Topic: Question for regular casino players. Will you use Lightning if available? - page 7. (Read 3370 times)

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?

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.

I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha.

Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me.

For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with.

I thought the point you were making was, if given the choice between which coin to gamble with, for example Bitcoin or Dogecoin, the decision would always be gamble and throw away the Dogecoin but keep the Bitcoin because it's more valuable. Defining "valuable" here is not what is "financially valuable", but what's truly valuable based on the coin's underlying nature. Bitcoin is the most valuable of them all.

Yes that is true and I would do the same in the given scenario but at the same time my point was a little different.
Suppose I have two coins in my wallet which is bitcoin and dogecoin and if I want to gamble then I would choose dogecoin and save bitcoin in my wallet.
Indirectly it's the same thing because is always more valuable than any other cryptocurrency both financially and technically because of the underlying nautre of it.

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Quote from: Wind_FURY on May 24, 2022, 07:15:46 AM

I thought the point you were making was, if given the choice between which coin to gamble with, for example Bitcoin or Dogecoin, the decision would always be gamble and throw away the Dogecoin but keep the Bitcoin because it's more valuable. Defining "valuable" here is not what is "financially valuable", but what's truly valuable based on the coin's underlying nature. Bitcoin is the most valuable of them all.

I think that any person prefers bitcoin.
Especially if the alternative is not even Ethereum or XRP, but Doge. This is such a coin, which generally rose from oblivion through the efforts of Elon Mask. And of course there is less trust in it than in bitcoin. This raises the question of the relevance of LN. It’s better not to exchange bitcoins for dogecoins and vice versa once again. At the same time paying extra commissions.

Wind_FURY

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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?

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.

I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha.

Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me.

For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with.

I thought the point you were making was, if given the choice between which coin to gamble with, for example Bitcoin or Dogecoin, the decision would always be gamble and throw away the Dogecoin but keep the Bitcoin because it's more valuable. Defining "valuable" here is not what is "financially valuable", but what's truly valuable based on the coin's underlying nature. Bitcoin is the most valuable of them all.

realpseudozach

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Quote from: jossiel on May 21, 2022, 03:22:01 AM

Quote from: realpseudozach on May 20, 2022, 11:51:44 PM

definitely yes! and for all other people that answer yes I already built something here.

https://t.me/lncoinflipbot
It's a coin flip telegram bot that you can play with lightning. it's provably fair! give it a try/

I think I've seen the same gambling game that's built through telegram's bot.

How long you've been operating with this flip coin game on telegram? So as it accepts LN, it's probably also accepting other cryptos.

Quote from: wildan88 on May 19, 2022, 12:29:04 AM

Since some players are not using it too even though the fees are cheaper paying $5 is also cheaper for them too and it is less complicated than LN as many people here are still not understand what LN is , does the LN only uses small amount or it can be used too in bigger transactions?

AFAIK, LN is only ideal for small transfers but there's a development that's going there for larger transfers.

no it only accepts Bitcoin on Lightning. There's no need for other cryptos. All my apps and services are Bitcoin only.
Lightning Network is fast/cheap transfer bitcoin, why use anything else? It's very easy to use.
Just download any wallet and send/receive.

realpseudozach

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Quote from: yayayo on May 21, 2022, 02:20:27 AM

Quote from: realpseudozach on May 20, 2022, 11:51:44 PM

definitely yes! and for all other people that answer yes I already built something here.

https://t.me/lncoinflipbot
It's a coin flip telegram bot that you can play with lightning. it's provably fair! give it a try/

Does it have a faucet? I would like to try it if there is a faucet and if there's none maybe I could try it with few satoshis. Did you developed it by yourself and it's provably fair? I hope I could verify it when I flipped the coin.

ya.ya.yo!

yes there's a faucet - here's a youtube livestream that goes live every day and gives out 10 satoshis at a time.
You can claim the vouchers by scanning the code with any supporting Lightning wallet.
https://youtu.be/SB13lpynJZc
it's live right now

TribalBob

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I don't think I will use it because I don't understand it, I use web services 3 is enough and I don't want to lose a lot of money if I lose later

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This is ridiculous, every reputable gambling site should credit when it's safe to. No one wants to currently use LN for large amounts because of how temperamental it is and cannot safely store BTC.

The LN also focuses more on micro transactions and the gambling minimums on games is not micro

directbet is a prime example of a site that went under because it paid winning bets before their deposits were confirmed. So losing bets never confirmed.

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Quote from: Jemzx00 on May 22, 2022, 07:44:12 AM

Quote from: jostorres on May 21, 2022, 01:26:42 PM

Quote from: Jemzx00 on May 20, 2022, 10:01:03 AM

Yes, Lightning Network or LN is for bitcoin as it lessen the fees for transaction and it might be a great way for casino to implement it especially for withdrawals on their platform. However, as Users or Gamblers, I might rather not consider it as of now since most of the online casino or gambling platform that have offers other tokens and it also feature swapping or converting btc to other tokens that will helps us with transaction fee and traffic.

Never see any other cryptos aside from btc that uses LN so maybe it is only for btc. LN helps lessen the fee and can also speed up the transaction which is a good thing for btc users. Btc users always dream of this and finally LN came to make this dream a reality. Every casino should implement it. I know that it seems late already because LN wasn't a new thing anymore and every casinos already started using different kind of altcoins but for once, maybe they can make the wish of the users here come true?

Users here always wanted to see and experience LN on the gambling site that they like. Why a casino cant approve this simple request? Are there any problems? Is setting up LN on a gambling site complicated and can cost a lot? Hmm...

LN or Lightning Network can easily be implemented on various online casino or gambling sites however is it really worth they're time to do so since LN is only applicable for bitcoin. Also, if a client or gambler would like to deposit on their account faster, then they have various options to do so such as additional fees, or even depositing on using other cryptocurrency that offers lesser fees and faster transaction.

