Bitcoin and casinos - page 5. | Bitcointalksearch.org

deisik

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Quote from: Betwrong on October 17, 2019, 03:28:34 AM

Quote from: deisik on October 16, 2019, 12:06:34 PM

Quote from: Betwrong on October 16, 2019, 04:26:22 AM

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I agree with you on "crème de la crème" that most of them are well educated, but these people do not make up the majority of Las Vegas visitors. Take a look at the stats:

Quote from: https://www.statista.com/statistics/221042/visitors-to-las-vegas/

Number of visitors to Las Vegas in the United States from 2000 to 2018 (in millions)

I presume that over 90% of those 40 million are not "crème de la crème", don't you think?

Was it Mark Twain who said that there are three kinds of lies?

Namely, lies, damned lies, and statistics. And since the intensity seems to be rising from left to right, we must assume that statistics are the most insidious and treacherous form of lies, even more damned than the most damned of all lies. More specifically, we don't know how unique these visitors are at all

As with online gamblers, there should be gambling addicts as well who spend their whole days, or rather nights (or maybe even days and nights), at the tables. In this way, we should be very cautious to draw any definitive conclusions from these figures as to who actually visits these establishments and how often

Quote from: Betwrong on October 17, 2019, 03:28:34 AM

The vast majority of Las Vegas visitors are middle-class customers, and although some of them still can be well educated, most of them are definitely not

In fact, I heard that narrative many years ago, that the majority of money comes from simple folks. But that must be an urban legend, myth, or something to that effect

Quote from: Betwrong on October 17, 2019, 03:28:34 AM

Yet I think you are absolutely right regarding the new rich. Folks from the crypto community will be joining the multi-millionaire squad with increasing pace, and casino operators should definitely take that into account

New money versus old money

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Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

I think it is already happening in online casinos that they are now accepting bitcoin and other cryptocurrency as payment or for them to be able to play. But in real casinos, i don't think it is already happening because bitcoin does not regulated by the government that they can only accept fiat.

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that's already happening, casinos support bitcoin bets, and even more modern cryptocurrency gambling,
and of course this is a future casino development, in a few years I am sure there will be more casinos and more sophisticated gambling with bitcoin or cryptocurrency bet and payments.

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Quote from: deisik on October 16, 2019, 12:06:34 PM

Quote from: Betwrong on October 16, 2019, 04:26:22 AM

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I would not either! Regular people are actually a lot less knowledgeable about things that even they do a lot. Like me, for example, I gambled quite a lot online for a very long time but I only found out about provably fair and house edge when I came into crypto, believe it or not!

And I bet there is still a lot of people like me who have yet to understand crypto and gambling.

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Quote from: pandukelana2712 on October 17, 2019, 05:04:16 AM

As far as I know, some people who use bitcoin aren't confident when playing at offline casinos.
They're comforting when they're playing in their safety zone, so that why online casino more enjoyment for bitcoiners.

Also, most bitcoiners play with anonymous identities for privacy reasons.

That's the benefits of using bitcoins when playing online, they are enjoying the comfort playing inside their own place without worrying
that someone might see them, the privacy and the easy way to transact are the factors why bitcoiners chose this venue to use as an
alternative to real offline casino,

Many more people adopting this feature using anonymous gaming.

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Quote from: pandukelana2712 on October 17, 2019, 05:04:16 AM

Also, most bitcoiners play with anonymous identities for privacy reasons.

There still exists a lot of gamblers who play for fun on physical casinos. Not everyone is using or knowing about crypto and many of them dont adopt or think bitcoin to be worth using. Some, like in popular media consider it to be a ponzi, though for bitcoiners they know its not true. So this is more of a bitcoin Vs Adoption context.

Privacy is one thing and bitcoin is pseudo-anonymous. A good blockchain forensic service can find out a lot of information on the address spending the coins and casinos need to do that for tainted sources. It does give a mode of privacy but its not completely so.

pandukelana2712

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As far as I know, some people who use bitcoin aren't confident when playing at offline casinos.
They're comforting when they're playing in their safety zone, so that why online casino more enjoyment for bitcoiners.

