Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based? - page 2.

maydna

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Quote from: dimonstration on July 18, 2020, 09:10:27 AM

Quote from: Shasha80 on July 18, 2020, 07:50:01 AM

I am not sure that all online gambling sites will be cryptocurrency based, because the popularity of cryptocurrency still cannot defeat fiat.
There are even many people who are anti-crypto, don't want to use cryptocurrency. And we cannot force these people to use crypto. So
I think there will always be fiat based online gambling sites, if in the future crypto-based online gambling sites will be more numerous
versus fiat based is still possible.

Those fiat based casino might add features sooner to attract some crypto users, but it will take time depending on how they can manage the change they will about to do. There are some crypto based casino now that allows debit or credit card that allows to deposit fiat money like in sportsbet now. Sooner or later fiat based gambling sites may accept cryptocurrency too due to the demand it can benefit them.

If the fiat-based casino is aware of the presence of cryptocurrency, the owner will find out what cryptocurrency is before they add the crypto on the payment processor. Perhaps, if the owner can know what the crypto function, the owner will soon add new features, and they will notice to their members that they have a new payment processor. As long as the sound of cryptocurrency can spread in many places, soon, the fiat-based casino will use crypto too. If that happens, we will see the cryptocurrency explode, and there will be an increase in the gambling industry.

smyslov

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Maybe majority of online gambling sites will accepting or based in Cryptocurrency but there will still people who will likely play using fiat or credit card, these are people who do not like and do not understand how Cryptocurrency works, we still have many kind of gamblers like this maybe in the future it will be 80% of the online gambling sites are based in Cryptocurrency.

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Quote from: dimonstration on July 18, 2020, 09:10:27 AM

Quote from: Shasha80 on July 18, 2020, 07:50:01 AM

I am not sure that all online gambling sites will be cryptocurrency based, because the popularity of cryptocurrency still cannot defeat fiat.
There are even many people who are anti-crypto, don't want to use cryptocurrency. And we cannot force these people to use crypto. So
I think there will always be fiat based online gambling sites, if in the future crypto-based online gambling sites will be more numerous
versus fiat based is still possible.

Those fiat based casino might add features sooner to attract some crypto users, but it will take time depending on how they can manage the change they will about to do. There are some crypto based casino now that allows debit or credit card that allows to deposit fiat money like in sportsbet now. Sooner or later fiat based gambling sites may accept cryptocurrency too due to the demand it can benefit them.

There would be surely some integration that we would able to see in future and it will all depend on the demand.Crypto casinos can adapt optional fiat deposits and Fiat casinos can adapt crypto payments.

It isnt really that much require too much effort but there are main factors on where they should think off when they are tending to dive in neither decentralized or centralized stuff yet we know the differences

among the two thats why its hard to think on collaborating two things at the same time but well it all depends into their choice if they consider such add up.

dimonstration

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Quote from: Shasha80 on July 18, 2020, 07:50:01 AM

I am not sure that all online gambling sites will be cryptocurrency based, because the popularity of cryptocurrency still cannot defeat fiat.
There are even many people who are anti-crypto, don't want to use cryptocurrency. And we cannot force these people to use crypto. So
I think there will always be fiat based online gambling sites, if in the future crypto-based online gambling sites will be more numerous
versus fiat based is still possible.

Those fiat based casino might add features sooner to attract some crypto users, but it will take time depending on how they can manage the change they will about to do. There are some crypto based casino now that allows debit or credit card that allows to deposit fiat money like in sportsbet now. Sooner or later fiat based gambling sites may accept cryptocurrency too due to the demand it can benefit them.

Kong Hey Pakboy

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Quote from: SacriFries11 on July 18, 2020, 06:25:17 AM

Quote from: nakamura12 on September 14, 2019, 09:11:37 AM

There will be a chance that all online gambling sites are cryptocurrency base but there will be still a casino that you can only gamble with fiat money and you must also complete the requirements needed for the KYC of the casino that you wanted to gamble for example.

I agree. We expected a lot of online gambling crypto based sites in the future where future holders will try to gambling their coins in the sites. We must know the fact that the cryptocurrency adoption has risen in 2019 and most of these users are come from gambling industry. The dimensions of blockchain technology with gambling and the decentralized transaction make people want more about this industry. There are several countries that allow the crypto gambling industry likes UK and Italy. The famous Las Vegas also accepting crypto and in the future we’ll see a lot of gambling industry will follow. It takes a lot of time before all online gambling sites will crypto based but we should face the fact that some people don’t want to adopt these kind of transaction.

