Cryptocurrency In The Gambling Industry: All You Need To Know About Bitcoin

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Quote from: ethereumhunter on July 17, 2019, 08:23:47 AM

Quote from: jvdp on July 16, 2019, 01:03:52 PM

Quote from: ?? on ??

Quote from: Lawrenzoo on July 15, 2019, 03:39:15 PM

I am not sure if every game played is truly anonymous as we think.

As long as you can use a VPN for the connecting to the gambling website, I guess you are anonymous. Besides that, you can choose the gambling site which doesn't require KYC so your identity can be safe and you don't send into any gambling website. But be careful because you still need to control your money and don't lose too much money.

actually decentralized exchanges and gambling side never used to monitor you for any reasons maybe you IP address mind with tracking. You just need to choose the best gambling site which does not require KYC information to start gambling.

why you want to choose the gambling site without KYC information then obviously you are anonymous I don't need to worry about them.

Yes, but the problem some of the internet providers will block the connection from us to them because they don't want their IP connection with the gambling website. That is why some of us decide to use VPN to connect to the gambling site.

I always choose the gambling site without KYC because I don't want to send any document to them. With the VPN access, I can visit in all website without having to experience blocking the website.

If in a particular country there are bans on gambling, then the VPN can really fool with access to blocked resources. But it seems to me that anonymity has nothing to do with it. Or maybe I do not understand the topic of conversation. Now, if a player is required to submit his personal documents, this is another matter. But I respect this condition if it comes to withdrawing large amounts of money.

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Quote from: jvdp on July 16, 2019, 01:03:52 PM

Quote from: ?? on ??

Quote from: Lawrenzoo on July 15, 2019, 03:39:15 PM

I am not sure if every game played is truly anonymous as we think.

As long as you can use a VPN for the connecting to the gambling website, I guess you are anonymous. Besides that, you can choose the gambling site which doesn't require KYC so your identity can be safe and you don't send into any gambling website. But be careful because you still need to control your money and don't lose too much money.

actually decentralized exchanges and gambling side never used to monitor you for any reasons maybe you IP address mind with tracking. You just need to choose the best gambling site which does not require KYC information to start gambling.

why you want to choose the gambling site without KYC information then obviously you are anonymous I don't need to worry about them.

Yes, but the problem some of the internet providers will block the connection from us to them because they don't want their IP connection with the gambling website. That is why some of us decide to use VPN to connect to the gambling site.

I always choose the gambling site without KYC because I don't want to send any document to them. With the VPN access, I can visit in all website without having to experience blocking the website.

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Quote from: ?? on ??

Quote from: Lawrenzoo on July 15, 2019, 03:39:15 PM

I am not sure if every game played is truly anonymous as we think.

As long as you can use a VPN for the connecting to the gambling website, I guess you are anonymous. Besides that, you can choose the gambling site which doesn't require KYC so your identity can be safe and you don't send into any gambling website. But be careful because you still need to control your money and don't lose too much money.

actually decentralized exchanges and gambling side never used to monitor you for any reasons maybe you IP address mind with tracking. You just need to choose the best gambling site which does not require KYC information to start gambling.

why you want to choose the gambling site without KYC information then obviously you are anonymous I don't need to worry about them.

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Quote from: janggernaut on July 16, 2019, 06:53:47 AM

Quote from: JohnBitCo on July 14, 2019, 06:47:40 AM

I do not get this. The OP article is being copied ? If that is case then he must know that Copy pasting is not allowed here and he can face a ban.

Apart from this, Bitcoin has given a big boost to many industry and gambling is one of the most benefited industry by crypto currency.

It seems he copied from the link which he mentioned in the end of his post on OP, so you can check it too. Fortunatelly because of that he will not get a ban.

Quote from: proTECH77 on July 16, 2019, 06:32:31 AM

Bitcoin is the most safes among other gambling coins even including the fiat or traditional system.

