ETH-based descentralized casinos | Bitcointalksearch.org

joshy23

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Quote from: Saisher on February 08, 2020, 11:04:46 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

It's actually a good idea and the developers can create one for the community, if Eos and Tron can do it for the community why not ETH for the community, I guess no one among the community developers is interested in this idea and they leave to independent developers to create one for the community.

It's very possible though it will be depends with how developers will see the opportunities and how they benefits once they offered this kind
of gambling platform, likewise, if EOS and Tron able to work with this system it's very possible that ETH also have this capabilities.

Saisher

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

It's actually a good idea and the developers can create one for the community, if Eos and Tron can do it for the community why not ETH for the community, I guess no one among the community developers is interested in this idea and they leave to independent developers to create one for the community.

xvids

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

The gamblers already trust the old sites and they wouldn't just leave it to some random and untrusted sites or developer.
There are so many things that they should consider before trying to make this happen and if there would be one could they survive?
Could they attract enough gambler to sustain their website?
What would they offer in order for the gambler to move to their platform?
This are the questions that would mostly be on their mind.

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

The idea is promising. But be careful with some decentralized gambling casino that will launch with this method. I am fan of trading and uses dex always to trade coins but ita gonna be different if its about gambling. I dont know much platform or if there is that running already with this scheme. But if you heard of acewin platform they are using eth blockchain erc20 token for their token utility on their gambling site. But its not decentralized like what youre asking.

What they have is using the eth blockchain is for you to gain some dividend from their earning on the gambling games on their site.

aioc

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Quote from: Tipstar on February 06, 2020, 11:05:47 AM

Quote from: aioc on February 06, 2020, 11:02:09 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

So far there are no popular gambling sites like that any eth developer can do that for the Eth community but if you are a gambling operator you would like to target as many holders as possible and not only investors of Eth so your profit will not be restricted on one community if gamblers it's not profitable for gambler operator then.

ETH's network congestion is to be blamed for that. Inchain gambling is quite famous for Tron and there are many popular gambling dapps on Tron blockchain. Tron of course was intended to act as a gambling token and that's not a surprise. EOS dapps are the next popular in gambling for their agility. And even though being one of the most used coins, there are no successful gambling dapps on Ethereum.

I just remember the game Cryptokitties it was so popular back then that it cost network congestion and if there is gaming exclusive for Eth it will have a bad impact because gambler will have no option to deposit other coins because it is only for Etherem, I agree that there are coins built for gambling but Ethereum is built not only for gambling it's for everyone who wants to create their own token.

Lucasgabd

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Quote from: Tipstar on February 06, 2020, 11:05:47 AM

Quote from: aioc on February 06, 2020, 11:02:09 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

So far there are no popular gambling sites like that any eth developer can do that for the Eth community but if you are a gambling operator you would like to target as many holders as possible and not only investors of Eth so your profit will not be restricted on one community if gamblers it's not profitable for gambler operator then.

ETH's network congestion is to be blamed for that. Inchain gambling is quite famous for Tron and there are many popular gambling dapps on Tron blockchain. Tron of course was intended to act as a gambling token and that's not a surprise. EOS dapps are the next popular in gambling for their agility. And even though being one of the most used coins, there are no successful gambling dapps on Ethereum.

actually even when the network is clogged the fees are not higher than 0.03 USD
there are some gambling dappps but you're right, not many

let's see what the future will bring
a lot can change.

Tipstar

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Quote from: aioc on February 06, 2020, 11:02:09 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

So far there are no popular gambling sites like that any eth developer can do that for the Eth community but if you are a gambling operator you would like to target as many holders as possible and not only investors of Eth so your profit will not be restricted on one community if gamblers it's not profitable for gambler operator then.

ETH's network congestion is to be blamed for that. Inchain gambling is quite famous for Tron and there are many popular gambling dapps on Tron blockchain. Tron of course was intended to act as a gambling token and that's not a surprise. EOS dapps are the next popular in gambling for their agility. And even though being one of the most used coins, there are no successful gambling dapps on Ethereum.

aioc

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

So far there are no popular gambling sites like that any eth developer can do that for the Eth community but if you are a gambling operator you would like to target as many holders as possible and not only investors of Eth so your profit will not be restricted on one community if gamblers it's not profitable for gambler operator then.

