Your opinions on Online Gambling and Bitcoin

Amph

legendary

Activity: 3248

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Quote from: rastapirataroberto on May 11, 2015, 05:11:43 AM

Quote from: dave1974 on May 11, 2015, 01:38:45 AM

Charity gambling site it's a very good idea ;-)

Up for this,
do we have any examples already?

well one could simply gamble and then donate that to charity if he want, i don't think we really need a site that dose this two thing together

or some dice game could just donate a portion of their earning to a charity service

BTC_Superman

newbie

Activity: 42

Merit: 0

Online gambling is not a bad idea with bitcoin if it is trusted and government allow it.

rastapirataroberto

member

Activity: 280

Merit: 10

The Experience Layer of the Decentralized Internet

Quote from: dave1974 on May 11, 2015, 01:38:45 AM

Charity gambling site it's a very good idea ;-)

Up for this,
do we have any examples already?

Father Ted

newbie

Activity: 22

Merit: 0

Quote from: nikona on May 11, 2015, 04:03:44 AM

Quote from: dave1974 on May 11, 2015, 01:38:45 AM

Charity gambling site it's a very good idea ;-)

Charity gambling or not charity gambling. Currently both forms of gambling are illegal in some countries. Except for playing with bitcoin which can't be regulated.

Gambling is legal in more countries than it is not, but since bitcoin isn't legal tender or money in many places they might be able to get around restrictions using it.

Quote from: nikona on May 11, 2015, 04:03:44 AM

Quote from: btcton on May 05, 2015, 09:47:10 PM

Well, bitcoin has to be integrated into more mainstream uses first. Once it gets around to store retailers and online sales with more strength, then it will be time to look into more specific uses such as sports and competitions. Gambling really just took off that fast with bitcoin because it is a legal workaround to something that would be illegal with fiat, nothing else.

It is true, but now the laws in countries like US are getting strict which is causing these sites to shut down or the owner's facing legal charges like Micon @SWC . But yes there are still way around that. I feel slowly more and more sites will eventually have legal issues with running, but since its an unlicensed industry there is nothing that will stop new sites to come up.

If casino operators are careful with where they host their sites there's not much the authorities can do about them. You absolutly cannot operate them from the USA that's a given.

nikona

hero member

Activity: 574

Merit: 500

Quote from: dave1974 on May 11, 2015, 01:38:45 AM

Charity gambling site it's a very good idea ;-)

Charity gambling or not charity gambling. Currently both forms of gambling are illegal in some countries. Except for playing with bitcoin which can't be regulated.

Quote from: btcton on May 05, 2015, 09:47:10 PM

Well, bitcoin has to be integrated into more mainstream uses first. Once it gets around to store retailers and online sales with more strength, then it will be time to look into more specific uses such as sports and competitions. Gambling really just took off that fast with bitcoin because it is a legal workaround to something that would be illegal with fiat, nothing else.

It is true, but now the laws in countries like US are getting strict which is causing these sites to shut down or the owner's facing legal charges like Micon @SWC . But yes there are still way around that. I feel slowly more and more sites will eventually have legal issues with running, but since its an unlicensed industry there is nothing that will stop new sites to come up.

dave1974

newbie

Activity: 4

Merit: 0

Charity gambling site it's a very good idea ;-)

MUFC

hero member

Activity: 500

Merit: 500

Quote from: inBitweTrust on May 05, 2015, 08:32:12 AM

Quote from: MUFC on May 05, 2015, 08:21:12 AM

Guns/drugs/knives/sugar/alcohol are addictive and/or dangerous. Most of those things including gambling are fun or can be used or enjoyed responsibly by the majority but a few people always have their problems but that's the individuals choice.

Sure and thus the reason why I think it should be legal and unregulated. Gambling in the most benign form is a waste of time like video games or soap operas , with irresponsibility it becomes more dangerous than certain hard drugs.

Are there any gambling sites that donate 100% of net profits to charity?

Gambling is legal in most places, but I'm not sure it being unregulated to do what they hell they want is a good thing. Most things that we do are ultimately a waste of time (posting on internet forums for example lol) but it's all about moderation and what a person gets out of it (drugs and gambling and posting on a forum can be fun but also dangerous and damaging). And Why would they donate money? They're businesses not charities, but maybe you could create the first charity gambling site? People may be more inclined to play there if they think their money is going to a good place once they lose it.

btcton

legendary

Activity: 1302

Merit: 1007

Quote from: Amph on May 04, 2015, 01:00:39 AM

Quote from: btcton on April 19, 2015, 02:42:44 AM

If people want to burn their money, that's their own problem. Anyone thinking gambling is going to get you somewhere is probably wrong.

this is the reason why we should integrate bitcoin in those games that are more skill oriented and less gambling, at least there if you lose is only because of your skill

Well, bitcoin has to be integrated into more mainstream uses first. Once it gets around to store retailers and online sales with more strength, then it will be time to look into more specific uses such as sports and competitions. Gambling really just took off that fast with bitcoin because it is a legal workaround to something that would be illegal with fiat, nothing else.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: MUFC on May 05, 2015, 08:21:12 AM

Guns/drugs/knives/sugar/alcohol are addictive and/or dangerous. Most of those things including gambling are fun or can be used or enjoyed responsibly by the majority but a few people always have their problems but that's the individuals choice.

