BLOCKCHAIN. The Future of Online Casinos? ✅ - page 3.

_Django05_

sr. member

Activity: 403

Merit: 257

Quote from: patras on May 23, 2018, 07:37:38 AM

Almost-instant deposit and withdrawal times, smaller fees, and fully transparency have made blockchain ideal for gambling!

The online gambling is one of the most promising industries. However, gamblers are subjects to several issues such that regional-restrictions, time, manipulation and even hack. On the other hand, gambling websites are also under the threat of fraud, hacks and huge monetary transaction fees due to third-parties. Nevertheless, blockchain technology has great potential to revolutionize the gambling industry.

romero121

legendary

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casinosblockchain.io

Blockchain is no more an exception to the gambling industry, these days everything is getting moved towards the blockchain technology. Decentralization hasn't been effective on gambling industry, now focus is upon development of decentralized exchanges. Smart contract related development is found much on gambling sites. Probably future of gambling websites will be through blockchain for effective and efficient functioning of gambling.

nauane

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Merit: 101

Quote from: TimeTeller on May 01, 2019, 06:23:23 PM

Quote from: omonuyak on May 01, 2019, 05:33:06 PM

Quote from: beerlover on May 01, 2019, 02:21:39 PM

I think the house always wins is an understatement because casinos are not marketing themselves like go play until you lose or go do something silly but they are literally just saying "why don't you try to win some?" like come at me type of encouragement, they are literally saying "come try winning, you can't" and people love that and go actually lose money like the marketing literally says.

I am not even joking think about it what does casinos do for promotion? They give bonuses, like you put in 100 dollars they give you 100 more for free, fully knowing you will lose 200 total and give you more time to stay there and enjoy your loss. Its really not some sort of exaggeration by me, its literally casinos saying "you can't win" to our faces and we still manage to have fun with it Cheesy

.

Some gambling and casino sites do really put there warning on how risky the market is and why you may lose all your capitals playing casino. I think it is greed that pull people into gambling and not the marketing by the house.

Greed is a human nature that we can't detach from ourselves.
Gambling casinos are giving their warnings about the risk involved but the truth is they want gamblers to stay on their site as long as they can.
But at least, they are reminding those gamblers about what they are about to face. Wink

It is up to the gambler how responsible he will be on his decisions.
No one else will stop him from spending those money.

Going back to the topic. I believe that blockchain technology will really change many things on how online casinos operate.
The fairness, transparency are just few of them. Aside from the fast transactions that the gamblers can enjoy for themselves.

This has been numerous times that gamblers should be mentally strong so that they do not be emotional or addicted to the gambling. This habits can only be adopted by the individual and technology has nothing to do with it. The games may become better, house edges may fall lower and blockchain may introduce many new features, yet the human nature of being greedy will remain the same which is the main cause of losing in gambling.

MakeMoneyBtc

full member

Activity: 1092

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It's good to see that this website is still up and running even though the OP has not been online here since last year. I can see there are new courses and reviews added every month and I think this is helping a lot of people to learn more about bitcoin gambling and blockchain technology because that's the real future we are going to see.

Yarex

member

Activity: 378

Merit: 11

Quote from: coinplus on May 02, 2019, 02:07:21 PM

I doubt any artificial intelligence system could beat any casino neither because its literally a simple win or lose scenario and the house edge keeps the gambler from winning, hence this is not like dota where you can teach the artificial intelligence to play and learn and beat them by luck, you have to really just try your best to not lose all your money and that is it.

AI is something that is basically equal to "machine learning" at this stage and not something that can think for itself, it just learns and not thinks, that is why gambling is not really an option. Of course it can play a billion hands of poker and learn how poker is played but it is definitely not going to be great against any game with house edge at all, it needs to be something that has humans on the other side and not another machine.

Developers want to bring their artificial intelligence to the stage where it will not yield to human intelligence in many areas of activity. In order to participate in gambling - there is no difficulty. And it is quite possible to train artificial intelligence.

daarul50

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Quote from: el kaka22 on May 03, 2019, 03:49:10 PM

The ease of building crypto casinos do help with the future of all online games as well. People are having trouble depositing and withdrawing from gambling places all the time in fiat world and because of the laws and banks and all other problems they have to really work hard to put their money in games and take the money out since it would create insane amount of legal problems, whereas you can start a crypto casino today, I am not kidding there are scripts everywhere and that place would allow you to play any game you wish and all gamblers would have to do is send their money to a bitcoin exchange and than if they win more withdraw their bitcoin in fiat form from that exchange.

