Your opinions on Online Gambling and Bitcoin - page 2.

Balls

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Quote from: bryant.coleman on April 18, 2015, 03:51:45 AM

Quote from: Snipe85 on April 17, 2015, 03:38:07 PM

My opinion is positive. Gambling can become an addiction, but we can't protect everyone and shield them from their own cravings. It can also make you rich, not all gamblers are losers, some make fortunes.

From my part, I haven't seen a single person who has benefited from gambling (other than the owners of the gambling sites). Some people were lucky... earning quite a lot of quick profits in the beginning. But even they gambled away their initial profits and then slid deeper in to debt, when the addiction took hold.

I don't disagree that gambling can be addictive and destructive but so can alcohol and sugar but there are plenty of people who make a living from gambling or just enjoy it without any problems. It's about moderation and control but obviously some people don't have that and the fun quickly turns into habit and dependance.

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. Gambling 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.

Not always. I'm sure most people do lose more money than they win and the longer youu gamble the more likely you are to lose but you can be a winner overal if you pace yourself and stick to your budget.

countryfree

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Your country may be your worst enemy

Quote from: pawel7777 on April 15, 2015, 07:29:14 AM

Quote from: countryfree on April 15, 2015, 06:50:19 AM

My opinion is that gambling is bad for BTC.

BTC has suffered too much from being associated with terrorism, pedophilia or gambling, even if hard facts were non existent. I don't want anyone to think of BTC as some kind of monopoly money, and there's nothing positive in online gambling. I advise you to look for another business idea.

You can argue whether gambling itself is good or bad, but it's definitely good for BTC (in terms of price and adoption).

Like it or not, currently large % of all bitcoin transaction relate to gambling, which probably creates fair part of demand. Would it be good if you take it away?

What you're talking about is the image issue. You seem to want to present Bitcoin to the world as 'pure goodness', that's bullshit. Bitcoin is not meant to be solution to all the problems, it's meant to be an alternative to fiat. That means it could be used both for noble and for shady things. And that's OK.

Noble and shady things, this is very precisely my idea. The problem right now is that the shady things might be too big, and the noble causes too small. If someone comes up with another gambling project, BTC needs at least 2 noble projects to balance positively its image.

bryant.coleman

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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.

BayAreaCoins

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Quote from: bryant.coleman on April 18, 2015, 03:51:45 AM

Quote from: Snipe85 on April 17, 2015, 03:38:07 PM

My opinion is positive. Gambling can become an addiction, but we can't protect everyone and shield them from their own cravings. It can also make you rich, not all gamblers are losers, some make fortunes.

From my part, I haven't seen a single person who has benefited from gambling (other than the owners of the gambling sites). Some people were lucky... earning quite a lot of quick profits in the beginning. But even they gambled away their initial profits and then slid deeper in to debt, when the addiction took hold.

I see winners every day Huh

bryant.coleman

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Quote from: Snipe85 on April 17, 2015, 03:38:07 PM

My opinion is positive. Gambling can become an addiction, but we can't protect everyone and shield them from their own cravings. It can also make you rich, not all gamblers are losers, some make fortunes.

From my part, I haven't seen a single person who has benefited from gambling (other than the owners of the gambling sites). Some people were lucky... earning quite a lot of quick profits in the beginning. But even they gambled away their initial profits and then slid deeper in to debt, when the addiction took hold.

WhatTheGox

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Quote from: fox19891989 on April 18, 2015, 03:34:09 AM

Quote from: OpenOcean on April 13, 2015, 02:34:08 PM

Hello Everyone,

I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. I believe this is a system where by provably fair sites can remove some of the stigmas associated with skill-based and chance games, as well as provide educated people (statisticians for example) and long-run method by which to make real returns from their knowledge despite an economy that undervalues their skills (even though they're paid more than the poultry that goes for average these days).

Anyhow, I understand that there are many counterpoints and draw backs from what I have said. We are aware that gambling has ruined lives before. Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate? Are the government's imposed limits a big difference in when it comes to the application of these devices? Are some governments/regions/jurisdictions more progressive than others?

This conversation is of particular interest to me so thank you for any and all input.

Open Ocean

P2P gambling, with no house edge, so you make money from service fees right? It is interesting, but P2P game is not very popular here, people like play casino games.

I know some p2p games in the community, but they get low traffics, hardly run a P2P game here. Unless your game is awesome.

I dunno poker is a p2p game and very popular, i think people would pick a p2p game vs a house game provided its entertaining. Also p2p gives us the opportunity for direct interaction in the game giving it more variety when you play. Some people will always like standard house casino games for sure.

fox19891989

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Quote from: OpenOcean on April 13, 2015, 02:34:08 PM

Hello Everyone,

I am a young entrepreneur and I want my niche to be online P2P gambling, with no house edge. I believe this is a system where by provably fair sites can remove some of the stigmas associated with skill-based and chance games, as well as provide educated people (statisticians for example) and long-run method by which to make real returns from their knowledge despite an economy that undervalues their skills (even though they're paid more than the poultry that goes for average these days).

Anyhow, I understand that there are many counterpoints and draw backs from what I have said. We are aware that gambling has ruined lives before. Yet, recently governments (UK, Canada, Italy, etc.) has begun to offer online gaming as a way to generate taxes. Does government ownership of gambling make it more legitimate? Are the government's imposed limits a big difference in when it comes to the application of these devices? Are some governments/regions/jurisdictions more progressive than others?

