Is blockchain gambling business beneficial?

Viscore

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Quote from: noormcs5 on July 01, 2019, 10:50:24 AM

Quote from: Nellayar on June 18, 2019, 05:35:44 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Yes! It is worth and valuable in gambling. Blockchain together with cryptocurrency makes gambling more interesting. Imagine, we can make money using cryptocurrency and gambling. In addition, there are also people who engage in gambling because of cryptocurrency. Just like me, Supposedly I do not know that there is online casino and I found it when I am using cryptocurrency.

I too think that almost 50% of the gamblers are those who enter in gambling because of bitcoins. Before the crypto, the craze of online gambling was limited and people were not very eager to spent their credit cards in online gambling. It's the bitcoin and crypto due to which we have seen a lot of growth in the gambling industry in last 2 to 3 years.

Yes. With the presence of blockchain technology in gambling, more people are now becoming gamblers not just because of fun and being anonymous, but also with the big profits it bring. This blockchain gambling business might be beneficial to most of us as long as it's not abused totally.

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Quote from: Naida_BR on July 01, 2019, 12:23:47 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

In terms of economic growth I wouldn't say that it is beneficial.
However, it is an industry that it is reformed by the blockchain technology and it has a lot of gains since its initial start. We actually don't get any value from those casinos. They are just beneficial for bringing mass adoption.

That is true, gambling add nothing to the gdp of any country because it is like recycling of funds within the economy.” Economic growth ” is as the result of products and services why gamble and casino add not to productions and services. For those that are into gambling business I think blockchain do help them and that is why we are seeing many gambling business adotpting blockchain technology.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

In terms of economic growth I wouldn't say that it is beneficial.
However, it is an industry that it is reformed by the blockchain technology and it has a lot of gains since its initial start. We actually don't get any value from those casinos. They are just beneficial for bringing mass adoption.

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Quote from: Nellayar on June 18, 2019, 05:35:44 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Yes! It is worth and valuable in gambling. Blockchain together with cryptocurrency makes gambling more interesting. Imagine, we can make money using cryptocurrency and gambling. In addition, there are also people who engage in gambling because of cryptocurrency. Just like me, Supposedly I do not know that there is online casino and I found it when I am using cryptocurrency.

I too think that almost 50% of the gamblers are those who enter in gambling because of bitcoins. Before the crypto, the craze of online gambling was limited and people were not very eager to spent their credit cards in online gambling. It's the bitcoin and crypto due to which we have seen a lot of growth in the gambling industry in last 2 to 3 years.

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Quote from: Ucy on June 26, 2019, 02:18:34 PM

You think STO funded "blockchain" will be censorship resistance? I do not think so. It will probably be allowed to exist like real blockchain in short term and eventually be turned into a centralized platform bringing back most of the problems that exist in centralized gambling

Every STO is nothing new to the ICO scheme. People tend to think that because they are security tokens they are ensured. They are not and neither are their money safe. Crypto is still a grey area for most people and law enforcement about what to do in case of theft of funds.

We have gambling projects setting up ICOs - which is enough to fund them. No need to another STO for the same. Taking into account that most people who are investing in gambling sites are gamblers themselves, hence they would not want a KYCed procedure to invest. Thus I believe even though blockchain associated with gambling is a revolutionary concept, it is more of a "privacy needed for gambling" thing.

TIDOVEE

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every gambling usually have two sides,
its either you gain or you loose. though sometimes one may lose yet you enjoyed it,i think that is more important.
Blockchain gambling business could be highly beneficial as long as it is on your favour. as beneficial has it may be, some will not find it easy with the lose.

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Quote from: Tungsten-1 on June 19, 2019, 10:40:39 AM

Quote from: rosezionjohn on June 18, 2019, 11:15:30 AM

The fact that nobody controls the outcome in blockchain gambling is good enough reason to call it beneficial imo. Add to that the easy deposit and payout.

This blockchain industry is going to be the trillion dollar channel in future. Think of STO making use of blockchain, ETHEREAL blockchain being used by banks, and so many. Blockchain gambling is full of profits when it comes to be an investor or a gambler. In 2014, Bitcoin gamblers had wagered as much as $4.5 billion which has raised exponentially these past years.

You think STO funded "blockchain" will be censorship resistance? I do not think so. It will probably be allowed to exist like real blockchain in short term and eventually be turned into a centralized platform bringing back most of the problems that exist in centralized gambling

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I think that the answer to this question can be given by the entire bitcointalk forum and the presence of advertisements of all online casinos on it. This is not only a profitable business, but also quite popular entertainment among users of cryptocurrency.

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Quote from: kaya11 on June 18, 2019, 10:42:11 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

It is a waste of time and money I tell you the truth for the people who are addicted on gambling. It is beneficial only for the workers, it gives jobs, therefore could be a nice contributor to the economy's growth.

Aside the job that blockchain technology create generally and not just in gambling, it will actually still be beneficial to gamblers whether addicted or not addicted gamblers because it will create a peer to peer game where you can confidently play your gambling game without the fear of being cheated or not being paid.

With blockchain tech used for gambling, there will be less scam as regards rewards given, and I think this is even where blockchain will function most, I mean in the gambling industry, and with blockchain technology, most gamblers remain anonymous for life without the fear of government which also means more gamblers, more money for the gambling sites, hence I guess it’s the reason why you believe that it will favor workers more.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

I think how a person adopt the situation is the matter otherwise no one will easily find the success in gambling field but some of the people using the field after gambling to be a beneficial one it will be suitable for such people only.