It is just simply impossible for bitcoin gambling not take over all of online gambling one day.

This convenience is felt to me who lives in a country that prohibits all forms of gambling. Before the blockchain in gambling, I had difficulty to withdraw or deposit into gambling sites but with bitcoin, these two things could be done easily without having to clash with the laws in force in my country regarding gambling.

el kaka22

legendary

Activity: 3654

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www.Crypto.Games: Multiple coins, multiple games

The ease of building crypto casinos do help with the future of all online games as well. People are having trouble depositing and withdrawing from gambling places all the time in fiat world and because of the laws and banks and all other problems they have to really work hard to put their money in games and take the money out since it would create insane amount of legal problems, whereas you can start a crypto casino today, I am not kidding there are scripts everywhere and that place would allow you to play any game you wish and all gamblers would have to do is send their money to a bitcoin exchange and than if they win more withdraw their bitcoin in fiat form from that exchange.

It is just simply impossible for bitcoin gambling not take over all of online gambling one day.

coinplus

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Activity: 1386

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Quote from: daarul50 on April 25, 2019, 03:15:28 PM

Quote from: Yarex on April 17, 2019, 07:10:22 PM

Quote from: LUCKMCFLY on April 17, 2019, 01:28:49 PM

I have a question, are they based on the Provably Fair or do they simply use some kind of Artificial Intelligence technology that is currently being developed for the games? I say this because I want to know what method they use on the site, since many friends have told me they prefer artificial intelligence systems, because they are more likely to win in the game.

Artificial intelligence systems have long been on many sites including gambling. However, it should be remembered that the percentage of winning is set for the sites with games and it never decreases. This is strictly followed by a special authority that issues the game certificate of the site.

So true. Although artificial intelligence has been widely applied at various gambling sites the percentage of victory is not arbitrary because there is a special organization to regulate the percentage of winnings and gambling sites must follow these rules because otherwise the site might be considered illegal gambling. If this is violated maybe the gamblers will not believe the site.

I doubt any artificial intelligence system could beat any casino neither because its literally a simple win or lose scenario and the house edge keeps the gambler from winning, hence this is not like dota where you can teach the artificial intelligence to play and learn and beat them by luck, you have to really just try your best to not lose all your money and that is it.

AI is something that is basically equal to "machine learning" at this stage and not something that can think for itself, it just learns and not thinks, that is why gambling is not really an option. Of course it can play a billion hands of poker and learn how poker is played but it is definitely not going to be great against any game with house edge at all, it needs to be something that has humans on the other side and not another machine.

Yarex

member

Activity: 378

Merit: 11

Quote from: daarul50 on April 25, 2019, 03:15:28 PM

Quote from: Yarex on April 17, 2019, 07:10:22 PM

Quote from: LUCKMCFLY on April 17, 2019, 01:28:49 PM

I have a question, are they based on the Provably Fair or do they simply use some kind of Artificial Intelligence technology that is currently being developed for the games? I say this because I want to know what method they use on the site, since many friends have told me they prefer artificial intelligence systems, because they are more likely to win in the game.

Artificial intelligence systems have long been on many sites including gambling. However, it should be remembered that the percentage of winning is set for the sites with games and it never decreases. This is strictly followed by a special authority that issues the game certificate of the site.

So true. Although artificial intelligence has been widely applied at various gambling sites the percentage of victory is not arbitrary because there is a special organization to regulate the percentage of winnings and gambling sites must follow these rules because otherwise the site might be considered illegal gambling. If this is violated maybe the gamblers will not believe the site.

Of course. At first, I even spent a lot of time studying all certification organizations and understood the principle of their operation. Many of them are located in the jurisdiction of the island of Curacao, whose authorities monitor their reputation. Therefore, their checks gambling sites can be trusted.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: omonuyak on May 01, 2019, 05:33:06 PM

Quote from: beerlover on May 01, 2019, 02:21:39 PM

I think the house always wins is an understatement because casinos are not marketing themselves like go play until you lose or go do something silly but they are literally just saying "why don't you try to win some?" like come at me type of encouragement, they are literally saying "come try winning, you can't" and people love that and go actually lose money like the marketing literally says.

I am not even joking think about it what does casinos do for promotion? They give bonuses, like you put in 100 dollars they give you 100 more for free, fully knowing you will lose 200 total and give you more time to stay there and enjoy your loss. Its really not some sort of exaggeration by me, its literally casinos saying "you can't win" to our faces and we still manage to have fun with it Cheesy

.