How can bitcoin will be the safest among fiat or traditional gambling? We all know if in bitcoin born to be anonymously, which is not safe for the site (They don't know who are betting on their site and just processed their deposit or withdrawal without knowing about them)

For me anonymity of bitcoin is the best thing and if we are getting it with gambling then it is best thing. Getting bitcoin with gambling is great opportunity there are so many sites even at my place that provides bitcoin betting and gambling opportunities so I would love to gamble for bitcoin if ever had a chance.

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Quote from: kotajikikox on June 09, 2019, 08:56:45 PM

Yes when you are in cryptocurrency and you know to use bitcoin you can easily access online gambling here bitcoin talk forum.
No need to go outside and play for gambling just stay athome using bitcoin now can play gambling.
playing just for fun,enjoy and can earn such a big money.

I just hope you just summarized the whole article for hs to easily read it. Anyway, it is why it is convenient for us to transact using cryptocurrencies in different websites like gambling, forum, trading websites and apps, etc. Crypto currencies are being popular nowadays. Gambling sites or apps are now offering different coins to play with and that may be a good thing to make more gambler to patronize cryptocurrencies.

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Quote from: janggernaut on July 16, 2019, 06:53:47 AM

Quote from: JohnBitCo on July 14, 2019, 06:47:40 AM

I do not get this. The OP article is being copied ? If that is case then he must know that Copy pasting is not allowed here and he can face a ban.

Apart from this, Bitcoin has given a big boost to many industry and gambling is one of the most benefited industry by crypto currency.

It seems he copied from the link which he mentioned in the end of his post on OP, so you can check it too. Fortunatelly because of that he will not get a ban.

Quote from: proTECH77 on July 16, 2019, 06:32:31 AM

Bitcoin is the most safes among other gambling coins even including the fiat or traditional system.

How can bitcoin will be the safest among fiat or traditional gambling? We all know if in bitcoin born to be anonymously, which is not safe for the site (They don't know who are betting on their site and just processed their deposit or withdrawal without knowing about them)

But this is other way could be a blessing for the casinos as well. Due to the arrival of cryptocurrencies which hide your identity while you gamble over a casino, a large number of people have started gambling online now unlike before due to fear of getting their id disclosed and hence getting charged with income tax as a result of a rise in income due to a win in the gambling.

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Quote from: Lawrenzoo on July 15, 2019, 03:39:15 PM

Quote from: bitgolden on July 15, 2019, 08:37:07 AM

~snip

I am not sure if every game played is truly anonymous as we think.

Well, this is why people prefer to have their gambling game on a fully decentralized application and site that also uses privacy coin, that is the only guarantee that they can have they are actually working through an anonymous system. When it comes to blockchain, majority of people only respect that name but does not really know how the operation looks like, and so long a website declared itself to be operating on blockchain technology, people therefore also believe that it is a blockchain system.

We have few gambling sites that are truly operating on decentralized system and those gambling sites are what we should pick interest in the most because they are the one that can truly protect your identity when you are operating through them.

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Quote from: o48o on July 15, 2019, 09:13:29 AM

Quote from: The Cryptovator on June 05, 2019, 11:51:11 AM

Looks OP took lot of efforts to write this thread. There is lot of reason why gambler like to use crypto currency as a payment of gambling website. The main reason is anonymity, easy and fast transactions. Even gambling legal on few countries but you need to pay TAX. If you use crypto currency like bitcoin then you can save TAX as well. That's the main issue about crypto-currency uses on gambling site in my opinion.

If you are not using privacy oriented coins i think that you are meaning that you can play pseudonymously rather then anonymously.
And saving taxes doesn't apply in where i live where you have to pay taxes from profits in crypto.
But as right now, our government doesn't track profits too heavily and i am rather enjoying this golden age without a kyc and getting as many bitcoins as i can before our laws get tighten on this.

