Bitcoin and Blockchain applied to Online Gambling and Betting

rizkyhiw

legendary

Activity: 1484

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Quote from: alisafidel58 on March 17, 2019, 04:34:45 AM

Quote from: Commitments on February 16, 2019, 12:55:40 AM

I disagree with bitcoin become partnership with gambling and betting, how ever many Moslem people in bitcoin trading or investing, its not good effect for bitcoin at the future if keep gambling and betting as bitcoin part.

Bitcoin did`nt partner with any gambling site,gambling site used it as part of their method when you want to deposit your money into their casino. Im not a racist, but more people trade bitcoin regardless of its race the livelier it will get.

Whats not good, is that the people who gambles a lot in the long run. What`s good is that with gamblers and traders the ecosystem of bitcoin is alive.

Yes, it is true that Bitcoin is only a means of exchanging for gambling because it is very good after many banks have been dismissed for partnering with gambling but not all, I think it benefits both of them where they can use it for gambling so it will increase Bitcoin and gambling, it is not good in the eyes of some people, but first see who is playing there and how they anticipate every risk, the development of both will always live for the next few years maybe forever.

samycoin

full member

Activity: 812

Merit: 100

I think because of the technology now that super high maybe they can do this but not all is for gambling. There's some projects in crypto that not related to online gambling that prove that bitcoin and blockchain is more on business than to gambling. Even our technology wil be always change.

dimox

legendary

Activity: 1610

Merit: 1003

many people out there like and playing gambling, everyday, every night. and its easy to something go to this platform. and im sure if some platform going to here, it will explode in a short time.
gambling is a good advertise than other, because many people like it. but, the risk is double between crypto and gambling

wuvdoll

legendary

Activity: 1442

Merit: 1025

Wasn't really expecting an advertisement topic on "economics" about a casino to be honest with you. If you would like to make an advertisement of your casino than open the topic on the gambling section, this is a place to talk about the "economics" of crypto and yeah even tough this topic could be considered economics after all it is still just pure advertisement with more words that's all.

Online gambling has been around for a long time now, even before bitcoin and blockchain started so bitcoin is not making online gambling it is just improving it, pokerstars and all that existed way before bitcoin did, hell even zynga poker which is played with "play money" has been around for longer than bitcoin yet people bought play money there so it could be considered real gambling. So bitcoin and blockchain is just here to make it a fair game and that is about it.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Blockchain totally fits in this type of fun service to people, since, it is incorruptible and offers audits in real time, where they show you the moves and the random reactions of the game. I think that Blockchain algorithms at the programming level are much safer than traditional casino programs.

In these cases according to a book of games, they always emphasize that the more technology exists and can be applied to the game, the sense of chance will take more strength and the game will be much cleaner, since it can not be manipulated by a third party. Following these recommendations, today there are many online pages where many players experience the same emotions as in a casino.

The additional advantage is, for those countries where the game is prohibited, through the blockchain technology, the game comes home, jumping all prhibition, being the blockchain technology pioneer in offering this type of utility.

alisafidel58

full member

Activity: 364

Merit: 127

Quote from: Commitments on February 16, 2019, 12:55:40 AM

I disagree with bitcoin become partnership with gambling and betting, how ever many Moslem people in bitcoin trading or investing, its not good effect for bitcoin at the future if keep gambling and betting as bitcoin part.

Bitcoin did`nt partner with any gambling site,gambling site used it as part of their method when you want to deposit your money into their casino. Im not a racist, but more people trade bitcoin regardless of its race the livelier it will get.

Whats not good, is that the people who gambles a lot in the long run. What`s good is that with gamblers and traders the ecosystem of bitcoin is alive.

cizatext

member

Activity: 952

Merit: 41

Quote from: sohvon on February 15, 2019, 09:30:33 PM

The industry does need more scrutiny and transparency. Something blockchain will assist with immensely. Good on BitBook for getting the wheels in motion.

I gues what blockchain does to them is to provide a payment system that allowed for decentralized transactions, like depositing and withdrawal of payments. The gambling industry has been on the increase lately and it operations on blockchain is making things easier for users and team.

CryptopreneurBrainboss

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Activity: 2450

Merit: 4295

eXch.cx - Automatic crypto Swap Exchange.

