What do you think on the future of Cryptocurrency Gambling?

[Sherlock]

f/ the main problem
You need to take the power from the state. It will never happen without a disaster. If in theory you have something like IOTA working (=crypto that has unlimited scalability, 0 tranaaction time, no bugs in code, educated people, simply something flawless), then even today it would not be used. There would be a war that we can not imagine. Only because the crypto is not flawless and has its own issues we do not see such a problems on massive scale. Nobody gives up all power without fight.

Honestly I think in the fair fight even flawless crypto would lose now. The states still hold the power and can hold things under the hood like drugs or gambling.

But it will be a different story once the collapse comes. The state loses the power in the collapse. The new power equilibrium will establish with crypto in. I believe in that. I totally do not care about trading or recent price. This is the only reason why to be in. If it is too much conspiracy, you can always have a good old job. Like affiliate marketing in the UK. I just decided to sell even more ad space there to ad agency, it is worse than Turkey. I fired another person. It escalated fast...

[cryptocasinoscc]

I agree - but I can't see this happening anytime soon.

Perhaps it will when we get more cards that transition between fiat currencies and crypto-currencies (eg. TenX is still trying).

However, the very nature of the projects with their disparate worker base, no real strategic thinking, and unconscious "elite" manner (have means that there will be a technological barrier to entry into using crypto for the foreseeable future.
- You need to protect your keys,
- You need to understand send / receive addresses,
- You need to practice safe computing.

Given that most people under 30 only have access to computing and the internet via their mobile phone, there is still a huge disconnect between crypto wallet requirements and the real world that their potential user base lives in.

I'd never store much of my crypto on my phone - would you?
And without an institution backing the app, it's not the same as a bank account, credit card.

Thanks for your response and contribution.

What I foresee is the integration of plastic cards with cryptocurrencies. Or maybe new plastic cards (embedded with next-generation chips) for using with your cryptocurrencies as if we have VISA and MasterCard etc. We may be having X-Crypto cards from the banks. Also maybe VISA or MasterCard convert itself to a cryptocurrency! little bit futuristic approach. Sorry if I have gone so far!

That is similar to what "TenX" working on.

Also, as far as I know, 75 of the countries have already started to use Bitcoin + Altcoin ATMs. I am sure more cryptocurrencies will be added. It will support the friendly-usage of the cryptocurrencies.

Isn't it a promising development?

Here is the map of Bitcoin + Altcoin ATMs all around the world: https://coinatmradar.com/

What do you think?

Thanks

[universal4]

But, those that use the cards, as an example in the US, will go to the store and see PRICING is US Dollars, and they will pay in US Dollars with a card that just happens to withdraw the funds from a financial account that holds their funds in bitcoin. (obviously others in other countries)

People in their respective countries will still think of money in the form's of their current government's fiat currencies, and I think it will continue in that manor for the foreseeable future.

A pack of cigarettes will still be advertised at 5 bucks, not .0whaterver bitcoin.

Whether credit cards are tied in to financial accounts that contain bitcoins or not doesn't really change that bitcoin certainly helps grey market casinos transfer funds that would otherwise have problems, but I still wonder how quick more widespread acceptance will be forthcoming due to being so closely tied in to online gambling and I wonder if that hurts the speed in which that acceptance comes.

Not everyone may agree with that, but time will tell.

Rick
Universal4

[cryptocasinoscc]

f/ the main problem
You need to take the power from the state. It will never happen without a disaster. If in theory you have something like IOTA working (=crypto that has unlimited scalability, 0 tranaaction time, no bugs in code, educated people, simply something flawless), then even today it would not be used. There would be a war that we can not imagine. Only because the crypto is not flawless and has its own issues we do not see such a problems on massive scale. Nobody gives up all power without fight.

Honestly I think in the fair fight even flawless crypto would lose now. The states still hold the power and can hold things under the hood like drugs or gambling.

But it will be a different story once the collapse comes. The state loses the power in the collapse. The new power equilibrium will establish with crypto in. I believe in that. I totally do not care about trading or recent price. This is the only reason why to be in. If it is too much conspiracy, you can always have a good old job. Like affiliate marketing in the UK. I just decided to sell even more ad space there to ad agency, it is worse than Turkey. I fired another person. It escalated fast...

I see the points you mentioned and show respect to your thoughts but let me kindly ask you this quick question?

