Bitcoin Forum

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👉  Casino Critique (https://www.casinocritique.com/)
The brainchild of a group of reputable Bitcointalk members. Casino Critique is comprised of a handful of Bitcointalk old-timers. Our ultimate goal is to be one of the leaders in Casino Guide in the year 2027.
The reputations are not for sale which means our reviews are unbiased and completely outspoken.
We are a team of experienced gamblers who have mastered our skills and proved it on various online platforms. Our critical analysis and guidance has helped many gamblers avoid bad actors in the crypto casino industry. We expect you’ll benefit from our extensive research on every casino and bookmaker we review on our platform. We aim to make Casino Critique an unbiased and completely outspoken crypto casino guide to enhance your gambling experience.
➥ View Our Roadmap (https://ibco.casinocritique.com/#roadmap)

👉  10% LIFETIME Revenue Sharing for Chip Offerers (https://ibco.casinocritique.com/#expensemetric)
A large portion of the collected BTC will be spend for the next one year’s MASSIVE ADVERTISING including Google CPA, SEO to reach Search Engine first page for several HIGH TRAFFIC keywords, BitcoinTalk promotions, Social Media promotions, Content Marketing, Email Marketing, PR, last but not the least for Content Creation.

➥ It’s important that you join us before we reach the hard cap. Anything excessive after meeting the hard cap are returned to the individual received bitcoin address.

https://i.imgur.com/KY0QQBB.png (https://ibco.casinocritique.com/#expensemetric)

➥ Anonymous Chip Offering (https://ibco.casinocritique.com/#anonymous)
We collect all BTC addresses from the blockchain transaction IDs. These are input addresses to our escrow address.
Ensure that you are sending Chip from a wallet which has its private key in your possessions. DO NOT send bitcoin from any exchange.
Every month, 10% of the revenue from the Chip offerers’ revenue pool will be paid out to you, for life! Please enjoy your revenue.

Coming soon...!

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Please ignore below escrow setup. For unavailability of two escrow team members. We are setting up a new escrow team consist of two escrow agents from the forum and three founding team members from the internal team. The new set up will be a 4 of 5 multi-sig bitcoin wallet which assures better security and transparency before signing any transaction for an expenditure.

This reminds me of btcgosu created by efialtis but with an investment scheme.

I have nothing against the review team members and I understand the need to carry or promote certain casinos in their signatures but it will probably cast a doubt on some readers.

i can understand what you are saying here. some of their team members are also endorsing some of the casinos found in the forum. but we will see how they will give their constructive criticism towards these casinos. also, how open they are in discussing valid complaints. it can easily be seen on how they will react if the casino involved is one way or another involve in one of their members.

interesting maybe this will be the first or just me not knowing anyone has done this before.
You are smart enough to choose members from this forum to make your project look good, but why choose team members who in this forum have been banned because of plagiarism into your team?
https://bpip.org/Profile?id=1187984

So, the money is to pay for the developers and the team, but the investors will only get 10% of the revenue, that doesn't sound as a good deal to me. The investors are an important part of the team, and they should get a bigger piece of the cake.

I really wish you great luck with the project, but i don't like the business model, is not attractive for me as investor.

What’s the difference between a gambling critique to the gambling reviews site?
This is quiet interesting honestly and I’m wondering how the site will make money aside from the advertisements. 2.5BTC for a litetime profit is quiet risky honestly. Though the escrow team is composed of reputable users here, wondering how this thing works for long term, will keep this on my track list.

How much are they expecting to make every month?  Because the 10% that will be shared will matter when this is recognized.


I'm wondering if a gambling reviews site can earn that much to pay 10% monthly to redistribute to its chip holder. Somehow though the team is full of reputable members in the forum. Massive marketing is on thier plan.

I'm curious about the phrase 10% revenue share LIFETIME because I don't think any business can run forever. Maybe you can make changes to 2-5 years later and after 5 years your casino is running, you can give an update again because hearing the phrase share LIFETIME sounds like a fake lure. I hope you understand what I say and can think about it with your team. I am sorry before.

Thanks for your interest ethereumhunter. Yes we understand where you are coming from. LIFETIME in terms of the many years we are in business. We do have long years of plans, at least from our Roadmap it is clear that our goal is to become the #1 in the year 2027. Once we achieve that, our real journey will start then. Before achieving the ultimate goal, we are hustling. In short by LIFETIME we are meaning that the Initial Bitcoin Chip Offerers' will be receiving their portion of revenue as long as Casino Critique project continues.

Taking your question in mind, we will add a response in our F.A.Qs section soon. Thanks again.

According to our observations and investigations, leaders in the industry are making over $200K per month if not over half a million. So it's not question about how much we are expecting, it's question that do we have the mindset and planning to be one of the leader in the industry? We are working hard to prove it, words are not good enough to convince.

Massive marketing is what we are working for but we do understand that marketing itself will not help if we failed to provide quality in our service. Our product is Casino review. Until we create the reputation of being completely unbiased and BOLD in our reviews the massive marketing will not sustain the project in the long run. So right now our focus is to create quality contents before pushing harder for Marketing. Please check our Roadmap which will give you some idea.

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There are some real interesting questions and discussions from members above. Due to not having much time, We are unable to response everyone. But when we get time, we will address all of you one by one.

We are scheduled to launch signature campaign and bounty campaign soon. Please stay connected and good luck to all of us. Looking forward to have you on our IBCO. You can contribute as little as 1 Chip to maximum 1000 Chip

https://media1.giphy.com/media/qHnEn9nSkDfgtKPmYk/giphy.gif

I would like to ask this again.
as a blog/review service, you really have to have original content. there cannot be any risk with plagiarism.

I was just looking at the team members, everyone is quite active in gambling, I believe that all of you are well versed in how it all works. There are campaign managers, and the casino supports... however, as far as I can see, neither of you is primarily a content writer but for a blog and review site, this is the most necessary skill. does that mean that you will find it through outsourcing?


"Lifetime" it can last one month, one year or even 50 years... Lifetime (in this case), the life cycle of a business or project

I remember now. First I noticed you on Stake the bitcoin address thread. Your domain name got my attention. It's a nice two words domain. Hopefully you will be able to brand it.

https://ibco.casinocritique.com/terms-and-conditions/

I don't think I understood the clause. Can you elaborate?

Did you miss the contents of the file?
https://ibco.casinocritique.com/wp-content/uploads/2022/08/IBCO-Terms-and-Conditions.txt

You are welcome. Yes, it will be better to give a note in the F.A.Q section so people will understand the meaning of LIFETIME. I do not want to see your site as a new site that can not grow from time to time because of that simple thing.

I am sure your business is different from other casinos and has big potential to become one of the recommended ones in the future. That is why I suggest you change or at least give an explanation about that word in F.A.Q.

Yes, I know that mean. But nothing last forever, right? That is why I suggest explaining that word ;D

If "BTCGosu" have some share experience from their revenue.

Then, should be like that however since this is like a gambling review most the revenue can be came from several marketing service with the casino it self. If they can hired or make an influencer join under their company or get a good feedback from the review it self.

IMO, is really hard to track and thinking the estimation for this space.

How does the ibco.casinocritique project plan to reach the indicated or close to this amount of income, will it be advertising on the site, marketing conducted by the team (here, however, sometimes expenses may exceed expected revenues), casino reviews or paid subscription, or will it be a conglomerate of all of the above?

My question for Casino Critique is what will happen if you don't manage to collect 2.5 BTC or if you collect more than that amount?
Are you going to return coins to original senders or you are still moving with forward with your project?
I checked address in blockchain explorer and so far nobody sent bitcoin.

I don't know how you plan to make profit in future with your business but it's not a bad idea to offer 10% revenue sharing.
How is this rewards given and do we have to pass any kyc identification or not?

They do have a roadmap up to 2025 but conglomerate I guess. They success depends on their plan which could take months to a year.  Assuming they get $200K/month which there will be $20K to shared by those chip holders. This will be computed like 20,000 / 2500 Chips which is $8 per month. The more chips you need to have to make it worthwhile ofc.

How soon can you get the amount is likely to be announced.

I agree.
The project owners are asking for between 1BTC and 2.5BTC in funding. This is somewhere between 25K and 63K USD worth of capital.
Is it really that expensive to create a casino review website? I guess that most of the budget would be spent for marketing and search engine optimization, but how there's going to be a return of investment? How the casino website is going to make enough money?
Posting gambling ads and providing paid premium features for a fee? Are there any gamblers, who are willing to pay for premium services offered by a casino review website?
10% of the overall revenue seems really low, because the potential revenue is unknown. It can be 10K per month, or it can be 1K per year.
Anyway, this project is backed by some highly reputable Bitcointalk members. Good luck.

