Topic: Bitcoin Lightning Network Casinos (Read 258 times)

Quote from: Agbe on June 29, 2024, 11:50:09 AM

Quote from: betswift on June 28, 2024, 11:40:03 AM

Hello!

Seems like you need to find just a casino where you can bet with BTC! There are various options on the market, so find the most suitable for you!

Though I am not too good with Lighting network but I understand lighting network and the topic and the content of this thread. The Op is trying to know if there is any casino that uses Lightening Network. And I know that people who are using the network is not much so in that case the casinos that are using the network is not much as well but they are and some commentors have dropped links for those casinos.

Quote from: BitGoba on June 28, 2024, 05:38:03 AM

Altcoin networks are not secure for transactions because they are highly centralized.

Lightning network is also centralized, so your argument for not using altcoins sucks.
I know some casinos wanted to add Lightning Network but it was so complicated and full of bugs in the process so they had to give up and instead added Litecoin and Doge.
I prefer Bitcoin, but I dont like Lightning Network and I use altcoins for lower fees.

Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain.

This is bullshit.
Lightning does not have private transactions.

Most people seem not understanding the concept and the content of the thread so they are saying things that are not related to the topic or the content. They think lightening network is a coin which a gambler select to deposit or withdraw. And I think BitGoba is one of them.

Bitgoba is a senior programmer with many years of experience, and rest assured, he understands the technical aspects of Bitcoin, shitcoins, and the Lightning Network better than most people on this forum. Additionally, in recent years, I have read several excellent economic books such as "The Bitcoin Standard," "The Fiat Standard," "Broken Money," etc., which have enabled me to understand Bitcoin from an economic perspective. I've gone down this rabbit hole, and now I understand what Bitcoin is and what a shitcoin is, but unfortunately, many still don't grasp this concept.

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Quote from: _act_ on June 29, 2024, 08:57:03 PM

Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain.

This is bullshit.
Lightning does not have private transactions.

Hope you are not yet drunk before making this post. You do not have to correct someone's posts with wrong information. You can go for your own node and channel. It is true that lightning transactions are private than on-chain transactions. In fact, if you have you own lightning node and channel, the transactions you make is like you are using a mixer.

I was talking about estimates of Lightning Network usage. We can't know how much the Lightning Network is used, as we can't see the transactions, who is sending to whom, and how much. The only indicator of actual Lightning Network usage can be the number of bitcoins locked in smart contracts on the Lightning Network. After all, why would someone lock up bitcoin, open a channel, and pay miners fees for opening and closing the channel if they aren't using the Lightning Network?

_act_

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Quote from: BitGoba on June 28, 2024, 08:52:32 AM

Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain.

This is bullshit.
Lightning does not have private transactions.

Hope you are not yet drunk before making this post. You do not have to correct someone's posts with wrong information. You can go for your own node and channel. It is true that lightning transactions are private than on-chain transactions. In fact, if you have you own lightning node and channel, the transactions you make is like you are using a mixer.

Saint-loup

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I'm sursprised that no one has named Bitcasino and Livecasino. They are ones of the biggest and most known crypto casinos of the industry. That's weird(or not really) nobody here is aware they are offering Lightning Network deposits and withdrawals.
Empire.io is also offering such feature.

Findingnemo

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Quote from: _act_ on June 28, 2024, 07:51:56 AM

Quote from: paxmao on June 28, 2024, 07:35:07 AM

does anyone know if there is any problem in supporting lighting? does it cost more or anything?

There is no problem in supporting lightning but probably the gambling sites see many options like altcoins that their users can use instead. If their users are sending them messages and they are many about when they want to support lightning network, they will consider having it and later support it. What I think can be the problem is that they may want to run a lightning node and which will be running 24/7 but the money generated from it may be small to them. What I think they may be thinking also is the security of their customers fund. But there are many casino sites that are very rich and having lightning network is something small for them to do.

Gambling sites could run their own Bitcoin Lightning nodes and generate additional revenue by routing transactions on the Lightning Network.

The problem with Bitcoin is that it is decentralized, there is no central entity to manage it like with altcoins, there is no budget for marketing or developers, etc.

Altcoins are more like companies, for example, Ethereum, which has the Ethereum Foundation company registered in Switzerland, and Vitalik Buterin acts like the CEO. Before launching the network, they had a pre-mine of 70 milions ETH, which they sold and made a lot of money. They have the funds to invest in marketing and developers.