- What if both sides of the fight are controlled and manipulated by the same behind-the-scenes power? Then what will happen in the near future?

P.S.: Think over the Metallica's "Master of Puppets" album cover

Cheers

[TheGooner]

People in their respective countries will still think of money in the form's of their current government's fiat currencies, and I think it will continue in that manor for the foreseeable future.

A pack of cigarettes will still be advertised at 5 bucks, not .0whaterver bitcoin.

I guess it depends on quite a few things - adoption of crypto of course - but also globalisation of markets.
Locally I'd imagine that local fiat pricing will hold in supermarkets and corner shops.

But how about online? Do you think people in the EU hold the Euro dear to their heart ? The Euro is a new toy, replacing the old currency quickly and simply over a matter of years. Why not a world standard (whether it's crypto or some sort of IMF note)

When people like me shop online for tech gear, or clothes, or gold bullion or any international commodity, do you think that I care whether it's quoted in Euros, Pounds, Yen, or Dollars (Aust, Can, US of even NZ) ? I pay electronically whatever the currency.

And eventually this globalisation will move to upmarket stores in major cities and spread from there. It sounds unfeasible to you, but I walk through airports all the time where items are quoted in 3,4 or 5 currencies.

It may not be a crypto token - but homogenization of fiscal systems is surely a key part of any science fiction future - crypto or "credits" - what is the difference really?

[cryptocasinoscc]

But, those that use the cards, as an example in the US, will go to the store and see PRICING is US Dollars, and they will pay in US Dollars with a card that just happens to withdraw the funds from a financial account that holds their funds in bitcoin. (obviously others in other countries)

People in their respective countries will still think of money in the form's of their current government's fiat currencies, and I think it will continue in that manor for the foreseeable future.

A pack of cigarettes will still be advertised at 5 bucks, not .0whaterver bitcoin.

Whether credit cards are tied in to financial accounts that contain bitcoins or not doesn't really change that bitcoin certainly helps grey market casinos transfer funds that would otherwise have problems, but I still wonder how quick more widespread acceptance will be forthcoming due to being so closely tied in to online gambling and I wonder if that hurts the speed in which that acceptance comes.

Not everyone may agree with that, but time will tell.

Rick
Universal4

Hi Rick,

Have you heard or ever seen "smart digital price tags"?

Let me kindly give you brief information which I experienced myself.

Those price tags are dynamically updated so the prices are always live on them.

Besides, I have even seen a smart digital price tag which shows EUR,GBP,CHF,USD, and BTC prices live according to the instant value changes.

What do you think about that? Can it be the medicine?

Regarding the advertisement issue, it may change to BTC or a mid-way currency which consists of both fiat and crypto-money. It will not be a problem for the advertisers. Am I wrong?

Thanks in advance

[cryptocasinoscc]

I guess it depends on quite a few things - adoption of crypto of course - but also globalisation of markets.
Locally I'd imagine that local fiat pricing will hold in supermarkets and corner shops.

But how about online? Do you think people in the EU hold the Euro dear to their heart ? The Euro is a new toy, replacing the old currency quickly and simply over a matter of years. Why not a world standard (whether it's crypto or some sort of IMF note)

When people like me shop online for tech gear, or clothes, or gold bullion or any international commodity, do you think that I care whether it's quoted in Euros, Pounds, Yen, or Dollars (Aust, Can, US of even NZ) ? I pay electronically whatever the currency.

And eventually this globalisation will move to upmarket stores in major cities and spread from there. It sounds unfeasible to you, but I walk through airports all the time where items are quoted in 3,4 or 5 currencies.

It may not be a crypto token - but homogenization of fiscal systems is surely a key part of any science fiction future - crypto or "credits" - what is the difference really?

I am with your comment wholeheartedly! It is a transition period. Things may completely change a few years later. If online shopping grows more and more each day, digital assets or money will eventually grow at the same speed I assume.

And I agree with you. there is not any difference between a fiat currency or any other technical term like BTC or any other.

This situation reminds me of the Resort Hotels' payment bracelets. You know how much credits you pay and the reciprocal of it in any currency.

What is the difference? Think the globe as a huge Resort Hotel and the people as the guests of this resort

Cheers

[cryptocasinoscc]

There is another strong point with the cryptocurrencies which is the isolation from the political effects and country dynamics as none of the cryptocurrencies depend on or belong to any country's central bank or financial ecosystem.

