You bring up a really good point here, and yeah... this is a good place to ask for questions in general about how one would go about getting their ideas to "come to life".  I believe there is so much room for innovation in the gaming experience, and there has to be a realization that not all good coders who can create these games have the best ideas, per se.


I'm not quite sure if I have seen this somewhere before, but I believe there was a site that was promoting itself for doing exactly that. I want to say it was PevPot, and I think one of the more trusted members on this side of the forum, RHavar, created it. It's basically a lottery type system that issues "tickets" out based on how much you bet... after X amount of blocks have been solved, it uses the next block to decide who wins the pot (that part I still don't quite understand).

Not quite sure if there are any other sites that uses the blockchain as a form of gambling, but a neat concept overall. Keep 'em coming!

Just be glad that you have a city that has an ATM in your state in general, let alone your city... It would be so convenient to exchange cash for bitcoin directly and not have to worry about my bank verifying my transaction that takes 4 business days.  I think the closest one to me is around maybe 4 hours away? So unless I had a huge amount of fiat that I was willing to deposit directly into bitcoin, it will never be reasonable for me to make that drive.

...

Ok, so maybe I'm reading into this in a wrong way, but how you described the business plan in the last part I bolded and underlined it seems as if this is more of a pyramid scheme?  So like those Verge energy drinks or whatever else the "customer" needs to purchase something in order for them to sell it and so on?  If the business is "taken care of by your customers", then this screams out pyramid scheme to me... did I get that wrong?

I think it would be even more feasible (if you honestly believe bitcoin is going to succeed in 5-10 years time) to invest 75% of your funds into bitcoin while using the other 25% to pay off stuff like bills and that sort of thing.  I mean if you think about it, that's $250,000... For me that's a middle class income for 3 & 1/2 years or something like that. You can do a lot with that kind of money if you spend it properly.

Now the tricky part is deciding when to buy with the 750K you set off to the side, which you have multiple options of either buying it all at once (which that in itself is tricky because of different laws put in place), or try and decide a time to buy each week in increments.  I would think buying a noticeable dip every week with something around $2-5K per week will be optimal in not going all in on one set price and have the potential to lose out big.

Well I mean it seems that everyone has forgotten that there is still a blocksize debate going on, and the direction of where bitcoin goes from here doesn't necessarily matter any more because of "da halving!! ".

Where the devs take it from here is very important for Bitcoins long time success, and what people are proposing from both sides on the topic of what the block size should be would be a huge change in the structure of bitcoin block chain itself...

So what I'm trying to say, is that if a bad mistake were to happen in this debate and the possible fork fails, then we would see a major decline in price because there would be no more trust in how bitcoin operates at it's most fundamental level.

So in a way, it sounds like this is more of a bank/stock brokerage? Idk, just sounds like that though... but from what you're saying, the only thing you need to do is to have the funds available and ready when the time comes and you are ready to start taking investment order... but here's the reason why I'm skeptical:

If you are making a niche market where you have a certain business project outlined, the thing is, is that the person who is getting invested into something like this will probably need to know something about what they are doing.  So for example: someone who is a computer scientist probably won't know how to economically run a business. People have knowledge in many different fields, and I doubt that "every one" with the funds you are requesting people to have are the only thing they need to make a ROI out of this... Not to mention you need to advertise your product, try to get people to do business with you, and maybe even need to rent out a building to do business at so people know where to go to talk to you about stuff. People don't tend to do business with people when it's all based on the internet, especially the case if you are trying to get people to take over 10,000 cities in America or wherever.

But the thing is, is that you have chaos going on in the world and war happening all around us, then that would most likely mean that something isn't right with government and people will lose all "trust" in the government.  Fiat is all backed on "trust" in the government, and the prices get lower if there is no more trust... it will all go back to precious metals (i.e. silver, gold, etc.).  That's one of the main things that makes precious metals so valuable to people over the course of time... you can't really create nor destroy it... in this case, there is a way (very unlikely though) to destroy bitcoin, because if you take down the internet, it is rendered completely useless.  Precious metals will always be what it is, even if you melt it, freeze it, throw it away or hide it; it's not going away.

