Will there be physical casinos operating with cryptos in the future? - page 2.

BitcoinTurk

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

I think the answer may be yes even sooner. Although I don't know, maybe there are casinos anywhere in the world that accept payments like this and give them the opportunity to gamble. Although there are many casinos in the country where I live and all of them are quite popular, I would like to state that they do not accept payments in this way. It may also be a matter of wonder why these companies that accept payments by credit card, although prohibited, do not prefer an untraceable means of payment. Maybe payment is not accepted due to price or speculation, but I do not think that these factors are important obstacles or excuses. Personally, if I was running a casino, I would definitely accept payment with all cryptocurrencies, and would use the collected payments for investment purposes, never convert them into cash.

yvesp110

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Quote from: Ucy on July 17, 2019, 12:22:34 PM

Seems you want to totally avoid fiat while using physical casinos where you currently are, right?
What you asked for should be possible especially in Crypto friendly countries...afterall, there are cryptocurrency atm in some countries these days.

Even if he does not like fiat and loves to gamble using crypto, there is no possibility for fiat to disappear from the local casinos because that is the sign of getting rich by actually going into the houses. The sight of fiat actually lures the layman to get in the gambling. That is more like a psychological advertisement. In addition, there is huge possibility that he might be able to gamble in a casino using his crypto.

robelneo

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

There is a big possibility that it can happen, many Cryptocurrency investors are gamblers themselves, so they will love to see their beloved coin in Casino and it will also attract many investors to try their hands in gambling knowing that they are going to win Cryptocurrency also, one big disadvantage is instead of immediately exchange their casino crypto coins, they would want to hold it longer, and exchange it only when there's a pump.

rdluffy

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Quote from: darklus123 on July 16, 2019, 08:01:40 PM

Quote from: rdluffy on July 16, 2019, 07:16:41 AM

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

That's a good mindset, However there are certain countries that have established their laws with regards to crypto currencies. For example the US government can look at your hardware wallet and you shouldn't be allowed to bring more than $10k and your bitcoin hardware wallet should count.

Therefore you should also have to keep your coin first. Like if you are using a treasor wallet you can easily hide your coin. Or you should empty your hardware wallet (make sure to keep and bring you bring your seed so you can recover it when you pass through the airport.

For example the US government can look at your hardware wallet and you shouldn't be allowed to bring more than $10k and your bitcoin hardware wallet should count.

There a lot of breaches in this, if you have a wallet you can transfer more than 10k instantly to you hardware wallet adress, I don't know how government os USA will deal with these situations, it's something completely new and I have to say, it's very hard, even for me who like cryptos, to imagine all possibly scenarios where cryptos can be inserted and the laws to prevent frauds like this one about 10k limit

Let's hope USA and all another countries do something good to cryptos

seleme

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Quote from: syamster on July 16, 2019, 01:31:29 PM

Quote from: aioc on July 16, 2019, 07:48:42 AM

Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

There's a possibility that it's already happening although there is not yet news that one physical casino is already using this, it's a good idea and possible to happen when many casinos operators become open on using it to their operation.

To be honest I am sure about this... one day all gamblers will be able to gamble with crypto and for crypto even in physical casino. So we only have to find one because as much popularity and importance crypto has I am sure it must already being operate in some casino, if it will happen maybe it will increase the value of gambling.

Mass adoption will bring back the hype and gambling sites will spread over the online crypto forums as springing up mushrooms after the rain. Physical crypto casino projects is not a new idea, this idea was used as a crypto business plan(whitepaper) but that project was not able to raise more than half-million as far as I remember.

Ucy

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Seems you want to totally avoid fiat while using physical casinos where you currently are, right?
What you asked for should be possible especially in Crypto friendly countries...afterall, there are cryptocurrency atm in some countries these days.

darklus123

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Quote from: rdluffy on July 16, 2019, 07:16:41 AM

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

That's a good mindset, However there are certain countries that have established their laws with regards to crypto currencies. For example the US government can look at your hardware wallet and you shouldn't be allowed to bring more than $10k and your bitcoin hardware wallet should count.

Therefore you should also have to keep your coin first. Like if you are using a treasor wallet you can easily hide your coin. Or you should empty your hardware wallet (make sure to keep and bring you bring your seed so you can recover it when you pass through the airport.

illyiller

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

I don't see why they can't add it as a payment option at the cage, next to cash and debit/credit cards. You'd just be buying chips, though. I don't see the fundamental system changing just because of crypto.

Finestream

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Quote from: omonuyak on July 16, 2019, 03:37:37 PM

Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

I have think several time about casino using bitcoin or ethereum to purchase cards for playing but for now this is not feasible. The crypto coins are still developing and many people did not know how important this technology are to our gambling and financial system and I believe that in future we are going to use bitcoin for different sectors of our economy.

I think using cryptos in gambling in the future might be possible too since we are already in the stage of adopting cryptocurrency.Once mass adoption for crypto will be realized,surely casinos will also apply in their own site using cryptos to play bets and win in the form of cryptos too.

omonuyak

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

I have think several time about casino using bitcoin or ethereum to purchase cards for playing but for now this is not feasible. The crypto coins are still developing and many people did not know how important this technology are to our gambling and financial system and I believe that in future we are going to use bitcoin for different sectors of our economy.

syamster

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Quote from: aioc on July 16, 2019, 07:48:42 AM

Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

There's a possibility that it's already happening although there is not yet news that one physical casino is already using this, it's a good idea and possible to happen when many casinos operators become open on using it to their operation.

