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

Kakmakr

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I think one of the biggest advantages that Stake has over it's competitors at the moment, is the true embrace and use of Crypto micro betting. No matter if you are a rich first world citizen with a strong currency or a poor gambler from a third world country, they still allow you to gamble at their site for a fraction of a cent in Crypto currencies.

Stake recently added Slot games from external game providers and you cannot bet smaller than the equivalent of $0.10 on a single bet, with most games being $0.20. This is actually very sad, because the strength of this casinos is the micro betting options. Sad

Impact : 10 bets at $0.10 = 1 McDonald's BBQ Ranch Burger Roll Eyes

- Now imagine how many burgers can be bought with a currency that are between 10 to 20 times weaker in developing countries. Sad

- https://upload.wikimedia.org/wikipedia/commons/9/9b/Big_Mac_index_50USD_2columns.png to see that with $50 and BigMac's. Angry

(note prices = year 2012)

I hope the multiplayer games will be like the original Stake games, where gamblers will be able to use micro betting and not fixed Fiat linked betting values. Roll Eyes

Juggy777

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Quote from: el kaka22 on August 13, 2020, 03:26:33 PM

It is hard for me as a regular person to root for a casino that never took any investment from the users, they have enough money to actually go around doing their own thing, so there is really nothing for me if they are super successful or they just bankrupt, I wouldn't be effected by it, hence I can't really say what could make them better or worse, since it doesn't really matter to me.

However it does make sense to actually add USDT and I would say that all these new third party provider games looks a bit like destroying the credibility of stake, normally it is a purely stake owned games with 100% provably fair games, right now it is not stake owned and I do not trust their fair situation neither, so the new update actually made it a bit worse to me as a gambler.

@el kaka22 if you have been following @MICRO posts then you would have realised that team Stake has a clear vision about how they want to do things at Stake, and when they feel that they need to add more games and payment options then they’ll do so and update us. Also regarding those new games @MICRO has already addressed those games not being probably fair, and he has suggested to stick with Stake original games on their site for people who like to play only probably fair games.

Quote from: MICRO on July 20, 2020, 08:27:12 AM

Quote from: TwitchySeal on July 20, 2020, 03:02:14 AM

Quick drop from 100% provably fair games to ~1%. Gotta be said.

Yeah thats the main issue with all this games by various providers. They are generally trusted but not provablyfair.

If you care about provablyfair as much as we do you can still play only Stake originals games.

However hopefully we can push the industry towards provablyfair and one day hopefully there won't be any casino games that are not provablyfair.

Quote from: MICRO on July 07, 2020, 07:55:36 AM

WHEN we do it IF we do it, we will do it in our own way. And it will be by far the best implementation of provider games ever.

But our stake original games will always be our priority and our passion

Not many casinos left out there that do their own stuff.

el kaka22

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It is hard for me as a regular person to root for a casino that never took any investment from the users, they have enough money to actually go around doing their own thing, so there is really nothing for me if they are super successful or they just bankrupt, I wouldn't be effected by it, hence I can't really say what could make them better or worse, since it doesn't really matter to me.

However it does make sense to actually add USDT and I would say that all these new third party provider games looks a bit like destroying the credibility of stake, normally it is a purely stake owned games with 100% provably fair games, right now it is not stake owned and I do not trust their fair situation neither, so the new update actually made it a bit worse to me as a gambler.

Pamadar

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Quote from: ethereumhunter on August 13, 2020, 05:40:07 AM

Quote from: lebregone on August 13, 2020, 02:21:58 AM

They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

They will do it if that can satisfy their members. Before they implement the idea, I think they already ask with their members, whether it is a good idea to have Tether as alternate coins besides the existing coin or not. And if the members think that is a good idea, they will give an update to the public to attract more gamblers to play on their site. Before that idea can be applied, they need to prepare everything, so hopefully, there is no problem in the future.