This conversation is of particular interest to me so thank you for any and all input.

Open Ocean

P2P gambling, with no house edge, so you make money from service fees right? It is interesting, but P2P game is not very popular here, people like play casino games.

I know some p2p games in the community, but they get low traffics, hardly run a P2P game here. Unless your game is awesome.

WhatTheGox

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Quote from: Cray4Cryptz on April 17, 2015, 11:27:43 PM

Quote from: Amph on April 13, 2015, 02:43:30 PM

i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?

because many of them can't stop playing until they lose all(and i know how they feel, fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity

Yes, gambling sites should be regulated but I do not agree taxing it. Regulation is enough, if theyll tax bitcoin gambling sites then a lot of gambling sites will probably shut down.

About losing in a gambling site, its out of the operators concern. One should know their limits if they want to gamble.

Lucky in the UK gambling earnings are already non taxable, thats a pretty awesome law we have over here at least.

Cray4Cryptz

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Quote from: Amph on April 13, 2015, 02:43:30 PM

i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?

because many of them can't stop playing until they lose all(and i know how they feel, fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity

Yes, gambling sites should be regulated but I do not agree taxing it. Regulation is enough, if theyll tax bitcoin gambling sites then a lot of gambling sites will probably shut down.

About losing in a gambling site, its out of the operators concern. One should know their limits if they want to gamble.

Snipe85

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Infleum

My opinion is positive. Gambling can become an addiction, but we can't protect everyone and shield them from their own cravings. It can also make you rich, not all gamblers are losers, some make fortunes.
If somebody wants to gamble away his life savings and live on the street it's his choice.

harlenadler

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Agent of Chaos

Though gambling might result in huge losses but it's as tempting as it comes. What i would suggest you is start with small amount , if you make some profit , withdraw investment and keep playing wisely in case you loose just move-on. There are many gambling sites which you can find in Gambling section. It should surely be regulated , though i don't think our government cares about it unless they see a fortune there to steal , so good luck making a great site and zero house edge is great but how will you be making good profit with 0 house edge???

WhatTheGox

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Quote from: Q7 on April 17, 2015, 03:49:44 AM

Gambling is nothing more than entertainment and to ban it sounds ridiculous to say the least. When that is done people will still find a source of channel or another way to gamble illegally so no way can you stop this. Having said all that it's important that some form of regulation is imposed to ensure it is provably fair.

Its good to be provably fair and gambling is just another entertainment form. When getting into the space i think its good to focus on what games people like to play or how people like to gamble. It doesnt always have to be poker and casino games though.

Amph

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Quote from: Sithara007 on April 17, 2015, 03:14:33 AM

Quote from: Amph on April 17, 2015, 02:12:22 AM

Quote from: BayAreaCoins on April 15, 2015, 11:41:18 AM

Government isn't needed.

You just need a trust worthy and good admin.

Just-dice is prime really

i would say that any human isn't needed, better to invest in some serious automatized super bot, that can do the escrow, for problem related to "Lies" from one of the two part that are selling/buying, you can rely on sign by both

for example if one of the two say that it's item is no arrived, you know he is talking no-sense because he signed the package from the courier, ecc...

Even that can also have a loophole and admin can identify it very easily. He will surely going to use that for his/her own good.
Couldn't understand your example buddy.

what do you mean? i'm talking about 100% automatization, no maintenance needed ever, there is an user here on bitcointalk that is working on something similar

Q7

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Gambling is nothing more than entertainment and to ban it sounds ridiculous to say the least. When that is done people will still find a source of channel or another way to gamble illegally so no way can you stop this. Having said all that it's important that some form of regulation is imposed to ensure it is provably fair.

duckydonald

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Pre-sale - March 18

Quote from: OpenOcean on April 16, 2015, 04:35:15 PM

The gambling thread is now located at: https://bitcointalksearch.org/topic/open-oceans-new-product-coming-soon-1026771

you sound like a robot, beware the machines are taking over in gambling!!!!

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: Amph on April 17, 2015, 02:12:22 AM

Quote from: BayAreaCoins on April 15, 2015, 11:41:18 AM

Government isn't needed.

You just need a trust worthy and good admin.

Just-dice is prime really

i would say that any human isn't needed, better to invest in some serious automatized super bot, that can do the escrow, for problem related to "Lies" from one of the two part that are selling/buying, you can rely on sign by both

for example if one of the two say that it's item is no arrived, you know he is talking no-sense because he signed the package from the courier, ecc...

Even that can also have a loophole and admin can identify it very easily. He will surely going to use that for his/her own good.
Couldn't understand your example buddy.

Amph

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Quote from: BayAreaCoins on April 15, 2015, 11:41:18 AM

Government isn't needed.

You just need a trust worthy and good admin.

Just-dice is prime really

i would say that any human isn't needed, better to invest in some serious automatized super bot, that can do the escrow, for problem related to "Lies" from one of the two part that are selling/buying, you can rely on sign by both

for example if one of the two say that it's item is no arrived, you know he is talking no-sense because he signed the package from the courier, ecc...

OpenOcean

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The gambling thread is now located at: https://bitcointalksearch.org/topic/open-oceans-new-product-coming-soon-1026771

OpenOcean

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arlekyn13

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Topic: Your opinions on Online Gambling and Bitcoin - page 2. (Read 4140 times)