This is the main advantage of decentralisation.

Fund Giants like Soros or others may try to manipulate but it will not be easy without the weapon of political power!

[cryptocasinoscc]

There is one more reality which we should consider and discuss here guys which is the "New World Design" grand plan of the Globe's Board Member families!

They need:

* 1 Language
* 1 Currency
* 1 Religion
* 1 News Source
* 1 Food Source/Type
* 1 Education Source
* 1 Country (namely world)
* 1 Government system
* 1 Personality/Life-Style

to control the whole world from ONE source of command and outface the GOD!

Internet was the first milestone, digitalisation was the second, and now the Robotics/AI/AR/ML are the next milestones which will serve for their purpose!

There is the dilemma of using "decentralisation" tool for an ultimate "centralisation" aim for the globe...

Cryptocurrencies or blockchain system is just a playground or experimental field for them to test the water for further radical changes.

Last but not least, I strongly think that none of the above asterisk titles has been announced to any of us up to now.

Please, kindly think over this futuristic yet MONOPOLIST approach...

[Sherlock]

New plastic cards would be indeed awesome, but this is not gonna happen.
1. There is the strong oligopoly of MC/Visa/Amex etc who will defend their fiat industry
2. There is the natural network effect of cards; vicious circle: nobody has cards, so no merchants needs to get the machines and integration of something weird for 2 customers per year, so again- nobody gets the cards that can not use etc.

Without a major breakup of the economy and order it will not happen. After that: yes it is the future.

[Sherlock]

I see the points you mentioned and show respect to your thoughts but let me kindly ask you this quick question?

- What if both sides of the fight are controlled and manipulated by the same behind-the-scenes power? Then what will happen in the near future?

P.S.: Think over the Metallica's "Master of Puppets" album cover

Cheers

I do not know what you mean by "both sides of the fight". Only idiot fights against himself and he has no money, because he is an idiot. No one gains power or money by self-destruction.

If any fight is a real fight, then it is 2 or more sides against each other.

[cryptocasinoscc]

New plastic cards would be indeed awesome, but this is not gonna happen.
1. There is the strong oligopoly of MC/Visa/Amex etc who will defend their fiat industry
2. There is the natural network effect of cards; vicious circle: nobody has cards, so no merchants needs to get the machines and integration of something weird for 2 customers per year, so again- nobody gets the cards that can not use etc.

Without a major breakup of the economy and order it will not happen. After that: yes it is the future.

R1 - No need to defend. They will be the actors of the new game as a "game-changer". They will add cryptocurrency payment method to their existing currencies first then they will completely transform themselves to the cryptocurrencies.
R2 - No new machines have to be installed. Those machines consist of software inside as we all know. Updates would be enough to adopt those machines. And as you also know those companies continuously improving the machines and changing them time-to-time. So this will not be a great deal I suppose.

The whole transformation process from fiat currency to the cryptocurrencies is a great financial and economical breakthrough itself. Let's wait and see...

Cheers!

[cryptocasinoscc]

I do not know what you mean by "both sides of the fight". Only idiot fights against himself and he has no money, because he is an idiot. No one gains power or money by self-destruction.

If any fight is a real fight, then it is 2 or more sides against each other.

Let me summarize what I meant. Sorry for the confusion it caused. I meant that both the players and the game-makers (game-changers) are the same in terms of capital ownership. In other words, there will not be a fight but a transformation process if they decided to do so. It will not be a self-destruction but self-transformation.

Please also refer to my "new world design" post which I published yesterday... I have meant the "Board Members of the Global Economy" as the 2 sides of the same game.

Am I clearer now?

[Cash Bonus]

cryptocasinoscc, I agree with you when you say that "The whole transformation process from fiat currency to the cryptocurrencies is a great financial and economical breakthrough itself. Let's wait and see..."

Only time will tell.

[cryptocasinoscc]

cryptocasinoscc, I agree with you when you say that "The whole transformation process from fiat currency to the cryptocurrencies is a great financial and economical breakthrough itself. Let's wait and see..."

Only time will tell.

Thanks a lot for your support vtyunby65.

Exactly. Time is the best-ever produced medicine which we “patients” need!


Sent from my iPhone using Tapatalk Pro

[Sherlock]

R1 - No need to defend. They will be the actors of the new game as a "game-changer". They will add cryptocurrency payment method to their existing currencies first then they will completely transform themselves to the cryptocurrencies.
R2 - No new machines have to be installed. Those machines consist of software inside as we all know. Updates would be enough to adopt those machines. And as you also know those companies continuously improving the machines and changing them time-to-time. So this will not be a great deal I suppose.

