Which crypto-currency do you use for online gambling?

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Nov 23, 2016.

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  1. Humble Servant

    Humble Servant Active Member Staff Member

    While bitcoin is undoubtably the big daddy of crypto-currencies, it's not the only crypto coin. At the time of writing BTC accounts for approximately 85% of the total market cap of all crypto-currencies. That means there's over a billion dollars floating around in coins like Litecoin, Monero, Dash, Dogecoin and Ethereum.

    Since there is literally hundreds of millions of dollars worth of alt-coins in circulation, I'm wondering if anyone out there uses them for sports betting, playing poker or gambling at an online casino?
     
  2. Header

    Header Member

    I only use bitcoin for online gambling. I bought some Monero but then I decided that it was better to hodl it rather than spend it on Alpa Bay or at a casino.
     
  3. Humble Servant

    Humble Servant Active Member Staff Member

    It's worth nothing that BetOnline now accept Litecoin in addition to bitcoin. While Litecoin is harder to buy, it does process transactions faster and with cheaper fees.
     
  4. uglymug

    uglymug Member

    I don't like to see crypto's like Ethereum and Litecoin start to erode bitcoins advantage. I really hope Core devs can agree on a scaling solution soon.
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    The recent closure of DirectBet is bad news for crypto currency gamblers because in addition to BTC, they also accepted Ether, Dash, Dogecoin and Litecoin.
     
  6. Dara

    Dara Member

    Will any of you guys be using Bitcoin Cash (Bcash) as your primary gambling crypotocurrency?
     
  7. EthHead

    EthHead Member

    I tried to use it but a lot of the time it takes 6 hours for a block to be mined and then we go though phases where it only takes 2 or 3 minutes for a block to be mined. Bcash is just too unreliable. If I need to use a different cryptocurrency, I use Litecoin.
     
  8. Humble Servant

    Humble Servant Active Member Staff Member

  9. during the segwit2x hardfork i'll probably switch to litecoin because the bitcoin chain might be unusable for a few days if miners play games.
     
  10. Toast

    Toast Member

    Bitcoin fees are super cheap right now and most transactions confirm in the next block so there is no point in using any other cryptocurrency.

     
  11. Leif Staff

    Leif Staff New Member

    Bitcoin for me right now, will maybe try other coins sometime
     
  12. Wonka

    Wonka Member

    Those of you that use Bitcoin Cash, what are you using now that it has split into BTCABC and BTCSV? Are you confident enough to move your coins right now seeing as there is no replay protection.
     
  13. Lance

    Lance Member

    It must be a bloody nightmare for bookmakers like CloudBet who started to accept Bitcoin Cash. They probably have customers depositing their Satoshi Vision coins now to the wrong address. What a nightmare. Nitrogen Sports were right not to add Bitcoin Cash, it causes more headaches than it is worth.
     
  14. Spud

    Spud Member

    Bitcoin transaction fees are on the rise again so I wouldn't be surprised if we start to see more online gamblers using alt-coins like Litecoin over the next couple of years.

    I think long term, most gamblers will simply use the Lightning Networks because transactions are free and fast.
     

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