Also, most bitcoiners play with anonymous identities for privacy reasons.

sunsilk

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Quote from: Genemind on October 16, 2019, 09:18:20 AM

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

You should've mention on which crypto you're living. It's hard to guess if there's no clue so that we can verify if that's really happening there. And if that's actually a legit thing on your country, that's actually a good initiative for that casino.

Online casinos became one of the industry that adopted bitcoin and altcoins as follows. No doubt that nearly in the future, the physical ones that sees an advantage or see it as another gateway for their gamblers will adopt it.

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Quote from: deisik on October 16, 2019, 12:06:34 PM

Quote from: Betwrong on October 16, 2019, 04:26:22 AM

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

I agree with you on "crème de la crème" that most of them are well educated, but these people do not make up the majority of Las Vegas visitors. Take a look at the stats:

Quote from: https://www.statista.com/statistics/221042/visitors-to-las-vegas/

Number of visitors to Las Vegas in the United States from 2000 to 2018 (in millions)

I presume that over 90% of those 40 million are not "crème de la crème", don't you think?

The vast majority of Las Vegas visitors are middle-class customers, and although some of them still can be well educated, most of them are definitely not.

Yet I think you are absolutely right regarding the new rich. Folks from the crypto community will be joining the multi-millionaire squad with increasing pace, and casino operators should definitely take that into account.

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Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

Online gambling is the first ones to embraced crypto or accepted crypto in their sites. Now there are some casinos who are accepting Bitcoin and other cryptos as a payment for the chips already. Even though there are some online gambling sites already, there are still gamblers who prefer gambling in a casino rather than online and there are some gamblers who doesn't know Bitcoin at all.

For me, in the future there will be some people who are gambling in casinos that will just gamble online for some reasons but still the gambling industry will be huge as always.

Peashooter

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I remember some casino in Las Vegas that accept bitcoin as a trade to a chips but I don't know what casino is this, this is not an online casino in which you can play on their website, but I dont have any news right now if it is still regulating. But most popular right now if you want to gamble your bitcoins is through websites in which you are playing also in a real players but it is on the internet. I think it would be hard for now to says that this would be the future of casinos because many people still want an live gambling and live casinos.

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Quote from: Genemind on October 16, 2019, 09:18:20 AM

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

In a real casino? I guess that the crypto will become popular in your country in a gambling field because I think in the real casino, they only use fiat and in online gambling, which using cryptocurrency as the bet. But yes, if crypto can be used in the real casino, that will help the growth of crypto in that country and no matter if only the gamblers will use crypto, soon it will reach more people in that country because they will tell their story to other people how they can take the benefit of cryptocurrency.

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Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

Online gambling is the first to embrace it, so it's expected that casinos will follow the trend and it's only a matter of time, they have to study the structure and upgrade their system to accept Cryptocurrency, but it's already happening on some casino maybe five years from now we have 70 of casinos using Bitcoin, because it's the future payment, that they cannot ignore.

peter0425

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Quote from: Genemind on October 16, 2019, 09:18:20 AM

Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

Are you talking about online casino?because what OP asking is in real life casino if we are already using or accepting bitcoin and not online casino that are now having bitcoin and some altcoin as a mode of betting

Things that I think still on process,because they it wasn’t offered in real(or maybe I’m missing something)but in our place still none of this are happening

deisik

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Quote from: Betwrong on October 16, 2019, 04:26:22 AM

I'm talking about regular people, people with lack of knowledge. Casino owners are not like them. They are either educated themselves or have educated advisers, so they are not afraid of Bitcoin, but they must take into account the views of their customers

Well, I wouldn't call those dudes "regular people"

I refer to the strata of society that frequents Las Vegas-style casinos ("crème de la crème"). They are definitely well educated and we should expect more Bitcoin supporters among them than among the regular crowd. I wouldn't actually be surprised if many of the nouveaux riches turned out to be the new rich specifically because of and thanks to Bitcoin. This is what casino operators must take into account as well

Genemind

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Some casinos are actually offering games with crypto. In our country, there are casino players who are into crypto rather than fiat which is an advantage for the growth of crypto in our country. Implementing crypto payment would be better and it attracts most gamblers to invest and choose bitcoin and other altcoins. I believe that the crypto industry will merge with more casinos in the future.

