Question for regular casino players. Will you use Lightning if available? - page 15.

Odusko

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Quote from: traderethereum on April 20, 2022, 08:31:19 AM

I'll stick with altcoins for a while and see how the Lightning Network develops in casinos that implement it.
Meanwhile, if depositing bitcoins from one wallet to another didn't cost so much and didn't take too long to get confirmed, that wouldn't be a problem for me either.
But maybe it's a good move to implement Lightning Network in casinos so that gamblers can have more wallet alternatives to make deposits.
Integrating Lightning Network is a choice that will depend on the casino's decision.

Well, lightening is way too better than the traditional Bitcoin transaction as it gives the user the possibility of paying small fee and having their transaction speedily credited to the receiving addresses, I have tried to reach casinos that are currently using the lightning network in the casino to see how it works but most importantly we should not forget the fact that lightning network is still a new development.

traderethereum

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I'll stick with altcoins for a while and see how the Lightning Network develops in casinos that implement it.
Meanwhile, if depositing bitcoins from one wallet to another didn't cost so much and didn't take too long to get confirmed, that wouldn't be a problem for me either.
But maybe it's a good move to implement Lightning Network in casinos so that gamblers can have more wallet alternatives to make deposits.
Integrating Lightning Network is a choice that will depend on the casino's decision.

AicecreaME

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Quote from: Mauser on April 19, 2022, 02:54:01 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 am not very familiar about the Lightning Network. Only read about it a little from time to time, but never saw how the implementation in a casino would actually work. Could you maybe explain a little here in the thread what the advantages are over the usual casino design, and what the draw backs are? As far as I understand it the Lightning Network is a second layer over blockchain networks that helps in making smaller transaction between 2 parties without need to actually transfer funds. On paper that sounds very good, because many people trying out a new casino will not do so with large funds, but rather smaller amounts. If it is a cheap and easy way to reduce transaction cost I am wondering why it is not being implemented.

This is a good suggestion. OP can probably do this in a separate thread to explain the pros and cons of having and not having lightning network on a casino to help players decide whether to use it or not. There are several casinos already implemented this lightning network, but so far the active players count of them still remains the usual. I know it offer cheaper fees and faster process of transaction, but maybe OP could elaborate to what extent of usage it is that beneficial.

There are still few who implemented this which I believe we could enumerate easily. But this would be a good option in case a gambler wants an alternative for their transactions. Although it would be better if everyone would understand why would they need it and how they could utilize it if there would be any in the casino they currently are playing with.

magneto

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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?

Not really. Maybe when fees were higher.

I think the fees are low enough right now for me to use BTC if I wanted to without having to use LN.

Also the adoption rates of LN is so low outside of a few niche merchants. Half or more of BTC users probably have never even used it once in their entire lives, which makes building LN infrastructure a very tall task.

wildan88

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Quote from: Jawhead999 on April 20, 2022, 01:24:40 AM

Personally I'm not really comfortable using lightning network yet, so if lightning network available on my casino which I regularly play... most likely I wouldn't use it. There are some casinos who implemented lightning network e.g. bc.game, thunder pick, betplay etc but I don't see a big demand of the players on that casino. I think many people will recognize and comfortable with LN after almost top centralized exchanges already accept LN.

Me too and I am not sure if I can set it up correctly in my wallet or does it support it. I still uses normal transaction in Bitcoin and actually the price didn't bother me that much since it only becomes expensive when it is pumping and if that happened it is easier to choose altcoins since even at price pumping their transaction fee is still cheaper.

Jawhead999

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Personally I'm not really comfortable using lightning network yet, so if lightning network available on my casino which I regularly play... most likely I wouldn't use it. There are some casinos who implemented lightning network e.g. bc.game, thunder pick, betplay etc but I don't see a big demand of the players on that casino. I think many people will recognize and comfortable with LN after almost top centralized exchanges already accept LN.

BitcoinAccepted

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Quote from: ryzaadit on April 19, 2022, 01:11:29 PM

For crypto enthusiasm and user, the probability they're gonna use "LN" is really big.

The only problem is for regular customers or users form "NON-Crypto". As you know set-up LN is really difficult for a non-crypto members, so the chance they're gonna to use LN is really small. They are gonna use regular wallet, with just easy transaction & set-up.

If not wrong, some online casinos have "LN" wallet but are still not really successful for the use case.

Yes there are some casinos already that have LN but I am not sure whether it is successful but at least it is available on their website for users who wanted to use it, having this option is also not a bad idea since the site will be flexible in terms of deposits and withdrawals.

davis196

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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?

The current Bitcoin Core transaction fees are pretty low,so I don't think that there is a need to use LN transactions(if the casino owners ever decide to accept the Lightning Network).
Even if LN gets accepted by most crypto casinos,I don't see a reason why would anyone use LN instead of altcoins.Perhaps the hardcore Bitcoiners would choose LN transactions,but only if the Bitcoin Core on-chain transactions become really slow and expensive(which might never happen).
Why would a casino owner be interested of integrating LN payments?There are plenty of altcoins and even fiat payments.Casino owners would need a clear incentive,in order to implement LN.