The hard cap is 2.5 BTC. If there is more amount than 2.5 BTC, it will be sent to the owner's address. This is a first come first serve basis IBCO with a capped maximum of 1000 chips. If the total amount of chips received is less than 2.5 BTC, still Casino Critique will be there. No issue with the investment as far as I know. Hard cap is required for moving fast and achieving the goal while without the hard cap, it will be a lengthy process to reach the top position.

The reward will be given in form of BTC at the sender's address or any other address if the original sender signs a message from the investment address. Why do we need KYC here? As stated, you will only receive the reward at the address from which you have sent the chips. Otherwise, a signed message from the same address is necessary to change the payout address.


Note- Don't send chip/s from an exchange or any other address which you don't have control.

What's  kind the casino will be? I can't see them at  whitepaper 1pages or  roadmap.

Let us address some of the responses we missed on our last post.

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It's not just btcgosu but there are many casino review websites out there. What matter is the difference we will make. In the long run a quality service survives. Everyone gives their best and it's the same to us. We will not compromise our work ethics. To keep the reviews unbiased and BOLD we applied a solution which you can read from our one pager at solution paragraph (https://ibco.casinocritique.com/wp-content/uploads/2022/08/Casino-Ciritique-Onepager.pdf).

A review that will be finally published in our platform is not coming from a single hand. It will come from a group of people. An individual will be responsible only for maximum 2 sections of 15 to 20 pre-setup parameters we consider when review a casino. In person someone can have a weakness for a certain casino but together when we will make an exclusive summary then the influence will not make much difference. We hope it make sense. You can read our onepager (https://ibco.casinocritique.com/wp-content/uploads/2022/08/Casino-Ciritique-Onepager.pdf) for more clear understanding. Thank you AmoreJaz.

We wanted to maintain an order but considering examplens asked the same question we thought let's answer it.
Thanks examplens and Strongkored for this nice question.

When we were partnershipping with team members we considered several factors not just their skills in the sections they are.
The first one was their interest in the project followed by the motivation to be with us.
Are they able to see the big picture that we want to achieve?
Do they have the steam to give their free time even when the project is not making any money for us?
Are they from a long gambling background?
All of these are more important than the skills we considered for the sections they are. Skills can be improved overtime when right people work together.
We needed hungry people with entrepreneurship mindset, hungry in a sense of dedication.

It's important for us that team members have long gambling background so they understand the industry. We will have a copywriter team in place.

Most of the funds we will spend in Marketing and in content creation. It's 70% to 71.6% of the total collection. We explained it here, please read. (https://bitcointalk.org/index.php?topic=5407987.msg60762868#msg60762868)

10% for the Chip offerers is not a small amount of return considering they will enjoy the reward for LIFETIME. The rewards will be sent every month. Our goal is to be the best and the best in the industry are making over $200k if not half a million. Industry is HUGE. Even if we make a $100k a month once we are able to brand our name, it's still $10k per month.

Thank you.
Soft cap revenue share is 60% out of the allocated 10% of the total revenue sharing pool.
Hard cap revenue share is 40% out of the allocated 10% of the total revenue sharing pool.
Fail to meet hard cap in a sense of after meeting the Soft cap if the remaining Chip to reach Hard cap has not meet then half from the hard cap allocation will be moved and added to Soft cap Chip offerers. Soft cap offerers will then share 80% instead of 60% and Hard cap offerers will share 20% instead of 40% from the allocated 10% revenue sharing pool.

The text file undated with our PGP signature. Thanks for bringing it to our attention.

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We will address remaining responses later again. Thanks for understanding :-)

IIRC, This kind of review site earn most of there profit from referral commission from the user that use there code while browsing there list of casino and it’s review. The profit on this kind of business is massive if they can manage to properly market there website to a huge gambling community that still doesn’t have crypto casino account. I would say the 10% of revenue is already a good profit sharing for investors since this is a lifetime offer but of course there’s a risk involved on this kind of investment because there’s no guarantee that they can run the business lifetime since they need to pay there developers and other team member there monthly salary plus the marketing expenses.

Investors should be aware that this kind of investment doesn’t guarantee a huge return or even an ROI because there’s a chance that the business don’t survive on the critical early stage of the business. Good luck! I might purchase some chips for my fomo bag later.

Casino review sites are now an industry because they have followers and they are being looked up by the gambling community,  this is the first time I've read this kind of crowdfunding and we will see many more coming up I wish the success of this project review sites are one of the support systems of the Cryptocurrency casino industry and they are a big help in weeding out bad actors and a bridge to casinos and players, they have something unique to offer to the industry lets see if they can pioneer this.

We are delighted to update that we have our first Chip offerer joined with 5 Chip!
Spreadsheet updated (https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing)
Note: Revenue sharing percent will change overtime.

https://media0.giphy.com/media/l3V0dy1zzyjbYTQQM/giphy.gif?cid=ecf05e477mc9o8vf7drkjouxy29mzpcf6dan98kdad32bzv1&rid=giphy.gif&ct=g

We have updated the F.A.Qs section with your question. Thank you again.

This should give you some idea :)
But please have in mind that nothing is guaranteed. There are always risk involved in business no matter how hard we work.

When project makes money Chip offerers will get their share since the 10% is revenue sharing which does not include any cost like salary for employees, budget for marketing, development etc. We have separate budget for all sections.

We studied several sites who we can say leading the industry. An exclusive summary is on our IBCO site. Please click here (it's better to avoid copy pasting). (https://ibco.casinocritique.com/#industry)

For the Chip offerers and shareholders, we already have our revenue collection Master Public key, IBCO participants can use this Public Key to create a watch only wallet. Every month we collect earning from all affiliate sites and any earning from on site advertising. We send all collected earning to the reveue collection wallet. So it's all transparent. Yes there are some sort of private things like how much we earned from a casino affiliate since they can not login to the accounts. In any case we will share video, screenshot with the shareholders if they want in extreme cases.

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We will address more responses later :-)

As I understood from the roadmap, receiving interest from participation in IBCO begins in the second quarter of 2023, and I also did not understand whether to sign a transaction or not to participate in IBCO for investment, is Trust wallet suitable for this? Thanks

As long as you have the private key of the address you will send the Chip, you can use any wallet software to sign the bitcoin address if you want to change the revenue receiving address in the future. Since all anonymous, we will not know you sent the Chip unless you tell us somehow that the address is yours.

We hope you had your answer.

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We are still legging behind to answer many posts above. We will address them soon :-)

OK, thanks for the clarification, but what about the chips, will they be coins or just something like shares simply tied to specific addresses of IBCO participants, on which dividends are accrued as a percentage of the participant's amount?

Chips are the BTC someone is going to invest. For example, 1 chip = 1 mBTC. In return, investors will get 10% of the monthly revenue from the site. If total revenue is $1000/month, then investors will receive $100 and this will be distributed among all the investors in term of their investment percentage. And they will be paid in form of BTC in the same address they will send the chip (BTC) from.

Casino Critique, I think your Hard Cap/Soft Cap needs a little more explaining. I understand that your soft cap is 1BTC? You didn't explicitly state that anywhere, but that's what I gathered from your posts. What happens if you don't reach the Soft cap?

Furthermore, I completely failed to understand this statement, so if you could explain it a little more clearly that would be great (maybe with some concrete examples and calculations):

Interesting concept! You have hired/selected some reputable (or well known) members of bitcointalk forum for your project. It is going to help you to gain trust of the forum members from the initial stage.

But who are you actually?
You are the leader of this project, isn't it? The admin panel access of “Casino Critique” will stay under your control, isn't it? You are going to be the only person who can check the affiliate account stats at each gambling site. Or the team members of this project will have access on these section too? How the investors can verify the affiliate account commission stats? Aren't the team members of this project going to invest anything in it?

Hello FatFork.
Right now we are looking at a total of 2.5 BTC
(We will have an urgent meeting today, we may change the asking total or may decide to stick to it. Today or tomorrow we will have an update for everyone.)

0 to 1 BTC is considered Softcap and obove 1 BTC to 2.5 BTC is considered Hardcap
Anyone send Chip, depending on which slot they are their share from the 10% revenue pool will be determined.
After checking your response and some other response, we have made a little change in our Terms page to make this clearly described.
Please read: https://t.me/CasinoCritiqueChat/65
I hope now it describes clearly.

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Thanks Mahdirakib for few good questions to ask and give us the chance to explain.

The main admin panel of Casio Critique in under two persons control. Others have their own roles to mange contents.

In some cases others in the team will be in possession of the affiliate accounts too. We trust each others there are no trust issue.

