Topic: Bitcoin Gambling is Exploding - page 12. (Read 18086 times)

Quote from: goldcoinminer on May 17, 2016, 02:24:18 AM

This is all about quantity and in the future there will be a massive adoption of the future and that makes it even more awesome for the bitcoins and gambling sites.

You are only partially right about quantity. Because from what I know it is extremaly easy to create and operate bitcoin gambling site (at least compared to standard FIAT based gambling services)
That is the reason we have so many cryptocurrency casinos around. But in the end people will pick their top services and there will be only few really good casinos left.

It seems easy but there is also a lot of cases whereby even bitcoin top platform exchange also got hacked and are in serious trouble.

In most cases hackers just capitalize on lack of imagination and human error of operators.
Most of these attacks could have been reverted if owners weren't so stingy about providing additional money for security, backup, cold wallets.

And some of these 'attacks' were even fake - and covered exit scams of untrustworthy businesses.

Usually not some but all of the attacks so far have been proven fake and are only exit scams maybe not of the businesses themselves but of an individual who worked or was working for them. Its good so far no large casino have not made any of this excuses to get players fund, but if it does so, then the profit would be smaller than of that of a lot of gamblers playing there, thats why so far we have not seen anything like this happen to approved large casinos in bitcoin.

Absolutely, why would a gambling sites operate if it is prone to hacking or they don't have a system to contradict hackers. It requires a lot of money in gambling so the owner would do anything to protect their investment. Don't believe in that kind of shit cause that site would just scam you sooner or later.

Still we have seen banking systems gets hacked, so if the hacker or hackers are really good they can even hack a bitcoin casino and I think in the future this will be their target cause they know they can get quite a lot of bitcoins , its a good thing the majority of casinos store their bitcoins in cold wallets, but still hot wallets have big amount of coins also. I would be not so sure regarding an individual who is working in this company , if he has access to some sensitive areas of the website and if he has good friends with a lot of hacking capabilities it can be even an inside job.

Yes in banking system we are facing this problem i had experience with it some one hacked my account in the early morning i am getting messages that some one purchasing with my card and suddenly i went and drawn my remaining amount. I asked bank they said some one hacked in south africa and purchased with card swip how it possible card is with me. But still that case not closed i am waiting for my refund. So in this situation we can not trust any one. SO Bitcoin and bank both are same according to me.

teilwalL05

hero member

Activity: 980

Merit: 500

It is not a sin, it will only be a sin if you do bad things or against the law of God while gambling. Say for example, you lost big and you don't have money anymore to gamble, since you are desperate to gamble for a chance to win back your losses you rubbed a bank to have a money for gambling then I would say that is a sin.

We are sinners that cause Jesus to be sacrifice from the cross to save us but a person tend to sin and I think all sorts of material things in these earth are all sins because you let it consumes you so much and I think that includes gambling and even if Jesus pays for our sin we would easy make sins every time we cling so much from all earthly things ( now I am preaching hallelujah )

smho_16

sr. member

Activity: 420

Merit: 250

Quote from: Zooplus on May 17, 2016, 03:47:29 AM

Quote from: smho_16 on May 17, 2016, 03:04:27 AM

Quote from: smho_16 on May 17, 2016, 03:04:27 AM

This is all about quantity and in the future there will be a massive adoption of the future and that makes it even more awesome for the bitcoins and gambling sites.

You are only partially right about quantity. Because from what I know it is extremaly easy to create and operate bitcoin gambling site (at least compared to standard FIAT based gambling services)
That is the reason we have so many cryptocurrency casinos around. But in the end people will pick their top services and there will be only few really good casinos left.

It seems easy but there is also a lot of cases whereby even bitcoin top platform exchange also got hacked and are in serious trouble.

In most cases hackers just capitalize on lack of imagination and human error of operators.
Most of these attacks could have been reverted if owners weren't so stingy about providing additional money for security, backup, cold wallets.

And some of these 'attacks' were even fake - and covered exit scams of untrustworthy businesses.

Usually not some but all of the attacks so far have been proven fake and are only exit scams maybe not of the businesses themselves but of an individual who worked or was working for them. Its good so far no large casino have not made any of this excuses to get players fund, but if it does so, then the profit would be smaller than of that of a lot of gamblers playing there, thats why so far we have not seen anything like this happen to approved large casinos in bitcoin.

Absolutely, why would a gambling sites operate if it is prone to hacking or they don't have a system to contradict hackers. It requires a lot of money in gambling so the owner would do anything to protect their investment. Don't believe in that kind of shit cause that site would just scam you sooner or later.

Still we have seen banking systems gets hacked, so if the hacker or hackers are really good they can even hack a bitcoin casino and I think in the future this will be their target cause they know they can get quite a lot of bitcoins , its a good thing the majority of casinos store their bitcoins in cold wallets, but still hot wallets have big amount of coins also. I would be not so sure regarding an individual who is working in this company , if he has access to some sensitive areas of the website and if he has good friends with a lot of hacking capabilities it can be even an inside job.

Zooplus

legendary

Activity: 1106

Merit: 1000

This is all about quantity and in the future there will be a massive adoption of the future and that makes it even more awesome for the bitcoins and gambling sites.

You are only partially right about quantity. Because from what I know it is extremaly easy to create and operate bitcoin gambling site (at least compared to standard FIAT based gambling services)
That is the reason we have so many cryptocurrency casinos around. But in the end people will pick their top services and there will be only few really good casinos left.

