Quote from: defaultking on November 17, 2015, 11:15:28 PM

Quote from: RealBitcoin on November 04, 2015, 04:25:16 AM

Quote from: notlist3d on November 04, 2015, 04:10:52 AM

This article shows why I personally would not be investing in a casino - http://www.coindesk.com/bitcoin-poker-site-operator-to-pay-25000-fine/

Just dodging regulation to run the site if done wrong you get in big trouble. It's not a small deal operating a casino if you are operating in a place with laws. Most try to go to places to dodge these laws on hosting.

Satoshidice doesnt allow US based gamblers, and to my knowledge there arent any strict gambling laws elsewhere, especially not where I live.

But that article you put out just proves the opposite. That guy got fined because the big oligarch casinos dont like competition and they used regulation to kick them out.

So with your example you just proved how corrupt regulation is and how evil political tool can it be ( ban of BTC in Taiwan rings a bell?)

You have to understand this

regulation =/= bigger transparency

regulation = controlled by corrupt entities

This is the reason I think bitcoin will struggle the most in developed nations. Not to get off topic though this is 100% true. Las Vegas Companies are the ones that fight these things the hardest because they're usually the ones with the most to loose. Bitcoin gambling sites aren't the first ones to have to deal with this.

I don't think bitcoin will struggle as far as value just because of gambling. As far as the big casinos they actually are amazing they not only have Vegas/Reno some are going to indian reservations and starting casinos with some big names behind it. There are lots of "legit" gambling if that is your thing.

I think bitcoin is more of a currency... so I think it's not going to be effected unless BTC was regulated due to gaming. As of now it's just the gaming site/operater who is being regulated. And really blocking US IP's is not going to stop the true gamblers on btc.