But as good as these new developments may sound, we have already started witnessing its side effects around increasing financial loss among the young ones since the process has been made easier than ever, growimg number of young gamblers becoming more attached and more addicted to gambling as they could do everything at home and more importantly making it more difficult for proper regulations among government institutions.
This is not about bitcoin gambling and loses but the effect of gambling itself because gamblers also lose when they gamble with fiat or offline shop. Gambling seem to be part of the easiest things people lay hands of with the wrong idealogy of making quick money. It is selling and that is why many casinos are opening up. However, it is important that casinos try to regulate the age of status of their players so that they don't encourage underage gambling because the younger generation are quite internet savvy
The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?
It is not a trap neither is it an opportunity rather it is for the gamblers to be wise as to make a decision to gamble responsibly. Every gambling outfit is there to make profit because they are taxed and other expenses they undergo running their business, so they must have to make profit. It is for the gambler to take a reasonable risk and understand that whichever outcome, the casino owner won't lose and taking higher risk is to the detriment of the gambler if he loses which is never the concern of the casino owner.
It is not