Pages:
Author

Topic: Will There Comes A Time That All Online Gambling Sites Are CryptoCurrency Based? - page 9. (Read 3831 times)

sr. member
Activity: 1162
Merit: 251
That's likely going to happen, this fiat-based gambling sites will integrate cryptocurrency or they are going to lose more clients and of course, they want to cover more markets for their games, gambling is a multi-billion dollar industry just like porn and if Cryptocurrency dominated this market, there will be a lot of demands for Cryptocurrency.
Thats will definitely happen, if many gambling sites still use fiat as their currency, of course they will lose more and more players, because many player start to go with gambling sites that accept crypto as a gambling currency, because it is much safer and private for them. businesses like this will definitely use crypto as their currency.
sr. member
Activity: 2338
Merit: 338
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 can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.
I consider this thing isn't fun, we are just adopting into the new technology where we can use crypto for gambling and leaving fiat behind. What makes this thing is to give us a great gambling experience which is too much far from using fiat. Is that makes gamblers have some excitement and definitely wants it in the future?

With all these possible changes in the gambling world, we might expect that some of us may take advantage of this. Transparency is very important and I don't know if KYC must be implemented by then or still leaving in anonymous.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general.
More popularity of crypto-based gambling website doesn't lead to this. It causes cryptocurrencies to be more known by the people and to be used in other industries too.

Which people are you referring to, aren't those people still gamblers?. Like I said, it only make cryptocurrency popular to gamblers understand my reasoning. Personally I would prefer other areas of the economy or our everyday life to be conquer by cryptocurrency instead of the gamble industry. We have the health, education or business sector that'll add move value to the usability of the currency if those sectors can be conquered.

Gambling websites always have their users and they will continue to compete with each other even if all of them use cryptocurrencies.

Sure but the competition won't be the same. The catch here is, the fiat based sportbooks would be promoting the advantage of gambling with fiats while the crypto based sportbook would be promoting the advantage of gambling with cryptocurrency, which will brings about productive competition and it's left for the customers to decide on what platform is best for their gambling experience.

The truth of the matter is, in as much as fiat based sportbooks aren't the best choices out there, they still have their advantages so does the crypto-based sportbooks have their disadvantages.
full member
Activity: 602
Merit: 116
The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general.
More popularity of crypto-based gambling website doesn't lead to this. It causes cryptocurrencies to be more known by the people and to be used in other industries too.

Beside, we need those fiat sportbook as competitors to bring about productive competition. Nothing wrong in hoping for this (all online sportbook to be crypto-based) but then it'll just make the industry boring. (my opinion).
Gambling websites always have their users and they will continue to compete with each other even if all of them use cryptocurrencies.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
The chances of this coming into reality is very high although i won't want this to be the case. I don't want cryptocurrency to be associated with just gambling in general. If we conquer the gambling industry it might result to new projects, focusing their attention on just the gamble industry to profit from the hype which will result to the dominance and adoption of the currency to be one sided.

Beside, we need those fiat sportbook as competitors to bring about productive competition. Nothing wrong in hoping for this (all online sportbook to be crypto-based) but then it'll just make the industry boring. (my opinion).
full member
Activity: 602
Merit: 116
Well, most of these online gambling sites are cryptocurrency-based and i think everyone is open to accept cryptocurrency for their gambling sites that's why i think there are no online gambling sites that are purely fiat-based only. But most of these gambling sites nowadays are not totally anonymous since there are gambling sites requires KYC first for you to be able to gamble.
Most of the gambling websites I know don't force customers to pass KYC. However we should wait and see how regulations will ne implemented.

Well, so what do you think now that usually online gamblings do regarding using as a fund? I think they are all using crypto. Gambling enthusiasts are looking for crypto as a payment, they are afraid of using fiat because probably it has personal verification or something related like that. Indeed, from time to time it will happen that all gambling sites are using crypto as a form of cash.
The reason of popularity of crpyto-based gambling website in not only anonymity. Pesoanlly I like their transparency. I can be sure that the games are fair.
sr. member
Activity: 1918
Merit: 442
Eloncoin.org - Mars, here we come!
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 can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.
Well, so what do you think now that usually online gamblings do regarding using as a fund? I think they are all using crypto. Gambling enthusiasts are looking for crypto as a payment, they are afraid of using fiat because probably it has personal verification or something related like that. Indeed, from time to time it will happen that all gambling sites are using crypto as a form of cash.
full member
Activity: 994
Merit: 100
SAPG Pre-Sale Live on Uniswap!
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 can happen but not in the near future, it definitely takes a lot of time. not all countries accept crypto.
if crypto is acceptable to all people, maybe online gambling based on crypto will be very fun for fans of crypto itself.
sr. member
Activity: 2506
Merit: 368
Well, most of these online gambling sites are cryptocurrency-based and i think everyone is open to accept cryptocurrency for their gambling sites that's why i think there are no online gambling sites that are purely fiat-based only. But most of these gambling sites nowadays are not totally anonymous since there are gambling sites requires KYC first for you to be able to gamble.
legendary
Activity: 2450
Merit: 1047
thecryptocurrency.directory
That's likely going to happen, this fiat-based gambling sites will integrate cryptocurrency or they are going to lose more clients and of course, they want to cover more markets for their games, gambling is a multi-billion dollar industry just like porn and if Cryptocurrency dominated this market, there will be a lot of demands for Cryptocurrency.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
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.
hero member
Activity: 2142
Merit: 785
Top Crypto Casino
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?

