Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based? - page 4.

judeafante

sr. member

Activity: 2254

Merit: 258

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's possible maybe 5 years from now, gambling operator will find out how good Cryptocurrency is and they will integrate it to their system and it will become advantageous to operator and gamblers, it will only happen if these gambling sites that are based in Cryptocurrency will succeed and so far it's succeeding so we'll see, it happening five years from now.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Hippocrypto on October 02, 2019, 09:37:53 PM

Quote from: xSkylarx on October 02, 2019, 09:18:11 PM

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

Fiat wouldn't be removed from the sytem of our economy, much more on gambling and in order to make that possible with online gambling to be dedicated with cryptocurrency, people should learn to use it. Makit it as primary as medium of spending, government should implement both fiat and crypto exchange to be more compatible.

If fiat and cryptocurrency can be used together in gambling, I think that would be nice. People can choose whatever they want to bet, and if they don't want to lose fiat, then they can use crypto to playing gambling. That will give another experience to them since cryptocurrency is something new to them. And that will help the casino to gain more members to come to their places.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: stomachgrowls on September 13, 2019, 12:19:10 PM

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

Will, there comes a time that all online gambling sites will be Cryptocurrency based?

No, fiat based ones would still exist no matter what because there would be always players who do prefer on playing fiat based rather than on considering crypto.
We know that there are people who dont totally trust on how crypto works and they dont really care at all and by means of security they do highly believe on what fiat-based online casinos have the edge.

Fiat based gambling sites will still exist but we can't really say that crypto based gambling sites will not exist in the future because cryptocurrency is becoming popular nowadays and who know someone will create a gambling site that is cryptocurrency based. Also, not all people prefer using fiat in gambling sites because it is complicated unlike when you use crypto it is more secure.
People don't trust crypto because they don't understand how it works and they only believe what they hear or see and not really knowing the benefits of using cryptocurrency in gambling sites. All gambling platforms or even casinos are all the same regardless if you use cryptocurrency or fiat.

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

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?

The number of gambling sites that offers cryptocurrency based transactions are indeed increasing and nowadays, I see a lot of gambling sites are also making their own coin that can be used exclusively on their business. In time, I can see that all online gambling sites would have integrated crypto. But still, there is still a need in fiat in some ways. So that, users can decide what they prefer.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: Ailmand on October 02, 2019, 03:42:43 AM

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.

Yes all the sites and the casino should accept both crypto and fiat as different areas has different development status but at the same time I would say now it is modern era where every country and city have internet access. People can enjoy online gambling now after few months using of crypto will be no issue systems are being so digital now.

Malsetid

hero member

Activity: 924

Merit: 502

CryptoTalk.Org - Get Paid for every Post!

Quote from: Reatim on October 02, 2019, 11:28:51 PM

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 sure it will,where getting closer now to crypto connected gambling sites,in some gambling threads different games from all over the world are now starting to be acknowledged by gambling operators,the latest that I’ve read is a Cockfighting in which very popular to many countries from Asia to Europe or even in Africa and some part of America (though I think it’s illegal in USA)and of course impossible to Antarctica lol 😂

Generating gambling using all of cryptocurrency is more efficient than gambling in fiats

Can't be too sure about that dude. Even with the rise of online gambling, old school wagers are still pretty common. So there may come a time when crypto gambling is the most popular method, but it can't be the only one. Some people will still want to gamble either with properties, belongings and fiat. Gambling is a very big, diverse industry so you can'y have just one means for it.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

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 sure it will,where getting closer now to crypto connected gambling sites,in some gambling threads different games from all over the world are now starting to be acknowledged by gambling operators,the latest that I’ve read is a Cockfighting in which very popular to many countries from Asia to Europe or even in Africa and some part of America (though I think it’s illegal in USA)and of course impossible to Antarctica lol 😂

Generating gambling using all of cryptocurrency is more efficient than gambling in fiats

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: xSkylarx on October 02, 2019, 09:18:11 PM

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

Yeah but in the longer future I guess every single online gambling site will be using cryptocurrency already. I cannot see the future of fiat. It has to drastically change if it wants to still be of relevance to the age. Perhaps they will perfectly fit to a digital age if they will convert themselves into a digital currency, which is apparently what is happening now, albeit very gradual.

