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This Week’s Hottest: FortuneJack, Jon Matonis, and Blockchain Reaction

Chris in Uncategorized published on 1, November 2014

FortuneJack, Jon Matonis, and Blockchain Reaction

FortuneJack Ahead in Revolutionizing Cryptocurrency Gambling

FortuneJack steps out of the box with its Bitcoin gambling services, ranging from casino to binary options trading and even to prediction market. It also sets an example by accepting more altcoins, staying true to its branding of being a ‘live cryptocurrency casino’.

“Moreover, aside from its online gambling services, FortuneJack further ascent the ranks with its revolutionary move to support a total of eight cryptocurrencies. Besides Bitcoin, Litecoin, and Dogecoin—three cryptos that have become commonly used in online betting—altcoins such as Darkcoin, Peercoin, Namecoin, Reddcoin, and Novacoin can also be used by players worldwide.”

What Lies Ahead for Bitcoin Gambling After Jon Matonis’ Resignation?

Bitcoin Foundation Executive Director Jon Matonis stepped down from the post and the board, prompting Patrick Murck to continue leading the foundation. Is this trouble for the Bitcoin gambling market?

“Leading the Bitcoin Foundation has been a once in a lifetime opportunity. Merging the diverse interests of the Bitcoin community has been intellectually and professionally stimulating and now it’s time to pass the baton to longtime colleague Patrick Murck. I look forward to advancing Bitcoin and contributing to the community through the private sector.”

Blockchain Reaction Proud of its Multiplayer, 100% Skill-based Game

Offering a fresh take on using Bitcoin for gaming entertainment, Paul Firth brings forth Blockchain Reaction, a multiplayer board game where winning bitcoins is reliant on luck.

“Launched in January, Blockchain Reaction offers a distinct kind of Bitcoin gaming—one that is completely based on skills and not a hint of luck. Paul Firth, CEO of Wildbunny Ltd and developer of this Bitcoin game, introduced his own take on the classic Chain-reaction game and shared his plans for this brand in the Bitcoin gambling market.”

On Altcoin Gambling: What Crypto Should Be Supported?

Aside from Bitcoin, Dogecoin and Litecoin prove to be great alternatives for online gambling. Even the other cryptocurrencies in the market show potential to be used for gambling purposes. Should Bitcoin gambling sites support more cryptos?

“Many businesses have started accepting multiple forms of cryptocurrency. For example, Peerbet offers the ability to gamble using 8 different ones, not the least of which include BTC, LTC and DOGE. FortuneJack is another Bitcoin gambling platform that accepts 8 altcoins, including Darkcoin, Peercoin, Namecoin, Reddcoin, and Novacoin besides the three previously mentioned cryptos. Some sites simply accept the Coinpayments network, which in itself comes with many supported altcoins.”

How Does Bitcoin Offer Fast Finality of Payment in Online Gambling?

There are concrete reasons Bitcoin should be used in online gambling. Take for example the speed at which payments are finalized.

“When a gambler uses crypto coins to place a bet in a Bitcoin casino, the finality of payment is almost immediate. He sends the money and it reaches the wallet of the Bitcoin gambling platform, often under ten minutes. That means there is little room for him or her to cancel the transfer from the respective Bitcoin wallet.”

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