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Quote from: imstillthebest on June 19, 2019, 03:14:58 AM

Quote from: bitgolden on June 19, 2019, 02:45:53 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

That’s actually the reason I supported blockchain also, as a matter of fact I got fed up with traditional casinos with its stressful demands of always asking players to provide different kinds of document to create and very an accounts and that process was just too long and time consuming

I am more than pleased knowing that blockchain came with solution to this process that can expose our information to hackers, at least now we play games with all our private details hidden and without fears like it was with the old traditional casinos.

traditional casinos dont ask for any documents before you can play inside but they will only ask a kyc if ever there is a problem with your account or if you are going to transact higher amounts , this is the same as what see online or on online gambling casino that is blockchain based because they do also ask for a kyc . we cant call blockchain gambling anonymous due to kyc , site sign ups , and the crypto coins that we use . all these three factors can expose our identity .

It is not convenient way to play with high bankroll and expect noone will ask about the identity on ordinary casinos. There are dozens of gambling sites which look for special excuses in order to freeze the account balance for asking KYC documents. Anonymity is the biggest reason behind the popularity and demand of blockchain based gambling.

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Quote from: Fredomago on June 15, 2019, 12:07:30 PM

Quote from: mersal on June 15, 2019, 11:02:52 AM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Gambling is a very profitable business idea but not all the gambling sites are in profits now so it depends on how you are running the games.More the players are there then more the profits you can make which needs good advertising strategy,wide choice of games,wide choice of crypto currencies and better customer support.

More players more potential to earned from your business but due to many competitions its hard to earned gamblers trust, many reputable
sites already got the advantage since they established good connections from their regular players, if you wanted to compete from them many
additional ideas and more attractive offers to have.

I have one very strong believe that the road that leads to success is always paved with unfair advantages, let me be clear on this statement in respect to your comment, having new ideas like you said is really a good thing that would make the smaller side get a great competitive advantage over this long existing sites that we might think have built a strong brand name.

Have you ever wondered why so many people get scammed on new sites daily, the reason is because there is an advantage the new sites gives to customers to buy their trust and make it inviting to ply on, and the whole idea is focusing on the weakness of the competitor and they build on it.

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Quote from: Tungsten-1 on June 19, 2019, 10:40:39 AM

Quote from: rosezionjohn on June 18, 2019, 11:15:30 AM

The fact that nobody controls the outcome in blockchain gambling is good enough reason to call it beneficial imo. Add to that the easy deposit and payout.

This blockchain industry is going to be the trillion dollar channel in future. Think of STO making use of blockchain, ETHEREAL blockchain being used by banks, and so many. Blockchain gambling is full of profits when it comes to be an investor or a gambler. In 2014, Bitcoin gamblers had wagered as much as $4.5 billion which has raised exponentially these past years.

Everyday we are seeing mini e gambling sites on poker sites coming to this market.we could not consider all the projects of a stem as well as we could not confirm all the projects are legitimate.

Raising the funds is not a matter for gamblers.

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Quote from: rosezionjohn on June 18, 2019, 11:15:30 AM

The fact that nobody controls the outcome in blockchain gambling is good enough reason to call it beneficial imo. Add to that the easy deposit and payout.

This blockchain industry is going to be the trillion dollar channel in future. Think of STO making use of blockchain, ETHEREAL blockchain being used by banks, and so many. Blockchain gambling is full of profits when it comes to be an investor or a gambler. In 2014, Bitcoin gamblers had wagered as much as $4.5 billion which has raised exponentially these past years.

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Quote from: bitgolden on June 19, 2019, 02:45:53 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

That’s actually the reason I supported blockchain also, as a matter of fact I got fed up with traditional casinos with its stressful demands of always asking players to provide different kinds of document to create and very an accounts and that process was just too long and time consuming

I am more than pleased knowing that blockchain came with solution to this process that can expose our information to hackers, at least now we play games with all our private details hidden and without fears like it was with the old traditional casinos.

traditional casinos dont ask for any documents before you can play inside but they will only ask a kyc if ever there is a problem with your account or if you are going to transact higher amounts , this is the same as what see online or on online gambling casino that is blockchain based because they do also ask for a kyc . we cant call blockchain gambling anonymous due to kyc , site sign ups , and the crypto coins that we use . all these three factors can expose our identity .

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Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

That’s actually the reason I supported blockchain also, as a matter of fact I got fed up with traditional casinos with its stressful demands of always asking players to provide different kinds of document to create and very an accounts and that process was just too long and time consuming

I am more than pleased knowing that blockchain came with solution to this process that can expose our information to hackers, at least now we play games with all our private details hidden and without fears like it was with the old traditional casinos.

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Quote from: kaya11 on June 18, 2019, 10:42:11 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

It is a waste of time and money I tell you the truth for the people who are addicted on gambling. It is beneficial only for the workers, it gives jobs, therefore could be a nice contributor to the economy's growth.

^ I don't think if you are sure on this, the gambling industry can't survive if there aren't gamblers that to play with their site. I think both parties here the gamblers and the companies from the gambling industry are the same way of having beneficial. I know not all gamblers will benefit on this but maybe some of them they will. If you've noticed last year until this year there are a bunch of blockchain related gambling site and some of them still existed.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

It is a waste of time and money I tell you the truth for the people who are addicted on gambling. It is beneficial only for the workers, it gives jobs, therefore could be a nice contributor to the economy's growth.

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Quote from: tsaroz on June 18, 2019, 06:30:04 PM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

There are many benefits of blockhchain based gambling than a regular online crypto gambling. One of the reason is your wallet itself becomes your ID so you don't need to be creating any accounts. And you can have a different account every time you play. It's easier for a onchain bet to be verified if it's a gamble. Anonymity is another factor which people prefer as many of these users comes from a hostile authoritarian jurisdiction.

