Is Block Chain going to be the only option for the Gaming industry ? - page 2.

imstillthebest

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Quote from: Ucy on February 08, 2019, 12:59:43 AM

Blockchain can decrease scam for the gambling industry as it cant be easily. manipulated due to its transparency and immutablity.
By the way, I thought most of the so called blockchain gambling sites do not really use blockchain but cryptocurrencies? Are there gamblings that are fully blockchain based/

Gambling reputation is negative and cant be erased even if they will shift to the blockchain . gambling is not scamming nor cheating us because we think that they are always winning . thats not true . many players do also won and other gambling sites do also experience to go bankrupt.

block c. tech. isnt the only option for gambling industry because there are actually alot of platforms and technologies out there . blockchain is only new and it has some unique feature that can beat the existing ones .

Ucy

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Blockchain can decrease scam for the gambling industry as it cant be easily. manipulated due to its transparency and immutablity.
By the way, I thought most of the so called blockchain gambling sites do not really use blockchain but cryptocurrencies? Are there gamblings that are fully blockchain based/

supermine

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Quote from: livingfree on December 01, 2018, 06:00:46 PM

Such manipulations do occur in so many occassions. But having that decentralized gaming industry, how would that be? blockchain can't only be applied for payment but that's what we can see with the gambling industry, it's sole purpose is for the payment.

Blockchain is not only for payment we can apply for so many fields like government sectors,to record information and in gaming industries too.There are many blockchain based games are available but they are not much reputed for now.

Capt00

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Quote from: livingfree on December 01, 2018, 06:00:46 PM

Such manipulations do occur in so many occassions. But having that decentralized gaming industry, how would that be? blockchain can't only be applied for payment but that's what we can see with the gambling industry, it's sole purpose is for the payment.

Nah, we can use Bitcoin as a payment when it comes online gambling industry. Because of blockchain technology and as what has Bitcoin's have, in every transaction made by blockchain it will be brought more convenient to do gambling especially when you are at home.
Meanwhile, as of now, I didn't have any experience on this since I do not fan on gambling.

livingfree

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Such manipulations do occur in so many occassions. But having that decentralized gaming industry, how would that be? blockchain can't only be applied for payment but that's what we can see with the gambling industry, it's sole purpose is for the payment.

onrise

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Quote from: mrcash02 on December 01, 2018, 10:21:44 AM

I don't think it's going to be the only option, because the traditional casinos play a big role on the industry, especially the land based casinos, and their customers aren't worried about implementing Blockchain technology. Blockchain would become a must only if an overwhelming majority of gamblers ask for that, impacting the profits of traditional casinos, forcing them to make changes.

Anyway decentralized casinos aren't a guarantee of anything for many people. It's common to see people here saying even Crypto casinos with provably fair system cheat the players.

Till now even without block chain gambling has being running and was functioning well. So with blochchian it enhances an option of paying through online. It is an added advantage for the people who know how to use it and can make payment through it. But generally even if it stops it would not effect that much that can cause gambling a danger.

mrcash02

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I don't think it's going to be the only option, because the traditional casinos play a big role on the industry, especially the land based casinos, and their customers aren't worried about implementing Blockchain technology. Blockchain would become a must only if an overwhelming majority of gamblers ask for that, impacting the profits of traditional casinos, forcing them to make changes.

Anyway decentralized casinos aren't a guarantee of anything for many people. It's common to see people here saying even Crypto casinos with provably fair system cheat the players.

ice18

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I think yes for now blockchain especially using smart contract for auto payments is a perfect system to avoid scam from gambling site owners, in a centralized gaming site many instances reported for delaying winning rewards especially if it involves huge amount and the owner refuses to withdraw with so many reasons after you give up and receiving nothing, that was frustrating, blockchain can solve all of this problems.

shield132

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Quote from: Ramya494 on November 13, 2018, 03:04:48 AM

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

Maybe it will happen in future, maybe - not. I highly doubt slot providers or etc move on it. Btw for card games they use random number generator with certificate of it's fairness. Currently blockchain technologies are going to implemented in more important tasks like land registry and so on because it adds an extra layer of protection to stored information.

roosbit

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Quote from: Ramya494 on November 13, 2018, 03:04:48 AM

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

With a bit of some gambling experience I will tell you that we love nothing less than proof and this is possible with crypto based casinos which allow us to verify a seed through decentralized gaming to ensure that it's truly probably fair to the player...which leads me to say this is truly the future of gambling.

darkangel11

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It's not the only option but It's the best one. Provably fair hasn't been defeated yet, so we all know that it works. Of course it's important to note that we're talking about online gambling. Real casinos have too much to lose so nowadays they never try to scam people. Probably the closest they get to scamming is setting up slot machines to increase the odds. Some of the industry will never go online because they know that there's money to be made in face to face gambling.

