Will Bitcoin casinos be more popular than regular online casinos by 2020? - page 2.

minime0105

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Quote from: dodgrad on June 27, 2016, 06:18:42 AM

Quote from: TheBitcoinStrip.com on June 27, 2016, 02:17:43 AM

I just published a new blog post on how Bitcoin is changing online gambling and it got me thinking: will Bitcoin casinos overtake regular casinos in the future?

With Bitcoin on the rise (over $650/BTC now!) and at least 3 BTC being wagered per minute across crypto-casinos (that's about $3 million per day) and the countless benefits that cryptography brings to gambling, I think it will. Bitcoin is the perfect companion for online gambling, bringing instant transactions and trustless fairness to an industry where the norm is slow deposits/withdrawals and offshore shady companies.

What do you guys think?

Of course it is possible, but not in 4 years. I think it can take 10 - 15 years to dominate gambling industry by Bitcoin.

If it does not happen in 4 years from now, it will be stagnant or stable already. IMO, the state of bitcoin casinos 4 years from now will be it. Will not have big change after that.

dodgrad

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Quote from: TheBitcoinStrip.com on June 27, 2016, 02:17:43 AM

I just published a new blog post on how Bitcoin is changing online gambling and it got me thinking: will Bitcoin casinos overtake regular casinos in the future?

With Bitcoin on the rise (over $650/BTC now!) and at least 3 BTC being wagered per minute across crypto-casinos (that's about $3 million per day) and the countless benefits that cryptography brings to gambling, I think it will. Bitcoin is the perfect companion for online gambling, bringing instant transactions and trustless fairness to an industry where the norm is slow deposits/withdrawals and offshore shady companies.

What do you guys think?

Of course it is possible, but not in 4 years. I think it can take 10 - 15 years to dominate gambling industry by Bitcoin.

philiveyjr

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I think this will not happen. The main reason being that gambling casinos generate a lot of revenue for the government through taxes and all. So it will be such that a lot of governments or states will rather start allowing casinos to register and be regulated.

LiQuidx

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I think it's a great possibility since you can stay anonymous and there is a less hassle for someone to register and play using bitcoins.

minime0105

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Quote from: TheBitcoinStrip.com on June 27, 2016, 02:17:43 AM

I just published a new blog post on how Bitcoin is changing online gambling and it got me thinking: will Bitcoin casinos overtake regular casinos in the future?

With Bitcoin on the rise (over $650/BTC now!) and at least 3 BTC being wagered per minute across crypto-casinos (that's about $3 million per day) and the countless benefits that cryptography brings to gambling, I think it will. Bitcoin is the perfect companion for online gambling, bringing instant transactions and trustless fairness to an industry where the norm is slow deposits/withdrawals and offshore shady companies.

What do you guys think?

Well it depends, but it is more probably to happen like that, due to being anonymous of gamblers. If all gamblers will know about the provably fair of online casinos, it will really boom!

Capradina

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I think it depends on the gambling market. Gambling is not able to experience rapid growth when there is no demand from gamblers, because that makes them successful and are successful because of the growing number of gambler. I think, if the price is higher then the bitcoin gambling can ride. But will experience a problem in security

TheBitcoinStrip.com

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I just published a new blog post on how Bitcoin is changing online gambling and it got me thinking: will Bitcoin casinos overtake regular casinos in the future?

With Bitcoin on the rise (over $650/BTC now!) and at least 3 BTC being wagered per minute across crypto-casinos (that's about $3 million per day) and the countless benefits that cryptography brings to gambling, I think it will. Bitcoin is the perfect companion for online gambling, bringing instant transactions and trustless fairness to an industry where the norm is slow deposits/withdrawals and offshore shady companies.

What do you guys think?

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