Do the Bitcoin casinos are based on blockchain?

Yarex

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Quote from: shoreno on May 06, 2019, 07:21:40 PM

Quote from: Yarex on May 06, 2019, 06:29:46 PM

Quote from: raven7886 on May 04, 2019, 03:16:08 PM

-snip-

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

i think not all crypto related gambling sites are blockchain based . some gambling sites accept cryptocurrency as payment and you will still need to pay for the transaction fees before you send your funds into your gambling account and the fees will not always be expensive but it also depend on the price of cryptocurrencies . i think blockchain based casinos are more fair .

I see no reason to create a casino based on the blockchain for betting.
Using cryptocurrencies to make payments is an excellent solution, but for direct betting, this is an excessive waste of commission fees. Much better to organize everything based on the database.

etherclassic

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Quote from: bitgov on March 02, 2019, 09:19:03 PM

Hello everyone!

Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?

Well for today i don't play gambling games of casino based on the blockchain technology in cryptocurrencies because my service of gambling games based on the blockchain they still don't give games casino gambling based on the blockchain technology (casino dapps) for today i just played gambling dice game based on the blockchain technology and i used Tron coins as payment method and wagered because it is decentralize application dapps gambling games which was built on Tron blockchain technology.

shoreno

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Quote from: Yarex on May 06, 2019, 06:29:46 PM

Quote from: raven7886 on May 04, 2019, 03:16:08 PM

-snip-

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

i think not all crypto related gambling sites are blockchain based . some gambling sites accept cryptocurrency as payment and you will still need to pay for the transaction fees before you send your funds into your gambling account and the fees will not always be expensive but it also depend on the price of cryptocurrencies . i think blockchain based casinos are more fair .

Yarex

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Quote from: raven7886 on May 04, 2019, 03:16:08 PM

I think that is the explanation of what centralized crypto gambling is. I mean if you just deposit your money into a casino and then you just play there the way you want it doesn't have to be bitcoin that you are playing with, it could be basically a number that represents how much bitcoin you have and win/lose that is it.

It doesn't really change much in the gamblers hand because you end up with more or less bitcoin according to what you win or lose but in the end there are no transactions going around in the background involving your money. Its not like early satoshidice days where you literally have to send money and if you win they sent you back and so forth. That is what decentralized casinos are trying to bring back to remove the central ownership of the casinos.

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

Oceat

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Quote from: Yarex on April 29, 2019, 05:15:19 PM

Quote from: coinplus on April 25, 2019, 02:36:17 AM

Third one is the decentralized casino which basically is just purely off anyone's hand and all based on blockchain of a coin in a dapp manner so its almost purely blockchain.

During my practice, I have not yet met a decentralized casino. Could you give me a link to such a casino.
Is this something like decentralized exchanges, only there is not trading, but gambling?

Haven't you met a casino that requires you to verify the KYC process? For me, if there is a KYC in a casino i already think that it is a centralized casino which is someone is controlling the casino. Although the KYC process to some casino requires only if you met a certain level of verification like depositing/withdrawing a large amount of crypto/fiat.

raven7886

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I think that is the explanation of what centralized crypto gambling is. I mean if you just deposit your money into a casino and then you just play there the way you want it doesn't have to be bitcoin that you are playing with, it could be basically a number that represents how much bitcoin you have and win/lose that is it.

It doesn't really change much in the gamblers hand because you end up with more or less bitcoin according to what you win or lose but in the end there are no transactions going around in the background involving your money. Its not like early satoshidice days where you literally have to send money and if you win they sent you back and so forth. That is what decentralized casinos are trying to bring back to remove the central ownership of the casinos.

jak3

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I guess not some are based on blockchain but not most of them. all these casino's who accept crypto payments or deal with cryptocurrencies are just some numbers there they are not actually betting with bitcoin but when you withdraw they give you btc according to the number you achieved just like how banks do it. Casino's can not control the bet amounts as they are fixed even before you want to play so that's how you can verify if they are cheating or not. and no they do not cheat because they don't need to. you are playing with them and they have the much higher bankroll to handle big losses which you can not.

romero121

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Quote from: beerlover on May 02, 2019, 02:04:23 AM

Decentralized casinos do exists, they are the dapp versions rooted from certain coins, right now the most known one is eosbet which is a decentralized casino and right now they basically have dice only (they have crash and baccarat too but I really think dice is what draws people to their website). It is not a "casino" perse but they are really getting there.

There are other examples too if you check the dapp world and see but they are basically the same except couple of trust issues removed, after all if you trust your dice website than decentralized is not really important, for example I trust primedice enough that its basically as trustworthy as decentralized for me, same with stake too. So all in all it all depends on what you are looking for but they do exist out there if you look for it or at least google it.

Recent days in the gambling network we haven't got much of dApps. Eosbet is the one that function on the blockchain platform while most of the gambling websites we use now were much into the centralized service with cryptocurrency acceptance. Blockchain into gambling is a complicated process which is quite hard to develop without flaws.

