Gambling for money contradicts the very idea of money

[internetional]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.

In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

It would be much better to play for something else. For example, for points.

Cryptocurrency actually fits this quite well too. Especially coins that are given away in airdrops, or those that are easy to mine. Or, really, any coin that only pretends to have value.

So overall, it seems quite logical to me that the most popular board on Bitcointalk right now is the "gambling" section. The most obvious use case for cryptocurrency, wouldn't you agree?

[teddybear]

It would be much better to play for something else. For example, for points.

How would points be any different, if in the end, it'll be converted into crypto or money? It'd basically be the same thing with extra steps. Also, some may argue gambling isn't just money obtained from nothing. It can be seen as a use of skill and observation that's being displayed to earn some money, while risking losing our money in the process.
In a sense, Gamblers have created their own value exchange system/marketplace where risk is the commodity.

[Floxynice]

Gambling is another form of exchange.  When a gambler gambles, he pays for the fun, excitement and even the reward he stands to get for taking a risk. This kind of exchange may not sit well with you but the gambler ls  already aware and he signed up for it. All gamblers voluntarily agreed to risk their valuable just to get the experience that might end up rewarding them, this does not place gambling and robbery or theft in thesame category where the later is done with force.

[OgNasty]

The casino is providing value in the form of entertainment. That is what is being paid for.

As for gambling being the best use of crypto… That’s more a sad result of this community and the lack of supporting talent here than anything else.

[leonair]

Gambling is another form of exchange.  When a gambler gambles, he pays for the fun, excitement and even the reward he stands to get for taking a risk. This kind of exchange may not sit well with you but the gambler ls  already aware and he signed up for it. All gamblers voluntarily agreed to risk their valuable just to get the experience that might end up rewarding them, this does not place gambling and robbery or theft in thesame category where the later is done with force.

Gambling can be considered as an exchange only when someone gambles for fun. There he will exchange money for fun. Like he will lose money there but in return he will get fun. But when someone goes there out of greed to win a lot of money then how do you consider gambling as an exchange? What will he get from gambling as an exchange? Will he be able to fulfill his purpose? Therefore, gambling cannot be considered an exchange. Gambling is a place to test your luck.

[Mia Chloe]

Money was invented as a medium for exchanging value:
you give me value, I give you money,
then you give someone money, and they give you value.
In this scheme, the person who ends up with more money is the one who has provided more value to others. Everything is clear and fair.

Yes but I believe you can as well assume that they are rendering a service in exchange for the money you lose. Basically people  see gambling as risk taking and they believe that the more you risk the more you win. In the end you spend your money on what you choose to spend your money.

The optimism of winning is what actually keeps a majority of people gambling. People are always hopeful they'll win even if they are on a losing streak.

[Fortify]

Well.. you seem to be missing a point here which is you are trading money for entertainment, in this case the possibility of winning more money than you hand over. You are confusing necessity and luxury in this scenario, many people have the luxury of excess capital because they work for money, pay bills and have a bit left over that they can use on whatever they want. Gambling is not a necessity but many people still choose to do it and they see a perceived value in it. Value is all about perception and comparison, somebody might pay $10 for an item in one shop and another might be convinced to pay $15 for it in a different shop due to marketing, so there are no fixed amounts people must pay for something, it can rise and fall.

[whiteblue]

The casino is providing value in the form of entertainment. That is what is being paid for.

As for gambling being the best use of crypto… That’s more a sad result of this community and the lack of supporting talent here than anything else.

Casinos offer more than just entertainment value; they also offer the opportunity to win money—even if you're lucky. This also comes at a price. And if you win, isn't the exchange included in the winnings, and the value becomes even greater when you win?

Clearly, the reason so many people gather here is because of the ever-growing number of casino advertisements. This isn't a natural growth; it's simply because of advertising that this forum is filled with them.

[Despairo]

The casino is providing value in the form of entertainment. That is what is being paid for.

As for gambling being the best use of crypto… That’s more a sad result of this community and the lack of supporting talent here than anything else.

Can't agree anymore.

I think most people didn't consider entertainment as value, either I guess they're struggling to earn money which resulting them can't enjoy whenever they spend more for something they can't eat/wear.

And yeah, it's very sad actually when people consider cryptocurrency should be use for gambling. But, I don't really believe that, the gambling section might be the busiest board, but they aren't really a gambler, it's only to fulfill campaign posts.

[Churchillvv]

In my opinion casinos offer a good value which we pay them for and in return when we win we offer a value for having the right result out of thousands/millions of people who are predicting or guess the outcome of a game which the casino offers as entertainment for us.

For cryptocurrencies that are easy to mine we still contribute to the network and help them better in the usage so they pay for our services.

