Topic: Does blockchain technology really helps gambling? Or is it just making it worst? (Read 192 times)
March 29, 2019, 02:56:43 PM
Block chain technology actually helps gambling company because its Advent brought a lot of people into gambling business and more to participate in gambling.
March 29, 2019, 02:01:11 PM
It is making it much more easier.
In my country it is illegal to play on the foreign casinos and the government fines you if they catch you. They caught and fined hundreds of people by tracking their credit cards.
If you are careful and can purchase crypto, they'll never know where you play. Crypto is the best thing happened to the gambling industry.
In my country it is illegal to play on the foreign casinos and the government fines you if they catch you. They caught and fined hundreds of people by tracking their credit cards.
If you are careful and can purchase crypto, they'll never know where you play. Crypto is the best thing happened to the gambling industry.
March 29, 2019, 01:47:16 PM
Yes, blockchain technology really helps gambling. With this kind of technology, I can gamble my bitcoins or any other cryptocurrency anywhere with just my mobile phone on my hand. It's so easy to gamble now. We don't need to go to casinos, we don't need to give our personal information. Right now, there is now a lightning network in which there would be faster and cheaper transactions.
March 29, 2019, 10:57:17 AM
I don't know gamble before I knew cryptocurrency. But after I knew cryptocurrency, I come to the gambling business, and I tried to play some games in my first time.
I think blockchain technology gives help to the user to gamble without any problem. People can gamble without using their personal identification, and it really helps them to hide their identity. Besides that, people don't have to use their money/fiat to gamble, but they can use crypto. And the best is there are many coins that they can use to gamble, and you can name it by yourselves.
I think blockchain technology gives help to the user to gamble without any problem. People can gamble without using their personal identification, and it really helps them to hide their identity. Besides that, people don't have to use their money/fiat to gamble, but they can use crypto. And the best is there are many coins that they can use to gamble, and you can name it by yourselves.
March 29, 2019, 05:01:42 AM
If there is a problem people should have complained about it already but as far as we know there is no one yet. AFAIK most businesses today are using the blockchain for their products and services. Gambling casino also is using it for their players and most gamblers are not complaining about it unlike using fiat where there are certain complaints.
March 29, 2019, 04:38:46 AM
Yes it does help. Mainly because it is anonymous. Most online casinos require only en email address and phone number verification to register an account. And you can easily buy a 2nd prepaid SIM card just for this purpose if you don't want to use your personal number.
When it comes to withdrawals usually some sort of KYC is necessary but just check the TOS before registering your account and if you agree to it - go ahead.
When it comes to withdrawals usually some sort of KYC is necessary but just check the TOS before registering your account and if you agree to it - go ahead.
March 29, 2019, 03:40:55 AM
Blockchain technology create's new doors for those people wanting to launch a casino platform, It offers more flexibility specially when it comes to customers account funding. Having Cryptocurrency as a funding option, blockchain technology removes intermediary bank just to fund casino account via CreditCard.
March 29, 2019, 03:12:56 AM
Well, I think that the implementation of blockchain technology in gambling really can help to make some advantages.
We know that blockchain technology is a high tech support system.
With this technology, gambling can be enjoyed by many more people around the world, with easy payment, deposit, and also without any restriction likely using the fiat.
Moreover, I think that it will help to all players for anonymous playing.
We know that blockchain technology is a high tech support system.
With this technology, gambling can be enjoyed by many more people around the world, with easy payment, deposit, and also without any restriction likely using the fiat.
Moreover, I think that it will help to all players for anonymous playing.
March 29, 2019, 02:43:31 AM
Blockchain technology helps gambling a lot for instance. When you join a certain gambling site you need to deposit, unlike conventional gambling site, crypto gambling site is now easier to deposit in a casino and play. It is much more convenient for gamblers to play in a casino based crypto that fiat-based crypto.
March 28, 2019, 10:47:05 PM
Blockchain technology is very beneficial for gambling industry from multiple reasons. Now everyone can gamble regarding of their country or government restrictions and they can also do it in an anonymous way meaning they don't have to provide any kind of documents to verify their identity. Another big advantage is the fact that withdrawals are instant on most cryptocurrency based casinos/sportsbook so you can have acces to your money anytime you want without having to wait hours/days until they are sent to your bank account.
March 28, 2019, 10:23:06 PM
Blockchain technology helps gambling for both casinos and players.
1. With the technology, players gets a guarantee of fair result because of the provably fair system while the casino gets the trust from players.
