Bitcoin Forum

Economy => Gambling => Topic started by: itchiba on August 17, 2023, 06:57:53 PM



Title: Opinion on crypto casino project
Post by: itchiba on August 17, 2023, 06:57:53 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !


Title: Re: Opinion on crypto casino project
Post by: Oshosondy on August 17, 2023, 07:40:39 PM
A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.
Many crypto gamblers prefer to use bitcoin but bitcoin is not having anything like web3. That is why centralized gambling sites are the commonest.

There are web3 casinos today but still the centralized ones are just the most common.

People that have no option but gambling restricted in their country may go for this, and people that like web3 (altcoins). But they should know that it is not decentralized against vulnerabilities and it is a good means someone can reveal his noncustodial seed phrase or private key to the site it is connecting too. Many scammers are using this to scam these days.


Title: Re: Opinion on crypto casino project
Post by: ryzaadit on August 17, 2023, 07:48:27 PM
Decentralized-casino always has less advantage for the game rather than centralized-casino.

You want zero-KYC, then you need (decentralized-casino) but have untractive game, most the time is about a simple house-game like (Dice, Jackpot, etc. Each of the game requireted/1tx more complicated.

People love to play with easy setup rather than complicated. I hate (KYC), that's why I love to play on casino with higher limit withdraw without (KYC) one of them are stake. I have experience withdraw more than 8000+$ without KYC (even right now my account still not being verified).


Title: Re: Opinion on crypto casino project
Post by: FatFork on August 17, 2023, 08:01:36 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

You've got some good points, but I don't think you're completely right. Even with all those "big" and well-established gambling platforms around, new ones pop up all the time. Just take a look at this gambling section; in the last year alone, over 900 new topics have been posted. It's true that not all of these announcements about new gambling sites, but a significant portion of them are. Some of these new projects do well, others not so much. And then there are those that appear for a moment and disappear just as swiftly, leaving us wondering what happened.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

I'm not particularly drawn to decentralized gambling since it generally involves investing money in some form of altcoins, which is kind of a gamble on its own. However, I'm sure there have been some similar tries already. To dig deeper, though, you'd have to head over to the Altcoins section. Those puppies don't really fit into the Bitcoin gambling realm.


Title: Re: Opinion on crypto casino project
Post by: BitcoinPanther on August 17, 2023, 08:11:06 PM
Decentralized-casino always has less advantage for the game rather than centralized-casino.

You want zero-KYC, then you need (decentralized-casino) but have untractive game, most the time is about a simple house-game like (Dice, Jackpot, etc. Each of the game requireted/1tx more complicated.

People love to play with easy setup rather than complicated. I hate (KYC), that's why I love to play on casino with higher limit withdraw without (KYC) one of them are stake. I have experience withdraw more than 8000+$ without KYC (even right now my account still not being verified).

Aside from that decentralized casino is expensive.  Assuming it works like Uniswap, it only means that every bet a player makes is charged with transaction fee that is non-existent on centralized casino.  So the player have to pay for processing fee(if the bet won), bet, and transaction fee.

I also think that it is better to have a centralized casino with higher threshold to trigger KYC requirement.


Title: Re: Opinion on crypto casino project
Post by: SamReomo on August 17, 2023, 08:21:16 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

I have gone through your words and I must say that everything you have said is exactly right. I also agree that in this time a new casino should think something differently to gain more users on their site. Like you said that Stake used Twitch marketing to grab most of its customers and other casinos also need to finds something like Twitch which would help them to grow faster. However, I still must say that the traditional way of marketing is also working for most of the casinos and if the marketing is done in a good way then for sure.

There are some good casinos which are working on decentralized model, but still I haven't found a casino that offer 100% anonymity to its users. I like your idea of creating a casino like that because most gamblers want to have something like that which would never ask them for KYC details. There are some good decentralized exchanges but so far there aren't any good decentralized casinos.

As far as I know that almost all casinos will need to have a license if they are hosting their services in a country. I don't think that any country would allow such casino to exist which has a model that makes it license free. If a casino has to work in a country then that casino has get some license in that country. The license also has its terms a conditions which a casino has to follow. Most of the countries would never care about a casino even it doesn't have a license, but when a casino gets a lot of users then in that case the license is a necessary thing to have.

I know a casino that works of provably fair model, and the name of that casino is L0tt0.com. The L0tt0.com offers games that work on the model of provably fair and the developer as well as the owner of the casino is doing his best to make those games work on that model. I would also recommend to go with that model as players will get ultimate satisfaction with such model. I must say that you should get idea first and then start working on them slowly and when you have some good games then you should make your casino live.


Title: Re: Opinion on crypto casino project
Post by: Mate2237 on August 17, 2023, 08:39:28 PM
Good day everyone,

We appreciate your presence, feel free in the forum and read the rules of the forum in Meta Board

I'm interested to launch a crypto casino and I'd like to get your opinion.

You do well for that, the opinion pool is waiting to contribute.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.
I don't think you assumption is correct. Crypto casino is casino platform to play games with cryptocurrencies and that means, the site is open every hours and play or gamblers can visit the site at all time so I don't know what you are sounding like this.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...
Your services will bring people to the site frequently. If your services are good then you don't have to panic. And also your games will also attract people to the site.

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
anonymity days are over and any casino which is still operating anonymous system is under suspect because of what is happening these days.


A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
100% anonymous? Ah a casino want to operate decentralized system. Since you said there will be no KYC, let wait and see how the casino will be. Good luck mate.


Title: Re: Opinion on crypto casino project
Post by: Fortify on August 17, 2023, 09:08:52 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

The trouble with a "decentralized crypto casino platform" is basically that the owners, or at least the developers, would often need a monetary incentive to maintain it. What we also see with Bitcoin is that you need a network of many independent systems that give it an underlying stability, these third parties expect to get paid for using their resources, so there would need to be at a minimum a rake to cover the fees and that has to be finely balanced along with being competitive against current casinos. You're are as likely to launch a decentralized casino software as you are a new casino - either will take a lot of start up capital, or alternatively a long time to build the marketing up for it.


Title: Re: Opinion on crypto casino project
Post by: Wexnident on August 17, 2023, 09:17:58 PM
~
Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...
~
Or just, idk, offer better service than them. It doesn't need to be new in the first place, just, well, better. A lot of companies underperform, but sometimes due to monopoly people have no choice but to use said service. If a competitor who actually does things right pop up? Take a few years and people would naturally migrate imo.


Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Isn't this basically any other new casino out there promising anonymity? It usually doesn't last long, and as you've said it operates in a "grey area" so it's highly unlikely for it to be trusted early on, it'd probably take years before it builds up a proper reputation.

Honestly, KYC isn't bad (imo, don't burn me), the process that casinos ask for KYC is bad, dumb, and slow, and suddenly halts the user, freezing their funds without no rhyme or reason. Ofc if a casino can grow and build itself without KYC then sure, I'd go for it, but if it can't, the least it can do is provide quality service when it actually uses it.


Title: Re: Opinion on crypto casino project
Post by: CryptoCasinoGeeks on August 17, 2023, 09:33:44 PM
We run a review site and what we consider to be most important are exclusive games. It'll be hard to position yourself if you offer the same games as all other casinos. If, on the other hand, you work to add new and innovative games you can draw a player base of users who are bored of seeing the same 300 games by Pragmatic play on every casino.

You probably have a shot if you also complement this with good bonuses and promotions to draw new players in.

It's a tough market out there. Best of luck!


Title: Re: Opinion on crypto casino project
Post by: DoublerHunter on August 17, 2023, 09:36:00 PM
~snip~
Honestly, KYC isn't bad (imo, don't burn me), the process that casinos ask for KYC is bad, dumb, and slow, and suddenly halts the user, freezing their funds without no rhyme or reason. Ofc if a casino can grow and build itself without KYC then sure, I'd go for it, but if it can't, the least it can do is provide quality service when it actually uses it.
^I got your point here because for me, the issue is not necessarily with the concept of KYC itself, but rather with how some casinos implement the process, causing inconvenience and frustration for users. Providing a seamless and efficient KYC process, along with excellent customer service, can greatly enhance the user experience and build trust. Balancing regulatory requirements with user-friendly procedures is key to creating a positive environment for players. Probably your insights will highlight the importance of prioritizing user satisfaction and operational excellence and it will good if other gambling casino owner will know this too.


Title: Re: Opinion on crypto casino project
Post by: goaldigger on August 17, 2023, 09:39:15 PM
~snip~
Honestly, KYC isn't bad (imo, don't burn me), the process that casinos ask for KYC is bad, dumb, and slow, and suddenly halts the user, freezing their funds without no rhyme or reason. Ofc if a casino can grow and build itself without KYC then sure, I'd go for it, but if it can't, the least it can do is provide quality service when it actually uses it.
^I got your point here because for me, the issue is not necessarily with the concept of KYC itself, but rather with how some casinos implement the process, causing inconvenience and frustration for users. Providing a seamless and efficient KYC process, along with excellent customer service, can greatly enhance the user experience and build trust. Balancing regulatory requirements with user-friendly procedures is key to creating a positive environment for players. Probably your insights will highlight the importance of prioritizing user satisfaction and operational excellence and it will good if other gambling casino owner will know this too.
A cryto-user friendly casino can be more ok even if there’s a KYC and honestly the issue with decentralized is that, we can’t fully trust the platform itself especially if its a new one and that’s why many still prefer to go to the centralized platform where they have the assurance that they are dealing with the legit site and they will have no worry about putting big money and gamble big.


Title: Re: Opinion on crypto casino project
Post by: uneng on August 17, 2023, 09:57:28 PM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
I think this is a bit contradictory, since those decentralized platform have disappeared due to not having a large base of users anymore, as players migrated to centralized platforms. The complaints you heard and read don't correspond to a considerable percentage of gamblers when you compare to their total. Of course there are gamblers who care about privacy, so they would like to play anonymously, but they aren't a big group, and that is why main gambling companies aren't concerned regards this demand.


Title: Re: Opinion on crypto casino project
Post by: seoincorporation on August 17, 2023, 10:04:46 PM
You can't make a decentralized casino because the ones who have the servers and the source code are the ones who decide the rules of the game, and in other words they have full control of the project. I mean they even have the servers and can shut down the project at any time, that's why the project would be centralized.

But I get your point, it would be nice to see a site that doesn't have KYC and the games are probably fair, just like it used to be in the old days. But there is a problem with that, and that problem is governments wouldn't allow it and would tag a business like that as money laundering.


Title: Re: Opinion on crypto casino project
Post by: robelneo on August 17, 2023, 10:19:15 PM

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
It's not what you think will attract them but what players think will attract them to play or go to your casino, one of these is a variety of games like what the top casinos have can be integrated into a decentralized casino platform, we cannot compare an exchange to a gambling platform, its more complicated on casinos.

The majority of players support Stake because they think it's a big company that high rollers can trust with their hundreds of thousands of dollars or even millions and Stake has a responsibility to their players because they are under monitor because of the license they have, can we have all of these in a decentralized exchange.

