Post
Topic
Board Gambling discussion
Re: Do you prefer the crypto online gambling or regular fiat casinos gambling?
by
wxa7115
on 14/05/2024, 02:54:15 UTC
But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?
I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

The only reason I do not like gambling on fiat gambling sites again is because on the international gambling sites that I was using, only wire transfer can be used to withdraw by people in my country, it takes days or weeks before the money will be credited into my account, unlike crypto gambling sites that takes just few minutes to withdraw coins.
I suppose that what they mean is that if you exchange your fiat for shitcoins and you gamble, even if you won there is no way to know if you actually won something as the shitcoin could collapse anyway, or at least that is what I understood about it.

Now about gambling with fiat or bitcoin, I prefer the latter and this is because even if I do not hide the fact I gamble, I prefer to maintain at least some level of privacy while doing it, as I dislike any traces of my gambling activity on my bank statements, and only cryptocurrency casinos allow me to gamble in the way I want.