When anyone has any doubt and if they express it too us then we are fine to give them a video screencast of affiliate panel or a form of screenshot etc so that they can see the actual figures. All withdrawals are in specific wallet which Public Master Key will be shared to them too so they can see the earning in the wallet from all sources.

Everyone is free to join the IBCO since it's anonymous. We will not know who is the participants unless they tell us in person or in public.

Cheers

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We will address others in the coming posts :-)

Yes, it's much clearer now. Thank you.
I have to do some calculations now.  ;)

Considering someone is going to send 100 Chip. How long it is going to take to expect the return of the Chip. I understand we do not know future but a demonstration will be nice.

When and where can we find the key?

Looks like you guys might need to rethink your marketing plan. So far still only 1 investor for a small amount. You guys need to have an internal meeting and figure out why noone is investing and decide where to go from here IMO. I'm sure you already are especially with some of the names I see involved.

You are right and Chief had two meetings earlier. I don't want to add a lot of information from the meeting but seems like, total plan will be changed and for few days. Marketing plan is in action. Chief is taking ideas and gathering them all and discussing which one will be best. Soon, the plan is going to be executed.

I suggest to make a partnership on launchpad to secure enough liquidity to fund your project proposal. There’s only few investor on forum nowadays because most of the investors already migrate on launchpads for secure IDO funding. I was planning to invest at the end of the month after paying my loan but too bad the funding was postponed despite there’s still have time on the countdown.

Best of luck on your venture.

Thank you for your feedback.
In launchpad they offer token and things like this. Unfortunately in our structure we are not issuing any token or such kind of things (but we are trying to find a way). We don't know if it is possible to create a smart contract that will take bitcoin addresses and allow us to allocated the percentage of the revenue sharing pool for the IBCO offerers to send their share every month in BTC. If such thing is possible then we would like to tokenize the the Chip but right now we are depending on Google spreadsheet to do our calculation. We are in the process of gathering information.

In the new Chip metric (it's not final yet but a rough calculation), we are considering total of 9999 Chip in circulation.
We will have two rounds of IBCO.
Round one will be open for 5000 Chip. We will sell 2500 Chip and 2500 Chip will be given as gift. Buy 1 Chip have 1 Chip as gift or you can say buy one get one free.

Again it's not final yet. We will check pros and cons before relaunching the IBCO.

We will keep you all updated.

Thanks again.

I don't think that those review of gambling do help anybody to notice the best gambling website that is supposed to play a bet so what does review course is that they do attract people to go directly to the platform to make a deposit because they are paying those participants who is qualifying their platform so what I believe is does casino platform that does not do any reviews to get customers

It’s because there was a change in the fundraising goal as the previous one is less than what the project need. But you know it's better to say sorry than be failed. I think the decision is a good one for the overall future of the project.

Can you make a summary of your post? I can't really understand what did you say. Pardon me if I'm missing something.

Well, let me crunch the numbers.

Current BTC price is about $21K.

Donating x BTC amount will generate monthly returns of x/10 that amount excluding free chips. So the investment will pay itself off after 10 months.

Now 0.01 BTC is worth about $210 at these prices.

If somebody invests a 0.01BTC chip, they will get 0.001BTC or $21 monthly returns. After 12 months there will be a net profit of 0.002BTC or $42 at current prices.

After 24 months there will be a net profit of 0.014BTC or $296
After 36 months there will be a net profit of 0.026BTC or $548
After 48 months there will be a net profit of 0.038BTC or $700

But after 24 months, the 2024 halvening will be in full force. So by 24 months or 36 months, Bitcoin prices can easily reach 4x the level of this bear market in the most pessimistic case (we are currently 4x higher than the bear market price of $5K in 2019, and we are also in another large bear market).

So after 24 to 36 months, 0.001BTC can easily be worth $84. And 1BTC = $84K.

That means, assuming you don't sell off by then:

After 36 months, a net profit of $2190
After 48 months, a net profit of $2800

Sounds decent.

What if someone invested $500? Well that's a monthly dividend of 170-ish dollars in halvened prices, then after 4 years where would be about $5.something thousand or so. And $1000? Then 340-ish dollar monthly dividend after 4 years you make $10K.

If you get a free chip for a single chip though, you will obviously get double the returns I calculated here.

This post is not investment advice and I am not responsible for any financial decisions you make because of this.

I think you got the wrong idea about this investment plan. This is not an investment plan where you will get back a fixed percentage of your invested amount in every month. Actually, it is something like purchasing a small share of a company. And the company is going to give you a small share of their monthly revenue.

Casino Critique is going to be a crypto casino review making site. And their main target will be to gain commissions through the affiliate system of online casinos. You will get a tiny share of Casino Critique by buying the chip, and they will give you back a small percentage of the affiliate account earnings. No one can give the guarantee that how long it can take to gain profits from the invested amount. Therefore, the 10% return doesn't mean that you will receive 0.001BTC every month after investing 0.01BTC in it.

is there somewhere a little more serious analysis of how to get to such nice numbers when we talk about earnings?
how much money is needed for all expenses, and some plan from where the profit is expected. As will the majority of investor money collected through IBCO will be spent on salaries during the development, I would say that what will happen after spending 2.5BTC (planned hard cap) is important.

I was thinking more about using this to cover my monthly infrastructure fees, than actual investment income.

I pay about $100/month on average for my different services (e.g. the server that hosts my website). So, to me it's more like a one-off fee to subsidize my monthly service fees (eventually, when they become profitable), a 100% off coupon that has a delay-trigger in it.

Casino Critique has already postponed their previous investment offer. Based on their last post, they will open it again by making some changes. The return will work like this if you follow the previous investment plan.

Let's assume, Casino Critique received 1BTC commission from their referrals in a month. 10% of the revenue is 0.1BTC. Soft cap investors will get 60% from that 0.1BTC, which is 0.06BTC. Hard cap investors will receive 40% from that 0.1BTC, which is 0.04BTC.

If you invest 0.01BTC in soft cap bankroll and received 10 chip shares, then your return will be= Your total chip × (soft cap revenue/soft cap chip) = 10 × (0.06/1000) = 0.0006BTC in the month.

If you invest 10 chip in hard cap, then your return will be = Your total chip × (hard cap revenue/hard cap chip) = 10 × (0.04/1500) = 0.00026666BTC in the month.

Note: Casino Critique revenue will depend on the wager of the referrals. So there is no guarantee that how much commissions they will get in each month. Everything will depend on the referrals gambling activity. It can fluctuate in each month.

Whitelisting for IBCO is LIVE!
Please whitelist to get priority at ROUND 1 Chip sale. Read details: https://t.me/CasinoCritiqueChat/90

⭐ FREE Chip for BCT members ❤️‍🔥
Only for first 497 Bitcointalk users.
No string attached. It's really a FREE gift.
Buy minimum 1 Chip. In ROUND 1 you get your usual Buy one Get one FREE and in addition eligible bitcointalk users get 1 additional Chip.

Eligible conditions:
1. Whitelist your Bitcoin Address.
2. You are required a Proof of Authentication on this thread with the Bitcoin address whitelisted.
3. Sr+ rank members only.
4. You have to have at least 250 earned merit, from which 10 merits in last 120 days in gambling board.
5. No valid DT negative feedback. If you have a DT negative feedback then please check with us first for permission.
6. No Multi Accounts. If caught then we will request DT to tag all accounts connected.
7. Active (made at lest 20 posts) in the last 30 days of posting the proof of authentication, from which at least 10 posts in gambling board in last 21 days.
Posts need to be at least 160 character long and good quality. No post bursting.
8. Casino Critique team has the full right to deny or accept anyone for the FREE gift promotion for BCT members.
9. Team have the right to invite known gamblers, Bitcointalk members or ANYONE to this FREE gift promotion.

More terms and conditions: https://ibco.casinocritique.com/terms-and-conditions/

Whitelist form: https://forms.gle/zV6YmwwJBc3ewKkV8
Chip allocation detail spreadsheet (Updated few times a day):
https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing

Optional but feel free to perform if you would like to thank us 🤝:
Follow and Join:
Telegram Chat: https://t.me/CasinoCritiqueChat
Twitter: https://twitter.com/cCritiqueOnline

My question is, do we just fill the form, wait for the next information, and then send the fund because I see a bitcoin address that needs to be filled in, or is it really a Free Gift?

Or can you explain for more details about this? I can fill out the forms because I am curious about the system and want to see the benefits for me. Oh, by the way, how if we do not join your Telegram channel or Twitter? Can we do that?

You can send Chip if you would like to even before our Round 1 Starts. For round one we have 5000 Chip. Please check Chip Mertric: https://ibco.casinocritique.com/#expensemetric

FREE Chip for Bitcointalk member is really free, absolutely free.

