Question for regular casino players. Will you use Lightning if available?

Wind_FURY

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Quote from: Doan9269 on August 19, 2022, 03:28:14 PM

Quote from: Wind_FURY on April 19, 2022, 02:09:34 AM

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

Lightening network is not what much casinos are in a look after and same is applicable to the gamblers as well, using a lightening network is by far a better option as long as the conditions warrant such which will help the payment system more faster and to cover as mny as possible transactions within a shortest time but users will always prefer using their altcoins in gambling because they have some varieties of them which are mostly supported by the casino they use.

Plus there's a hidden "feature" in using the Lightning Network, "in theory". It's also an off-chain layer not just for faster, and cheaper transactions, it can help with your privacy too. Because if you send yourself a transaction, your transaction in Lightning takes multiple hops, and you receive outputs that are not connected to those UTXOs you sent.

I believe that's one of the "hidden reason" why there's so much disinformation, FUD, and gaslighting regarding basic information about Lightning. There might be entities that don't plebs like us to use it.

khaled0111

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I'm following this thread for quite some time and read almost all replies and what I got is that practically all members agree that accepting LN payments would be beneficial for both users and casinos. This makes me wonder why then only few casinos implemented it?! Does anyone know if there are any downsides (financial or technical) for implementing a LN payment system?

Doan9269

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Quote from: Wind_FURY on April 19, 2022, 02:09:34 AM

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

Lightening network is not what much casinos are in a look after and same is applicable to the gamblers as well, using a lightening network is by far a better option as long as the conditions warrant such which will help the payment system more faster and to cover as mny as possible transactions within a shortest time but users will always prefer using their altcoins in gambling because they have some varieties of them which are mostly supported by the casino they use.

dezoel

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Quote from: DoublerHunter on August 17, 2022, 06:56:05 PM

Quote from: paxmao on August 17, 2022, 06:26:18 PM

It is common sense to implement lighting in any payment platform not just on casinos. Even if only a reduced amount of user is taking advantage of it, it is already an attractive feature that can be great to bring new users. Lighting is perfect for people who play at large or want to even have some automated betting around as the channel will make much easier and cheaper to play.

^ It is Lightning Network.
But why we are rarely seeing such casinos using a lightning network, probably I have doubts about myself this is hard to implement or it become more complicated. However, on my side, I really like this system because everything becomes cheaper from all transactions from deposits until you decided to withdraw your asset. It is good if someone will create a thread that has a list of gambling casinos that accept lightning networks.

He is a legendary member so I bet he already know that it was called lightning network, not lightning but I think he only shortcut it although it's unusual to shortcut it like that but usually people will prefer calling it as LN if they are lazy to type the whole thing.

I've seen LN on many online shops and other platforms but I rarely saw it on crypto gambling sites. Maybe there is an explanation about it that we don't know because we didn't own a casino but only casino owners knows it? For us small time gamblers, we love it when we can only spend less when it comes to depositing and withdrawing. LN can do that job perfectly.

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It is good if someone will create a thread that has a list of gambling casinos that accept lightning networks.

This might help you out -> https://bitcointalksearch.org/topic/list-of-gambling-site-accept-lightning-network-5255329

sunsilk

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Lightening network looks somehow hard to comprehend which is the reason why making casinos and gamblers had stay away from it because it looks like it can't solve our present problem since the crypto market is down now and what we are left with is to hold and buy more holdings since there is good chances of the market going bullish.

I don't think it's hard to comprehend for most of them.

It is that, currently, there are fewer users of LN. And that's the reason why we only see at the moment a few of them that implement it. There's still a need to spread the word of it so that not just gamblers but everyone will know about LN.

LN doesn't have to solve the problem of the market now which is likely you're talking about the bear market. It does come naturally and the choice of using it is on the user and not a market reliant decision.

