ETH-based descentralized casinos - page 2.

20kevin20

legendary

Activity: 1134

Merit: 1598

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

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 .

Installing a wallet is a one-time process. I can't see the hassle you're talking about - you need a wallet to hold your funds anyway.

And, in fact, MetaMask is available for mobile too. Here's the Google Play link to it. Mobile is the new thing now, PCs are way less used. Mobile phones are taken everywhere with us, so now it's a bad idea to create something for PC that doesn't exist on mobile too. Mobility gives innovation a higher chance of being used due to frequent usage of smartphones.

I don't see where this large inconvenience comes from. Using a decentralized casino would work just like a centralized one, the only difference being the fact that casinos would process bets a little slower. On the other side though, your funds are safe. And I see no point in using a fast casino if your funds are at risk 100% of the time.

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

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

Please write this part in any language but gibberish... I don't get a single word out of your message.

josephdd1

hero member

Activity: 1358

Merit: 513

Fair enough, I agree with the fact that decentralisation is the equivalent of provable fair, and since most casinos are built with provably fair in mind there's no real benefit to added decentralisation other than a huge spike in capital investment, and where the players don't receive any benefits either.
For matters concerning player safety, the casinos should be fully transparent and by ensuring their money is safe the casinos in turn can't take more than what the players are willing to gamble with.

In other words, introducing decentralisation would not benefit anybody and hence its a feature nobody is paying attention to. I hope these comments gave you a solid understanding that decentralised ownership isn't always valuable, especially in gambling as providers must adhere to other terms already covering customer safety/protection!

logfiles

copper member

Activity: 2170

Merit: 1827

Top Crypto Casino

Gambling or casino Dapps based on ethereum network are not popular probably because of Network clogging that happens to Ethereum at times which makes it less fun. If you want some good popular casinos, you may have to look into EOS or TRON based dapps since they are more favorable.

Check out https://dappradar.com/and confirm for yourself that Ethereum based dapps have much lower 24 volume, Transactions and number of users as compared to TRON and EOS network based dapps.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

From all of those years with the emergence of ICOs and even during the bull run.

It's simply that casinos like that isn't the taste of the majority.

royalfestus

hero member

Activity: 2464

Merit: 519

Thats the only thing I hate about the bear market, since the price of all project had gone down so his the hype of all project with cryptocurrency both online and on-ground project. They can only get back to life when the rally starts and they are producing profit for every one. sadly there is assurance that the parabolic wont happen again and all crypto will go where they were. Casino is doing great on-ground than expected.

seoincorporation

legendary

Activity: 3346

Merit: 3130

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?

That solution is called 'Onchain' gambling, and isn't a decentralized option because casinos must be a registered business to run under the law. But at least that solution let us bet from our wallet.

A good example of an Onchain game (For bitcoin) is classic.luckyb.it in that site you place a bet sending a bitcoin transaction, and you get a transaction back with your bet result.

Docnaster

hero member

Activity: 1638

Merit: 576

Leading Crypto Sports Betting & Casino Platform

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.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: coinfinger on January 30, 2020, 01:10:58 PM

Quote from: Cherylstar86 on January 29, 2020, 05:48:14 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?

Ethereum contract is very secure in terms of casino gambling games mode of transactions on a desired games. Metamask is one of the best wallet which can be applied as direct deposit towards the site. This is somewhat interesting for all players who finds an assurance for their funds.
For now I don't see any plans yet, but hopefully someday there will be one casino who can start this type of wallet integration.

Even now, there are a number of casinos which do accept etherum and run with metamask but those were been listed among the scam projects which would risk the money of the gamblers. Etherum is really a good coin but I have not yet seen it to be used on a maximum scale of graph onto the gambling platforms.

Some platforms support etherum deposits but in order to play any games onto the platform, we are required to convert those eth into the common coin for the platform. Also newly emerging gambling platforms are busy creating their own network of coins so they never consider etherum network to be used.

scams ? aw . that must be the reason on why there are few to none decentralize gambling site but most that we saw now are always centralized . eth is accepted on majority of the gambling sites and of the coin that is being used to by many gamblers . once a gambling site accept eth , you arent require to convert it to play but there are site that has a conversion service where you can convert your eth to other coin or other coin to eth , if that is what you want .

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: Cherylstar86 on January 29, 2020, 05:48:14 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?

Ethereum contract is very secure in terms of casino gambling games mode of transactions on a desired games. Metamask is one of the best wallet which can be applied as direct deposit towards the site. This is somewhat interesting for all players who finds an assurance for their funds.
For now I don't see any plans yet, but hopefully someday there will be one casino who can start this type of wallet integration.

Even now, there are a number of casinos which do accept etherum and run with metamask but those were been listed among the scam projects which would risk the money of the gamblers. Etherum is really a good coin but I have not yet seen it to be used on a maximum scale of graph onto the gambling platforms.