This is the difference but the hassle thing on this blockchain based ones is that you do always make up some transaction anytime you do put up a bet which is
kind some hassle that's why I do lost up interest and its much better than on that traditional crypto gambling where one deposit then you can play all you want without repeating
the depositing process.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

There are many benefits of blockhchain based gambling than a regular online crypto gambling. One of the reason is your wallet itself becomes your ID so you don't need to be creating any accounts. And you can have a different account every time you play. It's easier for a onchain bet to be verified if it's a gamble. Anonymity is another factor which people prefer as many of these users comes from a hostile authoritarian jurisdiction.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Yes! It is worth and valuable in gambling. Blockchain together with cryptocurrency makes gambling more interesting. Imagine, we can make money using cryptocurrency and gambling. In addition, there are also people who engage in gambling because of cryptocurrency. Just like me, Supposedly I do not know that there is online casino and I found it when I am using cryptocurrency.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

it is based on the Gamblers mind set if he thinks it is all about his business things then it will be definitely business beneficial otherwise most of the people came for good profit and entertainment otherwise no one will think lot more about the gambling for a long time.

roosbit

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As long as a gambling site limits how much a player can wager the company will always have the monetary benefit as they have the pool protected from high rollerz and besides never heard a company to have the benefit

rosezionjohn

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The fact that nobody controls the outcome in blockchain gambling is good enough reason to call it beneficial imo. Add to that the easy deposit and payout.

Reatim

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If you can handle it right?ofcourse this is beneficial since there are thousand if not millions of gamblers here in crypto community and also from outside this forum

So that’s one assurance how profitable this area of business,but the problem is how we will manage this and can we stand longer?

Governments is one major problem to interfere and also the scam accusations if your service and support don’t hit the criteria of the players

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So anyway, I applied as a merit source :)

Quote from: whirlcoin on June 15, 2019, 01:18:55 PM

the benefits only come how you can use this opportunity to be a beneficial opportunity because gambling is like giving everything if you use this opportunity properly then the benefits are also give you hands otherwise it will not been suitable for people like who wanted to trust it for long time.

It is beneficial if you are running your own blockchain and have the bets being made in that. Something that dApp developers have done in the ethereum blockchain and EOS blockchain. Doing so in the bitcoin blockchain leads to the mempool being clogged and delaying transactions - something that I would personally wont like to see in future. We have seen satoshidice at one time being popular on this concept but now the bitcoin network does not want so much stress. So companies who want to develop such projects develop their own blockchain or use such a blockchain which can sustain this high load of transactions.

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Quote from: yvesp110 on June 13, 2019, 06:01:06 AM

Quote from: cabron on June 12, 2019, 09:18:49 AM

Crypto becomes more popular thru the casinos that accepts cryptocurrencies and I guess those who are fond of gambling even before bitcoin are not getting into crypto just because of the advantages in crypto. Given the number of the gamblers world wide, its going to make blockchain platforms like EOS and TRX more popular in the future.

You could only decide this on the basis of the scale of demand for the online crypto gambling. Since we have had more gamblers in the channel than before, there could be huge profit in the business provided you have the best services. Learn from the mistakes of other people and make sure you come up with innovative solution to the problems to attract demand.

I think we all know already that the number of crypto gamblers has become really high, let’s ignore that there were gamblers before now. A very good illustration is SatoshiDice, we all know how successful the use of crypto has been successful on this site, with daily high demand, if you remember clearly, there was a period it was learnt that they had record of Bitcoin transaction than any other platforms combined.

Gambling sites that accepts cryptocurrency gives an opportunity for players to go way beyond the normal regulatory jurisdiction since crypto does not depend on regulated payment services.

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Quote from: FanEagle on June 13, 2019, 06:02:33 AM

Quote from: Ailmand on June 12, 2019, 01:52:53 AM

Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.

So many advantages and lapses indeed. What do we expect online gambling is inherently unfair, the only reason casino earn money now is when players lose more than they can win and gamblers like us cannot never trust them because we know they are the black box taking all our money, casino sites have that switch they use in turning odds in their favor, I know many do not believe this but it is the truth, many people like me have lost our trust in online gambling.

But blockchain has been able to buy back our trust not because it has made gambling a wonderland where there is guarantee to win always but because of how it helps store records of all games and bets, the amounts we won and the result, we now easily access transactions to be sure it was not manipulated and there should be a percentage going to blockchain for all these.

Honestly, the good Blockchain has done to gambling industry can never be overemphasized. The presence of blockchain in gambling has been greatly felt from the moment it crept into the industry. My problems before now on gambling has always been that results and winnings will definitely be concealed from public scrutiny and this is exactly what Blockchain came to correct by bringing in complete transparency and trust to the industry.

Another very important thing brought in by blockchain in gambling industry which I appreciate is the use of cryptocurrency to make payment, my Bitcoin have greatly increased over the years because of this invention.

Kasabus

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Ain't be the owner of any blockchain gambling business or have a friend with that line of business so its hard to tell that this system is beneficial to them. But as we can see, a lot of casinos and new gambling sites using blockchain technology which I may think that this really a beneficial business.

The system is very close into huge market adoption which makes gambling sites will accept cryptocurrency together with fiat cause as of now, they are focusing more in fiat. Anyway, it is a matter of change and soon will crypto be accepted as a primary currency to be used.

pixie85

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It is beneficial

to the owners of such businesses.

