Question for regular casino players. Will you use Lightning if available? - page 8.

Wind_FURY

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Quote from: pawanjain on May 20, 2022, 07:35:04 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?

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.

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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.

yayayo

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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!

realpseudozach

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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/

Jemzx00

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Quote from: pawanjain on May 20, 2022, 07:35:04 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?

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.

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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.

delfastTions

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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.

Excellent observation. Indeed, if a player has just started playing in a crypto-casino, then Bitcoin certainly seems to him a prestigious and excellent coin. And the attitude towards many altcoins for such a player is about the same as for chips in a physical casino. Bitcoin is like dollars. This can really cause strong emotions, especially if a novice player is lucky and has won 100-200 thousand Satoshi.
This is much more interesting than winning TRON for example.

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Quote from: Odusko on May 13, 2022, 02:55:32 PM

Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

Me preferably I will option in to the use of a lighting network since it allows for cheaper fees and faster transaction time but then again most gambling site is not into adopting new services such as lighting networks due to some setbacks in the lightning node that are still under testnet.

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?

LUCKMCFLY

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Quote from: delfastTions on May 11, 2022, 03:15:59 AM

Quote from: ethereumhunter on May 06, 2022, 11:39:05 PM

Quote from: Distinctin on May 06, 2022, 08:56:49 AM

Most gambling sites I think have added XRP already, it's the fastest and probably the cheapest when it comes to transaction fees since XPR currently is very cheap. You'll be able to transact XPR with less than a dollar of transaction fee, and even coming from an exchange, the fee is still very cheap.

I think that's why many gamblers like to use XRP because of many factors although there are other coins that also have things that are almost similar to XRP. But they also try to use other coins to have a different experience from using XRP. But whatever it is, gamblers will definitely choose coins that will make them feel comfortable playing gambling.

With XRP, everything is clear and I agree that this is one of the most convenient coins for prompt payments in cryptocasinos.
However, it should be borne in mind that those who have the main cryptocurrencies on their balance sheet - bitcoin and Ethereum, also need to exchange for XRP, which is often inconvenient and takes extra time. Ethereum is completely unsuitable for commissions now, but for bitcoin, of course, such an option as payment through LN is a great option. You just need to have an appropriate wallet, for example ELECTRUM. It fits very well. But the question is still on the side of the casino.
Apparently no one is trying to meet the needs of users and facilitate payments in bitcoins. And it's upsetting.

I totally support what you say, for now there are many users who only use BTC and if there is no option with BTC they do not exchange them and prefer not to play, as with ETH, what is sought is that they minimize the amount in fees to spend, yes implements LN will not only be more comfortable for a large part of the casino and sports betting community, but it will attract large whales with many bets and wanting to play, 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.

delfastTions

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Quote from: Wind_FURY on May 14, 2022, 02:03:39 AM

Quote from: khaled0111 on May 13, 2022, 01:50:33 PM

Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

There are probably only two reasons I can think of why someone would prefer using altcoins over the lightning network to deposit/withdraw to/from a casino or any other crypto service. The first reason is that he never used the lightning network before and doesn't realise how easy it is to make a payment with it especially with the advancement of the wallet softwares supporting it.

The second reason is that he has all his coins stored on centralized exchanges where the fees to withdraw altcoins are way cheaper than the fees to withdraw bitcoin.

I believe there's one reason that holds more truth than your two reasons. It's plebs like us actually LOVE to invest/trade/speculate in altcoins/shitcoins, and every bull cycle brings newbies, looking for "the next Bitcoin". I was one of those plebs who day-traded, lost his savings/learned the HARD WAY. But it's partly because of the lack of education about Bitcoin and what it sets it above the shitcoins, and partly human nature of curiousity.

I agree with you that a large number of new players begin their acquaintance with crypto-casinos using different altcoins. First of all, because bitcoin is too expensive for them and the commissions in the main network are also quite large. And these players just don't know about the Lightning Network. And even if they know, they consider it difficult as soon as they hear the word "channel". Therefore, they use TRON, XRP and other coins. If they had dealt with LN from the very beginning, then its use in the crypto-casino industry would have been much greater.
But, unfortunately, this is not the case yet. Sad

Wind_FURY

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Quote from: khaled0111 on May 13, 2022, 01:50:33 PM

Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

There are probably only two reasons I can think of why someone would prefer using altcoins over the lightning network to deposit/withdraw to/from a casino or any other crypto service. The first reason is that he never used the lightning network before and doesn't realise how easy it is to make a payment with it especially with the advancement of the wallet softwares supporting it.

The second reason is that he has all his coins stored on centralized exchanges where the fees to withdraw altcoins are way cheaper than the fees to withdraw bitcoin.

I believe there's one reason that holds more truth than your two reasons. It's plebs like us actually LOVE to invest/trade/speculate in altcoins/shitcoins, and every bull cycle brings newbies, looking for "the next Bitcoin". I was one of those plebs who day-traded, lost his savings/learned the HARD WAY. But it's partly because of the lack of education about Bitcoin and what it sets it above the shitcoins, and partly human nature of curiousity.

Odusko

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Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

Me preferably I will option in to the use of a lighting network since it allows for cheaper fees and faster transaction time but then again most gambling site is not into adopting new services such as lighting networks due to some setbacks in the lightning node that are still under testnet.

khaled0111

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Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

There are probably only two reasons I can think of why someone would prefer using altcoins over the lightning network to deposit/withdraw to/from a casino or any other crypto service. The first reason is that he never used the lightning network before and doesn't realise how easy it is to make a payment with it especially with the advancement of the wallet softwares supporting it.
The second reason is that he has all his coins stored on centralized exchanges where the fees to withdraw altcoins are way cheaper than the fees to withdraw bitcoin.

decodx

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Quote from: Wind_FURY on May 13, 2022, 04:31:20 AM

A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

Yes, most definitely. Although I didn't suggest using XRP or other altcoins instead of Bitcoin for casino deposits, I can understand why some people prefer them. I have used the Lightning Network at least a couple of times already to transfer small amounts to the casino, but there are not many casinos with LN support yet.