Please be sure to whitelist your Bitcoin Address not to miss ROUND 1 sale. We will give priority to whitelisted bitcoin addresses.
This is our whitelist form : https://forms.gle/zV6YmwwJBc3ewKkV8

I reserved 30 chips (got one extra from CC as can be seen in the sheet).

Let's see how this goes.  :)

EDIT: Now I reserved 40 chips. 40 is a nice number. Bookmarked the wrong link (the Main form instead of edit response). Consider my first form invalid.

Well, it seems to me that you will have the opportunity to purchase more chips, the form is not a document limiting your purchases, but simply to indicate your intentions, circumstances can change in any direction. :)

From one Bitcoin address maximum we are allowing 1000 Chip, which is a lot though (may be not for whales LOL) since we are not in year before mid 2017 :-)

As confirmed in the PM, it has been updated. Thank you.

I am interested in a free chip but I haven't just this requirement :( ( I think just few users have these numbers ::) and 497 free chip is a real large number)
did you plan to review this criteria? it could be a chance also for other people interested....
there is the chance to join as a team member (I am still a sport gambler https://bitcointalk.org/index.php?topic=1234109.0 ) your project?

I would love to offer you a FREE Chip even if you do not meet the criteria. Please feel free to drop a BTC address so that I can add you to the spreadsheet. (https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing) The requirement is high to ensure that people do not abuse the opportunity. We want dedicated bitcointalk members to receive our gift. So, anyone if they are interested then request for a Chip, if we see value then we will not hesitate to send the gift.

Right now team is full however after the IBCO we will hire people to speed up our content creation. We will need many manpower then. Please stay updated in our Telegram Chat (https://t.me/CasinoCritiqueChat). We post updated there regularly.

wow thank you so much for this generous action :) much appreciated... and thanks for explanation, you're right I understand your point of view.

I allow myself to give a suggestion, also create a topic in the gambling section to start having some visibility in the section (it is rare to visit this section of the forum (https://bitcointalk.org/index.php?board=78.0))...thanks for TG chat I have just joined :)

please find below my bitcoin address, and again, thank you.

1 Chip added next to your name :-)
Enjoy it. Check here. (https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing)

This topic was originally posted in Gambling Section but unfortunately mods decided to move it to this section. It make sense though because they are considering it as investment for the IBCO phase. Once our main platform is ready we will have an ANN on the gambling section.

OP, I saw you started looking for adequate people for promotion, influencers, TG users...
can you consolidate all the information somewhere so that we know all your current activities? I believe it can help your potential investors, why not.


it's strange that this ended up in the Securities section. always learn something new on this forum  ::)

Should you need a skeptic and/or someone who might be able to write very clean copy in English for your website (I looked it over and there are parts that could use some touch-ups), I'm available for the right price.  I must warn you that I'm no $20 ho.  No way I'm getting involved in anything shady, but I've never been involved in any crypto projects before and given all the names already on board, this looks like one that might be a good first.

That said, I don't quite understand your business model fully--though that could be the caffeine blood levels dropping precipitously.

If you're still giving away these freebie chips, could you add me to your spreadsheet with bc1q9spy85nxzpy26afaseng8sk4rcst64adue98a6 as my address?  Thanks, and I'm keeping my eye on this.

Casino Critique thank you for sending me invitation and offering one free chip, even if I probably don't meet all off your strict conditions.
If I choose to purchase few more chips in future, can I just send bitcoin from any address or it must be sent from same whitelisted address I posted below?

This is my bitcoin address for adding in spreadsheet: bc1qnxck7eyelfeyuzxsk7lqravxyvtu4qp642dnx3

Added the FREE Chip for you buddy.
A whitelisted address will be given priority in case we are able to sell excessive Chip. All excessive Chip will be returned. So I would request to fill up the whitelist form (https://forms.gle/zV6YmwwJBc3ewKkV8) and whitelist a BTC address. Once you decide to send bitcoin for Chip then send it from the whitelisted address.

We are working on a Pitch Deck and once done we will add it on our ibco website. (https://ibco.casinocritique.com/)
For the main platform we are thinking to create an ANN on the gambling section and in the next post of the ANN we will post updates and will try to keep everything in one place. It's a nice idea you just gave us. Thanks.

Address added bud, you got your Gift :-)

Remember few weeks ago I reached out to you from my personal account? It was because I know you are a native English speaker and we need people to do our proof reading part. We already have DaveF but unfortunately I was not able to update him yet (all my fault Dave). We can use your help too. I am sure you and DaveF will bring us good value if we agree to a term. Please contact me on my telegram: @CasinoCritique

Yes I do, though I didn't know you were one and the same--and immediately after writing my last post I thought about replying to your alter ego via PM....but didn't.

Oh, telegram!!  The service I advertise I don't use right in my profile.  Well, there's an impersonator with my bitcointalk handle on there, so let me see what I can do as far as contacting you there.  I think I still have an account, but I know I deleted the app.  I am an accomplished scribe, a noted scholar, and my last brain MRI showed that my skull is not in fact filled with chewed bubblegum as I'd originally suspected. 

In other words, I'll figure it out.

I guess you already did. Received a PM possibly from you unless this is an imposter. I am waiting for you to confirm it in the PM of this account.

Cheers,

https://i.imgur.com/li1ZoSe.png (https://ibco.casinocritique.com/)

We made some changes in our Terms & Conditions. Please read details in our Telegram Chat: https://t.me/CasinoCritiqueChat/215
Update effective immediately from this post.
More details on our terms page: https://ibco.casinocritique.com/terms-and-conditions/

Thanks

Ok, so it's taken me a while to understand this. I don't know if it's because I am tired.

Here is my address.

bc1qff0f9dupy59yr4ck54mmv2hfdu68tvze7v2yfa

Thanks for the offer.

That's why for the IBCO we have assigned an escrow team. All funds will be collected in a 2 of 3 multi-sig address and escrow department will monitor all expense. So even we are a group of reputable members, we are not asking anyone to trust us blindly. However there are some places where at least some sort of trust indeed needed.

For example:  
1. Revenue collection from Casino websites: It's impossible to give access of the accounts (many accounts) to anyone. So in there you will need to trust us that we are not going to hide any income. However there are ways to show that we are not hiding anything. On request we can share screenshots of a particular account even if needed then we can screencast an account dashboard. I don't think many will ask that but if even they do, we will stay clean by providing evidences.

2. Ad selling: All revenue from the add selling will be collected in BTC or LTC wallet depending on the payment method the ad buyers will feel comfortable. The public master key of the wallets are available, means everyone can check the incoming and outgoing transactions. But questions could be how do anyone know from outside how much we got from a buyer. We might paid us $3000 for three months ad slot but we can book keep or tell them send $2000 to one address and $1000 to other address which is not public. We will not do that. Ad buyers will be notified the master key too and will exclusively request then to send the known wallets.
Bitcoin Wallet Master Public Key: zpub6naVBGRSpS9yZB8iNXwXh1BRHmj4waSyXVW42UD8ozFMc6p9mXwKt4GR2dNLfto2tZvtF3pyzto myd9fBTCxxJwkjUvZiJRvzXHEJHRXeDs
LTC Wallet Master Publick key: ypub6YFmFJDzfeSteubZtR8aecArHaXAUwpkkddeRSmT9eSEAGyJA4FKSfmSa7ixNwJBMxpQyPj6u8Q bpM2vLMMDLyzDTJTaW82ShGjLx8ePLuh

3. Other revenue streams: Well in business there are some sort of trust always needed but we will try out best, take community suggestions to keep things transparent as much as possible. It does not require some rocket science intelligence to be transparent as long as there are good intentions.

You can buy minimum 1 Chip to 1000 Chip. 1 Chip costs = 0.001 BTC however in private sale we have 50% OFF in a form of Buy 1 Get 1 free. In public sale 1 it's buy 3 get 1 free which is 33.33% OFF than regular price.

We are going to share 10% revenue that we will make on the platform.

https://i.imgur.com/356baLD.png
This is a screenshot from the draft of the Pitch Deck we are working on. Once complete we will share the pitch deck in our website and everywhere.

The similar sites are making $2M to $15M per annum. Our goal is big like them and to be one of them in the future. It will take few years. 2027 is where we are looking at. A project depends on many factors, the road will not be so smooth but with a single goal to be one of the best, it's not unachievable too.

