Bitcoin Forum

I've been looking at ICO's and here's my top pick:

Stockbet - https://stockbet.com

Legitimate -

They are one of the few ICO's that actually has working software. I’m playing in their Bitcoin round. Join in by making a bet on Bitcoin:

https://stockbet.com/#/BullBear/round/17971

Or, make a bet on Ethereum:

https://stockbet.com/#/BullBear/round/17970

Token Sale starts Oct 29.

Potential -

According to Coindesk, gambling and cryptocurrencies have huge potential. They call it the perfect storm.

https://www.coindesk.com/national-economics-gambling-cryptocurrency-perfect-storm/

Stockbet wants to gamify the biggest asset classes in the world

Derivatives - $630 trillion
Fixed Income - $199 trillion
Stocks - $70 trillion

If Stockbet gamifies only a tiny percent of this, it will be bigger than all of the cryptocurrencies combined.

They already let you bet on cryptocurrencies, but it’s only worth $165 billion.

Take the time to read their white paper. It clearly identifies the existing gambling sectors that will be disrupted and replaced. It explains the untapped social competition gambling that is unaddressed. It clearly explains how the blockchain can eliminate the problems with existing industry: theft and cheating by gambling sites, expensive fees and long wait time to withdraw and identity theft. It clearly identifies the massive size of this market. Which market gives you potentially $900 trillion in size? The world’s GDP is only 74 trillion. There are no micro transactions here. Cryptos round to zero.

Feel free to comment.

we have betting on stocks, its called options.

there is a reason why they call the stock market the biggest casino in the world.

True. What's missing is social competition.

And most of the people in the world cannot bet on options.

And there are many types of gambling on the financial markets that can be improved on the blockchain.

The largest options exchange in the US is moving in on a $1.6 billion bitcoin opportunity
http://www.businessinsider.com/cboe-is-making-moves-on-a-16-billion-bitcoin-opportunity-2017-10

This is not only an opportunity for Cboe, it’s also an opportunity for StockBet as it will increase the betting activity of Bitcoin on StockBet. Not everyone in the world can bet on the options exchange.

John McAfee: ‘Bitcoin moves above  $500,000 within three years. Bets?’
https://twitter.com/officialmcafee/status/887012614131372032

After Token Sale, StockBet will enable McAfee and you to bet against each other.

John McAfee: ‘I will eat my d-ck’ on national television if I lose $500K Bitcoin bet

Swarm Fund is looking really good

super solid dev team based out of Silicon Valley

highly practical use cases that could see real world implementation very quickly

mainstream media coverage:
https://www.forbes.com/sites/giovannirodriguez/2017/08/16/can-swarm-fund-help-the-cryptocurrency-market-finally-enter-the-mainstream/#3c562d2f2e77

ico is live now, only one more day left to invest:
https://www.swarm.fund/

Bitcoin Bull and Bear go toe to toe on CNBC.  It's a smackdown!

https://twitter.com/CNBCFastMoney/status/923309420662140928

They need to bet against each other on StockBet's BullBear.

You should take a look at digipulse, it is an inheritance service so your coins will go to your chosen one rather than be lost in the blockchain after you die

Overstock.com goes for largest digital coin offering ever at $500 million
https://www.cnbc.com/2017/10/25/overstock-com-goes-for-largest-digital-coin-offer-ever-at-500-million.html

Overstock Reveals Plans for Equity Token Exchange and ICO
https://bitcoinmagazine.com/articles/overstock-reveals-plans-equity-token-exchange-and-ico/


This will open up many things that StockBet can add to its platform and gamify more of the $70 Trillion stocks asset class!

That's an interesting concept. But wouldn't it be just as easy to make sure that you leave your wallet and password on a usb key for your chosen one?

interesting project, can't wait to see the financial world's response to this, I'm pretty sure they are paying attention to everything going on in blockchain development, let's see how much of that options market stockbet can get as well as change it since the whole social media idea and the cost reduction through smart contracts is quite the leg up on the existing alternatives.