2. Anonymity, blockchain helps players to play anonymously without revealing their own personal information.
3. Related to payment, when we are dealing with Fiat casino then there will be a chance that our money might be confiscated by the bank once the bank that the transaction (in or out) is related to gambling activity. It wont happen with the blockchain based casinos.
4. Easier, faster, and safer transaction using blockchain technology.
1. With the technology, players gets a guarantee of fair result because of the provably fair system while the casino gets the trust from players.
2. Anonymity, blockchain helps players to play anonymously without revealing their own personal information.
3. Related to payment, when we are dealing with Fiat casino then there will be a chance that our money might be confiscated by the bank once the bank that the transaction (in or out) is related to gambling activity. It wont happen with the blockchain based casinos.
4. Easier, faster, and safer transaction using blockchain technology.
March 28, 2019, 04:22:33 PM
Some will going to use chips or any other materials to represent money when betting. This probably just to keep any possible trouble because of money. As we all know that money is very hot to others. Now, gambling has already introduce into the block chain technology to which it will be hard to integrate especially to the users that are not good in computers and might be confuse using the technology.
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
One of the problems of gambling before was distrust and manipulation . However, the decentralized nature of cryptocurrencies now enabled us to create that trust and people now gambling with free mind because of the transparent nature of blockchain technology. I think blockchain technology is helping gambling industry more than any other sectors. This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
March 28, 2019, 03:14:02 PM
If it didnt able to help gambling then we wont see any crypto based gambling site nowadays.We've seen the numbers bloated when it comes to crypto casinos or gambling sites as of this moment which
signifies on how this tech do help out this industry.
signifies on how this tech do help out this industry.
March 28, 2019, 02:11:49 PM
I think blockchain technology really helps gambling, especially for those online gambling sites who supports cryptocurrencies because players can gamble secretly without any track of the government.
Yes. I agree people can really play gambling secretly without any track of the government. Do you think more online gambling sites will be created because of blockchain technology? March 28, 2019, 02:03:15 PM
I think blockchain technology really helps gambling, especially for those online gambling sites who supports cryptocurrencies because players can gamble secretly without any track of the government.
January 13, 2019, 06:00:34 AM
Some will going to use chips or any other materials to represent money when betting. This probably just to keep any possible trouble because of money. As we all know that money is very hot to others. Now, gambling has already introduce into the block chain technology to which it will be hard to integrate especially to the users that are not good in computers and might be confuse using the technology.
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
Blockchain greatly fosters gambling especially online gambling. With fiat, there are many weaknesses that we might encounter. There are many types of fiat out there and unfortunately, not all of them will be supported by gambling sites. With the help of blockchain, now people from around the world can gamble easily, secretly and so on.
January 13, 2019, 05:14:47 AM
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
Of course it helps. Now I can gamble in any cryptocurrency casino anywhere in the world. Without any bureaucracy and mostly without any kyc .
Fast and cheap transactions also, for deposits and withdrawal.
Blockchain is amazing for gambling websites, no doubt.
January 13, 2019, 03:41:39 AM
A couple major advantages that crypto casinos enjoy:
- no fiat restrictions: since most countries don't regard crypto as real money, its not restricted in the same manner that online fiat casinos are
- provably fair games: before the invention of the blockchain the practice of implementing provably fair games wasn't actively employed
Still, a tiny fraction of the world population uses cryptocurrency at all, so I don't think its making it worse, only better. Those who are prone to be gambling addicts are going to find a way to gamble regardless of whether crypto casinos exist or not.
- no fiat restrictions: since most countries don't regard crypto as real money, its not restricted in the same manner that online fiat casinos are
- provably fair games: before the invention of the blockchain the practice of implementing provably fair games wasn't actively employed
Still, a tiny fraction of the world population uses cryptocurrency at all, so I don't think its making it worse, only better. Those who are prone to be gambling addicts are going to find a way to gamble regardless of whether crypto casinos exist or not.
January 12, 2019, 11:09:46 AM
Some will going to use chips or any other materials to represent money when betting. This probably just to keep any possible trouble because of money. As we all know that money is very hot to others. Now, gambling has already introduce into the block chain technology to which it will be hard to integrate especially to the users that are not good in computers and might be confuse using the technology.
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
This is why I would like to get your opinion does really block chain helps a user to gamble at ease? Or does it just makes more difficult or worse? I need somw inputs on gamblers that is now using block chain technology to gamble. Compare it basing on your experience.
Jump to: