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Can there be a currency dedicated to purely gambling?


iamsheikhadil

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Posted

Was just thinking if it's possible for a currency that emerges as the gambling currency.

All casinos (or most of them) can collaborate and create it and distribute according to stakes.

And it maybe bought and sold at markets too.

Will be a sure profit for the casinos as the prices will surely sky rocket as the demand increases.

It can be made in a way to use least fees and fastest transaction ;)

Posted

it's true, the big profit for the casino if the price skyrocketed ... but if the price dropped to its lowest point ... the casino can also suffer fatal losses ... isn't that balanced .. ??

Posted

Well at the moment Bitcoin is basically the ideal cryptocurrency for the purpose of crypto-gambling over the years nearing a whole decade now. I doubt that anything would be able to entirely replace Bitcoin anytime soon.

Posted
On 9/23/2019 at 1:28 PM, Etude said:

Well at the moment Bitcoin is basically the ideal cryptocurrency for the purpose of crypto-gambling over the years nearing a whole decade now. I doubt that anything would be able to entirely replace Bitcoin anytime soon.

from some opinion polls, it seems like no one will replace bitcoin in the future ... although in terms of value many say it will decrease, ...

Posted

I mean if you want it to be a gambling one then you have to make a very good price and not one like heckin doge or xrp which are pretty much useless imo, so yeah.

Posted
23 hours ago, SLFJ said:

I mean if you want it to be a gambling one then you have to make a very good price and not one like heckin doge or xrp which are pretty much useless imo, so yeah.

if that's the case ... what do you think is the good price ... ?? I want to know..
even so, doge and xrp are likely to skyrocket monthly with an unexpected value increase ...
just my prediction

Posted
Just now, zulfandina said:

if that's the case ... what do you think is the good price ... ?? I want to know..
even so, doge and xrp are likely to skyrocket monthly with an unexpected value increase ...
just my prediction

I mean, the price has to be not like doge and xrp, but not like btc, something in the middle.

  • 1 month later...
Posted

I mostly like to play dogecoin currency for playing gambling when I buy Btc then I exchange this to dogecoin then I play gambling because I think I set my goal easily with this currency

Posted
10 hours ago, Ali saher said:

I mostly like to play dogecoin currency for playing gambling when I buy Btc then I exchange this to dogecoin then I play gambling because I think I set my goal easily with this currency

Same thing with you, dogecoin is too much fun to play in a bet, and most important is its value is quite stable. I think a lot of gamblers out there who like this one coin

Posted

I think it is interesting and will definitely brighten the city, but if it happens otherwise the city will suffer a big loss and I think that's what makes it difficult to realize.

Posted
On 9/23/2019 at 9:28 AM, Etude said:

Well at the moment Bitcoin is basically the ideal cryptocurrency for the purpose of crypto-gambling over the years nearing a whole decade now. I doubt that anything would be able to entirely replace Bitcoin anytime soon.

yeah it is ideal coin for gambling but its used more for trading 
but still a big amount of bitcoins is being gambled everyday 
and yeah if bitcoin dosnt crash or something i dont think it ll ever be replaced 
cuz bitcoin is like the king of it atm xD 
u can trade it everywhere u can sell it rly ez and all so why would someone use gambling coin which he have to get with bitcoin to cashout and exchange to bitcoin to get money 
when we could just gamble bitcoin ?  does it make any sense looool :D haha  

Posted

Dogecoin essentially is - unless you can name something else you can actually purchase with it. Low fee, plentiful and almost every crypto casino accepts it. They’re essentially cryptogambling tokens.

Posted

People don't like to play with same coin always. And why we need another new coin only for gambling use! There are a lot of popular crypto around. And most of the cryoto casino support btc. So btc is the main coin we can see in gambling. Latet we can see eth ltc bch doge at most of the site. 

  • 2 weeks later...
Posted

anything can happen and anything is possible, but everyone is different in using crypto currencies. and in my opinion btc will still be the first choice. and the casino will do anything to make a profit

Posted
On 9/23/2019 at 1:21 AM, iamsheikhadil said:

Was just thinking if it's possible for a currency that emerges as the gambling currency.

All casinos (or most of them) can collaborate and create it and distribute according to stakes.

And it maybe bought and sold at markets too.

Will be a sure profit for the casinos as the prices will surely sky rocket as the demand increases.

It can be made in a way to use least fees and fastest transaction ;)

thats a good idea but the reason why theres non because every currency can be use on gambling, even assets can bet on gambling , way back on the day that theres no money yet, people only trade foods and good called barter, there are some who are betting there goods and thats a form of gambling too.

  • 1 month later...
Posted

Hello my friend


I think it would be a very good idea, to integrate an independent coin a stake only with which we could play on the site and thus exchange it at the end against other currency with a minimum exchange fee , but would that be possible?

Good day and good luck to all the friends.

Posted

Casinos tend to use their own tokens atleast the ones in real life. Solely created so to use on their machines and on their tables.

Several other online casinos have done the same so we might see stake taking the same route or just see if it will work at first.

Posted

There are many coins trying to achieve that, such as Edgeless.io, CasinoCoin... but none of them are big enough to assume general use amongst players.

I doubt it'll ever happen though, as it is so difficult to imagine a real-life situation whereby this will ever be reality. 😂

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