Lucasgabd

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Quote from: LbtalkL on February 04, 2020, 09:16:41 AM

Quote from: agustina2 on January 28, 2020, 07:37:17 PM

The idea is not new.

Who doesn't like a decentralized form of gambling?

But there is no massive call or demands for that and crypto-gamblers still prefer the usual way which is choosing a much reputable site-deposit-play-withdraw. And to those persons or groups that are planning to build a site like that, gamblers should also see that they are serious in promotions and marketing.

Maybe not on Ethereum platform but they have some gambling dapps, On TRON and EOS they have decent volume with Decentralized Gambling Sites. Just like this one on Tron https://888tron.com/ But of course, do your own research about this site. To OP you can find the full list on https://dappradar.com/

great comment, thanks @LbtalkL
the link with the Dapp list is super usefull and definitely related to what I was talking about.

will look into it
thanks a ton.

davinchi

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

There are two possible ways for making a casino to be based on ethereum. First one is based on ethereum payment alone and the second one is based on ethereum network for hash calculations (they do not need to generate their own hashes but uses ETH network's block hashes for deciding the outcome of lottery or dicing by decoding it) and obviously using ETH as a primary bankroll.

I like to know pooltogether is doing what kind of adoption with ethereum (I really hate visiting random sites along with bitcointalk). I prefer to be playing with second way of ethereum based casinos as their provably fair mechanism is open to anyone to cross check. This type of casino based on bitcoin network is not possible as bitcoin's block generations are taking at least 10 minutes whereas ethereum generates 2 or 4 blocks for every minutes.

LbtalkL

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Quote from: agustina2 on January 28, 2020, 07:37:17 PM

The idea is not new.

Who doesn't like a decentralized form of gambling?

But there is no massive call or demands for that and crypto-gamblers still prefer the usual way which is choosing a much reputable site-deposit-play-withdraw. And to those persons or groups that are planning to build a site like that, gamblers should also see that they are serious in promotions and marketing.

Maybe not on Ethereum platform but they have some gambling dapps, On TRON and EOS they have decent volume with Decentralized Gambling Sites. Just like this one on Tron https://888tron.com/ But of course, do your own research about this site. To OP you can find the full list on https://dappradar.com/

Lucasgabd

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Quote from: milewilda on January 31, 2020, 12:48:21 PM

Quote from: kryptqnick on January 31, 2020, 11:53:59 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

I've seen various projects like that, but they tend to be short-lived. For one, Metamask had some stuff about banning Ethereum applications (not sure whether this is currently the case, but talks have made things uncertain anyway). Another problem is that using Metamask is not user-friendly from my personal experience. It's not that easy to figure out how it works, to make everything right so that smart contracts work. Some casinos offer alternatives, but I don't think they are better. I can't name a single Ethereum smart-contract-based casino right now, even though I've seen plenty. It seems to me that it's easier for people to give their money to reputable casinos in easy ways than figure out the smart contract stuff.

When we do talk about short-lived then this one is a fact.Im not aware with that Metamask eth app ban though.
I agree on the thing about being not user friendly of Metamask yet i do experience it when im still new on using it.
Without proper guide and some basic operation or technical you would surely get confused.There were lots of smart contract
based casinos out there but im pretty sure that those arent getting some good traffic.People get used to choose those
popular ones which are way less complicated.

not aware of metamask bans to ETH apps either
kryptqnick, are you sure that you're not making a small confusion between google banning metamask?

I thought metamask wouldn't be able to block the connection between certain apps or websites.

Quote from: amishmanish on February 01, 2020, 08:54:32 AM

What am i missing here? What exactly is "Decentralized" gambling. You are already using an anonymous, permissionless currency. What can a casino want as a service provider that decentralization helps?
Zero benefit to the gambler as well. Also, by very definition, a casino has to be a centralized entity. So this is a good idea to discuss but no, not going to happen.

people with too many certainties are curious.