Precisely. Before Stake take any move they'll make sure that it will attract more gamblers to visit the site, things will undergo to different process and check if the marketing are getting enough attentions.

Stake management knows how to play this business, this won't comes up if there's no potential for more successions.

ethereumhunter

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Quote from: lebregone on August 13, 2020, 02:21:58 AM

They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

They will do it if that can satisfy their members. Before they implement the idea, I think they already ask with their members, whether it is a good idea to have Tether as alternate coins besides the existing coin or not. And if the members think that is a good idea, they will give an update to the public to attract more gamblers to play on their site. Before that idea can be applied, they need to prepare everything, so hopefully, there is no problem in the future.

Saint-loup

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Quote from: Mauser on August 13, 2020, 03:27:16 AM

Quote from: Saint-loup on June 26, 2020, 05:36:16 PM

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...

Gold being up 30% in one year doesn't seem so stable. Gold is still a commodity for crisis so its doing very well during corona, but after the crisis prices should fall again. There is still decent volatility in gold.

yes you're right gold isn't very stable anymore but AFAIK it's still more stable and less volatile than most of cryptocurrencies.

Mauser

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Quote from: Saint-loup on June 26, 2020, 05:36:16 PM

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...

Gold being up 30% in one year doesn't seem so stable. Gold is still a commodity for crisis so its doing very well during corona, but after the crisis prices should fall again. There is still decent volatility in gold.

Quote from: TopTort777 on August 12, 2020, 12:26:17 PM

Plans? Did not they already added hundred of slots games? They plan to add more? Omg... Does hundred of slots, betting and “other old games” are not enough for someone? Or someone is bored with little variety of games? I dont believe in that.

I am pretty sure they will take out all the old games which people are not playing anymore. It's all about offering something new, even if it's just the old things in new design.

lebregone

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They should do it so they can satisfy their customers, the more game that they will add to their platform the more customers that they will get.

It is a simple marketing strategy to almost gambling owners, I am not a Tether fan but this will surely give their customers more choices which is good.

Quidat

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Quote from: Ayiranorea on August 12, 2020, 02:27:20 PM

Quote from: Sadlife on August 11, 2020, 09:34:48 AM

Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Already stake has got a huge list of cryptocurrencies being added for gambling needs. In specific certain minimum and maximum value was provided, using which one can convert any cryptocurrency to any of the liked coins with which we wish to play. Now to the list USDT is gonna get added, and just because it is begged by the US dollar we can't state it to be unwanted for gambling. For users who place bets in terms of USD it'll be good.

The more options the better, hence no one would force you out to make use of USDT since there are lots of coins to choose from on where you do much prefer but we cant really avoid the fact that there are people
who are fan of making use of stable coins into their gambling without sacrificing out their identity not like when they do play directly into a fiat based online casino.Somehow there are really some pros and cons
on using it up but all things will vary or depend on a certain user since not all would having the same thing or mindset.If Stake do add it up then its a good news for those people who do look for this kind of
option if not then just simply skip out.

Ayiranorea

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Quote from: Sadlife on August 11, 2020, 09:34:48 AM

Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Already stake has got a huge list of cryptocurrencies being added for gambling needs. In specific certain minimum and maximum value was provided, using which one can convert any cryptocurrency to any of the liked coins with which we wish to play. Now to the list USDT is gonna get added, and just because it is begged by the US dollar we can't state it to be unwanted for gambling. For users who place bets in terms of USD it'll be good.

glowing10

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Quote from: kotajikikox on August 12, 2020, 09:49:09 AM

Quote from: Sadlife on August 11, 2020, 09:34:48 AM

I guess what i'm really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Very good idea that for sure will work in the eyes of both gamblers and someone who are looking for investment.

In part of gamblers they can send portion of their funds to bankroll
while enjoying the games while with investors they can simply
invest their money and wait for passive interest and continue without
joining the actual gambling.

Stake established their name to this business and opening compound
investment is not far to succeed, investors are the one who will come and join them.

