Gambling for money contradicts the very idea of money

[Smartprofit]

In my opinion, there's no such thing as "fairness" in the world of finance.🙋

Money obeys different laws... A businessman's profit is usually directly proportional to the risk they're willing to take, not the value they create (and certainly not to the effort they expend). Strictly speaking, this is precisely what gambling teaches. Someone who has worked for a long time as an employee in a commercial company has a very difficult time understanding that money can be made if they're willing to take increased risks. People generally have a hard time grasping abstract concepts that aren't based on their practical experience. Gambling, in my opinion, allows you to gain this experience. And it's very valuable!

I also disagree with the idea that cryptocurrencies aren't money. In my view, cryptocurrencies (especially Bitcoin) are a form of money. That's why winnings paid in cryptocurrency are completely natural.🙋 I can't imagine a gambling game where the winner is simply given a certificate of honor instead of a monetary reward.  This seems very strange to me.🧖

[Hispo]

In my opinion, there's no such thing as "fairness" in the world of finance.🙋
...

Perhaps you have a different definition on what fairness is in the world of gambling and business in general.
Fairness in business is pretty much disclosing all information which is relevant to all parties involved in investing, on in this case in casino games. If there is a casino game which offers just a slim percentage of winning, let us say 0,1% and they properly inform gamblers about that percentage of winning, they it is okey to say that casino game is being fair.

Basically, fairness has become a synonym of transparency in the world of gambling, as long as the casino disclose everything which is going on with their house edge and multipliers, they can call it a day and advertise their games as fair. Though, there is an important difference between being fair and being provably fair.

[Fivestar4everMVP]

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?

Casino to the best of my understanding are actually providing value in place of our money, whether you agree with this or not, Fun is a value that is worth paying for and this is what casinos are providing, same way other games with in-app purchases provide fun as value and I return, we spend our money on their things they sale as in-game items.

We go to the movies, pay for a movie ticket all because we want to watch our favorite movies, it's fun right, and that is the value we pay for.
So for me, I feel that winning money from casinos is not the same as stealing, carrying out a theft, robbery or any sort of this, but simply a means through which the casinos give something back to their users they provide fun as value to.
I hope this make sense..

[lionheart78]

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?

Partially I agree with you, but cryptocurrency have monetary value, even though cryptocurrency is often used in the gambling industry, it is also used to purchase items

What value does gambling give? Just like the earlier reply, I also agree that the entertainment that is provided by the gambling industry has value. Many are eager to pay just to have entertainment, and we can prove it by just looking around us.  People spend money to watch movies, charge money for games, spend money on hiking, and so on.

still i do not fully believe that winning money through gambling automatically destroys the value of money. because for many people gambling is a form of entertainment where they spend money for excitement enjoyment and experience. these feelings also represent a kind of intangible value. the problem begins when people start seeing gambling as a source of income or an alternative to value creation. the same idea applies to cryptocurrency as well. although some coins are based on speculation and belief not all crypto assets are meaningless. therefore in my opinion balance awareness and realistic thinking are the most important factors.

Aside from that, winning in gambling only transfers ownership of the money and does not add more money to the circulation.  At the end, the money tally (in and out in the gambling financial record) is still in equilibrium.

[Byebyebtc]

Well I wouldn't totally agree with that,
Because it depends on the way you win the money, when it come to gambling, you risk value to get more value, just Like how you risk your health by working so hard to get value.
Basically your health is still of value to you, just like your money is too, so one being willing to risk something of value is enough reason to get more money/value,
But if it's a casual win of money without risking any thing than that is when it has something in common with the robbery and theft you said.
But risking something is a different case.

[TopT3ns]

Casino to the best of my understanding are actually providing value in place of our money, whether you agree with this or not, Fun is a value that is worth paying for and this is what casinos are providing, same way other games with in-app purchases provide fun as value and I return, we spend our money on their things they sale as in-game items.

We go to the movies, pay for a movie ticket all because we want to watch our favorite movies, it's fun right, and that is the value we pay for.
So for me, I feel that winning money from casinos is not the same as stealing, carrying out a theft, robbery or any sort of this, but simply a means through which the casinos give something back to their users they provide fun as value to.
I hope this make sense..

You have managed to sketch out the idea of value exchange candidly because we invariably get to pay some form of compensation in every form of entertainment that we consume. Being victorious there is a process of giving up the resources that we have relinquished to obtain pleasure, and it is this dependence that is solely business oriented and contractual. I can say that I can relate the movie tickets and gambling to the way of accessing the inner satisfaction we desire hence there is no crime aspect of the money coming back to us.

[internetional]

The idea of money is that we should all do something that could earn as an income to be able to have money for a living, this may come from gambling, no matter what we do, or when we invest or even receive free donations from others as the case may applies, while in gambling, the idea of money still never changed, because we make use of the opportunity to play and have fun, then also stand a chance to earn more from what we have in it.

I understand this perspective too - it makes sense to me. But if we look at money strictly from that angle, it can start to feel like money becomes a negative force, almost like an 'evil' necessity. It keeps a system running where people often have to do things they don't actually need or care about just to earn the right to live.

And if that's the case, then the desire to get money simply through luck seems completely natural to me. And getting it from something that brings joy, fun, or genuine excitement - that's even better. If gaining money also creates happiness instead of just obligation, then that's honestly a pretty awesome scenario.

[shasan]

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?

I have read the full point of you but the concept seems to me nothing but a valueless one as there is no different from the currently we are using. The idea of you is the same thing of the concept of point if it could be something different where there is no money required or where there is no necessary of money then that could be okay. But based on the concept to start and end we must have the money.