A History of Bitcoin Dice Games

Dice are one of the oldest gaming apparatuses known to man. Their history dates back to 2800 – 2500 BC. And even as far back as then, they’ve been used in playing games and gambling.  So when one of the earliest Bitcoin casinos introduced the game’s virtual version in 2012, it represented a bridge between classic established gaming and modern technology. 

Bitcoin dice games are immersive online gambling experiences where players roll dice virtually and potentially win or lose Bitcoin based on the roll’s outcomes. 

Introducing Bitcoin and other cryptocurrencies into online gambling has revolutionized the industry, thus introducing newer and more exciting online casino games. Bitcoin dice games are one of such introductions. In this article, we narrate the developmental journey of Bitcoin dice games from its early days to its evolutionary path to the present-day reality. We draw the curtains by peering into the future through the lens of modern reality. 

Early Days of Bitcoin Dice Games

The concept of Bitcoin dice games first surfaced in online gambling around 2012. At this time, the idea of players setting their betting odds sharply contrasted with the principle of typical gambling games. Nonetheless, the wide range of possibilities made it so that players could win as low as $1 or as high as a thousand-fold of their wagers, thus creating the ideal gambling game — gambling based purely on chance. It added more thrill and transparency to online gambling. 

In the early days, they were typically like traditional dice games, but players had to predict the total value of the dice roll, the range of numbers that’d appear on the dice or specific numbers. 

Bitcoin dice games virtually roll the dice using provably fair cryptographic technologies that ensure that the outcomes of each dice roll are purely based on probability. 

Since they were provably fair, Bitcoin dice games did not require players to trust third parties to ensure fairness. Each gaming outcome was purely random. Additionally, the possibilities of winning meager or large amounts amplified players’ winning and losing thrills in a fun way. 

Evolution of Bitcoin Dice Games

After taking the online gambling world by storm in 2012, Bitcoin dice games accounted for 50% of all Bitcoin activity on the blockchain network in 2013. This surge continued in the following years due to the growing adoption of Bitcoin and other digital assets. New variations of the early versions flooded the market, granting players access to virtual dice games via crypto assets, with Bitcoin being the major digital asset.

As expected, there was a cash influx from investors who saw the potential and customers who enjoyed it significantly. This influx helped improve the gameplay significantly. As a result, seasoned players got hooked on the nostalgia while newer ones tapped into the allure of traditional gaming facilitated by Bitcoin. 

Technological advancements of the provably fair systems and smart contracts helped to automate the processes involved with these games. As a result, Bitcoin dice games became more transparent and convenient. The gameplay evolved from virtual dice rolling to placing bets strategically and awaiting outcomes in a dynamic gaming environment. 

Additionally, the fact that Bitcoin dice games became even simpler due to the uncomplicated layout made them all the more attractive. 

With the increase of new entrants into the industry, Bitcoin dice games have evolved into different variations. The traditional Bitcoin dice games involve predicting whether the results of a virtual dice roll will be above or below a certain number and placing a Bitcoin wager on the prediction. This experience can be laced with excitement by infusing competition as a social element into the mix. Multiplayer Bitcoin dice do this by pitting players against each other in real-time as they place bets on multiple dice rolls. To select a winner, this variation of Bitcoin dice games often has leaderboards and tournaments. 

There are many other variations of Bitcoin dice games. However, they all maintain the core principles of traditional dice games and add their unique features to spice things up. These features sometimes include bonus rounds, special events, and progressive jackpots.  

Present-Day Reality of Bitcoin Dice Games 

Today, as it becomes obvious that Bitcoin and other cryptocurrencies are here to stay, crypto dice games have also kept up in complexity and diversity. Most notably, the increasing adoption of Non-fungible tokens (NFTs) has found its way into dice games, blowing the whole industry wide open with endless possibilities. 

Players can now own unique dice marked by special events, designs, or other unique properties. The non-fungibility of such tokens allows players to capitalize on their rarity and authenticity to own, sell, or trade them as and with other in-game assets on multiple NFT marketplaces. That possibility is transforming crypto dice games into more than mere fun games but potential revenue sources in the near future, as casual players can now become creators, digital collectors, and strategists. 

In the present day, these games are more than just virtual dice rolls for a few bucks; players are now more engaged, and the rarity of the dice is a major factor to be considered. 

Although the growth potential is clear, the regulatory concerns affecting the cryptocurrency industry pose obvious development problems. Despite significant strides in clarifying crypto regulations recently, more can be done to address consumer protection, money laundering, and market manipulation issues.

The impacts of online gaming regulations on businesses range from high cost of compliance to privacy concerns for both the platforms and the users. As a result, most casinos offering Bitcoin dice games sometimes experience stifled growth due to harsh regulatory compliance requirements or a lack of frameworks that foster growth. 

The Future of Bitcoin Dice Games

NFTs are revolutionizing Bitcoin dice games, but the internet’s next level is shaping to be more impactful. 

Bitcoin dice games might return to 3D spaces, but this time, in a virtual space where users can interact with one another from different physical locations. This implies that players can place and see cash on the table, pick up and roll a die on the same table as they gamble based on their predictions from miles across each other. 

The possibilities of more sophisticated betting strategies, player-to-player, and player-to-AI interactions are real. As such, the experience promises to be more immersive as players might get to relive what playing a dying game felt like in 2500 BC or what it would be like in the year 3000 while only sitting in a coffee shop in the present day. 

This future prediction will be made possible with the development of the metaverse.