How Blockchain Ecosystems May Change the Face of Online Gambling

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-online-gambling/

definitely adapting and changing for the current situation is important if the block and system will support a future development of camping it will always needed to be developed so it is the thing that we have to follow from a long period of time and it is the good thing also for gambling.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Bitinity on April 09, 2019, 11:53:20 PM

First of all this should be at Gambling Discussion (reported).
It is basically the main advantage of blockchain based casino compared to traditional casinos. The use of provably fair system for the result gives players more confidence to play because it is verifiable so it will be easy to know whether the site is cheating or not. On other side, traditional casino(land based casino) or even fiat gambling site with no provably fair system is still being used many many people in this world. Smart gamblers needs to leave those casinos with no provably fair system imho. Once the traditional casinos noticed why most gamblers are moving to blockchain based casinos then I believe that traditional casinos will start to adopt the blockchain technology to be implemented on their games.

That is the major advantage of online casino operated by blockchain technology. We can easily detect the provability of their system.
Conventional casinos are now getting the grasp that sooner or later, this will be their major competitor in terms of generating income.
But at the moment, they need to enjoy the luxury of this business. Many gamblers are not yet oriented with blockchain technology.
But once they learn the ins and outs of using crypto in online gambling, it would be interesting to know what it would be like inside the traditional casinos.
Would the number of people be the same as it was before? Would it affect the operations of traditional casinos?

shoreno

full member

Activity: 1750

Merit: 118

Quote from: rizkyhiw on April 11, 2019, 03:20:31 PM

Addiction cannot be changed because it is related to one's personality in,

You got a point but its not about the addiction that will change once gambling integrate with blockchain . its about the fairness and the look or the style that will be noticeable .

Blockchain is really changing the gambling industry because alot of user are now interested to play gambling online compare to the traditional gambling sites because they can now easily deposit and withdraw their funds anonimously with the help of crypto of course .

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Online gambling are the next improvement needed to be gamble every time because it need to be more mobile friendly with easy interface only the people will attract an get addicted to it when everyone has to be invested clear the gambling field is highly developed and the ant and gambling are the more attractive than any type of gambling.

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Addiction cannot be changed because it is related to one's personality in, it is very difficult to talk about addiction and fraud because it can still be done anywhere, anytime and as sophisticated as it is, hopefully it can be changed quickly by finding a very good anticipation, then we just waiting when it appears in gambling to overcome all the problems that exist today.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

Blockchain technology will certainly play a major role in the future of online gambling.

Gamblers are apparently driving blockchain adoption
https://coingeek.com/gamblers-are-apparently-driving-blockchain-adoption/

cryptjh

full member

Activity: 532

Merit: 187

For this to work you will be needing a lighting fast blockchain, players need to be able to make a new bet each second, so the blockchain needs to be so fast that theirs no waiting time. I don't think the ETH blockchain is the correct blockchain for so fast transactions. I think the EOS blockchain would be a better guess for fast smart contracts.

scambust

legendary

Activity: 1652

Merit: 1007

Quote from: Ucy on April 11, 2019, 12:57:38 PM

Decentralized gambling will certainly solve the problem of fraud and lack of transparency in gambling. We still have a long way to go before it becomes very usable

The blockchain technology will get there. In fact a lot has changed since 2014, no one has a clue how programmable elements can be placed in a blockchain back then. Now's it's a reality

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

I feel like this article is nice but late for a couple or years at least. Blockchain has already changed the gambling industry. The article is right that the fairness of the game is an important feature, but while the article mentions a problem of gambling addiction at the beginning, blockchain does not help with it in any way. As for other advantages of blockchain, one does not have to meet real and potentially criminal people to practice the skills or to try luck at gambling. Privacy is another thing, but it can be thought of as both an advantage and a disadvantage.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.

Don't you have anymore topic to post on CoinIdol?

These problems doesn't only focused on Blockchain ecosystem on where these crime area do already exist since the beginning of gambling things.
Committing or creating crime is a significant effect for those people who do let themselves attached to addiction and it hasn't change at all even on online matter.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Decentralized gambling will certainly solve the problem of fraud and lack of transparency in gambling. We still have a long way to go before it becomes very usable

carter34

member

Activity: 1302

Merit: 25

Quote from: Naida_BR on April 10, 2019, 03:29:02 AM

Online gambling can reform the industry but in a positive manner for the gamblers' side.

Online gambling can still be rigged or manipulated if it is not built on blockchain where every aspect of its game is coded, secretly formulated both in starts and outcome.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

From what I understood, it's like a transition from traditional gambling to the online age and having that, there would be no physical criminal acts. If that's what you are trying to say, then I don't agree completely because as a matter of fact, there are more people doing traditional gambling, knowing that they are capable of controlling people in real life. Physically, it's going to be like that always, the online stuff won't be the main gambling way, still the land-based.

This is a great read associated with crimes and gambling. https://www.casino.org/blog/why-is-gambling-associated-with-crime/

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: virasog on April 10, 2019, 06:37:48 AM

Quote from: imstillthebest on April 10, 2019, 05:02:33 AM

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

Gambling has always been a very profitable venture,

profitable venture ? for gambling owners maybe but for the gamblers no i dont really think so .