Most lottery with cryptocurrency acceptance marked its entry and those were promoted with the smart contracts network as the lottery service render itself had their own ERC-20 token. As gambling doesn't require more of regulation same as that of the exchange services we can expect the future of casinos to be fully on blockchain to enrich effective functioning.

beerlover

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Decentralized casinos do exists, they are the dapp versions rooted from certain coins, right now the most known one is eosbet which is a decentralized casino and right now they basically have dice only (they have crash and baccarat too but I really think dice is what draws people to their website). It is not a "casino" perse but they are really getting there.

There are other examples too if you check the dapp world and see but they are basically the same except couple of trust issues removed, after all if you trust your dice website than decentralized is not really important, for example I trust primedice enough that its basically as trustworthy as decentralized for me, same with stake too. So all in all it all depends on what you are looking for but they do exist out there if you look for it or at least google it.

Yarex

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Quote from: coinplus on April 25, 2019, 02:36:17 AM

Third one is the decentralized casino which basically is just purely off anyone's hand and all based on blockchain of a coin in a dapp manner so its almost purely blockchain.

During my practice, I have not yet met a decentralized casino. Could you give me a link to such a casino.
Is this something like decentralized exchanges, only there is not trading, but gambling?

Wakhid Mukti

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Quote from: kingpin4321 on March 02, 2019, 11:37:24 PM

Bitcoin casino has not yet been developed on the blockchain technology system yet.
But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology

Yes, I also agree with that. The Blockchain technology in the casino is only used to launch the payment process (deposit and withdrawal) besides that the blockchain has not been used as a system to run casinos.

coinplus

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There are about three types that "blockchain" is used but they are all on different levels. One is the simple place that has crypto as a payment and that's all, most of the sportsbooks are like that because honestly there is not that many ways you can use blockchain on a sportsbook, it requires to be centralized to add and remove games and all that.

Second one is the dice games type which is basically all unrelated to bitcoin except the fact that you play with bitcoin and you deposit/withdraw bitcoin and they also have provably fair which means games are backed up by the blockchain technology which is great of course.

Third one is the decentralized casino which basically is just purely off anyone's hand and all based on blockchain of a coin in a dapp manner so its almost purely blockchain.

Yarex

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it is based on blockchain and blockchain technology brings many advantages to the casinos, as the problem with some casinos is that they do not provide data such as winnings , results and payouts for public scrutiny, and it creates a problem for the gambler ….

A player according to his statistics can look at his winnings and losses, as well as the amount that he has on his balance.
Other people do not need to see this information, although the blockchain may allow them to do so.

dark08

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Not all online casinos are based on blockchain but still theres a few of them are now adapting blockchain technology in their platform.
You can verify your dice bet in the seed that why onkine casino are providing fairness in the site to make player being aware that they not being cheated.

okala

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Quote from: steampunkz on April 24, 2019, 02:54:12 AM

Quote from: nauane on April 17, 2019, 12:56:48 PM

Quote from: morrisgonzalez on April 11, 2019, 01:15:25 PM

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ? Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

Some other gambling are adapting blockchain platform, but majority i know are more on using the normal features for payment gateways like credit cards and fiat currency.

You are right most gambling platforms before now use the old traditional financial method for they deposits and withdrawals, but in recent time gambling industry is now taping into the potential of the blockchain and adopting the decentralized method such as the use of bitcoin and other altcoin for they gaming operations.

steampunkz

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Quote from: nauane on April 17, 2019, 12:56:48 PM

Quote from: morrisgonzalez on April 11, 2019, 01:15:25 PM

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ? Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

Some other gambling are adapting blockchain platform, but majority i know are more on using the normal features for payment gateways like credit cards and fiat currency.

omonuyak

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It really depends on casino sites you are talking about. I know EOS base casino sites are completely decentralized but most of the gambling sites I have come across especially those that are been promoted here are centralized casino sites.

Yarex

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Quote from: nauane on April 17, 2019, 12:56:48 PM

Quote from: morrisgonzalez on April 11, 2019, 01:15:25 PM

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ? Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

It seems to me that it is not advisable to do this, in gambling there is enough speed, which is developed by the processing of operations in the database. Own blockchain does not greatly change the speed of operations.

nauane

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Quote from: morrisgonzalez on April 11, 2019, 01:15:25 PM

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ? Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

LUCKMCFLY

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Quote from: bitgov on March 02, 2019, 09:19:03 PM

Hello everyone!

Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?

In the platform that I follow, they have their algorithms based on blockchain, each game or each move it is possible to do their audit in the moment by the same player and see what was the option that should have chosen, we must also start using the Provably a lot Fair that is very legal, the good thing about Blockchain is that it is impossible to cheat or corrupt your code, I think that this is what gives confidence to the players.

Topic: Do the Bitcoin casinos are based on blockchain? (Read 907 times)