Quote from: smooth on September 06, 2017, 11:09:44 PM

Quote from: profitgenerator212 on September 06, 2017, 08:52:07 AM

Once you get some kind of Steem based gambling website, you bet that will help.

There are already several Steem-based gambling websites (or games built on Steem/Steemit itself). How will this change with more websites? How does Steem-based gambling add value relative to other crypto gambling, especially BTC (and maybe ETH) with far more liquidity, recognition and user base

Gambling in crypto is like a huge vacuum cleaner that sucks in value into that currency.

The house always wins, and gambling websites have little costs compared to how much money they hold and bring in.

The only real expense for a gambling site is if it gets hacked or if it's an inside job and the owner disappears with the funds.

But if this doesn't happen, and it shouldn't as people demand now more transparency. Then a gambling environment for Steem would mean that the value that is brough in would offset the inflation rate.

So Steem would become from an inflationary to a deflationary currency.