The History Of Crypto Gambling | Bitcointalksearch.org

peter0425

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Quote from: Silberman on March 04, 2021, 08:53:41 PM

Quote from: peter0425 on March 01, 2021, 07:13:25 AM

I was looking for Freebitco.in ,Why they are not recorded in the History of your post?

Freebitco.in is the first Gambling in crypto that offers faucet right?

Sorry please enlighten me if i miss something.

I am pretty sure the post of the OP is not meant to be an exhaustive recollection of the gambling history in the market of cryptocurrencies, he probably missed some companies and developments but that is not really that important,

Yeah I get it ,though i was just trying to impose what i think is one of the first in order to compile everything for Bitcointalk record Thread, But Thanks for the clear correction .

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what matters is this industry had very humble beginnings and now it is a huge industry which is probably only behind exchanges in this market, and taking into account that gambling is so popular all around the world then it is natural to think this interest will keep growing.

Correct , they even having their own Token now in which FUN token , I have been playing in that site for long now and until now i still enjoy their faucet though it reduced my freebies to 1 satoshi per roll Grin

Silberman

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Quote from: peter0425 on March 01, 2021, 07:13:25 AM

I was looking for Freebitco.in ,Why they are not recorded in the History of your post?

Freebitco.in is the first Gambling in crypto that offers faucet right?

Sorry please enlighten me if i miss something.

I am pretty sure the post of the OP is not meant to be an exhaustive recollection of the gambling history in the market of cryptocurrencies, he probably missed some companies and developments but that is not really that important, what matters is this industry had very humble beginnings and now it is a huge industry which is probably only behind exchanges in this market, and taking into account that gambling is so popular all around the world then it is natural to think this interest will keep growing.

Stalker22

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I see that OP missed the mention of Crypto-Games as the first casino to implement altcoins payments in August 2014. Given that the casino is still alive and kicking, I think it deserves its place in this short review of Crypto Gambling History.

Quidat

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Quote from: Stalker22 on March 03, 2021, 02:04:46 PM

Quote from: qwertyup23 on March 03, 2021, 12:04:59 PM

Quote from: Stalker22 on February 28, 2021, 08:31:47 AM

Personally, I get excited about playing different games with what little I have. It's such an exciting time for cryptocurrency, and I hope that everyone will continue to enjoy gambling with it as I do. It's really awesome to see where it's all come from and where it's going.

I guess your excitement stems from your gambling habits, I suppose? Though gambling in general makes you feel the adrenaline of either winning/losing. Personally, I would avoid gambling my btcs for the moment especially that the prices are high on the market currently.

Yeah. As I have said in another topic, as long as you stick to a small and reasonable percentage of your bankroll, you'll have an easier time overcoming missteps. Yes, you can have some fun here and there, but you're not in there playing with your life savings.

Thats the most important thing you should consider or must do even how bad the situation will happen or possibilities but still you are confident because you do know that
you arent really risking out your life savings or money which are intended for other expenses in life or simply allocated into more important things than gambling.
Always set out limits because this one will really be helpful as a the times goes by.Dont tend to chase losses even if you suffered from that because you would
really be just messing out the entire situation even more if you do let yourself get caught into that certain state.

Twentyonepaylots

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Bitcoin has gone a long way from being a basically dirt-cheap asset that can barely buy a pizza to one of the biggest assets out there that also created opportunities and a whole new niche in the trading business. So when people say that bitcoin is not the future, or that bitcoin will die in a few years or so, I simply laugh at them knowing that this cryptocurrency weathered multiple storms and crashes in the span of its lifetime.

Stalker22

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Quote from: qwertyup23 on March 03, 2021, 12:04:59 PM

Quote from: Stalker22 on February 28, 2021, 08:31:47 AM

Personally, I get excited about playing different games with what little I have. It's such an exciting time for cryptocurrency, and I hope that everyone will continue to enjoy gambling with it as I do. It's really awesome to see where it's all come from and where it's going.

I guess your excitement stems from your gambling habits, I suppose? Though gambling in general makes you feel the adrenaline of either winning/losing. Personally, I would avoid gambling my btcs for the moment especially that the prices are high on the market currently.

Yeah. As I have said in another topic, as long as you stick to a small and reasonable percentage of your bankroll, you'll have an easier time overcoming missteps. Yes, you can have some fun here and there, but you're not in there playing with your life savings.

qwertyup23

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This is very interesting to see about the history of crypto gambling and on how it started.

The moment that bitcoin was already starting, some businessmen ventured into creating gambling websites because they foreshadowed its popularity beforehand. It is, however, very unfortunate that lots of fraud involving loss of BTC happened during the timeline. This is kind to be expected due to the nature of existing on the realm of the internet, where hackings are very prominent.

Quote from: Stalker22 on February 28, 2021, 08:31:47 AM

Personally, I get excited about playing different games with what little I have. It's such an exciting time for cryptocurrency, and I hope that everyone will continue to enjoy gambling with it as I do. It's really awesome to see where it's all come from and where it's going.

