The internet world is developing its own digital money independent of government bodies control and regulation. Now question is will this affect gaming and betting fields too ?
Bitcoin is growing fast and isn’t going away. Microsoft now accepts bitcoin deposits. Apple released its first bitcoin-established game for iPad and iPhone that could lead to bitcoin rewards for players. Together with the big lads in on the action, the crypto-currency is more real than ever before.
According to Alasdair Rambaud of CardinalCommerce, ‘everyone believes bitcoin is the money of offenders.” That notion is fading. Bitcoin, like any currency, only has value if individuals will trade something for it. The number of merchants and consumers accepting it’s on the rise.
Video game developers making big gains globally are sharing a portion with all the gamers. This can be spurring an extreme desire for players to shine. It’s no more about simply having fun. This is a job.
How can bitcoins affect this? With worldwide acceptance and low transaction fees, games can certainly reward the players. Why play for free when you can play a game that pays back?
Microsoft is now in position to offer bitcoin benefits to Call of Duty competitions. Adversaries can place money in the pot with the winner taking all, minus a little rake for Microsoft crowdfunding .
Many bitcoin arcade games cost a little bit to play with all the promise of a potential large payout. Handheld games are ready to be the next scratch ticket. When you are bored, catch your apparatus and take your chances at turning a Satoshi into some real money.At least half of the bitcoin trades happen on gambling sites.
Is betting with bitcoin, rather than national money, truly betting? Is bitcoin a currency or a commodity? Perhaps the act of playing with bitcoin is no offense until one attempts to convert it into dollars, euros or something different.
Meanwhile, bitcoin gambling keeps growing. Little trade fees and low overhead are an advantage for the websites, but the irreversible nature of a bitcoin trade is a true blessing for them. Currency rapidly changes hands also it is done. No risk for the operators.
Gaming sites could be wise to remain straightforward and function completely in bitcoin. The United States government took action against poker sites by freezing accounts and halting trades. With no bank and no regulation, this can be hopeless with bitcoin gaming. Crypto currency means safety for the operators, but gives even greater advantages to the players.
Bitcoin trades are anonymous and yet see-through. Plus, bitcoin websites usually give you a lower house cut. Opportunities are better for the player to win. Bettors also receive their winnings promptly.
It was just an issue of time before that area got its own type of money.
People might keep playing games of all kinds and they’ll play together across national lines. Bitcoin will connect them. Betting will leap from casinos and poker to phones and flying monkeys. Cash as well as the concept behind it will transcend banks and regulation.