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime.

not only gambling owners but gamblers do also experience a problem when using a gambling site . gambling owners are not the one that can cause addiction but the gamblers are because a gambler are the ones that play the game not the owners .

on the other hand . blockchain ecosystem do help change the way gambling was . by using blockchain , users can feel confident that a gambling site is fair .

Online gambling is more profitable for the casino owners as they do not have to spend any cost on maintenance of physical location or staff. They only need to open a gambling website and also do not need any sort of physical location. Now with bitcoin / Blockchain , people can hide their identity and still play gambling.

When it comes to expenses between online and physical ones then theres no doubt that online do really have much lesser yet you arent arranging many things.
Even though it is still much riskier or prone to hacks and possible exploits if your sites security is compromised.We have seen on how Blockchain do affect gambling industry and its booming
as the years pass by.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: imstillthebest on April 10, 2019, 05:02:33 AM

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

Gambling has always been a very profitable venture,

profitable venture ? for gambling owners maybe but for the gamblers no i dont really think so .

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime.

not only gambling owners but gamblers do also experience a problem when using a gambling site . gambling owners are not the one that can cause addiction but the gamblers are because a gambler are the ones that play the game not the owners .

on the other hand . blockchain ecosystem do help change the way gambling was . by using blockchain , users can feel confident that a gambling site is fair .

Online gambling is more profitable for the casino owners as they do not have to spend any cost on maintenance of physical location or staff. They only need to open a gambling website and also do not need any sort of physical location. Now with bitcoin / Blockchain , people can hide their identity and still play gambling.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

Gambling has always been a very profitable venture,

profitable venture ? for gambling owners maybe but for the gamblers no i dont really think so .

Quote from: Vladdirescu87 on April 09, 2019, 04:45:08 PM

provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime.

not only gambling owners but gamblers do also experience a problem when using a gambling site . gambling owners are not the one that can cause addiction but the gamblers are because a gambler are the ones that play the game not the owners .

on the other hand . blockchain ecosystem do help change the way gambling was . by using blockchain , users can feel confident that a gambling site is fair .

Naida_BR

member

Activity: 980

Merit: 62

I have a relative that works in a local casino and he advises me not to ever play in a casino because the whole gambling system is rigged.
It is more advised to gamble in online casino that it is built on a blockchain because it is more fair that the real casinos. Online gambling can reform the industry but in a positive manner for the gamblers' side.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Online gambling has boomed these last years and with introduction of crypto even more.You don't risk to get involved in a fight for little or no reason when playing from home which can happen if you are playing in a real casino.

You also have little chances to become addicted as your wife or parents may see at some point what you are doing and help you, when you play in real casino you spend hours away from home thus increasing chances to become addicted.

There are other advantages like better privacy when playing from home.

alisafidel58

full member

Activity: 364

Merit: 127

Blockchain technology really innovates the fair play system in online gambling. This kind of system should also be put in a conventional casino so that the players can check every game that they play. Probably fair system is the one lacking the conventional casino and If they will implement such a system they might find more player to play in their casino.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

The internet was given a big impact not just on the gambling business but also in other business. And if before we knew the internet, some of us gamble on the traditional gambling places or visit on some country to just playing gambling, now with the internet available in everywhere, we can visit the online gambling without leaving our home. We can easily to access the gambling website without a problem, and if our country has been blocked gambling, then we can search the other way to gamble.

Bitinity

legendary

Activity: 3066

Merit: 1312

First of all this should be at Gambling Discussion (reported).
It is basically the main advantage of blockchain based casino compared to traditional casinos. The use of provably fair system for the result gives players more confidence to play because it is verifiable so it will be easy to know whether the site is cheating or not. On other side, traditional casino(land based casino) or even fiat gambling site with no provably fair system is still being used many many people in this world. Smart gamblers needs to leave those casinos with no provably fair system imho. Once the traditional casinos noticed why most gamblers are moving to blockchain based casinos then I believe that traditional casinos will start to adopt the blockchain technology to be implemented on their games.

nauane

full member

Activity: 322

Merit: 101

Quote from: Ailmand on April 09, 2019, 09:30:04 PM

It is true that real life gambling and online gambling can be different in terms of fairness. However, each has different positive and negative traits. Real life gambking can easily be implicated by either rigging the games so that players has lower chance to win. In online gambling they use provably fair system and use algorythm to let the players now it was fair. Good article to read. Thanks for sharing.

Every system has pro (advantages) and cons (disadvantages) and it is difficult to assume that since online system cannot be fair, so it is not good. There are many online gambling site which have thousands of users who play there and trust their system too.

The next step for Blockchain Ecosystem is to introduce decentralized gambling.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

It is true that real life gambling and online gambling can be different in terms of fairness. However, each has different positive and negative traits. Real life gambking can easily be implicated by either rigging the games so that players has lower chance to win. In online gambling they use provably fair system and use algorythm to let the players now it was fair. Good article to read. Thanks for sharing.

Vladdirescu87

sr. member

Activity: 966

Merit: 264

Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-online-gambling/

Topic: How Blockchain Ecosystems May Change the Face of Online Gambling (Read 313 times)