Is Bitcoin the future of online gambling? - page 11.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: bitcoincasino.info on September 11, 2015, 02:53:53 AM

What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

- Read full article HERE and don't forget to share your thoughts with us Wink

It is a good thing that bitcoin has the ability to help the online gambling site to help the brighter future of it. Because the operator or the owner of the site has no problem with bitcoin due to it doesn't need any form of license that's what I think of it.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: kidoseagle0312 on March 08, 2017, 08:29:07 PM

Quote from: bitcoincasino.info on September 11, 2015, 02:53:53 AM

What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

- Read full article HERE and don't forget to share your thoughts with us Wink

It is really there is a brighter future of bitcoin in online gambling. It is because I saw bitcoin has already a power of influence to others in terms of market, and expenses operation. And in my knowledge about it, as long as bitcoin is not considered as currency it doesn't need any licence in online gambling.

We cannot be sure about your opinion on that matter, bitcoin online gambling has a big potential to dominate the gambling world and that will raise awareness to the government since that is a big money that will be circulated there. If there is no license, money laundering is possible with gambling sites which is already proven to be possible in real world, one thing I know, the government will always ways to control situation in favor to them.

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Quote from: bitcoincasino.info on September 11, 2015, 02:53:53 AM

What are the chances for the most widespread cryptocurrency to become the de-facto universal payment solution in one of the most diverse segments of the Internet?

- Read full article HERE and don't forget to share your thoughts with us Wink

It is really there is a brighter future of bitcoin in online gambling. It is because I saw bitcoin has already a power of influence to others in terms of market, and expenses operation. And in my knowledge about it, as long as bitcoin is not considered as currency it doesn't need any licence in online gambling.

Gustavv

hero member

Activity: 672

Merit: 500

most important reason for us to gambling with bitcoin is "anonymous"
i think that statement is true much players need their privacy
so we can play gambling online without worry if our real data will published
and i am sure if bitcoin will be a future of online gambling

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: rickadone on March 08, 2017, 04:03:27 PM

Quote from: shulio on March 08, 2017, 03:22:50 PM

In the end everything is just going to be legalized

No. Bitcoin system and bitcoin based business could be an exception here as they never need any government approval nor their restrictions will not significantly impact. That is the reason we do call bitcoin is the future of industries where anonymous really matters. Gambling must be one of them as people just want to have some entertainment by being anonymous.

And there are many countries where governments will never legalize gambling. Citizens of these countries can't use fiat to gamble, even online, they need an alternative and bitcoin is the answer for their problems. Bitcoin gives the anonymously they need to have entertainment online.
And it's much fast to gamble using bitcoins, you order a transaction and it's done in minutes. Also you don't need to follow the regulations of your country, and all these things that just make you lose your time.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: shulio on March 08, 2017, 03:22:50 PM

In the end everything is just going to be legalized

No. Bitcoin system and bitcoin based business could be an exception here as they never need any government approval nor their restrictions will not significantly impact. That is the reason we do call bitcoin is the future of industries where anonymous really matters. Gambling must be one of them as people just want to have some entertainment by being anonymous.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: wxa7115 on March 08, 2017, 12:02:44 PM

Quote from: shulio on March 07, 2017, 07:43:46 AM

Quote from: RealPhotoshoper on March 07, 2017, 06:27:07 AM

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

But this is why a truly anonymous bitcoin casino holds a great advantage over any fiat casino, if you have played in a fiat casino and have tried to withdraw money from them you know what I mean, they will ask for all kind of information, pictures of id’s, even selfies and the process can be very slow.

There are no such thing as anonymous casino when it is legalized then everything will need paper work. Well it doesnt really matter because there will always be alot of site that dont need you to send them the KYC. You could always choose which one do you prefer. In the end everything is just going to be legalized

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: shulio on March 07, 2017, 07:43:46 AM

Quote from: RealPhotoshoper on March 07, 2017, 06:27:07 AM

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

But this is why a truly anonymous bitcoin casino holds a great advantage over any fiat casino, if you have played in a fiat casino and have tried to withdraw money from them you know what I mean, they will ask for all kind of information, pictures of id’s, even selfies and the process can be very slow.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: ethereumhunter on March 07, 2017, 08:25:02 AM

i think this is what i like from bitcoin because i can playing gambling without anybody knows that i am playing gambling games. beside that, i don't have to go out from my home to playing gambling as i can do play in my room and i can do another thing like drink coffee or else.

It is not a reason to choose bitcoin gambling just like that. There are many site that use fiat as well in online casino , you dont have to step out of your room as well. I can see that many people choose bitcoin gambling because that they dont like to submit document to casino therefore with bitcoin gamblng it is much easier

marcuslong

legendary

Activity: 1036

Merit: 1002

Quote from: Henkkaa on March 07, 2017, 05:52:00 AM

IMO bitcoin definetly is the future of gambling. It allows for fast deposits and withdrawals, low fees and anonymity. I think the only problem currently is the problem with transparency. Even with provably fair systems casinos are rigging rolls and cheating their customers (though the majority of dices are honest). I'm hoping the new Edgeless casino will solve this problem, and make blockchain widely used in casino business to make everything much more transparent.

