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Topic: Betting : A big problem to crypto? - page 13. (Read 1867 times)

hero member
Activity: 2618
Merit: 582
Leading Crypto Sports Betting & Casino Platform
August 16, 2019, 02:39:26 AM
#41
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
For those saying that developers needs more time to create useful applications, what else do you want them to create?
Another means for people to spend money or what? Cryptocurrency is used mainly for gambling and that’s how it’s meant to be since it’s not some real money, it’s just a means of transaction that keeps people anonymous and that’s something that gamblers likes a lot, so they will always jump on it and use it for most if their transactions.

There are already lots of gambling sites popping up every single month and claiming to crypto online casinos, and there are also lots of people making use of these sites to gamble and as usual, there are lots of them that are losing their money every seconds, because the house will always have a better edge over the players, which means that the players has less chance of winning. Even those of them that claims to use strategy, that thing never works based on my research. They are just relying on luck and they think strategies are helping them, lol.
member
Activity: 770
Merit: 14
www.thegeomadao.com
August 15, 2019, 02:45:05 AM
#40
I do not have any qualms about crypto being used for gambling. To be honest, cryptocurrency is a form of digital currency and its owners are free where to spend and use it until their usage affects and encourage illegal activities. As far as I know betting are allowed in many countries. So I do not have any problem with it.
member
Activity: 140
Merit: 12
August 15, 2019, 02:42:00 AM
#39
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?

Can you please share that article, because we don't know how relevant is that article and what kind of info they used.

But even if it is true, i don't see any problem with it.More use for crypto, the better.
member
Activity: 434
Merit: 10
www.thegeomadao.com
August 15, 2019, 02:18:16 AM
#38
I also do not have any problem with it. Most of the coins in the market are used for nothing. In another words, they are not being used for what they are created for.
Some of coins have been used at least for betting. So far coins are being used for speculation or anything others.
hero member
Activity: 3052
Merit: 685
August 15, 2019, 01:54:08 AM
#37
Betting or gambling is one of the reason why crypto is becoming more popular, based on personal experience, I can testify that I was here in the early times because of gambling and because of my love in gambling, it help me discovers a lot of money making opportunity and until now I am still gambling but not too aggressive like the past, I learn that gambling is better to be treated as a fun activity.
hero member
Activity: 3024
Merit: 651
August 15, 2019, 01:09:23 AM
#36
It depends on the human being on how he will use his money and where.

Look, Casinos are being made legal and they are all over the world. It is like every country have a place to where they could spend their money with gambling it.
It have a good market. Hell, even the Lotto games are legalized by the government for them to make profit out of it.
It is just the same with crypto currencies for it is also money.
Too much thinking about that will just stress you. Just pick the right gambling site. You can click my signature if you want to try dicing.
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
August 15, 2019, 12:31:28 AM
#35
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?

First, can you share that article with us?

For me, it's not bad at all, gambling is not illegal and with the increasing demand from gamblers all over the world, that would help for the crypto industry to grow. That is not a problem at all, in fact, it's an opportunity not only for business operators but also for gamblers where gambling in their country is illegal since with crypto, one can gamble anonymously and he can enjoy with different platforms in the gambling world.
sr. member
Activity: 1428
Merit: 251
August 15, 2019, 12:20:50 AM
#34
What makes you consider that crypto for betting is a bad thing?
Well, the crypto world is for all types of sectors, it depends on every coin that is used, for betting or other payment methods. In this case, we can see several cryptos only for betting. As long as it has better utility and worth, why not?

I agree that crypto is not just about betting but many business sectors are encroached on by cryptocurrency. Indeed many projects are targeting betting but that is not a bad thing because in some countries betting or gambling is legally legal. If you think betting is bad, choose a project that is not targeting betting because there are still many investment options in the cryptocurrency market
legendary
Activity: 1610
Merit: 1131
August 14, 2019, 10:10:33 PM
#33
If the article is true it is normal, Encryption created in order to provide and facilitate services, We cannot judge gambling service as illegal.
member
Activity: 742
Merit: 16
August 14, 2019, 09:52:57 PM
#32
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?