LUCKMCFLY

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Quote from: delfastTions on August 03, 2022, 01:07:09 AM

Quote from: bitzizzix on August 02, 2022, 08:13:40 AM

Quote from: Wind_FURY on April 19, 2022, 02:09:34 AM

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

There are many gaming websites that allow to enjoy bitcoin gambling with payments using the lightning network, some of which are listed on the LightningNetworkStore.
but so far it seems that the lightning network has not been very popular in the crypto community and the demand is not too much because the lightning network has a fairly large cost according to its speed and it is likely that many do not know how to use it, including I am not too interested in using it because I am more comfortable using the number less deposits.

I think that currently there is some balance in the payment methods in crypto casinos.
Of course, most of the players use different altcoins. And the most important is low transaction fees. These people are accustomed to altcoins and they are satisfied with payments. The implementation of LN seems to be slow because many casinos believe that LN will slightly increase the number of customers. And therefore they are in no hurry to add such a payment method.
But still, gradually, I think the implementation of LN will continue, albeit rather slowly.

Yes, I agree with you, these days most players are looking to get as much money as possible so that they can play at the time they play, and this undoubtedly has a lot to do with the cost of the fee, yes a fee is the minimum possible in price it gives more balance to play, however in a beariwsh market like the one we are in for now with airs of going up, anything can be expected, and the implementation of LN in some cases is being doing but as you say, with a certain slowness precisely because the priorities in the casinos go in another direction, this is something that many should take into account.

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Quote from: DoublerHunter on August 17, 2022, 06:56:05 PM

Quote from: paxmao on August 17, 2022, 06:26:18 PM

It is common sense to implement lighting in any payment platform not just on casinos. Even if only a reduced amount of user is taking advantage of it, it is already an attractive feature that can be great to bring new users. Lighting is perfect for people who play at large or want to even have some automated betting around as the channel will make much easier and cheaper to play.

^ It is Lightning Network.
But why we are rarely seeing such casinos using a lightning network, probably I have doubts about myself this is hard to implement or it become more complicated. However, on my side, I really like this system because everything becomes cheaper from all transactions from deposits until you decided to withdraw your asset. It is good if someone will create a thread that has a list of gambling casinos that accept lightning networks.

If we do tend to make out some research about casinos or sites using up LN payments then its already available
but i dont know if it is really that efficient or effective.

https://lightningnetworkstores.com/

Ex.
https://luckydice.com/
https://lightning-poker.com
https://lightning-roulette.com
and more....

DoublerHunter

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Quote from: paxmao on August 17, 2022, 06:26:18 PM

It is common sense to implement lighting in any payment platform not just on casinos. Even if only a reduced amount of user is taking advantage of it, it is already an attractive feature that can be great to bring new users. Lighting is perfect for people who play at large or want to even have some automated betting around as the channel will make much easier and cheaper to play.

^ It is Lightning Network.
But why we are rarely seeing such casinos using a lightning network, probably I have doubts about myself this is hard to implement or it become more complicated. However, on my side, I really like this system because everything becomes cheaper from all transactions from deposits until you decided to withdraw your asset. It is good if someone will create a thread that has a list of gambling casinos that accept lightning networks.

paxmao

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It is common sense to implement lighting in any payment platform not just on casinos. Even if only a reduced amount of user is taking advantage of it, it is already an attractive feature that can be great to bring new users. Lighting is perfect for people who play at large or want to even have some automated betting around as the channel will make much easier and cheaper to play.

delfastTions

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Quote from: khaled0111 on August 14, 2022, 04:16:56 PM

Quote from: LUCKMCFLY on August 10, 2022, 05:41:28 PM

although for now, thanks to the price of Btc between $20k-$23k, what is charged is not much, so the LN is not taken into account, but I am sure that BTC does Going up to $100k will have a big impact and transactions will be much more expensive and this causes a lot of problems

That's not necessarily true. The price of bitcoin has no direct impact on transactions fees. Transactions fees are affected by the mempool status. I remember back in late 2017 - early 2018 we had to pay $20 or more in fees for a fast confirmation although bitcoin price was less than $20k, however, when bitcoin reached its ath (~70k) it was possible to get a fast confirmation while paying less than $1 in fees.

