Fiat-betting to crypto+betting - page 7.

Naficopa

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Quote from: Bushdark on October 25, 2021, 06:17:54 PM

@Naficopa: tax avoidance is not in my book. Anonymous can be in any form. I know many betting site that slightly encourage slight kyc like phone number. Sooner kyc may be knocking on our doors. Who knows what can happen next.

I didn't mean to encourage tax avoidance, but I think anonymity can be encouraging for many people.
Certainly, introducing verification in small steps will be practiced. Bookmakers realize that by introducing a verification order overnight, especially in crypto, they will lose a very large proportion of their users, if not the majority.

Bushdark

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@shield132: you know cypto betting has more games than fiat for easy maneuver. Some crypt betting site does not have a limit of deposit. It makes you gamble to your satisfaction while Fiat betting is always on watch. There are more to crypto betting if not, read through.

@Naficopa: tax avoidance is not in my book. Anonymous can be in any form. I know many betting site that slightly encourage slight kyc like phone number. Sooner kyc may be knocking on our doors. Who knows what can happen next.

shield132

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now. The regime of Bitcoin has made online transactions easier for everyone.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

I would say - nothing dramatic. I don't know where you are from but I can definitely say that it wasn't hard for anyone to gamble online. Well, at least in my country it was as easy as ABC and the casinos were putting all the efforts to make gambling available for everyone and it was very easy to make deposites in casinos. You could pay with almost any card, you could fill any casino account with any local Payment Kiosks. These casinos even created their own anonymous cards for gamblers and people are able to withdraw money on that card and pay at grocery stores, withdraw from ATM without fees, etc. My country is really heaven for gamblers.
The only benefit that crypto bought into gambling is some very unique games like Dice, Bustabit, the possibility to bet 1 satoshi that's equal of 0.0001 USD and even lower, depends on the price of bitcoin.
Also, another advantage can be the reward system that freebitco has with their supported FUN token.

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Quote from: goinmerry on October 25, 2021, 03:01:47 PM

Is it really necessary to discuss the advantages of crypto betting over fiat betting? For what? Encouragement?

Remember not all gamblers are crypto-oriented and simply just don't want to crypto. It will be biased if we will just push our own preferences to them. As long as gamblers are enjoying advantages at either fiat or crypto betting, that's what matters.

Choose what you preferred, simple as that.

I don't understand why you are actively promoting one of the biggest crypto casino and sportsbook, if you don't like crypto gambling and don't see how it's better than fiat one. This gambling platform is fully committed to crypto gambling and doesn't even offer to bet with stable coins, then members of its community are mostly crypto fans. Moreover fiat gambling operators don't need publicity they are already everywhere on internet and in real life.

Bushdark

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@harizen: The question is general not direct to you. Remember that the aim of crypto is for fast and anonymous transactions but scammers and money mongers turn the plat to satisfy themselves trashing the objective. Life has to be balance.

Note: if the number of positive charges is not equal to negative charges then the objective is half filling. Bad eggs are everywhere. Why government makes law that affect everybody? So everyone suffers. Who cares

Naficopa

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Quote from: Bushdark on October 25, 2021, 05:39:04 PM

@Naficopa: Anonymosity makes crypto betting interesting. Increases the vibe to bet more.

I don't know exactly what you mean, but for me, anonymity is more like tax avoidance. But you are right, it also allows us to bet more. Wink

Quote from: Bushdark on October 25, 2021, 05:39:04 PM

@harizen: If you have a gambling site, will you allow kyc? Those that make kyc mandatory are not yet in the game. Main aim of Bitcoin is anonymous identity so why kyc. Government are coming. They want to control crypto same way they control Fiat. Pilot your ship and ignore them like a pot hole.

We as players can ignore this until we have a choice and there are casinos on the market that do not require KYC verification.
Governments, however, will be pressing more and more, and if the casino wants to keep its license sooner or later it will have to make verification.
Probably the only option for us will be casinos that will work without a license, but then we will also have to take into account the risk of being scammed.

harizen

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Quote from: Bushdark on October 25, 2021, 05:39:04 PM

@harizen: If you have a gambling site, will you allow kyc? Those that make kyc mandatory are not yet in the game. Main aim of Bitcoin is anonymous identity so why kyc. Government are coming. They want to control crypto same way they control Fiat. Pilot your ship and ignore them like a pot hole

Why asked that question for me? In the first place, it's not what I mean to my subject.

