Poll: Have you started promoting Bitcoin Gambling?

[Anton BitCasino]

Hey Guys!

Have you already started promoting Bitcoin gambling on your websites?
If not, please tell us why!

[Doolally]

I haven't and to be honest, I'm not sold on the whole BitCoin thing yet.

Do people really deposit and buy Bitcoins? Why? Or, is it all virtual nonsense and untraceable money laundering?

I don't think I know anyone who 'invests' their wages in Bitcoins at any time.

[sweetbet]

I don't go looking for Bitcoin casinos to promote, BUT if a sponsor that I'm already promoting adds Bitcoin as a new banking option, then I list them on a Bitcoin page that I have set up.

[Roulette Zeitung]

Bitcoin was born with good intention and was a good idea, but right now, Bitcoin is used by so much criminals in the world, that you can say, in the long run they will suffer the same fate as eGold, that is nothing else then a virtually currency for scammers and gangsters.

In the Dark Net / Shadow Web section of the Deep Web (Deep Web = 99 % of the real internet that Google does not show you, where e.g. also freedom fighters and journalists can exchange information), in this section of the Deep Web you can purchase everything within minutes: Live stream torture and killing like "Hostel", hacking, drugs, weapons, assassinations, child porn, amputated slaves, everything that is beyond imagination, and all these "services" can be purchased with Bitcoins.

As long as this "currency" exist, as long people - also children (Search e.g. for "Daisy's Destruction" and "Peter Scully") - will be killed and tortured for the show in my opinion.

Leopold

[Progger]

Bitcoin ? Who needs ? The most bitcoin users are criminals,and i not support this.

regards

[baldidiot]

I haven't and to be honest, I'm not sold on the whole BitCoin thing yet.

Do people really deposit and buy Bitcoins? Why? Or, is it all virtual nonsense and untraceable money laundering?

Maybe in countries where depositing is harder? US for example.

Can't imagine anyone would use bitcoin in an online casino in somewhere like the UK where we can use paypal, debit cards... even cash through the bookies if you want to keep the banks out of it.

[Anton BitCasino]

I haven't and to be honest, I'm not sold on the whole BitCoin thing yet.

Do people really deposit and buy Bitcoins? Why? Or, is it all virtual nonsense and untraceable money laundering?

I don't think I know anyone who 'invests' their wages in Bitcoins at any time.

We are going to spread some free Bitcoins among GPWA affiliates soon. So you can take part in this giveaway and try out the whole system.

People do buy and gamble on Bitcoin. You can check this article to see our progress for the last year.

[BSC]

Hi Anton, great question and poll.

There is definitely a market for Bitcoin gaming. But I think Bitcoin is still a mystery to a lot of people, especially the general population. I would have no problem promoting a casino that accepted Bitcoin except for one thing. For myself personally I have no need to use Bitcoin and don't want the hassle of converting it to a standard currency. Therefore, if an affiliate program will only pay affiliate earnings in BitCoin and not EUR/USD/CAD then I will not sign up.

[MichaelCorfman]

In the case of Casino City, we currently promote quite a few gaming sites that accept bitcoins. In our directory of online gaming sites we list 72 online casinos that accept bitcoins and we promote about a third of them. Generally we start with sites we find acceptable to promote, and then if they accept bitcoins, we use that as one of the ways we promote them. We also know of 28 sportsbooks (we promote five of them), 13 poker sites (we promote five of them as well), and a couple bingo sites (we promote one of them) that accept bitcoins.

Michael

[universal4]

While it may be acceptable to promote sites that also happen to accept bitcoin, many bitcoin proponents suggest people should promote them just because they do coins.


Rick
Universal4

[NDG]

I would have a section added to our sites for Bitcoins, if I had a clearer idea on
what percentage of players actually deposit using this method compared to others.

I just always assumed that Bitcoin deposits came from a very small pool of players.

[rouletteguru]

The USA is a huge market, and bitcoin casinos are able to accept USA players. I'd be more concerned about whether or not you're an affiliate of a casino that will pay what's owed.

[eenzoo]

Make some commissions with two BTC casinos, but skipped the idea to start a "BTC only" casino portal.

[agsgroup]

I'm not sold on the idea yet, but I probably need to look more into it too. If I added a section to a portal in future, that probably would suffice. I doubt i'd have a whole site dedicated to it.

[Ares]

Started and stopped, because it needed too much paperwork to get paid in anything else than bitcoins.

[ocreditor]

Many brands are also having bitcoin as alternative payment method and support it along with all the rest of the regular currencies

[Sherlock]

While it may be acceptable to promote sites that also happen to accept bitcoin, many bitcoin proponents suggest people should promote them just because they do coins.


