Lightning Network is an option that I really like, but I have a question and I don't want to play dumb, but if I don't ask the experts I wouldn't be able to know clearly, if a person has 100Bitcoins, can they move them with LN? Or LN is only used to send and receive little Bitcoin? 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.
Topic: Question for regular casino players. Will you use Lightning if available? - page 2. (Read 3366 times)
August 04, 2022, 07:18:02 PM
August 03, 2022, 01:07:09 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.
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.
August 02, 2022, 01:48:05 PM
I mostly use top altcoins which are cheap to move, like Litecoin or Dogecoin.
I have never used lightning network to deposit to a gambling site nor an exchange, this is mostly because I am not 100% sure how LN network works yet, I have seen it in action, the payments are fast and very cheap, but I have not taken my time to do my own research so I prefer to go woth things I already know how to use and are very cheap anyways.
I admit I must try it one of these days, when I have got time.
I have never used lightning network to deposit to a gambling site nor an exchange, this is mostly because I am not 100% sure how LN network works yet, I have seen it in action, the payments are fast and very cheap, but I have not taken my time to do my own research so I prefer to go woth things I already know how to use and are very cheap anyways.
I admit I must try it one of these days, when I have got time.
August 02, 2022, 08:13:40 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.
August 02, 2022, 07:28:51 AM
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. 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.
August 02, 2022, 05:21:29 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, I think I will just use Bitcoin or any altcoin that I think has cheap transaction fees. Lightning seems a bit technical (i tried learning about it but gave up midway)I have been able to transfer Bitcoin as 1 sat/vbyte at most times, so I don't think lightning network would be a necessity to me
The inner-workings under the Lightning Network is technical, like Bitcoin, or like the altcoin you're going to use to replace Bitcoin, or the ATM machine for your cash cards, or also the POS for your credit cards. But you didn't need to understand what goes on technically to start using them, didn't you? We downloaded a Bitcoin wallet and started to receive and send Bitcoin. It can also be that simple with Lightning.
July 31, 2022, 05:30:20 PM
I have recently made my first commercial transactions in LN and they went instant and cheap, as expected. I would use Lightning if available because transaction fees are lower and the deposit would be instantly confirmed in my balance, but only for little transactions: some LN wallet providers are able to perform double spend attacks thanks to turbo channels, that's why I wouldn't trust them for big transactions.
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.
No i dont think so because Lightning Network channels have usually a poor capacity. For example in Electrum you can only open channel of less than 2mBTC currently.it goes to show that one of the limitations with LN is you can only trust them with small amount of money for now. also, one of the major factor that i am seeing is the familiarity of the users to use this network. some just want to stick with the traditional btc network because it is readily available wherever they go, trading platforms, casinos and other crypto-related sites.
July 31, 2022, 04:59:25 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.
No I'm not sure about that because Lightning Network is mainly used for its speed allowing instant payments, and casinos like to be able to verify if there is nothing wrong with the account of the user before sending him his funds in one hand and need to keep a large bank roll in order to be able to pay out big winnings on the other hand. But I dont think people will want to freely let their funds on casinos after their gambling sessions if they can withdraw them instantly for free. So maybe casinos will accept deposits through LN one day, but I think they will take their time for the withdrawals. 
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.
July 31, 2022, 02:20:02 PM
I have recently made my first commercial transactions in LN and they went instant and cheap, as expected. I would use Lightning if available because transaction fees are lower and the deposit would be instantly confirmed in my balance, but only for little transactions: some LN wallet providers are able to perform double spend attacks thanks to turbo channels, that's why I wouldn't trust them for big transactions.
July 31, 2022, 01:11:03 PM
Good enough to an extent bitcoin has been made simplified forbuser to easily navigate through and make transactions but nevertheless we cannot wave away the need to learning the basics in performing these, because some mistakes are not correctible and may cost the gambler, also having this blend with the lightening network makes it more easier for users interested in that, it will always provide with the norms just as expected in gambling.
Unless in the unusual scenario of alterations in an invoice, which I don't think will happen to anybody except when someone's keyboard has been compromised by a keylogger, the lightning network does not have the complicated environment that will constantly cause users to make mistakes.