Although for now majority of the world is still using fiat so it is not a puzzle if online gambling sites will always cater to the fiat currency. They must have a huge body of gamblers who are using fiat.

Sadlife

sr. member

Activity: 1400

Merit: 269

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?

Sure there will be a chance ,if all people older than ours learn how to use crypto or learn about crypto because other than us there are still people outside that plays using Fiats or monetary

What I’m assure of is 5-10 years from now what you’ve asked is what will happen because just like what you also said that transparency of cryptocurrency games is much better than traditional

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: xSkylarx on October 02, 2019, 09:18:11 PM

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

Fiat wouldn't be removed from the sytem of our economy, much more on gambling and in order to make that possible with online gambling to be dedicated with cryptocurrency, people should learn to use it. Makit it as primary as medium of spending, government should implement both fiat and crypto exchange to be more compatible.

xSkylarx

hero member

Activity: 2366

Merit: 594

Yes it is possible but there would still be an option to use fiat. You can't force all people to use cryptocurrencies and there are still some countries where it is restricted to use it. Fiat will never disappear like what other thinks. Not all can afford and adapt to use cryptocurrencies as their main medium of money.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Ailmand on October 02, 2019, 03:42:43 AM

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.

Yes, in my opinion, fiat will always be a part of payment options in an online gambling site.
Not all gamblers have a stash of crypto, or not all the time that they have crypto in their wallet.
It is not easy for a gambling site to convert their options only to crypto.
This will affect their business so I don't think it is their best interest to be an all-crypto gambling site.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: ReiMomo on October 01, 2019, 01:43:29 PM

Quote from: crzy on September 27, 2019, 04:56:09 PM

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

Crypto gambling industry is indeed increasing year to year, we can hope to see more new gambling sites come in the future but to see all gambling sites are based on cryptocurrency will not happen as I have said previously unless all countries legalize crypto as the main currency to replace fiat. Fiat casino or even any other online industry such as ecommerce will still use fiat as the main currency.
Do not expect too much while not all countries are supporting crypto as a currency. Maybe it may happen in a country where the governement supports crytpo and online gambling, but to see it worldwide is still like a day dreaming at this moment. I do not mean to underestimate crypto or cryto gambling, just looking at the fact about it.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

I think that online gambling sites would still have an option to have fiat as their currency since not all gamblers have cryptocurrency. If all yhe website will be crypto based, this might become a hassle to some of the players since cryptocurrency might not be allowed in their country. So, fiat based currency gambling sites would remain.

qwertyup23

hero member

Activity: 2268

Merit: 789

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 highly depends on the country but most online gambling websites that I know require the supplement of KYC in their registration.

To answer your second question, I think the time that all online gambling sites will be Cryptocurrency based once we shift the medium system to an electronic type of cash. But for the time being, it is impossible that it would happen anytime soon. The fiat system will always be present no matter how we change the medium.

Quote from: ReiMomo on October 01, 2019, 01:43:29 PM

Quote from: crzy on September 27, 2019, 04:56:09 PM

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

The only time that cryptocurrency would be the main medium in online gambling sites is the time when we shift our system of payments, which is impossible for the time being. There are countries who lack access to the internet and other relevant stuff to cryptocurrency. Despite this shortage, making cryptocurrency as the main medium is potentially dangerous to the economy.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: crzy on September 27, 2019, 04:56:09 PM

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

Using fiat maybe but not on online gambling casino. I wouldn't bother my self to linked my credit card into the gambling site because there is a possibility that I was got hold by the bank because of gambling sources. I still prefer using cryptocurrency as a form of money on the internet. Time to time bitcoin casino will always be pumping in the gambling industry and that is expected. And all gambling online casino will be based on cryptocurrency.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: vintages on September 25, 2019, 03:44:32 PM

Quote from: South Park on September 25, 2019, 02:12:23 PM

I doubt it, for that to happen we will need for bitcoin to become the most dominant currency around the world, and while that possibility cannot be discarded I really doubt that governments are ever going to stop printing their own currencies since it gives to them too much unilateral power over people and their futures, however if bitcoin becomes big enough then I do not see why we could not reach a point in time in which every big casino has to accept bitcoin and other cryptocurrencies if they want to remain profitable.

