Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. - page 2.

BitcoinTurk

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Quote from: nakamura12 on June 27, 2020, 05:20:44 AM

It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

Certainly, it is a very important factor that it provides all the possibilities of the service it provides to its users instead of just providing this service. In particular, if I think that the website that provides this service is reliable in the industry, I think that many users will use this service and that the website can earn extra income with appropriate commissions. In this way, both the users will not provide convenience and the website will generate extra income. Moreover, just because of this ease, many gamblers will prefer to use this website.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Ucy on June 25, 2020, 01:48:30 AM

I mean like having a feature for converting your coin to another coin and switching over to the coin with the new value... more like what crypto instant exchanges do. I guess such exchanging feature could be built into a betting site or you could use an existing instant exchange on the site via api or something.

Adding an exchange system is a different game altogether, so reasonably it is not possible for them. However they give the chance of depositing using altcoins and getting bitcoins of equivalent amount in your account using a third party service Coinswitch. Of course it is not what an exchange is but started to tide over the problem of bitcoin fees being big during congested network times.

Stablecoins may be added, as said, so it is not going to happen right away. The article as I have said, is a clickbait and I dont trust random interviews just like that because IMO they are all made to promote their own site and get more traffic there, just like any other mainstream news portal. Only the stablecoin shills are going to get happy about it.

StephenJH

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Quote from: ralle14 on June 24, 2020, 10:04:43 PM

Quote from: StephenJH on June 24, 2020, 06:32:32 PM

Having different available deposit options will be better than only BTC or altcoins deposits, maybe in the future fiat deposits will be another choice for the Stake platform. After adding sports betting, the Stake became a new alternative for high rollers and they can now take advantage of betting on juicy odds, unlike Nitrogen which loses reputation every day.

In addition to the several altcoins available the betting markets are just far better in Stake. Nitrogen is slowly failing because they remain outdated with their markets mostly limited to just handicaps, totals and moneylines.

Nitrogen is slowly squeezed out of the betting market and the downgrade is possible among crypto gamblers after all the past dramas. The slow fall will be the new opportunities for the new brands included Stake and other anonymous betting market alternative websites.

Quote from: nakamura12 on June 27, 2020, 05:20:44 AM

It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

The stake has the third-party API for this purpose, AFAIK. You can deposit the altcoins and get the BTC on Stake thanks to the available instant exchange platforms. But the rates will be lower than average market prices.

nakamura12

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It could be useful when the same site also have this feature where you can exchange the coins you own to other coins you want. I have tried exchanging to other coins on a dice site when I really don't like the fee deducted to your balance when you withdraw so I exchange my btc to eth then withdraw with less fee and saves me a lot.

Saint-loup

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Quote from: imstillthebest on June 22, 2020, 03:49:11 AM

Quote from: rdbase on June 21, 2020, 05:29:13 PM

Quote from: Saint-loup on June 21, 2020, 04:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

It would be better if they could accept Tether Gold too because stablecoins pegged to fiats are not considered as cryptos in some countries, their use can be illegal there or prone to heavier taxation.

This is the first time I have heard of tether gold before and will look into it further as I after watching a youtube video found out paxos is somewhat connected to the value of gold as well.
It is quite interesting stake has gone this route and planning to introduce a stable coin to the list of cryptocurrencies they already offer. But it offers the customer variety so it could only be a good thing to come out of it.

This is my first time hearing that coin either . Based on its name ,the coin was different from a real stable coin but it was more of a token I guess . You said it was close to gold ? So the coin is not stable if thats true . If the site only wants tether , we can't do anything about that and if tether was not legal to some country , there are still other cryptos available that this site accepts that we can use . Suggestions are always welcome to them , they can include any coins that people suggest on their next update so don't give up .

You're wrong. Gold is stable but fiats aren't anymore.
Most of moneys in the world were pegged to gold only few decades ago...

coinfinger

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Stake without a doubt is the most user-rewarding system with their VIP levels and forum based giveaways and on top they offer you weekly and monthly bonuses added to the fact that you also get to watch Eddie's stream and claim unlimited rewards every weekend.

I love how active they are and how flexible they are with their plans. I haven't read the full interview transcript but it already seems so good.

One statement I love as CEO mentioned is "Traditional casinos make it so hard to get money in and even harder to get it out.” This is actually so true because on other casinos withdrawals are manual and sometime they will ask you for ID and other shits while stake and primedice are always known for instant withdrawals.

One suggestion if I could give them was, If they could fix something for the rains spam that happens in chat because as anyone rains a few bucks guys will spam whole chat like mad and any meaningful discussion going on would be interrupted.

maxreish

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Quote from: Ucy on June 10, 2020, 03:50:00 AM

Guess you mean betting with tether stablecoin (tether betting ^)?
Well, i think it ok to have multiple coins for users to choose from, assuming the site has other cryptocoins. I wonder though if there are betting sites that have the feature that can allow players to switch between coins on the same site.