First of all, gambling sites within the crypto world "should not" have KYC terms. I'm vocal about that since then and in case my preferred gambling sites ask for mandatory KYC, I will not use them anymore. I mentioned that several times before.

And for your question why the government is coming is because people themselves are seeking help from the government in case of a money-laundering regarding their crypto-transactions. A good example is the crypto exchange. Before, most exchanges don't have a forced KYC for their users but today, almost all crypto-exchanges do have that mandatory requirement. Some gambling sites are now also asking for KYC if their account got flagged or having a big win. With that cases, we can't expect that we can still feel the full privacy and anonymity using crypto-gambling platforms.

agustina2

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

The regime of Bitcoin has made online transactions easier for everyone.

I'm with bitcoin, I'm with crypto betting but it's more convenient to make deposits on fiat gambling sites and all need is 1 click. Fees are also cheap compared to paying with crypto. Maybe it will be solved if some gambling sites will cover most coins like the popular ones are doing currently.

The only advantages of crypto are anonymity and privacy and that's what most gamblers want. But in terms of online transactions, crypto is still far from taking over the fiat payment transactions in terms of convenience.

Bushdark

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@Naficopa: Anonymosity makes crypto betting interesting. Increases the vibe to bet more.

@harizen: If you have a gambling site, will you allow kyc? Those that make kyc mandatory are not yet in the game. Main aim of Bitcoin is anonymous identity so why kyc. Government are coming. They want to control crypto same way they control Fiat. Pilot your ship and ignore them like a pot hole.

@Vaskiy: All points mentioned? We are walking to the promised Land.

Naficopa

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Quote from: harizen on October 25, 2021, 05:18:33 PM

Quote from: Bushdark on October 25, 2021, 04:42:52 PM

@harizen: The government may later come after crypto betting with kyc but I know there will be some platforms that will need no kyc. Government are stubborn but with time, crypto will be everywhere.

It's expected and the fact there are gambling sites already that imposed a mandatory KYC. Game license providers are the ones being pressured.

Everyone should be ready for that. It's just unfortunate that we might not soon experience the very first reason why we choose crypto-betting. But today, just enjoy the privilege and perks we are experiencing playing in our favorite crypto-gambling sites.

Despite the pressure of the authorities to have everyone pass KYC verification, I think there will always be an anonymous casino on the market that will not require verification. Governments will probably want to eliminate anonymity from cryptocurrencies completely, but I don't think it will ever be 100% possible.
Certainly, anonymity is the advantage that sped up crypto gambling the most.

Vaskiy

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All the points mentioned in the opening post was prevailing years and years back. This has seen gradual transition with time. Initially more gambling houses got licensed. This made the long queue shortened. Later the bookies gave more easier access. Later the online payment service made the gambling more efficient. People expected even better access and the cryptocurrency betting evolved. This is a long time process and this won't get stopped. The transition keeps on in different forms.

Bushdark

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@Stedsm: Fiat betting sites are suffocating now. Many gamblers have left Fiat betting site to avoid big fee that is charged mostly when there is no competition. Crypto is changing the gambling world making it easier and better for you and myself.

@ Slow death: Everything in crypto is advantage. You are betting and at the same time holding. If the market spike, you win more. If market falls, you lose little and bet more to win big if your luck shines. Summary, crypto is king while Fiat is queen.

milewilda

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Quote from: Slow death on October 25, 2021, 05:04:18 PM

there is another big advantage of cryptocurrencies which would be:

when a person bets 0.001 BTC and the bitcoin exchange is at $30,000, then the person wins a bet and have 0.002 BTC and after a few months the price rises to $60,000 the person manages to make a profit with a bet and still profit with bitcoin increase, this in my opinion Is fantastic

One of the benefits that you could get is that on the time you do make out some gambling here on crypto at the same time those money/coins you had accumulated could possibly able to increase up
even more if you do tend to hold then the more profits you could get aside from gambling but well it isnt really that ideal to combine or collide up gambling activity into investment because
this is something different and people wouldnt really be minding that area if they are playing on or with gambling. Crypto is much preferable because of anonymity
and the easiness of accessing those sites.

harizen

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Quote from: Bushdark on October 25, 2021, 04:42:52 PM

@harizen: The government may later come after crypto betting with kyc but I know there will be some platforms that will need no kyc. Government are stubborn but with time, crypto will be everywhere.

