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Topic: BLOCKCHAIN. The Future of Online Casinos? ✅ (Read 12193 times)
Blockchain is the present of casinos not future.
I think there are tons of people coming in from other casinos that runs with fiat currency and the more they learn about blockchain gambling the more they are staying and calling up friends to invite them over.
So, right now blockchain is literally the present and future of gambling since there is no better method, there are just people who have no idea how bitcoin (or any other crypto currency) is used so they are just playing on fiat casinos but as soon as they figure out how they can gamble on crypto casinos with provably fair and blockchain helps they are coming here and not leaving.
So, eventually more and more people will come here, there are plenty coming from fiat to crypto but none going crypto to fiat hence why we will only get bigger.
I think there are tons of people coming in from other casinos that runs with fiat currency and the more they learn about blockchain gambling the more they are staying and calling up friends to invite them over.
So, right now blockchain is literally the present and future of gambling since there is no better method, there are just people who have no idea how bitcoin (or any other crypto currency) is used so they are just playing on fiat casinos but as soon as they figure out how they can gamble on crypto casinos with provably fair and blockchain helps they are coming here and not leaving.
So, eventually more and more people will come here, there are plenty coming from fiat to crypto but none going crypto to fiat hence why we will only get bigger.
I do not understand so much hype around blockchain gambling, really
all it has got as the positives - pretty confident your roll hasn't been tampered with , but so almost any legit provably fair casino guarantees
other than that I can only name drawbacks and minuses : slow bet resolution , high bet cost ( as opposed to "free" in a standalone account based crypto casino )
you have to pay a tx fee EVERY time you bet and withdraw , so the house edge in reality is atrocious , you could pay 1-2% tx fee on top of the casino's house edge
lack of support if anything goes wrong , you say bye to the coins , whereas at a regular casino it could be corrected
talking about sending coins to the wrong address or sending litecoins to a bitcoin wallet etc.
Somehow like a decentralized casino? there's a decentralized exchange so I think it's possible to have that kind of gambling site. But I don't think that kind of idea will be bought by the people.
Just like the traders want for trading on centralized exchanges, there's more security on the centralized gambling sites although they provide and use the blockchain technology that we all wanted to see. And this kind of site would probably be like P2P betting? money of players vs. players.
Just like the traders want for trading on centralized exchanges, there's more security on the centralized gambling sites although they provide and use the blockchain technology that we all wanted to see. And this kind of site would probably be like P2P betting? money of players vs. players.
I don't know, it could be a good product for those who don't want a house. But then it will be hard to find these kind of people to stick around. The community will dissolve when later there ain't no one to play with inside the platform. Its going to be costly for the creator of the game as well for the monthly subscription of the servers. Maybe one day we'll see something like this that doesn't really need much to operate.
Renewal of license, servers and other stuffs that a website/casino which usually do.
Blockchain is the present of casinos not future.
I think there are tons of people coming in from other casinos that runs with fiat currency and the more they learn about blockchain gambling the more they are staying and calling up friends to invite them over.
So, right now blockchain is literally the present and future of gambling since there is no better method, there are just people who have no idea how bitcoin (or any other crypto currency) is used so they are just playing on fiat casinos but as soon as they figure out how they can gamble on crypto casinos with provably fair and blockchain helps they are coming here and not leaving.
So, eventually more and more people will come here, there are plenty coming from fiat to crypto but none going crypto to fiat hence why we will only get bigger.
I think there are tons of people coming in from other casinos that runs with fiat currency and the more they learn about blockchain gambling the more they are staying and calling up friends to invite them over.
So, right now blockchain is literally the present and future of gambling since there is no better method, there are just people who have no idea how bitcoin (or any other crypto currency) is used so they are just playing on fiat casinos but as soon as they figure out how they can gamble on crypto casinos with provably fair and blockchain helps they are coming here and not leaving.
So, eventually more and more people will come here, there are plenty coming from fiat to crypto but none going crypto to fiat hence why we will only get bigger.
Why on the earth can someone consider blockchain as the future of gambling while we can to create amazing things with it. I repeat frequently that countries need to implement it and develope in many ways. For example Georgia uses blockchain for land titling with the help and support of Bitfury. Our one member had greatest idea about blockchain and gold "collide" that could prevent making fake golds.
If we want crypto to become bigger than it is now, replacing things like fiat for gambling is a great place to start. There's great things being created every day with the help of the blockchain, but that doesn't mean more ordinary things like gambling can't be improved with the blockchain too.There are alot of people who enjoy gambling so this type of services are pretty cool. I totally agree that such stuff like gambling can also be improved with the blockchain for sure.
Seems like many people expect that only extraordinary things come together with blockchain. I don’t share the same opinion with them.
Blockchain is a new technological innovation that is currently being developed in the world. Including Facebook also uses this technology and several governments that support it. The Blockchain is currently known as the latest fintech but I think we can break that argument, that blockchain is more than fintech we know. Blockchain can run in all fields including gambling, games, etc. So it's not just financial.