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

I don't think we are going to see one, gamblers don't want to use non traditional way to deposit, I don't think many of gamblers are using metamask at all some of them are not trading in a decentralized exchange where metamask is very popular, they don't want to give their private to any application or extension even if it is proven 100% safe.

amishmanish

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What am i missing here? What exactly is "Decentralized" gambling. You are already using an anonymous, permissionless currency. What can a casino want as a service provider that decentralization helps?
Zero benefit to the gambler as well. Also, by very definition, a casino has to be a centralized entity. So this is a good idea to discuss but no, not going to happen.

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Quote from: milewilda on January 29, 2020, 05:28:02 AM

Quote from: imstillthebest on January 29, 2020, 05:12:59 AM

Quote from: 20kevin20 on January 29, 2020, 03:45:53 AM

Quote from: Kemarit on January 28, 2020, 08:01:12 PM

This has been discussed in the past as far I can remember, why it didn't get traction from the community? It's because it just make things complicated for gamblers. As what @ agustina2 have mentioned, deposit->play->withdraw, simply as that.

We don't want that whole metamask before we can play. And I guess gamblers mindset is hard to change or at least to convince try a way way to deposit in order to enjoy.

Why do you believe MetaMask is a problem? I think it's quite easy to use and a decentralized gambling platform would only make even more progress in the world of decentralization.

After all, when we will have +95% websites with KYC enabled, we will eventually all look for decentralized platforms to go to.. I'm already looking forward to moving to them.

Decentralized platforms will obviously require more attention when handling funds and will not be as easy as 1-2-3. Just like exchanging funds on Binance is instant while on decentralized exchanges it could take from a few minutes to hours. Casinos would probably function similarly.

for me yes its a hassel because you need to install it and download it , what if you dont have a pc ? metamask is still possible for mobile ? but for a user that already have metamask and enjoy using dex sites , that wont be a big problem for them . on cex sites , we depo , play , wd but dex sites works the same too , import , play and wd . the wd time on dex is i think more faster because its automated and no one checks the withdrawals while on cex , they can check it which cause delays

Thats what decentralized means where you do have the full control of your funds if you tend to deposit nor withdraw without intervention.
Its just a matter of preference though but i do highly believe that most people will play to those sites that do still need some registration.
I agree on the point that its quite hassle on making up some downloads and making transactions from time to time.

No matter how decentralized is that, still the government has something to do with it depends on your country. It is really hassle most especially when you know that withdrawal process is very crucial and you need to be secured about it. Government will take actions when they know that some cryptocurrency or coins are decentralized. Downloading and installing is not a problem in some ways and you really need some patient and persistence.

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

Rather than using the etherum network to signing with the casinos, there are a number of casinos which are using Waves or Eos platforms to support their monetary circulations. Etherum network was basically been created to help generate new coins in the markets by deploying smart contract on the network.

Etherum network allows us to generate and deploy the smart contract which is the initial stage of any token generation. This itself might point us why etherum network is not been used in gambling platforms. There are networks like EOS which are entirely been generated for the gambling platform so we could continue using those.

milewilda

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Quote from: kryptqnick on January 31, 2020, 11:53:59 AM

Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

I've seen various projects like that, but they tend to be short-lived. For one, Metamask had some stuff about banning Ethereum applications (not sure whether this is currently the case, but talks have made things uncertain anyway). Another problem is that using Metamask is not user-friendly from my personal experience. It's not that easy to figure out how it works, to make everything right so that smart contracts work. Some casinos offer alternatives, but I don't think they are better. I can't name a single Ethereum smart-contract-based casino right now, even though I've seen plenty. It seems to me that it's easier for people to give their money to reputable casinos in easy ways than figure out the smart contract stuff.

