Question for regular casino players. Will you use Lightning if available? - page 12.

lienfaye

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

Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

I often use Bitcoin when I gamble, so if using LN has an advantage for being fast and has cheaper fees then its a good thing for the gamblers who dont like to wait longer and pay a high fees.

But is there a casino where you can use LN for deposit/withdrawal?

Well anyway, even casinos doesnt implement LN, alts are there that we can choose for deposit/withdrawal for our own convenience.

zidanw

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Quote from: PX-Z on April 23, 2022, 06:01:02 PM

Quote from: safari88 on April 23, 2022, 07:43:07 AM

You mean depositing with normal transaction and withdrawal using lighting network? would that increase more privacy? If yes then I think that could be a good way to have a privacy with lighting network since it would be cheap and fast transaction.

Not so fast there. If the casino require KYC and then you use lightning to withdraw and/or deposit, probably they now will have a record of the list of address where and from your coins came and go so it's just still the same on the normal transactions IMO.

Then I think sticking with the normal transaction would be alright too, I wonder how many people here do use LN to deposit or withdraw in a gambling site. I think you are right even if there is a privacy with the LN I'm sure that most of the gambling site have their logs of the addresses.

robelneo

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Quote from: khaled0111 on April 23, 2022, 05:43:23 PM

Quote from: Webetcoins on April 22, 2022, 04:31:58 PM

I still wonder why no mainstream casinos supports this coin, what's the problem? I'd be happy if their representatives reply here and state their reason.

I think you are confusing the lightning network with something else. The lightning network is not a coin, it's a second layer protocol that works on top of the main bitcoin protocol. When you make a lightning payment, you are basically sending bitcoins not some other coin. Since a second layer solution, the transactions are made off-chain meaning that they will not be recorded on the main blockchain. Hence the fast payments an the low fees and most importantly (which many users neglected) the possibility to send tiny amounts.

That's what makes it attractive to users and I support its usage players wants to use Bitcoin to play right away but normal transactions will not let them do it, with the Lightning network they can play within minutes and they don't have to use altcoins as an alternative, this Lightning network is specifically for those who loves to play with Bitcoin, majority of us are ok with it.

PX-Z

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Quote from: safari88 on April 23, 2022, 07:43:07 AM

You mean depositing with normal transaction and withdrawal using lighting network? would that increase more privacy? If yes then I think that could be a good way to have a privacy with lighting network since it would be cheap and fast transaction.

Not so fast there. If the casino require KYC and then you use lightning to withdraw and/or deposit, probably they now will have a record of the list of address where and from your coins came and go so it's just still the same on the normal transactions IMO.

khaled0111

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Quote from: Webetcoins on April 22, 2022, 04:31:58 PM

I still wonder why no mainstream casinos supports this coin, what's the problem? I'd be happy if their representatives reply here and state their reason.

I think you are confusing the lightning network with something else. The lightning network is not a coin, it's a second layer protocol that works on top of the main bitcoin protocol. When you make a lightning payment, you are basically sending bitcoins not some other coin. Since a second layer solution, the transactions are made off-chain meaning that they will not be recorded on the main blockchain. Hence the fast payments an the low fees and most importantly (which many users neglected) the possibility to send tiny amounts.

batang_bitcoin

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Quote from: 24Kt on April 22, 2022, 06:57:29 PM

Quote from: batang_bitcoin on April 22, 2022, 06:47:54 PM

That could be part of the reason why they still don't have it. But it's also possible that they just don't want it to adopt.
So it goes like that, whoever adopts it then they should put it and add it to the payment method and supported crypto. And the rest, if they don't like it then there's no need to pressure them.

Let us take into account that some casinos are really earning from the transaction fees. So if they will integrate LN, they would have less revenue for fees. But it is up to the casino itself. If they feel they can get more players by using LN, they will do it. But so far, very few has LN option in their payment method. It means, these casinos are not seeing the demand for this payment option.

The withdrawal fees are just a counter part but they're not focused into it. Where they are earning most are with the gamblers deposits and when they gamble with those.
Yeah, it's up to them and if they'll give consideration of giving their customers the idea that LN is cheaper and faster. It's kind of them if they consider that.

CaVO32

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Quote from: safari88 on April 23, 2022, 07:43:07 AM

Quote from: notblox1 on April 22, 2022, 10:42:42 PM

Yes I would use Lightning Network as option for deposits and withdrawal.
This could save on fees and I think it would be better for privacy if I could deposit bitcoin and withdraw lightning bitcoin and this could save fees.