Why on the earth can someone consider blockchain as the future of gambling while we can to create amazing things with it. I repeat frequently that countries need to implement it and develope in many ways. For example Georgia uses blockchain for land titling with the help and support of Bitfury. Our one member had greatest idea about blockchain and gold "collide" that could prevent making fake golds.
If we want crypto to become bigger than it is now, replacing things like fiat for gambling is a great place to start. There's great things being created every day with the help of the blockchain, but that doesn't mean more ordinary things like gambling can't be improved with the blockchain too.There are alot of people who enjoy gambling so this type of services are pretty cool. I totally agree that such stuff like gambling can also be improved with the blockchain for sure.
Seems like many people expect that only extraordinary things come together with blockchain. I don’t share the same opinion with them.
While the https://casinosblockchain.io/ site is definitely working and decent it only has a limited and selected number of casinos and one must be made aware of that. I hope that with time more and more sites are added making the platform into a fully comprehensive and reliable site that people can trust and use. Lets hope the development continues
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
That probably depends on their commitment to what they have started. If those casino's really can't make it as they just want to stop it because they can't cater any longer the pressure with the competition that they are meeting, it's best for them to close.As much as they use the technology, at least they've did their best to apply the technology and used it as part of complying to what the community demands for provably fair gambling.
I got the point. It doesn't matter if casinos scam like shutdown while the money of the gamblers are still there as long as they prove to be making this blockchain technology useful. Not to sound sarcastic there but I agree.
But would it be good to keep up after all they are casinos, we all know they don't allow players to win over them, they can even give rakebacks. Is it possible to create a gambling site owned by the community? Kind of a steemit that is owned by the community alone.
Just like the traders want for trading on centralized exchanges, there's more security on the centralized gambling sites although they provide and use the blockchain technology that we all wanted to see. And this kind of site would probably be like P2P betting? money of players vs. players.
I don't know, it could be a good product for those who don't want a house. But then it will be hard to find these kind of people to stick around. The community will dissolve when later there ain't no one to play with inside the platform. Its going to be costly for the creator of the game as well for the monthly subscription of the servers. Maybe one day we'll see something like this that doesn't really need much to operate.
i loved the website betcoin.ag , hope they will bring it back and yes blockchain is future for casinos
Yes that is the truth, Blockchain is the future of gambling. Nobody wants to play games in online casinos and wait for days to receive their payment, that’s very bad. Deposits will be fast, but when you want to withdraw the money they will start wasting your whole time. Although there are casinos that are still going to waste your time even with cryptocurrency as their payment method, those casinos are the ones that I try to avoid as much as possible. Cryptocurrency is meant for fast payment, so no casino should delay my withdrawals.
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
That probably depends on their commitment to what they have started. If those casino's really can't make it as they just want to stop it because they can't cater any longer the pressure with the competition that they are meeting, it's best for them to close.As much as they use the technology, at least they've did their best to apply the technology and used it as part of complying to what the community demands for provably fair gambling.
I got the point. It doesn't matter if casinos scam like shutdown while the money of the gamblers are still there as long as they prove to be making this blockchain technology useful. Not to sound sarcastic there but I agree.
But would it be good to keep up after all they are casinos, we all know they don't allow players to win over them, they can even give rakebacks. Is it possible to create a gambling site owned by the community? Kind of a steemit that is owned by the community alone.
Just like the traders want for trading on centralized exchanges, there's more security on the centralized gambling sites although they provide and use the blockchain technology that we all wanted to see. And this kind of site would probably be like P2P betting? money of players vs. players.
It is not about technology or its not about being able to build a good game at all, its about marketing. If there is no one playing on your casino then you can't make any money and it doesn't matter how great your casino is.
I can literally scrape up a casino in 10 days, literally the best looking casino with amazing features and great games just in 10 days, however I can't afford for a signature campaign, I can't afford to do bounties, I can't afford to pay google, basically I can't pay for anything in marketing and my company would barely survive enough to pay for the work put into it and domains/servers etc etc its based on. So, just having good coders and designers won't help you at all, you really need a big budget for the marketing.
I know this because at one time I purchased a casino, I owned basically all of it (had a partner) and if we could have spent like 10k on marketing then we were sure we could be big but we didn't had that money at all and so we sold it back to some other person with a slight loss just so we didn't had to deal with it, they took off and became big because they were capable of spending money on marketing.
I can literally scrape up a casino in 10 days, literally the best looking casino with amazing features and great games just in 10 days, however I can't afford for a signature campaign, I can't afford to do bounties, I can't afford to pay google, basically I can't pay for anything in marketing and my company would barely survive enough to pay for the work put into it and domains/servers etc etc its based on. So, just having good coders and designers won't help you at all, you really need a big budget for the marketing.
I know this because at one time I purchased a casino, I owned basically all of it (had a partner) and if we could have spent like 10k on marketing then we were sure we could be big but we didn't had that money at all and so we sold it back to some other person with a slight loss just so we didn't had to deal with it, they took off and became big because they were capable of spending money on marketing.
