Do any casinos offer cryptocurrency staking? - page 7.

carlfebz2

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Quote from: DarkDays on July 10, 2020, 01:40:33 PM

There has been a lot of talk lately about which new features are important for cryptocurrency casinos to add;

The general consensus is that new games, deposit methods, chat features etc are expected from any good casino. But has anywhere actually began offering cryptocurrency staking options for accepted cryptocurrencies?

As far as I've seen, plenty of crypto casinos support deposits for stakeable assets like Tezos, Cardano, Tron etc, but I haven't seen a single casino that allows users to benefit from this feature.

Seems like a nice potential revenue option for casinos and its users... Just need to add a withdrawal delay that accounts for the staking period for those that opt in to the feature.

When it comes to staking then i do recently saw some new thread of a new gambling site that do offer that one which you can find it here https://bitcointalksearch.org/topic/goosebetio-the-newest-igaming-dividend-casino-with-btc-eth-trx-and-usdt-5259028

Im not sure if this one is trustworthy or not since they did just recently out in the market and still havent able to prove out theirselves.

Back in time or generally i havent able to met up platforms that do offer this kind of feature or option.

bearexin

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Quote from: erikoy on July 13, 2020, 10:11:20 AM

staking might be possible and I had seen it casino and other gambling activities. Yet, staking has set a limit. The limit that has been set will help the casino not to get losses in that old school staking bet. As we all know that staking without limit will help the user to win at his advantage and never will a casino allow this because casino is a business to earn and not to get more losses.

What are you really talking about? Staking means you get a percentage of free coins based on the coins you invest and lock them for staking. The casino would never lose if they allow players to stake. Please can you explain what you exactly meant? It seems you got confused between gambling term "stakes" and mining term "staking", right?

Quote from: erikoy on July 13, 2020, 10:11:20 AM

I think also that it is not better to look at gambling as a means for living but instead it should be the fun and excitement when one will going to bet.

Again out of context although true but adding a staking option would actually benefit users a lot. I see stake.com has vault option where they allow us to keep funds and use it as bank so maybe add another feature and allow gamblers to lock their funds for a specific time to gain some interest on the idle coins and it is a good idea actually.

BitcoinTurk

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Usually, there is only one suggestion I can make for you, as such services are very rarely offered in such offers. I think www.freebitco.in is the only service that is reliable, comfortable to use and you can benefit from the stake system without any problem. Here you can take advantage of the stake system using Bitcoin and earn a good rate of 4%. You can also increase your capital and stake earnings by earning additional income with the free services provided by this service by spending very little time daily.

erikoy

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Well staking might be possible and I had seen it casino and other gambling activities. Yet, staking has set a limit. The limit that has been set will help the casino not to get losses in that old school staking bet. As we all know that staking without limit will help the user to win at his advantage and never will a casino allow this because casino is a business to earn and not to get more losses.

Anyway, I think also that it is not better to look at gambling as a means for living but instead it should be the fun and excitement when one will going to bet.

jademaxsuy

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Quote from: nakamura12 on July 12, 2020, 07:28:35 AM

I didn't know any casinos that offer staking but I did know that some gambling platform do offer profit when you have more than 30k satoshi in freebitco.in and investing on a bankroll of a dice site like yolodice and other gambling platform that offer same feature. Just ask the site owner if they also add the feature you are looking for.

No it is not possible unless the owner of the website set it out just for him to earn in his own gamblinh site. Staking is a strategic way of betting and this has been an old school of gaining profits. This is why it is never allowed for gambling site would surely made losses and of course business will go down and closes.

So, basically casino does not allow staking crypto for this is somewhat like cheating earning or gaining profit in just one win even in consecutive losses. It is only the bet changes that doubles everytime that losses being made until such a user won and gain profits.

traderethereum

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Quote from: ryzaadit on July 12, 2020, 04:21:10 AM

Quote from: MCobian on July 12, 2020, 01:37:38 AM

4% -7% chance can be obtained in just a few days. But trading risks are greater than staking, and therefore I prefer it staking.

Stacking also has some risk the price token you are using is down for the stacking. Before stacking you will buy the token right?

Let's take an example:
Buying Token A = 300 SAT ( Will be used for stacking).
Then you will get 5%/years for stacking the token.

The token price you are used for the stacking has some potential down more than annual rate they give to you. You got 5% from the stacking but losing the token value more than the rate stacked you are getting. You are still on the loss position.

If you think staked not risk at all then you are completed wrong at all. Some of the stacked systems need to be locked before we can take back your investment and you can keep watching the token price you are used for staked going down maybe to 0 ~LOL. With trading your fund not locked at all and can exit the market anytime when you feel the market will be crash.

If you want not to include the risk price token, then used FIAT to be stacked but even FIAT still has some potential lose from the inflation. Every method investment always their own risk.

