Topic: Four reasons that cryptocurrencies will revolutionize the online casino industry - page 3. (Read 18752 times)

I think the anonymity that will help people to stay behind the wall especially if they want to play gambling. they don't have to send any document for just playing gambling. there are many gambling websites that allow them to start to play the game after they register and they can feel safe for playing in that game. they can still hide in their home, using the VPN, and play the random game without any people knows.

I think most of the gamblers that always play doesn't bother what Bitcoin or basically cryptocurrencies in general. Probably they are too addicted that they don't care with it and just focus on gambling. I think there are people right that. The anonymity is definitely a factor but the registration and KYC make you known. So it's almost the same.

That is because crypto currencies is not that popular with a lot of gamblers though the popularity of gambling with crypto currencies is improving and developing since there are a lot of gambling sites now that is accepting this crypto currencies.

With it's decentralization and anonymity, a lot of gambler are in favor of using Bitcoin to gamble. Who would not want to gamble and spend money without knowing who is that person spending it, right? But always be careful and responsible on betting and gambling your money.

If you choose to gamble with fiat then one need to deposit money using their bank account or credit card means disclosing your identity to a casino. So if gambling is banned in your country then it may bring you some issues from government authorities. This is the reason crypto online gambling is growing so fast over fiat online gambling. So far I never gambled online using fiat but now and then gamble with bitcoin or other altcoins.

Hey OP, you are mentioning about the future revolutions but I am seeing all these are already happening with crypto based gambling industries as cryptos are almost 9 years old and if my memory is good, cryto based gambling is also serving us for the same amount of time and getting revolutionized day by day and honestly I am not getting surprised on the four things you took for considering on evaluating the revolution.

Compared to early 2000, now many of my friends are into gambling and other known people who are from gambling forbidden country, now enjoying gambling just due to crypto based gambling's evolution along with providing the at most anonymity and the features of gambling from home convenience. In near future, we may expect more such development to continue and this may help cryptos to each more people also gambling industry will move up to next level of development especially with gambler friendly enhancements.

Yeah same here, in my country indonesia also banned all gambling activity. That's why people here gamble on online gambling. Online gambling is popular here, not only on cryptocurrency but fiat online gambling also popular.

As I am from India, it is illegal to gamble here. Even though there is no specific laws to frame online gambling, people are scared to expose their identity. Crypto currencies are really helpful to be anonymous. Moreover, fast withdrawals and convenience are bonuses of using it.

Your last statement is not so clear as it seems to this topic. Im guessing you mean that they get in fact addicted just because you have alot more options to gamble with, meaning, a more diverse way for betting by having a much wider possibility on using all your current cryptocurrency portfolio. And by that you mean they will most likely get a bigger addiction by having fun using all their "current" cryptos

This is the maximum reasons due to which the trend has increased of using the crypto currency and also it can be used from anywhere and any part of world you can gamble and during anytime. This gives them the gambler the advantage and also getting addicted gets higher and this is what the owners of the casino require.

I've really enjoyed your article / review.
And let's face it. It's just the "easy" better way to get all sources of incomes.
By diversifying you will be able to get more income / trades / exchanges and so on.
Even real world is valuating crypto even more and use those topics for their own technologies

What i mean to say is, it's all for the incomes of such Casino sites. Being the best out there with the best "revolutionization" that can achieve / show to Clients such as ourselves.
All Casinos follow the same standards and that's where your 4 reasons come into place.

So isnt the solution to require confirmation then.  If BTC payments is requiring instant betting and cannot wait for confirmation then its probably not suitable for all bet sizes and probably another type of blockchain would be used.   Still seems feasible otherwise.

Gambling was and in a large part of why crypto has genuine cash flowing through it not just speculation.  I do think this kind of online digital economy is most relevant to Bitcoin, rather then anything based around physical goods.   It could also be tied to trading of digital goods especially where those goods are subject to large price changes and the volatility of BTC pricing is not such a challenge

Well, for one cryptocurrency allows for great flexibility while simultaneously maintains anonymity and sometimes this is exactly what some gamblers want.

