The future of CBDC in gambling. - page 2.

Kelvinid

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when lambo...

Quote from: tusandii on March 31, 2023, 03:51:17 AM

Quote from: TheGreatPython on March 30, 2023, 12:53:20 AM

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

They will only make efforts in vain if they want to eradicate the use of crypto or decentralized digital coins like Bitcoin. They are just a new breakthrough that is impossible to get rid of crypto completely.
Cryptocurrencies are against their goals but they cannot erase or eliminate crypto from people's lives and in the gambling industry.
Precisely if they try hard and oppose crypto continuously then there is no doubt that they will be the ones who will disappear from the gambling industry.

I even thought that CBDC will never be accepted than cryptocurrencies.
Assuming that gambling sites and casinos will accept CBDC, the more I believe that it will increase the use of crypto than see its collapse. The fact that the gambling industry is growing, the more we think that several options will arise rather than seeing reducing. Well, the goal of these gambling sites' owners is to give a convenient way of betting and they are supposed to give the best option if possible.

noormcs5

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Quote from: rhomelmabini on March 29, 2023, 05:29:14 PM

Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

If CBDC are controlled by the government then I don't think the people who use crypto will want to use CBDC and this holds true for the gamblers also.

Most of the gamblers will prefer to bet using bitcoin, litecoin coin, dogecoin etc and may not use CBDC completely. I hope the casino's do not make CBDC usage mandatory.

Well we adopt bitcoin because it is decentralized and we will never adopt CBDC as it is centralized.

Iroh

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I think CBDCs might just have a place in the gambling world. Online Casinos, in a bid to attract new players would evolve and become more innovative. I think casinos would make allowances for CBDCs as a mode where you could make deposits and withdrawals to attract players who would prefer to use them.

I also don’t think the inclusion of CBDCs into the gambling scenes would affect the use of cryptocurrencies in any way. Players using cryptocurrencies to play games would still prefer to use cryptocurrency cause of its anonymity and ease of transactions.

Fesatmas

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Quote from: rhomelmabini on March 29, 2023, 05:29:14 PM

Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

coercion system I think it's impossible, I think the government will only provide its services slowly so that people can choose which one to use, CBDC is not the same as crypto, CBDC is the same as fiat which is centralized and fixed by the government although basically I'm quite confused with the CBDC system as intended resistance to Crypto.
I suspect that even if it was adopted by the general public, gambling platforms would also adopt CBDCs as a “possible” Fiat replacement or stablecoin alternative. and I also feel that it will not affect crypto in gambling, I think it will run the same as now.

tusandii

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Quote from: TheGreatPython on March 30, 2023, 12:53:20 AM

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

They will only make efforts in vain if they want to eradicate the use of crypto or decentralized digital coins like Bitcoin. They are just a new breakthrough that is impossible to get rid of crypto completely.
Cryptocurrencies are against their goals but they cannot erase or eliminate crypto from people's lives and in the gambling industry.
Precisely if they try hard and oppose crypto continuously then there is no doubt that they will be the ones who will disappear from the gambling industry.

EarnOnVictor

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Quote from: TheGreatPython on March 30, 2023, 12:53:20 AM

Quote from: bittraffic on March 27, 2023, 11:01:32 PM

Quote from: Alisha-k on March 27, 2023, 10:19:49 PM

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. Grin

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

The world is revolving, there is nothing anyone can do about that, CBDC will be the order of the day soon, it will only be wise that everyone gets ready for it. This will bring the world closer when it comes to money and finances, and this will more effectively oversight transactions to avoid many illegal flows that are happening now.

What you have explained is all correct and you are one of the few that truly understand the situation and mean well for society.

Lahlad

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It's good that you gave yourself time to think about this question.

TheGreatPython

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Quote from: bittraffic on March 27, 2023, 11:01:32 PM

Quote from: Alisha-k on March 27, 2023, 10:19:49 PM

Whether the CBDC is accepted it not, I do not think it'll enhance the economy or reduce the current inflation.
It is not a crypto currency afterall. But I think it'll be easier to adopt the CBDC as legal tender than to adopt crypto currency.

CBDC is developed by the government of course it will be adopted as an alternative to the real fiat we use right now. Basically, it's what we are going to be using, it's going to be normalized and we can use it anywhere including gambling online.

But they do have digital control of your spending, if they see you spend more on gambling I guess they can turn off your app to not work on casinos and you can only buy Mcdonald's chips. Grin

I don't think that the control that they wish to gain is to safeguard users or to prevent them from losses or spending a lot of money on gambling or anything else, but their primary goal will probably be to impose taxes on the users based on their financial activities, and if we use CBDCs, we will literally give them the right to keep an eye on our expenses and finances.

