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Topic: What about Ethereum-based gambling games? - page 2. (Read 257 times)

legendary
Activity: 2030
Merit: 1028
August 19, 2018, 01:46:14 PM
#10
When people decide to use bitcoin as main currency for their gambling site, it's not easy to convince people to use it.
Meanwhile altcoin become something different that people must adapt because most of their value lower than bitcoin.
I can say that ETH based gambling will have the market but usually it's lower than bitcoin's !
legendary
Activity: 3080
Merit: 1500
August 19, 2018, 01:41:34 PM
#9
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley

ETH blockchain based gambling games are not much different than the bitcoin or any other crypto currency casino. The only difference is that the provably fairness of the game is based on ETH blockchain and enforced by a smart contract. The smart contract code should be available for public viewing. However, if you overlook this factor, there are a lot of of casinos available who accepts ETH as a payment method and like any other similar casinos, ETH blockchain gambling doesn't bring any super fresh ideas in the market that can trigger mass adaptability. It's just normal online crypto casino.
hero member
Activity: 1274
Merit: 622
August 19, 2018, 12:35:31 PM
#8
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley
It will have future if there is demand. The advantage of gambling games based on Ethereum blockchain database is that they aren't powered by one centralized owner, unlike traditional databases for gambling. Centralization is always a threat: it can be hacked, the owner can scam users, it stores records about clients, like their balances, transactions and other information they input that can destroy anonymity and be used to steal assets too. Blockchain-based gambling websites, on the other hand, solve this problem as there are no 3rd parties. However, provably fair algorithm solves these problems too (well most of them, the website still can be hacked, but the chances are reduced), so maybe there's no need in Ethereum. Moreover, due to obligatory Smart contracts involvement bets in this case are processed slower than with a centralised database.
member
Activity: 175
Merit: 12
August 19, 2018, 12:07:05 PM
#7
That's the beauty of smart contracts.  You don't have to trust another party, you simply have to trust the code.
These type of contracts have a lot of use if you want to bet against another person instead of a casino.  I don't have any experience with these type of contract bets, I've only used traditional bitcoin gambling casinos but I like to keep up to date on anything new in the crypto world.

I'm interested in pvp applications as well, there's a coin pitch game right now, but its very technical, like one has to create stuff, I don't know enough to understand it.  Would love to see more in this area, maybe with an interface as well.
hero member
Activity: 1218
Merit: 534
August 19, 2018, 09:58:52 AM
#6
That's the beauty of smart contracts.  You don't have to trust another party, you simply have to trust the code.
These type of contracts have a lot of use if you want to bet against another person instead of a casino.  I don't have any experience with these type of contract bets, I've only used traditional bitcoin gambling casinos but I like to keep up to date on anything new in the crypto world.
member
Activity: 175
Merit: 12
August 19, 2018, 08:43:26 AM
#5
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley

I checked out the sites you mentioned, Etherdice is not operational(they say to try thelottery), DAO is not operational yet. vDice is bet per bet, send, get paid.  I tried playing like that somewhere else, and it's too tedious for me, I think it's better for a few big bets.  If it is a traditional site, where you deposit normal crypto, but the provably fair system is ether contract based, I can't see a massive amount of people switching from giants like prime dice and crypto games.net, just because the system in more provably fair.  Gamblers are a limited group, if they come to one site, they won't come to another, or they will split their business among a few.  I would like to see decentralized gambling, like torrent of gambling, with normal crypto, not ether tokens, but I can't see it happening anytime soon.   
legendary
Activity: 1302
Merit: 1025
August 19, 2018, 04:44:36 AM
#4
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley

Those are that uses smart contacts, right? They're okay. I'm not that fan of eth and I still prefer the tradition bitcoin-based games.
One thing that interest me tho is how the players money is secured in the smart contact and does not directly go into the casino/dice owner. This increases the security of the depositor since the money is in the smart contacts and not on the website.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 19, 2018, 04:33:59 AM
#3
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley

I think it's the same as we use bitcoin-based gambling games and it only uses a different coin to gamble. I think the other coin can be another option to gamble and the other coin also have a future to being used for a bet. the important is how the site can provide the games to the gambler so they can play without any problem and the coin does not be a problem whether the site using bitcoin, ethereum, dash, litecoin, dogecoin, or reddcoin. and the more coin in the gambling site is good because the gambler can have many options to use any coins that listed on the gambling site.
copper member
Activity: 2870
Merit: 1279
https://linktr.ee/crwthopia
August 18, 2018, 11:12:11 PM
#2
I don’t know if gambling in Bitvest in Ethereum is considered but I don’t think so. That’s what I have tried using gambling in ETH. But I don’t understand what smart contract based gambling is. Probably it’s integrated in the system? Or like decentralised exchanges? If it has certain advantages, it would be awesome.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
August 18, 2018, 06:10:23 PM
#1
Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come.

Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. Smiley
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