Yes, those quoted by Op were the key factors making online casino industry flourish with cryptocurrency. Gambling industry has a big role in the growth of cryptocurrency, in specific with the growth of bitcoin. Because, during the early days of bitcoin it was mainly used into gambling and later the usage got diverted to different forms.

You have raised some valid scenarios that are hard to ignore but most of the position you have maintained would only be possible if there is no human element involved in the process in that all of the processes are automated without human intervention but that is not the case as follows

The bolded won't be there for long for one reason is the gambling world of crypto currency is everyday infiltrated by people who want to hide under the anonymity to perpetuate fraud because of this players would need protection and that would come as a result of ensuring the gambling sites have legit license to operate. In other to acquire such licenses, they would be forced to implement KYC rules and the users would be forced to settle with bad of two worse situations.



Here, its not always the case every time and that is why there are always scam accusations of delayed withdrawals in a case of withdrawing huge amount after winning such. There is always a review of whether the funds was won the right way while some are locked for security reasons to ensure the platform is not used to launder crypto currency.



This is where the issue is because gambling sites that claim to be provably fair are only believed to be so. No authority to actually ensure that this is what is really happening except once in a while that someone took it upon himself to use mathematical equations to test the provability that have been claimed.

Great point!

I am not the expert but as far as I know, as a merchant, they should be able to choose to refuse incoming RBF enabled transactions. I've  read somewhere that's possible but again I am not sure. If RBF was the reason like you said, then it is a shame... I hope they return to the business with a Lightning enabled automated system. That would be the coolest shit.

You haven't understood my point for sure! What I have said that the KYC requirement doesn't depend on the method of payment of the casino. It entirely depends on the requirement of the country from where the casino is being operated. I am excluding the casinos built by the school kids here because they don't fall in to the serious business category. But if a serious and professional crypto casino is being operated from Italy and If the local law of Italy requires KYC of the participants, the Casino owner will have to comply with it! It really doesn't matter whether that casino accepts fiat or cryptos.

Correct, KYC depends on the laws not on the casino itself or the form of payment, the only advantage of cryptocurrencies in that aspect is that if the casino does not require KYC and you use bitcoin then they cannot identify you the same way they could do it if you used a credit card, but the advantage is not as great as described in the post of the OP.

Personally I think that what we are going to see is a slow fusion of traditional online casinos and bitcoin casinos, they grew apart but eventually more casinos will begin to accept bitcoin as a form of payment and some of the bitcoin casinos are going to be bought by some traditional online casinos and so the line between fiat and bitcoin casinos will be blurred even further.

On the other side of the note, the economy of traditional fiat casinos whether online or physical, is still blooming up to these days even there's no such thing as anonymity. That's because gamblers have an assurance that in case of fraud, the company can be sued legally. Or if some gamblers did some shits around, they can be tracked down and be penalized.

In crypto, gamblers can start right away even without verification. But don't be carried away with that advantages. Even no assurance that everything will goes right on the way, always choose a crypto gambling site wherein already established as a good and reputable site in crypto gambling world to minimize the risks of getting fu**** up.


Regulated online or physical casinos are under the terms of having a fair gameplay. They are under the jurisidiction of gambling law of the country. Most of them will not be running until now if there are anomalies.

However no doubt that playing in crypto house edge gambling games can be verified by anyone if they are provably fair.


That is one of the advantages when playing in crypto gambling world so no doubt that system will be more preferred in the future.

I think onehash still does that. You can just bet on anything you want and as soon as the game score is finalized they will send you your money to the address you want. That way you won't even have to sign up and create an account. I think you still can if you want but you do not have to if I remember correctly. That is exactly the way you want it to be, full on anon and no single information about you shared. You can even give your address on some other website like exchange and have no connection to the address they sent to to make it even more anon. If that's your thing, I suggest you take a look at onehash website.