I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.
Is it already happening? - I don't mean on the internet
And do you think this will be future of casinos?
Do you know that one day bitcoin will become a main stream currency and we will be using it in physical places like hotels, restaurants and shops. At that time bitcoin will be used in physical casino also.
Don't be much hypothetical here, we've known bitcoin for so long, we've known its capability but let us not forget that it contain high volatility rate which is more likely the reason why people would easily give up on crypto. There are already establishments that acknowledge cryptocurrency, most of them are well known companies across the globe. I don't think physical casinos would do the same as they are regulated by the government, being that said casinos also have workers to be paid not by means of bitcoin but fiat. We need more time, much time to transition into cashless society.
Bitcoin volatility can only be reduced when it is widely spread everywhere and bitcoin is distributed. If few whales hold major portion of the bitcoins, then this manipulation cannot be stopped
If wishes were horses, beggars might ride
Or it is easier said than done (not plagiarism but a couple of witticisms). To cut a long story short, Bitcoin is good money while fiat is bad money, with the implication being that people prefer to hoard bitcoins and spend dollars (or whatever). Yeah, I know it sounds a little bit like paradox given Bitcoin's extreme volatility but the main premise still stands (good versus bad). What that means is that there is little to no chance for Bitcoin to be evenly distributed, ever, which in turn essentially means volatility is here to stay and we have to live with that
Also we will have a phase when the fiat will completely be replaced by the digital currency and at that time, even the physical casino will be using the crypto. Although this may take a decade or even more to happen
But that's unlikely to happen for the reasons stated. However, personally, I have doubts whether we actually need that land casinos started to accept crypto when there is no lack of online ones with which you can gamble your coins away in a relaxed and cozy manner without leaving your armchair and constantly looking back over your shoulder (though you can still safely keep your fingers crossed)