Of course, all commissions depend on the load on the network. If suddenly Bitcoin starts another bull cycle, the activity of the network will certainly increase and the commissions will increase accordingly. In this case, people will definitely remember LN. And activity in LN will increase.
And here it is not even necessary for Bitcoin to cost $100K, the process of the bullish cycle itself is important, when many people start investing in Bitcoin in the hope of making money.

khaled0111

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Quote from: LUCKMCFLY on August 10, 2022, 05:41:28 PM

although for now, thanks to the price of Btc between $20k-$23k, what is charged is not much, so the LN is not taken into account, but I am sure that BTC does Going up to $100k will have a big impact and transactions will be much more expensive and this causes a lot of problems

That's not necessarily true. The price of bitcoin has no direct impact on transactions fees. Transactions fees are affected by the mempool status. I remember back in late 2017 - early 2018 we had to pay $20 or more in fees for a fast confirmation although bitcoin price was less than $20k, however, when bitcoin reached its ath (~70k) it was possible to get a fast confirmation while paying less than $1 in fees.

Quote from: ?? on ??

Lightening network looks somehow hard to comprehend which is the reason why making casinos and gamblers had stay away from it

This is a common misconception, unfortunately. There are many wallets which make making transactions on the lightning network even easier than making transactions on the main net. Take Wallet of Satoshi as example!

Saint-loup

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Quote from: PawGo on August 05, 2022, 04:09:10 AM

Quote from: danadc on August 04, 2022, 07:18:02 PM

If LN is used for people to move Bitcoin to casinos, why don't casinos have LN in a mandatory way to make life easier for them.

It is not like it does not exist at all. There are some, which support LN deposits / withdrawals: https://lightningnetworkstores.com/?tags=casino
I do not know if it is a complete list, but for the beginning you may want to check them.

Thank you for this list, it's a very interesting and useful page. But they should rather present those websites as gambling websites instead of casinos because almost all of them except Betplay are just offering small gambling games in reality. It would be nice if people could make reviews of all the LN gambling sites they have already tested here.

Wind_FURY

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Quote from: AicecreaME on August 02, 2022, 07:28:51 AM

Quote from: usekevin on July 31, 2022, 04:26:53 PM

Lightning network was not implemented in many casino.Because it take additional investment for the casino owners.It was only in the talk,most of them had not implemented.Surely the fast due to lighting will be high as compared to the other transaction.It may be happened in the future.

As far as I know lightning network is already available in some casinos. Although there are only very few of them offering it just yet, it's good that there are casinos and gambling platforms that allows users to have alternative network to transact on.

There are some, but the only casino with its own topic in Bitcointalk, and that has been promoting the Lightning Network more actively is, I believe just BetPlay. The other casinos in Bitcointalk that might currently be accepting Lightning deposits are not known. What other casinos in Bitcointalk accept Lightning deposits?

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However, lightning network has some fees in transactions since it is instant. I don't think every gambler actually craves for it especially if there's an additional fee on the top of your transaction. In addition, as of now there's still a limit in the amount you can transact in one transaction. This might be a hassle for those transacting more than their maximum. But hopefully they'll improve its features soon so casinos would be enticed to adapt it in their networks usage.

Lightning's fees currently are very low, and once you have your Bitcoin gambling budget coverted to the Lightning Network, you'll be enjoying very low fees until you decide to convert back to onchain transactions.

LUCKMCFLY

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Quote from: wallet4bitcoin on July 29, 2022, 03:54:37 PM

I always prefer to invest in stablecoins at this time. Because I hold almost all my crypto assets in stablecoins.

BTC is very popular for deposits in casinos even everywhere.
When I deposit a small amount I try to invest with low transaction fees. For example, XRP, BNB, TRX etc

I think that for that reason it is necessary to have LN activated in most casinos, some do not see it necessary, but there are some casinos that demand a very high gfee and that can make some players not interact in those casinos, but of course that does not want To say that you do not invest in altcoins or that you do not play or operate with those currencies, the ideal is that all cryptos do not have so much associated fees, I think that in the future we could talk about some casino platforms that do not charge fees because they assume those expenses, or that they simply assume for those cases LN for the transactions.