And I think this issue varies from place to place and from one jurisdiction to another. There are people who do not pay taxes and in countries like Dubai, where you do not have to pay taxes, it would not be a problem to use kyc in gambling. They just do not care about their id unlike in countries where by law, you have to be a filer and making more money in crypto would mean more taxes.

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Quote from: JohnBitCo on July 14, 2019, 06:47:40 AM

I do not get this. The OP article is being copied ? If that is case then he must know that Copy pasting is not allowed here and he can face a ban.

Apart from this, Bitcoin has given a big boost to many industry and gambling is one of the most benefited industry by crypto currency.

It seems he copied from the link which he mentioned in the end of his post on OP, so you can check it too. Fortunatelly because of that he will not get a ban.

Quote from: proTECH77 on July 16, 2019, 06:32:31 AM

Bitcoin is the most safes among other gambling coins even including the fiat or traditional system.

How can bitcoin will be the safest among fiat or traditional gambling? We all know if in bitcoin born to be anonymously, which is not safe for the site (They don't know who are betting on their site and just processed their deposit or withdrawal without knowing about them)

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Quote from: o48o on July 16, 2019, 05:47:09 AM

Quote from: swogerino on July 16, 2019, 04:26:51 AM

Not all of the people are tech savvy so they may be using bitcoin only to gamble and not venture deep down in anonymous coins like Monero.Still compared to traditional Fiat gambling where you cannot withdraw without Kyc in most of bitcoin casinos you are allowed to withdraw a certain limit of money every time without any Kyc and this is the biggest benefit of playing with bitcoins.

Yeah, you can do that but i was talking about the difference of anonymity and pseudonymity. And if you want to cash it out in fiat and are not trading it otc, you most likely need a kyc in that point. That's what i meant.

Agree with your opinion, more reason why we need cryptocurrency in the gambling industry. Keeping a gambler identity should be the most Paramount as cryptocurrency is concern in this industry. Bitcoin is the most safes among other gambling coins even including the fiat or traditional system.

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Quote from: swogerino on July 16, 2019, 04:26:51 AM

Not all of the people are tech savvy so they may be using bitcoin only to gamble and not venture deep down in anonymous coins like Monero.Still compared to traditional Fiat gambling where you cannot withdraw without Kyc in most of bitcoin casinos you are allowed to withdraw a certain limit of money every time without any Kyc and this is the biggest benefit of playing with bitcoins.

Yeah, you can do that but i was talking about the difference of anonymity and pseudonymity. And if you want to cash it out in fiat and are not trading it otc, you most likely need a kyc in that point. That's what i meant.

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Quote from: o48o on July 15, 2019, 09:13:29 AM

Quote from: The Cryptovator on June 05, 2019, 11:51:11 AM

Looks OP took lot of efforts to write this thread. There is lot of reason why gambler like to use crypto currency as a payment of gambling website. The main reason is anonymity, easy and fast transactions. Even gambling legal on few countries but you need to pay TAX. If you use crypto currency like bitcoin then you can save TAX as well. That's the main issue about crypto-currency uses on gambling site in my opinion.

If you are not using privacy oriented coins i think that you are meaning that you can play pseudonymously rather then anonymously.
And saving taxes doesn't apply in where i live where you have to pay taxes from profits in crypto.
But as right now, our government doesn't track profits too heavily and i am rather enjoying this golden age without a kyc and getting as many bitcoins as i can before our laws get tighten on this.

Not all of the people are tech savvy so they may be using bitcoin only to gamble and not venture deep down in anonymous coins like Monero.Still compared to traditional Fiat gambling where you cannot withdraw without Kyc in most of bitcoin casinos you are allowed to withdraw a certain limit of money every time without any Kyc and this is the biggest benefit of playing with bitcoins.