It's not that Stake cannot be beaten or a new casino can't take a slice of the cake in the gambling industry, they just have to do better than what is an already successful method, a new casino can gain the trust of new players if they work on their trust and do extensive marketing, yes establishing trust and extensive marketing are the two keys, Duelbits is one example to this, there's no need to create a new formula.


Title: Re: Opinion on crypto casino project
Post by: Lanatsa on August 17, 2023, 10:51:45 PM
If a certain casino would be able to apply these things into his site then it would really be that much preferable.
The question here is on the ff;

1. Do a certain platform would be able to last long that they wont really be getting regulated? Whether we do like it or not people do prefer those who do have licensed
2. Decentralize connecting your wallet? Its a hassle thing and people doesnt really like on connecting or hassling on their wallets but rather prefer on making direct deposits
3. Showing bet hashes of bet verification is always been that preferred where people could make verifications and prove out that all rolls are fair

Frankly speaking on which on the current market that we do have today on which it is really just that almost the same or identical on what they are offering. If ever there's
one who would be offering something unique or havent seen on this market until now then it does have the chance that it would really be getting that kind of attention and recognition
in that case.


Title: Re: Opinion on crypto casino project
Post by: suzanne5223 on August 17, 2023, 11:18:20 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.
The crypto casino market is a broad market and the chance for you to create a new casino is not over and you don't need to compete with the industry leading casino to dominate the market.  Besides that is not what most crypto gamblers focus on. What they focus on is the fairness of the casino,  good customer support,  fast withdrawal and license but in another situation some gamblers don't get about licenses. 
If you can do all this with the inclusion of a good marketing campaign for the long term on this forum,  the casino will also be among the industry leading casinos.
If you need help with the marketing campaign contact me and let's talk about it.


Title: Re: Opinion on crypto casino project
Post by: TastyChillySauce00 on August 18, 2023, 01:07:11 AM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
Some didn't like KYC but it's not a problem. People can still play with tiny amounts of money if they are not willing to fulfill KYC requirement.
I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
There have been so many web3 casino. I can tell you one like moonbet.

Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.
You just need to wait the regulator will come to ruin your business as it can be seized by them due to the money laundering purpose. Did you think you can stay away from the regulator by operated your platform in the gray area? I would prefer to play in the licensed platform. There have been so many casino based on web 3 but people didn't prefer to use it.



Title: Re: Opinion on crypto casino project
Post by: Fivestar4everMVP on August 18, 2023, 01:29:12 AM
Well, I also have had and still have dreams of building and managing a crypto casino some day when I become financially capable enough, and several times, I've thought about a decentralized casino since there are several big and well doing centralized casinos already, and competing with them is too advisable, but then again, with what I have seen around as a gambler, I've come to the conclusion that building a decentralized casino is not feasible at this time, though several gamblers complain about lack of anonymity in gambling this days, but I can tell you all that, gamblers interest in decentralized casinos are currently zero at the moment, this is from my experience on this forum, I've been here for a while and I've seen decentralized casinos, several of them get introduced on this forum, but in a couple of weeks, their Ann will be no where to be found due to lack of patronage/users..

So @op, if you are serious about building your own casino, then look away from building a decentralized casino at the moment, doing this will be a great mistake, build a centralized casino and install unique and useful features that will attract customers instead.
Just my opinion though.


Title: Re: Opinion on crypto casino project
Post by: sunsilk on August 18, 2023, 01:52:53 AM
You're right OP but going into the competition and do something that the popular casinos haven't done before is going to take you miles. Honestly, even if you've got a good idea but if you don't have the funding. You'll still struggle.

And from that perspective of going with the projects into decentralization and anonymity. You'll just be flagged down by the government, many projects did that before but to no avail. I say that you've got a good understanding of what's happening and has a good idea based from that.

But, you've missed a lot of it that had happened in actuality before and most of them never succeed.


Title: Re: Opinion on crypto casino project
Post by: Reatim on August 18, 2023, 02:32:05 AM
Good day everyone,


I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
As long as your place(country) are not or will never be commanded by the government
then you can of course KYC asking and yes you can completely create a Decentralized casino platform .
and also you can gain trust proving your being trust worthy , means not like other casino that changes their rules in timing , after gaining many players and supporters.
this is actually what I hate more, instead be truth and be constant to all your promises.
it is easy to said but harder to maintain.


Title: Re: Opinion on crypto casino project
Post by: Nrcewker on August 18, 2023, 03:42:18 AM
Describing something theoretically and implementing it into something practical, both are different. Not only you, but many of us thought of creating our own casino with unique features and dreamt of ruling the industry. But guess if it was as easy as writing a post, then all could have succeeded in their dreams. I really liked the concept of your casino, but in order to build it, you need a team, a huge bankroll and a stack of funds. Stake didn’t ruled the market overnight, they were present in form of PrimeDice from 2013 and from that experience they made Stake popular and famous.


Title: Re: Opinion on crypto casino project
Post by: Pandu Geddon on August 18, 2023, 04:19:15 AM
all types of games in the casino have the same character. gamblers who play slots more often will spend their money and time playing slots. if you want to make a casino with unique games, I don't know what uniqueness you will actually offer.
Regarding decentralized casinos, it all depends on how you promote and brand your casino platform to be trusted by gamblers. some are not comfortable with KYC. but some others don't mind that as long as the platform has a license and also keeps player funds safe.


Title: Re: Opinion on crypto casino project
Post by: mindrust on August 18, 2023, 04:50:45 AM
You are not the first guy who came up with this idea and interestingly, I also don’t see any successful decentralized casino around. That leads me to a conclusion that your project will also be a failure but who knows… maybe this time will be different huh? Maybe you know something that others don’t. Maybe you can come with a real decentralized casino unlike the other fakes. Don’t get me wrong, your idea is amazing but it is also pretty hard to do. If it was an easy thing, all the web2.0 would disappear but they didn’t.


Title: Re: Opinion on crypto casino project
Post by: Popkon6 on August 18, 2023, 04:52:55 AM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.


Centralized casinos always have less chance for games but if you want to give more chances to decentralized games then some methods must be adopted. As with KYC, KYC always annoys people and having dollar window experience without KYC helps the user more morale. I have withdrawn dollars from casinos by myself and without KYC, so far no problem, account is active. Most of the people who are involved in the casino do not like KYC, most of the people are more inclined towards the correct method rather than the complex method. So if you want to open a casino then definitely without KYC and more opportunities for games will definitely attract people towards your casino.


Title: Re: Opinion on crypto casino project
Post by: iv4n on August 18, 2023, 05:39:29 AM
You are not the first guy who came up with this idea and interestingly, I also don’t see any successful decentralized casino around. That leads me to a conclusion that your project will also be a failure but who knows… maybe this time will be different huh? Maybe you know something that others don’t. Maybe you can come with a real decentralized casino unlike the other fakes. Don’t get me wrong, your idea is amazing but it is also pretty hard to do. If it was an easy thing, all the web2.0 would disappear but they didn’t.

I think you are right, the idea itself is cool, but I think it is more than hard to realize this idea even with some big capital. As always, if it's a small capital, then it is even harder. Everything is more difficult in practice, problems and challenges start when we start working on the realization of an idea, which for many proves to be impossible to overcome.

And my suggestion to OP is to start his journey with small steps... Before comparing with Stake he needs to create a site first, or how they say, he needs to learn how to walk before he starts running.


Title: Re: Opinion on crypto casino project
Post by: tusandii on August 18, 2023, 05:59:16 AM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
Some didn't like KYC but it's not a problem. People can still play with tiny amounts of money if they are not willing to fulfill KYC requirement.
Play with small amount to avoid KYC, are you sure about that?
Will gamblers ever have to avoid KYC and play for little money while in the gambling industry?
Sometimes when you are lucky and get big wins from only small money, of course gamblers will be asked for KYC requirements for withdrawals and will they still refuse to provide KYC so they can withdraw their winnings?
I think for now there is no need to avoid KYC too much, especially if KYC is really needed then it is better to give it from the start.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
There have been so many web3 casino. I can tell you one like moonbet.
Yes, that's true, but to be honest, I don't really believe in decentralization because when one day a gambler gets a big win or even there is a problem, decentralization will be underdeveloped and in the end KYC will still be the main one.
Even though some have stated that they are decentralized and do not require KYC in any form, all of that can change instantly if things are felt to be making it difficult for the casino.

Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.
You just need to wait the regulator will come to ruin your business as it can be seized by them due to the money laundering purpose. Did you think you can stay away from the regulator by operated your platform in the gray area? I would prefer to play in the licensed platform. There have been so many casino based on web 3 but people didn't prefer to use it.
Some licenses also enforce KYC so that not a few licensed casinos implement KYC.
Moreover, having KYC can suppress money laundering and make it easier for casinos to solve problems that could occur.
So that having KYC has a very positive impact on the sustainability of casinos even though most gamblers really reject or avoid KYC.


Title: Re: Opinion on crypto casino project
Post by: mak013 on August 18, 2023, 06:42:12 AM
If you want to get gamblers in such kind of the casino, you need to become popular. Only small part of gamblers is ready to risk their money in the casino they can`t trust.  And the casino without KYC and without any responsibility can`t attract gamblers from the start.
I think it would be better to create 2 same casinos one time - one with KYC and one can be decentralized.


Title: Re: Opinion on crypto casino project
Post by: FatFork on August 18, 2023, 07:20:09 AM
all types of games in the casino have the same character. gamblers who play slots more often will spend their money and time playing slots. if you want to make a casino with unique games, I don't know what uniqueness you will actually offer.

Well, I don't really agree with that opinion. There is always room to invent something new; that's how innovation has driven progress throughout history. Take, for example, the dice game – these things didn't really exist in online casinos before the emergence of crypto casinos. The same applies to the crash game, which I believe the first version was created sometime in 2015. Plus, bringing in these new games is a reminder that even old-school ideas can get a modern twist.


Title: Re: Opinion on crypto casino project
Post by: bangjoe on August 18, 2023, 08:10:39 AM
From us many people like anonymity and really hate KYC, but like a company that operates if it does not have a license, today is very doubtful by the players, because they do not get a guarantee that they can play fairly on the decentralized gambling platform, I will get confusion If the casino stole a few thousand dollars from my wallet, where should I go to complain about it?

I think it's better to make ordinary casinos as in general but with a higher number of deposit withdrawals than other casinos, for me a license is an indicator of trust in operating, but with a higher withdrawal limit for the obligation of KYC it is much better and people will definitely be interested in playing in your casino op.
If you force yourself to build a decentralized casino, I think you will only waste your money uselessly because there will only be a few people who will play in your casino and again they just try.