Of course they have. Using some bot to exchange different coins in stake.
At OP, i thought USDT will be added first before EOS. But seems EOS were added eventually maybe usdt in the upcoming months. If that's the case, there are more choices for the players on which coin we can play there. Having stable coin in a gambling site IMHO is a great advantage. They also added new game like slide, more games and more coins to play, more fun!

Ucy

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Quote from: 20kevin20 on June 10, 2020, 04:05:39 AM

Quote from: Ucy on June 10, 2020, 03:50:00 AM

I wonder though if there are betting sites that have the feature that can allow players to switch between coins on the same site.

PlayBetr and PrimeDice allow it, if you're talking about swapping between your balances of different coins. That doesn't mean you're allowed to exchange currencies though (on PrimeDice you can't, I'm not so sure about PlayBetr although I think they don't have an exchange feature either).

I mean like having a feature for converting your coin to another coin and switching over to the coin with the new value... more like what crypto instant exchanges do. I guess such exchanging feature could be built into a betting site or you could use an existing instant exchange on the site via api or something.

leea-1334

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Quote from: tbterryboy on June 24, 2020, 09:53:08 AM

Quote from: pakhitheboss on June 21, 2020, 06:44:53 AM

Stake.com already has integrated 8 cryptocurrencies now with the addition of Tether it will have 9. Since Tether is a stable coin the actual earning will be pegged to the correct dollar value. Which is good as the dollar value never remains the same when you are betting with cryptocurrencies.

I actually don't think changing and adding more crypto adds as much value as much would adding new games and new bonuses will add but yeah having more currencies is always better and they also have an in-built exchange, I am talking about Dinabot which enables immediate exchange between coins at a small fees so yeah more coins means more fun.

This month with their bonus email they mentioned that they have plans beyond imagination and they have huge changes and updates in pipe and they want to keep that as secret and I hope adding new coins isn't the only feature they are planning because I heard a new slots might be coming soon so I am looking forward to more games and features than simply just more coins being supported.

I think when people gamble at casinos,,, they are not changing the amount in dollars in their head, for me I am always gambling 0.01 BTC and not $90 or $85 or $95. It is like playing dollars at casinos,,, I do not convert it to my local currency in my head! In fact I know my local currency over long term devalues against USD so in the same way I know USD devalues long term over BTC, I would go BTC all the way!

ralle14

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Quote from: roosbit on June 24, 2020, 01:38:13 AM

It's about time and with stable coins taking center stage it's only fair customers are allowed to use some of these coins and also help reduce exposure to volatility that comes from other cryptocurrencies.

Based on the answer they've got from the interview it didn't seem Tether will be added in stake anytime soon so don't get too excited. They mentioned getting a lot of requests from their players but after they said the "consider" part it sounded like they want to focus on something else.

Quote from: StephenJH on June 24, 2020, 06:32:32 PM

Having different available deposit options will be better than only BTC or altcoins deposits, maybe in the future fiat deposits will be another choice for the Stake platform. After adding sports betting, the Stake became a new alternative for high rollers and they can now take advantage of betting on juicy odds, unlike Nitrogen which loses reputation every day.

In addition to the several altcoins available the betting markets are just far better in Stake. Nitrogen is slowly failing because they remain outdated with their markets mostly limited to just handicaps, totals and moneylines.

NavI_027

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It's been a while since my friend registered in Stake and play there, for sure he will be surprised with this news. He can now expect a wider variety of games to choose from and will no longer settle on dice Cheesy

. And as far as I remember, he mentioned that he is using ethereum for betting but maybe consider to use a stablecoin as well after sharing this. Thanks!

fortunecrypto

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I sometimes play on Stake.com I don't care about Tether I am excited to know the additional games that they are going to add, there are already a lot of games here that i play with that are not on or yet added on some gambling sites that i played like the mines and Hi lo, I'm sure going to wait on what kind of games they are going to add.

StephenJH

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Quote from: fortunecrypto on June 24, 2020, 12:06:18 PM

I sometimes play on Stake.com I don't care about Tether I am excited to know the additional games that they are going to add, there are already a lot of games here that i play with that are not on or yet added on some gambling sites that i played like the mines and Hi lo, I'm sure going to wait on what kind of games they are going to add.

Having different available deposit options will be better than only BTC or altcoins deposits, maybe in the future fiat deposits will be another choice for the Stake platform. After adding sports betting, the Stake became a new alternative for high rollers and they can now take advantage of betting on juicy odds, unlike Nitrogen which loses reputation every day.

tbterryboy

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Quote from: pakhitheboss on June 21, 2020, 06:44:53 AM

Stake.com already has integrated 8 cryptocurrencies now with the addition of Tether it will have 9. Since Tether is a stable coin the actual earning will be pegged to the correct dollar value. Which is good as the dollar value never remains the same when you are betting with cryptocurrencies.