That will depend on how many amounts you use to staking because I think that coin will have a minimum amount to stake.
The stake will be too risky to do if the coin is down from time to time without any chance to increase.
I tried to staked before with MNX, and yes, I got a nice profit from that because every month, I can get a nice amount. But then, suddenly the price is down too deep, and that makes the rate is down too.
And now, I can not get a good return with that, and I decide to sell it once the price can increases.

alani123

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Quote from: shoreno on July 10, 2020, 10:43:54 PM

why would they do that ? whats the the purpose of gambling site in the first place ? only for playing a gambling . adding more features to it already removes its essence of a gambling place and people will get distracted . i dont see gambling site that supports staking yet but only investment feature . what more can we ask for ? i think this is enough . people can already earn in different ways but if they love staking then they should head on to a dedicated staking platforms and not on a gambling site .

I think OP is asking a reasonable question.
There are quite a few proof of stake cryptocurrencies and the since casinos can take them as an investment in the house, it means they're running a wallet also. Users entrusting the casino with a deposit in the house could also use it as a service to stake. It would be a win-win situation for those making waggers, the house as well as investors.

nakamura12

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I didn't know any casinos that offer staking but I did know that some gambling platform do offer profit when you have more than 30k satoshi in freebitco.in and investing on a bankroll of a dice site like yolodice and other gambling platform that offer same feature. Just ask the site owner if they also add the feature you are looking for.

ryzaadit

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Quote from: MCobian on July 12, 2020, 01:37:38 AM

4% -7% chance can be obtained in just a few days. But trading risks are greater than staking, and therefore I prefer it staking.

Stacking also has some risk the price token you are using is down for the stacking. Before stacking you will buy the token right?

Let's take an example:
Buying Token A = 300 SAT ( Will be used for stacking).
Then you will get 5%/years for stacking the token.

The token price you are used for the stacking has some potential down more than annual rate they give to you. You got 5% from the stacking but losing the token value more than the rate stacked you are getting. You are still on the loss position.

If you think staked not risk at all then you are completed wrong at all. Some of the stacked systems need to be locked before we can take back your investment and you can keep watching the token price you are used for staked going down maybe to 0 ~LOL. With trading your fund not locked at all and can exit the market anytime when you feel the market will be crash.

If you want not to include the risk price token, then used FIAT to be stacked but even FIAT still has some potential lose from the inflation. Every method investment always their own risk.

MCobian

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As far as I know, casinos only offer crypto investment, if there are casinos that have staking features, I want to try them.
Because I am among those who like crypto staking, even though the results offered are not as big as trading. If we trade
4% -7% chance can be obtained in just a few days. But trading risks are greater than staking, and therefore I prefer it staking.

aioc

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Quote from: mindrust on July 11, 2020, 02:34:35 AM

Quote from: mersal on July 11, 2020, 02:21:08 AM

do they offer guaranteed returns? What if casinos go bankrupt

Nothing in life is foolproof guaranteed. Your money in the bank is not guaranteed neither. It is not guaranteed even when your government guarantees it because governments can fail too. (see Cyprus)

That's why you have to manage your risks.

I wouldn't go all in there but it is definitely a good idea to get some daily sats.

This is the risk that you have to take that is why you need to do diligent research and you must accept the outcome if ever there is bankrupt, I agree with you that there 's no such thing as no fail business, traders and business men knows this.

mersal

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^^Yes we all need fiat to pay our bills but it doesn't mean we have to keep holding them,always keep your funds as assets so the value won't get depreciated.

Quote from: ryzaadit on July 11, 2020, 04:30:15 AM

Quote from: mersal on July 11, 2020, 02:21:08 AM

4% return per year for staking bitcoin is really a great deal

My bank offer me a 6-7% annual rate for the deposit, so maybe if want to a long term deposit I looking some site more than rate bank offer to me.

This rate of interest for deposit will be similar to the inflation rate or even lesser than the actual inflation rate for your fiat currency.If it is USD the average inflation is 3% so if a bank is offering 7% same then they can choose that investment over risky casino investment.

verita1

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I also like staking, I have applied it since last year in other projects not related to online casinos.
In August I will check my first staking in a DeFi, there are thoughts against them but also others very optimistic. I hope to share good news soon. The issue of bankruptcy in Casinos is a bit of care, we just shouldn't take too many risks in cryptocurrencies.

ryzaadit

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Quote from: mindrust on July 11, 2020, 06:38:25 AM

the Dollar itself is crap too but it is the least crappy of all. That's where you want to be if you are going to hold FIAT.

Yeah, We know all FIAT is crap with inflation but still need them to pay a bill and other transaction since all transaction in real life still using fiat~LOL

So the reason why holding fiat only because of that's, or waiting a momentum bearish/down movement from the market.