Title: Re: Opinion on crypto casino project
Post by: pakhitheboss on August 18, 2023, 08:52:09 AM
A decentralized gambling platform is a good idea but how will get the trust factor. Without any licence half of you users will ignore the casino. Those who will use your platform will not deposit big amount of fear that the games although being said are probably fair but not fair. Overall it would a trust issue rather anoymity. I don't mind clearing KYC if the casino is trustworthy and reliable. You can implement KYC and get a licence using decentralization. Do remember there are players who like playing with Bitcoin. Bitcoin doesn't have a web 3 wallet therefore you need to find some alternative for it.


Title: Re: Opinion on crypto casino project
Post by: aioc on August 18, 2023, 09:10:29 AM
Centralized casino platforms are very stable there's no need to invent another wheel it's moving well and accepted by the gambling community, newly launched casinos should just concentrate on adding more games, having more funds in their vault, getting a license to be compliant with the regulator, and the community, be trustworthy and do massive marketing this is how top and successful casinos do their business.
If you're launching a casino just follow the industry leader and beat them in their own games, there are sure tracks that will lead you to have profitable casinos, but if you insist on creating another concept or continue with lesser-known concepts then it's up to you to do that.


Title: Re: Opinion on crypto casino project
Post by: piebeyb on August 18, 2023, 09:11:09 AM
Actually it's a good idea but for sure you will get difficulties and pressure from the government in the end by building a decentralized casino, actually you can build a casino like usual it's just that you need to limit which users have to complete KYC and which don't, usually users with big betting stakes it is more suitable to complete KYC because it also checks whether there is money laundering or not.

But again, you need big money to build it, sometimes an idea without capital will be useless, even so, everyone must have an idea like you, it's just an idea, nothing more. I think many people will like this because it's anonymous without KYC because There are some people who want to gamble free of KYC, although I can't guarantee the safety, besides that it won't be profitable for you to run this business, money must be played in gambling to keep this business running.


Title: Re: Opinion on crypto casino project
Post by: coin-investor on August 18, 2023, 09:29:09 AM
If you want to get gamblers in such kind of the casino, you need to become popular. Only small part of gamblers is ready to risk their money in the casino they can`t trust.  And the casino without KYC and without any responsibility can`t attract gamblers from the start.
I think it would be better to create 2 same casinos one time - one with KYC and one can be decentralized.

Creating 2 casinos with different concepts in one company is not feasible, if members encounter issues in one casino the other casino will suffer from the association, it's very hard to think of a new concept that the community will support right away it will need expertise, colossal funding, and massive marketing, Stake, and Duelbits and all the other top casinos that are mostly centralized have a huge funding for continuous marketing, especially for a new concept in the casino industry, and you have to have a lot of luck to gain the support of the community.


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 18, 2023, 09:43:13 AM
Well that’s a lot of answers ! Thanks a lot everyone.

So a decentralised platform that provides anonymity is just an elusive ideal for players which in reality would be too risky to be actually trusted. Risk of being hacked, lack of licence, transaction fees, lack of governance and so on ..

Therefore, KYC isn’t a big deal as long as the operator is licensed, can be trusted and takes care of its players.

Now, you guys do point out among other things that most of the platforms have a similar game offering.

I like the way Stake got its start with Primedice.

Do you think that coming up with a platform that at the beginning only offer one exclusive provably fair game and a very straightforward customer experience can attract players into the platform ? Or ultimately you guys want a very large game offering otherwise you’ll get bored after a few days ?

Also, from your experience, is there anything that you guys think could be done better on current centralised casino ? Any missing features ? Or games you’d like to see ?


Title: Re: Opinion on crypto casino project
Post by: davis196 on August 18, 2023, 10:14:21 AM
OP, you are writing about decentralized gambling but you didn't mention where those "probably fair" games will be hosted.
If the player has to deposit the money somewhere in order to play the games, then this is NOT decentralized gambling.
I'm not an expert in this field, but I think that using smart contracts is the only way to make gambling truly decentralized(by removing the human factor). Good luck, if you really plant to make a truly decentralized no-KYC crypto casino. I don't think that this would be enough for you to win the battle against the big casinos in the crypto gambling industry.


Title: Re: Opinion on crypto casino project
Post by: 348Judah on August 18, 2023, 10:29:39 AM
The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on

I don't know if you already have some experience in gambling establishments before in other to know and have some practical experience with handling a gambling platform together with the gemblers that will be coming onboard, there's need to make an adequate preparation and provisions for these you've mentioned, i also want to believe you're quite aware that finances have the most of the demands to get all these achieved because you will need enough fund for an establishement and also enough money in maintenance and security network.

Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

It all dees not end with bonus, you can make a combination in your own way, provide a desire gambling experience platform, have a combination of games and sports, build a security network, provide a bonus plan, have a functional customer service and many more.





Title: Re: Opinion on crypto casino project
Post by: vv181 on August 18, 2023, 11:08:21 AM
A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

How do you deal with the oracle issues? A decentralized casino requires real-world data and that data is mostly provided by a bookmaker.

You might not require a license to operate, but many popular casino games are from third-party providers, which require a license to operate them. That leads you must develop your own game. Developing a betting game requires tremendous effort, research, and calculation do you have a budget for that? and most importantly, is it probable? Bear in mind, developing your own in-house games is not an easy task.



Title: Re: Opinion on crypto casino project
Post by: itchiba on August 18, 2023, 01:22:33 PM
Absolutely, in order to be completely decentralised we would have to develop our own decentralised game which adds a lot of complexity to the project. As I said above, turns out decentralised casino isn't the right path to take. However, centralised crypto casino with exclusive games seems to be a big enough differentiating factor in order to stand out from the crowd.


Title: Re: Opinion on crypto casino project
Post by: ethereumhunter on August 18, 2023, 01:31:18 PM
Well that’s a lot of answers ! Thanks a lot everyone.

So a decentralised platform that provides anonymity is just an elusive ideal for players which in reality would be too risky to be actually trusted. Risk of being hacked, lack of licence, transaction fees, lack of governance and so on ..

Therefore, KYC isn’t a big deal as long as the operator is licensed, can be trusted and takes care of its players.

Now, you guys do point out among other things that most of the platforms have a similar game offering.

I like the way Stake got its start with Primedice.

Do you think that coming up with a platform that at the beginning only offer one exclusive provably fair game and a very straightforward customer experience can attract players into the platform ? Or ultimately you guys want a very large game offering otherwise you’ll get bored after a few days ?

Also, from your experience, is there anything that you guys think could be done better on current centralised casino ? Any missing features ? Or games you’d like to see ?
If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.


Title: Re: Opinion on crypto casino project
Post by: YOSHIE on August 18, 2023, 01:41:28 PM
I'm interested to launch a crypto casino and I'd like to get your opinion.
His opinion is quite simple.
1. Try to create an online crypto casino first.
2. Enter the main payment and deposit options of Bitcoin and some other types of crypto.
3. Make your gambling platform easy to use on all devices, Android and so on.
4. Prepare a lot of capital, to pay for people's wins.
5. And read the rules on this forum and the rules about online casinos well before they are released.
6. The important thing is fair and honest for your casino users, that's important.
7. and many other things you need to see and learn.

Bottom line: creating an online casino is easy, the difficulty is to develop it fairly and honestly, there are many casinos that run after 1-5 months, because of the bad actions of their team / operator, included the greed of casino owners.
remember don't let the players down in your casino once you've made the whole thing.


Title: Re: Opinion on crypto casino project
Post by: Solosanz on August 18, 2023, 01:45:08 PM
You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 18, 2023, 02:23:51 PM
You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.

Yes you're right, there's no correlation between the two, it was only a point of reference for a decentralised platform with a seamless use.


Title: Re: Opinion on crypto casino project
Post by: Ziskinberg on August 18, 2023, 02:55:10 PM
Quote
A real decentralised crypto casino platform - 100% anonymous.

I'd like to share my perspective on the platform you're considering developing. A decentralized casino, by its nature, suggests a lack of regulation, potentially raising concerns about legality. How can you assure the viability of this platform when gamblers might hesitate due to the fear of engaging with an illegal casino?

In truth, if there was substantial demand for decentralized casinos, it's likely that numerous such casinos would already exist and enjoy popularity. Presently, I haven't come across a widely recognized casino operating on a similar platform. Please understand that I don't mean to be offensive, but it appears that this idea might already be considered outdated.


Title: Re: Opinion on crypto casino project
Post by: Fivestar4everMVP on August 18, 2023, 03:33:39 PM
You mentioned Bitcoin gambler, but then you're mentioned about Uniswap , what's the correlation? Bitcoin has it's own network and Uniswap is using Ethereum network, there's a shitcoin named WBTC that run in Ethereum network, but it's not a real Bitcoin.

I would say it's impossible if you want to create such decentralized casino by connecting through non custodial wallet because Bitcoin non custodial wallet isn't integrated with such dApps.
Well, i think you are wrong, for me, i believe its still possible to build a decentralized casino and still be able to accept Bitcoin deposits and withdrawal even though the decentralized casino is running on a blockchain like Ethereum, Binance smart chain, Polygon, Renec Blockchain, Solana or any other chain, for purposes like this is why WBTC exist in the first place, but just incase the decentralized casino owners want to make it possible for their users to deposit and withdraw the real bitcoin, then they would have to build a separate deposit and withdrawal system specially for bitcoin, this can enable users to deposit and withdraw in real bitcoin, but then, i am not sure this deposit and withdrawal system will be decentralized like it is for the other coins.


Title: Re: Opinion on crypto casino project
Post by: Eureka_07 on August 18, 2023, 03:56:19 PM
<snip>
The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.


Title: Re: Opinion on crypto casino project
Post by: Fivestar4everMVP on August 18, 2023, 04:09:58 PM
<snip>
The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.
Like I've said in one of my previous comments, many do sought after anonymity and privacy when it comes to gambling, and the only way to sort this out is through the building and development of decentralized casinos, but then and unfortunately, the patronage on decentralized casino has been nothing to write home about, that is, patronage for me has been zero, and I think this is due to the fact that the playing experience on decentralized casinos are currently nothing near comparing to playing on centralized casino, remember the popular saying that "to whom much is given, much is also expected", Imagine playing slot game on a decentralized casino and having to pay for gas for every single time you click the Spin button? how feasible is that? and also think about after spending so much on gas fees, and you still end up winning nothing?. decentralized casinos have a long way to go before they become truly usable like their centralized counterpart.


Title: Re: Opinion on crypto casino project
Post by: Distinctin on August 18, 2023, 04:10:15 PM
If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

They would certainly not agree with the idea, as the government aims to regulate things. Cryptocurrency is supposed to promote full anonymity, which differentiates it from centralized systems. However, with government intervention and regulations, us gamblers are heavily affected, and we need to comply if we want to avoid lawsuits.

It's a challenge for this plan project to succeed, so I'm closely monitoring their developments.

