What will be the next big industry move? - page 32.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: Lucasgabd on January 26, 2022, 10:29:51 AM

Quote from: Smartprofit on January 26, 2022, 10:10:08 AM

Yes, I'm reading the analytical report of "Messari" now. Its author writes that in the future we will all work in the DAO.

This is a much more progressive form of business organization than standard joint-stock companies or limited liability companies. In standard joint-stock companies, employees and customers do not participate in the distribution of company profits.

DAOs (Decentralized Autonomous Organizations) solve this problem.

Therefore, it is logical to assume that in the near future the majority of online casinos will operate in the form of a DAO.

many say DAOs will be the future of companies, I tend to agree with that
maybe can we say that DAOs will also be the future of politics too? with a better system in place to solve problems and decide things in terms of money and social incentives?

It is much easier to reform the gambling industry than the sphere of politics and government.

There are laws of centralized power. The symbol of centralized power is the pyramid. The base of the pyramid is the people. The top is the control group. This is a very stable construction. The people who really manage world processes are not interested in creating decentralized structures. They like the principle of transparent blockchain. But they don't want their decisions and their transactions to be transparent.

Yes, DAO can be used to control individual states and even the entire planet. But modern managers will very aggressively prevent the introduction of such innovations.

With the gambling industry, everything is much simpler. The gambling industry is always open to innovation. Including in the field of cryptocurrencies and web 3.0.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Silberman on January 24, 2022, 11:58:30 AM

And I agree, some level of privacy must be allowed otherwise we are living in a police state, however people do not understand this, they are so used to have no privacy and to post everything they do in social media that they do not even understand the concept of privacy anymore, meaning that even if we do not have daily raids into our homes for information governments are doing the equivalent of this digitally, but since it is invisible and painless people do not see it.

The pressure on private property and privacy is a trend that will intensify every year. The World Economic Forum explicitly states this as part of its agenda. I wonder why this does not cause aggression in people, in my opinion these are absolutely inhumane programs that threaten everyone personally. And I do not think that some kind of digital decentralization without a real struggle will help to cope with such "innovators".

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: Smartprofit on January 26, 2022, 10:10:08 AM

Yes, I'm reading the analytical report of "Messari" now. Its author writes that in the future we will all work in the DAO.

This is a much more progressive form of business organization than standard joint-stock companies or limited liability companies. In standard joint-stock companies, employees and customers do not participate in the distribution of company profits.

DAOs (Decentralized Autonomous Organizations) solve this problem.

Therefore, it is logical to assume that in the near future the majority of online casinos will operate in the form of a DAO.

many say DAOs will be the future of companies, I tend to agree with that
maybe can we say that DAOs will also be the future of politics too? with a better system in place to solve problems and decide things in terms of money and social incentives?

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Yes, I'm reading the analytical report of "Messari" now. Its author writes that in the future we will all work in the DAO.

This is a much more progressive form of business organization than standard joint-stock companies or limited liability companies. In standard joint-stock companies, employees and customers do not participate in the distribution of company profits.

DAOs (Decentralized Autonomous Organizations) solve this problem.

Therefore, it is logical to assume that in the near future the majority of online casinos will operate in the form of a DAO.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Jake Paul being involved in buying a majority stake of the UFC’s parent company so that they can fire Dana White is some next level shit… Dana about to be a full time Nelk Boy while Jake Paul is going to effectively end his career. This might be one of the hardest flexes I’ve ever seen. Maybe surpassing what happened to Topps as a company. Jake Paul is a legend if he pulls this off. “I’ll buy your company just to fire you.” Boss move. Respect.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: Smartprofit on January 24, 2022, 03:05:52 PM

Quote from: Sirait on January 24, 2022, 12:02:56 PM

Quote from: madnessteat on January 24, 2022, 06:12:40 AM

Quote from: timerland on January 23, 2022, 03:03:08 PM

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

cut

Oh, this has already happened.

Rollbits have their own Rollbot NFTs and I'm fairly sure that BetFury is also trying to dabble in that space.

I actually think that the DAO model makes a lot of sense for casinos - the people who own the bankroll should have a say in how the site is run through a governance token.

In my opinion, the DAO management model does not work the way users would like it to. We have seen more than once in more than one project, when project teams could influence this or that decision, which in their opinion should be made. So in my opinion DAO model is only creating the appearance of decentralized management, which is actually a deception, to put it mildly.

That's right, the concept of DAO on a gambling site is just a 'subtle scam' that the owners may intentionally set up for their customers. why I say this because when you have problems playing, depositing or withdrawing then the site owner can easily say that 'we are not involved with the business because we adopted the DAO concept' this is a subtle scam.