It’s going to be real fun to check out with so many games and keep on playing with huge collection so that you are not going to get bored. Also, the investment is going to be a good option in order to spread the income horizon as well and could really be a good passive income if the things turn out to be right.

TopTort777

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Quote from: Shasha80 on August 11, 2020, 08:53:46 AM

Of course the positive thing for Stake.com is that it plans to add new games

Plans? Did not they already added hundred of slots games? They plan to add more? Omg... Does hundred of slots, betting and “other old games” are not enough for someone? Or someone is bored with little variety of games? I dont believe in that.

kotajikikox

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Quote from: Sadlife on August 11, 2020, 09:34:48 AM

I guess what i'm really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Very good idea that for sure will work in the eyes of both gamblers and someone who are looking for investment.

In part of gamblers they can send portion of their funds to bankroll
while enjoying the games while with investors they can simply
invest their money and wait for passive interest and continue without
joining the actual gambling.

Stake established their name to this business and opening compound
investment is not far to succeed, investors are the one who will come and join them.

Saint-loup

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Quote from: imstillthebest on August 11, 2020, 08:30:45 AM

Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Yes Tether is even on less known blockchain like SLP, Algorand or Liquid.
You can find the amounts on the different blockchains here https://wallet.tether.to/transparency
Omni is the original one but as you can see, now there are more Tethers on Tron and Ethereum blockchains

Sadlife

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Nobody uses Tether, because its regulated and pegged by the US dollar they should just accept a different Cryptocurrency like chainlink instead of a Stable Coin. New games is kinda typical these days, i guess what im really looking forward for them to do is to create new passive income options in their casino. Like staking your coin then gaining compounding interest. Since they have both casino and sports games why not, become an all in one gambling site. So users wouldn't have to leave.

Pamadar

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Quote from: Shasha80 on August 11, 2020, 08:53:46 AM

Of course the positive thing for Stake.com is that it plans to add new games and also provides a gambling option using USDT.
This is something that rarely happens in online casinos to include stable coins as a gambling option. But for me not a positive
thing providing USDT in online gambling, because I am not interested in gambling using USDT.

You already mentioned the good side but personally you don't want to use it. There's always opinions regarding to this and stake is well aware about it, using USDT gives gamblers who cares about value of their fiats interest to play inside the house.

Those people who are afraid of losing the value of their crypto funds will support this move from Stake.

Shasha80

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Of course the positive thing for Stake.com is that it plans to add new games and also provides a gambling option using USDT.
This is something that rarely happens in online casinos to include stable coins as a gambling option. But for me not a positive
thing providing USDT in online gambling, because I am not interested in gambling using USDT.

erikoy

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Quote from: imstillthebest on August 11, 2020, 08:30:45 AM

Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 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.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Well in my speculation is that there is a high chance that btc and eth will reach the ATH for mostly others will hold due to high transaction fee. Traders also will less likely to do these coins a day trade so most of the graph will show that eth and btc are continue to grow time after time. I guess there is a plan to reach bitcoin and eth to higher market price. Well it is just a little bit way to hold these crypto because whether we like or not most of the users holding these crypto will likely to exchange it especially if their needs arises and short on financially.

imstillthebest

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Quote from: Saint-loup on August 04, 2020, 06:05:17 PM

Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 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.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

i didnt know that tether has many versions , thanks for the info . i thought there is only one tether . im not familiar with omni but clone is something that i dont like , ill stick on tron and eos . to @bitcointurk . they already have that feature , you can exchange your coins to other coins by paying some fees but the fee can be reduced when you use codes , more info can be provided on thier site . eth now is expensive in price and many are complaining for high withdrawal fees so i dont recomend eth or btc atm

Saint-loup

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Quote from: BitcoinTurk on July 04, 2020, 11:07:36 AM

Quote from: nakamura12 on June 27, 2020, 06:20:44 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.