Hopefully, it will progress as expected by OP, and our fears and doubts won't materialize. :)


Title: Re: Opinion on crypto casino project
Post by: Doan9269 on August 18, 2023, 04:12:44 PM
The idea is not new; casinos like these exist nowadays. It is popular, but I believe that it could become even more popular in the coming years. Anonymity and privacy are among the most sought-after features for some gamblers, especially within the crypto space. Personally, I would appreciate having this feature, as it offers seamless transactions in and out. However, this would pose another challenge for governments to address. If they do not agree with this idea, we can expect them making announcements to ban these web3 sites.

The government has no decision in making their choice here since they are going to go decentralized, most of the cases whereby government make much interfering to their decision is when they are centralized and being regulated by government, with how things are going today with the digital development in cryptocurrency, gambling is not what the government should have much say in making decisions on how the casinos should operate.


Title: Re: Opinion on crypto casino project
Post by: Yatsan on August 18, 2023, 04:34:18 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.


Title: Re: Opinion on crypto casino project
Post by: so98nn on August 18, 2023, 04:56:44 PM
Welcome to forum and good to know you are dreaming about your own casino. It sounds more fun when it comes to having decentralised casino because these days there is heavy war between the players and their casinos due to burden of submitting the KYC. Some of them are going so harsh that they have segregated the KYC process in various levels where one could be starting point and level 4 or something would be harassment one. Lolz. We surely need more decentralised casinos now because of the reason I mentioned above. Apart from this we are also in need of trusted brands because peeps were left speechless when casino like Betnomi failed us and shown us that no matter how big is the brand we can’t trust it. Only few are left out that we can trust for sure. Hope so you make better version and trusted one.


Title: Re: Opinion on crypto casino project
Post by: Hispo on August 18, 2023, 05:01:24 PM
Quote
A real decentralised crypto casino platform - 100% anonymous.

I'd like to share my perspective on the platform you're considering developing. A decentralized casino, by its nature, suggests a lack of regulation, potentially raising concerns about legality. How can you assure the viability of this platform when gamblers might hesitate due to the fear of engaging with an illegal casino?


A truly decentralized casino will be used to launder money, no doubt about it, and that would be only the tip of the iceberg.

Assuming his decentralized casino ended up being popular enough and attracted many gamblers, eventually authorities would try to shut it down unless OP complied with KYC or even try to block deposits from blacklisted addresses or wallets.

In that context, it would be difficult for a decentralized casino to become a big player within the gambling industry. Sure, this idea is not new that is why we can find some small casinos spread around. People like OP, who are eager to start their own business must first wonder why the biggest casinos are centralized and why we have not seen yet a on-chain casino as big as freebitcoin, Stake or others which have been around for a while.



Title: Re: Opinion on crypto casino project
Post by: itchiba on August 18, 2023, 05:08:33 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

Yes, so quality of service is one the thing that comes back a lot in this thread. When you compare it to big players like stake, roobet, etc .. What can be improved on the quality of their service ?


Title: Re: Opinion on crypto casino project
Post by: dezoel on August 18, 2023, 05:53:40 PM
I don't want to discourage you but the online gambling industry is too saturated, and to take a place where you will run a successful and profitable business will definitely be a difficult thing to do, not to mention the intervention from the authorities even if the platform is decentralized and doesn't have a license. I read somewhere that the authorities have said that they will soon start regulating decentralized platforms as well, so they will probably start the hunt soon.

However, keeping everything apart, you might have a shot if you actually manage to build a platform that will be 100% decentralized and will offer unique and engaging games for the players that they might have never played before, that might get you a good enough user base to keep your platform going.


Title: Re: Opinion on crypto casino project
Post by: abel1337 on August 18, 2023, 06:54:59 PM
Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Probably fair is a standard feature and not an uncommon one. All of the casino should have it given that fairness is always needed to justified but it doesn't mean gamblers would play on a casino because you have are using probably fair games. Centralized and decentralized casino has their own advantage and disadvantages, one thing I think why decentralized casino is not that popular on gamblers are the fees which is absurd after spending a lot of time on a decentralized casinos. People can't get it all. Centralized casino will be stucked at requiring KYC and decentralized is will be stuck in high combined gas fees.


Title: Re: Opinion on crypto casino project
Post by: Westinhome on August 18, 2023, 08:04:48 PM

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.


Title: Re: Opinion on crypto casino project
Post by: danadc on August 18, 2023, 08:13:13 PM

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

I think that this depends a lot on the type of game that they can offer in the casino, when I was starting out, the only casino that I liked to play and that I felt safe was in freebitcoi and so I lost, I was still there, and I was not bored at all , and there were even good communities everywhere, in facebook groups on youtube and in many sites where there were people who were dice fans, I think that if they make a game that is good and basic enough, if they are going to have a lot of community, and if they do it without kyc demands because they have the world insured or surrendered at their feet, I would think about that first.


Title: Re: Opinion on crypto casino project
Post by: Cling18 on August 18, 2023, 08:15:56 PM

If a casino only offers one exclusive game and doesn't add others for a long time, there will not be many gamblers who want to play it except the very enthusiastic gamblers. But if the casino can add more games, it will attract more gamblers to come and play at the casino.

By having more casino games, especially slot games, from various slot game providers, and with services that can satisfy its users, this casino will get a good rating. And the casino can certainly compete with casinos that have already been operating. For KYC, it will be requested by the casino for its gamblers, especially those with big money but it could be applied for gamblers with small money. As for its features, almost all casinos have it and what differentiates it is just a matter of promotion. By making various kinds of promotions, it can attract the attention of more gamblers because the new casino can provide more attractive promotions than other casinos.

The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.

Continuous improvement and innovation are necessary these days so casinos could keep their players. They have to build a good reputation to gain trust first because no matter how many games they may have if they aren't reputable, players will still avoid them.
They have to ensure first that they are providing good services so they can please their gamblers.
I agree that having more games to make the casinos site more exciting has a huge advantage. It is important that they always keep the excitement on the site by also running good promotions and bonuses. Most gamblers who find a casino site boring usually look for another casino that provides more exciting games. They should know the demand of their players so they will know the developments and improvements that they can make to help their casino grow even more.


Title: Re: Opinion on crypto casino project
Post by: Onyeeze on August 18, 2023, 08:24:04 PM
People will be happy for you to launch a new casino gambling platform, because I know very well that gambling is all about having a good platform and good reputation, and mostly what makes people to like a particular casino website is because of how active is the site, because gamblers dislike the situation whereby when you gambles to a particular gambling website and their is no delay of deposit and also no delay of withdrawal the gamblers will consider the gambling website as a preferable website, and the team for live chat should be active so that any complain given by the people patronising the gambling platform should be fast resolved. And secondly for this casino to have more firm in this site they have to launch a signature campaign so through the signature people can get aware of the site


Title: Re: Opinion on crypto casino project
Post by: Hamphser on August 18, 2023, 08:33:46 PM
I'm interested to launch a crypto casino and I'd like to get your opinion.
His opinion is quite simple.
1. Try to create an online crypto casino first.
2. Enter the main payment and deposit options of Bitcoin and some other types of crypto.
3. Make your gambling platform easy to use on all devices, Android and so on.
4. Prepare a lot of capital, to pay for people's wins.
5. And read the rules on this forum and the rules about online casinos well before they are released.
6. The important thing is fair and honest for your casino users, that's important.
7. and many other things you need to see and learn.

Bottom line: creating an online casino is easy, the difficulty is to develop it fairly and honestly, there are many casinos that run after 1-5 months, because of the bad actions of their team / operator, included the greed of casino owners.
remember don't let the players down in your casino once you've made the whole thing.
Adding up.

8. NO KYC
9. Instant deposits
10. Wide variety of games or something unique as possible
11. Make active or aggressive marketing

Lots of factors which would really be needing for you to be able to launch up a project specially on gambling which we know that competition is really that high.
We are really that trying our best on getting that marketshare but of course everything would really be depending or varying on your sites offering whether it is really that
attractive and something that interesting than with those current existing.

Just bare in mind that there's no assurance about success despite on following those points above because the main thing that would really be mattering is on how
you do hook up the interest of the people around to play into your platform. If they do see for it to be shit then it would definitely be ignored.


Title: Re: Opinion on crypto casino project
Post by: Renampun on August 18, 2023, 09:06:59 PM
...
I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

as far as i know, web3 casino actually offers a concept like this (you only connect with your metamask, then make deposits and withdrawals to your metamask account only) cmiiw

although decentralized gambling is a nice concept but the concept of decentralization in gambling will always be complicated by interested parties, each country has different rules for gambling, they even try hard to urge all online gambling sites to implement the KYC system to avoid crimes that are likely to occur (money laundering, underage gambling and gambling addiction).


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 18, 2023, 09:17:04 PM
Alright any software developers in here willing to give it a go ? Message me !


Title: Re: Opinion on crypto casino project
Post by: South Park on August 18, 2023, 09:25:16 PM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
You can try but there is a reason casinos are moving towards a KYC model despite their customers not liking it, and this is because the pressure they are going through from the authorities is huge, if you create a casino like this it is possible you could get away with it for some time, but if your casino really got popular and a lot of people began to use it then you can sure that at some point governments will knock on your door and force you to include KYC policies.


Title: Re: Opinion on crypto casino project
Post by: Weawant on August 18, 2023, 09:47:16 PM
I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !

While building this decentralized casino, you'll encounter some challenge like chosing the best blockchain the casino will be built on and this will limit the participants that'll want to use your exchange because there's a division in the community of which blockchain is the best.

You can also decide to make the casino a multi chain casino that you can connect using all the decentralized smart contracts, I don't know if this is possible yet but this will give you more advantage than using only one blockchain as you won't get the users of the other smart contracts.

Trust is also going to be an issue since nobody knows the founder of the casino and it isn't liences so if you can escrow a backup funds that'll be used to pay your customers if anything was to happen to the casino funds as a result of hack then people can trust your casino.


Title: Re: Opinion on crypto casino project
Post by: AmoreJaz on August 18, 2023, 09:56:31 PM
I don't want to discourage you but the online gambling industry is too saturated, and to take a place where you will run a successful and profitable business will definitely be a difficult thing to do, not to mention the intervention from the authorities even if the platform is decentralized and doesn't have a license. I read somewhere that the authorities have said that they will soon start regulating decentralized platforms as well, so they will probably start the hunt soon.

However, keeping everything apart, you might have a shot if you actually manage to build a platform that will be 100% decentralized and will offer unique and engaging games for the players that they might have never played before, that might get you a good enough user base to keep your platform going.

first and foremost, you need to consider your bankroll here. if you have small bankroll to begin with and no other potential resources, better not start at all. because with the existing casinos and bookies, you can't compete with them even if you say you will offer other unique features. you will only incur expenses but won't get the return that you want. so before you buy a domain for this project, think of your financial status first. am also not encouraging but realistic with your situation.


Title: Re: Opinion on crypto casino project
Post by: khaled0111 on August 18, 2023, 10:59:41 PM
Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.
Not necessarily true. No one would argue that gambling is one of the most competitive businesses but there is still room for new casinos to get a piece of the pie. There are many examples on this forum that confirm this. Some casinos were launched not long ago and they are doing well.