Yes, this situation is unfortunately possible.

DAO is a relatively new innovative management tool. Therefore, various abuses are possible. However, DAO (Decentralized Autonomous Organization) is a very promising form of online casino organization.

This may resolve government regulation issues in some jurisdictions.

People can organize DAOs and host poker tournaments on their own. Acceptance of bets and fair payment of winnings will be guaranteed by a smart contract.

A fully decentralized online casino is a very interesting concept.

the casino DAO could have their own token and distribute part (or all of) their profits to stakers, a bit like what Looksrare marketplace is doing right now with NFTs and the vampire attack on opensea

interesting ideas to think about.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: Smartprofit on January 24, 2022, 03:05:52 PM

^

In my opinion, the DAO model is perfectly suited to change the work of various protocols that are still at the level of creation are fully protected from regulatory harassment. It seems to me that in the case of gambling such a management model will be superfluous because the main issues with the regulators will still have to solve the person who receives a license for gambling activities.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: Sirait on January 24, 2022, 12:02:56 PM

Quote from: madnessteat on January 24, 2022, 06:12:40 AM

Quote from: timerland on January 23, 2022, 03:03:08 PM

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

cut

Oh, this has already happened.

Rollbits have their own Rollbot NFTs and I'm fairly sure that BetFury is also trying to dabble in that space.

I actually think that the DAO model makes a lot of sense for casinos - the people who own the bankroll should have a say in how the site is run through a governance token.

In my opinion, the DAO management model does not work the way users would like it to. We have seen more than once in more than one project, when project teams could influence this or that decision, which in their opinion should be made. So in my opinion DAO model is only creating the appearance of decentralized management, which is actually a deception, to put it mildly.

That's right, the concept of DAO on a gambling site is just a 'subtle scam' that the owners may intentionally set up for their customers. why I say this because when you have problems playing, depositing or withdrawing then the site owner can easily say that 'we are not involved with the business because we adopted the DAO concept' this is a subtle scam.

Yes, this situation is unfortunately possible.

DAO is a relatively new innovative management tool. Therefore, various abuses are possible. However, DAO (Decentralized Autonomous Organization) is a very promising form of online casino organization.

This may resolve government regulation issues in some jurisdictions.

People can organize DAOs and host poker tournaments on their own. Acceptance of bets and fair payment of winnings will be guaranteed by a smart contract.

A fully decentralized online casino is a very interesting concept.

Sirait

full member

Activity: 1890

Merit: 101

Quote from: madnessteat on January 24, 2022, 06:12:40 AM

Quote from: timerland on January 23, 2022, 03:03:08 PM

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

cut

Oh, this has already happened.

Rollbits have their own Rollbot NFTs and I'm fairly sure that BetFury is also trying to dabble in that space.

I actually think that the DAO model makes a lot of sense for casinos - the people who own the bankroll should have a say in how the site is run through a governance token.

In my opinion, the DAO management model does not work the way users would like it to. We have seen more than once in more than one project, when project teams could influence this or that decision, which in their opinion should be made. So in my opinion DAO model is only creating the appearance of decentralized management, which is actually a deception, to put it mildly.

That's right, the concept of DAO on a gambling site is just a 'subtle scam' that the owners may intentionally set up for their customers. why I say this because when you have problems playing, depositing or withdrawing then the site owner can easily say that 'we are not involved with the business because we adopted the DAO concept' this is a subtle scam.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: delfastTions on January 20, 2022, 01:12:28 PM

Quote from: Silberman on January 20, 2022, 12:07:51 PM

Quote from: Desmong on January 17, 2022, 04:26:56 PM

The emergence of the blockchain has made it easier for another new phase of gambling to spur out of nowhere making it too easy for one to play a bet without using the normal paper money. Crypto bet is now everyone corners of the internet making it too easy to enter into the gambling world if only you have cryptocurrency in your wallet. Very soon gambling will be based on different aspect and field.

Not only that, it has brought some level of anonymity to an industry that had none previously, now this may not seem like a big deal but it is, there are many countries in which gambling is seen with very bad eyes and it is illegal as well, so if there was anything that indicated in your financial record that you were gambling, even if it was just for fun, you could get in trouble, but thanks to bitcoin this is not as much of an issue as before and we must be thankful for that.

These words of yours once again confirm my statement about the importance of maintaining the anonymity of the player and the person in general in certain justified cases. Unfortunately, the constant introduction of KYC procedures or similar violates the ability to gamble anonymously. And initially, indeed, blockchain technology allowed and still allows doing this, if it were not for these requirements of various regulators. Now there are so many ways to identify a person that anonymity is out of the question. And if this is connected with criminal activity, then it is clear that this is justified. But if a person has no criminal intent, he just wants to remain anonymous, then in general it is his right. And this should be respected, and not demanded of him - let's admit who you are.!!!