I actually don't think changing and adding more crypto adds as much value as much would adding new games and new bonuses will add but yeah having more currencies is always better and they also have an in-built exchange, I am talking about Dinabot which enables immediate exchange between coins at a small fees so yeah more coins means more fun.

This month with their bonus email they mentioned that they have plans beyond imagination and they have huge changes and updates in pipe and they want to keep that as secret and I hope adding new coins isn't the only feature they are planning because I heard a new slots might be coming soon so I am looking forward to more games and features than simply just more coins being supported.

roosbit

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Random coins :)

It's about time and with stable coins taking center stage it's only fair customers are allowed to use some of these coins and also help reduce exposure to volatility that comes from other cryptocurrencies.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: michellee on June 21, 2020, 11:49:22 PM

Sooner or later, the gambling website will accept another stable coin at their site, so the gamblers will have more options to place the bets.

Market demand may drive them accept stablecoins. But keep in mind that stablecoins are not the same as what bitcoin was initially idolized to be. Stablecoins are centralized coins and the risk of the people running them to control the coins just like a bank. Of course altcoins acceptance had to be done due to public demand so maybe in future stablecoins too.

Quote

Maybe accepting the stable coin can attract big gamblers who have a lot of money to play on the crypto gambling website because that can give the gambler from the fiat money to try to playing gambling using the cryptocurrency besides of using the fiat money.

Maybe, still the crypto community does not like the presence of stablecoins. Crypto is about volatile assets and that is what attracted risk takers in the market. But casinos have to run on what the public demands and not what is ideal.

imstillthebest

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Quote from: rdbase on June 21, 2020, 05:29:13 PM

Quote from: Saint-loup on June 21, 2020, 04:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

It would be better if they could accept Tether Gold too because stablecoins pegged to fiats are not considered as cryptos in some countries, their use can be illegal there or prone to heavier taxation.

This is the first time I have heard of tether gold before and will look into it further as I after watching a youtube video found out paxos is somewhat connected to the value of gold as well.
It is quite interesting stake has gone this route and planning to introduce a stable coin to the list of cryptocurrencies they already offer. But it offers the customer variety so it could only be a good thing to come out of it.

This is my first time hearing that coin either . Based on its name ,the coin was different from a real stable coin but it was more of a token I guess . You said it was close to gold ? So the coin is not stable if thats true . If the site only wants tether , we can't do anything about that and if tether was not legal to some country , there are still other cryptos available that this site accepts that we can use . Suggestions are always welcome to them , they can include any coins that people suggest on their next update so don't give up .

michellee

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Sooner or later, the gambling website will accept another stable coin at their site, so the gamblers will have more options to place the bets. Maybe accepting the stable coin can attract big gamblers who have a lot of money to play on the crypto gambling website because that can give the gambler from the fiat money to try to playing gambling using the cryptocurrency besides of using the fiat money.

rdbase

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Quote from: Saint-loup on June 21, 2020, 04:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

It would be better if they could accept Tether Gold too because stablecoins pegged to fiats are not considered as cryptos in some countries, their use can be illegal there or prone to heavier taxation.

This is the first time I have heard of tether gold before and will look into it further as I after watching a youtube video found out paxos is somewhat connected to the value of gold as well.
It is quite interesting stake has gone this route and planning to introduce a stable coin to the list of cryptocurrencies they already offer. But it offers the customer variety so it could only be a good thing to come out of it.

AmoreJaz

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Quote from: pakhitheboss on June 21, 2020, 06:44:53 AM

Stake.com already has integrated 8 cryptocurrencies now with the addition of Tether it will have 9. Since Tether is a stable coin the actual earning will be pegged to the correct dollar value. Which is good as the dollar value never remains the same when you are betting with cryptocurrencies.

it is advantage for some players who doesnt want their money to deviate a lot from their original funds. it is as if you are just using your fiat money.

Quote from: Saint-loup on June 21, 2020, 04:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 03:13:47 AM

Recently The Bitcoin Strip sat down with the CEO of Stake casino to find out what players can expect from Stake in the coming months. It appears that Stake.com has some exciting developments on the horizon, including a selection of new games and the possibility of an impending release of Tether (USDT).

Read the full interview here: https://thebitcoinstrip.com/interview-with-stake-ceo-mladen-vuckovic/

It would be better if they could accept Tether Gold too because stablecoins pegged to fiats are not considered as cryptos in some countries, their use can be illegal there or prone to heavier taxation.

then the player can use the other 8 cryptocurrencies of the site, they are not obliging the players to use the tether anyway. just an option for them. for those countries that are strict about using stablecoins pegged to fiat, they have 8 other cryptocurrencies to choose from

Topic: Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. - page 2. (Read 930 times)