I just copied the title from a
blog I read recently. Basically the writer provided some reasons why online gamblers would use Bitcoin gambling platforms more because of the halving.
1. Bitcoin Casinos Are Secure
When you gamble online with Bitcoin, you don’t have to share your credit card or bank details with the casino. You deposit BTC straight from your Bitcoin wallet, and when you win, you withdraw to it. The wallet doesn’t give away any details about you, and if a hacker did break into the casino, all they would see is your wallet address and transaction history. Without your private keys, they can’t do anything with your wallet address. Therefore, Bitcoin casinos are safer and more secure than fiat casinos.
2. Bitcoin is Maturing and People Sense It
After the previous two halvings, in 2012 and 2016, barely anyone had heard of Bitcoin. These days, Bitcoin is talked about in the mainstream media often, and the number of users has increased dramatically. Even CNBC hosts and Wall Street legends like Paul Tudor Jones talk about Bitcoin’s bright future. There’s a sense that Bitcoin is reaching a new level of maturity and is being accepted by people who previously dismissed it. Many BTC holders are convinced that institutions such as pension funds will soon buy and hold Bitcoin, so the price increase could be larger than anything we have seen before.
3. Bitcoin Is Changing Gambling for the Better
Bitcoin itself has forever changed money, but it has a number of knock-on effects which are positive for online gambling, too. For example, since all Bitcoin transactions are recorded on the blockchain, it is impossible for rogue casinos to steal your deposits and deny that you ever made them. Likewise, there are now Provably Fair casino games that use blockchain technology and hashing to make sure that game outcomes are truly random and honest. These innovations will clean up casino gaming and squeeze rogue operators out.
1. That should have been "Bitcoin Casinos Are
More Secure". Hackers unable to access your personal wallet because they don't have the private key doesn't mean you are already safe. Remember that even some Bitcoin casinos require KYC verification now and if hackers got a hold of your personal info, you are still be a potential target especially if they found out that you hold a large sum of Bitcoins.
2. Bitcoin survived the "bubble" that's why these guys are now acknowledging Bitcoin in different capacity.
3. I read some articles saying Bitcoin worsened the illegal online gambling situation. This is probably the first one that says it actually makes online gambling better
The writer went on to add why the halving is special for online gamblers:
Potential Gains!He/She assumes that gamblers will hold their
BTC winnings because of the potential that it will pump to $100K or to whatever price as an effect of the halving.
I cannot say that I agree with that assumption. It's a bit of a stretch imo. I mean gamblers are gamblers but they are not necessarily speculators. Some gamblers are probably wiser than others in keeping their winnings but doesn't mean they will save it as Bitcoins. They could easily convert it to fiat and just deposit them into their bank accounts.
Disclaimer: The blog is promoting another casino. I'm not part of that.