I guess your excitement stems from your gambling habits, I suppose? Though gambling in general makes you feel the adrenaline of either winning/losing. Personally, I would avoid gambling my btcs for the moment especially that the prices are high on the market currently.

Fundamentals Of

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Quote from: bitterguy28 on March 02, 2021, 02:03:04 AM

Fortune Jack is in the History ? wow that's great to hear , while there are many sites advertised in this forum .

All crypto gambling sites are part of the crypto gambling history. Fortune Jack came earlier than others but it was around 2 years later after the first crypto gambling site was launched and around 3 years after Bitcoin was first accepted by a poker site.

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So all in all what is the first ever gambling Dice game that accept Bitcoin ? or at least crypto currency?

Is it Just Dice?

It was in 2012 by Satoshi Dice. But Satoshi Dice was not the first ever gambling site which accepted crypto. As already said, a poker site company-Switchpoker.com already accepted Bitcoin payment before that.

jaberwock

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Quote from: robelneo on February 27, 2021, 09:51:22 AM

I wonder where is Nakowa now, who won a total of 11,000 Bitcoin, of course, he will not think back then that Bitcoin will be valued 5 digits in the future, this is the largest amount won in a dice game, But Cryptocurrency gambling has evolved into a multi-million dollar industry and one of the main promoters of Cryptocurrency, I figure that hundreds of thousands of gamblers who came here because of Cryptocurrency gambling

I am sure since he was a gambler he must have lost some other day all the coins and now might be sitting in a corner under a table wondering what he did, only if anyone of us knew the price would be what it is today .. just crazy to think about it. I have lost 0.01BTC for fun in past on gambling and now it hurts to even think about it.

Quote from: Cling18 on February 27, 2021, 12:24:13 PM

There are really lots of improvements and developments in the crypto gambling industry for years and I'm surprised to know that the first gambling platforms before are still reputable until now. Knowing the history of how crypto and gambling casinos are just living proof that crypto is too convenient for the gambling world. More people are now recognizing crypto more because of its continuous developments.

The profits for these casinos are insane and some of the casinos are running illegally which means they don't even have to pay taxes on the money collected from players.

Quote from: Stedsm on February 27, 2021, 01:02:09 PM

I was a player at Satoshidice and Justdice and IIRC, I got some CLAM coins too for playing there and being a part of their website for a long time. Satoshidice was one of my favorite sites where we just used to send our bets and then we either win if the number comes over/under the given slab, and my favorite part was when I get my winnings straight to my Blockchain wallet. Those days, I miss them a lot because they are no longer going to be back again. Undecided

Yeah, those golden times when transactions were cheap and fast hence we were able to send coins and the money came back to our wallet directly after the result of the bet, if my memory serves me right.

bitterguy28

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Fortune Jack is in the History ? wow that's great to hear , while there are many sites advertised in this forum .

_________________________________________________________

So all in all what is the first ever gambling Dice game that accept Bitcoin ? or at least crypto currency?

Is it Just Dice?

darewaller

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Quote from: fiulpro on February 26, 2021, 01:59:54 PM

3. In August 2011 first ever Poker Site came to accept bitcoins as a source of payment (company-Switchpoker.com)

Wow, I was under the impression that satoshidice was the first ever gambling casino in bitcoin history but I am glad there was Switchpoker even before them.

Quote from: fiulpro on February 26, 2021, 01:59:54 PM

9. Bitcasino.io registered themselves in Feb 2014 , so it was like the first licence ever given to a bitcoin casino.

It increases my respect towards sportsbet.io and bitcasino.io even more after knowing that they were the first licensed casino and since sportsbet.io is also from the same owners, I actually feel proud that I bet there. After directbet.eu closed, I think sportsbet is the closest to them in terms of popularity.

If I am not wrong, FJ even had a coin converter when I first used them and they accepted a long list of coins and the ability to convert coins was quite amazing.

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Quote from: peter0425 on March 01, 2021, 07:13:25 AM

I was looking for Freebitco.in ,Why they are not recorded in the History of your post? Freebitco.in is the first Gambling in crypto that offers faucet right?

Sorry please enlighten me if i miss something.

Because that was on the "and the rest is history" part.

And freebitco.in is originally a faucet, not a gambling site.

IIRC, the gambling part like dice, sports betting are added features while they are in progress.

stadus

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Nice information OP, however, if a gamblers focus in the past is just to gamble without having an interest to invest, they could enjoy the current price. Fees before are very cheap and transaction is faster, but now is different, it's time for altcoins to be expose and use as a currency for gambling purposes.

When I was new, the sites that I'm familiar with are PD, satoshidice, directbet and nitrogensports, now the crypto gambling industry are already filled with a big number of gambling sites and that is a healthy competition that will benefit us.

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Yea.... but I think sites like PrimeDice.com and Freebitco.in put dice gaming on the map. They have been around for ages and they were frequently visited by newbies for the faucets and the bitcoin to gamble on these sites.

