Post
Topic
Board Speculation (Altcoins)
Re: Casino / Betting coins - collection & speculation thread
by
ArminH
on 13/11/2017, 21:47:19 UTC
In regards to FunFair in particular and the games it is offering such as a slots, craps, black jack, roulette, etc. Those are all games that currently aren't the main attraction to current online gambling sites not using blockchain. The big attractions are poker and sports gambling, the people are drawn to the sites to play those games, and the video based games like slots and dice are just something they shortly play as a side event. I feel FunFair having a transparent code does address the big criticism that the non blockchain based sites video based games are "rigged". There has been a growth in sites using real dealers in black jack with a live feed of video to address the issue of gamblers thinking it is "rigged". The people that play slots and electronic games generally aren't the most sophisticated group of people, it's going to be hard to sell them on the idea that the transparent code enables fair game play.  The knowledge of crypto by the everyday public will have to grow a ton for FunFair to really take off.
May I conclude this saying:
'Cons: Needs broader crypto adoption for substantial growth' ?

And don't you think this is an issue all the projects must face?

Yes, all projects face that. Think of the type of people that play slot machines and video gaming though. They generally aren't a well educated group of people. I don't know if you have been to many casinos (there's a ton where I live), but next time you are at one go look at all the slot machine players and ask yourself "does this person seem like they have the intellect to comprehend the security blockchain provides?". As far as gambling based cryto platforms, Viabet's P2P sports gambling has the chance to gain users a lot quicker. People in places where online gambling is illegal that use online sportsbooks are already much more familiar with crpto than say your average slot machine player at a casino.
Good point, I will add tomorrow!