I agree but it's not even about Bitcoin been the dominating currency but on what will happen to countries where cryptocurrency are banned.
Or else if the casino refuse to register their company or get a licence for it (which is not a good idea for authenticity) ;it cannot work.

There are countries where there are very strict restrictions against cryptocurrencies and people still use crypto to gamble and many other things, people understand why some stuff is considered illegal or there are strict regulations, like it is the case of drugs, but it is going to be very difficult for governments to ban cryptocurrencies when it is only a form of money, and if they do, they cannot expect people to comply so I am not worried there will always be bitcoin casinos in which we can gamble with our coins.

crzy

full member

Activity: 2128

Merit: 180

Quote from: Capt00 on September 27, 2019, 09:59:15 AM

Quote from: negancoin on September 26, 2019, 06:31:01 PM

The idea of all online gambling sites becoming Cryptocurrency based is not gonna happen, instead those big giant websites will add crypto currenty to their payment methods to take customers from Cryptocurrency based gambling websites. At least that what would probably happen in coming years. The current blockchain technology are still far away from achieving breakout that could change the entire world form centralized to decentralized, we're still not capable even to create professional Dapps.

Maybe we can't this time but when cryptocurrency is fully adopted globally we could witness that most gambling sites will look for that. In fact, we are started already and the said market development will continue until we reach the highest peak. It just a matter of time, we can't make it instantly but we can make it at the right moment. There is no reason to decline such a thing if we all can get benefits from here.

That will happen in time, i also believe on that but maybe online gambling sites will still accept fiat money and they will choose to accept both currency because they know some of the gamblers are still prefer to use fiat money since the value of cryptocurrency will tend to increase year after year.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Ucy on September 27, 2019, 03:30:55 AM

The decision should be left for gamblers. There are gamblers who will need the anonymity, especially those from countries that are hard on gambling. Some gamblers wouldn't care about anonymity or other features Crypto provides as long as they get all they need on a fiat/Crypto based gambling site.

Indeed, aside from the anonymity issue, some gamblers are comfortable using their VISA and master card in online gambling and worst, majority of gamblers as of now has no idea about cryptocurrency or if they have, they are just too comfortable to move to the new form of gambling currency(cryptocurrency).

Quote from: redsun114 on September 27, 2019, 02:42:49 PM

I believe that thetime would surely come definitely because the advantage over fiat cryptocurrency is much more valued and who know it could later become world money and the adoption rate will be 100%.

Believe me there is no 100% adoption in a short period of time even though they are approved by the government. And some had been obsolete even before they get halfway of the road.

redsun114

hero member

Activity: 2730

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: South Park on September 25, 2019, 02:12:23 PM

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 doubt it, for that to happen we will need for bitcoin to become the most dominant currency around the world, and while that possibility cannot be discarded I really doubt that governments are ever going to stop printing their own currencies since it gives to them too much unilateral power over people and their futures, however if bitcoin becomes big enough then I do not see why we could not reach a point in time in which every big casino has to accept bitcoin and other cryptocurrencies if they want to remain profitable.

To be honest, I don't think bitcoin has to be a dominant currency before this can happen, and I feel that we are almost very close to that time because as it is now, a lot of people are dumping fiat for cryptocurrency gambling not only because of its safety but also because it is more profitable and the fact that it makes them anonymous.

I believe that thetime would surely come definitely because the advantage over fiat cryptocurrency is much more valued and who know it could later become world money and the adoption rate will be 100%. Then it will be compulsory for everyone to gamble with cryptocurrency or at least they could give just for more option for countries that are yet advanced.

Topic: Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based? - page 4. (Read 3847 times)