You can look at the history of gambling in the US. People who were given money and land like some native americans were opening casinos because this was the easiest way to make money and they didn't know any other jobs. They couldn't be hunters anymore so they were running casinos and making a lot of money in the 20th century.

Blockchain gambling is even better just ask Stunna Wink

Janation

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it?

It is not beneficial at all.

There a lot of people getting addicted to it, despite the Asian Market, or wherever that market is, Gambling is so popular and the number of people getting addicted to it is its proof. How can that be beneficial?

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

There are some but gamers still don't dig it.

There are a lot of way gamers can earn cryptocurrency from games but I don't think that would be that easy. It is still not improved but we can now all see the use of blockchain in the future. Decentralization is inevitable in a world where the internet is not just an interconnected network, it would grow to something that we are used to or even we are living in.

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

the benefits only come how you can use this opportunity to be a beneficial opportunity because gambling is like giving everything if you use this opportunity properly then the benefits are also give you hands otherwise it will not been suitable for people like who wanted to trust it for long time.

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Quote from: mersal on June 15, 2019, 11:02:52 AM

Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Gambling is a very profitable business idea but not all the gambling sites are in profits now so it depends on how you are running the games.More the players are there then more the profits you can make which needs good advertising strategy,wide choice of games,wide choice of crypto currencies and better customer support.

More players more potential to earned from your business but due to many competitions its hard to earned gamblers trust, many reputable
sites already got the advantage since they established good connections from their regular players, if you wanted to compete from them many
additional ideas and more attractive offers to have.

virasog

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Quote from: Ucy on June 15, 2019, 10:27:15 AM

Quote from: ethereumhunter on June 14, 2019, 10:48:10 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

People are not really using cryptocurrency based gambling to hide their identities. They probably using it for the convenience. It is global and doesn't have too many restrictions

Before the usage of bitcoin and altcoins in gambling, only those who had credit cards can play the gamble online. But now everyone can play gambling as anyone can deposit bitcoins and play gamble.
Not everyone had credit cards as the process of getting credit card was not so simple, but getting bitcoins and depositing in gambling sites is much more simpler.

mersal

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Gambling is a very profitable business idea but not all the gambling sites are in profits now so it depends on how you are running the games.More the players are there then more the profits you can make which needs good advertising strategy,wide choice of games,wide choice of crypto currencies and better customer support.

Ucy

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Compare rates on different exchanges & swap.

Quote from: ethereumhunter on June 14, 2019, 10:48:10 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

People are not really using cryptocurrency based gambling to hide their identities. They probably using it for the convenience. It is global and doesn't have too many restrictions

noormcs5

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Quote from: logicgate on June 14, 2019, 03:05:18 PM

Quote from: ethereumhunter on June 14, 2019, 10:48:10 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

If you are speaking from an investor’s point of view, it is full of huge returns and you could have a great user base if you are the one to offer some great services and in other words, win the trust of the users like Binance did. If you are talking from gambling point of view, you could make money in this area by staying under the mask and enjoying from the comfort of your bed.

Blockchain technology can benefit every field of life including the gambling industry. Since the technology is relatively new, those who can start a real decentralized blockchain gambling platform, it will be a real success for them.

logicgate

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Quote from: ethereumhunter on June 14, 2019, 10:48:10 AM

Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

If you are speaking from an investor’s point of view, it is full of huge returns and you could have a great user base if you are the one to offer some great services and in other words, win the trust of the users like Binance did. If you are talking from gambling point of view, you could make money in this area by staying under the mask and enjoying from the comfort of your bed.

bitgolden

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I don't know why it shouldn't be, it makes deposits easier, withdraws easier, it makes provably fair happen and it is as anon as it gets without actually being too private about it.

I mean of course there could be short comings of blockchain too but considering the other option is fiat it is certainly better.
You can't really just put pros and cons of blockchain gambling without comparing it to other options, fiat is so much worse that even the biggest issue with blockchain looks like a good thing on fiat gambling.

proTECH77

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Gambling business is the most lucrative business for this century and there's no doubt about that. There has been more demands among gamblers that there should be more casinos around the Blockchain. Looking around the forum, the best business now is that of gambling platforms and it's paying off well than expected, and it will be nice if one can invest on it for profits.

ethereumhunter

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Quote from: Fredomago on June 13, 2019, 03:23:25 AM

Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

Yes, that is why I see many of my friends are like to gamble using the cryptocurrency because they can hide their identity from anyone. They only need to use the email address and the wallet to join, and they can start gamble with easy. I guess the gambling business will grow fast in the next years because the gamblers itself will have a new way to cover their identity.

bitgolden

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Quote from: AjithBtc on June 12, 2019, 03:29:33 AM

Unlike the technology being used, gambling is always profitable to the owners. When the same gets developed over the blockchain platform it give users the easier access on deposit and withdrawal of winning funds without flaws. Gambling is a profitable business, but for the same it needs more investment and developing over blockchain platform too is highly complicated.

I don’t really see what would be the complication here, considering the amount of money made by casino by gambling site and the bad reputation, they would really need blockchain in driving more traffic, for me it truly benefits casino sites even more.

Blockchain is the only reason gambling sites has become a little fair with lower gambling cost and the rate of fraudulent activities reduced, I feel for ethical reasons and to make sure there is total compliance might be among the reasons gambling sites have become decentralized. It’s a good thing really and its more of benefit to the gambling site than it is to blockchain.

xSkylarx

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Yes i think so because it also helps to promote blockchain tech and cryptos as well. Many online casino or gambling website are showing up these days, that shows how that business is booming and beneficial to gamblers. They can gamble at home comfortably anytime they want.

