I did some research on how Bitcoin was used in its early days, and it shows that between 2012 and 2014, around 25% to 50% of all blockchain transactions were linked to gambling. Dice games were the most popular at that time, and everything was in Bitcoin because Ethereum only launched in 2015, and casinos or sportsbooks hadn’t started accepting ETH yet.

I think we can all agree that Bitcoin’s success comes down to adoption, and when people started gambling with Bitcoin, that was adoption in action. So, in a way, we should be proud that we’re part of the reason Bitcoin grew into what it is today.

Here’s a tweet I found about the massive Bitcoin volume on SatoshiDice back in 2012.

https://x.com/ErikVoorhees/status/226436118088933376