crwth

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If there was something better than blockchain, to prevent from further cheating of the game or to add more chances of winning for the casino, I think it would be an option, but right now, we are currently undergoing one of the most significant technological advances in transactions and has an opportunity to be applied to other applications. Gambling area would be an excellent place to make sure that there is no cheating involved, just the new house edge. I think people who gamble using cryptocurrencies should know how to verify their bets.

rodskee

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Quote from: Ramya494 on November 13, 2018, 03:04:48 AM

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

Nope there are so many options for online gaming
Online gambling companies use blockchain because so far this the best option
In my own opinion blockchain use for fast payment transactions how casino can maniiptlation
Or scam the games

YuginKadoya

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I really think you are talking about gambling online and not a decentralized one the method of payment would be decentralized but the game of gambling is online and not in traditional one, I really think if there is manipulation in traditional casino's and gambling places there are house edge in online gambling that can be regarded as manipulation because the house would certainly wouldn't let you win, So In my opinion Traditional and online gambling are the same that is why gambling really is risky.

christian07

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Although there's a fact that scam rapidly increase i think the good also increase so you should look in that OP and find that all then recommend it or spread that knowledge to every users another thing there's a lot of ways to avoid scam or hack like use hardwallet,activate 2fa and if the site is already trusted for so long,Moreover there always an option because actually some are not good still for me blockchain is really useful

leowonderful

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Most of the popularity for online blockchain-based casinos comes from the fact that there is no identification required, thus allowing essentially anyone including minors to gamble. There are still fiat casinos out there that do things better than crypto casinos in several aspects, so I don't think that crypto-based casinos are going to completely replace fiat gambling, but it's definitely taking away a good chunk of the userbase of fiat casinos as of right now.

The adoption of cryptocurrency by gaming sites is also good for crypto adoption, which is good for essentially everyone in crypto already. Considering how big the gaming industry is at this moment in time, this is actually very significant.

coolcoinz

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I see blockchain's chance not in the decentralization, because as others have pointed out it using a decentralized payment option doesn't make the site decentralized, but in the anonymity and availability. Casinos aren't decentralized, just like most exchanges but blockchain adds the provably fair option and invites people who aren't allowed to play due to fiat restrictions in their countries.

milewilda

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Quote from: avikz on November 13, 2018, 03:41:59 AM

Quote from: ?? on ??

Might not be the only option but it's surely the best option. A gaming platform that its payment is done through the blockchain is far preferable than a centralized one although not everyone will buy the idea that's why I said it's the best option but won't be the only one.

Making payments through blockchain doesn't make a gaming platform a decentralized one! It's just a payment method they have adopted and not the blockchain! They are simply called crypto casinos and not a blockchain or decentralized casino! Due to local laws on gambling, many people prefer to stick with crypto casinos because that way, they can overrule the local gambling laws and still enjoy gambling if it is banned as per their local law.

Now coming back to the main question, I won't say blockchain is the only option available but surely it looks like the most prominent one! And that's true for almost every sector which involves public money. The kind of security and transparency blockchain can offer, eventually every single business involving public money will move to blockchain at some time in future.

The thing you have said was right where using blockchain tech on a gambling business wont mean that is already decentralized the only thing it differs to traditional gambling site is the transparency but when it comes to manipulation. Crypto gambling sites isnt really totally safe at all when it comes to manipulation they can still apply it out but somehow its really easy to discover out unlike on centralized ones.
People or gamblers do prefer out to make use of crypto due to accessibility and anonymity.

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Quote from: Ramya494 on November 13, 2018, 03:04:48 AM

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

Blockchain doesn't automatically guarantee that there will be no scam. There are many blockchain casinos that might even be provably fair but simply refuse to pay when someone wins too much. That's why smart contracts were created. They can manage all of the payments automatically when certain conditions are met, allowing to guarantee that the winners will be rewarded. Blockchain is great for gaming and its possibilities are not fully explored. It's not just a way of monetization, is can allow to create new games that are based on the essense of this tech.

el kaka22

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Quote from: Ramya494 on November 13, 2018, 03:04:48 AM

All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

Gambling and gaming are very different words. For gambling I doubt blockchain will be the only option because there are games that can't be provably fair, poker games for example can't be provably fair, most games that are human vs human can't be provably fair, which means blockchain brings nothing to the table any regular software could bring and that is why blockchain won't be the only option in gambling, it may get wider attention all around the world, there is still a piece of market share it can cover but it still won't be really big deal.

Gaming is a totally different word, that is for games and games have nothing to do with gambling, yeah in casino we call them "games" but gaming industry is totally different and has nothing to do with blockchain, blockchain games are getting bigger recently but that has nothing to do with gambling discussions.

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