When we do talk about short-lived then this one is a fact.Im not aware with that Metamask eth app ban though.
I agree on the thing about being not user friendly of Metamask yet i do experience it when im still new on using it.
Without proper guide and some basic operation or technical you would surely get confused.There were lots of smart contract
based casinos out there but im pretty sure that those arent getting some good traffic.People get used to choose those
popular ones which are way less complicated.

kryptqnick

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Quote from: Lucasgabd on January 28, 2020, 07:07:50 PM

With the raise of DeFi and solutions like Pooltogether I wonder how I haven't seen some ETH casinos with good reputation where you can simply connnect your wallet via metamask and play games.

are there solutions like that alreadyor nobody came up with it?

I've seen various projects like that, but they tend to be short-lived. For one, Metamask had some stuff about banning Ethereum applications (not sure whether this is currently the case, but talks have made things uncertain anyway). Another problem is that using Metamask is not user-friendly from my personal experience. It's not that easy to figure out how it works, to make everything right so that smart contracts work. Some casinos offer alternatives, but I don't think they are better. I can't name a single Ethereum smart-contract-based casino right now, even though I've seen plenty. It seems to me that it's easier for people to give their money to reputable casinos in easy ways than figure out the smart contract stuff.

Lucasgabd

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Quote from: Docnaster on January 30, 2020, 01:44:02 PM

There are a huge amount of solutions like this already, but not many of them have risen to prominence simply because nobody wants to pay a transaction fee for every single bet.

Instead, casinos would rather than you connect via metamask, then have you deposit to your casino account balance, that way they can complete the bet off-chain without racking up transaction costs.

The only way you could really get around this is by using a cryptocurrency that has a nearly instant transaction speed, with free transactions. Something like Dash or IOTA could work, but they're not smart-contract capable.

can you number some of the solutions already on the market?
I searched it but couldn't find.

fees are quite small, specially if your betting amount is higher than 10 usd.

cheaper fee for an ETH transaction atm is 0.004 USD.
kinda fine, isn't it?

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Quote from: alani123 on January 30, 2020, 05:04:41 AM

Quote from: Ucy on January 30, 2020, 04:02:45 AM

Quote from: alani123 on January 29, 2020, 05:31:32 AM

Decentralization doesn't add any notable perks to gambling in my view.
Provable fairness is already the best way for casinos to prove to their players that any amount wagered in their platform goes through a process that ensures the generation is random and not rigged by the house. To add decentralization mostly makes things more complicated. The perks of decentralization are best experienced on projects that can tokenize part of their venture or at least in some way enjoy the benefits of their project operation through a dAPP (for example no censorship).

But so long as cryptocurrency gambling remains out of the mainstream the most part, simply using cryptocurrency helps to avoid censorship, so there really isn't a need in terms of the users benefiting.

You missed another important part of decentralized gambling: the non-custodial part. Most centralized gamblings hold your fund,which is quite risky due to the possibility of scams or hacks taking place. Reputations or license (or both) compensate for this risk though

Fair point, custodianship could be a big advantage for decentralized gambling.
In the case of decentralized casinos, the game-maker essentially promises something along the lines of: Give me money, and win or lose, you'll be able to withdraw your balance. Which is a conflict of interest, because even if wagers are provably fair, if the casino is the custodian, they have a counter-incentive from paying out large winnings.
A non-custodian solution would be the opposite, like: Player plays, and they promise that if they lose they'll pay. I think some casinos had experimented with some similar model at least for emergency liquidity. Maybe moneypot, but I'm not sure.
Decentralization wouldn't be non-custodian in that sense, but at least could remove some of the trust from the equation. Like for example using a smart contract or dAPP for locking funds and giving winnings/losses to player/casino respectively.

But OP here doesn't showcase any technologies that would enable the well-known features centralized dice sites have. I'm not sure if randomness and provable fairness could be achieved in a fully decentralized and trustless system that also enables non-custodian gambling. Maybe such solutions exist already, but at least I haven't heard of any.

I think funds in smart contracts are locked under conditions. If conditions are not met, funds are sent back to the owners... so it's still OK too call that non-custodial. Decentralized non-custodial gambling sounds OK.

Topic: ETH-based descentralized casinos (Read 523 times)