And I agree, some level of privacy must be allowed otherwise we are living in a police state, however people do not understand this, they are so used to have no privacy and to post everything they do in social media that they do not even understand the concept of privacy anymore, meaning that even if we do not have daily raids into our homes for information governments are doing the equivalent of this digitally, but since it is invisible and painless people do not see it.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: timerland on January 23, 2022, 03:03:08 PM

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

Most of the trend today is relayed on the world of NFT so there's an instance or chance might be they will adopt this kind of a trend right now afaik there's a thread too related to the Gambling and metaverse and also the virtual reality due to pandemic many people now are would like to entertain with this trends its the new meta of the gambling industry well looking forward on it lets see.

Oh, this has already happened.

Rollbits have their own Rollbot NFTs and I'm fairly sure that BetFury is also trying to dabble in that space.

I actually think that the DAO model makes a lot of sense for casinos - the people who own the bankroll should have a say in how the site is run through a governance token.

In my opinion, the DAO management model does not work the way users would like it to. We have seen more than once in more than one project, when project teams could influence this or that decision, which in their opinion should be made. So in my opinion DAO model is only creating the appearance of decentralized management, which is actually a deception, to put it mildly.

CDC AP

full member

Activity: 463

Merit: 102

The gambling is a big industry that is growing bigger everyday despite the covid-19 challenge we are facing which is affecting so many organisations. But gambling industries is still on doing their business. The gambling industry is one of the fastest growing industry.

Desmong

member

Activity: 812

Merit: 13

Crypto bookmaker and casino

Quote from: retreat on January 19, 2022, 01:29:32 PM

Quote from: SirLancelot on January 18, 2022, 01:10:01 PM

Quote from: Boristhecat on January 18, 2022, 11:02:40 AM

as far as I understand, they succeed very poorly, since it is easy to “pressure” an organization, but it is difficult to “pressure” a large number of people.

Yeah, the next big progress of gambling industry might be coming out from governments' side in terms of regulations. As long as people are preferring to have fiats as one of their payment options then casinos will go for license related things which again lead to get approval from governments; when gamblers stick within cryptos for their gambling, then casinos will be able to operate without need of government's nod which will eliminate the possibilities of government's intervention into gambling industry.

the government will definitely try to intervene in whatever falls within their jurisdiction especially fiat or crypto based gambling businesses located within their country. It's true that regulation from the government might be the next big step for the gambling business, especially since the government likes tax money from businesses that make a lot of money.

The government have always tried their best to make sure that they regulate and get their revenue from gambling platform especially for the fiat or local gambling platform where it is local within a country. The government are still trying to catch up with online gambling platform which can be difficult to regulate most time.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

Most of the trend today is relayed on the world of NFT so there's an instance or chance might be they will adopt this kind of a trend right now afaik there's a thread too related to the Gambling and metaverse and also the virtual reality due to pandemic many people now are would like to entertain with this trends its the new meta of the gambling industry well looking forward on it lets see.

Virtual reality has been there already and it can be applied to anything which gambling is not an exception of it. It would be more interesting that aside from the cryptocurrencies that the casinos have been supporting for their platforms.
There would probably be an outlet for them too to allow a couple of NFTs that they like to see their players betting for. They could start with some of the NFTs like Apes or they could be open to any type of it as long as there's a valuation.

timerland

hero member

Activity: 1526

Merit: 596

Quote from: CDC AP on January 23, 2022, 09:34:56 AM

Most of the trend today is relayed on the world of NFT so there's an instance or chance might be they will adopt this kind of a trend right now afaik there's a thread too related to the Gambling and metaverse and also the virtual reality due to pandemic many people now are would like to entertain with this trends its the new meta of the gambling industry well looking forward on it lets see.

Oh, this has already happened.

Rollbits have their own Rollbot NFTs and I'm fairly sure that BetFury is also trying to dabble in that space.

I actually think that the DAO model makes a lot of sense for casinos - the people who own the bankroll should have a say in how the site is run through a governance token.