Some gambling and casino sites do really put there warning on how risky the market is and why you may lose all your capitals playing casino. I think it is greed that pull people into gambling and not the marketing by the house.

Greed is a human nature that we can't detach from ourselves.
Gambling casinos are giving their warnings about the risk involved but the truth is they want gamblers to stay on their site as long as they can.
But at least, they are reminding those gamblers about what they are about to face. Wink

It is up to the gambler how responsible he will be on his decisions.
No one else will stop him from spending those money.

Going back to the topic. I believe that blockchain technology will really change many things on how online casinos operate.
The fairness, transparency are just few of them. Aside from the fast transactions that the gamblers can enjoy for themselves.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: beerlover on May 01, 2019, 02:21:39 PM

I think the house always wins is an understatement because casinos are not marketing themselves like go play until you lose or go do something silly but they are literally just saying "why don't you try to win some?" like come at me type of encouragement, they are literally saying "come try winning, you can't" and people love that and go actually lose money like the marketing literally says.

I am not even joking think about it what does casinos do for promotion? They give bonuses, like you put in 100 dollars they give you 100 more for free, fully knowing you will lose 200 total and give you more time to stay there and enjoy your loss. Its really not some sort of exaggeration by me, its literally casinos saying "you can't win" to our faces and we still manage to have fun with it Cheesy

.

Some gambling and casino sites do really put there warning on how risky the market is and why you may lose all your capitals playing casino. I think it is greed that pull people into gambling and not the marketing by the house.

daarul50

legendary

Activity: 1596

Merit: 1034

Quote from: beerlover on May 01, 2019, 02:21:39 PM

I think the house always wins is an understatement because casinos are not marketing themselves like go play until you lose or go do something silly but they are literally just saying "why don't you try to win some?" like come at me type of encouragement, they are literally saying "come try winning, you can't" and people love that and go actually lose money like the marketing literally says.

I am not even joking think about it what does casinos do for promotion? They give bonuses, like you put in 100 dollars they give you 100 more for free, fully knowing you will lose 200 total and give you more time to stay there and enjoy your loss. Its really not some sort of exaggeration by me, its literally casinos saying "you can't win" to our faces and we still manage to have fun with it Cheesy

.

If you think carefully your words have a point. Casinos never market their games but they only invite people to try to play with the lure of some bonuses when someone wins one of the games and that makes a lot of people curious to try to follow the game. They just smile seeing us get a loss.

beerlover

legendary

Activity: 2996

Merit: 1188

I think the house always wins is an understatement because casinos are not marketing themselves like go play until you lose or go do something silly but they are literally just saying "why don't you try to win some?" like come at me type of encouragement, they are literally saying "come try winning, you can't" and people love that and go actually lose money like the marketing literally says.

I am not even joking think about it what does casinos do for promotion? They give bonuses, like you put in 100 dollars they give you 100 more for free, fully knowing you will lose 200 total and give you more time to stay there and enjoy your loss. Its really not some sort of exaggeration by me, its literally casinos saying "you can't win" to our faces and we still manage to have fun with it Cheesy

.

Onanana

newbie

Activity: 168

Merit: 0

Quote from: UmerIdrees on April 26, 2019, 02:18:16 AM

Quote from: LUCKMCFLY on April 17, 2019, 01:28:49 PM

I have a question, are they based on the Provably Fair or do they simply use some kind of Artificial Intelligence technology that is currently being developed for the games? I say this because I want to know what method they use on the site, since many friends have told me they prefer artificial intelligence systems, because they are more likely to win in the game.

No matter which technology you use for Gambling, the Gambling site has always the edge against the players who are playing it. For this reason we see the most games are being lost by the gamblers, and that is the another reason we see new gambling casino sites coming up in large numbers as this is very profitable business too.

Although there is an edge for players playing on online casino their security technology must be in the first level of priorities. There are also lots of casino who has a lot of favors on their player by giving huge bonuses amount like VegasCasino up to 200% of initial deposit are being rewarded aside from welcome bonuses with a highly security features running on their system. Most of people says that "House always wins" but i guess that has differentiations like the rate and number of players. No wonder online casino will be a popular business but maintaining such a great standard like VegasCasino or Bitsler or Stake is not that easy to surpass.

okala

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Quote from: Onanana on April 29, 2019, 11:09:56 AM

Quote from: UmerIdrees on April 26, 2019, 02:18:16 AM

Quote from: LUCKMCFLY on April 17, 2019, 01:28:49 PM

I have a question, are they based on the Provably Fair or do they simply use some kind of Artificial Intelligence technology that is currently being developed for the games? I say this because I want to know what method they use on the site, since many friends have told me they prefer artificial intelligence systems, because they are more likely to win in the game.