But anyway, say we are making $100K per month after two or two and half years.
10% is $10k per month. Which means for each chip it's $10,000 of 9,999 Chip which is around 1 in USD. Considering btc at $20k today 0.001 BTC is $20 which means to get the return it will take 20 months, around 2 years. Don't exclude the earning before even reach $100K per month. So you can expect the ROI in a few years before enjoying the long term benefits. Obviously 1 Chip is too small to get in. A 100 Chip for example can earn you $100 per month. So it's up to the Chip Offerers how would they want to play with their numbers :-)

Note: We will collect earning in BTC and LTC form, the fiat used to make the details easier.
Additionally please check this spreadsheet: https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing
All Chip are logged in this spreadsheet.

Update: Gift Chip added for you on the spreadsheet.
Please enable notification for this topic which will allow you to get notified for any update we will post in the thread.

Cheers,

Ok, so I take it that with those numbers you are projecting that the market you are entering into will at least remain similar to what it is now and will not decrease, I understand.

Statistically the gambling market is becoming bigger as we speak. In the pitch deck we have a slide about Market size and forecasting about the industry

https://i.imgur.com/SQVccEm.png

I have been rereading about the project and here are some thoughts:

I would imagine that the margin at which this market operates is quite high, so that distributing 10% does not pose a threat to the finances of the business.


Being a project without KYC I understand that this has to be done to some extent, but I think it would help transparency to publish the accounts, perhaps annually, without having to be excessively detailed, but at least that investors know the total expenses and total income and which ones fall into which category.

One of the things that often causes a start-up business to fail is having too many fixed expenses. Starting with $130k of fixed monthly expenses in salaries alone seems too high to me. Wouldn't it be better to start small with 5 or 10 people and add as you go along? What would be the minimum total monthly fixed cost for break even with all costs included? If I understand correctly, you expect to raise approximately 10,000 chips which would be about $200k, which would give you first month's expenses. Am I missing something here? Are you expecting to generate considerable revenue from the first month to cover those expenses?

In order to consider a serious investment, apart from these issues, I would have liked a more moderate forecast of market growth.

This was not in the mind until I read it.
Although we are maintaining a spreadsheet to log all incoming and outgoing income/expense. In future we will hire an accountant to do proper accounting and share it annually as audit, additionally from blockchain transactions anyone can verify any transaction instead of blindly trusting the audit report. Before we have a proper accounting department we will manage it in discord.

So here is the idea. Since we need to be transparent to our IBCO participants who are joining us sending their bitcoin, we created a private discord channel accessible only for the participants.

The participants will join an open sever: https://discord.gg/yT22B4hzEd
They will sign the bitcoin address to prove that they indeed joined the IBCO
We will add them to the private server.
In the private server we will publish affiliate account information, add revenue information including all other information that should be known for them to see our activities and progress.

Yes we are aware of that. For this reason right now in our team we have only founding members. And the founding members are skilled in their own section so they are going to take care of their sections by playing their roles to bring the project live. As we grow we will need more manpower and depending on the need we will hire staff to support the departments. It's to minimize costing and to use the funds wisely.
However there are some external expenses which are covered by core team members and when needed we are taking service from specialized professionals and paying them contract basis.

We are selling 7,000 Chip so looking for 7 BTC in total. 3,499 Chip we are using to reward as bonus and promotion. Team is holding 500 Chip.
In case in future if we need more funds then we will sell the Chip that team is holding but possibly in higher price. But after a year if we see that we really do not need anymore funds to continue then we will burn the Chip and in that case the 10% revenue share will be calculated against the remaining 9,499 Chip.

Last but not the least, I think you misunderstood the competitor case study. The funds we are raising are to cover expense for 1 full year, the total is not monthly cost. In this one year we are expecting to make a position where we will be able to generate good monthly revenue to create cash flow for the business.

Two days ago Yahoo Finance wrote a column (https://finance.yahoo.com/news/online-gambling-market-size-projected-165000752.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKtDWyWwffiYYqhn-XLikFW9PxUFL9_VbypS2N6AP4LGeKAq8TsqgtWWAAeXT4BmOlzjluOeB7u3f52-ygWJJKbnyUhEAgMhUMikp_NVM_X7lDbk4I5pclaM8KVNr10CeCTSYRX2x45LCjF0A8IwOoLIS3gt9MgMk3KwaLZEfLZg), it featured Straits Research. In Straits they claimed the industry is growing at a CAGR of 11.7% and the market size is projected to reach $130 B in year 2030.
Here you can have a good reading : https://straitsresearch.com/report/online-gambling-market

There are many other market research companies and more or less everyone has very similar CAGR which is from 11.7% to 12.5%
In our slide we considered data from Stratview Research.

Some opinion:
Honestly writing, I am very happy to see the level of questions you asked. If more people check deep and ask questions then eventually it helps us to improve and think better. I appreciate the thought and effort you put on the above post.

Cheers,

I have one last question, for the moment. When is the 21 day chip sale period scheduled to start?

I will think about it and maybe I will acquire some chips considering that it is a risky investment as it is a starting project. It can give a good return if the thing goes well, but investments that have a high potential return are also inexorably linked to a high risk.

We are planning to start reaching out to the personal contacts for private sale.
Once we will meet our goal for the private sale then we will start our public sale officially.
Currently we are revising our contents (checking spelling errors, grammar on the IBCO website, pitch deck etc). Once the contents are revised then we will design the pitch deck to presenting graphically. In the mean time we may work on an introduction video too. Once all these are done then we will start approaching our personal contacts to offer private sale.

If you are interested to join IBCO then you can join the private sale. In fact private sale is open for anyone.
In private sale we have buy one get one free offer which is basically 50% off than regular price.
In public sale one we have buy three get one free offer.

There are risk involved in any investment. Point is if you are 100% convinced? If you are then you are welcome to get onboard. :-)

Cheers,

Seeing that this means we are technically in the private sale, how exactly are we supposed to participate? By sending you a PM?

You do not need to contact us. From the blockchain we will collect btc address.
Please send the amount of btc you would like to participate with to the escrow address and we will collect data from blockchain to log your chip on this spreadsheet: https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing

Cheers,

Is it possible to know at any given point how many chips are left in the private sale?

Yes it's very easy. You can check it from this address:
https://blockchair.com/bitcoin/address/bc1qy330f4q0fnavnw66lzysrx583ts0the7yyx049xclrs2zq52g87s4fy5xy

Anything from:
0 to 1 btc is considered for private sale. (total allocation 2000 Chip as buy one get one free)
> 1 btc to <= 4 btc considered for public sale 1 (total allocation 4000 Chip as buy three get one free)
> 4 btc to <= 7 btc considered for public sale 2 (total allocation 3000 Chip)

Anything above 7 btc will be returned back to the senders who sent it late. Transaction fees will be deducted.

We made some minor changes in our IBCO Terms & Conditions page. Mostly editing to fix spelling and grammars. The PGP signed files were updated too. Please read the updated Terms & Conditions the page: https://ibco.casinocritique.com/terms-and-conditions/

Any ideas on the presale starting date ? when will it go live

I don't want to be the spoilsport but it seems to me that there is an elephant in the room that most see but no one talks about. And it is simply that no one in their right mind is going to invest in a business that as of today generates $0, which is just an idea.

If they came looking for funding after they had started, and generated some money, maybe someone else would be encouraged. No wonder the bitcoin address has received only 0.005 BTC. And they are talking about $130k in salaries per month? I as an investor wouldn't mind contributing to pay those salaries but to someone who proves to me that they make money, not that they just have an idea.

If the people running the project think they can generate that much money just for salaries and more, what they need to do is start, prove they make money, and then and only then, if they need more money to scale the business faster or whatever, look for funding.

I don't know if you have seen Shark Tank but the most important thing the sharks consider when investing is how much money the business generates. Ideas that do not generate money today, no matter how good they may seem, do not usually attract investment.

I do not want to point out only negative points, because I have to say that the project seems honest, although naive perhaps, well worked and well presented.

But something else comes to my mind: it is said that there are reputable people in the forum involved in it. I doubt very much that the reputation in this forum from which they can disappear whenever they want is worth more than 7 BTC.

Very well said. I think that this idea comes from the ICO era, where projects used to gather investment while the project was being built along the way, and we all know how those went.

That's probably why it's called IBCO.

I would like to clarify one thing I said in my previous post.


In the case of the two escrows other than Casino Critique, I think they would have quite a bit to lose. They have a great reputation and in the case of Hampuz he manages a lot of signature campaigns so he should earn a lot of money.

But we are in a section that says at the top of the page:

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

I could easily invest between 10 and 100 chips if it was a project as I have already said: that has started, that can somehow show that it makes money in a growing way even if it is little and that to grow more it needs funding.

But just like that, no. I wish all the people involved in it and potential investors luck.

@P2PECS, feel free to ask any question related to our IBCO I would be happy to answer it.

