Question for regular casino players. Will you use Lightning if available? - page 4.

delfastTions

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Quote from: AmoreJaz on July 09, 2022, 05:57:09 PM

the prob i am seeing here is that even top trading platforms are not offering the LN, so how can a user transfer his btc from one wallet to another. and most of these users are too lazy to learn on how to use their own wallet to transact via LN. some are just using third party platforms to transfer coins to the casinos. maybe, if exchanges will finally integrate LN, we will see more people or gamblers using LN.

Unfortunately, indeed, among those who use payments in bitcoin or payments with other altcoins, there really is an opinion about the complexity of LN. True, it is enough to figure out how to use the channels once, and such a player will immediately appreciate the meager commissions for transactions. It’s probably worth the wait, also, because interest in LN will be much greater if the bull cycle of Bitcoin begins and commissions on the main network grow. That's when all Bitcoin-supporting casinos will start implementing payment through LN.
Just waiting.

I always remember the example of El Salvador, where LN was implemented quite quickly after the legalization of bitcoins.

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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.

the prob i am seeing here is that even top trading platforms are not offering the LN, so how can a user transfer his btc from one wallet to another. and most of these users are too lazy to learn on how to use their own wallet to transact via LN. some are just using third party platforms to transfer coins to the casinos. maybe, if exchanges will finally integrate LN, we will see more people or gamblers using LN.

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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.

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Quote from: shasan on July 09, 2022, 02:19:58 PM

Quote from: delfastTions on July 06, 2022, 04:42:00 AM

I think that LN will be much more in demand in the cryptocurrency gambling industry when the entire cryptocurrency market goes into a bull cycle. Then the rates of cryptocurrencies will grow and bitcoin and all altcoins too. And accordingly, all commissions for transactions will grow. And starting at some point, when the rates of cryptocurrencies become large, many players will notice that spending on transaction fees has already become too large. And the player should quickly master LN and start saving seriously. By this time, cryptocasinos, of course, should consider the possibility of using LN in the work of these casinos. And at the right time to announce it and then increase the number of players.

When the market will be into bull then the price of the transaction fee will be increased. In this case if there available any lightning network available for depositing BTC on gambling site then a lot of user will be able to convert into lightning network as the fee on lightening network is almost 0.

Recently there's a site already which does accept lightning payment option.

https://macaw.casino/
ANN thread: https://bitcointalksearch.org/topic/macawcasino-powered-by-the-lightning-network-instant-withdrawals-no-kyc-5405538

Checking the link it is under maintenance but it was working few days back but they'll come back soon.
If we do check out the current fees of Bitcoin which is also almost free as of this moment thats why i dont see for it to be significant on switching to LN payment option
although if some do love to play on using this then its up to someones preference and choice but its really good to see another option we do have.

shasan

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Quote from: delfastTions on July 06, 2022, 04:42:00 AM

I think that LN will be much more in demand in the cryptocurrency gambling industry when the entire cryptocurrency market goes into a bull cycle. Then the rates of cryptocurrencies will grow and bitcoin and all altcoins too. And accordingly, all commissions for transactions will grow. And starting at some point, when the rates of cryptocurrencies become large, many players will notice that spending on transaction fees has already become too large. And the player should quickly master LN and start saving seriously. By this time, cryptocasinos, of course, should consider the possibility of using LN in the work of these casinos. And at the right time to announce it and then increase the number of players.

When the market will be into bull then the price of the transaction fee will be increased. In this case if there available any lightning network available for depositing BTC on gambling site then a lot of user will be able to convert into lightning network as the fee on lightening network is almost 0.

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Quote from: delfastTions on July 06, 2022, 04:42:00 AM

I think that LN will be much more in demand in the cryptocurrency gambling industry when the entire cryptocurrency market goes into a bull cycle.

Without the help of the biggest exchanges, I believe it won't. The advantage of altcoins over Lightning is it's very easy for new users to convert their fiat and withdraw to any coin they want. But not Lightning because the user is required to do a few extra steps.

Quote

Then the rates of cryptocurrencies will grow and bitcoin and all altcoins too. And accordingly, all commissions for transactions will grow. And starting at some point, when the rates of cryptocurrencies become large, many players will notice that spending on transaction fees has already become too large. And the player should quickly master LN and start saving seriously. By this time, cryptocasinos, of course, should consider the possibility of using LN in the work of these casinos. And at the right time to announce it and then increase the number of players.

But be careful with the narrative that the Lightning Network will "ALWAYS have ALMOST ZERO fees". In theory transactions in Lightning can become higher than some centralized altcoins if demand is high enough. Channel capacity is limited.

delfastTions

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I think that LN will be much more in demand in the cryptocurrency gambling industry when the entire cryptocurrency market goes into a bull cycle. Then the rates of cryptocurrencies will grow and bitcoin and all altcoins too. And accordingly, all commissions for transactions will grow. And starting at some point, when the rates of cryptocurrencies become large, many players will notice that spending on transaction fees has already become too large. And the player should quickly master LN and start saving seriously. By this time, cryptocasinos, of course, should consider the possibility of using LN in the work of these casinos. And at the right time to announce it and then increase the number of players.

