What will be the next big industry move? - page 37.

magneto

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Quote from: CDC AP on January 15, 2022, 02:18:40 PM

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

I doubt that there is much that they can do.

Which is probably a good thing given that regulatory issues have always plagued the crypto gambling industry, and has forced casinos to instate draconian KYC procedures at times.

With these new Web3 innovations, it can be possible that there will be much less red tape and therefore more efficiency in the gaming experience for users.

Alisha-k

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Quote from: madnessteat on January 15, 2022, 11:03:34 AM

Quote from: KTChampions on January 15, 2022, 10:14:58 AM

Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Doesn't the availability of different functions of the Metaverse to different people cancel its meaning? It will no longer be the Metaverse, but a set of services. On the other hand, no Metaverse will be able to allow gambling for everyone due to the requirements of the regulators. I wonder how the creators of the Metaverse will solve this problem.

Good question. I think that the creators of the metaverses will add innovations gradually and the metaverses themselves will be constantly in development. If they want to add gambling, of course they will have to get a license. It seems to me first they need to attract users and if they succeed, it will not be difficult to get a license. Although maybe the regulators will have a special approach to metaverses. I think in the next couple of years we'll find out how things will go with the regulators.

Is it really possible to attract people to the site without having a license? I'm surprised...
This means that they're gonna end up not convincing enough people to thier site except they just wanna create awareness for the mean time, but if they need patronage at this point then I think it will be all a nill efforts..
Don't you thing making it decentralized will only incure more spamming and scammers will liverage on that privilege too?

passwordnow

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Quote from: Sterbens on January 15, 2022, 09:49:03 AM

Quote from: passwordnow on January 14, 2022, 04:46:09 PM

Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt.

And one more thing we need to laugh about together about the NFT hype. For example, we are in the trend of NFT picture A which is very hype and has attracted many fans to spend big money just to buy it. Meanwhile, the promoter knows when the NFT hype must last and when the NFT hype must immediately sink. So when we come in the last queue to buy NFT which in fact dims in a short time? who is harmed? none other than the ultimate buyer.

While in our gambling we will maintain the existence of betting and continue to be updated with effectiveness like betting in a sportsbook that will never go out.

It's true about the hype and it's easy to find out if the hype is about to die. Just like now, many of these NFTs have dropped in their prices which makes them not that trending anymore.
And in gambling, we're just going to keep on betting no matter what's the trend and as long as we get to stay with the casino where we're playing and that's all the reality with it.

KTChampions

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Quote from: madnessteat on January 15, 2022, 11:03:34 AM

Quote from: KTChampions on January 15, 2022, 10:14:58 AM

Doesn't the availability of different functions of the Metaverse to different people cancel its meaning? It will no longer be the Metaverse, but a set of services. On the other hand, no Metaverse will be able to allow gambling for everyone due to the requirements of the regulators. I wonder how the creators of the Metaverse will solve this problem.

Good question. I think that the creators of the metaverses will add innovations gradually and the metaverses themselves will be constantly in development. If they want to add gambling, of course they will have to get a license. It seems to me first they need to attract users and if they succeed, it will not be difficult to get a license. Although maybe the regulators will have a special approach to metaverses. I think in the next couple of years we'll find out how things will go with the regulators.

The problem is that it won't be a matter of one or more licenses. Each state in the world has its own view and rules for gambling. I think you will agree that it would be strange if different users in the same Metaverse have radically different rights (because they are from different countries). This is taking into account the fantastic option that the creator of the Metaverse will settle all legal cases with all countries at once.

madnessteat

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Quote from: CDC AP on January 15, 2022, 02:18:40 PM

^

In fact, even if the casino will be decentralized it will have founders who will answer the questions of regulators. As practice shows even decentralized sites such as Uniswap can face problems caused by regulators. Besides, regulators can change their rules at any moment since the regulatory laws were written a long time ago.

CDC AP

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Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

madnessteat

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Quote from: KTChampions on January 15, 2022, 10:14:58 AM

Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Doesn't the availability of different functions of the Metaverse to different people cancel its meaning? It will no longer be the Metaverse, but a set of services. On the other hand, no Metaverse will be able to allow gambling for everyone due to the requirements of the regulators. I wonder how the creators of the Metaverse will solve this problem.

Good question. I think that the creators of the metaverses will add innovations gradually and the metaverses themselves will be constantly in development. If they want to add gambling, of course they will have to get a license. It seems to me first they need to attract users and if they succeed, it will not be difficult to get a license. Although maybe the regulators will have a special approach to metaverses. I think in the next couple of years we'll find out how things will go with the regulators.

Sterbens

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Quote from: KTChampions on January 15, 2022, 10:14:58 AM

Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Doesn't the availability of different functions of the Metaverse to different people cancel its meaning? It will no longer be the Metaverse, but a set of services. On the other hand, no Metaverse will be able to allow gambling for everyone due to the requirements of the regulators. I wonder how the creators of the Metaverse will solve this problem.

I also would not believe that this problem can be realized properly. Therefore, Metaverse-based gambling will only be a platform that can be accessed by people who are financially loyal in gambling. While we still will not be too interested in trying it. Btw our gambling at the casino is still more effective and more accessible than with the much more complicated Metaverse gambling.