No matter which technology you use for Gambling, the Gambling site has always the edge against the players who are playing it. For this reason we see the most games are being lost by the gamblers, and that is the another reason we see new gambling casino sites coming up in large numbers as this is very profitable business too.

Although there is an edge for players playing on online casino their security technology must be in the first level of priorities. There are also lots of casino who has a lot of favors on their player by giving huge bonuses amount like VegasCasino up to 200% of initial deposit are being rewarded aside from welcome bonuses with a highly security features running on their system. Most of people says that "House always wins" but i guess that has differentiations like the rate and number of players. No wonder online casino will be a popular business but maintaining such a great standard like VegasCasino or Bitsler or Stake is not that easy to surpass.

The deposits bonus are ways gambling site's base on the blockchain promote the use of online casino to the traditional casinos with they up-to-date technology of instant deposits and withdraw which allow full privacy and security of the player's and and the blockchain have made this possible.

Kevin77

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Blockchain could be enhanced the way you want, after all blockchain is something people work on everyday and try to improve it, not only with new coins with new blockchains that offer something new to the public but the blockchains that exists also improves themselves by new codes everyday, cardano for example has been a big example of this where the developers have been improving it every single day.

So blockchain for gambling won't stop here, we are going to see blockchains purely based on gambling and there will be one that allows people to actually use only one blockchain with any coin they want but the casino will be based on that, think of eos for example or tron where people created casino dapps but they can be used for other stuff as well whereas much better blockchain purely for crypto gambling could take that one step further.

BTCevo

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Quote from: el kaka22 on April 27, 2019, 03:16:20 AM

Yeah, the house edge is what makes casinos profitable all the time, I have seen casinos that lost over 2000 bitcoin all at once because of a technological mistake (primedice lost it early on when they had a hacking attempt on seed results and never got the money back) but they still managed to continue operating and managed to pay everyone their money on their request to withdraw.

As long as you build a fair game and run it like a proper legit business all casinos are profitable all the time, you just have to do it like a normal business and not do scammy shady stuff which also profits if you scam people but only once and you will be gone whereas the legit ones continue to make money even today. House edge is the reason why they are that much profitable.

You can compare primedice to any other site because their site is really extraordinary which suffer so many hard way and yet still stand strong and get to make some comeback again Grin

. Anyway like you said before house edge is everything towards the site because it plays so much roles on gambling site and one more thing that I can add is bankroll, because without a good bankroll your site will never develop. So overall blockchain tech will always dominate any market, not just a gambling path

omonuyak

sr. member

Activity: 882

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Quote from: Anthony Wolf on April 15, 2019, 10:05:37 AM

Take a look at Tron apps. The only popular ones are dices, casino etc, no other usage at all or very few txs.

That means online casinos have seeing something good in tron and that is why there are making used of it.

el kaka22

legendary

Activity: 3654

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www.Crypto.Games: Multiple coins, multiple games

Yeah, the house edge is what makes casinos profitable all the time, I have seen casinos that lost over 2000 bitcoin all at once because of a technological mistake (primedice lost it early on when they had a hacking attempt on seed results and never got the money back) but they still managed to continue operating and managed to pay everyone their money on their request to withdraw.

As long as you build a fair game and run it like a proper legit business all casinos are profitable all the time, you just have to do it like a normal business and not do scammy shady stuff which also profits if you scam people but only once and you will be gone whereas the legit ones continue to make money even today. House edge is the reason why they are that much profitable.

UmerIdrees

hero member

Activity: 2366

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Quote from: LUCKMCFLY on April 17, 2019, 01:28:49 PM

I have a question, are they based on the Provably Fair or do they simply use some kind of Artificial Intelligence technology that is currently being developed for the games? I say this because I want to know what method they use on the site, since many friends have told me they prefer artificial intelligence systems, because they are more likely to win in the game.

No matter which technology you use for Gambling, the Gambling site has always the edge against the players who are playing it. For this reason we see the most games are being lost by the gamblers, and that is the another reason we see new gambling casino sites coming up in large numbers as this is very profitable business too.

Topic: BLOCKCHAIN. The Future of Online Casinos? ✅ - page 3. (Read 12193 times)