Around 30% contents of the main platform is ready. As per our roadmap we will launch our main platform in time, if things are done before the time given in the roadmap we will lunch it without waiting, after all main platform is our key business.

The IBCO is not as important as the main platform for us. If we are able to raise the required funds then it will support us doing our tasks/marketing smoothly without worrying about lack of funding and managing it from own pockets. This means if we do not have the successful IBCO then the project is NOT going to stop. Our team members are aware of it and they understand it fully. We are proud to announce that most of us are like minded onboard. The success of the main platform matters most for us over the success of the IBCO.

---

IBCO update
We are still working on some elements of the site like designing the pitch deck. We may introduce a promotional video too but that's not priority. Once the design of the pitch deck is ready then we will reach out to personal contacts who are not aware yet, to offer private sale. In the mean time if anyone wants to join our private sale then they can send Chips. In private sale our cap is 1 btc which means we are selling 1,000 Chips. Additionally 1,000 Chips will be used to give as bonus. We have buy 1 get 1 free offer for this phase. In private sale total allocated chips are 2,000.

Anything over 1,000 Chips ( >1 btc to <4 btc) sold in the private sale phase, will be considered for public sale 1.
Please check more details on IBCO metric (https://ibco.casinocritique.com/#expensemetric) section

There are 11 forum members mentioned in the OP promotional material. Three are escrow and eight others.

Is that whole lot or are there any others that are part of the team/project but are remaining anonymous?

Hello community, please be aware of the above.
Please do not send any chip until we provide information of the new escrow wallet.
Sorry for any inconvenience.

Please follow the following quote too to read update about new escrow setting we are working on.

Right now we put only those who we thought are necessary. In time we will have others listed in the IBCO site or in the main platform again when we will think it's necessary. If they are placed then you will have the information that is available publicly.

How is it you expect to raise funds when you deliberately avoid naming all the names associated with your project? Mostly, investors need to know who they are dealing with before they part with funds.

It raises the questions as to who really is behind this project and what your motives are for hiding their association. It also leaves a void knowing what their role within the project is and how many of the pre-sale tokens will be divided up for their expenses.

Of the 11 members you listed, can you give a breakdown of which member will receive how many chips percentage-wise from the pre/post sale chips as remuneration for their input?

To answer properly, I am dividing your questions into two parts.

Have you noticed that we have an escrow team to handle the funds? The cosigner of the escrow wallet are aware of the team members. Besides many of our team members listed are well-known too. If an investor doubt this setup then we don't think they are really looking to participate in the project but looking for an excuse not to. We can not satisfy them with anything else.

On the other hand, we are not pushing anyone to join our IBCO. If anyone wants to be a part of us then they are welcome but if they don't then it's fine. The success of the project is NOT only depending on the funding. Our goal is to be one of the leaders within 2027. With a good funding we are expecting, we can achieve it in time. But that does not mean without a funding we can not achieve the goal. We can. The difference is, it may only require longer time.
 

I think you missed or failed to understand our chip metric. You will find it here: https://ibco.casinocritique.com/#expensemetric
Chip are not any token or backed by blockchain, although we are thinking out any possible way if we can have it in blockchain but with btc we don't know how it's done.
Consider them just as a unit which helps us to make our calculation easier.
The maximum supply of these unit/Chips we are considering is 9,999
In the IBCO we plan to sell 7,000.
Each Chip unit means 0.001 btc that makes 7 btc for funding.
2,000 Chips out of the remaining 2,999 will be used to give bonus in private and first public sale.
499 chips out of the remaining 999 will be used to share with the community and to use in other promotions if requires.
Finally 500 chips that we are saying team is holding.
By saying team is holding it, we are meaning we may or may not use these chips in the future.

It will be easier if we use numbers to explain.
Consider we were able to sale all 7,000 chips in this IBCO. With bonus and promotion we will use 2,499 chips too.  We are working in the project, everything is going well, all are happy but at some point we realized that we need some more funding, we will use those 500 reserved chips. But if we do not need any more funding then after waiting few years we will just burn those chips. In other words, we will declare that we will not use those chips anymore. The used 9,499 chips will be then considered for 10% return pool for the IBCO participants instead of the original 9,999 Chips.

In summary, my answer was supposed to be:
1. No individual team member is receiving any chip before or after any sale.
2. No individual team member is handling any funding before or after any sale.
The record of our chips will be found in this spreadhsheet: https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing

I have some questions. You claim the new escrow set up will have better security and transparency but why are you are not transparent enough to comment on reasons why two escrow team members are unavailable and whether any of the escrow agents (as they call them) will be replaced.

Will the three founding members be listed in the promotional material or will they be the ones remaining anonymous and not giving their names?

You will need to wait for our next update to know who is going to be replaced. When we  are ready we will announce.

Why are we not transparent enough to comment on reasons?
They are unavailable, that's the reason that we know and it's enough for us instead of pushing them and launch an investigation against them. These are some highly respected forum members and we give them the value they deserves. They have full right to back out. Feel free to reach out to them and ask if they have other reasons and share with us please if you find other reasons for it.

Wait for updates please however isn't it a none-valid question? If all three members are anonymous then why would anyone will trust the setting. It could be same person holding all three cosigners key. Of course none will invalided the setup.

It seems you have lack of understanding how a multi-sig setup should work. You will just need half an hour of research to find articles online and understand the process and psychology behind a multi-sig wallet.

Please feel free to continue with questions that should be worth our time to response.
Thanks.

So you were not transparent enough to mention why they were unavailable but now you are saying they have backed out. Being unavailable and backing out are two different issues.

Get your story straight and start being both open and honest if you want to have any chance increasing to the 0.005 BTC ($95) that was sent on 18th August 2022 and sits in your funds received wallet: https://blockchair.com/bitcoin/address/bc1qy330f4q0fnavnw66lzysrx583ts0the7yyx049xclrs2zq52g87s4fy5xy

I understand very well how multi-sig wallets work and feel free to not answer anything I ask about  ::)

I am not surprised by your lack of relevance when replying and next time you do reply make sure you actually reply to the points raised otherwise it will be a waste of time reading it and portrays your casino critique project in an even worse light than before.

Please explain, where is the lack of transparency?
May be we both are having difficulties to understand each others. This could be language barrier, I don't know.
When we say they backed out we say the reason for it is they are NOT available, they have busy schedule ahead. So it's not clear what else you want to know? Besides you are free to ask by yourself the reason from the two cosigners. It's not difficult at all.

Our story is straight forward and honest. To be transparent of the fund handling we have escrow in place (new setup will be available once ready), to be transparent in revenue collection we have multi-sig wallet between team members. What part is not straight forward? No single person is handling anything related to finance. What makes it to look bad?

It's hard to understand which part is irrelevant for you judging by your questions you are asking. All relevant information are on the website. Please get to know yourself.

Your understanding was in question because you were thinking the all three members will remain anonymous. How would it be then an escrow at all? I hope you understand the invalid point you had in your realization.

It's a waste of time for both of us unless you ask relevant valid questions that matters to answer. I hope we both agree in this.

Yes there was a misunderstanding, you misconstrued the question as it was not related to all three escrow contractors, either way it is not an issue. I can see now why there was a confusion.

I will probably reserve any questions for another time depending on whether there are any new updates or announcements from you, or something significant is mentioned here.

See why there was a need for the English on CC's website to be cleaned up?

I'm still remaining neutral, but how is it that two escrows can suddenly become unavailable for a job that doesn't require them to do much of anything at this point?  Are the funds (that 0.005BTC) under one person's control or what?  It seems odd that anyone would leave a project that they were an escrow agent for before it's even gotten started, or two of them would simultaneously become unavailable, as OP put it.

If they're being replaced, it sounds more like they didn't want anything more to do with Casino Critique than they're just too busy. 

Absolutely yes and your hard work proof-reading will be beneficial  ;D

Was it a change of heart or a difference of opinions that led to their departure? What is the problem if the OP actually posts relevant information which would stop questions being asked in the first place. Does anybody know which two escrow contractors are leaving?

For the sake of full transparency the OP should have clarified this the moment they knew something was changing.

In my opinion the onus was and is on the OP to provide honest updates because if they are the ones operating this project they have a duty post regular updates.

I was wondering those same things in my last post, and I'm not quite sure why that info hasn't been disclosed.  But since nobody has told me to be quiet about the content of the communications I'm receiving I will say that I was asked to be one of the new escrow agents.  I turned that down, as I don't have enough information about the project's details, e.g., how exactly they're going to proceed in the event they don't raise as much capital as they need, how they plan on turning a profit, etc.  

And the most important reason: I don't want my name involved with a project over which I have no control and basically don't know anything more about than the rest of the public.