Coindesk might say that cryptocurrencies can be successfully applied to gambling and provide big profit, but there already are tons of coins adjusted specifically to gambling as well as lots of bitcoin-accepting casinos. Why is another coin needed?
If a 'tiny percent' was indeed controlled by Stockbet it would surely be a huge success, but what makes anyone think that it will? How is this coin different from vslice, enjin, burst...? There isn't a lot of information on this ico on the Internet and that is usually a bad sign.

That's a ridiculous amount of money.

You’re right, there are tons of coins for gambling, but these are for casinos, sports betting, esports, computer games, etc. There isn’t one specifically for stock betting, that I’m aware of.

Bitcoin-accepting casinos still have problems. They can steal your money. They can cheat. These problems are removed with smart contracts.

vslice is not related to stocks. I can’t even read their white paper. When I try to download it, I get some testing doc.
enjin is related to computer games, not stock betting.
burst is even less relevant.

SB seems low key because (computer) gaming is huge, but not all of gaming has gambling.

SB is listed on 18 ICO listing sites. It's going to go after financial betting sites: IG, Binary.com, Nadex. IG is one of the biggest firms in UK. It did £456 million in revenue. But it’s boxed in UK because of regulations. SB will be decentralized. Also, these sites make you pay fiat, send identification docs, wait several days to deposit and withdraw and charge hefty fees for doing so. All of these old school gambling sites will be replaced.

That's the tiny percent.

A really promising ICO is BurstIQ, you guys should take a like at it. I invested a few hundred, because its really important to get a marketplace for health data and services! They have a great and active team :)

That's because the stock market has the biggest asset classes in the world. It's not like sharing files or CPU, like other ICO's wanted to do.

https://stockbet.com/tokensale/asset-class-chart-486px-2.png

Both Overstock and Stockbet have huge potential.

But you can overpay for these monster ICOs. Many did with Bancor, Tezos and EOS.

Bitcoin round starts in 11 minutes

https://stockbet.com/#/BullBear/round/17971

Bet with or against me

Overstock Shares Surge 30% After $500 Million ICO Announcement
https://www.cryptocoinsnews.com/overstock-shares-surge-30-after-500-million-ico-announcement/

Overstock shares have gone up 200% in a year largely because of their ICO.

Worldcore ICO is one you can't afford to miss, the project is sound and the market is huge for them to explore, there are others too, like Spectre that I like very much too, they have a working platform already

Its good project and good concept. But recently, there are some project based on gambling rise, so how you can make sure that this project will be success? I think there are competition between them and make it not that easy.

There is no way to make sure that any project will be success, not even ones that Vitalik is involved with. But it has a better chance than most projects.

There's competition with casino, computer gaming and sports etype of gambling. But I'm not aware of any project that is focused on stock betting.

They list their competitors in the white paper which are Ig, Binary, Nadex. These are the big old school financial betting sites that Stockbet wants to replace. Blockchain competitors are Gnosis and Augur, which are prediction markets, which are indirect competitors. Augur has Vitalik on team and after 2 and half years they still have less developed than Stockbet

A Stockbet round was started for Overstock:

https://stockbet.com/#/BullBear/round/17972

This stock has gone haywire.

I wonder if Jamie Dimon is watching us and trying to find ways to bash us.

Recently there has been a lot of gambling ICOs, with Bitdice etc.

I think the idea of social competition where people can match up with each other instead of having to deal with a boring order book is great and will boost the business. However whether or not an ICO is going to be worth an investment is doubtful.

Where are the token's value actually going to come from?

StockBet is an user in this forum and has been posting a lot during this days, i dont know if they are the real owners or have something to do with this Ico, but they are creating a lot of threads in bitcoin section.
anyway, i will never trust in ico's again, most of them are scam a lot of people have been losing money because of them. So i prefer to stay away and still earn some money through other kind of projects.
utrust was one of the best, but it has turned to a shady mode, i dont like how it is going.

Yes there has been a lot of gambling ICOs, but most are casino or computer gaming type gambling. Stockbet is the only one focused on financial betting that I'm aware of.

The token's value is going to come from multiple sources

- Winnings. Token holders are like the house. The house always wins.
- The white paper says that a % of the house cut will be burned. So with deflation, the tokens will go up in value
- Demand. Let's say people want to gamble in total $1 billion worth. They'll have to buy Stockbet tokens to do this. This will drive up demand for Stockbet tokens and its value.