Quote from: delfastTions on August 10, 2022, 12:42:36 AM

LN is constantly increasing the number of users.
But now, in a period of stagnation in the cryptocurrency market, many do not pay attention to the convenience of using LN in terms of reducing transaction fees. But if fees start to increase in the main Bitcoin network, for example, they become more than $1, then people will start using LN more actively just to save money. That's when casinos will massively introduce LN for the convenience of their players.
It's just not the right time yet. We must wait.

Yes, in part, many are looking for the best in fees, although for now, thanks to the price of Btc between $20k-$23k, what is charged is not much, so the LN is not taken into account, but I am sure that BTC does Going up to $100k will have a big impact and transactions will be much more expensive and this causes a lot of problems, especially for casinos that move so much money in BTC and some players move small amounts, and I'm sure that at some point the fees of BTC when it is at that price, it will be considerable, so it does not hurt that they can implement it now so that it has full receptivity

delfastTions

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LN is constantly increasing the number of users.
But now, in a period of stagnation in the cryptocurrency market, many do not pay attention to the convenience of using LN in terms of reducing transaction fees. But if fees start to increase in the main Bitcoin network, for example, they become more than $1, then people will start using LN more actively just to save money. That's when casinos will massively introduce LN for the convenience of their players.
It's just not the right time yet. We must wait.

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Quote from: Cookdata on August 09, 2022, 01:55:37 PM

Quote from: CPNpr on July 29, 2022, 07:34:04 PM

We had already know,the transaction free for the bitcoin was high.It was not reduced yet,this lightning network will do the fast transaction of the bitcoin from casino to your original wallet in a short period of time.So better option for the casino to get huge players is including of lightning network.Most of casino players will like this lightning network option.

Do read what you just posted?
Bitcoin transaction fee could be low as possible but the amount of sats you will be paying depends on the amount of input, output and the type of address you are sending the bitcoin to, you can even set your fee to the lowest minimum of 1 sat/byte if you can wait when the mempool drop to that low but since a gambler will want his deposit to be credited as soon as possible, the lightning network should be the best approach to help in this situation to enjoy low fees in every bitcoin transactions.

A very good example that shows that there's someone doesnt have the idea on how that sat/byte works and make out some generalization that it is everytime high and he didnt even checked out on whats the
current fee as of this moment and the highest priority is sitting around.
23 sat/vB
$0.75

We do just know on whats the benefit on LN and it would really be that great if it would be integrated with some casinos in the future
and would benefit out.

Cookdata

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Quote from: CPNpr on July 29, 2022, 07:34:04 PM

We had already know,the transaction free for the bitcoin was high.It was not reduced yet,this lightning network will do the fast transaction of the bitcoin from casino to your original wallet in a short period of time.So better option for the casino to get huge players is including of lightning network.Most of casino players will like this lightning network option.

Do read what you just posted?
Bitcoin transaction fee could be low as possible but the amount of sats you will be paying depends on the amount of input, output and the type of address you are sending the bitcoin to, you can even set your fee to the lowest minimum of 1 sat/byte if you can wait when the mempool drop to that low but since a gambler will want his deposit to be credited as soon as possible, the lightning network should be the best approach to help in this situation to enjoy low fees in every bitcoin transactions.

CryptoHeadlineNews

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Quote from: minime0105 on July 29, 2022, 05:44:52 PM

I need someone that will brainstorm what do the information of lightning network because I saw some people discuss it and then directing of lightning network which to know exactly the benefits and the beneficiary of lightning network in cryptocurrency

Check this definition given below which I got from the internet, and I'm sure you will know why everybody is supporting the use of a lighting network if made possible to be used for gambling on casinos, because "Lighting network" is simply a second layer on the Bitcoin which offers fast transaction just like the speed of light with low fee, of which Bitcoin p2p is a good example..
So check this out...