Natalim

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This is beneficial for the entire gambling industry, as we have crypto being use for gambling, that will help improve their number of gamblers and that would also mean increase of profitability in the industry. There are blockchain games but that's not so popular, gamblers remain to love the old games but they just use to use crypto as the mode of payment as it's faster and cheaper.

TimeTeller

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Quote from: libert19 on June 13, 2019, 09:12:43 PM

Quote from: MidKnight on June 12, 2019, 07:45:39 AM

5 years from now, online gambling/casino running through blockchain will surely kill physically existing casino and gambling houses. Owners of famous online gambling sites right now that use crypto are going to make billions because the age of mass adoption is coming through the help of Globalcoin created by Facebook. Players don't need to go here and there and they can quickly pull out the money they want to spend that increases the state of their addiction.

There is difference between playing at a real casino, with real people and playing on screen tbh.

There is demand for both online and offline casinos and they will both flourish.

Yes, both have their own advantages to players and the likes.
But with the rise of online casinos, no doubt that they are losing certain percentage of their income as compared to before.
Convenience and easy processing of their transactions are just few benefits of online casinos.
However, they are catering different needs of gamblers so to speak. The reason why traditional casinos will still exist.

And as we can see, online crypto casinos are sprouting like mushrooms everyday.
It just translates to the fact that somehow this business is really profitable.
And so everyone wants to take part of this industry and get their share from those gamblers.

jademaxsuy

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Quote from: thiscomm on June 13, 2019, 03:16:15 AM

of course, given the blockchain is very helpful for us in taking advantage. especially with the presence of a new platform that is better than the usual platform.
with all that maybe we will benefit more

There is.no.doubt about it. Blockchain is one feature that make every online gambling platform successful. The discretion of currency to be use by a gambler will not only be selective base on the known currency as it will be replace by bitcoin or other strong altcoins that will replace fiat currency and to completely eradicate the accepting of selecrive fiat currency to which team will allow.

Shova

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Every types of gambling business is profitable but you need to have a regular traffic to your casino.
A sporadic traffic can lead you to loss as there would be some lucky whales. But if you are getting regular users, the loss would be easily mitigated by house edge profit.
House edge always wins but there should be people to bet on.

libert19

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Quote from: MidKnight on June 12, 2019, 07:45:39 AM

5 years from now, online gambling/casino running through blockchain will surely kill physically existing casino and gambling houses. Owners of famous online gambling sites right now that use crypto are going to make billions because the age of mass adoption is coming through the help of Globalcoin created by Facebook. Players don't need to go here and there and they can quickly pull out the money they want to spend that increases the state of their addiction.

There is difference between playing at a real casino, with real people and playing on screen tbh.

There is demand for both online and offline casinos and they will both flourish.

jhongzjhong

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As we have seen this year there is a lot of gambling sites emerging in the gambling industry and all of them are crypto enthusiasts gambling sites and possible it is blockchain gambling business. I think it is very beneficial because until now they have existed in their business. I think blockchain gambling site is better rather than blockchain exchange site that usually on this year almost they have exit scam did not continue.

Hypnosis00

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

We are changing our lifestyle sometimes and seeing a numerous numbers of gambling sites existed today its because they'll found this as a profitable investment knowing that a lot of online gamblers. But as we move forward, the competition among others get stronger and also there is an increase of its numbers we're gamblers have a lot of options to visit and play. I'm afraid that some gambling sites will soon to collapse because of this.

hahay

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After all, if it doesn't have beneficial, the business won't continue to grow so far, when you have realized good growth in this business, of course the developer has good beneficial and will continue to grow over time and for each user, of course they can cash it if it has reached something like other requirements in withdrawal.

rodel caling

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It's correct blockchan gambling business is beneficial came from the new technology, so business ethusiasm are grap the opportunity to develop the benefits can get in the blockchain technology, that's the reason a lot of online gambling today is successful.

RivAngE

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What doesn't kill you, makes you stronger

Quote from: imstillthebest on June 13, 2019, 05:05:55 PM

Quote from: Oilacris on June 13, 2019, 04:01:21 PM

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Blockchan itself is confusing and not really a user friendly because its a system that experts only understand but experts or devs can make it simple after they already finish integrating it with thier business . gambling is a profitable business and it makes it more profitable if partner with blockchain because this attracts people or the people that already uses a crypto .

I'm sure that the paperwork you have to fill to open a bank account or deposit in a casino-like website is more complicated than using crypto!
Maybe the initial procedure of buying your coins is a bit complicated, but after that, actually using your wallet, is pretty easy.

sunsilk

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Demand is increasing and it wouldn't just come and skyrocket because of that demand but it's increasing gradually. It is not just about the blockchain technology that you are applying but it's still a business matter which is very much beneficial.

There will be no new casinos if people are tired of trying it because they see such good result for the established ones.

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I think it's not about being user friendly but it's the feature and use that it provides not just for the gamblers but for the operators too.

imstillthebest

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Quote from: Oilacris on June 13, 2019, 04:01:21 PM

Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Blockchan itself is confusing and not really a user friendly because its a system that experts only understand but experts or devs can make it simple after they already finish integrating it with thier business . gambling is a profitable business and it makes it more profitable if partner with blockchain because this attracts people or the people that already uses a crypto .

Oilacris

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Quote from: Ucy on June 13, 2019, 03:46:45 PM

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

I cant see a reason why it isn't user friendly.Its easy as 1 2 3 when making up deposits or withdrawals and as

you said this would really be on pressing a button and then viola your payout or deposit is processed.It might be a traditional
thing like on fiat casinos but we can really compare the difference.

Ucy

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Compare rates on different exchanges & swap.