The lightning network saves a lot of fees, and this will save a lot of fees for both the player and the casino, but I feel that casinos with fixed withdrawal fees will not do this since they won't be able to receive that cuts from players again.
July 31, 2022, 12:28:42 PM
The normal transaction could be fast than LN transactions and I think the difference is the transfer fee, it's reasonable for me to pay 5-10 sats per transaction if it is a matter of the transaction speed. Well,
This is not correct. Lightning transactions are way faster than on-chain transactions even if the latter have a high fee rate. Lightning transactions are almost instant hence the name "lightning" and it doesn't cost too much.But am starting to doubt if implementing it will be beneficial for a casino as it appears there are still many users who do not understand how it works and how to use it.
July 30, 2022, 05:29:27 PM
But the point is, you can download a wallet, send Bitcoin to your Lightning wallet, and use it. My suggestion, use BlueWallet app. It's very easy with a good UI/UX.
I confirm BlueWallet is a good, easy to use tool. Definitely one should give it a try.
About transfers, it is worth to know that sending from LN to “normal” network is usually not so easy and free, you must use proxies/exchanges which increase the overall cost a little.
The normal transaction could be fast than LN transactions and I think the difference is the transfer fee, it's reasonable for me to pay 5-10 sats per transaction if it is a matter of the transaction speed. Well, LN is good if you want to have a less fee but I think you can afford to pay in a normal transaction which in my mind also helped the BTC miners through the transaction fee.
July 30, 2022, 04:59:24 PM
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, I think I will just use Bitcoin or any altcoin that I think has cheap transaction fees. Lightning seems a bit technical (i tried learning about it but gave up midway)I have been able to transfer Bitcoin as 1 sat/vbyte at most times, so I don't think lightning network would be a necessity to me
July 30, 2022, 06:40:35 AM
But the point is, you can download a wallet, send Bitcoin to your Lightning wallet, and use it. My suggestion, use BlueWallet app. It's very easy with a good UI/UX.
I confirm BlueWallet is a good, easy to use tool. Definitely one should give it a try.
About transfers, it is worth to know that sending from LN to “normal” network is usually not so easy and free, you must use proxies/exchanges which increase the overall cost a little.
That's true, but the main reason why it's usually not easy to return the Bitcoin back onchain, if you're using an app like BlueWallet, is because exchanges don't have Lightning deposits available. Anyone won't need to switch from offchain to onchain if Bitcoins in Lightning can be transacted to any exchange, or any Bitcoin merchant/service. It would just be like Bitcoin, but with a different experience.
July 29, 2022, 08:51:09 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.
If only All casino online gambling sites offers to activate their Lightning Network deposit and withdrawals? i think everyone of us will use this and also help the spread of Lightning network in how this is best to use specially with using small transaction as this was designed .but admit it that there are limited sites who has LN in their set up.
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.
July 29, 2022, 06:38:34 PM
But the point is, you can download a wallet, send Bitcoin to your Lightning wallet, and use it. My suggestion, use BlueWallet app. It's very easy with a good UI/UX.
I confirm BlueWallet is a good, easy to use tool. Definitely one should give it a try.
About transfers, it is worth to know that sending from LN to “normal” network is usually not so easy and free, you must use proxies/exchanges which increase the overall cost a little.
The normal transaction could be fast than LN transactions and I think the difference is the transfer fee, it's reasonable for me to pay 5-10 sats per transaction if it is a matter of the transaction speed. Well, LN is good if you want to have a less fee but I think you can afford to pay in a normal transaction which in my mind also helped the BTC miners through the transaction fee.
July 29, 2022, 05:44:52 PM
But the point is, you can download a wallet, send Bitcoin to your Lightning wallet, and use it. My suggestion, use BlueWallet app. It's very easy with a good UI/UX.
I confirm BlueWallet is a good, easy to use tool. Definitely one should give it a try.
About transfers, it is worth to know that sending from LN to “normal” network is usually not so easy and free, you must use proxies/exchanges which increase the overall cost a little.
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
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
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