To be honest I am sure about this... one day all gamblers will be able to gamble with crypto and for crypto even in physical casino. So we only have to find one because as much popularity and importance crypto has I am sure it must already being operate in some casino, if it will happen maybe it will increase the value of gambling.

onrise

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Quote from: rdluffy on July 16, 2019, 07:16:41 AM

Thanks for sharing your thoughts guys, very interesting

I'll add another situation here

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

This is the best as you do not have to take tension of getting looted by some one when you carry physical cash. So this is a preferred method of gambling were you play from the wallet and if you win it gets deposited online itself in a digital way.

Vaskiy

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Quote from: shield132 on July 16, 2019, 10:28:10 AM

Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

Don't you think that it will just a be a waste of time? Sounds very uncomfortable for me, instead of going with real money, you have to login in your wallet, then make transaction and etc. I think there is no need of integrating cryptocurrencies in real casinos, you may know it's known fact that real casinos are great way of money laundering and adding a crypto will be a pain in ass for them, maybe, I don't talk about online crypto casinos, it's different thing because it's wholly dedicated to crypto and real life casinos need license from governments.

What's been mentioned is correct, but this is one view and when we look upon the same in some other way we get more possibilities to establish the services. Physical casinos are the one that gives common people better understanding and let them spend.

Tungsten-1

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Quote from: aioc on July 16, 2019, 07:48:42 AM

Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

There's a possibility that it's already happening although there is not yet news that one physical casino is already using this, it's a good idea and possible to happen when many casinos operators become open on using it to their operation.

that is right, we are not far away from that time when you would have the ability to use your coin in the local casino and I am in fact surprised to see there is not any casino like this right now. Correct me if I am wrong. There must be some in the US/Canada accepting Bitcoin because the coins in these countries has made home in almost every business.

shield132

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

Don't you think that it will just a be a waste of time? Sounds very uncomfortable for me, instead of going with real money, you have to login in your wallet, then make transaction and etc. I think there is no need of integrating cryptocurrencies in real casinos, you may know it's known fact that real casinos are great way of money laundering and adding a crypto will be a pain in ass for them, maybe, I don't talk about online crypto casinos, it's different thing because it's wholly dedicated to crypto and real life casinos need license from governments.

joshy23

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Quote from: rdluffy on July 16, 2019, 07:16:41 AM

Thanks for sharing your thoughts guys, very interesting

I'll add another situation here

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

Interesting to see this kind of situations to happen inside any casino places, if a gamblers only needs to ring his hardware wallet or mobile devices where he can log in to his online wallet then start to play, win or lose you are not bringing out any physical fiat and you are not prone to any harmed not unless if the physical casino you visited have some mafias inside, but that's another case, maybe it will happen we never know.

imstillthebest

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Quote from: TravelMug on July 16, 2019, 07:19:37 AM

Quote from: rdluffy on July 16, 2019, 07:16:41 AM

Really like to know your thoughts guys, very interesting

I'll add another situation here

You can have all money you want to gamble in your hardware wallet for example, and you can travel to the casino's country without have to carry a lot of money
If you win on casino, you'll get all the money in cryptos and again, in your hardware wallet, simple

I'm liking the idea dude. I mean you can just bring your hardware wallet an plug it in and then continue to play. The only downside I'm thinking is that how secure when you exited the physical casino.

There could be some bad actors just waiting for the right target and steal all your crypto once you get out of the casino. There are already multiple reports in fiat based casino. So it will be dangerous as well, specially if you have been identified to have won huge amount of crypto specially bitcoin.

plugging the hardware wallet on a public machine to play is verry risky . what if the machine is infected with a virus ? your coins will be stolen . now when it comes to safety when going outside if ever you win , hardware wallets or using a crypto is more secure because you will not carry a physical cash and no one will know about your winnings because they cant see you carrying a cash or a bag . instead you can only put the hardware wallet on your pocket and walk away inoscently .

aioc

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Quote from: rdluffy on July 15, 2019, 10:55:20 AM

My thoughts here, I wonder if in the future, physical casinos will use cryptos

I know casinos use coins to spend inside and them people can exchange these coins to fiat money again

But maybe a casino can use cryptos inside, you buy a card with BTC or LTC for example, and you can play with this card

Have you ever think about his? What is you opinion guys?

There's a possibility that it's already happening although there is not yet news that one physical casino is already using this, it's a good idea and possible to happen when many casinos operators become open on using it to their operation.

Pmalek

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I seriously doubt there will be such a casino. And in case there is on in the future I am not sure Bitcoin would be the ideal currency to use there.
Can you imagine waiting 30 minutes for your bitcoin transaction to be included in one of the upcoming blocks?! Maybe an Alt currency with faster transaction speeds and lower fees.

Natalim

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Quote from: emberbekas on July 16, 2019, 04:20:48 AM

The sensible thing about crypto use in traditional casinos is when users will buy chips. Instead of using fiat, they can buy it with crypto. But all will depend on the casino owner whether they are interested in applying the method or not.

If they will go fully digital by adopting crypto, it would be easy for them to track their money and it's safer on their side unlike keeping paper money which are million in values in their safe.

I never thought of this, but there is a possibility this will happen in the future.

Topic: Will there be physical casinos operating with cryptos in the future? - page 2. (Read 887 times)