Hopefully the official CC account will do just that.  However, I don't think I'd be alone in thinking the wheels are coming off this project as we speak--and not in a scammy way, just in a business sense.  There's still only 0.005BTC that's been used to buy chips, whereas the goal apparently is still to raise 7BTC.  If that's the amount needed to get the project rolling, I suspect it's not going to be achieved.

What should be clarified immediately is whether the funds CC currently has are under the control of a single member or if there's still an escrow system in place whereby those funds can't be spent unless there's an agreement between multiple team members.  That info would either ease people's doubts or increase them, but it's something that should be made known.

If Casino Critique claims here that LoyceV and The Pharmacist is the official escrow of IBCO, would everyone believe this or looking for verify? It works same when previous escrow stepped down. They have signed a message claiming to be the escrow of the address shared in the OP. I would value their words than anyone else. It's their choice to step down. Where's the need of sharing why they stepped down? And of course, we didn't look for the reason because it's irrelevant.

The fund currently CC has is still in the same address where it was sent. That means both the previous escrow have access to the fund. Unless there's a new escrow is fixed, the fund will remain there.

This is a 2-of-3 signature security thing you've got going here, right?  It would be very concerning if the two escrows who either left or don't have time to be escrows still have that much control over the project's funds, wouldn't you say?  And I'm not sure what you're saying: what happens if new escrows aren't found?  Are those two team members going to be the escrows after all or is control over the funds going to be distributed in some other fashion?

What's going to happen to the 0.005BTC if that's all that's raised?  Is the team going to try to get the project started, will refunds be issued, or what?

In no way, I will appreciate team members to be the escrow here for IBCO, even if escrow includes myself. If that's what is decided, I'll also step down from the project. Team hasn't yet fully decided what to do in such a case but we are internally discussing for the last few days.
The project will be continued regardless of we have raised fund or not, that's what I know. With having the targeted fund, things could be easier, faster while without this budget, we have to put effort much and process will be slower of course.
Regarding the 5 sold Chips, it depends on escrow again. If there's no escrow, there will be no fund from outside invested in the project.

I would agree. Even if the amounts being held at the moment are miniscule it is irrelevant because it is inconceivable under any circumstances that people not associated with a project can still have access to any funds. What could be causing delays to them making an announcement?

Though not impossible for any project with a determined team to proceed and maybe succeed even with a few stumbles along the way, it does not look that bright for them right now.

I'm not sure my question was answered or if I just didn't understand.  Whoever bought those 5 chips (in addition to the people who received giveaway chips) are still going to be sharing in a revenue pool or not?  I just wanted to clarify that they are or aren't, regardless of how much money is raised.

I've never used or been part of a 2-of-3 signature wallet, but I think I'd be correct in assuming that if one or more individuals no longer want to be responsible for signing transactions for that wallet, they'd have to relinquish control over their part, correct?  Would I be mistaken to assume that those two escrow agents who've left the project have already handed over what amounts to full access over the Casino Critique wallet to someone else?

I'm just asking here, because I admit I don't understand fully how things are being carried out behind the scenes.  And assuming the escrow issue gets taken care of, and it's only 0.005BTC we're talking about at the moment....the day may yet be saved as far as regaining transparency and/or trust.  It'd be much, much worse if the team had thousands of dollars in their account--but I think if you're claiming to be "100% honest" (that was the original slogan), the more communication the better.

We have allocated 9,999 Chips. Any unsold Chips will be removed after few years when we will feel that there are no need for it.
But all sold Chips, Chips given as gift, allocated to give as gift will be given their share as promised.
Members are welcome to receive a free chip (https://bitcointalk.org/index.php?topic=5409868.msg60813390#msg60813390).
All are logged in this spreadsheet: https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing
After all the words were given.

The 2 of 3 escrow still have the funds as you can see it was not moved. Once we will have a new setup then we will ask them to move it.

Seeing the controversy around, we may consider not having the public IBCO. If we don't hold the public IBCO then we will let the two escrow cosigners to make a decision where to send those 5 Chips worth BTC. If they want, they can keep it as their service charge, or they can send it to our team wallet which is a 4 of 5 multi-sig wallet between us team members or even they can send those chips back to the sender. The two cosigner who are not team member will decide it if we decide not to hold the public IBCO.

However, we may reach out to personal contacts, people we believe we know to pitch our project and ask for sponsorship. We may decided not to go for any of it too. Point is, regarding fund or fund raising, nothing is final yet. When a decision will be made final then there will be public update.

Rest assure, one thing is going to happen by any means, which is to launch the main platform, work hard and be one of the leaders in crypto casino industry. It's a long way to go but the team have strong personalities, we know our goal. So, all focus are on the main platform and we are working with our full pace to make it happen.

OP, what about this https://bitcointalk.org/index.php?topic=5411538.0  ? since you haven't raised much funds from the IBCO are you going to pay bounty participants out of your own pocket or what ?

That bounty ended on the 26th (2 days ago) and you haven't yet made any announcement regarding the payments.

It seems your question was not answered. He probably did not understand or misread it.

What does the OP have to say about this? As far as I interpreted this team member stated here (https://bitcointalk.org/index.php?topic=5409868.msg61019552#msg61019552) that the previous escrow still have access to the funds.

Well, let this be a lesson for this project and any others that are thinking of using this forum to launch their businesses. If they were being transparent from the beginning people would not be asking them for transparency later thus taking the conversation towards possible integrity issues rather than focusing on the core aspects of the project.

There is hardly any controversy around. In my opinion it is less to do with controversy and more to do with lack of clarity and transparency which raises questions. Having said that what is clear is that the IBCO has failed because you have not raised anything beyond 0.005 BTC therefore pulling the plug on the IBCO and blaming it on controversy surrounding anything related to the escrow contractors would not be a fair assessment either.

Sure, anyone can see the funds haven't moved, but that doesn't mean anything as far as the escrows are concerned.  They might have relinquished control over their keys or signature piece or however it works without anyone knowing about it.  Know what I mean?

Well....Jesus....there wouldn't have been all of this controversy if all of the team members were identified from the get-go, because that seems to be where the vast majority of it stems from.  If CC doesn't go ahead with the public IBCO, it won't be strictly because of that; it'll be because there wasn't much interest in the project--but any potential interest was surely stifled by the lack of transparency on display.

So the chip buyers are fucked?  Or potentially so, at your discretion?  Haven't those two escrow cosigners stepped down or have otherwise become unavailable?  Why would you let them choose what to do with those funds?  Why wouldn't you return everything to the chip buyers if there's not going to be a profit-sharing deal?  Those escrow people haven't done any work as far as I can see, so there's no reason why they should keep the funds as a "service charge".

I asked for a fee up-front for my editing work, and even though it was a pittance, I insisted on it because I figured something like this might happen.  That said, let's hope for a good outcome.

This is imho rather unlikely and would hurt their reputation. So imho while some concerns may be OK, this looks exaggerated to me.
However, people can simply ask the escrows about that. It's not CC who has to say that (if he would be malicious he could easily lie anyway).


I would see this (or any) controversy as good. I would see it as advertising. It means there are people interested in the topic. It keeps the topic visible, after all, isn't it?

Escrows were DireWolfM14 and Hhampuz, right? I assume they know what they're doing, and handing over private keys isn't part of that.

First you said they only collected 0.005 btc and now you are concerned what is going to happen with that, it's not like they collected millions in this process  :D
If you are so concerned about this funds you know who escrow members are and you can ask them privately if you want.

Way to exaggerated, but I guess people need to write something in forum and like creating drama ;)
It's not the first time some project didn't collect projected funds, so you don't need t be rocket scientist to understand why someone would drop out their escrow position.
I guess some people could spend days talking about this and create some wild conspiracy theories about 0.005 btc or $97...

Uh....ok.  I'm not overly concerned that people are going to lose their shirts given how much money has been raised so far, but one of the questions that's been in my mind from the beginning is exactly what I asked, i.e., whether the team is going to refund the chip buyers or keep them on as profit-sharing investors.

And excuse me, why should I ask anyone anything privately?  If you've got criticism about what's going on in my brain, why don't you PM me?  Better yet don't, because I don't care.

Yeah, and criticizing valid criticism is a great way to drop posts....dude, you're better than this.

Because you are obviously very much invested and interested in this subject along with TrollyBad.
It doesn't look to me that someone who don't care about this would write eight posts in this topic and getting in all the nitty gritty details, but sure I could be wrong ;)

https://ninjastic.space/search?topic_id=5409868

I wasn't talking about you, but sure I can also criticize behavior of any members, and it can be very healthy to accept criticism sometimes.
Cheers.

Did you miss the part where I'm indirectly involved in this?  Don't care; keep posting.

