- Do you think The Gambling Industry Is Part Of The Domino Effect That Happens In The Market?
Well, indirectly, the online gambling industry is part of it since they accept crypto for both deposit and withdrawer, gamblers can also gamble and place bets with crypto, so indeed, the online gambling industry is part of the crypto community though not directly.
- Will the industry lose the trust of gamblers if one or two casinos scammed their players by closing down and running with what
money they have that belongs to the gamblers?
I don't think the gambling industry will lose the trust of gamblers if this happens, this is because casino are not like exchanges where traders leave money on, first, it is even stupid to leave huge amount of money on casinos when you are ready to play or gamble with it, many casinos have closed and gamblers lost money, but this have not affect the industry as it continues to grow, casinos are different from crypto exchanges.
- As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
Like I said earlier, it is stupid to even do this, it is absolutely not advisable to leave money you aren't ready to use on casinos, I would never do such.
- What would gamblers think if a casino does not agree to show proof of money from new and old casinos
Personally, I wasn't expecting any casino to show their proof of reserve since their business model is quite different from exchanges, so I personally would not look down on casinos if they refused to show their proof of reserve.
But my opinion is that, any casino that will be the first to show their verifiable proof of reserve will definitely gain more trust and more customers than the rest.