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Quote from: bitgolden on July 15, 2019, 08:37:07 AM

Quote from: omonuyak on July 09, 2019, 12:15:33 PM

Quote from: Rufsilf on July 05, 2019, 05:41:08 AM

Very well, those are good insights you have there though it is a very long topic and I believe not all would take time to read it. Anyways, indeed gambling in cryptocurrencies is becoming more and more popular to gamblers due to multiple reasons, one is anonymity, gamblers wanted to gamble anonymously, another is it is safer and secure when you gamble cryptocurrency its because of blockchain being unhackable and most importantly transactions don’t take so much time to process.

Bitcoin has really help in rebuilding gamblers confidence in gambling especially those that like Anonymous online. People like to hide their identity when playing gambling and bitcoin enable that. You can be gambling with your father and sibling without know through bitcoin and other coins and i believe that is the major reason people are flow into gambling industry now.

This is the best gift of all time that bitcoin has been able to deliver to every gambler. It was the desire of every known gambler to play anonymously, no wonder w, we can hardly see people troop into offline casino centers like it used to be, I am truly happy about crypto gambling and I believe every gambler is.

It reminds me of an experience I had years back before crypto gambling, where I lost all my money and I felt ashamed of myself. Going home was a problem and staying back to replay Was even a bigger problem but I had to bear the shame to leave and I wished everyone around wasn’t there to see me. But today I play in my house, no one knows when I win or lose and its truly a great experience.

I am not sure if every game played is truly anonymous as we think.

o48o

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Quote from: The Cryptovator on June 05, 2019, 11:51:11 AM

Looks OP took lot of efforts to write this thread. There is lot of reason why gambler like to use crypto currency as a payment of gambling website. The main reason is anonymity, easy and fast transactions. Even gambling legal on few countries but you need to pay TAX. If you use crypto currency like bitcoin then you can save TAX as well. That's the main issue about crypto-currency uses on gambling site in my opinion.

If you are not using privacy oriented coins i think that you are meaning that you can play pseudonymously rather then anonymously.
And saving taxes doesn't apply in where i live where you have to pay taxes from profits in crypto.
But as right now, our government doesn't track profits too heavily and i am rather enjoying this golden age without a kyc and getting as many bitcoins as i can before our laws get tighten on this.

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Quote from: omonuyak on July 09, 2019, 12:15:33 PM

Quote from: Rufsilf on July 05, 2019, 05:41:08 AM

Very well, those are good insights you have there though it is a very long topic and I believe not all would take time to read it. Anyways, indeed gambling in cryptocurrencies is becoming more and more popular to gamblers due to multiple reasons, one is anonymity, gamblers wanted to gamble anonymously, another is it is safer and secure when you gamble cryptocurrency its because of blockchain being unhackable and most importantly transactions don’t take so much time to process.

Bitcoin has really help in rebuilding gamblers confidence in gambling especially those that like Anonymous online. People like to hide their identity when playing gambling and bitcoin enable that. You can be gambling with your father and sibling without know through bitcoin and other coins and i believe that is the major reason people are flow into gambling industry now.

This is the best gift of all time that bitcoin has been able to deliver to every gambler. It was the desire of every known gambler to play anonymously, no wonder w, we can hardly see people troop into offline casino centers like it used to be, I am truly happy about crypto gambling and I believe every gambler is.

It reminds me of an experience I had years back before crypto gambling, where I lost all my money and I felt ashamed of myself. Going home was a problem and staying back to replay Was even a bigger problem but I had to bear the shame to leave and I wished everyone around wasn’t there to see me. But today I play in my house, no one knows when I win or lose and its truly a great experience.

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This pretty much a sum it all about Bitcoin in different stages of industries and life.

The biggest threat to everything is precisely the security ones, breaches tend to hurt a business substantially. Both in credibility and also the funds of customers, if the board gets too greedy it will only make their businesses vulnerable to those kind of things.

About everything else, this is precisely why Bitcoin is so awesome. It can be implemented inside different types of platforms pretty easily in comparison to how a technology like this should be.

It's really interesting and fascinating that the tech industry is about solving problems/problem solving. That mindset can help develop solutions to do the same thing worldwide.