LUCKMCFLY

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From all this I think that one of the most feasible ways to be able to use or implement LN is now, the market is at a very low turning point, both BTC and altcoins are going down, some experts say that the worst is over, but It is true, many prefer altcoins because their transactions are very fast and I do not know if there is any kind of statistics that those players who only play and prefer to make their transactions to casinos with BTC, both deposits and withdrawals, have. For some, their eyes may light up when they say that they have the system with LN, but it would be to leave it as an additional service for the benefit of the player, which is not frowned upon either, but because the more altcoins the better, it cannot be denied that this generates attention.

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Quote from: Saint-loup on July 01, 2022, 03:11:38 PM

Quote from: Desmong on June 29, 2022, 03:35:00 AM

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

Altcoins are not a solution because they are usually more volatile than Bitcoin, they force you to use exchanges to change your Bitcoins against them, and you have to believe in them when you want to gamble big amounts of money. Moreover they often don't provide any reputed wallet to hold them safely outside any platform. LN would allow Bitcoin believers to cheaply gamble without having to let their funds into the casino once they've finished their session.

I think bitcoin is the most volatile coin here in cryptos while alts are much more stable. Alts are created because they provide a solution to the known problems of bitcoin. No one is forced here to exchange their coins but it's up to the people if they will do this or not.

If you want to play gambling using altcoins because you think it was faster and cheaper to use then you will definitely need to convert your bitcoin to alts if ever you don't have any on your wallet. It's important to get familiarized with the casino and if what its reputation before you play gambling on them or if you are planning to store your funds on them for quite some time.

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This question can also be asked in relation to trading platforms and all service sites that enable Bitcoin withdrawals.
In fact, the Lightning Network service is very effective in reducing traffic congestion on the network and the high transfer fees as a result. This was very useful since 2017, when we did not have solutions to address the problems of the Blockchain, but today I do not find this network much useful, especially when the channels on it are not able to accommodate transactions with transfers of significant amounts. On the other hand, gambling sites benefit from the fees they impose on the withdrawal process, so there is no reason for them to complicate matters with additional technical updates and also complicate them for users, especially since only few of them know what the lightning network is and what is the importance of using it and how to use it.

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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.

You have taken a good decision and you have heard the right thing that the fee of Lightning network is too low and it can be confirmed fast then usual. So, it will be a better option to use it if our favorite gambling site use have the option of lighting network for depositing.

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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 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.

shasan

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Quote from: Desmong on June 29, 2022, 03:35:00 AM

Quote from: Don Pedro Dinero on June 09, 2022, 01:05:13 AM

Actually, no.

But simply because I haven't used it for anything yet. On some sites I use I have the option to pay in bitcoin using LN but I haven't done it. I suppose that in time it will become widespread and I will end up using it, but not at the moment. I don't really use altcoins, so I will continue to use Bitcoin and maybe in the future LN, but not exclusively for gambling.

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

Bitcoin is dominating the crypto market though altcoin is using a lot of people. But all the altcoin is not usable to everywhere and bitcoin is acceptable almost all the crypto accepted gambling site (both on casinos as well as on sportsbook). So, altcoin might be alternative in few times but we have to depends on botcoin on many places.

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Quote from: Desmong on June 29, 2022, 03:35:00 AM

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

Unlike altcoins, Bitcoin is supported by almost all crypto casinos. Therefore, the lightning network seems a better and more practical alternative than using alts. If you are going to use alts and you play on different casinos then you will find yourself forced to continuously exchange coins depending on the casino you are going to play at and the coins it supports.
Another reason, you can use a single wallet to make both on-chain and lightning transactions while in case of altcoins you probably will have to use more than one wallet.

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Quote from: Saint-loup on July 01, 2022, 03:11:38 PM

Quote from: Desmong on June 29, 2022, 03:35:00 AM

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

Altcoins are not a solution because they are usually more volatile than Bitcoin, they force you to use exchanges to change your Bitcoins against them, and you have to believe in them when you want to gamble big amounts of money. Moreover they often don't provide any reputed wallet to hold them safely outside any platform. LN would allow Bitcoin believers to cheaply gamble without having to let their funds into the casino once they've finished their session.

I want to know for your explanation if there is a big gap between Bitcoin procession in network and altcoins, because if bitcoin can be allowed through lightning network, what is the problem behind altcoin not to be allowed for the process. I think that some casino gambling site is now using altcoins for deposit because starting from the origin and also been a popular it is a bitcoin many people or majority used to fund the account for gambling casino website, it is of recent that some people began to know the important of lightning network every person mentions now or considered as another easy way of processing Bitcoin. I repeat again is there anything that bitcoin can do and altcoins cannot do because I believe that both are a decentralize currency.

