Topic: Predictions and Trends for Crypto Gambling in 2024 - page 2. (Read 231 times)

A crypto gambling fork? This is actually strange to me and just as the post above mine stated it’s common in the crypto space to encounter forks but for gambling industry sounds odd to me.

If you don’t mind Op, have there been a fork in the gambling industry? Or is this the first one to have ever been predicted? If it has happened before can you please share material/links for us to know more about it.

Edit:

I just did a quick search and I was unable to find anything related to it.

I am honestly not aware of this crypto gambling fork. But forks do happen indeed with cryptocurrencies however
it Would be more for sportsbetting, I believe. More sports are being added and also with ideas regarding tools to create a more accurate betting outcome. Actually, it would be hard to determine what would be the next trend for this industry but I hope acceptance to more countries would be included on futuristic advancements and developments. A lot of this potential improvements for cryptogambling industry would be also dependent with adoption of cryptocurrencies or this industry in general.

1. A crypto gambling fork will emerge
In the crypto world, a fork happens when some users of a specific blockchain, some community members, disagree with other members of the community. What happens is those who disagree fork a crypto, creating a second currency.

This happened to Ethereum in 2016 when the crypto went through a hard fork, which means certain nodes (computers) on the network disagreed with Vatalik Buterin’s plans to turn Ethereum into a proof of stake instead of proof of work protocol.

A fork in the crypto gambling industry will occur in 2024 where players have to decide if they wish continue to play with a decentralized organization like Nitrobetting or a centralized organization like most online sports betting companies.

Although a sportsbook may accept bitcoin, it doesn’t mean it is decentralized. For example, American based U.S. sportsbooks require you to give them your social security number, which goes against Satoshi’s entire concept of Bitcoin as being decentralized and anonymous when he created the blockchain in February 2009.

Players will have to make a choice. Do they wish to be a part of the truly decentralized gambling world? Or do they wish to remain part of a centralized gambling world that accepts crypto currency as a means of payment?

2. Individual sovereignty will become a buzzword among crypto gamblers
For many gamblers, the predicted crypto gambling hard fork will result in running to online sportsbooks and casinos like NitroBetting, which require an email address to open an account and which are truly decentralized.

Another way to describe this is to use the words individual sovereignty. Crypto natives, true crypto believers, have a deep rooted sense of personal freedom and personal responsibility – – they believe they are the caretakers of their world.

Sports bettors, casino players, gamblers of all persuasion, share the same belief of personal freedom, especially when it comes to their finances. The words individual sovereignty will become a buzzword for those players who choose truly decentralized gambling.

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