Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
Bitcoin-Bucket is an online gambling platform that boasts a refreshing image—a simple and modern look that appeals to present-day bettors. It is available in English and Spanish, and it only supports Bitcoin among the numerous cryptocurrencies. Online betting enthusiasts, however, who are big fans of the usual Bitcoin casino games, must know that this website does not feature any of the popular Bitcoin slots, roulette, dice, or blackjack.
Following the trend in the Bitcoin gambling scene, this platform hosts only one game, which is aptly called Bitcoin-Bucket. It is basic, perhaps a little too basic, that serious gamblers may find it difficult to bear its simplicity. Nonetheless, this kind of game definitely has a market, and it is guaranteed to become a favorite among the easy, luck-based Bitcoin games.
With a bucket turned upside down, you have the chance to increase your bet by multipliers of 2, 3, 5, 25, and 100 by simply clicking on the bucket. The results are generated randomly in the servers using the python code, which is detailed on the website.
Unfortunately for those players who simply want to wager and win, the published code may look too complex, eventually resulting in two scenarios for players: keep on playing since this game is based on chance anyway or look for another website because the game does not seem like it is provably fair.
Bets, Deposits, and Cashouts
Even if this game raises some issues among certain kinds of players, it deserves credit for providing transparency in its bets, deposits, and withdrawals.
There are two ways to place bets on this game: one is through a registered account and the other is by sending the amount directly to ‘bucketybop’, the Bitcoin wallet address provided by Bitcoin-Bucket. These two options have the same betting limits. The minimum bet that can be placed is 0.001 BTC while the maximum bet is 6 BTC.
This brand is strict when it comes to its betting limits such that a bet that is too low is considered lost; one that is too high is divided into several smaller bets processed individually.
Meanwhile, cashing out involves certain fees that may deduct a total of 2.5% from each of your withdrawal. The reason behind this is that a transaction fee of 1.5% is charged for every cash out and another 1% fee is deducted in case you joined the platform through an affiliate.
There are other notable features that can help make this brand succeed like its affiliate system. Registered players have the privilege to earn extra profits by simply inviting more Bitcoin users to wager on this game. There are two ways this can be done: one is through its API; another is through the link shared through email and social media websites.
Based on all these factors, Bitcoin-Bucket definitely has a future in the online gaming business. However, it needs to make sure that it will improve its online presence, specifically in forums like Bitcointalk, in order to show the Bitcoin gambling community that it is not one of the scam Bitcoin casinos and platforms that operate on the web. Its failure to do so may eventually lead to its doom. Nevertheless, with a decent Bitcoin game and an aesthetically pleasing interface, this website is worth checking out.
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