You mean depositing with normal transaction and withdrawal using lighting network? would that increase more privacy? If yes then I think that could be a good way to have a privacy with lighting network since it would be cheap and fast transaction.

As far as I know, there is casino in the forum offering LN but still, they haven't attracted much interest. So I am thinking even with LN payment method, still, you have no assurance of attracting these gamblers. Maybe, it is because not very many are familiar on how to transact with LN, so they are just sticking to the regular BTC network, which you can also found in exchanges, if in case your funds are coming from these trading platforms.

safari88

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Quote from: notblox1 on April 22, 2022, 10:42:42 PM

Yes I would use Lightning Network as option for deposits and withdrawal.
This could save on fees and I think it would be better for privacy if I could deposit bitcoin and withdraw lightning bitcoin and this could save fees.

You mean depositing with normal transaction and withdrawal using lighting network? would that increase more privacy? If yes then I think that could be a good way to have a privacy with lighting network since it would be cheap and fast transaction.

notblox1

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Yes I would use Lightning Network as option for deposits and withdrawal.
This could save on fees and I think it would be better for privacy if I could deposit bitcoin and withdraw lightning bitcoin and this could save fees.

peter0425

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Quote from: cabron on April 22, 2022, 02:32:29 AM

Especially to the casino that doesn't need a username but only a BTC address, I would prefer it to be using LN for cheap transaction. I don't see these type of casino often but we have seen them exist in the early days of Bitcoin.

Maybe those new binary option that will use LN will gain trust. Many of us are already using wallets with LN integration its an advantage to them.

The simple reason? crypto users aren't aware of the existence of LN , lets admit the fact that very few crypto users have knowledge what is Lightning Network and what this can benefits its users.
this same reason why Casino Owners does not added this to their process because of lack in demand,
added also that some casino are gaining from the Fees in which LN will take effect as safest and cheapest transaction fee to use.

24Kt

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Quote from: batang_bitcoin on April 22, 2022, 06:47:54 PM

Quote from: DoublerHunter on April 21, 2022, 05:31:42 PM

Quote from: batang_bitcoin on April 21, 2022, 05:09:44 PM

~snip~
There are casinos that have already did the first step of doing this so I think, not a big thing anymore if the rest starts to add LN to their deposits and withdrawals.

^That's right, LN is not a big deal anymore and I don't think the casino will support this LN because it seems through transaction gambling casinos also have a benefit on it. As we can see gambling operators have their own transaction fee which I think they also earn on it and even though a gambling casino that has a free withdrawal did not even use this LN. Probably because LN transaction is good for bulk transactions only which is not good in many gambling platforms because it has an only individual transactions.

That could be part of the reason why they still don't have it. But it's also possible that they just don't want it to adopt.
So it goes like that, whoever adopts it then they should put it and add it to the payment method and supported crypto. And the rest, if they don't like it then there's no need to pressure them.

Let us take into account that some casinos are really earning from the transaction fees. So if they will integrate LN, they would have less revenue for fees. But it is up to the casino itself. If they feel they can get more players by using LN, they will do it. But so far, very few has LN option in their payment method. It means, these casinos are not seeing the demand for this payment option.

batang_bitcoin

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Quote from: DoublerHunter on April 21, 2022, 05:31:42 PM

Quote from: batang_bitcoin on April 21, 2022, 05:09:44 PM

~snip~
There are casinos that have already did the first step of doing this so I think, not a big thing anymore if the rest starts to add LN to their deposits and withdrawals.

^That's right, LN is not a big deal anymore and I don't think the casino will support this LN because it seems through transaction gambling casinos also have a benefit on it. As we can see gambling operators have their own transaction fee which I think they also earn on it and even though a gambling casino that has a free withdrawal did not even use this LN. Probably because LN transaction is good for bulk transactions only which is not good in many gambling platforms because it has an only individual transactions.

That could be part of the reason why they still don't have it. But it's also possible that they just don't want it to adopt.
So it goes like that, whoever adopts it then they should put it and add it to the payment method and supported crypto. And the rest, if they don't like it then there's no need to pressure them.

Quidat

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Quote from: delfastTions on April 22, 2022, 01:41:50 AM

Quote from: Hamphser on April 21, 2022, 05:41:30 PM

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

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Unfortunately, not too many gambling sites use LN yet. This list just reminds me of some kind of experimental testing of LN for the cryptocurrency gambling industry, and not regular use as it happens for other cryptocurrencies. It is possible that there are not too many users yet due to additional manipulations with the wallet and some complication. Perhaps most players are just too lazy to understand LN?
And this is disappointing because you can play with LN with a very small amount of Satoshi. And this is important for countries where the level of income of the population and the general standard of living are low compared to European countries.