If you can't read or understand, that's your limitation. Check the bold part from the quote. Don't have time? Join our telegram group. There are some people around the world. They will help you understanding everything. All of our team member isn't active here.

The funds that have been collected to date are still in the multi-sig wallet controlled by me and the other two original escrow agents.  Once a new escrow team is established, the funds will be transferred to the new wallet crated by the new team.  None of my private keys will be shared with anyone.

I am one of the escrow team members that decided to step down.  The decision is based on personal reasons which I do not care to discuss here.  Anyone is welcome to PM me at any time for any reason.  Depending on who you are, if you PM me to ask about my reasons for backing down from the CC escrow team I may oblige you, or I may tell you to mind your own business.  Rest assured the reasons behind my decision have nothing to do with the project scope, the other team members, or my perception of the projects ability to succeed.

It is a valid question which was directed at the OP and their team but not receiving an answer which would remain in public view, the way they handled it is something that does not help their cause.

There is no need for any member to ask another privately as far as projects and investments are concerned, all the conversations should be run with 100% transparency in publicly visible pages for all to see unless matters are related to things the public should not be aware of (internal discussion etc)

When a member of this forum asks question or offers constructive criticism they should not be either hounded out or stifled in any capacity. Unfortunately there are several members across the forum that stifle debate simply on the basis they can or attempt to. Basically, why on earth would a team advertise or promote a project in the forum if they were not (or are not) willing to answer questions related to their project? There is no excuse for them to be offended.

I guess that means The Pharmacist and I are very limited in our reading or understanding.

Keeping that aside, why use this forum for announcements or services or securities but not for other communication such as answering questions and concerns? If all the team members are not active here then maybe their usernames should not have been promoted as it was partially one of the key reasons selling chips was thought probable even though it backfired and apart from 0.005 BTC nothing was received. Moving the conversation over to Telegram seems like a way to censor and ban anybody from the group citing any excuse the team want.

Don't know if that's true for you, but it's true more often than I'd like for me.

And right now what I'm not understanding is whether this project is still a go, or if it's been scrapped.  I've been keeping an eye on the IBCO wallet, and it's obvious there hasn't been anybody buying chips since those first five, since the balance has been pegged at 0.005BTC.  Nor have there been any updates here.

I don't use telegram, so my bad if any updates have been posted there.

I didn't reply to your post previously since you were obviously in a defensive mode, but I was wondering exactly why you were being so defensive.  You stepped down as an escrow, and nobody made a big deal out of that as far as I know--and there's no reason to make it a big deal.  You're entitled to not participate in a project anymore for whatever reason, and though you're correct that those reasons are your business, I don't think anybody asked what they were.

So:  Any updates?

Of course, you don't deserve such a response, do you?

Our content writer is creating content as we want a working platform before we go live. It's not about a few articles, we have a lot of articles written and more in the pipeline. It will take time as we want to get launched when we will have the targeted articles, which is more than a few hundred.

For the last few days, we have been trying to maintain a virtual office, we are not used to and of course time is a limitation but still, we are trying to fix it and share a common time to have more productive working hours.

And as I said a few times, we are still up to launch the project regardless of getting funds unless something goes very wrong.

I think you are being very modest  :)

Since you were or are proof-reading their website text and articles yet are unsure of what is actually going on then it does not put the project and the team behind it in a good light.

I also have been looking at the IBCO wallet from time to time and have noted the balance remains at 0.005 BTC, I just do not see it increasing in any substantial manner at all. I mean, it has received just the one payment on 18th August 2022 and nothing after that even though 7 weeks have passed. That is quite telling that there is not belief outside the team that this project has any chance of success (and possibly within the team too).

It seems there is a clear intent to try to move questions and answers from this forum to their Telegram channel but like you I also do not use Telegram. I could be wrong but the obvious advantage any business (generically speaking) of using Telegram is to send out point specific information and updates and to manage the number of members within the channel but the other things they can control include censorship. The channel admins can simply ban any members that ask questions they feel are difficult to answer or those that question the direction and feasibility of the project involved.

If used correctly, maybe something like Telegram can have advantages but using this forum to effectively promote a project by using various forum members names for promotional purposes and then to imply using Telegram is a better (or more convenient) platform, just does not seem right at all.

Initially I was under the impression one of the three escrow members departed but then read two had departed. In my opinion, for the sake of clarity the onus would fall upon the project owners or team to announce why any people/forum members they used in their promotional material departed. The fact they have not even mentioned anything informative about two forum members that have departed their project (even though they were used in their promotional material) is just another PR failure on their part.

It is almost nothing to nothing substantial, from what I see.

I wasn't expecting a response, I don't need one.  I didn't expect a big deal to be made about it either, hoping for the exact opposite actually.  I suspect you misinterpreted my brevity for defensiveness.  I did want to correct something you said about sharing private keys, that's not gonna happen.  Realistically, I'm just tired of this topic, I'm tired of shit-posting sig-spammers (oh, the irony) stirring up drama just to meet their quota, and not to mention all the brown-nosing going on is rather cringe worthy, as well.

I'm not sure how to interpret either the tone or meaning of that.  I assume you're referring to your comment regarding my reading comprehension deficit, which I agreed with.  Where is this hostility coming from?

Seriously, please don't tell me you're referring to me.  If you are, just say so.

You did say that, and yet my question about the fate of the chip holders wasn't answered.  Right now you have very limited outside funding (0.005BTC), but you said that if there's no escrow, there's going to be no outside funding.  My question was whether the already collected funds would be returned to the chip buyers or if the buyers would still be in the revenue-sharing pool--just to refresh your memory.

Thank you for the update; the project is still a go, and I'm still hoping it succeeds.

Edit:

OK, no problem.  I figured part of this had to be misunderstandings due to language.

Noted; that was the question I was asking, and thank you for addressing it.

Sorry, The Pharmacist if my tone didn't sound okay to you but I didn't mean something which you would find hard to interpret. Language barrier is a problem for a lot of people including me. Maybe that's where I and some other messed. I have no doubt about your proficiency in English, if I had I would veto when Chief decided to ask your help for proof reading.
 
Then it is very much likely that we will be returning the fund in the same address from where it has been sent.

Absolutely not.  The individuals to whom I'm referring don't need me to iterate their names, they know perfectly well who they are.

Official Update for Casino Critique Initial Bitcoin Chip Offering:
The team decided not to hold the IBCO right now. The only chip offerer with 5 chips has been refunded with the following tx ID.
The escrow setup between CC Chief, Hhampuz, and DireWolfM14 is officially close too.
We removed the escrow address from every possible places however if it left anywhere then please let us know.

We always stay close to our bitcointalk community and the Free Chip for bitcointalk members are still valid. You are welcome to request us a gift chip (https://bitcointalk.org/index.php?topic=5409868.msg60813390#msg60813390), if you are worthy to have a gift from us then we may reach out to you personally too.

According to the IBCO spreadsheet (https://docs.google.com/spreadsheets/d/1FEo0vBAyBOE5ZFDu9Z-LmOtc7iy2UKXETl878Ydj51c/edit?usp=sharing), 499-27 Chips are still available for the community and other marketing purpose. Feel free to be a part of us.

Our only goal now is to launch the main platform and we are working hard for it. Once we launch it we will make update on Casino Critique Ann thread.
We welcome you to share your thoughts, suggestions, experience, knowledge related to crypto casinos on our official announcement thread which is:
CasinoCritique.com ⭐⭐⭐|⭐⭐ Unbiased & Outspoken Crypto Casino Guide (https://bitcointalk.org/index.php?topic=5413876.0)

Cheers,

---

PS: Businesses or services who are interested to sponsor Casino Critique project or to buy advertising, please contact via our contact page or official Teleglram or forum PM.
Contact page (temp unavailable): https://www.casinocritique.com/casino-critique-contact-us/
Official Telegram: @CasinoCritique
Forum PM: https://bitcointalk.org/index.php?action=pm;sa=send;u=3490051

To avoid imposters please do not do any financial transaction if failed to sign a digital message using the following bitcoin address and/or PGP fingerprint when requested.
Bitcoin address: bc1qxmgdv4n48fsljdk409zufn9wfn7cm79kwd7yw6  
PGP Fingerprint: 8183 D7E8 AF1C 1637 5EF1  69DC 8109 4C5E 48DD 8B07
An unedited staked reference to verify publicly is found here (https://bitcointalk.org/index.php?topic=1159946.msg60644728#msg60644728).

Since no use of the thread, we are locking it.
Anyone interested to receive 1 Chip as gift (details (https://bitcointalk.org/index.php?topic=5409868.msg60813390#msg60813390)), feel free to join our Telegram community and post your Bitcointalk username with btc address.

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