CDC AP

full member

Activity: 463

Merit: 102

Most of the trend today is relayed on the world of NFT so there's an instance or chance might be they will adopt this kind of a trend right now afaik there's a thread too related to the Gambling and metaverse and also the virtual reality due to pandemic many people now are would like to entertain with this trends its the new meta of the gambling industry well looking forward on it lets see.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: TheGreatPython on January 22, 2022, 12:43:05 PM

Quote from: Fatunad on January 20, 2022, 04:56:42 PM

It did really make out that significant change and open up an opportunity for people to deal off with some services and things which they cant do in the past since they do value much of their identity or tend to be
anonymous most of the time thats why when crypto had existed then it did really open that kind of chance or opportunity which it did really get out significant support and recognition.
We wont know on what comes next when it comes to trend and new innovation ahead but much pretty sure that we would really be heading towards development
which do make things even more better.

Indeed cryptos and blockchain involvement is a big thing that happened gambling but I guess we cannot consider this as new because cryptos or blockchain technology has been there before although there is a development that happened like they add more blockchains and new cryptocurrencies other than bitcoin and etherium, this allows us to gamble more efficiently but if there are latest developments then that would be the implementation of nft and metaverse in gambling.

This allows people to interact more lively in the gambling world. It is amazing how technology in gambling transformed over the years but I am sure this does not stop there but there will be more to come.

In my opinion, gambling should be considered from the point of view of Nassim Taleb's concept of Antifragility.

The essence of gambling has remained unchanged for thousands of years. It is based on the single combat of Man with fate. All ancient epic poems tell about this - "The Tale of Gilgamesh", "The Song of the Nibelungs", "Maharbat", "Iliad", "Odyssey", "Elder Edda" and others. The ancient Egyptians, Babylonians, Greeks, Romans - all of them were very fond of gambling (in particular, dice). At the same time, the gambling interface is changing under the influence of technology development.

In the beginning it was dice.

Then a roulette (mechanism). Then slot machines (a more complex mechanism). Then an online casino (this is already digital technology). Finally, the metaverses and NFTs. This is progress!

However, the essence of gambling has remained unchanged.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Fatunad on January 20, 2022, 04:56:42 PM

It did really make out that significant change and open up an opportunity for people to deal off with some services and things which they cant do in the past since they do value much of their identity or tend to be
anonymous most of the time thats why when crypto had existed then it did really open that kind of chance or opportunity which it did really get out significant support and recognition.
We wont know on what comes next when it comes to trend and new innovation ahead but much pretty sure that we would really be heading towards development
which do make things even more better.

Indeed cryptos and blockchain involvement is a big thing that happened gambling but I guess we cannot consider this as new because cryptos or blockchain technology has been there before although there is a development that happened like they add more blockchains and new cryptocurrencies other than bitcoin and etherium, this allows us to gamble more efficiently but if there are latest developments then that would be the implementation of nft and metaverse in gambling.

This allows people to interact more lively in the gambling world. It is amazing how technology in gambling transformed over the years but I am sure this does not stop there but there will be more to come.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: Congyang on January 21, 2022, 09:32:42 AM

Quote from: Lucasgabd on January 21, 2022, 09:00:57 AM

add to that the fact that many countries have regulations against gambling and don't even allow physical casinos
but would have no way to make online gambling forbidden (or phrasing it better: they can forbid it but have no way to enforce people will follow the rules)

but if you look at it now even though it is indeed prohibited but there is always access and there are lots of opportunities to gamble because, as you said, a ban might just be a ban without any real enforcement and this prohibition is just like a passing wind for people residing in countries where gambling is prohibited.

yes, the main point is that it'll be easier to enforce regulation on physical places than digital ones
in reality if there's no such thing like the great firewall or something like that it'll be almost impossible to enforce it on the digital realm

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: michellee on January 20, 2022, 09:28:12 PM

Quote from: KTChampions on January 20, 2022, 11:59:03 AM

This is not true. For example, in my country, casinos and bookmakers that do not receive an internal license are simply banned at the provider level. Of course, there are people who can bypass bans through VPN, but you understand that the drop in traffic for such casinos is very large, since the percentage of "naughty" people who are ready to try to get access is too small. Therefore, restrictions work well even for foreign sites.

Maybe that is not true but I think the other casinos and bookmakers will pass that banned without a problem as we know they can use a back way to give access to people. The casino can still operate in your country, especially if they move their site through the other hosting without jurisdiction with your government. The banned will not work for the other country but it can work only in your country. But we also know that people can activate their VPN to access gambling sites so that will not be a problem for people who still want to play gambling.

Yes, there are many ways to compromise plus technical solutions to bypass blocking. But all these ways become irrelevant if we start talking about the Metaverse. It will be very strange for me if, depending on the origin of a person (the jurisdiction where he is registered), he will not have full access to the functionality of the Metaverse compared to other users.

Topic: What will be the next big industry move? - page 32. (Read 4746 times)