I'm not sure about that. Because the BTC and the Ethereum blockchains are currently very congested and expensive in fees. So if Stake uses the original Tether on Omni or the clone on Ethereum it won't be usable for many people. Only the Tron and EOS versions would be interesting for most of users IMO.

BitcoinTurk

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Quote from: nakamura12 on June 27, 2020, 06:20:44 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, 02:48:30 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, 11:04:43 PM

Quote from: StephenJH on June 24, 2020, 07:32:32 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, 06:20:44 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, 04:49:11 AM

Quote from: rdbase on June 21, 2020, 06:29:13 PM

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

Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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, 04:50:00 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, 05:05:39 AM

Quote from: Ucy on June 10, 2020, 04:50:00 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, 10:53:08 AM

Quote from: pakhitheboss on June 21, 2020, 07:44:53 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, 02:38:13 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, 07:32:32 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, 01:06:18 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, 07:44:53 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 22, 2020, 12:49:22 AM

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, 06:29:13 PM

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

Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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, 05:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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, 07:44:53 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, 05:51:05 PM

Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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

Saint-loup

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Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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.

pakhitheboss

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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.

BitcoinTurk

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Quote from: smyslov on June 18, 2020, 08:46:49 AM

Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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/

I'm ok with adding more games that's welcome news for every players, but I don't think I will use tether to bet, I prefer Doge Xrp and Bitcoin but why Tether when there are a lot of good coins in the market which you can play with small denominations, they should start accepting new coins or do a poll and ask people what new coins they want to be added.

Why don't you want to gamble in fixed currency? Is your opinion here that your BTC balance will not increase while actually increasing your USDT balance? For example, if Bitcoin price rises when you bet with USDT, you don't want to play because you will earn less BTC? Yes, in fact, if this is the answer, you are right, but it should not be forgotten that many players want to bet with USDT and the websites that offer this service are now preferred. So, many online betting services are now forced to provide this option, and a large number of users are happy with it. Of course, as I mentioned in my previous sentences, users who do not want to gamble in this way have very valid and justified reasons.

Wexnident

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They're only "thinking" about adding Tether betting tbh. Stake said it himself, the development in the next 12 months would mainly be an addition to the number of games available plus a few minor improvements for the live sports betting. Stake was just probably humoring the question tbh. It wasn't really "introduced" by him but rather was forced to answer because of the interview. Still, imo though, not much difference in playing with Stable coins or Crypto.

MCobian

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Stake.com is indeed one of the gambling sites that always hears the wishes of its users, so it's no wonder Stake.com will soon release
betting with USDT. Stake.com to my knowledge the first gambling site that will provide stablecoins for betting. This is positive news,
because in my opinion the more choices of coins for betting the better. This will be a plus for Stake.com to attract new users.

smyslov

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Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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/

I'm ok with adding more games that's welcome news for every players, but I don't think I will use tether to bet, I prefer Doge Xrp and Bitcoin but why Tether when there are a lot of good coins in the market which you can play with small denominations, they should start accepting new coins or do a poll and ask people what new coins they want to be added.

LogitechMouse

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A promotional site coming from him and its obvious already.

Quote

TBS: There is currently no stablecoin banking at Stake, is this something we can expect soon?

Stake: This has been hotly requested from users since a lot of players feel like they are gambling twice by holding crypto. Tether is definitely something being considered by the team, we typically poll players to decide what currencies to add and this has been on our radar for a while.

The Subject is a clickbait too. Base on the quote that I did and it came from the link too, they didn't said that they will not add tether directly but they are considering it so it will is still a ? if they will add it or not.

ethereumhunter

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Quote from: aioc on June 17, 2020, 02:35:40 PM

Quote from: ethereumhunter on June 17, 2020, 06:42:04 AM

Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

You have a good point, those that are going to use Tether are big players who will not bet lower than $1, not for me either when I am losing I prefer to bet a very small amount of coins so I can extend my playing time and enjoy the game more I even bet 40 sats on Dice game, but the more coins that they will added the better options for players.