Strongkored

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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?

Of course I will use it if it is available at the Casino where I usually play, especially if it can provide benefits such as transaction speed and the amount of deposits and withdrawals with LN can be in small amounts, but will the Casino adopt LN? LN has been around for a long time but at this point I don't know of any casinos that have adopted it.

Reatim

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Yeah I love using LN if gambling sites adopted this in their networks , there are many opportunities for the cryptonians to use Lightning network .
specially those are still blind in this because the benefits of LN is there though many of us still have no understanding of how to use this as favoring the small amount transactions .
so How long will we wait for this to take place ?

ralle14

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I'd most likely use it since there's barely any downside to it, cheaper fees plus deposits will be credited much faster. There's also one platform i'm currently using that offers lightning as another payment method but i'm still sticking with their on-chain transactions for now since they're processing it instantly. I just hope once that time comes most casinos will have it available so that most gamblers will have more reasons to use lightning since I remember browsing a thread about casinos with lightning back then and the list wasn't big.

aioc

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I will use it if there's one, my preference is altcoins like Tron, Doge, or Litecoin but having a lightning network will make gamblers shift to the lightning network, I think it should be on all casinos many players will shift to Bitcoin if there's lightning network unless the casino is dedicated to their own token for deposits.

shasan

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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?

Sorry but I have missed that post which you have posted four years ago. Anyway, I donot have any point not to use lightening network if the lightening network is available 9n the gambling site either that is sportsbool or that is a casino. So, I obviously use lightening network.

Saisher

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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?

You should set up a poll for this to get the numbers of people who wants to use the lightning network, gamblers have different opinions and preferences if there are choices why not I will use the lightning network if there is one but I also will use my favorite altcoins, casinos should cater to gamblers preference if they can offer this to their players.

AmoreJaz

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Quote from: boris singer on April 19, 2022, 05:19:47 PM

Lightning Network provides us with an alternative for fast transaction processing over transaction bottlenecks. And I think it's pretty good if the casino implements the Lightning Network then I will use it if at that time we are going to make a Bitcoin deposit. But some of the casinos that I met only a few that use the Lightning Network. As a small gambler, I am happy to be able to support the casino, because it has made it easier for us to process transactions quickly.

there's one casino here which has LN network but it seems that they are still not gaining much interest from the gambling community. why i said that? because their thread is not very active and if you will visit the site, nothing much you can see about their activity. i think gamblers here still prefer using the coin they are used to like btc using the native network. also, when you are dealing with LN, you should also know what youre doing, else, you won't get your funds. though there are dedicated threads in the forum discussing how LN works. but i guess, not many people are willing to learn.

boris singer

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Lightning Network provides us with an alternative for fast transaction processing over transaction bottlenecks. And I think it's pretty good if the casino implements the Lightning Network then I will use it if at that time we are going to make a Bitcoin deposit. But some of the casinos that I met only a few that use the Lightning Network. As a small gambler, I am happy to be able to support the casino, because it has made it easier for us to process transactions quickly.

harizen

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The fact that using Lightning Network will be quite a game-changer on casino experience, it won't be harmed at all if we will test the waters on using it.

Regarding speed and cost, we always want several options and not just we are limited only by using other supported altcoins with cheap fees on that casino site.

Anyways, I like to learn deeper everything about that stuff in general especially if it will be deployed on a gambling site. Can someone mention possible cons about using LN if applied to casinos, if there are any?

bitbollo

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probably yes since it can help for speedy transactions and use directly bitcoin. I don't think we will see this feature in the next 1-2 years at least for gambling. Most of the times (likewise with kraken or other exchange) you need a KYC before use such feature...
and most of the times people use already altcoin for lower transaction fees and fast transactions.

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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?

I do not see a reason to not do this, quite honestly the only reason I use altcoins now is in fact to gamble and save myself on some fees when sending and withdrawing from the casinos I like, however if I can do so directly with bitcoin then this will save me the trouble of having those altcoins and I will be able to keep all my capital in bitcoin, which will reduce the number of wallets I am using, something that can only be a good thing for me.

YOSHIE

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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?

To be honest, for me personally if there are two deposit options in gambling bets between the Lightning network and the main network (Altcoin), I prefer to make a deposit using Altcoin.

Of course I have my own reasons for choosing the Altcoin network over Lightning, which is for sure I don't want to share my QR code or wallet address with other parties, flash network is automatically connected at the time of payment, another reason, lightning network including hot wallet, you must know it's about weak security, honestly I prefer to make deposits and withdrawals on gambling sites using a decentralized system.

Topic: Question for regular casino players. Will you use Lightning if available? - page 15. (Read 3370 times)