From what I read on their website, they charge "high water mark" fees... meaning that if your wealth grows by using their system, then they will charge you 25% of what you gained at the end of the quarter.  Quoted from the FAQ about the high water mark system:

So this gives members who sign up and start investing into coincube a sense that everything will be OK if the system starts to lose some of your assets through bad trade.  It won't count fees until it passes that high water mark, ensuring the customer that they will only ask you to pay the fee if they have been doing their job correctly... doesn't necessarily mean that they can't just lose your entire investment, and in the scenario above, 10 BTC is a pretty hard loss to recover if they just completely flop as a company.

Hahah, that's actually a pretty cool game, is it more just trying to get a coin closest to the wall without touching it?

And going back to what you said, yeah I understand that gambling is a very old hobby, and it's hard to get away from the norms.  I just believe that people have a lot of cool ideas, and just don't know what to do to get it to become a reality.  Plus, if someone were to make a really new type of game that hasn't really been done before in the online gambling industry, and only accepts cryptos like bitcoin, it will boost more popularity toward bitcoin and thus lead more people into wanting to get into Bitcoin in the first place.

Yeah, I would be ecstatic if someone were to gift me a physical bitcoin for christmas... but it's definitely something I would never "ask Santa" for christmas, because my family really hates the fact that I'm into bitcoins at all and they think it's just some fad.

But as another suggestion to the OP, I would make it abundantly clear that what you gave them probably shouldn't be "opened" if it has come pre-loaded with bitcoins on it.  Tell them how much of a collectability comes with those kind of coins, and what kind of premium they already go for when you leave those coins untouched for a prolonged period of time... honestly that would make me more interested in bitcoin and researching what coin you just gave me.

Yeah and that's another thing that I kind of wanted to point out that's a problem for lots of people who have great ideas, but don't know how to package them or sell them themselves; case in point, they are people with great ideas but don't know how to code a mediocre site that has a built in API and can withstand a descent amount of traffic. Even with me personally, I would have no idea how to go about coding my own site, because I don't do that kind of thing for a living and only frequent here because learning about bitcoin is just a hobby of mine and not my source of income... and because of that, every now and then I like to have fun and gamble.

So maybe along with this speculation, we can sort of talk about how to teach or give suggestions to people that do actually have good ideas on what they should do.

Idk, personally I'm just tired of seeing the same type of threads in the gambling section of the forum and want to pick peoples brains of what they think should be implemented to make gambling safer and more fun for everyone. 

Idk, they could be profitable in a country or state that has a lot of tech savvy people that at least know and understand a little bit about bitcoin.  They probably sometimes check and see every now and then if there are new ATM's popping up around them every now and then, and I would think that you could potentially bring in a lot of business if you decided to get one.

Wow, I didn't even know that a "block tree" was being developed... that's actually really awesome he's designing something totally different in comparison to the "block chain" architecture.  But could you go more into depth about what that entails and means in regards of being able to confirm tx's faster and remain relatively secure?

Yeah, I personally think the "giving casascius coins as a gift" era has already past us by, because of the realization of how much those coins can fetch for in btc and fiat.  Even though that's what it was mainly used for in the past, if someone doesn't already own a couple of them now, they are going to pay a pretty hefty premium for them since Mike is out of business and not creating them any more.

That's not to say that there aren't other way to do this coin giving thing a try.  If you plan on giving someone at least .1 in btc, try looking at the auction threads for Smoothie's brass "lealana" coins that he auctions off pretty frequently right now.  They tend to fetch lower prices and the last thread I saw, a bulk order of 40 brass is fetching somewhere around .35 btc right now, which isn't too bad at all... plus Smoothie is kind of like Mike's successor in a way in the first ones to start producing physical bitcoins, which makes them a little cooler. Not to mention his physical coins, or any of the new and upcoming physical coins, look very nice and would be a very nice gift to someone for the holidays.

So, we've all pretty much seen it all when it comes to new gambling websites that are coming out now and days.  From P2P games like blackjack and poker, to provably fair lotteries and dice sites... different types of sports gambling games are also starting to pick up interest in the bitcoin world which is also a very good thing.  All of these are well and good, and while I do like to frequent some of these sites when it's a rainy day; it leaves me to think about what new possibilities are out there for new entertaining games that casinos will implement in the near future.