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Quote from: Desmong on June 29, 2022, 03:35:00 AM

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

Altcoins are not a solution because they are usually more volatile than Bitcoin, they force you to use exchanges to change your Bitcoins against them, and you have to believe in them when you want to gamble big amounts of money. Moreover they often don't provide any reputed wallet to hold them safely outside any platform. LN would allow Bitcoin believers to cheaply gamble without having to let their funds into the casino once they've finished their session.

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Quote from: Don Pedro Dinero on June 09, 2022, 01:05:13 AM

Actually, no.

But simply because I haven't used it for anything yet. On some sites I use I have the option to pay in bitcoin using LN but I haven't done it. I suppose that in time it will become widespread and I will end up using it, but not at the moment. I don't really use altcoins, so I will continue to use Bitcoin and maybe in the future LN, but not exclusively for gambling.

I do not support the lightening network as an alternative to gambling because we have so many options now to deposit our funds on gambling platform with so many coins we can use without bothering ourselves about the lightening network. Many gambling sites now does not use the lightening network so why will I consider it as an alternative.

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Quote from: delfastTions on June 29, 2022, 12:42:43 AM

To understand all the advantages of the Lightning Network, you must, of course, try to use this network yourself. This is not difficult. By the way, after the legalization of bitcoins in El Salvador, the use of LN there has grown many times over. Of course, at first it may seem difficult when you need to block a little Satoshi in the channel. But then everything becomes easy.

I support those casinos that will introduce such a form of payments as LN. The more such casinos, the better.

The use of lightning network increase when some wallets and exchanges like CashApp supported it, it increased further when El Salvador made bitcoin a legal tender but I do not think it is because of El Salvador users that the use of lightning network increased because people using bitcoin in El Salvador are not yet much and most of them use Chivo wallet for it which has cheaper fee because it requires no on-chain transaction.

Quote from: Wiwo on June 29, 2022, 02:25:08 AM

So it is possible that some casinos or p2p exchanges may use LN since it has a cheaper fees and faster network. And if casino use lighting network it will be of a great advantage to their players but we must not also forget the fact that lighting network is a new development in the Bitcoin ecosystem and not everyone is cool with using it at the moment.

Lightning network will make fee cheaper, the transaction time is also faster. Lightning network is still under development but the project is not more new. Gamblers can make use of it for low amount of money which is what is encouraged for it to be used for.

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Quote from: Wind_FURY on June 29, 2022, 01:51:42 AM

Is that true? Because what is implemented by the El Salvadorian government is their Chivo Wallet app, which I believe to be a custodial wallet. The transactions made through the app are not Bitcoin transactions. They're mere IOUs that can be censored.

Am not sure of how true the claims of El Salvador Bitcoin lighting network usage is, however the official government approved wallet in El Salvador is the chivo wallet but then citizens may still use lighting network on a p2p level since i have not read anywhere that El Salvador does not allow p2p transactions. So it is possible that some casinos or p2p exchanges may use LN since it has a cheaper fees and faster network. And if casino use lighting network it will be of a great advantage to their players but we must not also forget the fact that lighting network is a new development in the Bitcoin ecosystem and not everyone is cool with using it at the moment.

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Quote from: delfastTions on June 29, 2022, 12:42:43 AM

Quote from: Newlifebtc on June 27, 2022, 07:11:22 AM

Quote from: Wind_FURY on June 27, 2022, 06:33:08 AM

Quote from: paxmao on June 23, 2022, 04:23:37 PM

I do not think implementing lighting is even a question. You just need to see that even if a limited number of users are willing to use it because it confers and advantage then is a question of using it to create an advantage to gather more users to use your site. From my user perspective, sure lighting is much welcome. The more alternatives the better for me.

Would you then be 100% sure to use the Lightning Network if it was available in your favorite casino? Because I'm starting to believe that more than 50% of the people who posted "yes" in the topic, won't actually use it once they learn that it will require an extra step to put Sats in your Lightning Wallet, and another extra step to convert them back to Bitcoin. If you use a custodial service/app like BlueWallet, you would need a third party service like, https://zigzag.io/

I have been hearing lightning network and I don't know how it was even to compare it with the casino gambling game I want to know the difference between this lightning network and bitcoin and the casino game does it mean that this lightning network is a very important to the extent that it consist on it home like a Bitcoin or it is a network that support the industry of Bitcoin procession I think I need more explanation

To understand all the advantages of the Lightning Network, you must, of course, try to use this network yourself. This is not difficult. By the way, after the legalization of bitcoins in El Salvador, the use of LN there has grown many times over. Of course, at first it may seem difficult when you need to block a little Satoshi in the channel. But then everything becomes easy.

Is that true? Because what is implemented by the El Salvadorian government is their Chivo Wallet app, which I believe to be a custodial wallet. The transactions made through the app are not Bitcoin transactions. They're mere IOUs that can be censored.

Quote

I support those casinos that will introduce such a form of payments as LN. The more such casinos, the better.

It can become quite technical if you want to use it non-custodially. I will ask the Lightning experts how to use it without depending on a third party.

Topic: Question for regular casino players. Will you use Lightning if available? - page 4. (Read 3370 times)