True. Thanks for your clarification.

So the plan is when the ICO ends, every single bet will be processed in the tokens that are sold in the initial ICO stage, correct? I mean this is definitely interesting and i've personally wanted something like this(1v1 bets) for a long time.

Hopefully more people can hear about this project :)

As far as I know.

Join in one of the bets:

Overstock:  https://stockbet.com/#/BullBear/round/17972

Bitcoin:  https://stockbet.com/#/BullBear/round/17973

Ethereum:  https://stockbet.com/#/BullBear/round/17970

I think another ICO that seems very promising is the Universa ICO that started yesterday.

Wrote a little article about it, anyone wants to read: http://financestudentreflections.blogspot.no/2017/10/universa-next-big-thing-in-crypto.html

They claim to have 1000x faster transactions than Bitcoin and 100x cheaper.

Stockbet’s token sale starts in 2 hours

about utrust https://bitcointalk.org/index.php?topic=2243157.msg23632808#msg23632808

Stick with ico’s that have working software

I was about to invest some money in the stockbet token sale when in the very last second it caught my eye that US and Chinese citizens are not included in the sale.
Now will the company not loose out on a huge and affluent customer base by excluding these two nations and will this not hamper any future success?
I guess there will be legal reasons for this, but nevertheless I am a bit worried.
Until I saw this I was quite excited to join the token sale, now not so much anymore.
What is your opinion?

This is the response from Stockbet customer service regarding the restrictions of US customers. It sounds legit:


The SEC warned the community that the DAO (investment fund on Ethereum) is a security.  After this warning period, they have charged two ICOs with fraud:

http://fortune.com/2017/10/01/sec-ico-fraud-charges/

We do not know for certain that these are the only ICOs that regulators have charged or how many more they will charge.

Even though we are not committing fraud and we do not believe we are selling a security, we wanted to be conservative and not take the chance that the SEC finds something wrong in our argument.  We believe that we have a huge opportunity, but we are restricted by this risk.

Maybe we are overly cautious.  There have been hundreds of ICOs that were selling securities.  Regulators have not charged them yet.

According to the Fortune article:

"The SEC, though, doesn’t seem to be looking to shut down ICOs as such. The agency’s targeted and graduated approach to regulation could help scare away fraudsters, while preserving the positive features of the technology, particularly its ability to raise funds globally with little friction and few fees.

That could give the U.S. a big edge over countries, now including China and South Korea, who have taken more draconian measures to suppress the technology."

So, as far as we can tell, regulators still have not charged any ICO for selling securities.  This is extraordinarily lenient of regulators, which have charged much smaller dealers for selling securities in the past.  We might reassess our policy.

Selling StockBet Tokens and betting on StockBet are two different things.  The intention is for us to build the StockBet Platform software and release it as open source software to the community.  The community will then let, or not let, U.S. customers bet on the StockBet Platform.

We are doing something different, me and my co-founder made uFrame, a MVVM development platform for the Unity3D Game Engine

We are incorporated in the U.S.A

www.blockarray.com/whitepaper - would be happy to talk to anyone about our project and what we are trying to do

basically linking barcodes to the blockchain using GS1 (the standards org that regulates barcodes) specifications for a system they call Object-Name-Service (DNS for Barcodes)

They never implemented it because they were worried about, of all things, a centralized service

let me know what you guys think

Betting sites, roulette, and other kinds of gambling that use or accept cryptocurrencies may be the future but the competition is already very strong and vibrant that these people might have used all kinds of means to promote their own ICOs. There are already ruling major gambling sites using crypto. This new project must prove to the rest of the gamblers that their own is the best by putting on the table their edge. ICOs are full of scams, let us choose wisely.

It's easier than you think to identify whether an ICO is legitimate or if it is a Fraud. Find a list with todo's bellow:

Read the White Paper and try to identify whether the Token is Security or Utility.
Read the Token Agreement and check if there is a legal entity. Check the Jurisdiction and search if it is a legal entity.
Search for the Founders to find out if they are real person.

Then you can decide if it is legit or not

@Coldsnap4457
Thanks