Post
Topic
Board Gambling discussion
Re: Bitcoin Gambling is Exploding
by
smho_16
on 17/05/2016, 09:37:44 UTC
This is all about quantity and in the future there will be a massive adoption of the future and that makes it even more awesome for the bitcoins and gambling sites.
You are only partially right about quantity. Because from what I know it is extremaly easy to create and operate bitcoin gambling site (at least compared to standard FIAT based gambling services)
That is the reason we have so many cryptocurrency casinos around. But in the end people will pick their top services and there will be only few really good casinos left.

It seems easy but there is also a lot of cases whereby even bitcoin top platform exchange also got hacked and are in serious trouble.
In most cases hackers just capitalize on lack of imagination and human error of operators.
Most of these attacks could have been reverted if owners weren't so stingy about providing additional money for security, backup, cold wallets.

And some of these 'attacks' were even fake - and covered exit scams of untrustworthy businesses.

Usually not some but all of the attacks so far have been proven fake and are only exit scams maybe not of the businesses themselves but of an individual who worked or was working for them. Its good so far no large casino have not made any of this excuses to get players fund, but if it does so, then the profit would be smaller than of that of a lot of gamblers playing there, thats why so far we have not seen anything like this happen to approved large casinos in bitcoin.
Absolutely, why would a gambling sites operate if it is prone to hacking or they don't have a system to contradict hackers. It requires a lot of money in gambling so the owner would do anything to protect their investment. Don't believe in that kind of shit cause that site would just scam you sooner or later.

Still we have seen banking systems gets hacked, so if the hacker or hackers are really good they can even hack a bitcoin casino and I think in the future this will be their target cause they know they can get quite a lot of bitcoins , its a good thing the majority of casinos store their bitcoins in cold wallets, but still hot wallets have big amount of coins also. I would be not so sure regarding an individual who is working in this company , if he has access to some sensitive areas of the website and if he has good friends with a lot of hacking capabilities it can be even an inside job.