what innovations can crypto bring to gambling?

grtthegreat

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Quote from: maku on August 20, 2016, 08:32:13 PM

Innovation is already here. It is sufficient that you have bitcoin and you are perfectly fine to start your online gambling journey.

Isn't it the same with fiat too? As long as you have the money, you can gamble it at some casino.

Quote from: maku on August 20, 2016, 08:32:13 PM

Simplicity is the name of the game here - sometimes you don't even need to create account and you can start playing right after site is done loading.

Now show me where I can play with USD, EURO or any other standard FIAT currency in the same way?

The simplicity being offered is because Bitcoin protocol as a whole is kind of a thing specially meant for financial anonymity. But since fiat currency isn't anonymous, so you have to got through some KYC type of steps. And since the fiat isn't easy to gamble, that'd the reason it's less risky than bitcoin.

maku

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Innovation is already here. It is sufficient that you have bitcoin and you are perfectly fine to start your online gambling journey.
Simplicity is the name of the game here - sometimes you don't even need to create account and you can start playing right after site is done loading.

Now show me where I can play with USD, EURO or any other standard FIAT currency in the same way?

Superhitech

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Quote from: pooya87 on August 19, 2016, 11:00:06 PM

Quote from: Superhitech on August 19, 2016, 10:25:16 PM

Quote from: BitMaxz on August 19, 2016, 04:28:35 PM

I think it will be the same as the present if what is gambling today. the problem is if bitcoin will be popular or trends in our country and they know bitcoin use for gambling maybe it will be ban in the future if they know bitcoin is anonymous and use for gambling..
And i hope it will not happen in the future..

I doubt gambling with bitcoin can be banned, as bitcoin is anonymous and can't be traced.

And yes, I think that crypto has already brought all the innovations to gambling; I think it will stay the same in the future. Perhaps confirmations can be processed quicker in the future?

if you are talking about bitcoin confirmations then no that is not going to happen because confirmation means creating of new blocks and that is based on the protocol unless you want to change that it is not going to happen.
although there are off-chain solutions, also there are altcoins which you can always use.

I meant that being deposited into your wallet without any confirmations needed, some casinos do it already but not all. Perhaps in the future every single casino will be able to have this feature, which would be great in my opinion.

pooya87

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Quote from: Superhitech on August 19, 2016, 10:25:16 PM

Quote from: BitMaxz on August 19, 2016, 04:28:35 PM

I think it will be the same as the present if what is gambling today. the problem is if bitcoin will be popular or trends in our country and they know bitcoin use for gambling maybe it will be ban in the future if they know bitcoin is anonymous and use for gambling..
And i hope it will not happen in the future..

I doubt gambling with bitcoin can be banned, as bitcoin is anonymous and can't be traced.

And yes, I think that crypto has already brought all the innovations to gambling; I think it will stay the same in the future. Perhaps confirmations can be processed quicker in the future?

if you are talking about bitcoin confirmations then no that is not going to happen because confirmation means creating of new blocks and that is based on the protocol unless you want to change that it is not going to happen.
although there are off-chain solutions, also there are altcoins which you can always use.

Superhitech

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Quote from: BitMaxz on August 19, 2016, 04:28:35 PM

I think it will be the same as the present if what is gambling today. the problem is if bitcoin will be popular or trends in our country and they know bitcoin use for gambling maybe it will be ban in the future if they know bitcoin is anonymous and use for gambling..
And i hope it will not happen in the future..

I doubt gambling with bitcoin can be banned, as bitcoin is anonymous and can't be traced.

And yes, I think that crypto has already brought all the innovations to gambling; I think it will stay the same in the future. Perhaps confirmations can be processed quicker in the future?

tokeweed

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I'd like to see P2P, cryptographically secure, unregulated online poker. Bring back the purity of the game through technology. I'm sick and tired of how commercial the game has become. I'd like to see the days of the backroom players return. But with the new generation and this time it's all happening online.

Indrawan77

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As we can see crypto currency already bring new phenomena to the gambling world, we can see the numbes of the gamblers keep on increasing after crypto currency casino being introduced, it has bring a good impact to the gamblers, now the gamblers can sit in their home and gamble using laptop and internet, and the great things is you can gamble with a low bet and you can get it from the site faucet

carriagehoodlum

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Quote from: fullypak on August 19, 2016, 08:01:28 PM

Quote from: CroIsBest on August 01, 2016, 03:06:53 PM

Crypto give us innovatioms in bettimg and gamimg like promotions which give us free money without risking own momey without any deposit and give more people opportunies for easy money.

It looks you understood gambling wrongly if you play gambling for a longer time you will lose money faster instead making money from it. But if you want to gamble only with free money from gambling site then mostly you will not make a lot money because most sites will provide very less coins with those coins winning chances are very less.

Im agree with this,if you want to gamble consider your Bitcoin or money that a spare money to dont lose lot of Bitcoin.You can invest too in Gambling site its risky like gambling but worth it.

fullypak

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Quote from: CroIsBest on August 01, 2016, 03:06:53 PM

Crypto give us innovatioms in bettimg and gamimg like promotions which give us free money without risking own momey without any deposit and give more people opportunies for easy money.