You are right. What I think now after reading your reply was, they can invite more big players who have a lot of money to play on their site, which I am sure that can lead big funds to gamble. They can make a big profit from the big player because I am sure that those players will use a lot of money to play many gambling games, and they will stay for some time. If that is a success, they can encourage the other gambling site to add tether too in their website.

aioc

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Quote from: ethereumhunter on June 17, 2020, 06:42:04 AM

Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

You have a good point, those that are going to use Tether are big players who will not bet lower than $1, not for me either when I am losing I prefer to bet a very small amount of coins so I can extend my playing time and enjoy the game more I even bet 40 sats on Dice game, but the more coins that they will added the better options for players.

ethereumhunter

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Although that is good news, I don't think that it will encourage the gambler to use stable coins because I prefer to use altcoin, which I already used for a long time ago. Every penny will be too worth for me, and I guess that I will have a minimal amount to place the bet, and that means I can lose more money if I use a stable coin. If I compare with Dogecoin, I can use 0,0001 Dogecoin - 1 Dogecoin or more, and that is the very little amount in USD Grin

TheUltraElite

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So anyway, I applied as a merit source :)

This interview is nothing but a promotional topic. You guys understand why they approach big names in cryptos for interviews and not the other way round? Its because they want traffic to their site and above all the title is misleading.

Stake is not having plans for adding Tether. Of course it has been requested a lot of times to their staff to add stablecoins by none other than stablecoin shills but the final decision making does comes from the higher ups. When they are going to say something on interview, they will say something in a blanket manner which is what was done here.

StephenJH

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Quote from: Captain Corporate on June 10, 2020, 04:26:24 PM

Legality wouldn't really be a trouble if you could manage to just be like stake which has license from some curacao or whatever island thing like many other casinos. The company itself could be "banned" in some nations but they already make you not play there if you are from one of those nations anyway, you get blocked if you are from those nations and not allowed. So the legality is already as gray as it gets without any trouble, both because they do not allow you to gamble there and because you can use vpn and also they are from some weird nation licensed as well, all of these combined make it sort of legal or even if illegal, they do not have to care at all.

If they caught you are using VPN then the special treatment will be the case for the specific customer. The Stake sports betting side is good in terms of live betting choices and odd juice but the geolocation-based preventions are useless unless lucky gambler is able to withdraw the earnings. The new accounts can't withdraw to the new address after deposit because the strict KYC requirement will be asked by senior management, from my own experience.

Captain Corporate

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Legality wouldn't really be a trouble if you could manage to just be like stake which has license from some curacao or whatever island thing like many other casinos. The company itself could be "banned" in some nations but they already make you not play there if you are from one of those nations anyway, you get blocked if you are from those nations and not allowed. So the legality is already as gray as it gets without any trouble, both because they do not allow you to gamble there and because you can use vpn and also they are from some weird nation licensed as well, all of these combined make it sort of legal or even if illegal, they do not have to care at all.

BitcoinTurk

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In line with the increasing user demands, many online crypto casino services have started to announce that they will provide games with USDT (Tether). In fact, this had to happen much earlier. Although it is a very late decision, I would like to point out that it is a very good move because people prefer to gamble online in today's conditions.

bittraffic

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If you have been playing for a while, some casinos already have USDT on them where you can even withdraw the USDT to your wallet from the casino. I'm not sure if bethash.io did have legal trouble adding it to their casino, but its certainly is there long before I discover them. I didn't find USDT to some though. I have played on crypto.games which there are a number of altcoins accepted even GAS of NEO is accepted but no USDT.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

It is going to be a rough challenge to add tether into stake because when you do that you are also allowing people to gamble with dollars. It is not exactly dollars I know that but it is something that represent dollars so it would be same as chips in casinos for example, they are not spendable anywhere else but they do represent dollars in value.