They are not talking about making money, they are into technology and transparency because of blockchain in casinos. OP dictates.
If its all for the marketing, why didn't you promote your own casino in the forum, it does look like you can do it yourself being part of a campaign for someone else casino is no different than promoting your own. It made me think Casinos aren't winning all the time.
It is not about technology or its not about being able to build a good game at all, its about marketing. If there is no one playing on your casino then you can't make any money and it doesn't matter how great your casino is.
I can literally scrape up a casino in 10 days, literally the best looking casino with amazing features and great games just in 10 days, however I can't afford for a signature campaign, I can't afford to do bounties, I can't afford to pay google, basically I can't pay for anything in marketing and my company would barely survive enough to pay for the work put into it and domains/servers etc etc its based on. So, just having good coders and designers won't help you at all, you really need a big budget for the marketing.
I know this because at one time I purchased a casino, I owned basically all of it (had a partner) and if we could have spent like 10k on marketing then we were sure we could be big but we didn't had that money at all and so we sold it back to some other person with a slight loss just so we didn't had to deal with it, they took off and became big because they were capable of spending money on marketing.
I can literally scrape up a casino in 10 days, literally the best looking casino with amazing features and great games just in 10 days, however I can't afford for a signature campaign, I can't afford to do bounties, I can't afford to pay google, basically I can't pay for anything in marketing and my company would barely survive enough to pay for the work put into it and domains/servers etc etc its based on. So, just having good coders and designers won't help you at all, you really need a big budget for the marketing.
I know this because at one time I purchased a casino, I owned basically all of it (had a partner) and if we could have spent like 10k on marketing then we were sure we could be big but we didn't had that money at all and so we sold it back to some other person with a slight loss just so we didn't had to deal with it, they took off and became big because they were capable of spending money on marketing.
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
That probably depends on their commitment to what they have started. If those casino's really can't make it as they just want to stop it because they can't cater any longer the pressure with the competition that they are meeting, it's best for them to close.As much as they use the technology, at least they've did their best to apply the technology and used it as part of complying to what the community demands for provably fair gambling.
I got the point. It doesn't matter if casinos scam like shutdown while the money of the gamblers are still there as long as they prove to be making this blockchain technology useful. Not to sound sarcastic there but I agree.
But would it be good to keep up after all they are casinos, we all know they don't allow players to win over them, they can even give rakebacks. Is it possible to create a gambling site owned by the community? Kind of a steemit that is owned by the community alone.
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
That probably depends on their commitment to what they have started. If those casino's really can't make it as they just want to stop it because they can't cater any longer the pressure with the competition that they are meeting, it's best for them to close.As much as they use the technology, at least they've did their best to apply the technology and used it as part of complying to what the community demands for provably fair gambling.
I think we are missing couple of points here. Blockchain makes sure you do not get scammed during the roll of the dice (or whatever game they use blockchain with) however that is still not stopping the casinos to get "hacked" and run with your money, you are still depositing and still withdrawing money from the casinos and as soon as a bad casino realizes they have enough money on their wallet and want to just keep all of it they can decide to not allow you to withdraw right away and then run with the money.
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
Just because games are fair doesn't automatically make the casinos fair as well, there have been dozens of casinos who gave us a proper provably fair gaming and I can guarantee you they were %100 legit on gambling part but then one day they just closed shop with everyone money still inside.
I think it's just more simple to create an online casino based on blockchain, cause it gives more opportunities for your users.
Yes, since it is simple to create a online gambling casino , many people are misusing it to create scam casino and run away with people money. Although it is a blessing to have online casino to play gambling but at the same time, i have seen a lot of people complaining about it as many sites owners develop online casino to get people money and also do not provide probably fair games.
However, if a player loves to drive cars without insurance, he should be prepared to pay the price if accident happens!
I think it's just more simple to create an online casino based on blockchain, cause it gives more opportunities for your users.
That is why we are seeing must of online gambling sites adopting blockchain. It is cheap to gamble through blockchain than fiat and we have many opportunities to make money or lose money in blockchain gambling than the traditional one we are used to. 
Lol, it's not all of them that are offering instant withdrawal , trust me, and there are even those of them that will require you to fill out every single information of your life just to register as a member and they still claim to be a blockchain casino, I don't know why a casino will be accepting Bitcoin and still be asking for all those information like they are doing a KYC. I always avoid casinos like that ,cause they are likely up to something . A blockchain casino should only require just your email and password to sign up.
It should depend on the law of the country the casino is based in.
If they wouldn't abide by their local laws, they would be chased by their government for assisting in money laundering.
Lol, it's not all of them that are offering instant withdrawal , trust me, and there are even those of them that will require you to fill out every single information of your life just to register as a member and they still claim to be a blockchain casino, I don't know why a casino will be accepting Bitcoin and still be asking for all those information like they are doing a KYC. I always avoid casinos like that ,cause they are likely up to something . A blockchain casino should only require just your email and password to sign up.
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