I keep frequenting the gambling section just to see if there were any new games and ways to gamble that have been recently made, and really, it's all just the same thing... people predicting sports picks, best ways to play dice, etc. etc.

Why not freshen things up on here with a speculation topic that asks the question: "What's your idea of the next big thing in online gambling?"

I have been reading into a little bit about joystream in the past and is a really cool sounding concept and could probably work if more people get interested in earning bitcoin by sharing bandwidth.  But as I know of right now, they are still in Beta and I think they aren't paying out in bitcoin just yet, and instead using testnet coins or something of the sort? Last time I check, they haven't really posted much info about it on their home page.

Maybe it should be noted that he should mention if by when he said "he won", that he actually meant that he won the big jackpot multiple times... or just "won" which is pretty easy to do in most lotteries.  Every now and then when I play IRL, there is a 3:1 chance of at least coming out even, and probably more around 7:1 to make an OK profit.  It still makes you feel really good when you win, but just not "heavenly" as winning the big time jackpot.

I mean, Bitcoin is still a pretty revolutionary and "new" concept that everyone is excited about.  I spend a lot of my time on here, and at times, takes over a good chunk of my time and maybe some sleep every now and then when things are getting exciting in the crypto space.  I don't think that it's a matter of a problem with Bitcoin exactly, but possibly your traits that were handed down to you genetically (I definitely have an addicted personality, so I can sympathize with you).

You need to be able to step back every now and then and set time aside where you will not go on the internet at all.  Think about it this way, sure you are probably embarking on something that will probably make you a lot of money when it's all said in done, and you will probably be very well off like a lot of people who are on here and accumulating as much bitcoin as they can when it's relatively cheap... but what is that worth if you distance your self from friends and loved ones?  What do you see your self doing and spending money on when the time comes from a very profitably bitcoin career? Hanging out with lots of people and having fun at parties or maybe spending time with your significant other on a glamorous trip across the world somewhere?  You can't do that if you lose everyone that you know and love, and if you are stuck in your room coding away for hours on end, or stuck here on the forum, then chances are you are not going to enjoy the life you were working so hard to prepare for in the future.

I believe that any measurement that uses the metric system is the easiest way to discuss values in general when discussing an amount of bitcoin with someone else.  I believe that slang terms like "millie" or "satoshi" should just be left out when trying to have an honest conversation.  Everyone tends to know the metric system universally since it's used for every type of scientific measurement, and I think that it should be kept that way since bitcoin is trying to become the first global currency.

Plus I mean think about it... while everyone on here knows what a "satoshi" is, is there any real reason to be measuring your bitcoin value in satoshis? There is literally no value in a satoshi, and it's misleading to say you have 1K satoshi's on hand when that still is in a sense, nothing.

So I'm pretty skeptical about what I underlined above, and totally disagree with what I put in bold.

Bitcoin isn't very decentralized, but it provides more decentralization than the central banks (obviously).  I think this problem is just going to get worse as time goes on and the future halvings cause more "at home" miners to stop mining because the cost of them doing it is just way too much than what they are getting out of it.  Doesn't mean that all miners will get out of mining, because a lot of people just enjoy it for a hobby, which there is nothing wrong with that... it's just a very expensive hobby IMO.  I just think the development of big time mining farms that will become the "Apple" or "Microsoft" of mining will be inevitable, because as the difficulty increases and payouts decrease, you have to be able to know how to run miners in the most profitable way in order to gain ROI.

Now with true anonymity, I don't believe that one bit... and it's becoming more clear that's the case every single day.  Like I stated above, people don't just mine to produce their own bitcoins to spend.  Bitcoin is very much pseudonymous, but the privacy and security that bitcoin gives users is declining every day.  If people want to get into bitcoin, they will probably have to go through a 3rd party exchange site, which requires them to link their bank accounts and/or credit cards, which links to them as an individual.  This is not at all anonymous, and people should start realizing this... that's honestly the biggest flaw I see in bitcoin right now