Quote
A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
This is a very good idea. But the pressure from regulators will get higher and higher as your casino grows. So you need to be ready for this.

Quote
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.
Provably fair will prove the games aren't rigged but it's not enough to gain trust.


Title: Re: Opinion on crypto casino project
Post by: decodx on August 18, 2023, 11:22:46 PM
While building this decentralized casino, you'll encounter some challenge like chosing the best blockchain the casino will be built on and this will limit the participants that'll want to use your exchange because there's a division in the community of which blockchain is the best.

You can also decide to make the casino a multi chain casino that you can connect using all the decentralized smart contracts, I don't know if this is possible yet but this will give you more advantage than using only one blockchain as you won't get the users of the other smart contracts.

Trust is also going to be an issue since nobody knows the founder of the casino and it isn't liences so if you can escrow a backup funds that'll be used to pay your customers if anything was to happen to the casino funds as a result of hack then people can trust your casino.

You've covered all the important stuff about the challenges of making a fully decentralized casino. I want to add a bit more to this.

Let's talk about domains and hosting servers. So, while a decentralized casino could, in theory, do its thing entirely on the blockchain using smart contracts and dapps, it still needs a place to put up its website for players to get in and connect their wallets. Now, the issue with hosting and domains is that they're kind of centralized systems. This means they could end up being affected by government rules and regulations, which isn't ideal.


Title: Re: Opinion on crypto casino project
Post by: Chikito on August 19, 2023, 01:33:28 AM
It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Many things you have to think if want to build a casino. Not just a habit of the players, but something different that can make them keep use your casino. Actually, if they are comfortable even using a little money I think is still good than a person who deposits a big money but only one time playing at your casino. So, the casino must have a royal player which might have a positive impact in the future, indirectly, they will cover your casino if have problems, a royal player will unlikely to disgrace your casino if have complaints or queries from new players.


Title: Re: Opinion on crypto casino project
Post by: Fivestar4everMVP on August 19, 2023, 02:02:13 AM
It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Many things you have to think if want to build a casino. Not just a habit of the players, but something different that can make them keep use your casino. Actually, if they are comfortable even using a little money I think is still good than a person who deposits a big money but only one time playing at your casino. So, the casino must have a royal player which might have a positive impact in the future, indirectly, they will cover your casino if have problems, a royal player will unlikely to disgrace your casino if have complaints or queries from new players.

By royal, i believe you meant Loyal, Anyways, you are right, most especially in the area of having something different that could cause players to stay glued to the casino for a very long time, running a gambling casino have become a very lucrative , but also a very competitive business, and this is because there are already a lot of gambling casinos, big ones and doing very well, they spend millions of dollars in advertisements, promotions and big partnerships, they are so popular in the gambling industry, and this makes the whole thing look like there are no place for the smaller and up coming casinos, so for anyone building a casino, he or she must implement some really cool and very unique ideas that will help attract players, some new casinos sometimes depend on bonuses and promotions, but to me, that is not enough to win loyal players, what will make players stay with a casino is some kind of interesting features or games they cant find anywhere else.


Title: Re: Opinion on crypto casino project
Post by: tusandii on August 19, 2023, 03:19:42 AM
Alright any software developers in here willing to give it a go ? Message me !
What kind of development do you mean?
I hope you are willing to explain it here because this is your thread so that if all development and updates are included in this thread it can provide information to all members who enter your thread instead of asking to be able to contact via private messages.
This thread is made for public purposes so any update regarding development you should say here so that we all can know and understand it in details.

This is a suggestion so you can gain trust instead of making users wonder what exactly was going on in the development.
Please understand.


Title: Re: Opinion on crypto casino project
Post by: pakhitheboss on August 19, 2023, 03:26:33 AM
While building this decentralized casino, you'll encounter some challenge like chosing the best blockchain the casino will be built on and this will limit the participants that'll want to use your exchange because there's a division in the community of which blockchain is the best.

You can also decide to make the casino a multi chain casino that you can connect using all the decentralized smart contracts, I don't know if this is possible yet but this will give you more advantage than using only one blockchain as you won't get the users of the other smart contracts.

Trust is also going to be an issue since nobody knows the founder of the casino and it isn't liences so if you can escrow a backup funds that'll be used to pay your customers if anything was to happen to the casino funds as a result of hack then people can trust your casino.

You've covered all the important stuff about the challenges of making a fully decentralized casino. I want to add a bit more to this.

Let's talk about domains and hosting servers. So, while a decentralized casino could, in theory, do its thing entirely on the blockchain using smart contracts and dapps, it still needs a place to put up its website for players to get in and connect their wallets. Now, the issue with hosting and domains is that they're kind of centralized systems. This means they could end up being affected by government rules and regulations, which isn't ideal.


Full decentralization is not possible when you are talking about hosting and buying a domain name. OP could go ahead and setup his own server with domain name then again OP would have access to everything which again makes it centralized. What OP said is to create a casino on Web3 platform wherein the user is in control of his funds and not the platform. Decentralization doesn't work everywhere it only works when transaction is done on the blockchain.


Title: Re: Opinion on crypto casino project
Post by: ethereumhunter on August 19, 2023, 04:53:17 AM
The basic thing is gambling website should have enough game to make the gambler engaged to all the game in their website.Some good website fail to launch many games in their website,then their existence was mere exist.The main reason for their exit due to the less number of games in their website.If the casino doesn't compulsory the KYC to their users,then we should check the background of that website.Because the most of the casino which doesn't have KYC may be scam or fraud to get your money.So mostly prepare the casino with the KYC,that gambling site will doesn't allow the money laundering.
Having more gambling games will make many gamblers happy to be at the casino to play. And maybe they will spend longer than usual looking around and looking for the gambling game they want. Moreover, if the casino does not require its users to do KYC, the users will surely enjoy gambling there and come back as often as possible and there may be some people who will make the casino their casino of choice. But for now, it's hard to find a casino that really doesn't require KYC for its users even though it still exists. And we also have to be careful of casinos that we suspect are scam casinos because they are still difficult to detect except for those already well-known for their scams.


Title: Re: Opinion on crypto casino project
Post by: delfastTions on August 19, 2023, 05:01:22 AM
While building this decentralized casino, you'll encounter some challenge like chosing the best blockchain the casino will be built on and this will limit the participants that'll want to use your exchange because there's a division in the community of which blockchain is the best.

You can also decide to make the casino a multi chain casino that you can connect using all the decentralized smart contracts, I don't know if this is possible yet but this will give you more advantage than using only one blockchain as you won't get the users of the other smart contracts.

Trust is also going to be an issue since nobody knows the founder of the casino and it isn't liences so if you can escrow a backup funds that'll be used to pay your customers if anything was to happen to the casino funds as a result of hack then people can trust your casino.

You've covered all the important stuff about the challenges of making a fully decentralized casino. I want to add a bit more to this.

Let's talk about domains and hosting servers. So, while a decentralized casino could, in theory, do its thing entirely on the blockchain using smart contracts and dapps, it still needs a place to put up its website for players to get in and connect their wallets. Now, the issue with hosting and domains is that they're kind of centralized systems. This means they could end up being affected by government rules and regulations, which isn't ideal.


Full decentralization is not possible when you are talking about hosting and buying a domain name. OP could go ahead and setup his own server with domain name then again OP would have access to everything which again makes it centralized. What OP said is to create a casino on Web3 platform wherein the user is in control of his funds and not the platform. Decentralization doesn't work everywhere it only works when transaction is done on the blockchain.
Yeah!  I agree with it.  
As soon as we are talking about the hardware and directly about the servers, it immediately makes no sense to talk about decentralization, since both the owner of the servers and their location will immediately become known.  Therefore, of course, only blockchain can bring decentralization closer.  And the fact that all PoS blockchains are actually not completely decentralized, it is worth considering PoW protocols as options closest to decentralization.  But here the choice of blockchains is not at all as large and often the functionality in matters of smart contracts is not as extensive as in the PoS blockchain, and this narrows the possibilities of their application.  
In general, we still have to go through the stages of formation of at least partial decentralization in the Web 3 space.  There is still a lot of work in this direction for developers, and apparently we cannot do without some kind of breakthrough discoveries and inventions.


Title: Re: Opinion on crypto casino project
Post by: Peanutswar on August 19, 2023, 05:31:12 AM
Even though we are using a cryptocurrency in our gambling activity and keep anonymity we can't do this in a centralized platform reason why ideal if you don't want to have a KYC is to use a decentralized casino, Most of the known casino still have their KYC feature even though just a lower level that requires information of the user, like email and phone number, this could help too for your daily use because expected things happen you can use those for recovery, but again its now a centralized platform you cant do argue as always if you didn't read their terms and conditions. Reason why as always takes time to read before deposit your money.


Title: Re: Opinion on crypto casino project
Post by: libert19 on August 19, 2023, 05:34:29 AM
In my opinion, people go to particular casino for the reputation it has built over the years and the confidence that they are less likely to do fraud with kyc and their funds.

Now, this can be done by any new casino, consistently provide good service and then the day will come when you will be recognized and compete with head of tables, thing is preservence. Stake is king of throne right now, it won't be forever.

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

You could make an on-chain casino but they work best on fee less blockchains (I only know Hive and have created a post about casino found here (https://bitcointalk.org/index.php?topic=5434940.0)). Otherwise paying transaction fees for each transaction is simply not worth it, even at cheapest blockchain — consider it has 1 cent transaction fee, 100 transaction which are quick to do and you lose 1$, transaction confirmation time also matters.







Title: Re: Opinion on crypto casino project
Post by: vv181 on August 19, 2023, 06:32:24 AM
Absolutely, in order to be completely decentralised we would have to develop our own decentralised game which adds a lot of complexity to the project. As I said above, turns out decentralised casino isn't the right path to take. However, centralised crypto casino with exclusive games seems to be a big enough differentiating factor in order to stand out from the crowd.

Indeed but it also applies when you develop the game even if the casino is just a regular centralized one. Making a unique game means you are building from scratch, although not completely, but you are required to build the game design, mechanism, and most importantly the algorithm set within the game itself. Surely you did not want to build a game that the house did not win.

To have a unique casino by merely having an exclusive game is, I think, still not enough. A lot of other factors still need to be considered to compete within the cryptocurrency casino market.


Title: Re: Opinion on crypto casino project
Post by: Mr. Magkaisa on August 19, 2023, 06:51:37 AM
     -     In this day and age I will rarely see crypto casinos that are under a decentralized based system. Most of the crypto gamblers, their gambling games are purely centralized casinos in the crypto space, not because the players are used to it, but in other aspects it is good.

Assuming that as you mentioned that the casino you will build is similar to uniswap as far as I can see there will be more frequent charges here compared to the centralized cryptocurrency casino.


Title: Re: Opinion on crypto casino project
Post by: Kakmakr on August 19, 2023, 07:17:36 AM
I do not want to burst your bubble... but the "NO KYC" sales pitch has been used by all new entries into the gambling scene. They start out with zero KYC requirements... gain a lot of gamblers ...and then the regulators takes notice of them and force them to adhere to the law.