It seems easy but there is also a lot of cases whereby even bitcoin top platform exchange also got hacked and are in serious trouble.

In most cases hackers just capitalize on lack of imagination and human error of operators.
Most of these attacks could have been reverted if owners weren't so stingy about providing additional money for security, backup, cold wallets.

And some of these 'attacks' were even fake - and covered exit scams of untrustworthy businesses.

Usually not some but all of the attacks so far have been proven fake and are only exit scams maybe not of the businesses themselves but of an individual who worked or was working for them. Its good so far no large casino have not made any of this excuses to get players fund, but if it does so, then the profit would be smaller than of that of a lot of gamblers playing there, thats why so far we have not seen anything like this happen to approved large casinos in bitcoin.

Absolutely, why would a gambling sites operate if it is prone to hacking or they don't have a system to contradict hackers. It requires a lot of money in gambling so the owner would do anything to protect their investment. Don't believe in that kind of shit cause that site would just scam you sooner or later.

smho_16

sr. member

Activity: 420

Merit: 250

Quote from: teilwalL05 on May 16, 2016, 08:37:45 AM

This is all about quantity and in the future there will be a massive adoption of the future and that makes it even more awesome for the bitcoins and gambling sites.

You are only partially right about quantity. Because from what I know it is extremaly easy to create and operate bitcoin gambling site (at least compared to standard FIAT based gambling services)
That is the reason we have so many cryptocurrency casinos around. But in the end people will pick their top services and there will be only few really good casinos left.

It seems easy but there is also a lot of cases whereby even bitcoin top platform exchange also got hacked and are in serious trouble.

In most cases hackers just capitalize on lack of imagination and human error of operators.
Most of these attacks could have been reverted if owners weren't so stingy about providing additional money for security, backup, cold wallets.

And some of these 'attacks' were even fake - and covered exit scams of untrustworthy businesses.

Usually not some but all of the attacks so far have been proven fake and are only exit scams maybe not of the businesses themselves but of an individual who worked or was working for them. Its good so far no large casino have not made any of this excuses to get players fund, but if it does so, then the profit would be smaller than of that of a lot of gamblers playing there, thats why so far we have not seen anything like this happen to approved large casinos in bitcoin.

DuckKeeper

sr. member

Activity: 364

Merit: 250

It is not strange that it has grown so big. There are so many women and men who are gambling these days and of course
they find many things where they can gamble for. If it's not gold they will gamble with coins If it is not coins they gamble with all
other things that got a value.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: The_prodigy on May 16, 2016, 07:15:19 AM

Quote from: teilwalL05 on May 16, 2016, 07:05:01 AM

Quote from: The_prodigy on May 16, 2016, 07:15:19 AM

Bitcoin gambling is exploding untill the governments start to regulate btc gambling.
Sonner or later this will happen.
Untill then,lots of people will profit...

If they can control their bets and never get greedy in gambling that is possible but at times people become addicted to it and that will be the time they will lose so much in gambling but they can't stop in playing it, that is why many countries banned gambling because of so much addiction just like drugs

Honestly gamble your money is one of the sins that's why gambling is banned in some country.. and i think gamble is sins in all religions..
Muslim catholic or any religions.. So its better to stay away from any gambling because if you are addicted to it you will lose everytime you play..

Yup! Gambling is a sin because money is the root of all evil, in some aspect of religion gambling as seen as a sin by some and it is true, but in some people gambling is just there because of the fun and excitement involve with it, but in my perspective gambling is not sin it is evil the one that are sin are the person involve in it because we are all sinners.

It is not a sin, it will only be a sin if you do bad things or against the law of God while gambling. Say for example, you lost big and you don't have money anymore to gamble, since you are desperate to gamble for a chance to win back your losses you rubbed a bank to have a money for gambling then I would say that is a sin.

teilwalL05

hero member

Activity: 980

Merit: 500

Quote from: teilwalL05 on May 16, 2016, 07:05:01 AM

Quote from: teilwalL05 on May 16, 2016, 07:05:01 AM

Bitcoin gambling is exploding untill the governments start to regulate btc gambling.
Sonner or later this will happen.
Untill then,lots of people will profit...

If they can control their bets and never get greedy in gambling that is possible but at times people become addicted to it and that will be the time they will lose so much in gambling but they can't stop in playing it, that is why many countries banned gambling because of so much addiction just like drugs

Honestly gamble your money is one of the sins that's why gambling is banned in some country.. and i think gamble is sins in all religions..
Muslim catholic or any religions.. So its better to stay away from any gambling because if you are addicted to it you will lose everytime you play..

Yup! Gambling is a sin because money is the root of all evil, in some aspect of religion gambling as seen as a sin by some and it is true, but in some people gambling is just there because of the fun and excitement involve with it, but in my perspective gambling is not sin it is evil the one that are sin are the person involve in it because we are all sinners.

The_prodigy

hero member

Activity: 924

Merit: 500

Bitcoin gambling is exploding untill the governments start to regulate btc gambling.
Sonner or later this will happen.
Untill then,lots of people will profit...

If they can control their bets and never get greedy in gambling that is possible but at times people become addicted to it and that will be the time they will lose so much in gambling but they can't stop in playing it, that is why many countries banned gambling because of so much addiction just like drugs

Honestly gamble your money is one of the sins that's why gambling is banned in some country.. and i think gamble is sins in all religions..
Muslim catholic or any religions.. So its better to stay away from any gambling because if you are addicted to it you will lose everytime you play..

teilwalL05

hero member

Activity: 980

Merit: 500