Rick
Universal4

I 100% agree (and even tested it, even when I knew that). It is a nonsense to promote Bitcoin casinos/bookies only because they are using Bitcoins. At least at general non-bitcoin related websites. It makes sense on websites related to Bitcoins, but I guess nobody here has those.

It makes sense to promote casinos/bookies on general websites that allow bitcoin transactions but only in countries with restricted movement of money (like US, Turkey etc.). But again, it does not make much sense to have the bitcoin itself as attractor for the gamblers. It makes sense to promote fast and smooth deposits for US customers for example (because it is right), it makes sense to educate them how to do the banking, but it does not make sense IMO to put big Bitcoin logo into banners etc.

I think Bitcoin currently scares 90% of members of this board and even more % of general population. In fact it is no more than a great transaction tool and new kind of money. Nothing more, nothing less. And btw. I do not believe much in success of new 100% Bitcoin casinos, although I am testing Cloudbet. I think once things get serious and bookies will switch into btc in full scale, the big brands will dominate and there will be no space for pure btc brands.

It is simply too much to ask lazy potencial customer to do registration, deposit, to learn about bitcoins and to do the deposit to btc exchange first. At least this is too much on markets, where banking is still smooth. Gambling is for compulsive consumers, not for Einsteins.

The overregulated parts of industry are waiting for integration of btc based processors where the users will not get in touch with bitcoins or they would touch them only a little. I think that is the way. If I had time, I would have started to develop that.

[universal4]

I think Bitcoin currently scares 90% of members of this board and even more % of general population. In fact it is no more than a great transaction tool and new kind of money.

I think this is part of the flawed logic and part of the reason there is additional confusion.

It can NOT be both!

It was designed and released and promoted heavily in the beginning as a currency, one that will eventually replace ALL WORLD WIDE currency.

However, it could be a decent enough transaction tool (although the 21 million coin limit is silly if it were).

Rick
Universal4

[Sherlock]

You are confusing things according to your wishes. It is not 21 million bitcoins. It is 21 000 000.000 000 00 Bitcoins. That is 2100 trillions of units (that can be further divided). It does not matter if the one unit has too high (or low) value. 1 unit of British pound had also extreme value some time ago and was used. It is simply nonsense to think 21M btc is not enough. Even after btc will be 1M usd there will be a possibility touse the fraction of currency to buy or rather show value of the cheapest things. Because nobody will transfer bitcoins for day to day transactions if bitcoin becomes world reserve currency.

Myth #2 that you contantly are byuing (all the time with caps lock) is that someone promoted bitcoin as something. Nobody promoted bitcoin as something. Only few insignificant leftist idiots were shouting that nonsense out. That is a difference.

Bitcoin has ambition to become a reserve currency, which is something compltelely else than world wide currency. Reserve currency is a currency that can hold value and blockchain based currency is best exactly for that because no central bank can forge such currency.

Let the crazy leftists, that are representing bitcoin for you (but in reality it is not true, because they have no money/bitcoins), say whatever they want about world wide currency, it is simply not right. Any blockchain will never have advantage in common transactions. It is too costly. Exactly as it is costly to move gold bars.

And the last point of the "flawed logic": money always must have certain functions (Medium of exchange, Measure of value, Standard of deferred payment, Store of value). Exactly this is how money is defined. Only commodity or whatever else that has those 4 functions can be called money. Therefore if something has to be new kinds of money it must be a transaction tool := medium of exchange.

The problem in debate with most people about bitcoin is, that most people have no clue what money is. I have MA in macroeconomics, so please do not argue with me what is the definition of money. What you think is money is just your mental construct.

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[universal4]

I am not confused, Yes, it IS limited to a total of 21 million, that is all that can ever be mined, no matter how many decimal points you divide it out, it still can never be more than 21 million total coins.

Here is the explanation of why they chose that number
http://bitcoin.stackexchange.com/que...-to-be-created

It was VERY clear how and what bitcoin was promoted at the beginning, anyone that reads the history of how it was promoted in the beginning should be able to clearly see that. In fact that is part of the hype that is still behind it to this day.

It was then, and sometimes today, still promoted as a currency replacement.

And I honestly think that many banks and financial institutions are studying the blockchain technology as a way to SAVE money, since some points of the technology may well save financial institutions money on transactions in the future.

I totally agree that bitcoin will NEVER replace the fiat currencies of most nations, but trying to say that much of the hype that first surrounded the promotion of bitcoin did not include that is imo incorrect.

Rick
Universal4