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Casino Dapps

  • 02-01-2019 4:14pm
    #1
    Tango One
    Registered Users, Registered Users 2 Posts: 833 ✭✭✭


    Has anyone looked at the casino dapps. Particular on eos. Really interesting use case with alot of practical use. It's still the early days, but I think they could be the future of online gambling.

    The guts of it is you get casino tokens for gambling on the site. You can then stake the token to receive a share of the sites profits.

    It's not without its problem and the house will always win in the end, but casino are big business and it could be a big growth area in the future.


Comments

  • #2
    JessicaBosworth
    Registered Users, Registered Users 2 Posts: 5 ✭JessicaBosworth


    Yes, I saw it, it's interesting.



  • #3
    Potatoeman
    Registered Users, Registered Users 2 Posts: 4,474 ✭✭✭Potatoeman


    It an oversaturated market. There are a couple of NFT ones and more in the making from established NFT projects. There seems to be a lot of scams in the space too.

    I'd also consider the legal implications of it. You usually only get one winner with these projects too.



  • #4
    johnbeer
    Registered Users, Registered Users 2 Posts: 1 ✭johnbeer


    I don't think that investing market is prepared for NFT investments because today is no proper legislation on NFTs in most countries, and most of the propositions are scams.



  • #5
    Annothe
    Registered Users, Registered Users 2 Posts: 10 ✭Annothe


     It's definitely an interesting and innovative use case for blockchain technology. I haven't personally looked into them in detail, but I'm intrigued by the idea of using tokens for gambling and staking them to share in the profits.



  • #6
    Reare196
    Registered Users, Registered Users 2 Posts: 5 ✭Reare196


    Yes, I have looked into casino dapps on EOS and other blockchains. I agree that they have a lot of potential to revolutionize the online gambling industry. Here are some of the benefits of casino dapps:

    • Transparency: Casino dapps are built on blockchain technology, which means that all transactions are recorded on a public ledger. This makes it impossible for casinos to cheat players or manipulate the games.
    • Fairness: Casino dapps use provably fair algorithms to ensure that all games are fair. This means that players can be confident that they are not being cheated.
    • Security: Casino dapps are built on secure blockchain platforms, which makes them very resistant to hacking and fraud.
    • Anonymity: Casino dapps typically allow players to gamble anonymously, which can be appealing to some players.
    • Global reach: Casino dapps are accessible to anyone with an internet connection, which means that they can reach a global audience.

    Of course, there are also some challenges associated with casino dapps. One challenge is that the regulatory landscape for online gambling is still evolving, and it is not clear how casino dapps will be regulated in the future. Another challenge is that casino dapps may not be as user-friendly as traditional online casinos.

    Overall, I believe that casino dapps have the potential to become a major force in the online gambling industry. They offer a number of advantages over traditional online casinos, and I believe that they will continue to grow in popularity as more people become aware of them.



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