Bitcoin Lightning and Bitcoin don't have marketing teams

Running bitcoin nodes is not going to bring any considerable profit and there is a reason why people doesn't prefer LN on casinos cause it's suitable for TX with lesser amount or else they need to have huge channel capacity which is possible for the casino but it comes at a cost so they can simply choose the altcoin instead of LN for the sake of managing that is why we don't have LN deposits and withdrawals on most of the casinos.

And also I wonder it may interfere with their AML policies cause LN transactions are not onchain so it can be considered as anonymous so it's like asking for trouble when it not really needed.

Agbe

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Quote from: betswift on June 28, 2024, 11:40:03 AM

Hello!

Seems like you need to find just a casino where you can bet with BTC! There are various options on the market, so find the most suitable for you!

Though I am not too good with Lighting network but I understand lighting network and the topic and the content of this thread. The Op is trying to know if there is any casino that uses Lightening Network. And I know that people who are using the network is not much so in that case the casinos that are using the network is not much as well but they are and some commentors have dropped links for those casinos.

Quote from: BitGoba on June 28, 2024, 05:38:03 AM

Altcoin networks are not secure for transactions because they are highly centralized.

Lightning network is also centralized, so your argument for not using altcoins sucks.
I know some casinos wanted to add Lightning Network but it was so complicated and full of bugs in the process so they had to give up and instead added Litecoin and Doge.
I prefer Bitcoin, but I dont like Lightning Network and I use altcoins for lower fees.

Quote from: BitGoba on June 28, 2024, 05:38:03 AM

Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain.

This is bullshit.
Lightning does not have private transactions.

Most people seem not understanding the concept and the content of the thread so they are saying things that are not related to the topic or the content. They think lightening network is a coin which a gambler select to deposit or withdraw. And I think BitGoba is one of them.

notblox1

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Altcoin networks are not secure for transactions because they are highly centralized.

Lightning network is also centralized, so your argument for not using altcoins sucks.
I know some casinos wanted to add Lightning Network but it was so complicated and full of bugs in the process so they had to give up and instead added Litecoin and Doge.
I prefer Bitcoin, but I dont like Lightning Network and I use altcoins for lower fees.

Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain.

This is bullshit.
Lightning does not have private transactions.

BitGoba

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Quote from: Solosanz on June 28, 2024, 10:47:22 AM

Is that your own sites? I'm surprised why you list this 1x shitty casino in your sites, here's the list why 1xbet is a scammy casino 1xbit scam accusations. Scamming gamblers since 2017 (1xbet is a sister company of 1xbit).

Although anyone can down vote the casino that they don't like, it's better if scam site got excluded. At the same time I don't like the ranks based on vote, people just need to spend their money to get higher rank even though they might not deserve it, but I understand this way is a form of money making.

Anyone can add a website that accepts Bitcoin and Bitcoin Lightning payments. Users can write reviews and rate these websites. It's a directory designed to establish trust in various services that offer Bitcoin payments

https://spend-sats.com/view/website/1xbet/

BitGoba

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Quote from: betswift on June 28, 2024, 11:40:03 AM

Bitcoin Lightning Network is being used extensively. Transactions on the Lightning Network are private, so we can't know the exact number or nature of the transactions like we can with Bitcoin on-chain. However, one piece of data can give us an approximate idea of how much the Lightning Network is being used: the number of bitcoins locked in the Lightning Network. Currently, this is around 5,200 bitcoins, worth more than 300 million dollars

Here you can track the statistical data of the Lightning Network
https://mempool.space/lightning

When payment channels are opened on the Lightning Network, a smart contract is created that locks Bitcoin, No one would create such smart contracts and lock Bitcoin in the Lightning Network payment channels if there were no need for transactions.

_act_

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Seems like you need to find just a casino where you can bet with BTC! There are various options on the market, so find the most suitable for you!

Your post is off-topic to this discussion because we all know that almost all the crypto gambling sites are having bitcoin as one of the ways their customers can deposit and withdraw. The question is about bitcoin lightning network deposit and withdraw and not just about bitcoin deposit and withdraw. Most crypto gambling sites do not have bitcoin lightning network deposit and withdraw option.