Lets just accept the fact that not all would really be in level in terms of financial capability on which there would be still people who might really make use of LN
just to save up some fees and do able to gamble with least amount as possible on where they might be seeing this to be useful considering that most casinos
nowadays does have that minimum deposit and withdrawal which might be more than on what they could afford.I dont see for it to be experimental
since there are already platforms who had been using this one.

qwertyup23

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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?

This kind of development in the online gambling setting would be a privilege and a luxury if they can provide given that lightning network has a faster transaction speed and the fees are relatively low compared to BTC's method. The only problem with this is that, it may be expensive on the side of the online gambling platform owner, which is something that we do not see quite often.

Lightning Network was created in order to address the scalability problem of BTC. As far as I know, LTC uses lightning network but it was just expensive to maintain and use at the same time. Hopefully gambling owners can integrate this luxury for faster transaction speed but this won't make or break a gambling website if they do not have it.

Webetcoins

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Quote from: wildan88 on April 21, 2022, 06:42:13 AM

Quote from: FatFork on April 21, 2022, 05:22:34 AM

This one is actually pretty straightforward for me. Sure, I will use it occasionally if I have the incentive. However, I don't think everyone would agree that LN is really necessary for casinos to become more user friendly. Some gamblers invest a substantial amount of money for their "entertainment", so the transaction costs of the Bitcoin network are not a huge concern under the current circumstances.

Depending on the situation, I can see potential for Lightning being used for a lot more than gambling, and will likely see it implemented in many applications in the future. But for now, using the mainnet is still more convenient for the end user.

I agree with this I am sure users wasn't really that concern about the fee since they have money to sustain their gambling hobby and I think the fee right now is not that expensive and it is not all the time that it is expensive but it is better to have the Lighting Network available if possibile since some users may really don't have budget or limited budget for their gambling and this LN could be really useful.

Of course they are because not all gamblers are big gamblers but there are also small gamblers. This is why many casinos have altcoins on them because they also know this fact and it was also suggested by them. They can add LN too on their existing list because I believe that there are people that owns this coin and will be happy to use it on gambling. The advantage of using LN is its fees are super cheap and transfers are lightning fast, well I think that one is obvious.

It won't be named or called lightning network for no reason. With that said, I still wonder why no mainstream casinos supports this coin, what's the problem? I'd be happy if their representatives reply here and state their reason.

ufaiz50

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I wouldn't and I will only use altcoins if the transaction fee gets expensive but if the altcoin transactions became expensive too then I would consider using LN, fist I am not really comforatable and familiar using Lighting network though it would be nice to test it out too just for experimentation.

perla

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Quote from: Pmalek on April 22, 2022, 07:06:34 AM

I don't play and deposit regularly, so opening and maintaining a payment channel with a casino is not something that attracts me personally.

The question is for regular casino players actually, but you have a point that the regular players would save a great deal in terms of fees and it will be faster transaction rather than the main net transaction.

|MINER|

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I don't think so this is that much necessary for me where there is already available others altcoin who provide us low fee . Even then , lots of professional gambler used it for their gambling .Even so , this is not much import for me in gambling.

BitcoinAccepted

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Quote from: Pmalek on April 22, 2022, 07:06:34 AM

I don't play and deposit regularly, so opening and maintaining a payment channel with a casino is not something that attracts me personally. But it is an excellent option for hardcore gamblers and those who make multiple deposits and withdrawals daily or weekly. Instead of using the mainchain and paying the regular fees every single time, you can save a great deal on fees if you only have to carry out two on-chain transactions a week instead of 10, for example.

Yes it is suitable for users who are depositing and withdrawing multiple times a day or a week since they could really save a lot of transaction fees from that but it would be nice to have lighting network in the gambling site readily available for such users.

Pmalek

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I don't play and deposit regularly, so opening and maintaining a payment channel with a casino is not something that attracts me personally. But it is an excellent option for hardcore gamblers and those who make multiple deposits and withdrawals daily or weekly. Instead of using the mainchain and paying the regular fees every single time, you can save a great deal on fees if you only have to carry out two on-chain transactions a week instead of 10, for example.

Topic: Question for regular casino players. Will you use Lightning if available? - page 12. (Read 3370 times)