Every online gambler wants to stay anonymous and that is the primary reason they are gambling online. Cryptocurrencies' main attraction is anonymity and that is why more and more Gambling sites are now crypto ready. So, yes I believe crypto is the future of online gambling.
hero member
Activity: 2856
Merit: 578
Leading Crypto Sports Betting & Casino Platform
If cryptocurrency will be used by many people in the world then there will be a time that it will happen. Now the question is will it be accepted online??

There are some countries at this moment that banned crypto already and there are some gamblers in their country that are using fiat money to gamble online. Lucky for some countries because they can use crypto to gamble but unlucky for some. Online gambling sites slowly increases the adoption of Bitcoin and cryptocurrency in general and if the number of online gambling sites increases annually then the adoption will increase too in a faster pace.
Will it be accepted online? Yes it's happening right now, Cryptoc based gambling sites is lording it over, I have a belief that majority of gambling sites will prefer accepting Cryptocurrency, and gamblers will easily trust gambling based on Crypto, for the simple reason that it's transparent, even the payment is transparent in the blockchain.

Gamblers wants transparency and this is something that Cryptoc based gambling sites main attraction.
sr. member
Activity: 1638
Merit: 300
Maybe, we don't know. If you say that it is crypto currency based, then there would be no other currencies except for cryptos but there are gamblers that do not want to use them or be any part of it so I think they would still accept fiat. It is a possibility but for now, I don't think that would happen.
member
Activity: 1302
Merit: 25
It is possible for cryptocurrency to be the only currency that will be used in gambling site, nothing is permanent because bitcoin earlier was the only crypto used for gambling but until fiat is banned for use. So you can understand if that will happen because that  is what I know that can do that. If it should happen, even the sites too will be banned from using crypto.
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
If cryptocurrency will be used by many people in the world then there will be a time that it will happen. Now the question is will it be accepted online??

There are some countries at this moment that banned crypto already and there are some gamblers in their country that are using fiat money to gamble online. Lucky for some countries because they can use crypto to gamble but unlucky for some. Online gambling sites slowly increases the adoption of Bitcoin and cryptocurrency in general and if the number of online gambling sites increases annually then the adoption will increase too in a faster pace.
sr. member
Activity: 518
Merit: 271
Due to the nature of cryptocurrencies, i think casino owners saw this opportunity to setup online casinos that based on cryptocurrency since it has anonymity and transparency due to public blockchain and besides fiat gambling isn't popular and risky due to potential dangers of putting bank details on site that we don't know if it invulnerable to hacking but the problem is, the government they are trying to stop or regulate cryptocurrencies and also, in some countries online casinos are barely illegal and could face charges if they were caught.
legendary
Activity: 2940
Merit: 1083
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?

Why it should be? Bitcoin adoption will never take place in the whole world even how positive people are. Gambling is everywhere. Lots of countries will not lift their ban into cryptocurrency for at least decades or more from now. Gambling can consider as money-making scheme even for a government, therefore, fiat-based gambling will last a lifetime.

Just enjoy the current status of crypto gambling and don't mind the unrealistic thing to happen which is all online gambling sites will be crypto-based.
legendary
Activity: 3192
Merit: 1198
Bons.io Telegram Casino
Yes why not with the way how adoption and Cryptocurrency are progressing and the numbers of Cryptocurrency gambling sites are launching the probability is high if you make a comparison between fiat-based and Cryptocurrency gambling sites, it favors the latter than the former, and it will happen if they the government can give recognition to Crypto gambling sites.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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?

That will only happen if the governments approve cryptocurrency and gambling at the same time, so there will be much gambling website will launch. Perhaps, the government will approve cryptocurrency, but I don't think all countries will make gambling as a legal thing because that will be related to that country itself.

I think now, online gambling became famous among the people, and now people are trying to use crypto as the bet. I guess that soon, more people will use crypto gambling to play gambling because they are really concern with their identity on the internet that could be sell in the dark market.
Pages:
Jump to: