I Think Everyone Wins

I never understood the attractiveness of slot machines. The most boring, money-sucking vampires I've ever seen. I haven't spent a single dollar on a slot machine ... ever. And yet, every time I walk into a casino, I realize they are by far the most popular and profitable attraction.

At least when they had a handle on their side that you could pull: it felt like you were doing something. Now you just press a button and it takes your money. It's a lot of fun! I seriously don't understand.

At least a game like Craps makes sense. This is a social game. You will roll the dice. There are dozens of different bets you can make (including the total troll bet "pass"). Even roulette makes sense because it's super simple and your chances of winning in red / black are almost 50%. By the way, in a slot machine, your odds are what they pick them.

I also have the skills to be a poker pro. In the old days before the Americans were banned from Full Tilt (Black Friday), I could easily play the $ 1 No-Limit game on four tables at once, earning $ 5 an hour at each table.

Yes, it's only $ 20 an hour, but this fee was definitely better than my other options. One of the biggest problems I had when trying to grow my poker operation was keeping playing and having a hard time dealing with the unlucky streak. The prospect of losing hundreds of dollars after an eight-hour day of work was terrible, and I did not have enough money to fully trust my abilities.

The equivalent crypto will be HODLing during crashes. This is something most of my readers will identify with. Let me tell you: It is much easier for HODL during a crypto crash than to lose huge pots of poker with great hands and keep playing well. When you do HODL, there is no thought involved: so it's this easy and it's such a good strategy.

In fact, walking around is such a good strategy that it's obvious: crypto is a casino where everyone wins. The first of its kind. It is a miracle in many ways (especially the POW consensus that converts physical energy into digital gold).

Never before has such an amazing gambling asset been so profitable for so many citizens. When there is no home to exploit us, the strategy becomes simpler: just hold on; you are home This is an automatic victory that requires zero skill: unlike any other professional gambling establishment in existence, where only 1% -10% of players will earn money on average.

Crypto is not only one of the best gambling of all time, it will also revolutionize all the other forms of gambling in existence. I have already detailed one of the projects in my mind: Marbles on Stream

Marbles on Stream is an excellent gambling game that can be paired with Bitcoin. It requires zero skill and is 100% gambling. However, there is currently no real gamble as it is a Twitch game. Can you imagine people making thousands of dollars on something that thinks like that? Immediate widespread adoption.

If I'm being honest, I'm almost scared of developing such products on Hive this early in the game. Imagine every gambling establishment on our network is starting to eat their lunch. Imagine lotteries being hijacked and all the money flowing from the state to the cryptocurrency. Imagine the emergence of decentralized poker games with zero commissions that are ten times easier to make money on average and are nearly impossible to regulate.

Given this future, our network would almost certainly be subject to extreme scrutiny by regulators, and if I'm honest I don't think the Hive is strong enough to risk his life with this gamble (yet). It might be better to adopt a wait-and-see attitude and let other networks come under fire first.

Regardless, the possibility of a decentralized Texas Holdem game linked to crypto cannot be overstated. Texas Holdem is like Chess. Would you pay any money to play chess? NO! OF COURSE NOT! So why would anyone pay to play poker? Same concept.

The only thing different about poker is that chess has no money at all. Regulators see thousands of dollars changing hands and go crazy and impose their ruthless will. Providing centralized poker services then becomes too risky and operators of these sites have to charge obscene fees to make it worth it.

When you go to a brick and mortar card room these days, you can pay up to $ 5 per hand. Each hand that wins a pot pays $ 5 to the card room. Think about this for a second: after 100 hands, $ 500 will disappear from the table. This number becomes obscene over time and makes it impossible for you to win unless you play medium to high stakes games. In Vegas (which hasn't happened in 10 years) they can give you 10% off up to a $ 3 limit. This is the absolute best case scenario for a physical cardroom.

By the way, in online poker, when I last checked out, they still charge up to a $ 3 limit with 5% commission. However, online games come with their own pros and cons. You can play more tables, but playing more tables can be distracting and cause you to play badly. Also, you may be playing against bots that are much more difficult than the average player. Also, anyone worth their salt uses a database to analyze game patterns, and you can even pay 3rd party sites for this information because bots record every hand and every player.

There is also a matter of cheating. Many online players claim cheating, and some of these claims are actually plausible. One person did a study against AK with AQ on a particular site and AQ earned so much that it was statistically impossible for this to happen without the game being rigged or distracted.

With crypto, all these problems are thrown straight out of the window. It is impossible to edit games. Competition reduces commission to zero. Zero commission makes it even more difficult to regulate because if no central authority is making a profit as it is legally not even gambling by definition. Instead, these will be digital "home games" that are 100% legal without commission.

Reputation is built on this. Imagine this service on Hive. You don't play against random bots: you always play against people you know and interact with. Random accounts are excluded from special tables.

More importantly: cheating is impossible.

Literally impossible. Previously we had to rely on the card room to provide random data to scramble the deck, with crypto everyone is providing a part of the algorithm in a decentralized way. The only way to cheat is to break each player's private key used for RNG (it won't).

This is something that many in the crypto world don't yet appreciate: cheating and fraud IS IMPOSSIBLE. When applied to a competitive gambling game like Texas Holdem, this is absolutely insane. As soon as these issues are resolved and decentralized home games start over, there will be a huge resurgence due to all these factors.

At least

I fully believe that I can earn at least $ 100 / hour by gambling average on the blockchain in less than 10 years. Hell, I'm already doing several times more than that farming CUB in addition to my blogging / curating awards. It's already a done deal.

Random numbers that cannot be attacked will carry each game experience into the future. This problem is resolved very slowly, but as soon as a single development team finds a good solution, this solution will be replicated and modernized thousands of times.

Result

You cannot see the forests from the trees. While everyone complains and complains that Tesla is selling 10% of the bitcoin stack, all I can think of is how lucky we are to be here this early. Crypto is the ultimate casino: And we are all guaranteed winners.

100% of all users who bought BTC before 2021 are extremely green, but all they can say is moar moar moar. Greed is eternal and it is embarrassing to be sure. But that's why we had to build these systems in the first place, so I'm guessing it makes sense. Go ahead and be strong.