Ofcourse it is. .. One of the most beneficial aspects is the automation. It allows a situation where you are sure that if you do the right thing, follow the rules or press the right buttons you get what you need without delay.

Some gamblers say blockchains are not users friendly. Maybe this is why it is not that popular yet.

FanEagle

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Quote from: Ailmand on June 12, 2019, 01:52:53 AM

Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.

So many advantages and lapses indeed. What do we expect online gambling is inherently unfair, the only reason casino earn money now is when players lose more than they can win and gamblers like us cannot never trust them because we know they are the black box taking all our money, casino sites have that switch they use in turning odds in their favor, I know many do not believe this but it is the truth, many people like me have lost our trust in online gambling.

But blockchain has been able to buy back our trust not because it has made gambling a wonderland where there is guarantee to win always but because of how it helps store records of all games and bets, the amounts we won and the result, we now easily access transactions to be sure it was not manipulated and there should be a percentage going to blockchain for all these.

yvesp110

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Quote from: cabron on June 12, 2019, 09:18:49 AM

Crypto becomes more popular thru the casinos that accepts cryptocurrencies and I guess those who are fond of gambling even before bitcoin are not getting into crypto just because of the advantages in crypto. Given the number of the gamblers world wide, its going to make blockchain platforms like EOS and TRX more popular in the future.

You could only decide this on the basis of the scale of demand for the online crypto gambling. Since we have had more gamblers in the channel than before, there could be huge profit in the business provided you have the best services. Learn from the mistakes of other people and make sure you come up with innovative solution to the problems to attract demand.

Fredomago

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Quote from: ethereumhunter on June 13, 2019, 01:15:17 AM

The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

That's one of those thing that people wanted to support this industry using blockchain system to hide their identity while enjoying the gambling industry,in the near future more and more gamblers will see this advantage and begin also to support this types of system.

juliatorba

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Quote from: elinafed on June 13, 2019, 02:27:29 AM

The game industry has always had a high payback and public interest. And if you bring in the game of earning cryptocurrency, or mining, or receiving collectibles, it will increase the ecosystem as a whole. Frankly, even trading on cryptocurrency exchanges sometimes resembles a poker game. You must be calm, know financial mechanisms and act quickly, but deliberately. Good fusion of two industries

Game startups are always the most profitable. I remember, right in the series of failures of the past year, which the cryptocurrency market experienced, the gaming startup was at its best. The entertainment industry always has great chances to bring profits to creators and players. And when the platforms start to encourage users of cryptocurrency, it will not even be logical to give up the opportunity to get some rest and play for the benefit of yourself and your wallet

thiscomm

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of course, given the blockchain is very helpful for us in taking advantage. especially with the presence of a new platform that is better than the usual platform.
with all that maybe we will benefit more

jushfln

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Yes, now you can earn on games even in several ways. Some people prefer to participate in competitions, win and get bonuses. There is an easier way when you play, and your digital device mines tokens. Every game lover will find himself to be pleased

americanreamt

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Quote from: elinafed on June 13, 2019, 02:27:29 AM

The game industry has always had a high payback and public interest. And if you bring in the game of earning cryptocurrency, or mining, or receiving collectibles, it will increase the ecosystem as a whole. Frankly, even trading on cryptocurrency exchanges sometimes resembles a poker game. You must be calm, know financial mechanisms and act quickly, but deliberately. Good fusion of two industries

When you understand financial mechanisms, then any sphere of activity will bring you income, not just gambling. And since many games work according to the same financial laws as trade, such as the use of fibonnaci numbers is common in both spheres, by strengthening one skill, you can be confident of success in another. Therefore, I have found for myself a good way to pump up thinking processes - I just study trading strategies on the taklimakan platform. And even if you do not use it later to get benefits in games, then knowledge always pays off.

elinafed

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The game industry has always had a high payback and public interest. And if you bring in the game of earning cryptocurrency, or mining, or receiving collectibles, it will increase the ecosystem as a whole. Frankly, even trading on cryptocurrency exchanges sometimes resembles a poker game. You must be calm, know financial mechanisms and act quickly, but deliberately. Good fusion of two industries

Cacingkemi

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Yeah, the gambling industry is very popular from the age of the ancestors plus the blockchain system verification method that allows users to trust the site more and security is guaranteed to be very useful well very useful also in concealment of identity.

bimvo

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I believe that if the gambling industry starts using blockchain technology, it will be beneficial for the entire industry. Since the blockchain allows you to achieve a better way to confirm the correctness of the operations performed, the fraudsters will have fewer opportunities to crack the game mechanisms.

ethereumhunter

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The benefit of blockchain is people don't have to use their money to play gambling, that is for sure. They can hide their identity while they are playing gambling, and they can feel safe to play gambling without anyone knows. I am sure that in the future, there will be many other platforms that will support the gambling games, and we will going to see the gambling business will grow fast in the future.

mich

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Well of course it is especially if you are in favor of Bitcoin gambling.
Without the blockchain technology we would not be here able to gamble with our crypto
Its faster its easier and its more anonymous for gamblers so as long as the technology is available I am all for it

akram143

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In the beginning stage it seems like not beneficial but when we seen a lots of things involved in that and we need to understand what is is going on gambling field if we find that then the gambling business is also beneficial for everyone who are interested with giving good efforts for making profits.

jvdp

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If you create it in the decentralized form and allowing only decentralized cryptos in the gambling site. you will get any problem and one more thing register the company where the blockchain based business is acceptable.
We are seeing many gambling site which operates loyally are not getting any problems in this business. If you want to get information on this more closely. You may write about this to them via PM.

rizkyhiw

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

And you also realize that businesses like this will attract many gamblers to enter with all their comfort, in this era crypto-based gambling is very good and is a necessity for gamblers who have problems in their homes or with all the ease of playing using crypto to build businesses like this and this is not something that is easy to manage or build, all back again about how to manage it if done correctly I think it will be very profitable.

dunfida

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

When you do talk blockchain technology then its applied as a whole.Just come to think that gambling industry is already big and known
even this Blockchain tech didnt still exist,how much more when gamblers do know a new way on gambling without being traced or simply anonymous?
It did boom even more and its way too beneficial for both gamblers and into its owners.