[Odohu]

Gambling is an investment and not just what people call fun. In this case, you invest your time in studying trend, match statistic and team formation to know where to invest your money in and in the end you get rewarded for such investment when you win. This is similar to someone studying the financial market or stock market to know which currency or stocks to invest in with the hope of earning a reward if the investment goes the right way. If you say gambling for money contradicts the essence of money, it will then become hypocritical to thing that buying stocks, investing in real estate and indeed making any investment in general agrees with the principles of money because no investment is more investment than the others.

[uneng]

You know that is how money was supposed to work in theory, but in practice things go in a very different way. The ones creating more value for society aren't those who receive most rewards in the end. Rather, it's the manipulators and speculators who profit the most over everyone else. The wealthiest men in the world aren't creating value themselves, but using someone else's labor force, intelligence, knowledge, will and motivation to generate money for themselves.

Another example are the coaches, social influencers and politicians. These people create zero value, but still make most profit in our society. Gambling business could be another example, if you consider gambling to not have any value. However, it does have a value for the public for is enthusiastic about it, therefore, it's creating value for those people, since they are consuming the product of this industry (bets).

[un_rank]

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

You will lose while gambling, more than you win. In a way you are just winning back money you lost in previous gambling attempts, it is the casino who are guaranteed to make money overtime if they create a great service.

Cryptocurrency actually fits this quite well too. Especially coins that are given away in airdrops, or those that are easy to mine. Or, really, any coin that only pretends to have value.

Coins that are easy to mine, offer no value and give large airdrops usually have no value when they get to the market or will eventually lose value.

- Jay -

[348Judah]

This is not even about money, its about gambling instead, we should not gambling because we needed money or want to earn money form playing bets, this may not be our complete expectation though, but we must be able to ensure that we discourage on others from doing what is wrong when it comes to gambling and how they expect to get money and utilize it for this same purpose.

[Davidvictorson]

This is not even about money, its about gambling instead, we should not gambling because we needed money or want to earn money form playing bets, this may not be our complete expectation though, but we must be able to ensure that we discourage on others from doing what is wrong when it comes to gambling and how they expect to get money and utilize it for this same purpose.

On an individual level, we can decide that we are gambling for fun and entertainment purposes only but on a wide scale level we know that the main reason people gamble is for money. They payout is huge, and where it is not, if they win, it will still amount to something for them. No matter how we try to discourage people from this idea, the more they go in. I don't blame them even casinos promises huge win.

[Ambatman]

Is service not a currency to be exchanged? Casino provide a service and your money is your payment
The service comes with a reward which is your winning.
Or you can say you paying for a closed box that when opened could be nothing or something
In the end there was an exchange.
So I can't really see your point.

[Pi-network314159]

Actually money is also exchanged for service or opportunity/chance to try luck and win in gambling, and  not the way you think. Nothing goes for nothing. The value given in return of placing a bet is the opportunity to take risk. and this risk is either you win or lose, When you win the opportunity becomes valuable and you will be paid for the risk you take and win. But if you fail it's up to you to accept defeat. in whatsoever you spend money on, it must add value. But in some case it is a 50/50 case of either it adds or reduce value. Add of value mean win, and reduce value is when you lose. But all is about risk. If gambling where to be classified in market category, it would be "risk market"

[Yamifoud]

There are no rules on how you spend your cryptocurrency.  I believe you see it wrong. You can use your crypto just like how you did with fiat money. You can buy stuff, use it for gambling, etc…it depends on how you spend it.

Nothing contradicts the idea of money here. Maybe the wrong thing here is that most people spend it on nonsensical things. That is even worse than prosecuting because it is not for gambling. Because if you insist that it is wrong, then it is the same as using fiat money for gambling contracts.

[Botnake]

You’re wrong there. Value doesn’t have to be money only, it can also be entertainment. That’s exactly what gambling provides.

When you watch a concert or a movie, you pay for it and you don’t complain even if you can’t get your money back. You already got the value in the form of entertainment. With gambling, that’s the fun part. You get the entertainment, and at the same time there’s still a chance you can double your money.

So in that comparison, gambling actually wins. But it still depends on the gambler. If someone isn’t responsible, then they won’t get that value at all, and that’s where your definition of OP fits in.

[aioc]

When we win money, we break this scheme. In the same way it is broken by theft, robbery, or taxes. If money is obtained for nothing, it loses its value.

I don't get it. Winning money from gambling has its value. We are on a platform that gave us a chance to win cash; it's been the system ever since you have invested money, time, and effort. Money won from gambling has its value.

It would be much better to play for something else. For example, for points.

How changing the established mode any better, if it ain't broken, why change it

Cryptocurrency actually fits this quite well too. Especially coins that are given away in airdrops, or those that are easy to mine. Or, really, any coin that only pretends to have value.

Cryptocurrency has value like money, and it's long been established that when you deposit crypto, you'll get crypto and real money, so this isn't new.