I dont see anything  wrong if crypto is been used as means of payment for any gambling source infact its another form of usability  that makes lot of sense,i remember when i start hunting for airdrops the tokens that pays me are gambling tokens and i was able to change to usd easily
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
August 14, 2019, 07:47:35 PM
#31
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
No it does not. You are just over thinking. Why would it portray crypto in a bad way? Why do people think gambling is a bad thing? It is not. It is just a form of entertainment (unless it becomes an addiction. Addiction to anything is always harmful). People gamble using fiat money. Does it portray fiat in a bad way? Are people concerned about it? Nope they are not. So let us also not be concerned about crypto being used in gambling.
member
Activity: 753
Merit: 15
mulierum.com
August 14, 2019, 07:37:50 PM
#30
What makes you consider that crypto for betting is a bad thing?
Well, the crypto world is for all types of sectors, it depends on every coin that is used, for betting or other payment methods. In this case, we can see several cryptos only for betting. As long as it has better utility and worth, why not?
jr. member
Activity: 336
Merit: 1
A nexgen decentralized ride hailing
August 14, 2019, 06:33:32 PM
#29
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Yes, it's everyone's business what to do with the crypto currency , I do not see anything wrong with this , but somehow it is unlikely to affect the crypto currency , since it is created for anonymity to a greater extent.
full member
Activity: 562
Merit: 100
August 14, 2019, 04:59:50 PM
#28
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
By and large, the category of people who bet with the help of cryptocurrencies will not react to the article you are talking about.And people far from cryptocurrencies will simply bypass this article as it does not affect them.In General, I can say that the figure of 60% is overstated.But even if this is the case, I'm still glad that the cryptocurrency has a demand (even in such a direction as gambling)
member
Activity: 1302
Merit: 25
August 14, 2019, 04:38:57 PM
#27
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?

If the assumption is even correct, I don't see what is bad in that. The world is changing daily and people don't go offices before they live a good life these time. If gambling is one way that people make money, they won't burge to whatever form that because the medium.
member
Activity: 574
Merit: 10
August 14, 2019, 04:33:47 PM
#26
Gambling in crypto is not a bad thing. It's just that one way to produce crypto in addition to investing or trading. So there is nothing wrong and nothing bad in gambling to produce more crypto.
member
Activity: 372
Merit: 11
elysian.finance
August 14, 2019, 04:25:44 PM
#25
It does not portray crypto in a bad way and if you observe the crypto market very well you will notice that majority of betting projects tend to do well and that is because there is high demand and use cases  for them.
sr. member
Activity: 1246
Merit: 306
C U
August 14, 2019, 04:17:00 PM
#24
I don't think that betting or gambling as an activity could be a threat to cryptoworld as long as peoples win. Imagine that 1.000.000 gamblers invest 10 usd into a betting company using bitcoins/ethereum as a mean of deposit. Imagine that these 1m peoples lose their bets.. that would be 10M$ lost in Bitcoin/Ethereum. Now, imagine that this company has 10M$ worth in crypto, imagine that the same act gets on place in another companies and peoples keep losing funds.. the big companies will have lots of crypto and they will be the whales .. Crypto will never remain decentralised.
full member
Activity: 924
Merit: 112
August 14, 2019, 03:54:11 PM
#23
What's the difference? What's wrong? if people are gambling, they will at least put stones on bets. It's a disease) And if you claim that 60 % of transactions are used for betting, what would happen if there were no bets?)
member
Activity: 194
Merit: 10
August 14, 2019, 03:31:17 PM
#22
I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?

Some people say that cryptocurrencies are used by drug dealers to make payments between themselves. Is cryptocurrency to blame? People themselves are free to make their choice.
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