Rufsilf

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Quote from: pakhitheboss on June 12, 2019, 01:23:03 AM

Any Gambling business, when done correctly is beneficial whether it is done on Blockchain or not. Is Blockchain changing the gambling industry? that should be your question. Yes, it is earlier gaming results, winnings and payout were intentionally hidden or were partly concealed from the public. The integration of Blockchain into the Gambling industry will resolve these concerns and many other problems that the online gambling community has been facing.

I agree, any business if done and managed correctly will be beneficial and profitable to the owners. Blockchain gambling would be a good business right now since a lot has been adopting cryptocurrency and there's a possibility that it will increase in the future so it would be very beneficial.

omonuyak

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Quote from: shoreno on June 12, 2019, 09:04:33 AM

Im slightly confused on this one . based on what i read on the title you are dealing about blockchain business , which i think you are going to come up with your own business and your asking for suggestion but after i read the contents of your thread , i see that your asking if playing a gambling is profitable or not .

but to answer your queries id say that yes , gambling business is verry profitable or beneficial because every people plays gambling but for the player i think its not really that beneficial .

"every people play gambling"! I seriously disagree with this fact and I think those that play gambling are not up to 60% of the world populace. Blockchain gambling has stimulate more players in gambling industry and that is really a new business to the smart guys. Many investors are now in gambling business because of blockchain technology and more business on this are been open every days.

Ulven

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Encryption has become widely popular,Especially in terms of the service it provides to gamblers over the Internet
And this is a compelling reason to make most gamblers and internationally renowned attention more.I think the service provided by encryption in the field of gambling is very suitable for those interested.

RivAngE

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Well... judging by the fact that the gambling services/casinos are almost the only services running signature campaigns in this forum, then I guess they are pretty profitable.
And it makes sense if you think about it. They can control how profitable they are through their games' algorithm and it's certain (to some extent) how much profit they'll make.

cabron

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Crypto becomes more popular thru the casinos that accepts cryptocurrencies and I guess those who are fond of gambling even before bitcoin are not getting into crypto just because of the advantages in crypto. Given the number of the gamblers world wide, its going to make blockchain platforms like EOS and TRX more popular in the future.

leowonderful

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Bitcoin FTW!

If you're talking about things like gambling dApps on chains like Ethereum, some of them actually allow you to view the code that has gone into making the site, so anyone can theoretically ensure a dApp is legit (though most people don't).

The anonymity that cryptocurrencies offer already gives gamblers the confidence to use crypto-based casinos. Many of them don't require KYC at any stage of the gambling process from deposit to withdrawal, and if you're ever unsure whether or not a site is legit or reputable, a quick search about the site in question on this forum should yield you results that can help you make the decision whether or not the site's legit in seconds.

Dontme

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Quote from: pakhitheboss on June 12, 2019, 01:23:03 AM

Any Gambling business, when done correctly is beneficial whether it is done on Blockchain or not. Is Blockchain changing the gambling industry? that should be your question. Yes, it is earlier gaming results, winnings and payout were intentionally hidden or were partly concealed from the public. The integration of Blockchain into the Gambling industry will resolve these concerns and many other problems that the online gambling community has been facing.

Thats true, it will be beneficial if its done correctly even though online or not. Well when in comes in business gambling business was one of the beneficial business with few losses since there are a lot of gamblers or addicted on it, this will be the best pick if you will build one. Crypto gambling was very popular and you can see a big progress which you can say it was very beneficial to the owner and players.

avikz

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Blockchain platform doesn't guarantee the safety of the money. There are many scam crypto gambling platforms available. However, the advantage with crypto gambling website is that, you can always start with a very low deposit at minimum cost and test the platform. Which may not be possible for fiat casinos!

There's no reason to trust a gambling website just because it uses the blockchain, rather look at the genuine community reviews to know the truth!

shoreno

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Im slightly confused on this one . based on what i read on the title you are dealing about blockchain business , which i think you are going to come up with your own business and your asking for suggestion but after i read the contents of your thread , i see that your asking if playing a gambling is profitable or not .

but to answer your queries id say that yes , gambling business is verry profitable or beneficial because every people plays gambling but for the player i think its not really that beneficial .

swogerino

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Bitcoin Casino Est. 2013

If you add it to your gambling company in Asia if you have one it will only benefit the company.It will bring new users who don't want to spend their Fiat money but will have no problems playing with their crypto.

Blockchain technology is involved in many crypto gambling sites as it only bring good things to those who implement it.Gradually it will hit many other industries.

MidKnight

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5 years from now, online gambling/casino running through blockchain will surely kill physically existing casino and gambling houses. Owners of famous online gambling sites right now that use crypto are going to make billions because the age of mass adoption is coming through the help of Globalcoin created by Facebook. Players don't need to go here and there and they can quickly pull out the money they want to spend that increases the state of their addiction.