The most recent example is one of the biggest and oldest operators out there.... namely : Freebitco.in  ::)  They have moved under the radar for years, but their FUN token project and their links with other casinos... exposed them. (Stake.com also started with no forced KYC requirements... and look where they are now)  ::) ::) ::)


Title: Re: Opinion on crypto casino project
Post by: 348Judah on August 19, 2023, 10:01:52 AM
It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Many things you have to think if want to build a casino. Not just a habit of the players, but something different that can make them keep use your casino. Actually, if they are comfortable even using a little money I think is still good than a person who deposits a big money but only one time playing at your casino. So, the casino must have a royal player which might have a positive impact in the future, indirectly, they will cover your casino if have problems, a royal player will unlikely to disgrace your casino if have complaints or queries from new players.

We have to make the balance in this two forms, you must have your own plan on ground and also be ready to be consideate in receiving feedbacks from gamblers because they will have their own suggestions to give because they know what they want, we have to work with both end to haveba better experience in presenting a perfect casino establishment, also considering a signature campaign in promoting your website is also something that can be checked on.


Title: Re: Opinion on crypto casino project
Post by: Darker45 on August 19, 2023, 11:16:49 AM
~snip~
Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

Yes, so quality of service is one the thing that comes back a lot in this thread. When you compare it to big players like stake, roobet, etc .. What can be improved on the quality of their service ?

This is a good place to start. But I guess you will have to open another thread for this. It seems everybody here is only responding to your original post.

I think it's all right to ask the users of top or popular casinos what particular challenges, problems, or complaints they have with them. Or perhaps what particular improvements they wish to see in their favorite casinos.

But, to be honest, it's probably just about how much money you have. It's largely just a battle of promotion and marketing. When your casino has free and instant withdrawal, provides 24/7 instant support for players, doesn't ask for KYC, provable, has high withdrawal and deposit limits, offers generous bonuses and freebies, low house edge, has a wide array of exciting games, and so on and so forth, it's good to go. The only problem is how to reach potential gamblers. You need money for it.


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 19, 2023, 11:41:00 AM
Alright any software developers in here willing to give it a go ? Message me !
What kind of development do you mean?
I hope you are willing to explain it here because this is your thread so that if all development and updates are included in this thread it can provide information to all members who enter your thread instead of asking to be able to contact via private messages.
This thread is made for public purposes so any update regarding development you should say here so that we all can know and understand it in details.

This is a suggestion so you can gain trust instead of making users wonder what exactly was going on in the development.
Please understand.

I meant developers looking to collaborate with me in order to build a centralised crypto casino platform. It can be done publicly I have no problem with that !

~snip~
Well, you're right but quite missing some points. Every gambling sit or online casinos could give huge offers to welcome new players in their platform. They could also provide the same kind of games if that would be the demand but what keeps a casino alive is its players' loyalty. How would the players stay in one site? Quality of service. This is somewhat being forgotten by new ones in this industry but I believe this is the most important thing a casino should have. No delays with payments, less issues with fraud, and no cheating instances. This would establish a trust from your players and that will eventually be your edge over others.

Yes, so quality of service is one the thing that comes back a lot in this thread. When you compare it to big players like stake, roobet, etc .. What can be improved on the quality of their service ?

This is a good place to start. But I guess you will have to open another thread for this. It seems everybody here is only responding to your original post.

I think it's all right to ask the users of top or popular casinos what particular challenges, problems, or complaints they have with them. Or perhaps what particular improvements they wish to see in their favorite casinos.

But, to be honest, it's probably just about how much money you have. It's largely just a battle of promotion and marketing. When your casino has free and instant withdrawal, provides 24/7 instant support for players, doesn't ask for KYC, provable, has high withdrawal and deposit limits, offers generous bonuses and freebies, low house edge, has a wide array of exciting games, and so on and so forth, it's good to go. The only problem is how to reach potential gamblers. You need money for it.

I truly believe that if we manage to build a casino hand in hand with the players, we can get it off the ground without a large amount of capital. Then in order to scale it will require more capital but online casinos are renowned to be substantially profitable which means you can bankroll your growth without relying on external funding. You're right I thing opening a new thread might be a better idea if I want feedback from the players on what they'd like to improve.


Title: Re: Opinion on crypto casino project
Post by: Porfirii on August 19, 2023, 01:25:38 PM
It sounds great when you say that you believe in building a casino hand in hand with the players, but the , why not make it fully decentralised? I don't know, maybe this is not technically possible, or unviable from the point of view of the business, but if you managed to create a truly different service, it could be a boom.


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 19, 2023, 01:41:09 PM
It sounds great when you say that you believe in building a casino hand in hand with the players, but the , why not make it fully decentralised? I don't know, maybe this is not technically possible, or unviable from the point of view of the business, but if you managed to create a truly different service, it could be a boom.
Simply because it turns out to be unpractical from the players point of view. The main one in my opinion being the transaction fees every time you want to play. If we're looking for a high quality customer experience then centralised is the way to go.


Title: Re: Opinion on crypto casino project
Post by: decodx on August 19, 2023, 02:44:00 PM
It sounds great when you say that you believe in building a casino hand in hand with the players, but the , why not make it fully decentralised? I don't know, maybe this is not technically possible, or unviable from the point of view of the business, but if you managed to create a truly different service, it could be a boom.
Simply because it turns out to be unpractical from the players point of view. The main one in my opinion being the transaction fees every time you want to play. If we're looking for a high quality customer experience then centralised is the way to go.

I don't really consider transaction fees as a major problem. There are blockchains with free or very low fees. However, we've already discussed several other relevant issues before. Take domain purchasing and hosting, for instance. No matter where you acquire a domain or host your website, your casino site will come under regulatory scrutiny. Or it will simply be blocked or shut down.


I truly believe that if we manage to build a casino hand in hand with the players, we can get it off the ground without a large amount of capital. Then in order to scale it will require more capital but online casinos are renowned to be substantially profitable which means you can bankroll your growth without relying on external funding. You're right I thing opening a new thread might be a better idea if I want feedback from the players on what they'd like to improve.

I'm not totally sure it would work out that way. Imagine you somehow pull off creating a functional online casino on a tight budget, and, by some stroke of luck, you actually draw in new players. Well, now you'll require capital to handle potential big wins. Think about it – what if, for instance, a player bets $100 at x99 odds and strikes gold? You'd need a bankroll of at least $10k and more to cover that kind of win and stay in the game.

That's why I think that starting an online casino without a significant amount of capital is a very bad idea, unless you're aiming for a quick and risky adventure rather than a sustainable business.


Title: Re: Opinion on crypto casino project
Post by: bitbollo on August 19, 2023, 03:17:21 PM
My opinion
It is not the first time that a similar project has been proposed. the real question would be, what guarantees the profitability, liquidity and therefore the exchange of this new token/casino?
the profits (and consequently) the decisions by whom are taken?
is it really possible to launch a 100% decentralized project? ::)


Title: Re: Opinion on crypto casino project
Post by: piebeyb on August 19, 2023, 03:25:35 PM
It sounds great when you say that you believe in building a casino hand in hand with the players, but the , why not make it fully decentralised? I don't know, maybe this is not technically possible, or unviable from the point of view of the business, but if you managed to create a truly different service, it could be a boom.
But usually things like that will eventually disappear too, not many survive decentralized casinos because of course there is a lot of pressure from the government and others so in the end you have to apply the rules too, we see sites like freebitcoin which so far have not asked for KYC now they will implement it, not forever decentralized casinos or gambling will last.

Some of them may have started following government regulations and changing strict rules. In the end, for this reason, we cannot say that this will be great in the future, because there are many things to think about, that in fact we, as gamblers, are not happy with KYC. so a decentralized existence like this is definitely supported but the fact is that on the ground they stopped the business and just disappeared.


Title: Re: Opinion on crypto casino project
Post by: slapper on August 19, 2023, 03:31:57 PM
Believe a decentralized casino without KYC will offer you an edge over the competition? Seriously? Are you familiar with the cryptographic industry? Unless your platform has appropriate security and trust, gamers won't flock to it

Consider running this "100% anonymous" site if you succeed. Do you understand the strain and attention? Large firms can navigate regulatory scrutiny with their influence. Are you sure you can dance here without burning?

This "no need for a license" nonsense? Funny and cute. Joke! But if you suddenly, against all odds, succeed and offer a truly anonymous platform? You would govern all casinos and be their deity, darling. Good luck until then. Need it


Title: Re: Opinion on crypto casino project
Post by: Johnyz on August 19, 2023, 07:04:33 PM
My opinion
It is not the first time that a similar project has been proposed. the real question would be, what guarantees the profitability, liquidity and therefore the exchange of this new token/casino?
the profits (and consequently) the decisions by whom are taken?
is it really possible to launch a 100% decentralized project? ::)
On-point, there’s already an attempt but only few survive the market competition.
Though this is casino so guaranteed profit might not be there but the real concern here is the liquidity and the security of a decentralized platform. This is the common problem from a decentralized project, its security so better to analyze how the site can assure the safety of every gambler and of course the liquidity. 


Title: Re: Opinion on crypto casino project
Post by: Casdinyard on August 19, 2023, 09:29:54 PM
My biggest question mark about this whole decentralized casino thingy is that, how would you be able to protect your users against hackers and scammers? What is the base of operations when someone, let's say a gambler of yours found out that a hacker swiped his whole bankroll off of his bank account? Because the very least with KYC we'd get somewhere with all the investigations and proof that you can give out for whether someone really was hacked or whatnot, with decentralized casinos that couldn't be done.

What would you do in these types of situations, plus besides the fact that your casino's catering to the people who wanted to stay private, what else would you be able to provide to the table? The whole industry's been very comfortable with the whole KYC setup now and if the only thing that's going for you is the fact that you don't offer KYC, you guys would have a pretty hard time getting people to trust you.


Title: Re: Opinion on crypto casino project
Post by: famososMuertos on August 19, 2023, 09:46:28 PM
An "ideal" crypto casino includes decentralization, withdrawals are immediate, and there are no limits on deposits and withdrawals. And put the icing on the cake with a royalty system that allows the famous win-win phrase, that is, the Casino wins and the players benefit.

With the latter, several casinos try and have tried, including distributing the profits with tokens, Baul, etc. but the formula has not worked, if you look at the most successful casinos, they follow the traditional idea of Fiat casinos and in fact they are so similar that KYC is not missing from the winning formula.



Title: Re: Opinion on crypto casino project
Post by: Saint-loup on August 19, 2023, 09:48:16 PM
Yes I think it's a real good idea because people are more and more wary of crypto centralized casinos. Many testimonies of customers, especially winners are surfacing here and on other medias about account locked with their funds while casinos are asking endless KYC in order to keep their own funds and their winning. Even from the largest ones like the one you've mentioned.
So decentralized casinos will certainly attract more and more gamblers in the coming years, especially the full decentralized ones that don't require any deposit and send winnings directly to the wallets.