It looks you understood gambling wrongly if you play gambling for a longer time you will lose money faster instead making money from it. But if you want to gamble only with free money from gambling site then mostly you will not make a lot money because most sites will provide very less coins with those coins winning chances are very less.

BitMaxz

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I think it will be the same as the present if what is gambling today. the problem is if bitcoin will be popular or trends in our country and they know bitcoin use for gambling maybe it will be ban in the future if they know bitcoin is anonymous and use for gambling..
And i hope it will not happen in the future..

The Sceptical Chymist

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Gambling has been around for a long time, a loooong time. The internet and electronic transfer of money has been around for a few years now. I'm not sure how much innovation will be or even needs to be brought to gambling. And yeah, you can lose your money a lot faster. That's the main thing.

zend7

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Gambling and bitcoin is the perfect partnership as it allow anyone with an internet connection and a bitcoin wallet filled with little coins to play from the comfort of their home without revealing any personal details. Of course crypto cannot bring that many other innovations but they must try to copy the cashout while a game is still in play like betfair has and its doing a lot of ads in BTsports when important games are played.

neochiny

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Quote from: European Central Bank on July 24, 2016, 12:11:49 PM

what do you think will be future innovations in gambling that crypto will create?

we hear alot of stuff about smart contracts, remittance and so on but gambling's really one of the few areas where there's genuine use going on right now.

i've never gambled with usd or whatever so i dunno how it's different, but you don't hear of many brand new approaches coming from the gambling end of bitcoin.

what do you think the future's gonna bring?

Most gambling sites that uses fiat as main mode of payment will most likely implement use of bitcoin as auxiliary payment in future. This is because it suits the needs of both gamblers and operators. For players, fast transactions and fund transfers as well as anonymity while for the operators, non-reversible transactions because in bitcoin all transactions,once verified, are final as opposed to credit/debit cards. Also, the transaction/operational fees they would have to pay is lower compared to regular banking fees. So, accessibility in terms of depositing funds as well as eliminating the need for having your transactions recorded (credit card bills). Also, bitcoin is easier to use compared to alternatives like prepaid cards, e-wallets and cash transfer, this will ultimately lead to more widespread use of bitcoin.

ethereumhunter

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Quote from: European Central Bank on July 24, 2016, 12:11:49 PM

what do you think will be future innovations in gambling that crypto will create?

we hear alot of stuff about smart contracts, remittance and so on but gambling's really one of the few areas where there's genuine use going on right now.

i've never gambled with usd or whatever so i dunno how it's different, but you don't hear of many brand new approaches coming from the gambling end of bitcoin.

what do you think the future's gonna bring?

i think the innovations in gambling will create another games rather than the games that already online. maybe the games will blend with other games and create a new ones. by the way, gambling do not read any smart contracts, remittance and others, but gambling is only about money in bitcoin. all in all this is about we spend our money in bitcoin.

SAMKUSH

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I think adding faucets in gambling sites is a great idea, in the future I can see this improving in some way and users being able to gamble without even depositing, maybe this could help users decide if gambling is for them.

CroIsBest

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Crypto give us innovatioms in bettimg and gamimg like promotions which give us free money without risking own momey without any deposit and give more people opportunies for easy money.

Backside walkaround

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Speed. Both in getting your money into the casinos, speed of the dice rolls, and also speed at which you lose everything. And it's no joke. You can lose it all pretty damn fast.

The other thing is that it should be a unifying thing, where all bitcoiners should be able to gamble regardless of political borders, but I don't think that's happened yet. People in the US are still blocked because of stupid, antiquated laws as far as I know.

JasonXG

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Hasn't this already happened ? I mean crypto currency is innovative in itself. We already know its way easier and faster and annonmous. I dont know what you expecting people to say. I would rather worry about the innovation of the actual casinoes and not the innovation of bitcoin within those casinos. Bitcoin has already prices itself over and over again.

ipanks

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Quote from: European Central Bank on July 24, 2016, 12:11:49 PM

what do you think will be future innovations in gambling that crypto will create?

we hear alot of stuff about smart contracts, remittance and so on but gambling's really one of the few areas where there's genuine use going on right now.

i've never gambled with usd or whatever so i dunno how it's different, but you don't hear of many brand new approaches coming from the gambling end of bitcoin.

what do you think the future's gonna bring?

i think in the future, not only bitcoin that will available on gambling but other altcoins will be. because nowadays, there are many updates from the dev of the altcoins that offering other update which will give more benefit to user.

elite3000

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Anonymity and Bitcoin being unblockable(if you have internet you can move bitcoins no matter what) are more than enough to make Bitcoin and gambling a perfect partnership

European Central Bank

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what do you think will be future innovations in gambling that crypto will create?

we hear alot of stuff about smart contracts, remittance and so on but gambling's really one of the few areas where there's genuine use going on right now.

i've never gambled with usd or whatever so i dunno how it's different, but you don't hear of many brand new approaches coming from the gambling end of bitcoin.

what do you think the future's gonna bring?

Topic: what innovations can crypto bring to gambling? (Read 787 times)