Quote from: Commitments on February 16, 2019, 12:55:40 AM

I disagree with bitcoin become partnership with gambling and betting, how ever many Moslem people in bitcoin trading or investing, its not good effect for bitcoin at the future if keep gambling and betting as bitcoin part.

If this is your guinue opinion then you don't understand what bitcoin stands for, bitcoin is a currency so it can be used for every other thing your average fiat currency can be used for. In fact due to the fact bitcoin is digital is has a higher advantage as it can be used in for online payment option and gambling sites utilizing it's potential is something to be proud of because it helps in the adoption of bitcoin as a valid currency..

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

if I hear the word gambling, I always remember my defeat, which almost reached $ 1,000, I do not know why I am addicted to betting gambling, I win a lot but when I start greedy, I take out all my digital assets to bet and finally I lose. Roll Eyes

This is common with majority of the gamblers, very few stay within the limits even after winning. Most people get into greed when they win and try to get back the lost fund when fails in the event. This keeps an user active on gambling, this seems to be the major factor affecting gambling even when it gets integrated through blockchain.

gowobonyok

jr. member

Activity: 490

Merit: 2

this will look more effective than using a credit card. because I think using crypto will be easier and faster in processing the transaction.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: ?? on ??

if I hear the word gambling, I always remember my defeat, which almost reached $ 1,000, I do not know why I am addicted to betting gambling, I win a lot but when I start greedy, I take out all my digital assets to bet and finally I lose. Roll Eyes

maybe at that time you are too confident, while knowledge is not good, so if you feel it is like gambling, and you risk it. but I am sure with that experience, of course nowadays it is getting better, and not arbitrarily trading

mrdeposit

hero member

Activity: 1358

Merit: 509

This can be counted as a development, but most of time BTC is used for gambling or illegal business, although there are plenty of places where BTC can be more useful. Undecided

Quote from: bangkit tri on February 16, 2019, 01:59:48 AM

indeed, many projects have the theme of gambling and betting. but I don't think it's all like that. only a few projects. so we can choose projects that are truly based on business

Most of the recent ICOs are related to gambling and interesting fact is that recently projects which reach soft cap are they.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: Bitinity on February 16, 2019, 07:46:00 AM

Be warned already by OP's red trust, no matter how good the project looks like but they have made a big mistake. Although they have admitted that they made a mistake but still it does not look like a professional team. They are new project but claiming themselves as the leading crypto sportsbook and casino, what a joke.

Nobody could give trust to their team as it is already found scam and having fake teams.
What a questionable team members behind and it probably their intention's is to generate money from gamblers and not giving the services they promise.
This is a huge impersonation and we never allow this one.

yusupjatigumilar

full member

Activity: 644

Merit: 100

Well the name is also gambling is very high risk, but one of the advantages of gambling using the blockchain system is a transparent but anonymous system so everyone can know where the funds flow, so cheating here can be minimized.

Bitinity

legendary

Activity: 3066

Merit: 1312

Be warned already by OP's red trust, no matter how good the project looks like but they have made a big mistake. Although they have admitted that they made a mistake but still it does not look like a professional team. They are new project but claiming themselves as the leading crypto sportsbook and casino, what a joke.

bangkit tri

full member

Activity: 532

Merit: 101

indeed, many projects have the theme of gambling and betting. but I don't think it's all like that. only a few projects. so we can choose projects that are truly based on business

Commitments

member

Activity: 532

Merit: 10

I disagree with bitcoin become partnership with gambling and betting, how ever many Moslem people in bitcoin trading or investing, its not good effect for bitcoin at the future if keep gambling and betting as bitcoin part.

sohvon

newbie

Activity: 17

Merit: 0

The industry does need more scrutiny and transparency. Something blockchain will assist with immensely. Good on BitBook for getting the wheels in motion.

mavipenguen

newbie

Activity: 51

Merit: 0

Of course, I watch all the developments excitedly. However, I think that gambling can be transferred to such comfortable areas, that people trust in a variety of ways and that they can increase their gambling addiction.
That's just a possibility, of course. What do you guys think about this?

Bitracium

newbie

Activity: 60

Merit: 0

Clearly, the blockchain is a technology for managing trust and reducing costs in all types of transactions

Topic: Bitcoin and Blockchain applied to Online Gambling and Betting (Read 377 times)