Title: Re: Opinion on crypto casino project
Post by: serjent05 on August 19, 2023, 09:53:56 PM
I truly believe that if we manage to build a casino hand in hand with the players, we can get it off the ground without a large amount of capital. Then in order to scale it will require more capital but online casinos are renowned to be substantially profitable which means you can bankroll your growth without relying on external funding. You're right I thing opening a new thread might be a better idea if I want feedback from the players on what they'd like to improve.

If you have enough funds to run the site and supplement the bankroll by having the capability to pay huge winners then I think you don't need to rely on external funding.  But if you are limiting in the budget, there is no harm to race crowdfunding in order to make the finances of the planned casino stable.  You just need to create a justifiable deal for these investors.

Other creates token sales, or NFT sales that have an in-casino effect such as boosting rakeback, boosting cashback, and more (see Rollbit on how they do it)


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 19, 2023, 11:08:34 PM
I truly believe that if we manage to build a casino hand in hand with the players, we can get it off the ground without a large amount of capital. Then in order to scale it will require more capital but online casinos are renowned to be substantially profitable which means you can bankroll your growth without relying on external funding. You're right I thing opening a new thread might be a better idea if I want feedback from the players on what they'd like to improve.

If you have enough funds to run the site and supplement the bankroll by having the capability to pay huge winners then I think you don't need to rely on external funding.  But if you are limiting in the budget, there is no harm to race crowdfunding in order to make the finances of the planned casino stable.  You just need to create a justifiable deal for these investors.

Other creates token sales, or NFT sales that have an in-casino effect such as boosting rakeback, boosting cashback, and more (see Rollbit on how they do it)

I actually never thought about this but do you guys think that using crowdfunding in order to kickstart the project would work ? What would make you want to contribute ?


Title: Re: Opinion on crypto casino project
Post by: TimeTeller on August 19, 2023, 11:19:44 PM
I truly believe that if we manage to build a casino hand in hand with the players, we can get it off the ground without a large amount of capital. Then in order to scale it will require more capital but online casinos are renowned to be substantially profitable which means you can bankroll your growth without relying on external funding. You're right I thing opening a new thread might be a better idea if I want feedback from the players on what they'd like to improve.

If you have enough funds to run the site and supplement the bankroll by having the capability to pay huge winners then I think you don't need to rely on external funding.  But if you are limiting in the budget, there is no harm to race crowdfunding in order to make the finances of the planned casino stable.  You just need to create a justifiable deal for these investors.

Other creates token sales, or NFT sales that have an in-casino effect such as boosting rakeback, boosting cashback, and more (see Rollbit on how they do it)

Hard to collect funds from crowdsourcing these days, so it is better to look for private investors instead.
If you truly believe that your project is quite strong, this would be easy to pitch with potential investors.
But if you can't even convince one investor, then, better think of your choices here because you maybe are wasting your time.
And even if you have enough funds, but lack of knowledge about this business, still no assurance that you will attain success.
Think of the people that will get involved in your project, a solo project is not advisable for long-term considerations.


Title: Re: Opinion on crypto casino project
Post by: TastyChillySauce00 on August 19, 2023, 11:50:32 PM
I actually never thought about this but do you guys think that using crowdfunding in order to kickstart the project would work ? What would make you want to contribute ?

I remember many casino projects have been raised their funds to funding their project. It would work as long as the creator of the project being a honest developer. The fact that if people will be willing to contribute as long as there are promising thing like the project being backed by venture capital. The problem is how hard gaining the trust from the investors to help you in funding your project. The fact that if so many casino projects have been raising a lot of money to develop their platforms but they failed.

https://coinmarketcap.com/view/gambling/

I can't deny that how hard to build to gain the trust from investors these days as they will be only investing in your project as long as they will got something from you. It's pretty much the same like selling token. They will not be willing to give their money for you for free.


Title: Re: Opinion on crypto casino project
Post by: Chikito on August 20, 2023, 03:35:38 AM

I actually never thought about this but do you guys think that using crowdfunding in order to kickstart the project would work ? What would make you want to contribute ?
It depends on how you manage it, if you haven't a compatible team who can work together with you, then you will get zonk and all the crowdfund will be forfeited. You have to be careful, because it involves public funds, if you can't and make a big loss at one time, that possibly will be a big riot for your company. If I were you, I will avoid using crowdfunding, it will make you depressed and always chase in targets to manage the casino. Better to use the money that only you who manage it.


Title: Re: Opinion on crypto casino project
Post by: Rabata on August 20, 2023, 06:19:40 AM
Establishing a casino is not a very easy task. On the one hand you have to compete with reputable casino and on the other hand you have to spend a lot of money. When a new company advances both financially and competitively, it will be able to establish its business in the market. ‍and It used to be said that anonymity was one of the reasons why crypto casino gamblers preferred it but nowadays it is no longer possible. KYC is now mandatory in every casino. No one can ignore government laws., especially to prevent money laundering.


Title: Re: Opinion on crypto casino project
Post by: Outhue on August 20, 2023, 07:15:42 AM
After Stake casino success, few new online casinos started their business and they still become successful, you don't have to create an online casino right now and expect it to be top on the list in few months, it's a slow process.

The truth about gamblers is they don't like staying on one casino, remember, loses happens on any gambling platform either popular or not, Stake is very good but it's not everyone's favourite, because people still lose money on the casino too.

Most gamblers have two or three best casinos they use for gambling, I also use two online casinos myself, and KYC is also something you can't escape, if you start having high traffic on your online casino, regulators will come knocking and you will be forced to implement KYC verification.

If you can keep the NO KYC Requirement active on your casino, it's because your platform isn't well known yet.


Title: Re: Opinion on crypto casino project
Post by: Haunebu on August 20, 2023, 07:53:49 AM
Good thinking op. However, what you are aiming for is easier said than done. Many crypto gambling sites aimed to being completely decentralised sites by never requesting KYC at any stage, but that changed thanks to government intervention.

If you manage to somehow develop a site that is 100% legit and KYC free, kudos to you.

Your site would in such a case have the potential to rival top sites like Stake etc in the future though it was a humungous mountain to climb. All the best op!


Title: Re: Opinion on crypto casino project
Post by: ethereumhunter on August 20, 2023, 08:36:23 AM
Establishing a casino is not a very easy task. On the one hand you have to compete with reputable casino and on the other hand you have to spend a lot of money. When a new company advances both financially and competitively, it will be able to establish its business in the market. ‍and It used to be said that anonymity was one of the reasons why crypto casino gamblers preferred it but nowadays it is no longer possible. KYC is now mandatory in every casino. No one can ignore government laws., especially to prevent money laundering.
Having money is necessary to build a business and we are talking about building a casino, where it will cost a lot of money. We have to think of a promotion strategy that we want to do so that our casino can develop more advanced than before. Apart from that, we must be able to compete with other casinos that have already existed, so this will require promotions that are more and better than other casinos to attract the attention of these gamblers.


Title: Re: Opinion on crypto casino project
Post by: itchiba on August 20, 2023, 09:04:20 AM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !


Title: Re: Opinion on crypto casino project
Post by: Peanutswar on August 20, 2023, 09:05:33 AM
Alright any software developers in here willing to give it a go ? Message me !
What kind of development do you mean?
I hope you are willing to explain it here because this is your thread so that if all development and updates are included in this thread it can provide information to all members who enter your thread instead of asking to be able to contact via private messages.
This thread is made for public purposes so any update regarding development you should say here so that we all can know and understand it in details.

This is a suggestion so you can gain trust instead of making users wonder what exactly was going on in the development.
Please understand.

I meant developers looking to collaborate with me in order to build a centralised crypto casino platform. It can be done publicly I have no problem with that !

~~
~~
You can freely open a thread in our service board or in the service announcement to make a discussion with your thing, but for me its quite hard if you didn't know the person behind itself I guess need to consider a KYC or show themselves before you make both collab a project, as far as I know one of the member here Yatsan have this offering of a project. You can check it out here. [OPEN]🍀Yatsan Blockchain Project Development Services🍀 (https://bitcointalk.org/index.php?topic=5445363.0)


Title: Re: Opinion on crypto casino project
Post by: Weawant on August 20, 2023, 09:17:07 AM
In my opinion, people go to particular casino for the reputation it has built over the years and the confidence that they are less likely to do fraud with kyc and their funds.

Now, this can be done by any new casino, consistently provide good service and then the day will come when you will be recognized and compete with head of tables, thing is preservence. Stake is king of throne right now, it won't be forever.

You're right, many gamblers use a particular casino because of the reputation it has gained for been trustworthy. No new casino can come into the scene and dominate immediately. Stake platform isn't a new and it has been around for some time but just gaining attention now.

Any casino that's launching will need time to get gamblers attention therefore they shouldn't waste their money in marketing immediately they start, they should grow organically so they can have loyal fans that won't leave them when they're not the most popular casino.

One challenge of any casino trying to offer a service for decentralized gambling is where to host their sever in a decentralize manner and it surprises me that we don't have a decentralized hosting company operating which means no casino can be fully decentralized.


Title: Re: Opinion on crypto casino project
Post by: JackpotRacer on August 20, 2023, 09:27:20 AM


I also think that it is better to have a centralized casino with higher threshold to trigger KYC requirement.

You have brought up a very good point here.


Title: Re: Opinion on crypto casino project
Post by: Solosanz on August 20, 2023, 09:28:27 AM
Well, i think you are wrong, for me, i believe its still possible to build a decentralized casino and still be able to accept Bitcoin deposits and withdrawal even though the decentralized casino is running on a blockchain like Ethereum, Binance smart chain, Polygon, Renec Blockchain, Solana or any other chain, for purposes like this is why WBTC exist in the first place, but just incase the decentralized casino owners want to make it possible for their users to deposit and withdraw the real bitcoin, then they would have to build a separate deposit and withdrawal system specially for bitcoin, this can enable users to deposit and withdraw in real bitcoin, but then, i am not sure this deposit and withdrawal system will be decentralized like it is for the other coins.
You're contradict yourself, I already said it's about the casino with Bitcoin, not the casino with centralized shitcoins.

I already know those kind decentralized casino that enable centralized shitcoins to gamble through non custodial wallet and they still accept Bitcoin, but it must make a deposit, not through the non custodial wallet! owlgames, betfury, etc.

WBTC is a shitcoin, don't mix with BTC.


Title: Re: Opinion on crypto casino project
Post by: JackpotRacer on August 20, 2023, 09:38:49 AM
all types of games in the casino have the same character. gamblers who play slots more often will spend their money and time playing slots. if you want to make a casino with unique games, I don't know what uniqueness you will actually offer.