For an easy and good UI / UX solution, I like how the BlueWallet works. You do not have to open a LN channel. There is this custodial part of the wallet where the channel is already open on their side. You just need to transfer part of the funds from the main chain to top-up the LN wallet and you're ready to go.

Wind_FURY

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A question for those people who suggested to use XRP, or TRX, or other altcoins instead of Bitcoin. If there was an easy and good UI/UX solution built to send and receive Bitcoin through the Lightning Network, would you choose that instead of the altcoin? Did you actually buy the altcoin because it's simply faster?

delfastTions

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Quote from: ethereumhunter on May 06, 2022, 11:39:05 PM

Quote from: Distinctin on May 06, 2022, 08:56:49 AM

Most gambling sites I think have added XRP already, it's the fastest and probably the cheapest when it comes to transaction fees since XPR currently is very cheap. You'll be able to transact XPR with less than a dollar of transaction fee, and even coming from an exchange, the fee is still very cheap.

I think that's why many gamblers like to use XRP because of many factors although there are other coins that also have things that are almost similar to XRP. But they also try to use other coins to have a different experience from using XRP. But whatever it is, gamblers will definitely choose coins that will make them feel comfortable playing gambling.

With XRP, everything is clear and I agree that this is one of the most convenient coins for prompt payments in cryptocasinos.
However, it should be borne in mind that those who have the main cryptocurrencies on their balance sheet - bitcoin and Ethereum, also need to exchange for XRP, which is often inconvenient and takes extra time. Ethereum is completely unsuitable for commissions now, but for bitcoin, of course, such an option as payment through LN is a great option. You just need to have an appropriate wallet, for example ELECTRUM. It fits very well. But the question is still on the side of the casino.
Apparently no one is trying to meet the needs of users and facilitate payments in bitcoins. And it's upsetting.

ethereumhunter

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Quote from: Distinctin on May 06, 2022, 08:56:49 AM

Most gambling sites I think have added XRP already, it's the fastest and probably the cheapest when it comes to transaction fees since XPR currently is very cheap. You'll be able to transact XPR with less than a dollar of transaction fee, and even coming from an exchange, the fee is still very cheap.

I think that's why many gamblers like to use XRP because of many factors although there are other coins that also have things that are almost similar to XRP. But they also try to use other coins to have a different experience from using XRP. But whatever it is, gamblers will definitely choose coins that will make them feel comfortable playing gambling.

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I would definitely use it if it was available in more than just one place. If I could put LN then take out then there is no problem but if it would be difficult to do then I wouldn't probably do it.

Like I deposit from Binance directly, yes that is a risky thing but I gamble with a small amount so if it is all gone then I wouldn't be bothered about it or lose any sleep, and Binance doesn't offer any LN transactions right now which means that even if there was a casino that did it, I wouldn't be able to do use it at all. This is what benefits us, we should be focusing a bit more on the part where it's many coins and we can pick the cheap one.

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Quote from: ethereumhunter on May 06, 2022, 08:26:32 AM

Quote from: Maslate on May 05, 2022, 10:02:17 AM

Agree with that, it's very helpful for the industry so people would not anymore worry about the cost. it's fast and cheap, that's all we want as a gambler and for sure casinos will gain plenty of gamblers if they will add LN as their alternative on their payment system. I haven't experience the LN using in a gambling site, but I would love to try it of course, currently, I'm using XRP, it's fast and cheap as well.

Using XRP to gamble or other things has really helped gamblers because, with fast and cheap transaction confirmations, gamblers don't have to wait long to start gambling right away. As an alternative to payment, LN also helps gamblers who want to experience fast transactions and low shipping costs. I also use XRP sometimes but I still mostly use BTC or LTC to gamble.

Most gambling sites I think have added XRP already, it's the fastest and probably the cheapest when it comes to transaction fees since XPR currently is very cheap. You'll be able to transact XPR with less than a dollar of transaction fee, and even coming from an exchange, the fee is still very cheap.

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Quote from: Maslate on May 05, 2022, 10:02:17 AM

Agree with that, it's very helpful for the industry so people would not anymore worry about the cost. it's fast and cheap, that's all we want as a gambler and for sure casinos will gain plenty of gamblers if they will add LN as their alternative on their payment system. I haven't experience the LN using in a gambling site, but I would love to try it of course, currently, I'm using XRP, it's fast and cheap as well.

Using XRP to gamble or other things has really helped gamblers because, with fast and cheap transaction confirmations, gamblers don't have to wait long to start gambling right away. As an alternative to payment, LN also helps gamblers who want to experience fast transactions and low shipping costs. I also use XRP sometimes but I still mostly use BTC or LTC to gamble.

Quote from: Doan9269 on May 05, 2022, 10:22:08 AM

I think the use of lightning network will also make a significant difference by helping many gamblers scale through bthe kyc request that they might encounter during the initiation of payment for withdrawal, i think this will have more of advantage to the casino operators and the gamblers as well as they both stand a chance to benefit from it all, LN should be able to byepass some minor restrictions that could be a concern when making transactions especially on user's winning.

LN is just an alternative payment that will be provided by the casino, especially if the cost of sending BTC increases drastically so that LN is expected to reduce the cost of sending it. But don't forget that casinos already have many coin alternatives that can help to reduce shipping costs so that gamblers can use the coins to send and receive their coins.

Topic: Question for regular casino players. Will you use Lightning if available? - page 8. (Read 3372 times)