Soon after CBDCs are accepted in gambling and many other places, they will start trying to remove the usage of cryptocurrencies or decentralized digital coins like Bitcoin since they are totally against their goals.

aioc

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Quote from: Vaculin on March 27, 2023, 06:59:02 PM

Quote from: bitbollo on March 22, 2023, 01:49:44 PM

CBDC is legal tender (once it will be emitted)... so for sure ... casino will accept it! it's also their interest and probably it will become one day the only form of payment in a casino.
The only chance to see not accepter is a scenario with casino/betting illegal/banned.
But I think this is something impossible for the next decades

Yes, CBDC has its higher chances to be accepted as a legal tender in the casino but I don’t see its happening soon as cryptocurrencies are still much in demand than using CBDC. However, this is really possible as CBDC is a legal form of currency and is always backed by a central bank, so definitely if the government will make a rule to make CBDC as the only currency that will be accepted in casinos, then we as gamblers should always abide with it and consider cryptocurrencies as no place in gambling.

It's still the gambling community that will decide if they are going to support it or not, not all governments all license issuers can make a rule to accept CBDC on all casinos, casinos can include it as one of the payment processors based on the recommendation but no authorities can make it mandatory to us to replace fiat, it's still the betting public that will have a say on what currency will they use.
And we all know the gambling community is comfortable using Cryptocurrency, if it's not broken there's no need to fix it.

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Quote from: maydna on March 29, 2023, 05:25:50 PM

Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

None is gonna affected by the CBDC inclusion, because people who have used cryptocurrency for gambling will never move to fiat or something else further. As stated fiat users could find CBDC to be something more advanced and use it. CBDC is nothing better than the digital format of fiat. It favours the government providing each and every transaction, so this is going to be a choice for fiat users and not the cryptocurrency users.

rhomelmabini

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Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

Well, that's not being forced yet since CBDCs aren't adopted yet worldwide but when it goes to the market there's no way government won't force it. I think if CBDCs will be introduced guess it was a win-win situation for crypto as a whole, just my opinion.

maydna

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Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

We hope so but cannot know what the government wants in the future. If they want CBDC to be adopted by any service platform, they can do it easily because they can force it on any service owner. However, the government really doesn't like crypto that can protect the anonymity of its users so maybe in the future, the government will still ask for services to add CBDC to its system. Hopefully, it doesn't affect bitcoin and other cryptos, but we just have to be more careful. Perhaps, using CBDC provides convenience for ordinary users but not crypto users.

Fatunad

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Quote from: Yatsan on March 28, 2023, 07:26:07 PM

Quote from: Fatunad on March 28, 2023, 05:57:51 PM

Quote from: Z390 on March 28, 2023, 04:37:23 AM

All gambling platforms available in the world today can start accepting CBDC but me as a person will never use that currency, and it is not possible for the government to order all gambling platform to reject all other currencies and accept on CBDC for gambling, this is not possible, so I have no problem using cryptocurrency to keep gambling after CBDC get launched or failed, I don't care.

Its just fiat and it is really just the same on which if we are a crypto enthusiast whom do mainly support about decentralization then you would definitely not able to see these things to be interesting.
Its not really that totally different when you do make use of fiat which it would be better if we do stick on making use of Bitcoin and other decentralized altcoins.
This is why its not really that something interesting on looking up which this kind of addition which it isnt something that really a big chance.
We arent needing these things honestly.

Also, if fees would be higher then for sure people in this industry won't be even encouraged to support this digital currency to be used in gambling. Indeed it is just fiat and for sure rates would be the same. People who engaged to cryptogambling has their own reasons to switch and one is to avoid taxes in terms of withdrawal. What has been announced regarding Macau based online gambling platforms, I guess, won't mean a thing in cryptogambling industry. This industry follows the trend. If more people would prefer crypto in betting, then why would they go up against the 'current'? But I can atleast see the impact of this; acceptance of gambling industry to more countries, and not solely with the used medium.

Knowing that CBDC's are equal to fiat or something a stable coin then its expected that fees would be lesser or just simply on minimal and wont really be getting in line compared to those current decentralized coins that we do have.Somewhat even this is the case then people wont really be seeing this to be an interesting thing because it isnt really that something attached if we do speak about recognition of crpytocurrency which
cbdc has nothing to do with this.If we do really like to see something interesting on gambling field then we dont want more payment options but rather we do really like to see something new
or interesting when it comes to game offerings.

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Quote from: jrrsparkles on March 29, 2023, 08:00:13 AM

Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

I am not so sure that governments are going to take such a relaxed stance when it comes to CBDCs, governments are going to make their coins legal tender, and by definition that means that any person or businesses conducting transactions on their territory has to accept those coins, and once those coins are released it would not surprise me that they aggressively promoted their coins over the stable coins we have today, and it is even possible they attack them directly and make them illegal for people to hold.

jrrsparkles

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Governments doesn't really force CBDC to be adopted by any service platforms, they use this as a tool to tackle the crypto currency when people say fiat system is old so government claims their current CBDC is same as blockchain and with most people unaware of what is decentralised money will go after CBDC. However about the casinos there won't be much affect for Bitcoin or other cryptos due to the inclusion of CBDC cause it's going to affect the fiat based users more in my opinion.