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Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

Online and offline is just the same if they can install and use Bitcoin and other Cryptocurrency to their online version, they can also use that in their offline version but the structure will be very different, like real casinos will have to get compliant and license, they have to employ QR code and atm in their locations, I'm pretty sure these casinos will going to do like that if they want Bitcoin holders to play on their casinos.

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Quote from: AliMan on October 14, 2019, 04:43:58 AM

Quote from: carlisle1 on October 14, 2019, 01:19:30 AM

Quote from: wxa7115 on October 07, 2019, 03:46:53 PM

Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

I have yet to see a physical casino that accepts bitcoin but in theory it should not be that hard, you could exchange your bitcoin for fiat and then you could receive casino tokens and play with them, then when you are finished if you still have some tokens left you could exchange them for bitcoin, it is not really that complex but I doubt that many casinos would like to do that since they will need to hold some bitcoin and they could lose some money in the process thanks to its volatility

but why need to exchange the crypto for fiat if we can just play using cryptocurrency?thats the point of OP why he was seeking if this is possible things that i know its yes

imagine time will come that all we need is bring our mobiles to buy chips without converting to fiat that may require fees and any other issues

just like what we are doing at home while playing online casinos wasn't that cool to have?

The direct payment of cryptocurrency towards casino chips was still working out by gambling developers, and as business still continues to move forward for innovative improvements those possibilities were highly recommended. For now don't consider those fees on conversion as big deals, because it's just affordable and I don't see any glitches which may result to failure of withdrawal or betting activities.

why not consider the fees when we can play without paying>??and who told you that its affordable?of course it is but this can be gone if only the cryptocurrency were accepted.
anyway it seems that you are not playing at all that's why you can talk like that

Quote from: smyslov on October 14, 2019, 04:55:28 AM

Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

I thought this thread was created three years ago but this is a new post just this year, s.

what?where did you get the idea that the thread was created 3 years ago?wondering where you from lol.
for OP maybe we have no chance these days but i am sure this was being considered by devs and teams and might be available very soon

crzy

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Quote from: elda34b on October 14, 2019, 12:42:33 AM

Quote from: Slow death on October 11, 2019, 03:17:23 PM

but offline casinos that implement bitcoin as a payment method can have long term losses, you saw that until recently the price was $ 12000 and now the price is $ 8000, i wonder how offline casinos would do to avoid having big losses if they accepted bitcoin as a means of payment. A few years from now (maybe 10 years) when the market is very large and not manipulated and regulated, I believe offline casinos will be happy to add bitcoin as a means of payment.

I think it's easy for them to exchange the Bitcoin into fiat or stable coins when necessary. After all, there's nothing stopping them from doing that. You don't have to keep your Bitcoin forever, especially if it's volatile and can swing 20% in a day.

I believe most business also do that atm, can't blame them.

Its easy since a lot of ways to convert your bitcoin to fiat money especially with big companies. Offline casinos might still not adopt bitcoin because of its volatility, and the value of bitcoin is still a problem to other businesses. Bitcoin and casinos can work together on a different ways, they will find out soon.

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Quote from: Saisher on October 16, 2019, 06:05:38 AM

Quote from: NeCrypto123 on September 24, 2019, 02:13:46 AM

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?

Once they tested it and it's compatible with their system, they integrated it and make part of their system, casino operator wants convenience for their users, and so far online casinos are ok with integrating Bitcoin offline casinos are going to be the next inline, Bitcoin is in the adoption period so many industry are testing how to integrate it.

And if there is a big offline casino trying to integrating with bitcoin or cryptocurrency, and it succeeds, then that will be a way for cryptocurrency to be reached in the gambling industry. There will be much other offline gambling will follow that step to integrate with bitcoin and not just to use bitcoin, but they will use another coin. That will be a big step for cryptocurrency to reach more people in all country, especially for people who lived in the country where gambling was allowed.

Topic: Bitcoin and casinos - page 5. (Read 4136 times)