KTChampions

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Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Doesn't the availability of different functions of the Metaverse to different people cancel its meaning? It will no longer be the Metaverse, but a set of services. On the other hand, no Metaverse will be able to allow gambling for everyone due to the requirements of the regulators. I wonder how the creators of the Metaverse will solve this problem.

Sterbens

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Quote from: passwordnow on January 14, 2022, 04:46:09 PM

Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt.

And one more thing we need to laugh about together about the NFT hype. For example, we are in the trend of NFT picture A which is very hype and has attracted many fans to spend big money just to buy it. Meanwhile, the promoter knows when the NFT hype must last and when the NFT hype must immediately sink. So when we come in the last queue to buy NFT which in fact dims in a short time? who is harmed? none other than the ultimate buyer.

While in our gambling we will maintain the existence of betting and continue to be updated with effectiveness like betting in a sportsbook that will never go out.

passwordnow

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Quote from: Sterbens on January 14, 2022, 12:08:31 PM

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

Accessible that there would be some requirement before a gambler can proceed and join that additional feature if it's on Metaverse. That's the talk of majority right now because there's the bigger that everyone sees with it. NFT hypes cannot last for long and that's why they just can't depend on it, the important thing with them is to cope up whatever is the likes of the customers for them to keep themselves on the trend just as what their customer wants them to see adopt.

Sterbens

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Quote from: michellee on January 11, 2022, 10:42:04 AM

Quote from: Tumanggor on January 10, 2022, 04:32:53 PM

It is certain that gambling sites that are behind in technology will be forced to follow current trends if they want to continue to maintain their business

The hype about NFT and Metaverse is going to go on for a long time, this is a great opportunity for gambling business owners to introduce their loyal customers that their company is at the forefront of the gambling business.

The casino will research before implementing NFT and Metaverse to their site because they need to know what benefits they can give to their members. If that is about creating a new token that will not benefit their members, they will not try it instead of still using the old way that already can satisfy their members. Maybe the casino will find the other way to follow the current trend to attract more members to their site and I am sure the casino will always want to update their technology with the newest technology to give their best to their members.

You're right, the casino will definitely do a lot more than just taking advantage of the NFT hype or the Metaverse which if it were temporary it would be better if the casino didn't want to. Just as casinos have long-term prospects and the profits they have made on gambling have actually been huge. Adding gambling to the world of the Metaverse may be a start, but that doesn't mean it's accessible to all gamblers.

molsewid

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Quote from: Lucasgabd on January 14, 2022, 08:28:36 AM

you are right, wouldn't be smart to put all your savings on stablecoins, but for now they are surviving the test of time, let's see if this keeps like that or if we'll have issues on the market soon

best advice at this moment would be:
stay alert

I believe that with the current market we have right now in crypto stable coins are the good option though I would not also advise to of course put all your savings in to stable coins because this kind of strategy only works if ever you have stop loss or cut your loss when you see that the market is going to have a huge price correction (this is base on my experience and opinion). But to be honest, the market situation right now is a good time to take advantage to add or refill your portfolio with the token that you really love to hodl for a long term investment.

DU18

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Quote from: Lucasgabd on January 14, 2022, 08:28:36 AM

Quote from: Silberman on January 13, 2022, 01:23:34 PM

<..>
I think the same, those coins have their appeal so I understand why people buy them however they are completely untested so if someone actually wants to use those coins as stable coins then to me that is a mistake, so with this in mind that means that even if I am not a fan of regular stable coins that claim to be backed completely by fiat due to their centralized nature, at least to me the idea makes way more sense than a supposed stable coin that depends on an algorithm.

you are right, wouldn't be smart to put all your savings on stablecoins, but for now they are surviving the test of time, let's see if this keeps like that or if we'll have issues on the market soon

best advice at this moment would be:
stay alert

if market conditions move like now, of course stablecoins are a good option in securing the money we have, but I think we also have to be willing to take risks by entering the market and setting aside 50% of the money we have to buy when it dips like now .

Lucasgabd

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Quote from: Silberman on January 13, 2022, 01:23:34 PM

<..>
I think the same, those coins have their appeal so I understand why people buy them however they are completely untested so if someone actually wants to use those coins as stable coins then to me that is a mistake, so with this in mind that means that even if I am not a fan of regular stable coins that claim to be backed completely by fiat due to their centralized nature, at least to me the idea makes way more sense than a supposed stable coin that depends on an algorithm.

you are right, wouldn't be smart to put all your savings on stablecoins, but for now they are surviving the test of time, let's see if this keeps like that or if we'll have issues on the market soon

best advice at this moment would be:
stay alert

Fatunad

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Quote from: madnessteat on January 13, 2022, 02:28:50 PM

Quote from: LUCKMCFLY on January 13, 2022, 10:56:39 AM

Quote from: Mamun74 on January 10, 2022, 09:22:51 AM

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

I think that yes, they are also going to go for the NFTs, but mainly they are going to combine it with everything from the Metaverse, it is logical that they want to use all the technology possible to go there but guaranteeing that they do not lose money on the part of the Metaverse. Players and investors, as we already have the experience of NFT games where many have been victims and have been scammed, I think that for now everything will go there and it will be the explosion of new networks such as Polygon, Solana, among others.

