Why would people use a cryptocurrency at an online gambling site rather than an actual currency?
More to the point, how would you propose a dev who can't even post a full and comprehensive account of where all the premine has gone, overcome the massive (and I mean colossal) hurdles of integrating a crypto currency into an industry heavily regulated by a multitude of national governments?
Jesus titty Christ, I thought Narnia and Hogwarts were fantasy lands.
For someone who recently got into crytpo's and has only been on bitcointalk for a few weeks you sure do run your mouth a lot.
I don't know your qualifications, you might be great trader, but you don't know jack about crypto's.
Why would the coin go up in 6 months?
Instead of asking that you should be asking what coin that is half decent hasn't gone up in the last 6 months?
Why is crypto currency better for gambling sites then fiat? That you don't know this shows how ignorant you are.
First it bypasses most of the regulatory structure of government. In order for governments to regulate they need jurisdiction. They get there jurisdiction when you use fiat and involve banks in the matter. They can shut down a gambling site by taking control of their bank accounts. Maybe do a little reading on what happened to some of the bigger poker sites a couple years back.
If you host your gambling site offshore and only accept crypto's what is there for them to regulate? They can't shut down the website, it is offshore and they can't block transactions or seize assets because it is p2p crypocurrency. Basically the government can't do a damn thing. You don't have to worry about regulation. duh Now anyone can open a casino.
Secondly crypto's are way faster to use then fiat and more anonymous. If I am going to gamble do I want go through all of the trouble of setting up an account, revealing my identity and then when I want to cash out I have to wait a week or more for a check, and then pay taxes?
Crypto's make it way easier. I don't have to give up my anonymity to gamble and cash outs are basically instant. You get to decide if you want to pay taxes or not.
Pull your head out of your ass and put your ego in check and you might learn something.
Crypto's aren't going away. They are the antidote to out of control government that has over controlled and regulated every part of our lives.