Hive Casino

in LeoFinance11 months ago

Get rich quick is something we all want and there are people who believe casinos are the place where to achieve that. It's working like a magnet, attracting millions every year. It's kind of like cryptocurrencies, you invest hoping to earn more, then you either win or lose, depending on the game you play.

Gaming is very popular and a profitable business. It's addictive, therefore there's no risk of going out of fashion. Casinos can attract millions every year and give people the hope of winning, while quite many are ruining their own and their family members life losing everything they have and sometimes even more.

Las Vegas is a famous destination. Millions of dollars are played there every year at roulette tables, slot machines, blackjack and God knows what other games they are offering visitors.

Online gaming is also very popular, e-gaming is considered now a sport (esport). The first eGames showcase event took place during the 2016 Summer Olympics in Rio de Janeiro, Brazil at the British House in Parque Lage, Jardim Botânico on 15–16 August.

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Gaming On Hive Blockchain

It was no question that games are going to show up on the blockchain, therefore we have a few on Hive already. When I say few, I mean just a handful and there's plenty of room for more.

I've been waiting for gaming to develop faster and it looks like I have to wait more, maybe a year or two in order to get some more games, definitely different from what we have now. We're going to get there as Hive is less than one year old and development is just at the beginning. This is kind of a must to be honest, if we want to onboard more users. Gaming and earning, this is a great combination that can attract many users.

Blockchain Based Casinos

Let's see what can a blockchain based casino can offer players.

Privacy can be preserved as bets and winning withdrawals can be made in cryptocurrency. This is very important for many players. No one likes others to know how much they lose of win if the amount is substantial. Playing under a username is comfortable.

Decentralized is another advantage that other, usual casinos don't have. Greenlighting, verifying and processing transactions is not in the hand of a single entity anymore.

Transparency is the other very important keyword here. The blockchain systems make sure that the code underpinning casino games is as it should be. Most of the apps are open source, so the code can be verified easily.

Immutability is next. All the transaction are stored on the blockchain so it can't be altered, deleted or tampered with. The distributed ledger technology is immutable and keeps data and records safe and secure.

None of these can be guaranteed in a live casino. You have no privacy as everyone can see you and what you do. You can be banned from entering a casino if they think you did something wrong and there's little you can do about it. Games can be rigged and again, there's little you can do about it.

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Gambling On Hive

According to State of the Dapps, there's one single random games platform on Hive, called Hive Slot Games.

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I'll be honest with you, I've never heard of it, but then again, I'm not a gamer or gambler, so it may very well flourish on Hive without me knowing it. But is it the case?

The author is HSG.com, the dapp was submitted on August 3rd, 2020 and last updated one month later. The platform can be reached and look functional. It has Hivesigner and Keychain login option with makes it more trustworthy. Unfortunately I can't tell you more about it as I haven't tried it out.

If you chose any other know platform, you can see how many dapps they have. Bitcoin casinos are again endless in number, you just have to run a search and get flooded with offers.

I still believe gaming alone can double the number of active users on Hive, not to mention the financial advantage it can bring. But for that to happen, we need new games, a diversified game offer asap.

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Personally I like gambling. However, I'd like to see a good sports betting platform. I'm not the type for cards and slots. But, if I had a good sports betting platform like Tron's Wink, I'd throw a lot of $$ into it. WINK is the only reason I ever buy any TRX and I hatemyself for it. :P But, I've yet to find a better blockchain betting app.

I do agree though, I think gambling would entice quite a bit of people.

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There was a sport betting app on Sportstalk once but better not talk about it. I believe in time we're going to get there as we have a lot of potential.
Maybe @cryptoandcoffee can tell you more as he's involved in the sports community.

!ENGAGE 20

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I got rekt by one of the dice games that still exist on this blockchain today. Haven't learned my lesson yet so I lost more tokens XD

I'd still gamble for the thrill but not really looking at the games as a get rich quick scheme. I like the part where there is transparency in the transactions recorded on the blockchain. It keeps the paranoia away like you're being cheated by the system.

I think casino dapps are inevitable and I'll be more surprised if these don't prosper once we get more people onboard. This blockchain has monetary rewards as part of the main incentives so it's more weird to think gambling won't be a norm in the future.

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I remember that dice game and the problem they caused back then but didn't want to mention it in the post as I didn't recall the details exactly.

I'm not a gambler but I know many would use such dapps. And as you say, casino dapps are inevitable.

!ENGAGE 20

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If you were thinking about magicdice, that's the one. They just shutdown operations and took the money without notice and in a flash.

Same games are hosted by epicdice and kryptogames based on Hive and Steem. Still functional but low traffic.

Thank you :D

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Yes, I was referring to magicdice. I remember many were upset. I didn't play any, so no loss on my behalf 🙂

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Yeah it was partly because some really rolled hard for that game and had major losses. The only consolation to look forward to was earning dividends from tokens gained from playing but even that went poof as soon as magicdice bailed out without a word. It sucks though, they had good business running and was earning a lot.

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i earned around 4.5 hive from them on a random giveaway. I took the 3.5 on my wallet and played with the remaining 1. obviously i lost it :P

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You mean magic dice? You're lucky as you didn't lose much.

!ENGAGE 20

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