In order not to be cheated you need to learn how to research projects before investing. I try to invest in projects that have public people in their team, large funds in investors and good ideas.

There are a lot of scammers in the cryptocurrency world and they also keep an eye on technology so you have to always be on the lookout. It is better to check the project yourself before investing than to rely on other people's opinions and then regret.

When you are investing then you should do all these basic things on where you should research first and make out analysis because you couldnt just put off and then expect for some positive results because
this isnt how investment works here on crypto.YOu should be vigilant on things happening around and dont let yourself believe on people who do suggest like this and like that because
most likely you would really likely get scammed.Industry would move out no matter what and its inevitable because enhancement and developments is non stop.

madnessteat

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Quote from: LUCKMCFLY on January 13, 2022, 10:56:39 AM

Quote from: Mamun74 on January 10, 2022, 09:22:51 AM

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

I think that yes, they are also going to go for the NFTs, but mainly they are going to combine it with everything from the Metaverse, it is logical that they want to use all the technology possible to go there but guaranteeing that they do not lose money on the part of the Metaverse. Players and investors, as we already have the experience of NFT games where many have been victims and have been scammed, I think that for now everything will go there and it will be the explosion of new networks such as Polygon, Solana, among others.

In order not to be cheated you need to learn how to research projects before investing. I try to invest in projects that have public people in their team, large funds in investors and good ideas.

There are a lot of scammers in the cryptocurrency world and they also keep an eye on technology so you have to always be on the lookout. It is better to check the project yourself before investing than to rely on other people's opinions and then regret.

Silberman

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Quote from: Boristhecat on January 10, 2022, 01:23:25 PM

Quote from: bbc.reporter on January 10, 2022, 12:19:03 AM

Another next big industry move besides my speculation of the possbility of incorporation of NFTs and the metaverse by the gambling services in the cryptospace is the adoption of algorithmic stablecoins as their main currency. Stablecoins like Terra’s UST.

Similar to the argument that stablecoins brought the Defi boom and NFT boom as mentioned in this article, it might also bring an opportunity for cryptogambling services to boom.

An algorithmic stablecoin is one that can keep its peg using only software and rules. If one ever works, it could scale infinitely, to whatever size an economy needs.

"To create USDC you need USD in the bank, and that works well if you're just starting out," Tan said. "What comes after, it's the right kind of monetary policy that allows stability and low volatility to allow people to trade ... if we can do that with math and we can do that with monetary policy, that's more efficient."

Without stablecoins, there would have been no decentralized finance (DeFi) booms, which means there probably would have also been no non-fungible token (NFT) boom. Stablecoins have been table stakes for what the industry has achieved so far.

Source https://www.coindesk.com/tech/2021/07/06/the-quest-for-a-truly-decentralized-stablecoin/

I have nothing against stablecoins, although they have their drawbacks, but I have great doubts about algorithmic stablecoins. I would never keep even a small amount in such coins as their very name implies their unreliability in certain situations. Maybe I am conservative in my views, but I believe that if you issue a stablecoin, then you should have 100% reserve for it. If you are issuing a stablecoin without full reservation, then simply call it a cryptocurrency or a token and not a stablecoin.

I think the same, those coins have their appeal so I understand why people buy them however they are completely untested so if someone actually wants to use those coins as stable coins then to me that is a mistake, so with this in mind that means that even if I am not a fan of regular stable coins that claim to be backed completely by fiat due to their centralized nature, at least to me the idea makes way more sense than a supposed stable coin that depends on an algorithm.

LUCKMCFLY

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Quote from: Mamun74 on January 10, 2022, 09:22:51 AM

Cryptocurrency and technology development increase day by day.I Think NFT will be move the next big industry. NFTs and metaverse by the gambling site in cryptospace in their main stable coin currency.

I believe it will be very much near NFT will be move in next industry.

I think that yes, they are also going to go for the NFTs, but mainly they are going to combine it with everything from the Metaverse, it is logical that they want to use all the technology possible to go there but guaranteeing that they do not lose money on the part of the Metaverse. Players and investors, as we already have the experience of NFT games where many have been victims and have been scammed, I think that for now everything will go there and it will be the explosion of new networks such as Polygon, Solana, among others.

Smartprofit

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Quote from: Peanutswar on January 11, 2022, 12:57:11 PM

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.

Nowadays, NFTs are mostly encrypted images or texts. Modern NFTs are in the early stages of development.

In the future, NFTs will be complex encrypted unique programs. These programs will give additional rights and opportunities to the inhabitants of the Metaverse. Their value will exceed the value of money. The opportunity to win such NFTs at online casinos will be perceived as a very big luck.

I am very glad to be on the Bitcointalk forum! I have the opportunity to look into the future (including the future of gambling).

Topic: What will be the next big industry move? - page 37. (Read 4730 times)