Even if these gambling platforms would implement it, how many players will be able to use it? Upon checking on this forum, there are some campaigns where LN are introduced and has been offered to try in exchange of a bucks thru btc however only a few even tried to do so.

the reason why the adoption is slow is maybe, not many people are familiar how to use LN even if there are tutorials out there. and most if not all crypto-exchanges or trading platforms don't have LN in their network. let's say, binance will offer BTC (LN), i have the feeling that the usage will increase if some of these reputable exchanges will include LN. exchanges are integrating other networks like BSC, SOL, MATIC, and others, but why not LN?

Jemzx00

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Quote from: jostorres on May 21, 2022, 01:26:42 PM

Quote from: Jemzx00 on May 20, 2022, 10:01:03 AM

Yes, Lightning Network or LN is for bitcoin as it lessen the fees for transaction and it might be a great way for casino to implement it especially for withdrawals on their platform. However, as Users or Gamblers, I might rather not consider it as of now since most of the online casino or gambling platform that have offers other tokens and it also feature swapping or converting btc to other tokens that will helps us with transaction fee and traffic.

Never see any other cryptos aside from btc that uses LN so maybe it is only for btc. LN helps lessen the fee and can also speed up the transaction which is a good thing for btc users. Btc users always dream of this and finally LN came to make this dream a reality. Every casino should implement it. I know that it seems late already because LN wasn't a new thing anymore and every casinos already started using different kind of altcoins but for once, maybe they can make the wish of the users here come true?

Users here always wanted to see and experience LN on the gambling site that they like. Why a casino cant approve this simple request? Are there any problems? Is setting up LN on a gambling site complicated and can cost a lot? Hmm...

LN or Lightning Network can easily be implemented on various online casino or gambling sites however is it really worth they're time to do so since LN is only applicable for bitcoin. Also, if a client or gambler would like to deposit on their account faster, then they have various options to do so such as additional fees, or even depositing on using other cryptocurrency that offers lesser fees and faster transaction.

Even if these gambling platforms would implement it, how many players will be able to use it? Upon checking on this forum, there are some campaigns where LN are introduced and has been offered to try in exchange of a bucks thru btc however only a few even tried to do so.

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Quote from: Quidat on May 21, 2022, 01:34:24 PM

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?

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.

I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha.

Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me.
For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with.

I was shocked about cons outweighs it pro's where you had emphasized about investment decisions or matter where you do really got the point but if we do talk about technical aspects then i dont
see for Bitcoin for it to be non relevant since its the main coin.If LN would be available or something that would really be integrated on gambling casinos which we have seen some of them
able to do so then its not really that a bad idea but there are some talks about being still on development thats why it cant really be seen in most
gambling sites for it o be available.

Yes ofcourse. I don't want to use bitcoin for gambling not because of the technical aspects but because of the potential and value of bitcoin.
The technical aspects are super fine for it to be used for gambling but according to my perspective it is too valuable for me to lose it in gambling.
This is why I tend to accumulate some altcoins for gambling perspective and save my bitcoins as an asset value.

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Quote from: LUCKMCFLY on May 18, 2022, 08:20:52 PM

the fact of playing with BTC gives much more emotion than with another crypto, and now that there is a drop in btc some players want to increase their balance in BTC and what better option to play.

I concur! And actually, there is another reason I forgot to mention on my previous reply on why gamblers prefer using shitcoins instead of bitcoin especially when playing dice games and the like. The reason am talking about is the minimum bet amount which is always lower when using an altcoin than when using bitcoin.
I remember most dice players preferred to play with Doge coin which didn't have a signifiant value back then.
Not sure if LN can help in solving this issue, though.

perla

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For a player it is especially important that a deposit is credited to his account. Nowadays it also goes very fast without a lightning network. A player wants to have confidence that his money will be in his account. A few minutes nowadays is the maximum that a player wants to wait at a gambling site. Waiting half an hour would be a long time these days. Besides that, there is no other advantage with lightning deposit.

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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?

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.

I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha.

Everything has it's own pros and cons. When it comes to gambling with bitcoin I think the cons outweigh the pros for me.
For me, bitcoins are too valuable to lose in gambling which is why I never gamble with my BTC and rather opt for free coins to gamble with.

I was shocked about cons outweighs it pro's where you had emphasized about investment decisions or matter where you do really got the point but if we do talk about technical aspects then i dont
see for Bitcoin for it to be non relevant since its the main coin.If LN would be available or something that would really be integrated on gambling casinos which we have seen some of them
able to do so then its not really that a bad idea but there are some talks about being still on development thats why it cant really be seen in most
gambling sites for it o be available.

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Quote from: Jemzx00 on May 20, 2022, 10:01:03 AM

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.

Yes, Lightning Network or LN is for bitcoin as it lessen the fees for transaction and it might be a great way for casino to implement it especially for withdrawals on their platform. However, as Users or Gamblers, I might rather not consider it as of now since most of the online casino or gambling platform that have offers other tokens and it also feature swapping or converting btc to other tokens that will helps us with transaction fee and traffic.

Never see any other cryptos aside from btc that uses LN so maybe it is only for btc. LN helps lessen the fee and can also speed up the transaction which is a good thing for btc users. Btc users always dream of this and finally LN came to make this dream a reality. Every casino should implement it. I know that it seems late already because LN wasn't a new thing anymore and every casinos already started using different kind of altcoins but for once, maybe they can make the wish of the users here come true?

Users here always wanted to see and experience LN on the gambling site that they like. Why a casino cant approve this simple request? Are there any problems? Is setting up LN on a gambling site complicated and can cost a lot? Hmm...

pawanjain

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