Some platforms support etherum deposits but in order to play any games onto the platform, we are required to convert those eth into the common coin for the platform. Also newly emerging gambling platforms are busy creating their own network of coins so they never consider etherum network to be used.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: stomachgrowls on January 29, 2020, 05:30:11 PM

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?

Check out these listing sites.

https://www.castlecrypto.gg/ethereum-games/
https://egamers.io/blockchain-games-list/

yes, I'm fammiliar with blockchain games but talking more about casinos atm.

Quote from: Heartilly on January 29, 2020, 05:49:46 PM

This was an easy task to do for an ETH specialist if they will put time here. The problem is gamblers don't like to make things more complicated if they will just want to gamble. The one that will just benefit here is those who are blockchain enthusiast and cares for decentralization.

Not all crypto-gamblers are die-hard blockchain enthusiasts. Some of these gamblers are already a gambler outside crypto and just switch into crypto-form of gambling because they see more convenience here compare to fiat.

totally agree with your point
but maybe they could do it with a nice onboarding system that is non-technical
kind like what Axie Infinity is doing where you can simply register with an email and is ready to play.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

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.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

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

Heartilly

sr. member

Activity: 697

Merit: 253

This was an easy task to do for an ETH specialist if they will put time here. The problem is gamblers don't like to make things more complicated if they will just want to gamble. The one that will just benefit here is those who are blockchain enthusiast and cares for decentralization.

Not all crypto-gamblers are die-hard blockchain enthusiasts. Some of these gamblers are already a gambler outside crypto and just switch into crypto-form of gambling because they see more convenience here compare to fiat.

stomachgrowls

hero member

Activity: 3010

Merit: 794

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?

Check out these listing sites.

https://www.castlecrypto.gg/ethereum-games/
https://egamers.io/blockchain-games-list/

DoublerHunter

hero member

Activity: 2590

Merit: 644

I still remember the days where I invested in an ICO with ERC20 Token based but the project did not go through as expected. That is when I learned that not every good project really goes through. Decentralized Online Casino site is a good idea. However, the tokens are intensively monitored by online asset regulators. Centralized casino's only advantage is that they have a higher reputation for the existing decentralized casinos. Maybe it is the reason why decentralized Casinos are not making it to the top and couldn't surpass the centralized Casino.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Interesting to see the attention this topic got.

so, to clarify:
Metamaks is quite easy to use and would definitely be a good option for connections
right now there are more than 100 tokens basd on ETH including some pretty solid reputation projects like BAT.
I don't see why this would be a problem.

plus: itcould also accept other coins as a deposit but then we hava a greater barrier for descentralization and greater need for security.

also: how would it be non-custodian?
atomic swaps?

Quote from: leea-1334 on January 29, 2020, 07:59:54 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?

Well, actually there have been many in the past I remember even in 2017 we had cryptokitties already right? Or was that 2018? It used Metamask, you only needed to connect, and every other game type has been similar since that is exactly how Dapp operates. Check our TRON dapps and EOS dapps many games are like this.

I'm talking a bit more about gambling/casino/poker structure
but yes, the structure on the mentioned dapps could be simmilar to the one I'm talking about.

was thinking about Fulcrum as well.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

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?

Well, actually there have been many in the past I remember even in 2017 we had cryptokitties already right? Or was that 2018? It used Metamask, you only needed to connect, and every other game type has been similar since that is exactly how Dapp operates. Check our TRON dapps and EOS dapps many games are like this.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

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?

Ethereum contract is very secure in terms of casino gambling games mode of transactions on a desired games. Metamask is one of the best wallet which can be applied as direct deposit towards the site. This is somewhat interesting for all players who finds an assurance for their funds.
For now I don't see any plans yet, but hopefully someday there will be one casino who can start this type of wallet integration.

judeafante

sr. member

Activity: 2254

Merit: 258

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?

We can only speculate, but I guess there is no need on that because the competition in the gambling is very stiff, it will only target people in the Ethereum community, and not on the whole gambling community, it is still a good option to have as many coins that gambler can use in a gambling site, so even if he doesn't have an Ethereum he can opt for a different coins.

hello_good_sir

hero member

Activity: 1008

Merit: 531

There are already solutions. However, I'd say that none of them currently are as popular as their centralized counterparts.

It's simply because having a central entity helps in the sense that essentially, you are able to create a community much better. Sure, a decentralized alternative may see better house edges or odds or whatnot, but it lacks the feel of a true casino - it's just you versus a script, with no one watching.

There's barely any promos, games & rounds, etc. which explains the lack of success that these decentralized sites/tokens have.

Topic: ETH-based descentralized casinos - page 2. (Read 523 times)