The mass adoption of cryptocurrency has increased in the year 2019. Most gambling sites nowadays are now crypto-based because it is the best way to play gambling and make an online transaction in a fast and secure way instead of using credit or debit cards. Just like you have said, a lot of countries that allow cryptocurrency gambling like the UK and Italy, so there is a chance that more countries would follow them and make their crypto gambling site.

Shasha80

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I am not sure that all online gambling sites will be cryptocurrency based, because the popularity of cryptocurrency still cannot defeat fiat.
There are even many people who are anti-crypto, don't want to use cryptocurrency. And we cannot force these people to use crypto. So
I think there will always be fiat based online gambling sites, if in the future crypto-based online gambling sites will be more numerous
versus fiat based is still possible.

fiulpro

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Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

It might and might not come . It depends on the company itself if they are willing to opt for cryptocurrencies.

Pros:

1. Privacy
2. More diversity
3. Transparent network
4. Transactions stay in the network for eternity, can be verified anytime by anyone.

Cons:

1. People generally will have to pay fee while sending cryptocurrencies
2. Not that recognized and established by the government
3. Possible scams

----------------------------------------------------------------------------------------------
Crypto gambling is a emerging industry which is as old as nearly cryptocurrencies themselves , the casinos and faucets have been there since long therefore I do think if we consider the situation after 10 more years we will be able to see some more innovations . I am already baffled by the scope and the amount of diversity in the gambling section related to Cryptocurrencies.

mersal

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Possibly yes if Satoshi's vision move true, but still its not near to us because the main stream adoption of cryptos towards payment doesn't take place but its most often used in online payments and gambling sectors.We just stepped on the first step of this stair or ladder towards complete decentralized payment economy its still long way to go like regulations from governments, accepted by merchants,etc.

ultrloa

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Quote from: Insanerman on July 18, 2020, 05:05:44 AM

Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

I actually have some friends that do not want to open theirselves up on these cryptos. And we should respect those people.

Well maybe for now they doesn't disclose this option since they don't know how this crypto things works for them so maybe make them realize how good crypto is interms of transaction and profitability, maybe they will consider it in the long run. Remember bitcoin spreading like wildfire so provably in future the information regarding on this will come unto them.

SacriFries11

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Quote from: nakamura12 on September 14, 2019, 09:11:37 AM

There will be a chance that all online gambling sites are cryptocurrency base but there will be still a casino that you can only gamble with fiat money and you must also complete the requirements needed for the KYC of the casino that you wanted to gamble for example.

I agree. We expected a lot of online gambling crypto based sites in the future where future holders will try to gambling their coins in the sites. We must know the fact that the cryptocurrency adoption has risen in 2019 and most of these users are come from gambling industry. The dimensions of blockchain technology with gambling and the decentralized transaction make people want more about this industry. There are several countries that allow the crypto gambling industry likes UK and Italy. The famous Las Vegas also accepting crypto and in the future we’ll see a lot of gambling industry will follow. It takes a lot of time before all online gambling sites will crypto based but we should face the fact that some people don’t want to adopt these kind of transaction.

Insanerman

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Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

I guess not all gambling sites will make their's to be crypto-based.
There might be a lot of them that will consider it and might even do it, but not all gamblers are using cryptocurrencie, so there will still that will remain to be fiat based.
Ofcourse even we are at the time when cryptocurrencies are rising, still, there are people who prefers to use fiats.

I actually have some friends that do not want to open theirselves up on these cryptos. And we should respect those people.

dodge58

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There was a pretty lengthy debate on this over at https://www.bigtimegamingfreeplay.com and the guys there thought with all the regulation that's coming into force it will only be a matter of time before all casinos are crypto.

ololajulo

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Quote from: Ryker1 on September 13, 2019, 12:16:37 PM

Well yes, probably. In my side, I won't gamble using my fiat because it is required you to pass KYC and that is involved in your personal identity. I think it is good if we still remain anonymous in an online gambling site as a being gambler. Therefore, I still looking for crypto for having a convenient transaction when it comes to depositing and withdraws. Indeed, the best is crypto for gambling.

I wont also support KYC in gambling. why the need for gamblers information when his fund is with you. The nature of the game should not allow exchanging some personal information. If I accept to give out my information other gamblers may not allow it and this could deprive the space a large number of turn out of gamblers.

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Quote from: nydiacaskey01 on October 10, 2019, 06:54:04 PM

Gambling sites may start accepting Bitcoin or they may add Bitcoin as an option to fund their account but Bitcoin only or exclusive, I don't think that will happen because there are still a majority of online gamblers who wants to keep it simple, fund their accounts using fiat or credit card.