Quote from: Agbe on June 28, 2024, 01:16:30 PM

I thought this is a casino that uses Lightening Network and unknown to me that you are asking for casinos that uses Lightening Network for transaction. And from your first paragraph of the thread, people that uses Lightening Network are not much and in most cases because of the cumbersome nature of the network makes people not to frequently using it. If not it would have been a good network to be using because the transaction fee is low. But people are not using it like the other ones. And I didn't think casinos that are using Lightning Network will have many customers because of it nature of usage.

The more exchanges and wallets that have bitcoin lightning network, the more people will use it. I will like to be seeing bitcoin lightning network deposit and withdraw on most crypto gambling sites. There are some wallets and exchanges that have it already.

Agbe

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I thought this is a casino that uses Lightening Network and unknown to me that you are asking for casinos that uses Lightening Network for transaction. And from your first paragraph of the thread, people that uses Lightening Network are not much and in most cases because of the cumbersome nature of the network makes people not to frequently using it. If not it would have been a good network to be using because the transaction fee is low. But people are not using it like the other ones. And I didn't think casinos that are using Lightning Network will have many customers because of it nature of usage.

Hispo

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I don't know about you guys. But I have always gotten the impression there are fewer lightning network casinos out there because the lightning network could be less "secure" when comes to the integrity of the funds. I am not expert at it obviously, but it may have something to do with the opening and closure of channels.
Though, there also a good chance the lightning network is not as popular as it is supposed to be within the world of gambling due to the intervention of regulators and AML politcies. One does not need to read too much to realize transactions which are done though second layer solutions like this one do not leave a track to follow within the main Blockchain, so it would be easier for criminals to launder and conceal their fortunes. Though, that is not a completely flawless excuse not to implement LN, because anyone would still need to have a minimum wager on the deposit, before being able to withdraw.

betswift

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Hello!

Seems like you need to find just a casino where you can bet with BTC! There are various options on the market, so find the most suitable for you!

Solosanz

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Is that your own sites? I'm surprised why you list this 1x shitty casino in your sites, here's the list why 1xbet is a scammy casino 1xbit scam accusations. Scamming gamblers since 2017 (1xbet is a sister company of 1xbit).

Although anyone can down vote the casino that they don't like, it's better if scam site got excluded. At the same time I don't like the ranks based on vote, people just need to spend their money to get higher rank even though they might not deserve it, but I understand this way is a form of money making.

Coin_trader

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Quote from: Fivestar4everMVP on June 28, 2024, 08:35:10 AM

So, I personally support the expansion of the lightening network, big casinos like Stake should already have this future by now, I wonder what is keeping them from implementing it as the top crypto casino.

It’s due to less demand from this network. Also only few exchange supports this Bitcoin network since the majority choose Segwit network for their Bitcoin.

Lightning Network is indeed a good addition for Stake but they usually update based on what’s the player needed. Most of the gambler use altcoins with cheaper as an alternative with Bitcoin when transaction fee is high so the demand for LN is not that high die to these alternatives.

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Quote from: BitGoba on June 27, 2024, 02:40:23 PM

Can you recommend some other Bitcoin Lightning casinos

You can find some casinos that accept Bitcoin Lightning Network at this site
https://lightningnetworkstores.com/

https://www.lightningspin.com/
🏆 www.l0tt0.com ⚡

freedomgo

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Quote from: adaseb on June 28, 2024, 01:11:24 AM

Yeah I am surprised there are not more casinos which support the lightning network.

The Lightning Network (LN) was already introduced before and until now I can't see significant progress. In my opinion, I think even if casinos support the LN it would still depend on the gamblers themselves. I mean, as a gambler, personally, I don't want to approach gambling in a complicated way, and I think LN is just complicated for some as they can just easily use altcoins in order to save on fees and transactions are also almost instant for some altcoins.

But I can't blame OP, everyone has their own choice and I think the users above had already suggested some reputable casinos that supports LN.

avp2306

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This article suggest 6 casino use Bitcoin lightning network https://www.cryptolists.com/the-6-best-bitcoin-casinos-with-lightning-network-support/

Although I'm not familiar with majority of the casino listed on that article and there's only 2 well known in that list since they have Ann thread in this forum and also doing good for running their casino. I try to search for more but I guess there's only few casino use lightning network.

Maybe there will be a lot more people would suggest and its good that we will have a compilation of crypto casinos that has a lightning network feature.

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