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Of course, all of this will need to be regulated and eventually operated in a compliant framework with much more adoption, and I have already covered how this is gathering pace and we, India, are getting left behind in my earlier article.
In the standard game, you would win if the number drawn was less than the number you selected in advance. Now there are opposing versions, where you win if the number is greater than the one you picked, and there are versions with a combination of both, which offer even better odds of winning. Some developers have reworked the original Bitcoin dice concept a bit, adding interesting options to customize the outcome.
Bottom line: If you were not investing in bitcoin because you don't think it will ever replace existing fiat currencies, then please be aware that the alternate utility of a store of value could yet result in bitcoin's price increasing at a faster pace than most (all?) traditional assets.
Similar to gold, bitcoin has fixed limited supply, and this is crucial as bitcoin's supply cannot be unilaterally changed by any central bank. If a recession occurs tomorrow (many analysts are calling global recession in the next 12-18 months) then it is likely most central banks will print even more fiat money to try and increase lending and growth, thereby reducing the currency's value in an over-supplied environment. A store of value with fixed limited supply will most likely gain in such a scenario as people flock to such assets thereby increasing demand, and simultaneous weakening of the fiat currency in which they are priced.
The first request can be processed longer. Less promoted resources pay out winnings up to 3-5 days. In popular online casinos you can get the money within 5 minutes to 24 hours after ordering. The bets of unverified players are checked more thoroughly for fraudulent actions. In this regard, it is more advantageous to pass the identity check as soon as possible.
All online casinos require some form of accreditation and license. Some jurisdictions are far less fussy about who operates from their country, or how they operate. However, there are different ways to go about acquiring this license.
Bitcoin came into existence in 2009, as a brain child of a person or group of persons under the pseudonym of Satoshi Nakamoto. That was the perceived original vision for bitcoin. For example, if I buy wine from Chile, I effectively instruct my Indian bank to pay the retailer's Chilean bank. Imagine if you could make this transfer almost instantly and by paying no fees to banks and other intermediaries, effectively disintermediating them and the associated central banks? The original premise of bitcoin was to become a peer-to-peer electronic cash that could disrupt some existing fiat currencies. This involves paying fees to both banks, correspondent banks etc., and btc facing an FX (foreign exchange) rate that is likely to be exorbitant, and an entire transaction that takes at least a few working days to process.
However, nothing has been proved on the matter, and it’s highly unlikely that this is the case. Card games are accused more often of fixing things to make sure of big profits for the casino. Sometimes players have demonstrated annoyance in the fact that during a game of poker, strange odds have been given to inexperienced players.
Gold has been widely accepted as a store of value and it proved itself during and after the 2008 financial crisis when it went up by over 200 percent while most equity, fixed income, currency, commodity and real estate markets simultaneously collapsed. While we have seen adoption and velocity of bitcoin and other cryptocurrencies steadily increasing (from a small base), the asset has also found itself being regarded as a potential long term store of value. A store of value implies an asset that at least retains its value (and therefore your investment) especially in recessionary markets.