Well, I don't really agree with that opinion. There is always room to invent something new; that's how innovation has driven progress throughout history. Take, for example, the dice game – these things didn't really exist in online casinos before the emergence of crypto casinos. The same applies to the crash game, which I believe the first version was created sometime in 2015. Plus, bringing in these new games is a reminder that even old-school ideas can get a modern twist.


you hit the nail on the head. new games or old games with a new twist, this is the way to go.


Title: Re: Opinion on crypto casino project
Post by: so98nn on August 20, 2023, 09:55:26 AM
It sounds great when you say that you believe in building a casino hand in hand with the players, but the , why not make it fully decentralised? I don't know, maybe this is not technically possible, or unviable from the point of view of the business, but if you managed to create a truly different service, it could be a boom.
Simply because it turns out to be unpractical from the players point of view. The main one in my opinion being the transaction fees every time you want to play. If we're looking for a high quality customer experience then centralised is the way to go.

That is the fair point when it comes to taking players hand in hand and making a casino like that. That's gonna increase the house edge because you will have to pay from that only and to keep it running for a very long period of time this could be troublesome. You will need to work on a detailed workflow of money because managing open source where players are committing their time will need to be paid off. I think at that point it will be evident why other casinos even if they are centralized are easier to work with since they are giving huge money back to players and not keeping a lot for themselves. It's like they are working based on the low house edge but more players are onboarded with their own money to wager.

Though everything needs a piece of expert advice. Since the casino is a business associated with the monetary movement, it is better to have a CA and legal team on board!



Title: Re: Opinion on crypto casino project
Post by: piebeyb on August 20, 2023, 09:55:58 AM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
It's great if you make ANN threads about the site you want to build, at least you can make your account a copper member to make the thread look good with a nice display of image designs to attract attention to the site or casino platform you want to promote here, why not to creating something has to look good to the users of this forum in order to get positive feedback too.

But if you want to make a thread about feedback like this thread I think no need for a new thread just this thread you will find a lot of feedback about your ideas also great response for any opinion of your crypto casino project at least don't create a thread which will later be filled with post spam, but if you feel ready with your casino platform why not follow my method above.


Title: Re: Opinion on crypto casino project
Post by: Mr. Magkaisa on August 20, 2023, 10:31:34 AM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
It's great if you make ANN threads about the site you want to build, at least you can make your account a copper member to make the thread look good with a nice display of image designs to attract attention to the site or casino platform you want to promote here, why not to creating something has to look good to the users of this forum in order to get positive feedback too.

But if you want to make a thread about feedback like this thread I think no need for a new thread just this thread you will find a lot of feedback about your ideas also great response for any opinion of your crypto casino project at least don't create a thread which will later be filled with post spam, but if you feel ready with your casino platform why not follow my method above.

     -      Agreed  on this one, because having an ann thread  is more likely formal and details about the gambling casino they are promoting. But I think Op didn't have this for now as far as I can see, but still not sure if I am right with my thoughts.

This Ann thread must be made first before anything else, so that the community here in the forum will see the flow of the casino they have and classes they got to make other gamblers be more attract about the games, gimmicks, and bonuses they have too.


Title: Re: Opinion on crypto casino project
Post by: Fivestar4everMVP on August 20, 2023, 12:58:43 PM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
It's great if you make ANN threads about the site you want to build, at least you can make your account a copper member to make the thread look good with a nice display of image designs to attract attention to the site or casino platform you want to promote here, why not to creating something has to look good to the users of this forum in order to get positive feedback too.

But if you want to make a thread about feedback like this thread I think no need for a new thread just this thread you will find a lot of feedback about your ideas also great response for any opinion of your crypto casino project at least don't create a thread which will later be filled with post spam, but if you feel ready with your casino platform why not follow my method above.
You are very correct, in my personal opinion also, I see no need of creating a new thread is its not the announcement for the said casino the op wants to build, and also coming to that, i would say that i do not see it appropriate to create an Ann thread of a casino that Op haven't even drawn any plan for, let alone started building, i know this could be nice in the sense that it could help gather momentum for the casino before its goes live, but creating the Ann right now is just too goddam early, users are just gonna use that thread as a spamming ground.

So my advice to the OP is to be patient, draw a plan for the casino, he could share that plan on this thread for feedback, create another thread for that purpose, then when the casino site is already online and remaining few weeks or months to be launched, then the op can then go ahead to create and Ann, and also consider promoting it by launching a signature campaign, Op has to be financially buoyant if he's serious with embarking on this journey.


Title: Re: Opinion on crypto casino project
Post by: Crypt0Gore on August 20, 2023, 01:02:35 PM
It seems like you don't have any past experience regarding running a online casino, if this is true I suggest you do that first, to avoid a starting failure career for your online casino, also you can't escape the KYC requirement, it's only a matter of time, the regulators will end up forcing you to start asking for KYC information from you customers.

Also it's wiser to hire or build up a team who have experience about running an online casino, it's not something you can handle on your own.

Be careful with introducing something new, many competitors in every businesses introduced many new utilities and they still fail, why is that? You won't know what will happen until you try but be prepared and know what you are doing, Good luck.


Title: Re: Opinion on crypto casino project
Post by: mak013 on August 20, 2023, 05:22:17 PM
If you want to get gamblers in such kind of the casino, you need to become popular. Only small part of gamblers is ready to risk their money in the casino they can`t trust.  And the casino without KYC and without any responsibility can`t attract gamblers from the start.
I think it would be better to create 2 same casinos one time - one with KYC and one can be decentralized.

Creating 2 casinos with different concepts in one company is not feasible, if members encounter issues in one casino the other casino will suffer from the association, it's very hard to think of a new concept that the community will support right away it will need expertise, colossal funding, and massive marketing, Stake, and Duelbits and all the other top casinos that are mostly centralized have a huge funding for continuous marketing, especially for a new concept in the casino industry, and you have to have a lot of luck to gain the support of the community.
Yes, it is difficult. But if you think about this idea you can see it`s advantages. First of all you don`t need to develop 2 casinos - you can clone 1 casino and change only register and deposit/withdraw systems. Yes, the problems in one casino will be the same with the other and reputation problems will be the same too. But you can easy repair problem in both casino due to the same code. And you can attract different gamblers until the casino becomes well-known. After it you can choose the one casino for you.


Title: Re: Opinion on crypto casino project
Post by: Bushdark on August 20, 2023, 06:01:38 PM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
I saw your other thread by sometimes you need to take it cool and don't rush things since this particular thread is still available for people to give there opinion on how you can make your project a successful one as a new casinos that will be launched to compete with other casinos that had been in the market for long with good reputation.

You can still get some reasonable opinions from this thread unless you have other things you will like to ask for opinion from people. Creating a casino is a good idea but you have enough funds to promote it so that you can compete with others and also creating your own brand is very important which will make your company exceptional from others.


Title: Re: Opinion on crypto casino project
Post by: ScamViruS on August 20, 2023, 06:12:49 PM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
Why are you going to open another new thread? If the community members are giving their opinion in this thread then I don't think there is any need to open a new thread. But yes if you get enough opinion from this thread and add its essence to that thread and if it is effective for your project then you can open a new thread. I will wait for your new thread.


Title: Re: Opinion on crypto casino project
Post by: darkangel11 on August 20, 2023, 07:12:43 PM
Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

Why not try all of these options?
The way I see it, if you stay in business long enough, opportunities will come, like when Betnomi scammed people and another casino came up offering bonuses to victims.

Quote
A real decentralised crypto casino platform - 100% anonymous.

If you can make it without being raided by your local financial watchdog, it would work. People want this for sure, but not many casinos are willing to risk it. Small ones do it, but with them there's a risk of being scammed. If you grow too much and start getting large revenue, they're going to start threatening you, like they threaten countries that support bitcoin adoption.


Title: Re: Opinion on crypto casino project
Post by: mirakal on August 21, 2023, 03:57:31 AM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
I think this is a bit contradictory, since those decentralized platform have disappeared due to not having a large base of users anymore, as players migrated to centralized platforms. The complaints you heard and read don't correspond to a considerable percentage of gamblers when you compare to their total. Of course there are gamblers who care about privacy, so they would like to play anonymously, but they aren't a big group, and that is why main gambling companies aren't concerned regards this demand.
Just accept the reality that being anonymous will no longer be the main concern of majority of the gamblers, but the safety and security of their money when they want to gamble in certain casino platforms. So I guess conforming to KYC verification is not bad at all, except if you’ve given your personal information to those fake crypto casino platforms. And let’s just accept the reality that later in the future KYC will become a must if you want to play in centralized casinos, otherwise if you keep on wanting to stay anonymous, you might fall on scam decentralized platforms.


Title: Re: Opinion on crypto casino project
Post by: Pandu Geddon on August 21, 2023, 06:20:49 AM
I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.
I think this is a bit contradictory, since those decentralized platform have disappeared due to not having a large base of users anymore, as players migrated to centralized platforms. The complaints you heard and read don't correspond to a considerable percentage of gamblers when you compare to their total. Of course there are gamblers who care about privacy, so they would like to play anonymously, but they aren't a big group, and that is why main gambling companies aren't concerned regards this demand.
Just accept the reality that being anonymous will no longer be the main concern of majority of the gamblers, but the safety and security of their money when they want to gamble in certain casino platforms. So I guess conforming to KYC verification is not bad at all, except if you’ve given your personal information to those fake crypto casino platforms. And let’s just accept the reality that later in the future KYC will become a must if you want to play in centralized casinos, otherwise if you keep on wanting to stay anonymous, you might fall on scam decentralized platforms.

right, now more gamblers don't really complicate the anonymous thing too much. KYC procedures are not disputed by most gamblers. The priority now is comfort and safety. KYC procedure may be annoying and it spoils the mood if it is so hard to do. and casinos must provide friendly and fast support to help gamblers to remain comfortable because KYC procedures may be annoying for gamblers.
some gamblers who don't like KYC, then they can keep playing at places that do accept it all. regulations continue to be developed. Even platforms that didn't ask for KYC before, have finally asked their members for KYC documents.


Title: Re: Opinion on crypto casino project
Post by: piebeyb on August 21, 2023, 07:08:40 AM
Guys I'm going to open a new thread that is more relevant to the current direction that this project will take. It's gonna be about getting as many feedback from you as possible on what would make the greatest casino in your opinion. See you there !
Why are you going to open another new thread? If the community members are giving their opinion in this thread then I don't think there is any need to open a new thread. But yes if you get enough opinion from this thread and add its essence to that thread and if it is effective for your project then you can open a new thread. I will wait for your new thread.
The OP should have closed this thread and created a new one so it doesn't make too much room for feedback, I know that's a natural thing but at least closing one of the threads and locking it would be better to be able to focus on the feedback in just one of the threads, at least it looks neat and the OP is serious about developing his project and not just creating a spam-like series of threads on this forum.

Most new accounts are always like that so I don't think it's strange that they just create threads which end up being just filled with unnecessary posts then leave it endless not even caring what he posts let alone catch any feedback I still see how the OP pays attention to the threads he creates This. i thought locking this thread would be better and focus on its new thread to get more feedback.