Sure and thus the reason why I think it should be legal and unregulated. Gambling in the most benign form is a waste of time like video games or soap operas , with irresponsibility it becomes more dangerous than certain hard drugs.

Are there any gambling sites that donate 100% of net profits to charity?

MUFC

hero member

Activity: 500

Merit: 500

Quote from: OpenOcean on May 04, 2015, 12:21:19 AM

Guys, thank you so much for the additional commentary!

Does anyone know a great video illustrator we can hire (we have tried Fiverr and Occulus to no avail).

Any recommendation would be critical as we can explain the industry we are trying to create!

Thank you so much for your time and efforts,
Open Ocean

Ask over on the Services section here. There are always people willing to do this sort of work in exchange for bitcoin.

Quote from: inBitweTrust on May 05, 2015, 08:13:20 AM

Gambling is a disgusting habit that is dangerous , highly addictive, and often takes advantage of the credulous and impulsive that should be free to operate without regulation and interference from states which are equally as nasty(and often have their own corrupt forms of gambling)

Guns/drugs/knives/sugar/alcohol are addictive and/or dangerous. Most of those things including gambling are fun or can be used or enjoyed responsibly by the majority but a few people always have their problems but that's the individuals choice.

inBitweTrust

hero member

Activity: 658

Merit: 501

Gambling is a disgusting habit that is dangerous , highly addictive, and often takes advantage of the credulous and impulsive that should be free to operate without regulation and interference from states which are equally as nasty(and often have their own corrupt forms of gambling)

dhimasnk

hero member

Activity: 546

Merit: 500

Indeed most bitcoin use throughout the world are in the field of online gambling, so the bitcoin gambling should be safe and not rigged

noobtrader

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Quote from: rio3232 on May 04, 2015, 03:36:59 AM

Online gambling make bitcoin more valuable because demand of the bitcon going high.
The player playing online gambling and loss, then the player want buy bitcoin so fast to turnover fastly.

a lot of gambling site also offer altcoin, so what that means?
is that good for bitcoin or bad ?

rio3232

full member

Activity: 224

Merit: 100

Online gambling make bitcoin more valuable because demand of the bitcon going high.
The player playing online gambling and loss, then the player want buy bitcoin so fast to turnover fastly.

Cinnob0n

member

Activity: 116

Merit: 10

-Credits (CRE) Miner/Enthusiast

You should atleast add a house edge of around 1%. Without a house edge you might as well not start the site at all. It pretty much guarantees that a profit will be made off of the site.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: btcton on April 19, 2015, 02:42:44 AM

If people want to burn their money, that's their own problem. Anyone thinking gambling is going to get you somewhere is probably wrong.

this is the reason why we should integrate bitcoin in those games that are more skill oriented and less gambling, at least there if you lose is only because of your skill

Kprawn

legendary

Activity: 1904

Merit: 1074

No house edge = no income for the operator. How will you generate a income from this? {Adverticements?}

Is this purely for entertainment and educational purposes? Other Casino's already have Free2Play options for people who wants to play, without betting. {Bitcasino.io}

Or are you going to host these games and let people play without a house edge, but charge them a entrance fee or a shitload for their food and drinks? Huh

I read the thread, but I cannot pick up on the business model you are going to use.

OpenOcean

member

Activity: 112

Merit: 10

Guys, thank you so much for the additional commentary!

Does anyone know a great video illustrator we can hire (we have tried Fiverr and Occulus to no avail).

Any recommendation would be critical as we can explain the industry we are trying to create!

Thank you so much for your time and efforts,
Open Ocean

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: bryant.coleman on April 18, 2015, 06:48:46 AM

Quote from: BayAreaCoins on April 18, 2015, 03:57:48 AM

I see winners every day Huh

Their "wins" are temporary. Gambing is highly addictive. One day, you will win $100. And addicted by this victory, the next day you will put in $1,000 and lose them all. I have seen many such cases myself.

Same thing can be said of life, its really hard to prohibit things, if house games are upfront about the edge they are taking from the player then the player has the control to decide. If people fall into a trap they should seek help or people who want to help should seek them. Its a really tricky problem though like drug adiction.

btcton

legendary

Activity: 1302

Merit: 1007

If people want to burn their money, that's their own problem. Anyone thinking gambling is going to get you somewhere is probably wrong.

Topic: Your opinions on Online Gambling and Bitcoin (Read 4140 times)