YuginKadoya

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A typical gambling business needs a financial backup that is why investment is a must, And just like other suggestions here the gambling section is an informative one for you, And I myself are looking at some well-known gambling sites that are very successful with their work, But I guess it will surely depend on the owner if they can make this kind of business to be successful, Sometimes they will make a free trial so gamblers would try the house edge and the quality on their fairness.

masphie

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-= OI =-

Yes that's true.... a lot of online games give bitcoin as a reward. And now i am playing one of them.
I am playing for tests about scam or not. And the result is "not scam" (note** "for now")
But the minus is, we can only withdraw 1x/week. Other than that, we can only play several times every day.

The game just for iOS & android.

Vinalians

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Activity: 819

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Me as a gambler of the the crypto community I see that the gambling sections or any related into gambling never outdated. They are always on the go even though a newly created website will get a attention and more users just make sure that they have this rewards of first time deposit and daily rewards.
Someday for sure the gambling business in blockchain will get more attention in the real world. It is underrated now but I am sure in the near future it will gain a lot of attention in the real world.

ityandsyn

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Quote from: bvyvjdidn on June 12, 2019, 12:12:51 AM

There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

In online betting of sports was made very fast transaction and we are using crypto currency in which the world make us one using BTC or ETH , so it's very clear that gambling industry is a beneficial of Blockchain technology .

Genemind

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It's beneficial but the profit is unstable especially if we'll only rely things in luck. It isn't always as profitable as we want though we got good skills. Gambling has risks but all in all, we could still gain and earn through it. Gambling is one of the most influencial platform in crypto because they are increasing the percentage of cryptocurrency demand.

AjithBtc

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Unlike the technology being used, gambling is always profitable to the owners. When the same gets developed over the blockchain platform it give users the easier access on deposit and withdrawal of winning funds without flaws. Gambling is a profitable business, but for the same it needs more investment and developing over blockchain platform too is highly complicated.

creeps

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Quote from: Ailmand on June 12, 2019, 01:52:53 AM

Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.

Not all because some gambling sites are closing their site for some reason, it can only become profitable if they manage it well and if there are more players to use their site. Having a crypto business needs to be more productive and active in terms of developing new technologies because if you only think for one product then soon it will die. Gambling business needs to get the trust of the public, i guess this should also be the focus.

aad140386

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simply getting the job done

It seems to me that a priori any gambling is unprofitable for the participant. In any case, according to statistics. Maybe someone lucky more than others, and thanks to good luck, they can really make money on gambling, but I definitely do not belong to them. And the usual games on the blockchain bring extremely small profits, so that it can be seriously discussed in a decent society) So it is better to concentrate your efforts on trading training

liovaltro

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Of course, for people who have good analysis skills, making money will not be a problem. Someone uses their knowledge for the game, and someone just to share them with others as on the platform taklimakan and earns it. If a person is strong in analysis, he has a direct route to crypto trading. This is even more promising business, because gambling does not always give a profit, and own knowledge works for the benefit of the budget every day.

jak3

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Is it is beneficial for business, as blockchain allows a lot of possibilities it also takes care of user authentication and cuts of a lot of time? Users can freely enjoy the games and other services provided by gambling businesses and casinos don't have to program each machine with Really Complex algorithms they can simply publish their bets on a blockchain that pay they are going to gain users trust and as for the casinos they always have the winning edge from everyone so they don't have to worry about winning the money.

Berryvery394

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Player privacy will be an even stronger advantage for gambling. Many countries do not consider legitimate earnings made during gambling. But if a person has skills that help him win, then this allows him to earn money by playing. And when casinos are banned in your country, all that remains is to look for confidential services.

Klndragonst

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Quote from: brakemelion on June 12, 2019, 01:57:26 AM

Blockchain platforms for i-gaming can also contain another bonus: payouts to miners. Now mobile mining is gaining popularity and by combining two hobbies into one, you can create a product that will really pick up popularity.

Mining in crypto games is a novelty for me. But on the other hand, why not use it when you have free time, you can spend it on entertainment and at the same time get several tokens.

brakemelion

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Blockchain platforms for i-gaming can also contain another bonus: payouts to miners. Now mobile mining is gaining popularity and by combining two hobbies into one, you can create a product that will really pick up popularity.

Ailmand

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Coindragon.com 30% Cash Back

Crypto gambling business is one of the most profitable platforms in crypto world for both gambling site and players. It also brings a positive impact in the demand of cryptocurrency in the market. It's beneficial in blockchain technology in so many ways but we can't deny that there are also lapses at times.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

One of the major drivers of the demand for coins are the Crypto currency based online gambling platforms. Just browse on over to the gambling section on this forum and see how much daily activity is there in that section of the forum. Go to https://bitcointalk.org/index.php?board=56.0 Wink

The fact that Bitcoin is a pseudo anonymous currency, gives gamblers some kind of anonymity and they can gamble from countries where it is not necessarily allowed for whatever reason. Roll Eyes

pakhitheboss

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Top Crypto Casino

Any Gambling business, when done correctly is beneficial whether it is done on Blockchain or not. Is Blockchain changing the gambling industry? that should be your question. Yes, it is earlier gaming results, winnings and payout were intentionally hidden or were partly concealed from the public. The integration of Blockchain into the Gambling industry will resolve these concerns and many other problems that the online gambling community has been facing.

bvyvjdidn

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There are many games on blockchain on Asian market. How benefecial is it? Therefore, gambling industry has never suffered from lack of attention. And now, when blockchain technologies are being used for online games, the demand should increase. At least among users, such platforms will cause more confidence than ordinary platforms that spread like mushrooms, where you do not know whether you can withdraw your earnings or not

Topic: Is blockchain gambling business beneficial? (Read 11008 times)