I think Bitcasino.io opened the door to "licensed" casinos to enter the scene, but they are not the most popular casino out there anymore. Crypto casinos was not supposed to "kill" the pseudo anonymity of it's users, but with licensing comes rules and KYC regulations and that killed the anonymity. Sad

peter0425

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I was looking for Freebitco.in ,Why they are not recorded in the History of your post?

Freebitco.in is the first Gambling in crypto that offers faucet right?

Sorry please enlighten me if i miss something.

Lakai01

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Quote from: abel1337 on March 01, 2021, 04:35:17 AM

Today Crypto casino's becomes more regulated than before but it doesn't make crypto unusable in gambling in fact there are still new casinos that are launching and the OG's of Crypto Casinos are still functioning.

How can you tell that crypto casinos are more regulated nowadays than they were, say, a year ago? Do you have any examples?

I only know of regulation measures at online casinos that have existed as FIAT casinos for a long time and now also want to offer cryptos as a means of payment. Due to the close ties to FIAT, however, KYC, AML5 and co. were already in use at such casinos, for example! I would not have noticed a large "regulation movement" at common crypto-only casinos yet. If it once is mandatory that also crypto casinos for example require KYC, then many would probably have to close their doors.

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Quote from: ethereumhunter on February 28, 2021, 09:26:02 AM

Since 2011, the crypto gambling website slowly growing and become bigger. And from 2013 until now, we see that the gambling business in the crypto grows fast, and people now do not have to worry if they want to gamble using crypto. Crypto gambling site helps people use their money in crypto while they can hide from the other, including their government if in their country. Deny or not, a crypto gambling website helps crypto grow like today, and it will still grow in the future since the site has many options for coins to be used for playing gambling. That can help the gamblers to use coins they like to gamble.

I agree with this, Gambling using crypto plays a big part in making cryptocurrency grow. Actually, there are people that have discovered cryptocurrency because of gambling. Cryptocurrency like bitcoin, eth, and others shares the same qualities that gamblers want which are anonymity, decentralized, and freedom to use it. Today Crypto casino's becomes more regulated than before but it doesn't make crypto unusable in gambling in fact there are still new casinos that are launching and the OG's of Crypto Casinos are still functioning.

AicecreaME

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Quote from: cabalism13 on February 26, 2021, 02:39:28 PM

Quote from: dothebeats on February 26, 2021, 02:08:55 PM

Never knew that some of the gambling platforms are extremely old in the world of crypto. I just thought that Fortunejack started sometime in 2016, though they were around much longer than that. Also, I guess you can include some faucets that integrated some form of gambling on their platform to attract more people? Like freebitco.in which has dice on their faucet for as long as I can remember. I remember having tried playing in 2014 on that faucet and losing it all. It wasn't worth much but that was my first experience in crypto gambling, and I liked the experience.

Yeah and from what I remember freebitco.in is also the first faucet who ever existed here in crypto world (correct me if I'm wrong) also I've been hearing about Satoshi Dice somewhere last year but didn't know it was one of the first gambling platform that existed in this whole time...
Well I guess, it is only FortuneJack what I know best on that list and been playing with it until now.
So it's been a pleasure to use a platform that has been one to be considered a history

I could say the same. When I started in cryptocurrency way back 2016, freebitco is the first faucet that gave me free satoshis, and I also play gambling that time on their dice. I just keep sharing up my referral in social media that time in order to earn more satoshi every free roll, if I'm not mistaken, it is every hour. Next is Betkong and Bitsler, and the next is history as well, can't remember it all. As you all can see now, cryptocurrency gambling sites are spreading more and more all over the world every single day because of cryptocurrency's influence to people and countries.

E D I T: I'm not promoting the said faucet site and gambling sites

nitrobetting

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Safe to say that cryptocurrency has became a gambler's paradise. Competition is what interests us humans. Combine that with money, the internet, and cryptocurrency is icing on the cake.

Transactions happen in an instant and at the same time we're also finding a way our fast track to riches. Gambling has been a mainstay since the birth of Bitcoin and its amazing to see how developers have gotten good to improve both.

In my opinion, gambling is one of the best use of cryptos and there's always room to innovate and as long as there's money wagering on it, no dilemma is difficult to solve.

Lorence.xD

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Quote from: ethereumhunter on February 28, 2021, 09:26:02 AM

Since 2011, the crypto gambling website slowly growing and become bigger. And from 2013 until now, we see that the gambling business in the crypto grows fast, and people now do not have to worry if they want to gamble using crypto. Crypto gambling site helps people use their money in crypto while they can hide from the other, including their government if in their country. Deny or not, a crypto gambling website helps crypto grow like today, and it will still grow in the future since the site has many options for coins to be used for playing gambling. That can help the gamblers to use coins they like to gamble.

The people could have used their crypto in making more money instead of wasting it on gambling hoping to hit the big win but we all know that the only time that it will happen is when the Goddess of Luck smiles upon you or me. I was once an addict in gambling and good thing that I realized that overtime the money that I spent and the profit that I get will only go down, I agree that crypto gambling will grow. I wouldn't really say they help people, it is more of exploiting people of their crypto.

Topic: The History Of Crypto Gambling (Read 523 times)