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I always agree that cryptocurrencies is safer when it comes to gambling and more secure because everything is tracked on the blockchain and you can see it in history of sites and some gambling site has aunthenticator to secure the accout of players.

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Quote from: robelneo on July 10, 2019, 06:27:17 AM

Quote from: ?? on ??

Quote from: jake zyrus on July 08, 2019, 10:55:11 PM

I thought it was the op's thought. You just copy the text from the link you gave. You should've rephrased or cut it short, or add your opinion and overall conclusion about the post. It's better if you give your insight about it but regardless of that, this is also good and can help newbie to know or to further understand cryptocurrency and gambling.

Is it true, it is copy paste? if it is then you should give the link, as a proof, because i am impressed with him because he write a lot of about bitcoin or crypto currency wise online gambling is getting popular.
Otherwise everyone know about it that bitcoin and crypto currency make a way where everyone could play smoothly on online gambling.

This thread has so many copies in the internet this is one of them http://realcryptonews.com/cryptocurrency-in-the-gambling-industry-all-you-need-to-know-about-bitcoin-poker/ but anyway it's a good article Cryptocurrency gambling is an industry where Cryptocurrency can dominate in the long run and this is one of the factors, why we will have fast adoption rate.

I do not get this. The OP article is being copied ? If that is case then he must know that Copy pasting is not allowed here and he can face a ban.

Apart from this, Bitcoin has given a big boost to many industry and gambling is one of the most benefited industry by crypto currency.

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Quote from: FanEagle on July 12, 2019, 10:56:56 AM

Quote from: maydna on July 08, 2019, 10:37:42 PM

Crypto gambling now become popular since many people are interested to try to use online/crypto gambling. Crypto gambling gives an easy way to place the bets because they don't have to go to the gambling places and they can stay at their home while they can place the bets. Besides that, they can prevent themselves from the robbery that might happen if they walk away with the money to their home. They can feel safe to withdraw the money in their home and they can receive the money without any trouble at all.

You have successfully outlined all the good sides of crypto gambling of which I agree with you completely, but don’t also forget to add that gamblers have become extremely greedy since the invention of cryptocurrency gambling. I am not trying to be on the Negative side, but sincerely, as much as online gambling has made gambling more easily, it has also succeeded in raising gamblers whose gambling motive is completely different from the initial intention of gambling.

In the days of traditional gambling, gambling was more or less for entertainment but these days, especially in this era of crypto gambling, we see more of greedy gamblers who do everything possible to make money from gambling and this has really destroyed so many gamblers.

I think this is a whole individualistic approach towards gambling using crypto. Of course there are gamblers who would do anything to make money and name in the industry and they think that crypto is the instrument to do that so they behave in a greedy way but it is also giving rise to gambler who are filthy rich. Could be used either way, by making life easier and enjoy gambling anonymously or by making use of the coin to make huge capital.

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Quote from: maydna on July 08, 2019, 10:37:42 PM

Crypto gambling now become popular since many people are interested to try to use online/crypto gambling. Crypto gambling gives an easy way to place the bets because they don't have to go to the gambling places and they can stay at their home while they can place the bets. Besides that, they can prevent themselves from the robbery that might happen if they walk away with the money to their home. They can feel safe to withdraw the money in their home and they can receive the money without any trouble at all.

You have successfully outlined all the good sides of crypto gambling of which I agree with you completely, but don’t also forget to add that gamblers have become extremely greedy since the invention of cryptocurrency gambling. I am not trying to be on the Negative side, but sincerely, as much as online gambling has made gambling more easily, it has also succeeded in raising gamblers whose gambling motive is completely different from the initial intention of gambling.

In the days of traditional gambling, gambling was more or less for entertainment but these days, especially in this era of crypto gambling, we see more of greedy gamblers who do everything possible to make money from gambling and this has really destroyed so many gamblers.

Topic: Cryptocurrency In The Gambling Industry: All You Need To Know About Bitcoin (Read 1114 times)