So, it might create some sort of legal troubles for stake team but they are already fine with banning many nations (since people could use vpn to come play anyway) so I assume they will just let users deal with the regulations and overcome it instead. Also I do not want to be wrong but I remember just-dice could be the first place with the off-chain system, not sure about this so someone has to go take a look but I remember it that way.

shoreno

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ah finally a casino that are now going to support stable coin . stable coin is one of the coin that are being requested the most by gamblers and surprisingly only less casinos supports it till this date . stake is one of the good casino with active community so they prolly listen to what thier costumers suggestions . aside from the incoming support for stable coin , they are also going to add a new game again ? but they already introduce a new game called slide last week if im not mistaken . still cool so that people will have many options to choose from

chaser15

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Quote from: Tipstar on June 10, 2020, 12:09:44 PM

Glad to see a well established platform like Stake starting to accept stablecoin. Hope this would be a feature every gambling site would like to implement.

Not necessary for every gambling site. Useless to add something if it's not be used most of the time.

Stake.com will add Tether because according to them, it was hotly requested by their players since they feel like they are gambling twice by holding crypto.

Quote from: Tipstar on June 10, 2020, 12:09:44 PM

Implementing stable coin would further attract traditional gamblers who are not at ease on using crypto.

However, traditional gamblers will always look at Tether as no different from other cryptos.

I don't think these traditional gamblers will show interest shifting into crypto-gambling site just because of the Tether betting feature.

robelneo

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Quote from: TheBitcoinStrip.com on June 10, 2020, 04:13:47 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/

Stake.com has come a long way I participated in their signature campaign when they started here and I still play on their platform, I like the design and interface, of course, the bonus that they are giving from time to time in the form of free coins and spins, this is a great move by Stake they already have a lot of games and adding more will get the players to stay longer because of the many games that they can play, adding Tether is also a good move, now players have a lot of coins as their option to deposit.

Tipstar

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Glad to see a well established platform like Stake starting to accept stablecoin. Hope this would be a feature every gambling site would like to implement. Though that would depend on how successful the tether deposit on stake goes, but I'm quite certain it would be larger than many of alts on stake.
Implementing stable coin would further attract traditional gamblers who are not at ease on using crypto.

sunsilk

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Quote from: Ucy on June 10, 2020, 04:50:00 AM

Guess you mean betting with tether stablecoin (tether betting ^)?

Base on the interview, it's been suggested by their community and it's up to the poll that they will create if many do really like it to add as a supported altcoin. I guess plenty of them will vote to have tether or any stable coin that's good to be supported by them.

Which means, that whether Stake wants to add it or not as long as there's demand for it, they'll probably add it due to community voting.

DarkDays

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Looks like there are some serious grammatical issues with your article. Maybe you should hire an English copywriter, since it's clear that it's not your native tongue.

In any case, Stake is old news, plenty of up and coming platforms have already blown it out of the water. Even some of the older, more established platforms have a better reputation than Stake.

Seems like shameless self-promotion from both Stake and your site, offering no value whatsoever to the reader.

Why not at least offer a specific promotion or something? Seems like Stake never bothers mixing things up with a good promo.

7788bitcoin

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Quote from: Ucy on June 10, 2020, 04:50:00 AM

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.

Switching between coins in the same site will be complicated but sites like stake allows you to exchange the coins with the help of Coinswitch.

I have seen Tether used in other gambling sites and i think sportsbet accepts Tether but since i am not a fan of USDT i did not bother about that but having more options is always better to attract more players who have diverse investment.

I wonder whether stake will allow BSV in the near future Wink

.

20kevin20

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Quote from: Ucy on June 10, 2020, 04:50:00 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).

Adding this "exchange" feature isn't so easy, especially if you combine it with a gambling site. You could quickly bust your wallet as a casino owner if you get some lucky players unless you go for some partnerships with instant exchanges like Changelly so that you don't have to use your own pockets to swap coins and turn your site into a casino & semi-exchange.

Ucy

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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.

TheBitcoinStrip.com

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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/

Topic: Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. (Read 909 times)