will then bitcoin futile and does not give a good impact. About gambling sites, I am very confident that the user will follow where its loyal users using coin
If a Bitcoin fork happens, there isn't anything to do other than just watch it happen lol
Bitcoin Gambling exchanges don't have much to lose from what I am seeing because they will still get paid wehether that Bitcoin fork happens or not. If the Gambling Casino owners were smart then they would transfer their Bitcoins and keep a stash of fiat just so if something bad happens the guys could just purchase BU like nothing ever happened.
Bitcoin Gambling exchanges don't have much to lose from what I am seeing because they will still get paid wehether that Bitcoin fork happens or not. If the Gambling Casino owners were smart then they would transfer their Bitcoins and keep a stash of fiat just so if something bad happens the guys could just purchase BU like nothing ever happened.
i think bitcoin gambling games site is not prepared much thing for the site and they still continue to open their site and still receive more members to play in their games. i think the only thing that they maybe do is make some upgrade for their site to work with the hard fork if its necessary but if its not, then they are not doing anything. i think this will happen too with other sites so we should not be worried about this and i am sure that the owner is thinking about the hard fork too like us and they will make some changes if they think its need.
There is nothing can be prepared when the fork happened, the gambling sites will keep on operating no matter what will happened to bitcoin, the one that is affected is the gambler who invest their money and how the casino cover their expenses, I can see some gambling site can closed down due to the hardfork
The only thing people should worry about is that the site they deposit their funds on will credit you the other fork coins in case of a split like what happened with ethereum.
Other than that, it should not matter for the service they provide.
Other than that, it should not matter for the service they provide.
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