It's expected and the fact there are gambling sites already that imposed a mandatory KYC. Game license providers are the ones being pressured.

Everyone should be ready for that. It's just unfortunate that we might not soon experience the very first reason why we choose crypto-betting. But today, just enjoy the privilege and perks we are experiencing playing in our favorite crypto-gambling sites.

Naficopa

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now. The regime of Bitcoin has made online transactions easier for everyone.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

I agree with everything you wrote and I also think that gambling is one of the industries that have developed the most thanks to Blokchain.
In my opinion, the most important thing Blokchein gives gambling is the ability to play fair and check every draw.
The second most important thing is simply anonymity.

Slow death

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there is another big advantage of cryptocurrencies which would be:

when a person bets 0.001 BTC and the bitcoin exchange is at $30,000, then the person wins a bet and have 0.002 BTC and after a few months the price rises to $60,000 the person manages to make a profit with a bet and still profit with bitcoin increase, this in my opinion Is fantastic

Bushdark

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@gagux123: Many may be afraid, why? They lack knowledge that is why they think Fiat is the best. Have a taste of another food and speak the best. If you want to publicize about crypto, enlighten me too. Learning continues.

@Saint-loup: Lolzzzz I don't care if the government choose to tax us more. What happens to the tough? ...keep going!

Stedsm

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I used to gamble on very few websites which allowed me to deposit fiat but with hefty fees (as I belong to India) and I was required to pay those high fees to gamble. But nowadays, those fees in fiat are also slashed down very much due to crypto being the second major option as funding in gambling.

And not just that, even crypto gambling websites allow me to deposit via fiat directly without any fees and I get to see the funds in my account almost instantly. Crypto has changed the look of gambling industry in an immense way.

gagux123

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Quote from: goinmerry on October 25, 2021, 03:01:47 PM

Is it really necessary to discuss the advantages of crypto betting over fiat betting? For what? Encouragement?

Remember not all gamblers are crypto-oriented and simply just don't want to crypto. It will be biased if we will just push our own preferences to them. As long as gamblers are enjoying advantages at either fiat or crypto betting, that's what matters.

Choose what you preferred, simple as that.

Well, I still think it's valid for us to discuss these kinds of things. Of course, many things are obvious, others are not.

With the popularization of crypto, many people are migrating from gambling in FIAT to crypto (of course not all, but we have a significant portion).
Another point that I think is valid, not all people like crytpo gambling, they may prefer gambling in fiat, because of the convenience and because they already know how everything works.
There may be people who are afraid to use crypto gambling and it is at this time that I find it interesting to explain and publicize the positive and negative points of crypto gambling.

Saint-loup

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Quote from: Fortify on October 25, 2021, 02:32:32 PM

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now. The regime of Bitcoin has made online transactions easier for everyone.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

I'm not sure what point you're trying to prove really but it seems like either your country has made fiat gambling illegal (in which case cryptocurrency betting would be off limits to you technically anyway) or you are blissfully unaware of the hundreds of online fiat betting sites out there. In my country local currency betting has been online long before Bitcoin ever existed and the games are probably much the same as you see these days. There's obviously been upgrades in graphics, variety and convenience has improved - but it's been going for decades now. I think you are stuck in the mindset that only cryptocurrency or real world casinos exist when this has never been the case.

You didn't get his point obviously : cryptocurrencies are incensurable bro. So even if his government wants to prohibit him from betting, or to put high taxes on gambling. Bushdark doesn't care. He can use an offshore crypto casino or sportsbook to bet as much as he wants without worrying about his authorities.

Topic: Fiat-betting to crypto+betting - page 7. (Read 887 times)