Quote from: Lakai01 on July 11, 2020, 06:20:17 AM

PoS is a completely different topic. There, for example, you give your voting rights for governance issues and receive a return on your investment.

Why, I said POS

@OP give the explanation about :
1. Stacking.
2. Mention A POS Coin.

So, What's I got from the @OP explanation. @OP need to know did some casino offering a service to stacked your POS coin using their service/wallets just same as POS Wallet when they offering this service a few years ago and decided to close the service. The reward not determined by the service, but all depends on the amount you are investing and reward paid by the % reward pos.

mindrust

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Quote from: ryzaadit on July 11, 2020, 06:18:47 AM

Quote from: mindrust on July 11, 2020, 06:09:28 AM

-snip-

Yeah, due the economy crisis around 2008-2010.

But maybe you can skip under 2015 for me XD, since at that's the year I'm still a kid and not really know about the investment, money and other things still a human being who happy without thinking economy ~LOL. I started to know a different investment round 2016-2017 when my age 15 and using my earning to use for investment. The first thing i learn is bitcoin and altcoin as the investment then going to learn more about a different kind of investment fiat and other things.

Right now, I diversity my asset to a different asset. Fiat, Crypto and Gold my mom used it just for in a case and my saving when maybe have some economic crisis again.

That kind of crisis can happen again at anytime. See the big to the moon spike in the chart that happened 3 months ago?

It looks like IDR recovered from it but did it actually?

All these local currencies are weak against the Dollar. EUR and GBP too. the Dollar itself is crap too but it is the least crappy of all. That's where you want to be if you are going to hold FIAT.

Lakai01

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Quote from: ryzaadit on July 11, 2020, 05:56:33 AM

But the method for holding and getting for the interest not really safe at all for BTC, since BTC not POS so if want to get interested from investment need to hold and store the bitcoin on the website not personal wallets.

Yes, of course, because you usually invest in the bankroll of the casino.
You can compare this in the broadest sense with an investor for startups, for example. You lend your money with the hope of getting something out of the profits. But if the start-up goes bankrupt, your investment is gone.

PoS is a completely different topic. There, for example, you give your voting rights for governance issues and receive a return on your investment.

ryzaadit

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Quote from: mindrust on July 11, 2020, 06:09:28 AM

-snip-

Yeah, due the economy crisis around 2008-2010.

But maybe you can skip under 2015 for me XD, since at that's the year I'm still a kid and not really know about the investment, money and other things still a human being who happy without thinking economy ~LOL. I started to know a different investment around 2016-2017 when my age 15 and using my earning to use for investment. The first thing i learn is bitcoin and altcoin as the investment then going to learn more about a different kind of investment fiat and other things.

Right now, I diversity my asset to a different asset. Fiat, Crypto and Gold my mom used it just for in a case and my saving when maybe have some economic crisis again.

mindrust

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Quote from: ryzaadit on July 11, 2020, 05:56:33 AM

Quote from: mindrust on July 11, 2020, 04:32:15 AM

%6-7 to which currency? Unless it is USD or BTC, we are talking about different things. There is only one real FIAT and it is USD. Only one real crypto and it is BTC. The rest are shitcoins.

My Bank Local-Currency IDR.

But the method for holding and getting for the interest not really safe at all for BTC, since BTC not POS so if want to get interested from investment need to hold and store the bitcoin on the website not personal wallets.

The interest you get from freebitco.in is not real interest. They are sharing their profits.

IDR lost almost %50 of its value against the US dollar in the last 10 years.

If you put 100 IDR in a bank account, had %7 compound, you'd have 200 IDR after 10 years.

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Dollar-wise you'd have the same amount of dollars.

ryzaadit

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Quote from: mindrust on July 11, 2020, 04:32:15 AM

%6-7 to which currency? Unless it is USD or BTC, we are talking about different things. There is only one real FIAT and it is USD. Only one real crypto and it is BTC. The rest are shitcoins.

My Bank Local-Currency IDR.

But the method for holding and getting for the interest not really safe at all for BTC, since BTC not POS so if want to get interested from investment need to hold and store the bitcoin on the website not personal wallets.

mindrust

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Quote from: ryzaadit on July 11, 2020, 04:30:15 AM

Quote from: mersal on July 11, 2020, 02:21:08 AM

4% return per year for staking bitcoin is really a great deal

My bank offer me a 6-7% annual rate for the deposit, so maybe if want to a long term deposit I looking some site more than rate bank offer to me.

%6-7 to which currency? Unless it is USD or BTC, we are talking about different things. There is only one real FIAT and it is USD. Only one real crypto and it is BTC. The rest are shitcoins.

Topic: Do any casinos offer cryptocurrency staking? - page 7. (Read 1543 times)