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What Is the Lightning Network?
Initially, Bitcoin was not designed to be scalable. It was intended to be a decentralized payment system where the users could remain anonymous and access it from anywhere. However, its popularity was one of its downfalls—transactions became much slower and more costly than intended. Thus, developers created cryptocurrency layers, where the first layer was the primary blockchain. Each layer beneath that was a secondary layer, tertiary layer, and so forth.

Each layer complements the layer above it and adds functionality. The Lightning Network is a second layer for Bitcoin that uses micropayment channels to scale the blockchain’s capability to conduct transactions more efficiently.

This layer consists of multiple payment channels between parties or Bitcoin users. A Lightning Network channel is a transaction mechanism between two parties. Using channels, the parties can make or receive payments from each other. Transactions conducted on the Lightning Network are faster, less costly, and more readily confirmed than those conducted directly on the Bitcoin blockchain

Source: https://www.investopedia.com/terms/l/lightning-network.asp

LUCKMCFLY

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Quote from: delfastTions on July 27, 2022, 09:54:11 AM

Quote from: LUCKMCFLY on July 20, 2022, 07:05:33 PM

Quote from: Desmong on July 09, 2022, 05:18:51 PM

Quote from: Ludmilla_rose1995 on July 02, 2022, 12:42:47 AM

Quote from: Wind_FURY on April 19, 2022, 02:09:34 AM

I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

I almost never use the lightning network so it will be my first experience using the lighting network if my favorite gambling site provides it. I see betplay provides LN, I might try it there for the first time, I heard the lighting network charges very low transaction fees.

Many casinos I'm using does not use the lightening network because most gamblers that gamble online does not know how to use it. Since customers does not have interest in it, them many gambling Casino choose not to use it because of the lack of knowledge of how to use the lightening network. It is going to take time before the lightening network will be in circulation so we don't need to rush it.

What happens is that the more options there are for altcoins, the better, it's normal, most players currently have many altcoins, and this is something that has led us to prefer those casino platforms that have more coins, but there are people who are the whales, who only like to do their transactions in BTC and who like to use LN for this, for them it is much more comfortable, I am not saying that they stop having altcoins, but if they can put LN on the platforms it would be a complete success, and those who don't know how to use it or see what they can do, I'm sure they will learn it. When it comes to cheapening anything, I think people are looking to have it.

Precisely, using bitcoin with low fees and instant payments is the perfect case for using cryptocurrencies at all.
For me, bitcoin is a priority compared to altcoins. There are too many altcoins. Also, many altcoins are not reliable enough, just remember Solana with her interruptions in the network. Add all this complexity from the exchange and exchanges, all these damn KYC and you will come to the conclusion that LN is the perfect solution. Many gamblers are, of course, accustomed to altcoins and it is probably convenient for them to use transfers this way. For example, Tron is a very good option for crypto casino payments.

All this, of course, is a matter of habit of a particular gambler.

Yes, in fact I had a very bad experience with Solana, some time ago I wanted to do a little diversification with altcoins, which I thought were the best, but some time later, before Bitcoin lost so much in price, I sold them (despite being in loss) but I preferred because I saw that it was going to go down a lot, in the case of platforms that offer good withdrawal rates like freebitco,in, stake, I like to bet with BTC, because every satoshi counts for me, so every time you get a profit in sats can become a lot of money in the future, this is something that I have been thinking about for some time, that is why whoever said that BTC=BTC is something sensational, when thinking about that and not about the FIAT money that it represents It is something that at least makes me calmer.

PawGo

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Quote from: danadc on August 04, 2022, 07:18:02 PM

If LN is used for people to move Bitcoin to casinos, why don't casinos have LN in a mandatory way to make life easier for them.

It is not like it does not exist at all. There are some, which support LN deposits / withdrawals: https://lightningnetworkstores.com/?tags=casino
I do not know if it is a complete list, but for the beginning you may want to check them.

Topic: Question for regular casino players. Will you use Lightning if available? (Read 3366 times)