_act_

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Quote from: Z390 on March 28, 2023, 04:37:23 AM

All gambling platforms available in the world today can start accepting CBDC but me as a person will never use that currency, and it is not possible for the government to order all gambling platform to reject all other currencies and accept on CBDC for gambling, this is not possible, so I have no problem using cryptocurrency to keep gambling after CBDC get launched or failed, I don't care.

Even as there is fiat now, I can still use bitcoin and other crypto to gamble, even there are some sites that accept just crypto as there are some that only accept fiat too. CBDCs not more than fiat, they are fiat and if they are created, it is not going to change anything. There is even possibility that many sites may choose not to accept CBDCs first unless they see their customers requesting for it too much, or they see other sites accepting it already.

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Quote from: slapper on March 27, 2023, 02:06:53 PM

Ain't no lie, the future of gambling with CBDCs is shining like the Vegas strip! Digital currencies are stepping up, and the gambling game ain't the same since the first Bitcoin casino popped up back in 2012. Now, CBDCs enter the scene, and we can bet on the gambling world getting even more digital.

It's only natural to accept CBDCs as tender in Macau, the gambling capital of the world. The casinos are vital to their economy, thus they must be open to change if they are to survive. Macau's casinos will likely begin courting CBDCs in the near future.

It's probably better if it stays only within land-based casinos and they don't force online or crypto casinos to also implement or accept CBDCs as a payment option or an option that users can use to bet within games. If that happens, I'm sure they will slowly start forcing the casinos to stop accepting cryptocurrencies anymore since that is their primary goal.

All they want is to replace cryptocurrencies with CBDCs everywhere possible so that they can gain control over the finances of people which they can't do as long as they are using cryptocurrencies. So they are pushing CBDCs ahead to force-replace cryptocurrencies.

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Quote from: Fatunad on March 28, 2023, 05:57:51 PM

Quote from: Z390 on March 28, 2023, 04:37:23 AM

All gambling platforms available in the world today can start accepting CBDC but me as a person will never use that currency, and it is not possible for the government to order all gambling platform to reject all other currencies and accept on CBDC for gambling, this is not possible, so I have no problem using cryptocurrency to keep gambling after CBDC get launched or failed, I don't care.

Its just fiat and it is really just the same on which if we are a crypto enthusiast whom do mainly support about decentralization then you would definitely not able to see these things to be interesting.
Its not really that totally different when you do make use of fiat which it would be better if we do stick on making use of Bitcoin and other decentralized altcoins.
This is why its not really that something interesting on looking up which this kind of addition which it isnt something that really a big chance.
We arent needing these things honestly.

Also, if fees would be higher then for sure people in this industry won't be even encouraged to support this digital currency to be used in gambling. Indeed it is just fiat and for sure rates would be the same. People who engaged to cryptogambling has their own reasons to switch and one is to avoid taxes in terms of withdrawal. What has been announced regarding Macau based online gambling platforms, I guess, won't mean a thing in cryptogambling industry. This industry follows the trend. If more people would prefer crypto in betting, then why would they go up against the 'current'? But I can atleast see the impact of this; acceptance of gambling industry to more countries, and not solely with the used medium.

Fatunad

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Quote from: Z390 on March 28, 2023, 04:37:23 AM

All gambling platforms available in the world today can start accepting CBDC but me as a person will never use that currency, and it is not possible for the government to order all gambling platform to reject all other currencies and accept on CBDC for gambling, this is not possible, so I have no problem using cryptocurrency to keep gambling after CBDC get launched or failed, I don't care.

Its just fiat and it is really just the same on which if we are a crypto enthusiast whom do mainly support about decentralization then you would definitely not able to see these things to be interesting.
Its not really that totally different when you do make use of fiat which it would be better if we do stick on making use of Bitcoin and other decentralized altcoins.
This is why its not really that something interesting on looking up which this kind of addition which it isnt something that really a big chance.
We arent needing these things honestly.

kenshi222

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Central Bank Digital Currency is the long term preservative one.The bitcoin will be the best option to make the CBDC to the world digital currency.When the bitcoin become a CBDC,the most of the gambling site will make it as the mode of coin use in the gambling.Maybe it became the only acceptable cryptocurrency in all the gambling sites.It will increase the price of bitcoin to 200k dollars at the time of the implementation.Even the United States will allow the bitcoin to become a CBDC for the other currencies after they had control over the cryptocurrency and the bitcoin.

So bitcoin will become the deposit in the bank and act as a mode of transaction.All the government may implement their own cryptocurrency as Digital Currency.Because every country need of their own cryptocurrency at the time of all countries had own digital cryptocurrency.When the United States created their digital cryptocurrency,the competition between bitcoin and US based Digital currency.

Topic: The future of CBDC in gambling. - page 2. (Read 774 times)