The process involved with depositing of funds to the gambling websites wallet in terms of cryptocurrency is very simple compared to the process involved in funding the account through fiat payments. From my view more than 90% gamblers after using cryptocurrencies into gambling hasn't used fiat for funding the accounts. This will surely continue long and this could make gambling sites were only cryptocurrency based.

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Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

for most people certainly prefer gambling sites that can keep the identity of the gamblers themselves, I am sure the anonymity of existing gambling sites will be increasingly popular among the people. not only that, many people feel comfortable to gamble without having to spend money directly, therefore cryptocurrency based gambling sites will be increasingly popular and preferred by many people in the future, but not all online gambling sites can accept cryptocurrency as a media tool for betting because traditional gambling must be maintained for most countries which formalize their existence

nydiacaskey01

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Gambling sites may start accepting Bitcoin or they may add Bitcoin as an option to fund their account but Bitcoin only or exclusive, I don't think that will happen because there are still a majority of online gamblers who wants to keep it simple, fund their accounts using fiat or credit card.

iMark

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Quote from: LogitechMouse on October 05, 2019, 02:36:48 AM

Quote from: hirngespenst on October 04, 2019, 03:14:03 PM

Crypto is the best for gambling. No one willingly wants to do KYC to play gamble on the internet. So, if you choose fiat, you have to go through the KYC procedure. And honestly, every people love to stay anonymous on the internet, so, cryptocurrency is the real solution to make a gambler anonymous and safe. So, day by day all the gambling sites will be based on crypto, which will bring more volume on the crypto market!

This is one reason why adoption of cryptocurrency around the world. There are many crypto gambling sites at this moment and I believe that it will increase year after year. There are many gamblers too who doesn't want to reveal themselves or their personal information so they prefer gambling online rather than going to casinos.

Crypto gambling sites will help the increase of adoption of cryptocurrencies.

That's the advantage of crypto, you don't have to do complicated conditions to deposit and play games. just deposit using crypto and you can play right away. That is proven by some games that have adopted crypto. Fiat will be increasingly steadfast in their use, even though they have a digital version but there are some requirements that players must fill before deposit and playing, and that is not to do that if you use crypto for playing game. I'm sure many games developers will adopt crypto.

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Quote from: SummerBliss on October 06, 2019, 02:51:34 AM

Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

Crypto-based gambling sites are still behind in the competition. Sites like Bet365 have over 35 million users whereas biggest of the crypto-based gambling sites have at max like 1M users.
But the thing is crypto gambling is much more anonymous and non-traceable. These features surely attracting more and more people towards crypto gambling. The only condition when all online gambling sites start using cryptocurrency is when users demand for that. Consumer is the king! As far as users are ok with fiat gambling, I don't see any reason why sites like Bet365 will switch to crypto.

True, but the time will come when people will appreciate a lot more the characteristics of cryptocurrencies, now most people do not understand why it is a good idea to have a currency that governments cannot print at will since they see the economy still working, but there are indications that show that the economies of the world could face huge problems during the next decades, and if they do, you will see many people pushing for the adoption of cryptocurrencies not only in casinos but in all kind of businesses.

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Quote from: Pinkris128 on October 05, 2019, 10:39:36 AM

Quote from: coin-investor on September 13, 2019, 11:41:18 AM

Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?

In time, all online casinos will integrate cryptocurrency in their business. Both fiat and crypto have their pros and cons so keeping both of them letting their customer decide will solve the problem. In my opinion, fiat and crypto can be used both by any industry depending on their customer and transaction with their suppliers.

until now there are quite a lot of gambling sites that can use both of these exchange tools. sometimes users also have the convenience of using crypto and fiat, some people don't really like using crypto, and some like it.

although crypto is very suitable for use on gambling sites, and there are quite a lot of crypto-based gambling sites, there is always a choice to use fiat. well, the site owner might want to attract users who use crypto and fiat.

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Quote from: LogitechMouse on October 05, 2019, 02:36:48 AM

This is one reason why adoption of cryptocurrency around the world. There are many crypto gambling sites at this moment and I believe that it will increase year after year. There are many gamblers too who doesn't want to reveal themselves or their personal information so they prefer gambling online rather than going to casinos.

Crypto gambling sites will help the increase of adoption of cryptocurrencies.

I do get that crypto gambling was one of the first use cases for Bitcoin,,, and I also agree that adoption in gambling is getting better now that people understand such things as low house edge and crypto gambling being provably fair! But on the other hand, we are getting much more use for crypto other than just depositing and using balances within casinos.

I think the crypto adoption rate due to gambling cannot go up much any more now.

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