The whole transformation process from fiat currency to the cryptocurrencies is a great financial and economical breakthrough itself. Let's wait and see...

Cheers!

You are very naive.

1. The game changing actors will have budgets in millions. Vs billions of MC/Visa. It is a common strategy. Without the kick of overall destruction of fiat, this has chance zero. I would like to be wrong, but..no.

2. Once the machines become available, then the battle starts. The cc companies will start giving them for free or even pay merchants to use their locked machines. Yes, I expect some anti-trust disputes, but this all is for ages. The only result will be dropping fees from cc transactions in mid term.

The gradual change is impossible without crisis. The fishes will not empty their pond. This is not just some technological innovation. This is about much more radical change of whole society. Look what is happening with shared economy. We are in the middle of backlash:

At Santiago airport:
2014: taking overpriced taxi downtown
2016: taking cheap Uber downtown
2018: trying to catch Uber, being told police that Uber is no longer there, I have to get on bus and go somewhere; after I walked one kilometer through some **** roads, almost killed by a truck, found scared Uber driver hiding and telling me a story how his car was seized

We will see the same barrier, do not worry. Uber will have to go decentralized as well. We are in the beginning of everything and it would take decades/generations if it has to go gradually. But the crisis will make things faster.

[DanHorvat]

Who are the game changing actors? Are there any? Let's forget about the clowns like Roger Ver and Calvin Ayre, they're simply sharks who know how to smell the money and profit by doing dishonest stuff like pumping the price.

The only person who owns something is the person who can pull the plug. No one can pull the plug on bitcoin, therefore no one controls it.

Companies that piggyback on bitcoin are just companies, even in case of Coinbase or Bitmain, they were there among the first and seized the opportunity. Another company can come in and do the same, as none of these actually control anything.

They only care about profit, and don't really have the means or the power to dictate anything worldwide (though Bitmain think they can hold everyone hostage). But there is no master plan for world domination and for changing the society. I wish there was a plan, but there isn't. Everyone is clueless. Things are happening and no one knows why, like we're all a bunch of idiots and life is bouncing us around, including those in power who are perhaps more clueless than us regular people. That drunk **** Juncker definitely doesn't know what he's doing. He's a much bigger liability to the fate of the world than Trump is.

To the best of my knowledge, no one really knows what bitcoin is or what it should be. There's only two ways to react by those in power: one is embracing crypto to advance a country, the other is trying to subdue crypto to traditional rules and regulations. I fear for bitcoin because of the second one, especially because of traitors like Bitstamp who intentionally regulated themselves in order to appear more honest to their clients.

We're still a long way off from the solution to this mess. As for myself, I'm keeping my fingers crossed that there will be a second coming of bitcoin (of the huge price rise, that is). I'd like to see a global system with instant and almost free transactions, and maybe we're moving towards that and maybe nothing can stop that. Visa, Mastercard and other companies are hanging on for dear life (HODL?) but they'll fall off eventually. Their product is obsolete and their fees are obscene.

P.S. Since some people are a bit incoherent when discussing bitcoin on this forum, I did a RouletteZeitung and took the liberty of letting my thoughts flow wherever they want.

[Sherlock]

I wish there was a plan, but there isn't. Everyone is clueless. Things are happening and no one knows why, like we're all a bunch of idiots and life is bouncing us around, including those in power who are perhaps more clueless than us regular people.

lol
it is not lol actually, it is crazy
it is the only concealed truth about our world

I do not think that with crypto is happening something weird. Yes, on paper I am losing the most money ever. Everybody is concerned about price. But that does not concern me. If bitcoin is really so great thing (yes no one can say it is or will be), how will the price develop? Long term, 4+ years of periods of halving, it should have rising trend. Anything in between is allowed and most likely it will not be some nice smooth chart.

[Kingsley88]

i don't see any big difference with or without using Cryptocurrency. Just like extra services for player

[pb.network]

Lots of gambling platforms use cryptos. However, i don't think it is going to fully replace the traditional gambling with real money. Actually these virtual currencies are not used for real payments, most of the people just buy them for trading and speculating with them. The people who use them for gambling just play annonimously an after winning some coins sell the crypto