It always depends on the situation still i enjoyed playing on the real gambling than playing on internet yes it was so easy to deposit and it always needs 2 or more confirmation before you withdraw your deposit the advantage of using bitcoin in gambling you're right there that it will hide your identity who you were. People always be anonymous using this.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Yes I think it is because the Bitcoin keeps you anonymous and is very safe with your money.
Also more online gambling sites are accepting the Bitcoin as way to pay on their site. There are even sites that only accept the Bitcoin and nothing else.

i think this is what i like from bitcoin because i can playing gambling without anybody knows that i am playing gambling games. beside that, i don't have to go out from my home to playing gambling as i can do play in my room and i can do another thing like drink coffee or else.

emezh10

hero member

Activity: 826

Merit: 501

I think yes because bitcoin is the digital currency that you can use anonymously and bitcoin transaction can be process worldwide without interaction, So I can say that bitcoin is a tool for gamblers to gambling at the gambling site because we now that in online there's no tax for gambling sites and no can arrest the gambling at that site, So it can be use by gamblers without hesitation. So I think that almost large community of bitcoin users are gamblers and it is possible that bitcoin will became the future tool for online gambling.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: RealPhotoshoper on March 07, 2017, 06:27:07 AM

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Some site which is legal actually require you to send them KYC and whenever you are making suspicious activity, they will ask for it. That is why bitcoin and legal casino is not really on the same route regarding this , therefore you either find yourself a site that dont ask for it or surrender yourself and send them the KYC

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

Quote from: freedomgo on March 07, 2017, 02:31:50 AM

Quote from: wxa7115 on March 07, 2017, 01:38:02 AM

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

That's acceptable because KYC will be the main factor that the government is asking on establishment registered to them. Bitcoin will only be a payment processor which is way faster and cheaper than a bank to bank transfer or even paypal and the fact that you do not have to reflect your personal information which gives you convenience to gamble.

It's the trend now and will continue in the future, I would not be surprise if bitcoin gambling industry will boom in the near future.

those casinos who asking for KYC is not fully adopt bitcoin as their payment processor.
they don't want to go completely anonymous as they still have a lot of doubts and fears.
KYC actually protect both players and the casino owner , but in bitcoin casino world it is different.

Henkkaa

full member

Activity: 210

Merit: 100

IMO bitcoin definetly is the future of gambling. It allows for fast deposits and withdrawals, low fees and anonymity. I think the only problem currently is the problem with transparency. Even with provably fair systems casinos are rigging rolls and cheating their customers (though the majority of dices are honest). I'm hoping the new Edgeless casino will solve this problem, and make blockchain widely used in casino business to make everything much more transparent.

freedomgo

legendary

Activity: 3318

Merit: 1185

Playbet.io - Crypto Casino and Sportsbook

Quote from: wxa7115 on March 07, 2017, 01:38:02 AM

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

That's acceptable because KYC will be the main factor that the government is asking on establishment registered to them. Bitcoin will only be a payment processor which is way faster and cheaper than a bank to bank transfer or even paypal and the fact that you do not have to reflect your personal information which gives you convenience to gamble.

It's the trend now and will continue in the future, I would not be surprise if bitcoin gambling industry will boom in the near future.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

I think this is one of the segments where bitcoin can truly become the dominant force, some fiat casinos may decide to adopt bitcoin but they will still require KYC, and they will not be competition for the bitcoin casinos that don’t require any kind of verification process.

Oralmat

hero member

Activity: 588

Merit: 500

Quote from: aardvark15 on March 04, 2017, 03:17:43 PM

I certainly think that Bitcoin and other crypto currencies are a great way to fund online gambling and gaming accounts. It keeps some anonymity and the transfer of fund is easy.

Exactly, bitcoin really helpful for online gambling now and also in future.It is really easy to amount transfer. If i talk about myself, so i started online gambling because of bitcoin, If bitcoin not here than i have no interest on online gambling. Also my few friends who play online gambling they started only for bitcoin. So i can't deny that bitcoin not helpful to promote the online gambling in future.

Ashong Salonga

sr. member

Activity: 882

Merit: 260

Quote from: chris200x9 on March 04, 2017, 11:13:59 PM

Quote from: HaXX0R1337 on March 04, 2017, 04:41:49 PM

Bitcoin made it possible to have transaction which cannot be monitored and i did not want my family members to know that i am spending money and time in gambling but with bitcoin i can have the luxury to spend some money in it without my bank nor anyone knowing that I am gambling and that is the real future when it comes to online gambling.

Bitcoin made online gamblers easy to play, But I have one question will you use all your bitcoin just to play gambling, or you will withdraw and convert it into fiat. Because if you convert your money, then you need Bank or PayPal account. Without Bank, we can not use Bitcoin money am I right.

Quote from: shulio on March 04, 2017, 10:51:15 PM

You are wrong , bitcoin transaction can be tracked however they wont really know who the receiver of the fund. The purpose of the casino to add bitcoin is perhaps to lure more bitcoin enthusiasts into gambling therefore they use it . Other than that with bitcoin it allow micro transaction so people can wager a very small amount

I don't know how the Bitcoin transaction will be tracked. If people don't know who the sender and who the receiver then how it will track.

Since there are thousands of transaction per hour being made by blockchain, it would be difficult to track once transaction. However, it can be monitored from what adress it was sent/recieved, but can't be identified where particular that bitcoin came from.

PokerFace3

hero member

Activity: 700

Merit: 500

Quote from: The_Dark_Knight on December 15, 2016, 09:01:13 PM

Quote from: hua_hui on December 13, 2016, 07:50:29 PM

It has been great for me to gamble with btc online. My local bank tried to stop us from gambling online so that everytime we try to deposit money into the online gambling, the credit card company will stop us and want us to file in documents before you can play online. With btc, it is impossible for them to track us and it is so much easier to gamble online.

As long as is not illegal in your country then they have no business telling you what to do with your money, but since bankers are a bunch of thieves they think they own your money since it is in their bank.

Obviously banks won't interfere in our personal life and only disallow actions that are prohibited by the government.

I have been gambling now for an year and half and quite fluent with bitcoins and if you see my earlier past I never did any gambling since it's illegal in my country and if I make bets with friends that never gives the fun of real betting.

Topic: Is Bitcoin the future of online gambling? - page 11. (Read 31575 times)